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Synovus to take swing at timber business

American Banker

The Georgia lender has hired bankers away from Wells Fargo to build a new ag lending team that will look to capitalize on soaring lumber demand in its home state.

Georgia 87
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The Russian Connection (To Alt Lending Globally)

PYMNTS

educated entrepreneurs met while working abroad at Renaissance Capital and Deutsche Bank. such as Zopa and Lending Club, they saw an opportunity in emerging markets that had been ignored by the big banks, such as Russia, Georgia and Kazakhstan. Observing the rise of disruptive companies in Europe and the U.S.,

Lending 105
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Commercial Credit Trends – Where to Tread Carefully

South State Correspondent

Lending is getting riskier. This data is critical for pricing, capital allocation, and marketing. As can be seen, the consumer is starting to feel the credit shock first while commercial lending is still performing. Minnesota, North Dakota, and Iowa were the least risky states to lend into. This quarter, it is 2.58%.

Trends 195
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B2B eCommerce Tips The VC Scales

PYMNTS

based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. million investment round in commercial card startup DiviPay, reports said this week, via the bank’s venture capital unit ANZi. See all of the latest B2B fundraises below. SaaSOptics.

Capital 128
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New ICBA chairman Derek Williams’ commitment to community

Independent Banker

Photo by Harold Daniels Derek Williams, president and CEO of Century Bank & Trust in Georgia, is bringing his passion for community banking to his term as ICBA chairman for 2023/24. Derek Williams and fellow Georgia community bankers at the 2013 ICBA Washington Policy Summit, now the Capital Summit.

Community 172
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How Automated Authentication Helps Propel SMB Loan Disbursements

PYMNTS

The small- to medium-sized business (SMB) lending industry is in a unique position during the pandemic. Interest in the space has been revitalized due to the harsh financial blows the pandemic has dealt, providing opportunities for SMBs to gain capital and for lenders to facilitate. Of the 32 million SMBs in the U.S.,

Georgia 147
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

Last week , Walmart Pay rolled out in Alabama and Georgia. Online lending . The venture capital backers are no doubt smiling. . Slam dunk sizzle. Is payment enabling those storefronts next? . Walmart Pay. It’s been a busy seven-day stretch for Walmart Pay. Remember there is one within 15 minutes of 90 percent of Americans. .

Lending 101