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. • Nashville, Tennessee – Pinnacle Bank ($432 million). Flagstar capitalizes on going local, too. banks and credit unions.
PYMNTS
JUNE 24, 2016
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 .
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Independent Banker
OCTOBER 31, 2021
The standard allowance for loan and lease losses (ALLL) used to account for those losses didn’t offer a timely way to adjust regulatory capital. For those banks, early adoption is an option, but few if any community banks are choosing it, according to James Kendrick, ICBA’s first vice president of accounting and capital policy.
PYMNTS
FEBRUARY 15, 2018
Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. As was widely reported this past week, seven of them are trying to do so.
Fintech Labs Insights
MAY 4, 2015
Alten Capital. Baird Capital Partners. Capital One. Capital Source. Crosslink Capital. First Tennessee Bank. Foundation Capital. Lending Club. Metropolitan Capital. Quantum Capital. Sorenson Capital. Alliant Credit Union. Altpoint Ventures. America First Credit Union.
Independent Banker
APRIL 30, 2022
In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. If we were to have capital levels more in line with peer averages, we would barely be able to originate and keep mortgage loans of any size. . Mendenhall.
PYMNTS
APRIL 23, 2018
In 1916, Clarence Sanders opened the first self-service grocery store in Tennessee. All of these same forces are disrupting banking and lending. Banks have been lending for 150 years, yet it took Quicken Loans only 32 to capture the mortgage lending market. What’s an Intermediary to Do?
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