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Tech Center: Charlotte On The Edge of Tech Greatness

PYMNTS

Just west of the Research Triangle in North Carolina, Charlotte’s technology industry has been slowly growing over the past few years. million over the course of the next three years to build up a FinTech hub in Charlotte. As we reported about three weeks ago, Bank of America has announced its plans to invest $1.5

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Truist commits $40M to loan fund aimed at closing racial wealth gap

American Banker

The fund will support Community Development Financial Institutions that lend to minority- and women-owned businesses. The Charlotte, N.C., company is the latest big bank to make a large dollar commitment focused on alleviating racial and economic inequality.

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Chase Plans Expansion In Top US Markets In 2019

PYMNTS

The bank said about 30 percent of the branches will be in low or moderately low income communities. The new locations will include Charlotte, North Carolina; St. Over the next five years, the bank plans to open 400 new locations, which will need about 3,000 employees. To us, this is so much more than building branches.

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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

With mortgage rates down in the US , many homebuyers are looking locally to their community banks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending.

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Carolina Premier Hires Director of SBA Lending

American Banker

Carolina Premier Bank in Charlotte, N.C., has hired Don Jackson from Community One Bank in Asheboro, N.C., as director of Small Business Administration lending, a new position at the bank.

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Lending Focus – Interest Rate Sensitivity and Credit Accuracy. If you look back over any recession, it is the two years prior when banks make 80% of their lending mistakes. Many banks, for example, are still hyper-competitive in multifamily lending. That market share has come mainly from regional and community banks.

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Banking's Top 5 Total Return to Shareholders: 2023 Edition

Jeff For Banks

Communities First Financial Corporation (Now FFB Bancorp) (OTCQX: FFBB) #2. The bank was founded in 1907 and has operated continuously since 1908 with branches in Durham, Raleigh, Charlotte, Greensboro, and Winston-Salem. Treasury as a Community Development Financial Institution (CDFI). OFG Bancorp (NYSE: OFG) #4.

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