Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Critical capital Should CRE lending be off the table? But that might not be the best move for your financial institution or your community. They’re not your hometown.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

JANUARY 18, 2021

Reports in ABC 7 Chicago said the FTC is notifying small business owners about the threat of an email scam, with messages issued to businesses claiming to be from the Small Business Administration Office of Disaster Assistance. 250,000 in loan offerings are appearing in a new COVID-19 scam targeting small businesses , the U.S.

Community 219

Community Fraud Taxes Massachusetts 219

PYMNTS

SEPTEMBER 25, 2020

The grants are part of the San Jose, California-based worldwide online payments system’s $530 million pledge made earlier this year to strengthen minority communities and fight for economic equality and racial justice. “To

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San Jose Baltimore Nebraska Community 261

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). Those firms, noted The Chicago Sun Times , would still be subject to federal laws (and possible prosecution under those laws). “I

Lending 128

Lending Illinois Compliance Chicago 128

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 2 Far fewer financial institutions regularly participate in SBA (7a) lending than the more than 5,000 that joined the PPP. . Why SBA Lending? Want other articles like this on SBA loan origination in your inbox?

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Lending FDIC Capital Risk Management 195

PYMNTS

AUGUST 20, 2020

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? They are also too large to get funding through programs solely focused on small business lending.

Maine 218

Maine Lending Pennsylvania Boston 218

American Banker

AUGUST 16, 2016

The Ohio company is eager to rev up SBA lending in the Windy City now that it has closed on its purchase of FirstMerit. CEO Steve Steinour also credits his company's willingness to make big upfront community commitments for a seamless approval process.

Lending 28

Lending Chicago Ohio Community 28

PopularBank

APRIL 3, 2024

A study from the University of Chicago found the number of retirees within that segment will nearly double in the next 10 years. Review fees and fee structures to determine the optimal pricing model for the community. Enhance amenities. Rebrand services and common areas to get the most out of your renovations.

Community 52

Community Operations Arizona United States 52

Abrigo

DECEMBER 26, 2014

Utilizing the Bank Information platform, Sageworks recently released a ranking of the top mortgage lending credit unions in the U.S. In a lending segment once cornered by banks, credit unions are making an impact for those looking to purchase their own home. Bruemmer, executive vice president for Landmark Credit Union.

Regional 186

Regional Milwaukee Lending Washington 186

American Banker

OCTOBER 13, 2016

West Town Bancorp in Illinois has revved up its government-backed lending to small businesses, making it a good example of how community banks can outhustle big lenders in the quest for new sources of fee income.

Chicago 28

Chicago Illinois Community Bank Lending 28

American Banker

JULY 17, 2023

An executive with the Federal Home Loan Bank of Chicago pushes back on a BankThink article criticizing the Mortgage Partnership Finance program.

Chicago 53

Chicago Community Bank Community Lending 53

CFPB Monitor

JULY 20, 2020

The complaint in general asserts that during the period of January 1, 2014 through December 31, 2017 (the “relevant period”), Townestone, which principally lent in the Chicago Metropolitan Statistical Area (MSA) during the relevant period, redlined majority and high-majority African-American neighborhoods in the Chicago MSA.

Chicago 147

Chicago Regulation Community Marketing 147

CFPB Monitor

AUGUST 22, 2016

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Community Bank Advisory Council Members. Sarah Marshall, Chief Executive Officer, North Side Community Federal Credit Union, Chicago, IL.

San Antonio 60

San Antonio Kansas City Groups CA 60

Fintech Labs Insights

MARCH 14, 2024

For financial marketers, especially those in credit unions and community banks, the biggest event of the year, The Financial Brand Forum , is just two months away. For the most part, early-bird (or very-early-bird) prices are still in effect, so you can easily save $1,000 or more on a pair of tickets. But there is much more to choose from.

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Conference Fintech Marketing Las Vegas 15

Gonzobanker

DECEMBER 22, 2020

And how did community banks and credit unions respond to the COVID craziness? Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. Jill is continually demonstrating just how loud a $300 million community bank can roar!

Idaho 181

Idaho Community Industry Strategy 181

Gonzobanker

DECEMBER 17, 2021

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Like how does that play into our communities? 82% to over 2.3% Inspirational? You tell us.

Fintech 147

Fintech Strategy Leadership Lending 147

CFPB Monitor

SEPTEMBER 22, 2015

On September 17, I had the opportunity to speak on a panel at the American Bar Association’s Consumer Financial Services Committee meeting in Chicago (which was held as a part of the ABA Business Law Section Annual Meeting), covering the topic of how financial institutions can serve consumers with limited English proficiency (LEP).

Lending 60

Lending Regulation Guidelines Chicago 60

Independent Banker

SEPTEMBER 26, 2014

Even though the industry identified several major regulatory burdens, including those posed by the Truth in Lending Act and the Home Mortgage Disclosure Act, few substantive regulations were repealed. Many community bankers concluded that the EGRPRA is little more than a “check the box” process for regulators. Starting fresh.

Washington 70

Washington Fort Worth Regulation Community Bank 70

American Banker

AUGUST 22, 2016

The Windy City is littered with small, privately held banks, some of which are looking to sell. Here is an overview of the challenges — and possible solutions — faced by those banks and ones like them in clogged banking markets around the country.

Chicago 28

Chicago Marketing Community Bank Regional 28

Gonzobanker

JANUARY 4, 2016

There is strength in numbers, and there’s absolutely no reason for community bankers to try to compete against players a hundred times bigger on their own. Tackling the topic of digital signatures , CIOs developed a specific action plan for incorporating Docusign technology into the commercial lending process. CREDIT UNION ROUNDTABLES.

