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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

With mortgage rates down in the US , many homebuyers are looking locally to their community banks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending.

Cleveland 150
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Five Straight Years on Top

Independent Banker

Detroit Lakes, Minn. The employees of Midwest Bank are pleased that the bank is featured as an ICBA high-performing community bank and are especially pleased that it represents the fifth straight year of this recognition. Lastly, everyone at Midwest Bank realizes our success is also a function of the communities in which we operate.

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15 Minutes With … Scott Badley

Independent Banker

Badley: We have a cool blend of communities. Some are heavily farming communities. But a couple are pushing up against the metro Detroit area. Collectively, we’re positioned where we can have customers and employees from a couple bigger areas (such as the communities of Lapeer and Port Huron). It is not necessary.

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VC Seems To Fizzle Out For B2B FinTechs

PYMNTS

Alternative Lending. While the challenger bank community has received the most attention in the U.K., Draper Triangle, Baird Capital, Detroit Venture Partners, Invest Michigan and CU Solutions Group all participated in the funding, reports in Crain’s Detroit said, adding that all were previous backers of the company.

Fintech 100
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Ally Financial Acquires TradeKing for $275 Million

Fintech Labs Insights

TradeKing an online brokerage firm that prides itself on straightforward, low pricing has been acquired by Detroit-based Ally Financial (NYSE: ALLY), a publicly-traded financial services company primarily known for auto-lending. In the early days of Finovate TradeKing presented the TradeKing Community at FinovateSpring 2008.

Detroit 12
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The Mother List of All Banking Books

Jeff For Banks

Bye Bye Banks: The End of Community Banking as an Engine of Economic Growth 2010 Robert H. Detroit and Its Banks: The Story of Detroit Bank & Trust 1974 Bob Woodward Woodward, Bob Maestro: Greenspan's Fed And The American Boom 2000 Robert Wright Wright, Robert Genealogy of American Finance 2015 Robert E.

America 78