PYMNTS

MAY 25, 2020

With 90 percent of SMBs reporting that they have been negatively impacted by the coronavirus, according to PYMNTS research, it’s clear that Main Street cannot afford to sit idle. The consensus on Main Street, however, is that the old ways of doing business may be gone for good.

Maine 151

Maine Fintech Fraud Marketing 151

Independent Banker

NOVEMBER 30, 2021

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. For other borrowers, the $596 million-asset community bank allowed deferrals of principal or, in some cases, full payment deferrals. Photo: R.J.

Community Bank 209

Community Bank Community Texas Dallas 209

Abrigo

FEBRUARY 13, 2020

Key Takeaways To better serve their community, as well as stay competitive in this fast-moving environment, savvy CFIs are carefully blending digital innovations with their hallmark relationship banking practices. CFIs reinvest in their communities, supporting local businesses and helping community members make financial decisions.

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Community Lending Management Innovation 273

Independent Banker

AUGUST 31, 2021

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Location: Augusta, Maine. Last year was earth-shattering in many ways.

Community Bank 196

Community Bank Community National Fresno 196

PYMNTS

DECEMBER 11, 2018

Big plans generally required big investments — which is why the best-known startup firms in the world have big names in business and venture capital standing behind them with their big checkbooks as backers. But not every entrepreneur in the world has a big idea. In fact the vast majority of small firms in the U.S.

Maine 151

Maine Massachusetts Capital Course 151

South State Correspondent

MAY 20, 2024

In last week’s article ( here ), we discussed why category and geographic diversification may be unfeasible for many community banks. We concluded that after a community bank sets limits on loan categories, the added benefit of geographic or loan category diversification is nullified.

Community Bank 195

Community Bank Community Strategy Examples 195

PYMNTS

JANUARY 13, 2021

The aim of the Starbucks Community Resilience Fund is to support SMBs in areas “with historically limited access to capital,” the release said, to promote racial equality and environmental resilience. Access to capital is especially important amid worries of a second lockdown. Starbucks announced on Tuesday (Jan.

San Francisco 226

San Francisco New York City Chicago Atlanta 226

PYMNTS

JUNE 15, 2020

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

Capital 141

Capital San Francisco New Jersey Massachusetts 141

PYMNTS

MAY 7, 2020

All eyes may be trained on Wall Street now, and Main Street too as the latest tranche of business lending gets underway. But revisiting management commentary and specific sub-segments of the reported data — specifically Square Capital and Cash App — shed additional light on where merchants see opportunity and challenge right now.

Maine 141

Maine Online Capital Retail 141

PYMNTS

DECEMBER 17, 2018

Australian challenger bank Judo Capital has chosen VERMEG , a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority (APRA) reporting requirements as it pursues its full banking license. “Regulatory reporting is an essential function for Judo.

Capital 116

Capital Compliance Report Software 116

South State Correspondent

FEBRUARY 20, 2023

Community bankers need to understand their competitive landscape. Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage.

National 195

National Lending How To Community Bank 195

PYMNTS

MAY 22, 2020

The data painted a dark picture for Main Street retail this week, with a new Facebook & Small Business Roundtable study showing that over 30 percent of small to medium-sized businesses have either failed or don’t see a way forward due to the pandemic. It’s called Main Street Regenerators.

Maine 138

Maine Philadelphia Community Groups 138

PYMNTS

FEBRUARY 24, 2016

One of the most significant: the health and importance of small businesses, and in particular, the “mom and pop” shops that line the main streets and side streets of our local communities. This quarter’s edition shows what happened, through the end of 2015, to the businesses that keep our local communities thriving and surviving.

Maine 100

Maine South Carolina New Hampshire Capital 100

Abrigo

AUGUST 30, 2016

According to Sageworks’ Bank Information resource there are nearly 12,000 community banks and credit unions across the United States. These main-street institutions employ and service millions of voters in towns both large and small, but are often overlooked and underestimated in the role they play in the political process.

Community Bank 150

Community Bank Community United States Policies 150

South State Correspondent

FEBRUARY 29, 2024

This article provides an update on pricing trends driven by our Loan Command aggregated community bank data and highlights some commercial loan insights that can improve bank performance. percentage points bringing forward looking LGD to 44% of the average community bank loan amount.

Trends 195

Trends Community Bank Community United States 195

PYMNTS

JANUARY 9, 2018

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void. We urge you to make such legislation a priority.”.

Community Bank 131

Community Bank Community Fintech Lending 131

PopularBank

OCTOBER 2, 2020

When we first opened our doors, we did so with a great sense of purpose and a vision to make a difference within our communities. I am proud to share that Popular’s commitment to meeting the diverse and growing needs of our customers and communities across all our regions is stronger than ever before.

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Community New York New Jersey Meeting 98

PYMNTS

JANUARY 8, 2021

There's no doubt that the small business community is facing a period of immense tribulation. According to nonprofit Accion Opportunity Fund VP Adriana Eiriz , the uncertainty plaguing Main Street today is widespread. Though the future is largely uncertain, Eiriz is confident that the Main Street community will emerge from the turmoil.

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Strategy Community Maine Lending 231

American Banker

DECEMBER 18, 2023

The Fed's Basel endgame draft rule would restrict access to capital and credit on Main Street.

Capital 40

Capital Maine Community Bank Community 40

Abrigo

JANUARY 22, 2015

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. Small regional and community banks had a much higher approval rate (90 percent) for those firms classified as “Growers.

