Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Critical capital Should CRE lending be off the table? But that might not be the best move for your financial institution or your community. The impact is not consistent.”

Risk Management 221

Risk Management Management Lending Capital 221

Abrigo

NOVEMBER 21, 2014

Now that banks have filed their third quarter financial reports , what did the lending picture look like last quarter? However, Q3 commercial lending is down from the beginning of 2014 (quarter ending 3/31/2014) by about $67 billion. bank and credit union, named the “ Top 15 community banks by commercial loan growth.”

Lending 186

Lending South Carolina Miami Community Bank 186

Abrigo

AUGUST 28, 2019

Slow lending decisions and frustrating loan application processes are among borrowers’ biggest gripes with traditional financial institutions vs competitors such as online or alternative lenders. Drive faster lending decisions. Contacting a branch manager might yield insight on depositors for potential upsells for loans. Get started.

Lending 150

Lending Analysis Taxes Data 150

Abrigo

JANUARY 22, 2015

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. Small regional and community banks had a much higher approval rate (90 percent) for those firms classified as “Growers.”

Community Bank 150

Community Bank Community Regional Cleveland 150

PYMNTS

AUGUST 12, 2019

One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. Small business lending platform Funding Circle commented on this effect in its latest earnings data, noting that there has been “some deterioration” in its higher-risk small business loan bands in the U.K.

Lending 144

Lending US Capital Data 144

PYMNTS

FEBRUARY 8, 2018

Small business hiring may have petered out in January, but lending to SMBs certainly didn’t. The latest Biz2Credit Small Business Lending Index found SMB lending among large financial institutions (FIs) continued to climb, reaching a 25.3 percent approval rate in January.

Lending 108

Lending Taxes Regional Analysis 108

PYMNTS

APRIL 16, 2020

This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K., This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K.,

Data 167

Data Lending Regional Fintech 167

PYMNTS

MARCH 12, 2019

Federal Reserve Governor Lael Brainard said on Tuesday (March 12) that a more flexible look at banks through the lens of the Community Reinvestment Act (CRA) could potentially make capital available for regions outside the usual areas financial institutions cater to.

US 108

US Community Regional Lending 108

PYMNTS

SEPTEMBER 13, 2017

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. In Europe, for instance, the region is preparing for the rollout of a new directive which could challenge how medical providers process invoices.

Strategy 190

Strategy Report Lending Fintech 190

PYMNTS

JULY 31, 2019

The company revealed that David Kowach has been named head of Community Banking, while Jim Hays has come onboard as president and head of Wells Fargo Advisors. Andy Rowe is Enterprise Customer Excellence executive, and Elli Dai has been hired as Small Business and Personal Lending Group executive.

Community Bank 147

Community Bank Lending Regional Strategy 147

South State Correspondent

APRIL 10, 2023

Nonetheless, with the recent collapse of sizeable regional banks, regulators, investors, analysts, accountants, and bankers are now scrutinizing the fair value of banks’ securities and loan portfolios. This development should strongly motivate community banks to consider the benefits of loan-level hedging.

Community Bank 195

Community Bank Community Security Capital 195

PYMNTS

JULY 1, 2016

Soon after Lending Club revealed its ex-CEO may have artificially inflated the company’s lending volumes, the U.S. Treasury Department released its report on the sector and concluded that the market would likely benefit from greater oversight from regulators. Alternative Lending. Lendingkart.

Lending 101

Lending Analytics Capital Industry 101

ABA Community Banking

AUGUST 27, 2015

SNL Report: Overall, banks in Western region generate strongest loan growth Bank Performance Management Financial Trends Community Banking.

Community Bank 40

Community Bank Community Lending Regional 40

Abrigo

FEBRUARY 17, 2015

Which areas of lending and what banks are driving the expansion? Louis, revealed the answers by analyzing call reports of all U.S. Community banks (under $10 billion in assets) and regional banks (between $10 and $50 billion) represent 21 percent and nine percent, respectively. trillion, up from $6.5 commercial banks.

