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Redefining what it means to be a ‘community’ bank

BankInovation

SAN FRANCISCORegional banks and credit unions should redefine what it means to be a “community” financial institution when considering new technologies to tap into underserved customer groups. “I love the idea of changing the way we think about community banks from, instead of the community that’s near us, is there a niche community of customers (..)

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The community banks standing by hospitality customers

Independent Banker

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. MainStreet Bank has a sizable hotel loan portfolio with roughly $100 million in loans on 15 properties. Sushil Patel, State Bank of Texas.

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ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Kennebec Savings Bank.

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Five Star Bancorp aims to capitalize on San Francisco market turmoil

American Banker

The Roseville, California institution is expanding into the Bay Area in hopes that it can land new clients and lenders in the wake of two large regional failures there this year.

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FinTech Plaid Teams With Banking Platform Jack Henry

PYMNTS

Our partnership with Jack Henry helps us bring Plaid Exchange to hundreds of regional and community banks, and helps ensure millions of people can access digital finance apps and services no matter where they choose to bank, invest and manage their money,” Karvounis added.

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Cambodia, Singapore In X-Border FinTech Pact

PYMNTS

The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions. Deputy Managing Director of MAS Jacqueline Loh said the relationship demonstrates a FinTech that may extend to other countries in the ASEAN region.

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Mack to Lead Wells Fargo Community Banking; Tolstedt Retiring

American Banker

Mary Mack will step down as head of Wells Fargo Advisors in order to take on a bigger role in overseeing the company's Community Banking unit. Mack is replacing Carrie Tolstedt, who is retiring after 27 years at the San Francisco-based company.