Abrigo
DECEMBER 18, 2023
WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital. at big banks.
PYMNTS
SEPTEMBER 17, 2020
The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. Louis and Dayton, Ohio. Mastercard said it will invest $500 million in Black communities across the U.S.
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Abrigo
JULY 5, 2020
Credit unions like Telhio Credit Union in Central Ohio had employees working around the clock to help with PPP loans, and they used an SBA lending solution that automated the origination process, as well as the forgiveness and administration phases. In fact, it was Ohio’s top SBA lender among credit unions. get started.
Abrigo
MAY 24, 2023
Sherrod Brown, D-Ohio, in the same hearing. Without access to traditional banks, legal cannabis businesses can’t access loans and capital or even use basic bank accounts. “The lack of electronic records in this world makes it easy to move money that shouldn’t be moved.”
PYMNTS
APRIL 17, 2017
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.
Abrigo
JANUARY 15, 2015
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, Ohio – First Federal Savings and Loan Association ($955 million). Flagstar capitalizes on going local, too.
PYMNTS
APRIL 27, 2020
They are doing it because they can,” said Chris Olsen, a venture capitalist with Drive Capital Partners in Columbus, Ohio, in an interview with the Times. It might be argued that the relatively well-capitalized firms have taken spots that would have been reserved for companies in dire straits. They view it as free money.”.
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