Remove Community Remove Lending Remove Marketing Remove NJ
article thumbnail

CFPB and DOJ announce redlining settlement

CFPB Monitor

The joint complaint filed by the CFPB and DOJ in federal district court in New Jersey states that the action resulted from a joint investigation by the agencies of the bank’s lending practices following the CFPB’s referral of the bank to the DOJ pursuant to the ECOA. The proposed consent order requires the bank to pay a $5.5

NJ 60
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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Popular Bank Named Among First Investors of NWK FAM Fund

PopularBank

NEWARK, NJ and NEW YORK, NY – October 13, 2020 – Popular Bank , a subsidiary of Popular, Inc. The Newark 40 Acres and a Mule Fund will bring pride and prosperity to our city as a whole and to our Black and Latinx business community in particular.”. $100M Fund to Economically Empower Black and Latinx Business Owners.

article thumbnail

Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

The old borrow short, lend long strategy. Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 800%, only to fall 740% from its peak by October 2002, giving up all its gains during the bubble. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate?

FDIC 78
article thumbnail

Malvern in Pa. Continues with Commercial Lending Expansion

American Banker

is planning to open a commercial lending office in a new market. Malvern Bancorp in Paoli, Pa.,

Lending 28
article thumbnail

Banker Quotes: As Told To Me v6

Jeff For Banks

Since I estimate my Twitter community only reads about 10% of their tweet stream, and so many of my blog readers do not follow Twitter, below are selected quotes that I tweeted since version 5. Bank SVP: the mortgage lending business is like a shark. Maybe social media is happening outside of the Marketing Department.

NJ 97
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. Ag lending in the South: Relationships matter.