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Why community banks should partner with fintechs

Independent Banker

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. Those conversations, he says, centered around whether community banks could compete against this brash group of newcomers. Photo by Pogonici/iStock. Quick Stat.

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West Virginia governor sues Virginia lender for $1 billion

American Banker

Jim Justice alleges that Carter Bancorp engineered a technical default on a multi-million lending relationship and has blocked his company's efforts to refinance with other lenders. The lawsuit extends a dispute that started after the death of the bank's founder in 2017.

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Clear Mountain Bank reaches new heights

Independent Banker

An event at EMS in June brought together (L–R) Clear Mountain Bank president/CEO Dave Thomas, ICBA president Rebeca Romero Rainey, FHLBank Pittsburgh president/CEO Winthrop Watson, and Tim Critchfield, EMS owner/president. Name: Clear Mountain Bank. Consider, for example, its commercial lending approach. By Mindy Charski.

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Small bank's rift with West Virginia governor widens

American Banker

After Carter Bankshares sought to auction one of his properties, Gov. Jim Justice promised to "push back like you can't imagine."

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Military Lending Act

Independent Banker

New Military Lending Act regulations kick in next fall. Following a three-year study on predatory lending, the U.S. Department of Defense has now issued the final rule to implement the Military Lending Act. Mary Thorson Wright , a former Federal Reserve managing examiner, is a financial writer in Virginia.

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First Guaranty hires lending team, expands into Kentucky, West Virginia

American Banker

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What SEC Filers Have Learned About CECL Implementation

Abrigo

Ours, who is Senior Vice President and Director of Credit Administration of Summit and its 32-location bank subsidiary, Summit Community Bank Inc., Lending & Credit Risk. During the webinar, Felicity Ours, CPA, CRC, of Summit Financial Group (NASDAQ: SMMF), a $2.2 Transition to CECL with confidence. Get started.