San Diego 60

San Diego Phoenix social media Strategy 60

South State Correspondent

APRIL 10, 2023

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). The risk here is that community banks continue to take on an above-average amount of CRE credit exposure. This article explores the risk and what to do about it.

Community Bank 195

Community Bank Community Los Angeles Regional 195

American Banker

SEPTEMBER 28, 2016

LOUIS – Risk management is critical as small banks aim to make money in a low-rate environment.

St. Louis 28

St. Louis Chicago Risk Management Management 28

American Banker

OCTOBER 20, 2016

Signature Bank in New York reported a sharp decline in quarterly profits after suffering steep losses on its Chicago portfolio of taxi medallion loans.

Chicago 28

Chicago New York Report Regional 28

NCR

SEPTEMBER 16, 2016

But despite all the talk of modernization and the showy Branch of the Future concept locations in big cities, in many cases it’s the small towns and rural communities that are on the front lines of this impending sea change. Face-to-face interaction has a different, tangible value in smaller communities.

Community 40

Community New York City Management US 40

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. 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. Ag lending in the South: Relationships matter.

Community Bank 172

Community Bank Community National Philadelphia 172

Gonzobanker

NOVEMBER 18, 2014

So, isn’t retail delivery about consumer lending? Where is the digital engagement energy? And, there was not a single vendor of any sort showing even the beginnings of an approach/solution for social media. Online delivery? What’s very puzzling is the lack of solutions being shown for the channels where consumers are heading.

Chicago 98

Chicago Retail Branch Design Training 98

CB Insights

FEBRUARY 13, 2020

Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Business lending and corporate cards. Most recently, Stripe has launched a Corporate Card and a Lending product geared towards small businesses. Fraud prevention tools. Supporting merchant partner growth. Source: Stripe.

Online 98

Online Company Retail Payments 98

Gonzobanker

FEBRUARY 18, 2015

What we do is really not that self-important; we borrow money from businesses and consumers and lend it back to them. I do wish, however, that some presenter had pined that there is still a place for mid-size banks that grow organically and have deep roots in the communities they serve. $5 5 billion is the new floor.

Conference 60

Conference Community Phoenix Arizona 60

Fintech Labs Insights

MARCH 22, 2016

million for its P2P lending platform for small businesses. Alt-lender focused on lending against existing automobile titles. HQ: Chicago, Illinois. P2P real estate lending marketplace. Peer-to-peer lending marketplace. Tags: SMB, lending, P2P, peer-to-peer, underwriting, credit, investing, Finovate alum.

Company 12

Company New York City Fintech Colorado 12

Fintech Labs Insights

MAY 21, 2015

It was a broad mix of sub-sectors, from crypto (Ripple) to lending. Tools and programs for alt-lending to businesses. HQ: Chicago, Illionois. Online network for private equity community. HQ: Chicago, Illinois. Bitcoin-denominated P2P lending. Tags: lending, lead gen, SMB. Actiance $28 million.

San Francisco 12

San Francisco New York City Company California 12

Jeff For Banks

APRIL 14, 2022

Cyril The Growth of Chicago Banks: Volumes 1 & 2 1938 Marquis James James, Marquis Biography of a Bank: The Story of Bank of America N.T. Bye Bye Banks: The End of Community Banking as an Engine of Economic Growth 2010 Robert H. The Maze of Banking: History, Theory, Crisis 2015 Gary B. Gorton Gorton, Gary B. Isaac Isaac, William M.

America 78

America National Denver United States 78

Gonzobanker

DECEMBER 19, 2016

Since Richman and about 100 other bankers from LaSalle Bank in Chicago joined PrivateBancorp nearly a decade ago, the bank has grown to an $18 billion solid niche player with $10 billion in assets under management. The 2016 Gonzo Marketing Medal – Goes to Elevations Credit Union for its “Egg Lending” campaign. Check it out on YouTube.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Since Richman and about 100 other bankers from LaSalle Bank in Chicago joined PrivateBancorp nearly a decade ago, the bank has grown to an $18 billion solid niche player with $10 billion in assets under management. The 2016 Gonzo Marketing Medal – Goes to Elevations Credit Union for its “Egg Lending” campaign. Check it out on YouTube.

Utah 60

Utah System Community Marketing 60

PYMNTS

DECEMBER 11, 2017

But why then, you might ask, are so many pure-play eTailers, whose target audience is the millennial — like The RealReal and Rent The Runway , new marketplaces like OfferUp , deal aggregators like Groupon , alt lenders like SoFi and alt lending platforms like LendingTree — buying pricey blocks of airtime on CNN and CNBC to promote their brands?

Millennials 109

Millennials Video Maine Operations 109

CB Insights

NOVEMBER 9, 2017

via Chicago Tribune. Select VC Investors: VantagePoint Capital Partners, Lend Lease Ventures. Select VC Investors: Community Investment Management, Brevet Capital Management, Trinity Ventures, Giles Raymond. Select VC Investors: Community Investment Management, Brevet Capital Management, Trinity Ventures, Giles Raymond.

Capital 78

Capital Company San Francisco Operations 78

CB Insights

OCTOBER 31, 2017

Fresco’s head of community marketing, Johnathan Hamiter, began sending employees private Slack messages saying funding seemed “pretty bleak” and encouraging them to look for other jobs. Imzy was created by former Reddit employees Dan McComas and Jessica Moreno as a safer, friendlier version of the popular community site. Around 4 p.m.,

Company 78

Company US San Francisco Capital 78

PYMNTS

APRIL 16, 2018

Chicago and San Francisco. Community Financial Services Association of America, the payday lending trade group, has officially filed a lawsuit against the Consumer Financial Protection Bureau to stop its highly controversial payday lending rule from going into place. The CFPB. .

San Francisco 101

San Francisco Taxes Lending Branding 101