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A digital-first bank for south Florida

Independent Banker

Banking veteran Keith Costello cofounded Locality Bank, where he serves as president and CEO, to champion for south Florida small businesses financially affected by the pandemic. After looking at the consolidation in our market, we concluded that the lack of community banks was the reason.”.

Florida 91
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Best Community Banks to Work For 2022

Independent Banker

.; Bank of Montana, Missoula, Mont.; CNB Bank, Berkeley Springs, W.Va.; Midwest Bank, Norfolk, Neb. In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. Tom Swenson, Bank of Montana.

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Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

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Banking's Top 5 Total Return to Shareholders: 2022 Edition

Jeff For Banks

My method was to search for the best banks based on total return to shareholders over the past five years. I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments.

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First New Community Bank In Decades Headed To US Market

PYMNTS

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years.

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SBA Turns Attention To Credit Unions To Revive Small Biz Lending

PYMNTS

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. author of the report and Florida Atlantic University’s Kaye Family Endowed Professor in Finance.

Lending 116
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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

The traditional banking model may be disrupted, or about to be disrupted, depending on where you look. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. As for lending to businesses, banks have still been a bit hesitant to lend to smaller firms. Behind the Numbers .

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