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Fifth Third Taps Accion To Reach More SME Borrowers

PYMNTS

Fifth Third Bank is focusing its SME lending reach through a new partnership with nonprofit lender Accion. Reports late last week said the bank will work with SME lending portal Accion, a nonprofit company, to facilitate the financing of these companies across five states: Florida, Indiana, Illinois, Michigan and Ohio.

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Wells Fargo Hires Headhunter For CEO Search

PYMNTS

However, as she was picked to run JPMorgan’s consumer lending business last week, Lake isn’t as viable of a choice. Greg Donaldson, chairman of Donaldson Capital Management in Indiana, said shares in the company would be “the best stock on earth to buy” with the right CEO. “It

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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

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. • Indianapolis, Indiana – First Internet Bank of Indiana ($249 million). Flagstar capitalizes on going local, too.

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

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Online lending .

Lending 101
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Banking's Top 5 in Total Return to Shareholders: 2019 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. First Capital, Inc. Nasdaq: FCAP) First Capital, Inc. is the parent company of First Harrison Bank, a community bank headquartered in Corydon, Indiana. CD's only account for 5% of total deposits. That's a mouthful.

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Why Banks Merge: Listen to the Sellers

Jeff For Banks

." - Gregory Schreacke, President of First Financial Service Corporation in Elizabethtown, KY on his bank''s sale to Community Bank Shares of Indiana, Inc. Read: We need to be bigger and have more capital to keep up with regulation and the industry. Read: We only have $10 million in capital and can''t get more on our own.

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Deposits: Do you want a relationship or fries with that?

Jeff For Banks

First Internet Bank of Indiana is primarily a pure Internet play that does not enjoy the same brand splash as ING. They pursue a retail strategy to generate additional funding for their commercial lending line of business. At first, it was a pure Internet high cost money play. Its deposit rates are typically at the top of the market.

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