PYMNTS

OCTOBER 4, 2019

For community banks and credit unions, their physical proximity to the small businesses they’re servicing is often pointed out as a major advantage these smaller players hold over the big banks, enabling these FIs to develop deeper relationships with their small to medium-size business (SMB) clients, anticipate their needs and establish trust.

Lending 152

Lending Community Bank US Community 152

Perficient

JULY 27, 2023

The Community Reinvestment Act (CRA) is a federal law in the US that promotes the interest of financial service firms to serve their communities’ credit needs, including low- and moderate-income neighborhoods. This information can identify areas of need and develop targeted lending programs that address those needs.

Data 221

Data Compliance Community Lending 221

PYMNTS

MARCH 19, 2020

Regulators, for their part, said they want to encourage lending. Also, it said that the lending would help a bank’s Community Reinvestment Act (CRA) score. Also, it said that the lending would help a bank’s Community Reinvestment Act (CRA) score.

Regulation 140

Regulation Lending FDIC US 140

Independent Banker

JUNE 30, 2022

As we kick off this year’s lending issue, I want to pause for a moment to reflect on just how much lending has changed. But community banks have adapted to address that shift. So, while this next round of uncertainty will bring with it new challenges, the strength of the community bank business model remains intact.

Lending 141

Lending Idaho Nevada Oregon 141

Independent Banker

NOVEMBER 30, 2022

Community Financial Services Bank, Benton, Ky.; In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. Two of us have gotten to take it so far. He always refers to us as his coworkers.

Community Bank 169

Community Bank Community Montana Leadership 169

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. Swashbuckling, nimble, well-funded and unapologetically entrepreneurial, fintechs are offering innovations that allow community bankers to dream big in a host of ways.

Community Bank 159

Community Bank Community Fintech Risk Management 159

PYMNTS

OCTOBER 11, 2020

Santander Bank has announced three high-level appointments, two overseeing lending operations and another overseeing marketing, according to a press release. Giancarlo Marchesi was named head of Consumer Lending, a new role at Santander. Patrick Smith was named head of Small Business Banking. Smith holds a B.S.

Lending 160

Lending New York Virginia Boston 160

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

JUNE 28, 2019

Representative Nydia Velázquez (D-NY) is calling on lawmakers to address predatory lending to small businesses (SMBs), The Washington Post reported on Thursday (June 27). “By ending confessions of judgment in commercial lending, we can stop some of the abuses that are crippling honest small business owners,” she said.

Lending 129

Lending Washington US New York 129

PYMNTS

MAY 31, 2019

Families with multiple kids in such programs may need to spend $6,000 to $8,000 all at once, explained Rebecca Nystrom Brito, member development specialist at Community First Credit Union. Community First has been offering youth agriculture loans of $100 to $2,500 at 0 percent interest for five years. Technology Tools .

Community 115

Community Lending social media Cards 115

PYMNTS

MARCH 12, 2019

Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA ). Community banking is no exception. Leveling the Playing Field.

Community Bank 205

Community Bank Community Innovation Fintech 205

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

JANUARY 26, 2021

division of L’Occitane has filed for Chapter 11 bankruptcy, while AutoFi is shifting into high gear with the debut of its “lending as a service” division. L’Occitane’s US Unit Enters Bankruptcy As Part Of Lease Negotiations . NY Fed: US Consumer Optimism Surges For Long Term. In today’s top retail news, the U.S.

Retail 239

Retail US New Jersey New York 239

PYMNTS

OCTOBER 25, 2020

The pandemic sped up the need for the loan providing services StreetShares offers, the release stated, as lenders sought out software to lend money through the Paycheck Protection Program (PPP) digitally. Since January, the company has grown to 53 FI clients, nearly double what it had before.

Lending 160

Lending Community Bank Community Fintech 160

Abrigo

MAY 11, 2020

One of the key values community financial institutions have always leaned into is their relationships with their customers, but these relationships have been put to the test amid the coronavirus pandemic. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending. Lending & Credit Risk.

US 195

US Lending Community Technology 195

Abrigo

MARCH 9, 2017

And to thrive, those customers need economically diverse and healthy communities in which to live and work. Partnering with local organizations to promote the health of those communities is often a top priority for banks. communities where capital tends to be scarce.

Community 246

Community San Francisco Capital Philadelphia 246

TheGuardian

SEPTEMBER 27, 2023

Since the company was founded in 1800 in Rhode Island, the bank has never offered its home loan services at a branch location in a majority-Black or Latino neighborhood throughout the state, including in the state capital of Providence, where the vast majority of the state’s Black and Latino population live.

Rhode Island 79

Rhode Island Lending Washington Community Bank 79

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. Community bankers tell us why. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here.

Lending 91

Lending Community Bank Community North Dakota 91

Bobsguide

APRIL 21, 2022

Finastra appoints Isabel Fernandez to accelerate lending business growth. Company welcomes Isabel to the Finastra leadership team, as EVP, Lending Business Unit. Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities.

