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CRE risk management: Navigating hazards and opportunities

Abrigo

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters.

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RVshare Nets $100M In Funding, Seeks To Rev Up RV Rentals

PYMNTS

Akron, Ohio-based RVshare has landed more than $100 million in a fundraising round led by global investment firm KKR , with participation by existing investor Tritium Partners. Jon and team have proven they can deliver explosive growth with impressive capital efficiency.”.

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New Unemployment Claims Down 48K To 709K

PYMNTS

The COVID-19 vaccine is expected to have a positive effect on the labor market and other areas of the economy. Continued jobless claims — people filing for more than two weeks in a row — were 6.8 The highest insured unemployment rates in the week ending Oct. and Alaska (6.1). The highest insured unemployment rates in the week ending Oct.

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

Abrigo

This lack of access to financial services hinders these businesses’ abilities to gain a market foothold and contributes to the flourishing of an unregulated, underground marketplace. Sherrod Brown, D-Ohio, in the same hearing.

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Stress testing revisited to avert risk and improve risk ratings

Abrigo

Avert Risk The OCC’s October 2012 Supervisory Guidance notes that financial institutions that perform stress testing “have the ability to minimize the impact of negative market developments more effectively” than those that do not have a stress testing process in place.

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Payroll Faces Cyber Threats From All Sides

PYMNTS

Your marketing staff shouldn’t need or be allowed to view employee payroll data.”. Last month, reports in local Ohio news outlet Journal News reported on the thousands of dollars in government funds diverted into a cyberattacker’s bank account after an attack on government systems’ payroll platforms.

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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 One Community Bank has excellent relationships with the nonbank small business advisory programs in its south-central Wisconsin market. Evans Bank.