St. Louis 150

St. Louis Lending Community Bank Regional 150

PYMNTS

JANUARY 26, 2020

AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. It provides credit lines to individuals and has usually worked in communities without much access to banks. Latin America-based AlphaCredit has signed up for a funding round to raise $125 million, led by SoftBank’s Latin America fund.

Fintech 247

Fintech America Capital Regional 247

PYMNTS

JULY 31, 2017

A new report from FIS finds small businesses continue to feel fed-up with their big banks, despite a rebound in large bank loan approval rates for SME borrowers. That’s bad news for some of the largest FIs, despite a recent uptick in small business lending activity. The 2017 report from FIS surveyed nearly 500 SMEs in the U.S.

Survey 112

Survey Community Bank Community Regional 112

PYMNTS

JUNE 18, 2018

Biz2Credit’s latest Small Business Lending Index found that loan approval rates at alternative lenders stagnated – and at credit unions, they actually fell. Thirty percent of small business loan applications at big banks got approved in May, according to Biz2Credit’s latest Small Business Lending Index.

Lending 112

Lending Community Bank Regional Community 112

PYMNTS

SEPTEMBER 22, 2020

An executive for the company said per reports that virtual cards are a method of helping to stop fraud, with the capacity for virtual payments to occur without bank data being traded. Fed Moves To Revamp Community Reinvestment Act. Onyx Rolls Out Virtual Card For Hospitality Clients.

Groups 156

Groups Payments Texas Community 156

PYMNTS

OCTOBER 8, 2018

As reported, the social media giant was hacked through a vulnerability in the Facebook source code, which gave the attackers the ability to steal access tokens, which they in turn used to keep Facebook subscribers logged in. As reported by ZDNet and other sites, class action suits have already been filed against the company.

United States 174

United States Regulation cryptocurrency Cleveland 174

Abrigo

DECEMBER 26, 2014

As reported earlier this week, existing home sales hit a six-month low , after two consistent months of growth. Utilizing the Bank Information platform, Sageworks recently released a ranking of the top mortgage lending credit unions in the U.S. At best, 2014 has been an uneven year for home buyers. percent from one year ago.

Regional 186

Regional Milwaukee Lending Washington 186

PYMNTS

JULY 16, 2019

Regional banking firm KeyCorp disclosed a massive instance of fraud on Tuesday (July 16) that could potentially cost $90 million, according to a report by CNBC. The bank also recently announced an initiative to help local communities. Shares fell on the news. The event occurred in the beginning of Q3. KeyBank’s five-year, $16.5

Fraud 142

Fraud Cleveland Indiana Community 142

PYMNTS

MARCH 26, 2020

Each week, PYMNTS will round up some of the latest initiatives from governments, banks and FinTechs around the world to lend support for small businesses struggling as a result of the coronavirus. to help bailing out their SMB customers, with some regional financial institutions (FIs) already taking action. B2B FinTechs Band Together.

Payments 173

Payments Pennsylvania Kansas City Wyoming 173

PYMNTS

FEBRUARY 6, 2018

Those firms, according to the same SBA report, had an annual payroll of $195 billion, receipts of $1.14 That rate, he noted, is based on more than mutual soldier loyalty, as StreetShares has other lending requirements. According to the Small Business Administration , of the 28 million U.S. SMBs, roughly 2.5 million, or 9.1

Lending 119

Lending Virginia United States Capital 119

PYMNTS

APRIL 6, 2020

Lenders faced loan requests in the thousands, as they encountered difficulties with tech access and changing paperwork, Reuters reported. The Independent Community Bankers of America (ICBA) told the Small Business Administration (SBA) and the Treasury about the “massive delays” and “failed technology” that members were facing.

social media 130

social media America Community Regional 130

PYMNTS

AUGUST 17, 2020

PREIT has long been evolving the experience we bring to our communities, remaining laser-focused on innovating at rapid speed through times of change. PREIT recently reported that its Q2 revenue decreased by 36.6 Twenty-eight percent of PREIT’s portfolio consists of local and regional tenants. Coradino , CEO of PREIT.

