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Business Trend Lines

Independent Banker

Increased competition from online lenders. Mark Vis, a real estate and commercial loan officer with First State Bank Southwest, a $250 million-asset community bank in Worthington, Minn., has seen more competition from online lenders. Morton, a senior lender at the $120 million-asset community bank.

Trends 79
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Shaping the Message

Independent Banker

“It’s becoming more and more important for community banks to emphasize that they have the same products and services as large banks.” Eric Morse, Needham Bank. Mental cobwebs of outdated perceptions can sometimes be hard for a community bank to shake off. billion-asset community bank in Needham, Mass.

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The 2019 GonzoBanker Awards

Gonzobanker

Bank Acquisition of the Year. picks up Bancorp of New Jersey, Inc. A slam dunk in market acquisition of a bank with the same core system and eight of nine Bancorp branches within walking distance of ConnectOne branches. ConnectOne Bancorp, Inc. Hats off to Frank Sorrentino and team. . Well done, sir!

Idaho 148
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B2B Investors Set Sights On Data, AI, Analytics

PYMNTS

Cross River Bank. Though not venture capital, the private equity raised for New Jersey-chartered community bank Cross River Bank is noteworthy not only for its impressive price tag of $100 million, but for its reflection of investors’ support for financial institutions that collaborate with the tech startup scene.

Analytics 176