article thumbnail

Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

article thumbnail

Republic First got a hand up from investors. Is it out of the woods?

American Banker

A $35 million capital bump from a once-hostile investor group may have helped the Philadelphia bank avoid collapse. Still, it reported $30 million of quarterly operating losses and heavy securities risk in a recently filed call report.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Community Financial Institutions: Parking Lot for the Benjamins

Jeff For Banks

This has kept investment options for community financial institutions at historic lows. Community FIs are experiencing similar activity from their Main Street customers. From December 31, 2009 through June 30, 2011, deposits for all FDIC insured depositories increased 5.84%. Low loan demand further exasperates the challenge.

article thumbnail

The top-performing community banks of 2021

Independent Banker

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success. Philadelphia.

article thumbnail

ATMIA Weighs In On Cashless Retail Ban Debate

PYMNTS

A similar ban has already passed in New Jersey and similar legislation has been backed by legislators in Philadelphia and signed into law this past week. Council member and bill sponsor Ritchie Torres has said the ban is a way to make sure lower income communities, and those of color, are not shut out of marketplaces.

Retail 129
article thumbnail

The 35 Biggest Banking, Mortgage & BankTech Events in 2023

Fintech Labs Insights

Fintech Summit Orlando, FL 16-May-23 18-May-23 FinovateSpring San Francisco 23-May-23 25-May-23 Seamless Middle East Dubai 23-May-23 24-May-23 Big Bank Theory by Tearsheet NYC 31-May-23 31-May-23 Money 20/20 Europe Amsterdam 6-Jun-23 8-Jun-23 Digital Banking by American Banker Boca Raton, FL 12-Jun-23 14-Jun-23 Finovate Edge Asia Virtual 14-Jun-23 (..)

article thumbnail

Who were ICBA’s Top Lenders of 2022?

Independent Banker

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. First Community Bank of the Heartland, Inc.