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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

With mortgage rates down in the US , many homebuyers are looking locally to their community banks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending.

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A bridge to affordable housing

Independent Banker

Daniel Galindo, pictured, and Doug Schaeffer of Woodforest National Bank helped involve the community bank in providing funding for and access to affordable housing. We worked with the Texas Department of Housing and Community Affairs to jumpstart its down payment assistance program,” recalls Schaeffer. “We

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Accounting About-Face

Independent Banker

She explained why lawmakers should exempt community banks from Basel III capital rule. Community bankers score big changes in final credit-loss standard. The agencies said in formal guidance that community banks will be able to meet the new standards without complex models or third-party service providers.

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Why Banks Merge: Listen to the Sellers

Jeff For Banks

"Our combined financial institution will offer a wider array of products and services while continuing our long-standing personal commitment to our customers and community." - Gregory Schreacke, President of First Financial Service Corporation in Elizabethtown, KY on his bank''s sale to Community Bank Shares of Indiana, Inc.

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Accounting Liabilities

Independent Banker

A New Accounting Twist—ICBA’s accounting expert James Kendrick tells community banks to closely watch for the Financial Accounting Standards Board’s pending new standards for recognizing credit losses, much earlier than currently required. IB: How would this affect community banks? IB: What is being proposed by FASB?

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An App A Day Keeps Grocery Shoppers Coming Their Way

PYMNTS

Hunger and wasted food are two problems that can have one solution,” believes Daily Table founder Doug Rauch, former Trader Joe’s president and co-CEO of Conscious Capitalism, Inc. Up next are areas in Texas, Connecticut, Florida, Ohio and South Carolina. By 2018, Instacart plans to offer service to 80 percent of American households.

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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

Community initiatives: Loom (Massachusetts). Yet, in recent years, cash-strapped transportation agencies have been shutting down rest areas in many states, including Florida, Michigan, Ohio, and South Dakota, along with an initiative to do so in Connecticut. Community initiatives: Loom. Vegan fast casual: By Chloe.