Community Bank 150

Community Bank Community Regional Cleveland 150

PYMNTS

MARCH 22, 2017

And, behind the scenes, the brewery’s story is that of an exacting journey of finding Main Street success. We wanted to start fairly large because if you are small, it’s really hard to grow as you just don’t have the capital coming in,” Marvil said. Denver, Colo., Portland, Ore. Bureau of Labor Statistics.

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Maine Portland Massachusetts Denver 100

South State Correspondent

AUGUST 21, 2022

Last week we wrote about loan-level vs. balance sheet hedging for community banks and provided our loan proposal generator ( HERE ). We compared and contrasted the two strategies and sized the market for community banks. A community bank may transact one or only a few balance sheet hedges over many years.

How To 195

How To Community Bank Community FDIC 195

South State Correspondent

AUGUST 15, 2023

This article provides an update on pricing trends driven by our Loan Command aggregated community bank data and highlights some working pricing ideas. A combination of credit concerns and funding pressure have most community banks focusing on their existing customers and moving away from new transaction-orientated clients.

Trends 195

Trends Community Bank Community Lending 195

Independent Banker

JUNE 30, 2022

Working through any difficulty or crisis at your community bank won’t be a walk in the park, but it may lead to an experience for which you’re truly grateful. As a community banker, you’re either going through a crisis or you’re preparing for one. And today, CAMELS are a main area of focus for our bank. Photo by Chris Williams.

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Community Bank Community Lending Training 171

South State Correspondent

MAY 23, 2022

Customers and competitors are challenging community banks to extend loan duration – borrowers are eager to lock fixed rates before they rise further, and many competitors are happy to oblige. But what are the optimal fixed terms for community banks given today’s interest rate, credit, and liquidity environment?

Lending 195

Lending Community Bank Community Capital 195

PYMNTS

JUNE 18, 2020

as well as Durable Capital Partners LP in addition to current investors, accounts and funds that T. Ellenbogen continued, “More important than ever, DoorDash is innovating on products and services that power local commerce and enhance their larger community including Dashers, customers, and merchants. Rowe Price Associates, Inc.

Capital 141

Capital Community California Maine 141

Lex Sokolin

OCTOBER 21, 2020

Our communities and networks have become increasingly digital. That means that our physical communities are also our digital communities. People are not buying some abstract reductionist notion of “products”, they are economically participating in communities with counterparties native to those communities.

Community 52

Community Video blockchain Maine 52

PYMNTS

MAY 29, 2019

Businesses of a certain size — and in industries as varied as construction and restaurants — know the pain of wondering if they will have enough capital to fund operations, inventory, expansion and other mission-critical business activities. For loans made via the Working Capital operation, the new money tends to support inventory.

Lending 221

Lending Capital Operations Community 221

Abrigo

MAY 5, 2022

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. Main Street Banking: A Podcast for Community Bankers 8. Listen to the podcast episode, " How To Sleep Easier at Night About Capital and Risk Levels.". Banking Transformed 2.

Community 195

Community Lending Maine Resources 195

South State Correspondent

MARCH 13, 2023

The SVB Takeaway For Community Banks Community banks should continue to monitor their deposit base, liability sensitivities, and duration risks. Notably, most community banks’ duration risk is in the loan portfolio. The proportion of fixed-rate loans has increased for community banks over the past four years.

Risk Management 221

Risk Management Management Community Bank Community 221

South State Correspondent

JANUARY 30, 2024

Benchmarking can help banks better optimize capital as it gives bank management a sense of what the average is for the industry. In comparison, 25% is capitalized and depreciated over three, five, or ten years, depending on the nature of the expense.

Capital 195

Capital Operations Customer Experience Comparison 195

South State Correspondent

JANUARY 22, 2023

In a previous article ( here ), we discussed why commercial loan prepayment protection would be a critical return on asset (ROA) driver for community banks in 2023. We outlined the four main reasons why prepayment provisions increase profitability for banks. However, many community banks cannot hedge all of their commercial loans.

Community Bank 195

Community Bank Community Capital Maine 195

PYMNTS

JUNE 27, 2019

When small business (SMB) investment marketplace MainVest announced a $3 million Seed funding round last week, it did something that many Main Street SMBs cannot do. At the same time, many early stage startups, particularly in the technology sector, still have access to traditional financing, like venture capital and private equity.

Capital 145

Capital Community Oklahoma Maine 145

Abrigo

MAY 24, 2023

Bipartisan support The SAFE Banking Act's long road to the Senate Many in the AML/CFT community have been watching the unfolding of the Secure and Fair Enforcement (SAFE) Banking Act for some time now with no significant progress.

Lending 195

Lending Fraud Operations Ohio 195

Abrigo

JUNE 7, 2021

Takeaway 1 The pandemic has shown that financial institutions deal with a variety of risks that can impact cash flow and capital. . Indeed, having sufficient capital to handle the unexpected economic impacts allowed financial institutions to play a key role in the U.S. Would you like other articles on ALM in your inbox?

Management 195

Management Risk Management Capital Regulation 195

Perficient

NOVEMBER 21, 2023

Describe a typical day in the life. Perficient, though not new to insurance, is consistently realigning to capitalize on the industry’s digital transformation potential. Some of the main talking points were around agent systems and ecosystems, embedded insurance, and of course, generative AI.

Industry 221

Industry Conference Meeting Maine 221

CB Insights

SEPTEMBER 6, 2017

Select VC Investors: Khosla Ventures, Social Capital. Ample Hills Creamery — named for a line in a Walt Whitman poem — is an ice cream shop and “community gathering place.” Select VC Investors: Cue Ball Capital, Valley Oak Investments. Select VC Investors: Otium Capital. Select VC Investors: Otium Capital.

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Maine Capital Rhode Island DC 70