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Rising Interest Rates Have Hurt Smaller Banks

PYMNTS

The Federal Reserve began raising interest rates about three years ago from almost zero, and after the financial crisis, many small and regional banks ramped up their lending with long-term and low-rate loans. The Southern National Bancorp of Virginia is now shelling out 2.25

Virginia 144
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Mortgage applicants find cozy home at some credit unions

Abrigo

Utilizing the Bank Information platform, Sageworks recently released a ranking of the top mortgage lending credit unions in the U.S. by geographic region , identifying the top 10 credit unions by mortgage loan volume for the Northeast, South, Midwest and South. Bruemmer, executive vice president for Landmark Credit Union.

Regional 186
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Building A Better Lending Model To Serve SMBs Who Served

PYMNTS

Our first base of operations was my basement in Reston, Virginia.”. That rate, he noted, is based on more than mutual soldier loyalty, as StreetShares has other lending requirements. And so with his friend, former Capital One executive and former South African Air Force member Mickey Konson, he founded StreetShares , Inc. “We

Lending 119
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2021 GonzoBanker Awards

Gonzobanker

From nowhere, sizable regional players are being created. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Performance and multiples continue to be solid, outperforming most regional banks. Has to be M-O-E.

Fintech 147