Philadelphia 164

Philadelphia Regional United States Community 164

PYMNTS

MARCH 11, 2019

According to a report in Fintech Futures , the idea behind the project is to use permission-based blockchain technology so credit unions can reach more members that don’t have access to financial services. The blockchain network will be offered to all credit unions around the world later this year, noted the report.

blockchain 160

blockchain Regulation Community Bank Regional 160

PYMNTS

DECEMBER 17, 2018

Smaller banks around the country are feeling the pinch as rising interest rates keep earnings static on loans and customers want more interest on their deposits, according to a report from The Wall Street Journal. They use more of their deposits for loans, and customer loss could affect a bank’s ability to frugally fund lending.

Virginia 144

Virginia Lending New York National 144

PYMNTS

DECEMBER 30, 2019

Singtel , Asia’s leading communications technology group, and Grab , Asia’s leading super app, have formed a consortium to enter digital banking and help the communities of Singapore that have traditionally been left behind in banking matters, the press release said.

Digital Banking 134

Digital Banking Groups Online Regional 134

PYMNTS

SEPTEMBER 24, 2018

CNBC, citing an interview JPMorgan Chase Chief Executive Jamie Dimon had with Jim Cramer on Squawk Alley, reported the company is gearing up to open 50 new branches in Philadelphia, Delaware and southern New Jersey during the course of the next five years. in an effort to strengthen its retail business. JPMorgan is the largest U.S.

Philadelphia 133

Philadelphia Trends Delaware New Jersey 133

Independent Banker

JANUARY 31, 2022

Here’s how four community banks are thriving in this environment. This region has the kind of energy that draws people to a place and helps them and their businesses thrive. That year, installations further south, in the region that includes Brownsville and Corpus Christi, supported an estimated 41,000 jobs and contributed about $4.6

Texas 182

Texas San Antonio Community Bank Community 182

Gonzobanker

MAY 17, 2022

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. As one executive lamented regarding a vendor, “These guys don’t even have the manners to get back to us with reports on our issues.”. In 2021, the Standish Group reported that 83% of I.T.

Technology 145

Technology Regional Community Bank Community 145

PYMNTS

APRIL 17, 2020

But the Federal Reserve Board noted that these mandates have prevented some owners of small companies from accessing PPP loans, particularly in less populated regions. According to the press release, “The Board is providing the temporary change to allow banks to make PPP loans to a broad range of small businesses within their communities.

Regional 164

Regional Community Report Company 164

PYMNTS

MAY 30, 2018

Financing of all sorts was on the downswing, and SMB owners began dipping into their own piggy banks before seeking a lending agreement. That finding comes care of data gathered by 12 regional Federal Reserve banks in a survey conducted over the third and fourth quarter of 2017. In the 10 years following the financial crisis, the U.S.

Lending 115

Lending Community Bank Survey Community 115

PYMNTS

JUNE 15, 2020

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. The funds were distributed across all 50 states with a near even distribution across urban, suburban, and rural regions.

Capital 141

Capital San Francisco New Jersey Massachusetts 141

PYMNTS

FEBRUARY 10, 2017

With a goal of expanding its presence across the Nordic region, Enterpay, based in Finland, has raised new funding from NFT Ventures, the companies said Monday (Feb. Enterpay enables businesses to pay without credit cards when making purchases online using invoice data, reports said. Alternative Lending. B2B Payments.

Fintech 100

Fintech Capital Lending Data 100

CFPB Monitor

AUGUST 22, 2022

Amendments to the Truth in Lending Act made in 1988 by the Fair Credit and Charge Card Disclosure Act require the CFPB to conduct the TCCP Survey. Collecting information on credit cards available to specific communities or groups. The CFPB is seeking comments on changes to its semi-annual Terms of Credit Card Plans (TCCP) Survey.

Survey 78

Survey Cards Community Data 78

Independent Banker

APRIL 28, 2016

My typical mailer includes the previous months’ report and the questions they should answer to help me with my next report. Rasmussen: My monthly reports are threefold. I also focus on budgets, loan and deposit growth, net interest margins, quarterly comparison reports, and the banker’s view of his or her local economy.

Dallas 131

Dallas Texas Houston Community 131