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Black-run bank channels capital infusion into digital upgrades

American Banker

M&F Bancorp in North Carolina plans to use some of the $18 million it received from big banks to make overdue improvements to its commercial lending platform. ]].

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Banking's Top 5 Total Return to Shareholders: 2023 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. Communities First Financial Corporation (Now FFB Bancorp) (OTCQX: FFBB) #2. It is a Minority Depository Institution (MDI) and is one of only a few North Carolina banks designated by the U.S. Coastal Financial Corporation (Nasdaq: CCB) #3.

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Tech Center: Charlotte On The Edge of Tech Greatness

PYMNTS

Just west of the Research Triangle in North Carolina, Charlotte’s technology industry has been slowly growing over the past few years. With this news, we decided to focus our Tech Center on the up-and-coming North Carolina city. million over the course of the next three years to build up a FinTech hub in Charlotte.

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Going the extra mile to help minority-owned businesses weather pandemic

American Banker

Uwharrie Capital in North Carolina and Valley National in New York used their community connections to seek out small companies in need of loans from the Paycheck Protection Program. They found plenty of them.

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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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CEO Roundtable: Ideas for a successful 2023

Independent Banker

We recently spoke with community bank CEOs from across the country to gain insights on how they’re proactively positioning to manage risks and take advantage of growth opportunities in the coming year. Following some respite in 2022, community bankers are bracing for a tougher economic landscape ahead in 2023. By Beth Mattson-Teig.

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CFPB announces new appointments to advisory groups

CFPB Monitor

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Community Bank Advisory Council Members.