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The benefits of micro-lending programs

Independent Banker

which operates $12 billion-asset OceanFirst Bank N.A. There is a lot of time and energy spent, not only making sure that credit decisions are appropriate, but also managing the compliance aspect,” Maher says. in Toms River, N.J. Jenny Bennett, market president at $850 million-asset Summit Bank in Eugene, Ore., saw something similar.

Lending 150
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Community Banking According to Andy

Jeff For Banks

One of my tweeps (Twitter friends), is Andy Schornack, CEO of Flagship Bank Minnesota, based in Wayzata. 2/ @Schornack The primary asset of the organization was Flagship Bank Minnesota, a Member FDIC and Equal Housing Lender with two locations in the Twin Cities Metro Area. I suggest following Andy on Twitter. million in loans.

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The community banks standing by hospitality customers

Independent Banker

State Bank of Texas, led by president Sushil Patel (center), has a niche working with hospitality customers like Reena and Arun Patel, who own and operate a La Quinta hotel in Dallas. The bank also helped hotel operators obtain Paycheck Protection Program (PPP) loans. Photo: R.J. billion-asset, family-owned community bank.

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IPO Surpasses Expectations For Payroll Firm Ceridian

PYMNTS

Ceridian Holdings, the owner of human capital management software Dayforce, completed what the publication said was the largest initial public offering (IPO) in the history of its home state of Minnesota, surpassing expectations when it closed at $22 a share. Analyst estimates had predicted between $19 and $21 per share.

Minnesota 100
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Is commercial lending on the rise?

Independent Banker

Ashley Horner (right), senior vice president and SBA loan administrator, shown with portfolio manager Melanie Elmore, says Summit Bank is on track to make $30 million in SBA loans this year. billion in capital to businesses across its traditional products: 7(a), 504 and microloan programs. Photo: Jon Christopher Meyers.

Lending 158
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The 2023 GonzoBanker Awards

Gonzobanker

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Merger of Equals Deal of the Year (Credit Union) – Spire Credit Union and Hiway Credit Union put 2+2 together to make a $4 billion institution in the Minnesota market. and Summit Financial Group, Inc.

Fintech 194
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. We worked with them with loans to buy equipment and vehicles for delivery and the beginning operational cash needs of the business,” Bunnell says. By Ed Avis.