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Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

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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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Afraid of Small Business Lending? Mid-Market Lenders Shouldn’t Be

FICO

FICO’s mid-market bank and credit union clients tell us that it remains difficult for entrepreneurs and small business owners to acquire the credit they need to fuel their growth plans. Second, it’s expensive for all lenders to serve these smaller community businesses. There is good news for mid-market banks and credit unions.

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[Q&A Series] The Future of Healthcare: Momentum

Perficient

Cleveland Clinic saw 10 times the increase in volume from consumers. The delays that have been erased because of Covid-19 will lend themselves to fully virtual trials in the future. With the government bringing reimbursement for telehealth on par with in-person visits, the need for telehealth just continues to grow.

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Payroll Fraud Could Cost KeyCorp $90M

PYMNTS

In a K-8 filing, KeyCorp, which is based in Cleveland, said the fraud involved a “business customer” and that it was discovered “on or about” July 9. percent and the company lost about $178 million from its market cap, dragging it to $17.56 The bank also recently announced an initiative to help local communities.

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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

Also in Europe, the European financial markets regulator has said that it wants to spend one million euros to promote market stability in the region as pertains to cryptocurrencies and FinTechs. community banks and small business lending. The one million euros will be spent through 2019, according to reports.

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Mortgage Man

Independent Banker

Matt Harms Cleveland State Bank in Cleveland, Wis. When there is a need at Cleveland State Bank in Cleveland, Wis., When another lender left the $103 million-asset community bank, Harms picked up her client load for months without complaint and then trained the new replacement staffer. By Kelly Pike.