Jeff For Banks

MARCH 5, 2021

Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? According to my firm's profitability peer group, a branch with $74 million in average deposits made a mere pre-tax profit of three basis points.

Regulation 78

Regulation Indiana Charlotte Community Bank 78

Jeff For Banks

DECEMBER 13, 2018

Total return includes two components: capital appreciation and dividends. This is clearly a turnaround situation, as the bank lost over $12 million in 2010, over 20% of its capital (ouch). But once they turned things around they took their deferred tax asset back onto their books and did three acquisition. Welcome to the list!

Oregon 101

Oregon Ohio California Community Bank 101

PYMNTS

JANUARY 19, 2017

It looks as though Montreal, Canada’s robust AI community has left a good impression on tech giant Microsoft. Microsoft is excited to engage with faculties, students and the broader tech community in Montreal, which is becoming a global hub for AI research and innovation,” Brad Smith, president of Microsoft, said in a statement.

Puerto Rico 100

Puerto Rico Indianapolis Indiana San Francisco 100