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Why community banks should partner with fintechs

Independent Banker

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. of bankers are either strongly interested in or already working with fintechs in digital account opening. Matt Gallman, Drummond Community Bank. Quick Stat.

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Embracing fintech led to trouble for one small bank. So did the aftermath.

American Banker

Blue Ridge Bank in Virginia changed course after its rapid growth in the fintech partnership business landed it in hot water. But the path back to a traditional community banking model is also proving to be bumpy.

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Blue Ridge and Aeldra Partner to Help Underserved Cross-Border Clients

Banking Exchange

Virginia-based bank seeks to boost banking access for overseas companies with US banking needs Community Banking Feature3 Fintech Feature Financial Trends Mobile Online Tech Management.

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Embattled Blue Ridge Bankshares lands $150 million capital infusion

American Banker

Bank investor Kenneth Lehman and investment firm Castle Creek are providing the funds to the Virginia-based bank, whose fintech friendly strategy has gotten it in trouble with regulators. The bank's stock has sunk 70% this year.

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This Virginia bank wants to rewrite the rules for banking as a service

American Banker

MainStreet Bancshares in Fairfax says it can succeed where others have run into some thorny regulatory problems by cutting out the middleware and linking fintech partners directly to its core.

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Blue Ridge Bank's CEO describes plan to get out of the penalty box

American Banker

Billy Beale joined the small Virginia bank in May, several months after its fintech partnership strategy landed it in hot water with regulators. There's still a lot of just blocking and tackling that we've got to do to get the bank to work the way it's supposed to," he says.

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A West Virginia bank's bet on gambling and fintech is paying off

American Banker

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