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SAFE Banking Act returns to Congress: Is safe harbor for cannabis banking on the horizon?

Abrigo

“Without full access to the banking and payments system, legal cannabis businesses are forced to operate in the shadows,” said Sen. 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.

Lending 195
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How the PPP + Technology Means MBL Growth and More for Credit Unions

Abrigo

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.

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The Balancing Act Between PPP’s Letter And Spirit Of The ‘Law’

PYMNTS

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.”.

Columbus 149
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The benefits of small business relationships

Independent Banker

One community bank relying on its internal talent is $596 million-asset The Community Bank in Zanesville, Ohio. “In They can go ahead and operate and know that our bank is behind them,” Allen says. They become a loyal customer of our bank, because we showed them a better path.”. Joe Allen, The Community Bank.

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Why Banks Merge: Listen to the Sellers

Jeff For Banks

will provide greater capital resources and operational scale that will allow us to grow as part of a larger community bank." - Loralee Hutchinson, President of Alarion Financial Services, Inc. Read: We need to be bigger and have more capital to keep up with regulation and the industry. "Our combination.

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The ICBA 22/23 executive committee is all in

Independent Banker

Coldwater, Ohio. I look forward to getting back in front of our regulators, senators and representatives for face-to-face visits to rebuild personal connections and gain their support during this year’s ICBA Capital Summit. Bank Operations and Payments chair Alice P. Chairman Brad M. Grand Rapids, Minn.;

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Regulation and Compliance: Ready for Review

Independent Banker

In the past couple of years, regulators have become more interested in risk management, strategic and capital planning, succession planning, compliance (particularly Bank Secrecy Act compliance), third-party relationships and interest rate risk, according to David Baris, partner for BuckleySandler LLP in Washington, D.C. in Kent, Ohio.