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Rinse Clothing Service Raises $14M To Expand To Boston, Chicago And Beyond

PYMNTS

Rinse has a solution for both, and thanks to a $14 million Series B funding round led by Partech, it’s taking that solution to two new cities: Boston and Chicago. The $14 million of funding Rinse recently secured will not be going into the company’s tech as much as into building out its team as it looks to launch in new markets.

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CRE risk management: Navigating hazards and opportunities

Abrigo

Takeaway 2 Advisors recommend that financial institutions look behind some of the headlines and examine their own markets before ruling out CRE altogether. But understanding trends in their own portfolios and local markets can allow lenders to identify risk-appropriate CRE credits. They’re not your hometown.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

He sensed the family’s passion and liked their idea of starting with selling milk at farmers’ markets, roadside shops and small grocery stores. In each new market opened in 2021, the community bank found an experienced ag lender who was seeking a new position. Security Bank Midwest. Security Bank. Bunnell listened.

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CRE Credit Risk – What You Need To Know Now

South State Correspondent

While the market focuses on deposits and liquidity, media pundits and analysts are waiting for credit problems to appear. 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). touched off a wave of bankruptcies.

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Deep Dive: An Automated Approach To The $2T Global Money Laundering Problem

PYMNTS

The term “money laundering” is believed to have originated as a result of infamous Chicago gangster Al Capone’s habit of channeling criminally obtained funds through laundromats, as their cash-heavy nature made it more difficult for the right side of the law to detect such money mixed in among legitimate payments.

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B2B FinTech Firms Brace For Growth With New VC

PYMNTS

Reports in the Financial Times earlier this week revealed that investors are advising startups to hold on to cash and gather reserves to remain stable amid any market uncertainties. With on-demand services like Airbnb landing a greater share of the business travel market, other players looking to compete are coming in fast.

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NY Mag To Open Pop-Up Shop; Amazon Go Plans New York Store

PYMNTS

It’s a marketing and brand awareness play,” Cho told Digiday. According to Recode , the Amazon Go store will be located adjacent to Brookfield Place’s Winter Garden atrium, near the security desk in front of the American Express office tower and an Oliver Peoples eyewear store. In other news, Sears Holdings Corp.

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