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California bank bets on two new markets to reverse lending slump

American Banker

Sierra Bancorp in Porterville has formed dedicated lending teams in Sacramento and Greater Los Angeles in its bid to accelerate loan growth following a sluggish 2019.

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Banc of California to terminate soccer stadium agreement

American Banker

The company will incur an upfront fee but will save $7 million a year by walking away from a deal with the Los Angeles Football Club.

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CFPB announces new appointments to advisory groups

CFPB Monitor

The CFPB announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. New members to the Consumer Advisory Board will serve three-year terms and new members to the Community Bank and Credit Union Advisory Councils will serve two-year terms.

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National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

The SBA offers the “three Cs” to help aspiring entrepreneurs start up and scale up by making counseling available, providing more choices and chances to secure capital, and by helping them seize market opportunities to commercialize their ideas.

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The Untapped Power of Brand in Banking

Jeff For Banks

“Our money is the same as the bank’s down the street.” And so were the Uber cars in my recent trips to Los Angeles and Nashville. Ask the Experts My firm is not a marketing or branding firm. Tim had great insights for banks on brand. But something was different. So, if you are asking, “what does brand get you?”,

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank. He chose to compete in the women’s luxury segment and looked for a gap in the market. COI marketing for banks should always be a top priority.

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Banking Economies of Scale Revisited

Jeff For Banks

I also noted in my most recent and in all of my past Top 5 total return posts that community banks deliver superior returns to their larger brethren. One example is German American Bank, highlighted in American Banker's Community Banker of the Year issue, and on this blog. It is a $3B bank with a 55% efficiency ratio.