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Main Street Lending Program Broadened to Attract More Lenders, Borrowers

Abrigo

Key Takeaways The soon-to-begin Main Street Lending Program (MSLP) aims to fulfill a need for mid-sized businesses to access relief funds amid the coronavirus pandemic. While this is a promising sign, 13.3% While this is a promising sign, 13.3% to 13.3% – a far cry from the near 20% expected. What happened?

Maine 195
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Commercial Credit Trends – Where to Tread Carefully

South State Correspondent

This data is critical for pricing, capital allocation, and marketing. In 2021, we published articles warning bankers against higher rates (for example, HERE ) and the resulting impact on credit. We have seen the higher rates, and now bankers should brace for a credit shock. Lending is getting riskier. This quarter, it is 2.58%.

Trends 195
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SAFE Banking Act returns to Congress: Is safe harbor for cannabis banking on the horizon?

Abrigo

If signed into law, the SAFE Act would allow banks to provide services to cannabis-related businesses (CRBs) in states that have passed the legalization of marijuana in some form. According to a letter from the American Bankers Association (ABA) to the Senate Banking Committee, only about 11 percent of all U.S.

Lending 195
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10 Big and Small Ideas From Gartner and Money 20/20 – Recap

South State Correspondent

Our teams just returned from back-to-back weeks at the Gartner Symposium in Orlando and Money 20/20 in Las Vegas. Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Despite those challenges, we pulled out the top ten needle-moving ideas and ten smaller, exciting ideas to bring to your organization.

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Deposit Marketing In the Age of Machine Learning

South State Correspondent

” Marketing would then put together some ideas for a print or digital campaign; Retail would sign off on it, and then they would roll it out. Ironically, the main metric for success would be the dollars of deposits that were raised. The Wrong Way to Handle Deposit Marketing. This is suboptimal deposit marketing.

Marketing 195
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First New Community Bank In Decades Headed To US Market

PYMNTS

In an interview with American Banker earlier this month, Trustar CEO Shaza Andersen said the institution could open its doors as early as this June, with plans to raise up to $50 million in initial capital, the publication said. Bloomberg listed Casey G. Mauldin as MOXY’s Chief Executive Officer, with William M.

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ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

Location: Augusta, Maine. Silsby, president and CEO of Kennebec Savings Bank in Augusta, Maine, was on the ground helping that day. Bob Moore, Augusta Food Bank’s executive director, says traffic was backed up for miles. Last year was earth-shattering in many ways. Exceptional Community Bank Service Award. Kennebec Savings Bank.