Remove Capital Remove Community Remove Phoenix
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.

article thumbnail

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.

Cleveland 150
Insiders

Sign Up for our Newsletter

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

article thumbnail

Western Alliance to Buy GE Capital's Hotel Finance Portfolio

American Banker

in Phoenix has agreed to buy GE Capital's hotel franchise finance loan portfolio. Western Alliance Bancorp.

Capital 28
article thumbnail

Collaboration: The New Competitive Weapon

Gonzobanker

There is strength in numbers, and there’s absolutely no reason for community bankers to try to compete against players a hundred times bigger on their own. As bankers build bonds with peers through collaboration, they open up new opportunities to jointly invest capital in new ventures and strategies. 2016 GONZOBANKER ROUNDTABLES.

article thumbnail

National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

This year’s National Small Business Week , themed “SBA: Dream Big, Start Small,” will include special events in Atlanta, New York, Denver, Phoenix, San Jose, Oakland and Washington, D.C. Capital: SBA fills gaps in the commercial lending marketplace so success in the small business sector is based on merit, not family wealth.

National 150
article thumbnail

Our Finest Hour

Jeff For Banks

Things look grim for us: community financial institutions (collectively, "banks") and those that serve those august institutions. We were encouraged to take government capital, only to have the government change the rules on us afterward, and the public decry "government bailout". We are a community bank. I think so.

Phoenix 72
article thumbnail

As Losses And Costs Rise, Alphabet Promotes Waymo’s Promise

PYMNTS

With the partnership, Waymo said it can offer its self-driving services to communities around the country. We believe strong growth potential remains in opportunities with cloud, hardware, YouTube, Waymo and other bets, which should add significant value over time,” said Andy Hargreaves of KeyBanc Capital Markets. Investor Impatience?