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Popular Bank’s Commitment to Our Customers and Communities

PopularBank

Dear Customers, Partners and Community Members, Thank you for being part of our Popular Bank family. In these uncertain times, we are all working together to navigate our new normal. While these are unprecedented times, our long-standing commitment to you and our communities has prepared us well.

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Affirm Confirms $200M Investment Round

PYMNTS

In the latest round, GIC was joined by Khosla Ventures, Spark Capital, Lightspeed Venture Partners, Founders Fund and Ribbit Capital, among others. In April, Affirm reported it had processed more than 1 million consumer installment loans made by Teaneck, New Jersey-based community financial institution Cross River Bank.

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Banking On APIs For B2B Innovation

PYMNTS

One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems. New tools for new FinTechs.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. To you, manage your interest rate risk. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate?

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Seeking Sales Success

Independent Banker

is becoming a more sales-conscious community bank. The bank is undertaking this steady transformation, a blend of operational and cultural change, to capitalize on its comprehensive financial product lines. He shares this message with every new associate he trains. Countybank in Greenwood and Greenville, S.C.,

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The Elephant in the Room: Branches

Jeff For Banks

This dates back to an interview I did with American Banker about a community FI that was opening coffee shop branches. The community FI may not have this luxury. The poster child of this concept is Commerce Bank of Cherry Hill, New Jersey which was acquired by TD Bank (see photo).

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The social responsibility of banks is to increase profits.

Jeff For Banks

Managers of corporations are not accountable to society. Franklin Financial Services Corporation, parent company for F&M Trust Bank in Chambersburg, Pennsylvania, invests in the Franklin Future Fund, a non-bank investment company that makes venture capital investments in the Cumberland, Franklin, Fulton, and Southern Huntingdon counties.