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7 ways community banks can boost profitability

Independent Banker

Here’s what community bankers need to know when planning their budgets for the next year. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. Build a lending niche. By Cheryl Winokur Munk. Quick stat. Paul, Minn.,

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Plaza Bank in Seattle Promotes Lending Officer to CEO

American Banker

Plaza Bank in Seattle has promoted its chief lending officer to become CEO. The $65 million-asset bank said in a press release Monday that Michael Anderson also succeeded Michael Clabby as president on Nov.

Seattle 28
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ABA Past Chair: ‘We’ve Seen Great Results’ from PPP Loans

ABA Community Banking

American Bankers Association Past Chair Laurie Stewart today said that her bank—Sound Community Bank in Seattle, of which she is CEO—has seen “great results” from Paycheck Protection Program loans made to small business customers over the last year.

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Beneficial State Bank’s financial activism

Independent Banker

The idea that community banking can be a force for positive change is at the heart of Beneficial State Bank, which engages its customers through financial activism. billion-asset community bank in Oakland, Calif., When it comes down to it, though, the community bank’s mission is radically simple. Photo: Ashley Courter.

Oakland 153
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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. In a lending segment once cornered by banks, credit unions are making an impact for those looking to purchase their own home.

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Lending, Profit Grow at Washington Federal

American Banker

Washington Federal in Seattle said its profit rose 3.4% million in the three months that ended March 31 as loan growth outweighed higher information technology costs.

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The Lebron Effect On Payments

PYMNTS

According to reports, store number two will also be in Seattle, about a mile from the first location. Amazon said it is “excited to bring Amazon Go to 920 5th Avenue in Seattle” for those who couldn’t quite travel that last mile. was cleared for launch, and coming soon. The store will open in Fall 2018.

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