Remove Community Remove Florida Remove National Remove Technology
article thumbnail

A digital-first bank for south Florida

Independent Banker

Banking veteran Keith Costello cofounded Locality Bank, where he serves as president and CEO, to champion for south Florida small businesses financially affected by the pandemic. After looking at the consolidation in our market, we concluded that the lack of community banks was the reason.”. Keith Costello, Locality Bank.

Florida 91
article thumbnail

Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void. INTRUST Bank recently announced it is also taking part in the trend of collaborating with FinTechs.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Why (and How) a Community Bank Cultivates Crypto & Cannabis Clients

The Financial Brand

A small Florida bank seeks to fill a niche by serving riskier businesses — nationally — that other financial institutions shy away from. The post Why (and How) a Community Bank Cultivates Crypto & Cannabis Clients appeared first on The Financial Brand - Banking Trends, Analysis & Insights.

article thumbnail

These Are Your Most Profitable Cash Management Clients

South State Correspondent

For example, if you are a bank in California, Florida, New York, or Pennsylvania, going after private schools, colleges, or insurance companies should be considered due to not only the large number of target institutions but also the size of those institutions, which lends itself to having multiple banks.

article thumbnail

Tech Center: Orlando Dips Its Toes Into Tech Startup Water

PYMNTS

The city had a population of 270,934 in 2015, making it the 73rd largest city in the United States and the fourth largest in Florida. Here is an excerpt of the conversation: PYMNTS: Can you describe your personal and/or professional experience with the tech community in Orlando? Median household income (2015): $42,318.

Florida 110
article thumbnail

Who Will Use Self-Driving Cars?

PYMNTS

Consumers are more receptive to automated vehicle technology in limited applications. Similar sentiments were expressed in a study from the NAMIC (National Association of Mutual Insurance Companies). Beep piloted a public, IoT-enabled self-driving shuttle earlier this year in a Florida suburb.

Study 101
article thumbnail

Millennial Entrepreneurs’ Optimism Is Booming — Here’s Their Top Concern

PYMNTS

As millennials continue to grow their presence in the small business (SMB) community, the dynamics of SMB finance are also changing. They demand technology and an all-around better banking experience. Whether financial institutions are ready or not, the millennial entrepreneur is a rising force in their customer base.