Remove Capital Remove Community Remove Miami Remove National
article thumbnail

A digital-first bank for south Florida

Independent Banker

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. By Katie Kuehner-Hebert. Name: Locality Bank. Assets: $55 million. Built on a solid foundation.

Florida 91
article thumbnail

5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

The analyst community balked at longer-term questions about the company’s liquidity even though 2019 was the company’s sixth straight year of triple-digit revenue growth with over 177,000 cars delivered and just shy of $4 billion in revenue. The Miami vending machine has a new design and is definitely an attention-getter in new markets.

Company 130
article thumbnail

Tech Center: Orlando Dips Its Toes Into Tech Startup Water

PYMNTS

The latest pieces of tech news to hit the Orlando tech scene are Lockheed Martin ‘s $100 million missile deal and Elon Musk’s Hyperloop One transit system that promises to get people from Miami to Orlando in 26 minutes. ND: I’ve been involved in the Orlando tech community for 10+ years.

Florida 110
article thumbnail

Who were ICBA’s Top Lenders of 2022?

Independent Banker

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. American Bank, National Association.

article thumbnail

Small Business Resiliency in South Florida

PopularBank

The impact of COVID-19 has dramatically affected our small business community. Just a few short months of disruption have altered our area’s growth trajectory and economic outlook, causing concern among our residents and business and community leaders. With South Florida Region Executive Israel Velasco.

Florida 52
article thumbnail

Retail’s Small Business Crisis

PYMNTS

The businesses that we track and profile in our Store Front Index — the home remodelers, salons, spas, small retailers, delis, coffee shops and restaurants that contribute to the health and vitality of the local communities — are not only declining, they’re not even getting off the starting blocks.

Retail 134