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Why a community bank in Missouri is investing in core banking startup Neocova

Bank Innovation

For Brice Luetkemeyer, president and CEO of Bank of St. Elizabeth, a Missouri-based community bank with $150 million in assets, investing in a core banking startup is critical for its future. Together with a group of other community banks, Bank of St.

Missouri 221
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Thurlow Describes Innovation Journey, Core Advocacy

ABA Community Banking

In keynote remarks last night at the St. Louis Fed’s community banking research conference, bank CEO Julieann Thurlow outlined Massachusetts-based Reading Cooperative Bank’s innovation journey and how it improved financial inclusion in the communities it serves.

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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to the St. Louis Fed : [S]mall-business loans—i.e., loans less than $1 million—accounted for 12.6%, 11.1% It also helps to understand how those issues affect borrowers. economic ecosystem.

Lending 243
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to numbers from the St. Louis Fed : [S]mall-business loans—i.e., loans less than $1 million—accounted for 12.6%, 11.1% It also helps to understand how those issues affect borrowers.

Lending 195