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7 ways community banks can boost profitability

Independent Banker

Here’s what community bankers need to know when planning their budgets for the next year. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. Build a lending niche. By Cheryl Winokur Munk. Quick stat. Paul, Minn.,

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Credit Unions Stand Up to Serve Those Who Need Them Now

Filene

Credit unions exist to serve the needs of their community of members who collectively own, oversee and guide the business. Credit unions are there for their communities when others are not. It is with that mission and principle at heart that 13 credit unions are participating in our Non-Citizen Lending Program.

El Paso 28
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Virtual card issuance.

Online 98
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GonzoBanker Awards 2017

Gonzobanker

Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. For 35 years, Wilmers led M&T with creativity, integrity and the “old-school” wisdom of a community banker who created a $26 billion market cap company. Oh, by the way, that Fintech darling of two years ago Lending Club?

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Giving Customers Credit

Fintech Labs Insights

Even with a 20-year track record in business and great personal credit scores, without that regular paycheck and W-2 documentation, it was maddeningly hard to get a new mortgage, refi, or even a car loan or credit card sometimes. This story had a happy ending as the couple was able to refinance through super community bank Umpqua.

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Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25

Fintech Labs Insights

Three Finovate alums brought in new cash: Kreditech raised $11 million for its banking and lending services for the underbanked. Here are the fintech deals by size from 19 March to 25 March 2016: Open Lending. Automated lending solutions for financial institutions. Automated lending solutions for financial institutions.

Company 12
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Alt-Branch Banking: Be the Home for the Home

Fintech Labs Insights

Lending, and banking, small businesses. Traditional home equity lending : Installment loans, lines of credit, and so on. can’t provide a flow of inbound leads to the agents; this is where established FI brands can leverage their standing in the community (within RESPA guidelines, naturally). Social media & PR champion.