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CRE risk management: Navigating hazards and opportunities

Abrigo

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters.

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Tech Center: Chicago On Deck

PYMNTS

Chicago is more than just the place the Chicago Cubs and Bulls call home. Bubbling under the surface of Chicago lies an up-and-coming tech center. Given that many large cities in the United States have increasingly become places for tech startups, it’s natural to see Chicago as one of the next tech centers.

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Best Community Banks to Work For 2022

Independent Banker

Community Financial Services Bank, Benton, Ky.; In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. Clockwise from top left: Grand Ridge National Bank, Wheaton, Ill.; Bank of Montana, Missoula, Mont.;

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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. By Cheryl Winokur Munk. Quick stat. Source: 2021 Provident Bank survey.

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Colleagues Come Together to Donate Over $20,000 to Support Those in Hunger Around the World

Perficient

Hundreds of our colleagues used their $100 and creativity to tackle food insecurity in their communities, contributing tens of thousands of dollars to the fight against hunger. Local and national non-profits were both represented, and many colleagues chose to give back to organizations that were unique to their community. .

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COVID-19 Scams Target The Business Community

PYMNTS

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.

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Facebook Is Getting More Community-Minded

PYMNTS

In a posting on his Facebook page, CEO Mark Zuckerberg shared the news that the social network company’s new mission is to “give people the power to build community and bring the world closer together.” To support that effort, Zuckerberg is in Chicago meeting with people who run Facebook groups. “If

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