article thumbnail

CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 3 Loan-level stress testing can help assess repricing risk, while capital stress testing helps clarify the impact of CRE loan losses on capital. at big banks.

article thumbnail

Deliverr Raises $7.1M In Venture Funding Led By 8VC

PYMNTS

According to reports citing the company, the Series A round of venture funding was led by 8VC, the venture capital company. Deliverr has ten warehouses in states including Texas, Missouri, Pennsylvania, Ohio, and New Jersey. Deliverr said it will use the funding to grow its team and ink more partnerships with more online retailers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Express Inc. Net Sales Drop 53 Pct Amid Pandemic

PYMNTS

The company debuted a bolstered buy online, pick up in store ( BOPIS ) customer experience in some locations, with plans to expand that capability to the complete store base by the close of Q3. Additionally, Express said it decreased its forecasted yearly capital expenditures by roughly $25 million.

Columbus 130
article thumbnail

The Limited: Out With Stores, In With eCommerce

PYMNTS

28, the Limited brand filed a WARN notice with the Ohio Department of Job and Family Services, which included a statement that “a mass layoff” — up to 248 employees — will occur and that its headquarters may be closing in New Albany, Ohio. However, it’s not clear how long the retailer will continue to sell items online.

Ohio 100
article thumbnail

The Limited Brand’s Days Could Be Limited

PYMNTS

28, the Limited brand filed a WARN notice with the Ohio Department of Job and Family Services, which included a statement that “a mass layoff” — up to 248 employees — will occur and that its headquarters may be closing in New Albany, Ohio. The letter was also sent to the company’s employees.

Ohio 100
article thumbnail

How the PPP + Technology Means MBL Growth and More for Credit Unions

Abrigo

Indeed, with in-person contact between members and staff prohibited by stay-at-home orders during the pandemic, credit unions relied on online loan applications to collect information from the deluge of prospective borrowers who sought funds in the first round of PPP funding. Capitalize on growth opportunities with new members.

article thumbnail

New England Confectionery Co. Sells For $18.8M At Auction

PYMNTS

Ohio-based Spangler Candy Company won the auction with a bid of just under $19 million, The Boston Globe reported. “We Spangler was among two other bidders: Round Hill Capital LLC and Gordon Brothers. With online grocery shopping, chewing gum and candy bars are out of sight and out of mind without, say, a checkout aisle.

Boston 100