Community Bank Document Security Taxes 
South State Correspondent
MARCH 21, 2023
The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. In 2020, the U.S.
Abrigo
JANUARY 17, 2023
Takeaway 1 Many financial institutions used a customer portal for PPP, but once the program ended, went back to old manual processes, Takeaway 2 Automating lending provides a secure portal between the bank and customer and automated workflows that speed origination. In my experience, community banks only do what they have to do.
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Abrigo
DECEMBER 8, 2016
As community banks and credit unions look toward 2017, many will be focusing on small business lending for loan portfolio growth, according to a recent Sageworks poll. However, small business lending comes with some unique challenges that banks and credit unions will need to address in order to grow their business lending portfolios.
Abrigo
FEBRUARY 23, 2023
Meanwhile, leaders at small banks recognize that their institutions play a vital role in helping community businesses and individuals not only weather uncertainty but also thrive. How can community financial institution leaders manage their challenges and seize their opportunities at the same time? The result?
Independent Banker
OCTOBER 31, 2021
“I’m not sure how we would have processed all of the PPP loans and everything else in the last 18 months without some of the technology that we have implemented,” says Chris Jundt, senior vice president and chief lending officer at First State Bank & Trust. Northpointe Bank in Grand Rapids, Mich., Cashing in on efficiencies.
Gonzobanker
MAY 31, 2019
article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.” Institutions are “spreading” financial statements for electronically provided tax returns or financial statements.
Abrigo
MAY 5, 2017
And why not publish the list of documents required for a credit application, along with a description of the standard process? Providing information will help the borrower have realistic expectations and address some concerns with transparency and communication.”
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