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Bank owned by private equity investors bets big on fund finance

American Banker

The Jacksonville, Florida, company has hired a pair of prominent industry experts to lead a new division tasked with serving investment funds. Despite an industrywide rough patch, EverBank still sees promise in the niche business line.

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The banks serving active duty personnel

Independent Banker

Community banks operate on a majority of the country’s military installations. Given their selfless service, active-duty personnel rely on community banks that understand their unique needs. Community banks comprise more than two-thirds of the 66 banks operating on U.S. Photo by: Dero Sanford. By Judith Sears.

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Florida City Pays Hundreds Of Thousands To Hackers

PYMNTS

Lake City, a community of about 12,000 people west of Jacksonville, forked over hundreds of thousands of dollars after a ransomware attack crippled its systems. One small Florida city has had to pay cybercriminals thousands of dollars in ransomware.

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4 ways to get more out of your core

Independent Banker

Changing customer banking habits means it’s more important than ever for community banks to use every tool at their disposal. Community banks may have longstanding relationships with their core vendors, but that doesn’t always mean they keep up to date on all the latest features and functionalities. billion-asset community bank.

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Carvana Opens Largest Car Vending Machine In Tempe

PYMNTS

Jacksonville (Fla.), We’re incredibly proud to be a part of the metro Phoenix community,” said Ernie Garcia, founder and CEO of Carvana, in a press release announcing the launch of its latest vending machine. Raleigh (N.C.), Charlotte (N.C.), Tampa (Fla.), Orlando (Fla.) and Washington, D.C.

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Lowe’s Now Offers Prepaid Credit Cards For Construction Crews

PYMNTS

Lowe’s new service is built on the BizNow platform, which Jacksonville, Fla.-based Instead, prepaid cards can enable them to deal with fragmented project timelines, employee turnover and other jobsite issues. This is the same discount offered to small business card members with the Lowe’s Business Rewards Card.

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CFPB announces new appointments to advisory groups

CFPB Monitor

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Lynn Drysdale, Managing Attorney, Consumer Law Unit, Jacksonville Area Legal Aid, Inc., Jacksonville, FL. Community Bank Advisory Council Members.