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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

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OnDeck’s ODX Digitizes Investors Bank SMB Lending Platform

PYMNTS

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

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Popular Bank Implements Branch Realignment in the New York Metro Region to Enhance Focus on Communities and Small Business Support

PopularBank

The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc. New York Metro.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

The tri-state area (New York, New Jersey and Connecticut) saw the highest growth in the district, an impressive 7 percent. The OCC plans to implement the following: • Risk management for new and high growth loan products. The OCC on Oct. This metric surged from 2 percent as of June 30, 2013, to 4.4

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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

REITs are not exactly a source of good or even consistent news these days. Just this week, investors in Starwood Capital Group started to show signs of strain after the pandemic shuttered stores and wiped out emergency cash reserves, leading to default on a $700 million loan.

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Popular Celebrates 127 Years of Service to our Communities

PopularBank

A Message from Popular Bank Chief Operating Officer Manuel Chinea. I am proud to share that Popular’s commitment to meeting the diverse and growing needs of our customers and communities across all our regions is stronger than ever before. On October 5, Popular will proudly celebrate our 127 th year of service.

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The 2019 GonzoBanker Awards

Gonzobanker

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. picks up Bancorp of New Jersey, Inc. The Tech Award – Goes to Capital One.

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