article thumbnail

Fed Looks To Small Banks To Bail Out SMBs

PYMNTS

The Federal Reserve is looking toward a time-worn source to help with bailing out many smaller businesses and individuals as they enlist smaller regional and local banks for the job. One such bank is New Jersey-based OceansFirst, with its 118-year-old history and assets numbering $10.2

article thumbnail

Duly Authorized

Independent Banker

With wire fraud on the rise, community banks have to step up precautions to protect themselves and their customers. They have the money and, in theory, they are vulnerable,” adds Terri Sands, director of payments and fraud prevention for State Bank & Trust in Atlanta, a $3.3 billion-asset community bank.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Business Trend Lines

Independent Banker

Mark Vis, a real estate and commercial loan officer with First State Bank Southwest, a $250 million-asset community bank in Worthington, Minn., This ups the ante for banks courting certain business owners, particularly those managing startup companies. Morton, a senior lender at the $120 million-asset community bank.

Trends 79
article thumbnail

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 Mental cobwebs of outdated perceptions can sometimes be hard for a community bank to shake off.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.

article thumbnail

The 2022 GonzoBanker Awards

Gonzobanker

Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. Let’s see how this new scale allows for big investments in future innovation. Goes to New England Federal Credit Union and Vermont State Credit Union.

Community 216
article thumbnail

Banking's Top 5 in Total Return to Shareholders: 2017 Edition

Jeff For Banks

billion in asset company headquartered in West Virginia, providing community banking services primarily in the Eastern Panhandle and South Central regions of the state, and the Northern and Shenandoah Valley regions of Virginia. is the holding company for Parke Bank, a $1.1 million on assets of $1.4

article thumbnail

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