Lending 109

Lending Leadership Community Software 109

Banking Exchange

OCTOBER 1, 2020

Since the Great Recession, larger banks have been cutting back their small business lending programs Community Banking Feature3 Feature The Economy Technology Covid19 PPP.

Community Bank 88

Community Bank Community Technology US 88

Perficient

MARCH 19, 2021

The program was designed by Treasury officials “to support access to capital in communities traditionally excluded from the financial system and that have struggled the most during the COVID-19 crisis.” Emergency Support and Minority Lending Program: a $1.75 These are: CDFI Rapid Response Program: a $1.25

Community 309

Community Capital Lending US 309

PYMNTS

APRIL 24, 2017

Small business lending activity across the globe is in flux. China saw a whopping 17 percent increase in small business lending in Q1, while U.S. We break down the latest on SME lending in these key markets. banks are rebooting their efforts to capture SMEs from their alternative rivals. A dip of 1.1

Lending 100

Lending US Capital Community 100

PYMNTS

JANUARY 5, 2021

The San Jose-based community development financial institution, or CDFI, on Tuesday (Jan. Longtime small business microlender Opportunity Fund is teaming up with a trio of credit unions (CUs) as part of the nonprofit’s bid to invest $1 billion in “marginalized businesses” across the country over the next two years.

San Jose 198

San Jose Lending Community California 198

PYMNTS

APRIL 5, 2019

SoLo Funds announced it has added a Mastercard integration so users can link their debit accounts to the peer-to-peer (P2P) lending platform. This integration brings us a step closer to our goal of transforming the lending sector by providing timely access to small loans through everyday mobile users.”.

Lending 167

Lending Survey Course Community 167

South State Correspondent

AUGUST 21, 2023

That publication was referenced in the media as a US bank rating action, with a downgrade to ten larger banks (and a negative outlook to 11 other larger banks). However, that publication, directly and indirectly, identified three discrete risks affecting community banks.

Community Bank 195

Community Bank Community Capital Analysis 195

PYMNTS

JANUARY 6, 2020

Community banks are pushing for a stronger role with their small business (SMB) customers. However, through an embrace of FinTech collaboration and industry consolidation, community banks appear poised to further dispel assumptions of a lack of digitization. has dropped from 8,000 in 2004 to about 5,400 in 2018. Strengthening SMB Ties.

Community Bank 123

Community Bank Community Payments Fintech 123

Independent Banker

DECEMBER 31, 2022

We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1. Demonstrating the community bank difference. That’s the community bank difference, and we should be proud to reiterate it throughout the year. My Top Three.

Community Bank 218

Community Bank Community Hawaii Washington 218

Abrigo

JUNE 3, 2019

SBA Lending Can Be a Hidden Gem for Some Institutions. With proper planning and the utilization of technology, SBA lending can boost customer acquisitions and deposits. Many argue that SBA lending is complicated, and while that’s true, it’s actually a good thing. SBA lending rewards financial institutions that are prudent.

Lending 150

Lending Resources Capital Technology 150

Banking Exchange

JUNE 28, 2021

Banking support for the farming sector stays strong despite Covid-19 challenges, new report finds Community Banking Feature3 Feature Covid19.

Lending 78

Lending US Community Bank Community 78

South State Correspondent

JULY 10, 2023

Next week’s article will consider the challenges and possible solutions for community banks to adopt loan hedging programs. A recent paper analyzed domestic banks’ use of interest rate swaps, and we will summarize their findings in this article. Of the largest 250 banks, 90% use interest rate hedges.

Community Bank 195

Community Bank Community Tools Management 195

American Banker

JUNE 21, 2023

The bank's $4.6 billion commitment is smaller in size and shorter in duration than a previous plan. It also pledged $9 billion to sustainable finance initiatives over the next three years.

Community 78

Community US Compliance Lending 78

PYMNTS

MARCH 13, 2019

The bank said about 30 percent of the branches will be in low or moderately low income communities. This expansion marks a major milestone for our firm by allowing us to serve more customers, small businesses and communities across the country,” said Thasunda Duckett, CEO of consumer banking for Chase. “To

St. Louis 145

St. Louis US South Carolina North Carolina 145

PYMNTS

JUNE 21, 2018

KeyBank has acquired a digital lending platform for small businesses developed by Bolstr , the financial institution (FI) announced Wednesday (June 20). Bolstr’s technology transforms the small business lending process and allows us to more efficiently serve small businesses for their SBA and traditional lending needs.”. “We

Lending 108

Lending Innovation Fintech US 108

Perficient

NOVEMBER 20, 2020

At Perficient, we are committed to giving back to the communities where we live and work. From volunteering at food banks and urban farms , to building homes and saving penguins , our colleagues selflessly give their time to make their communities a better place. Lend a Helping Hand. Pitching in for the Parks.

Chicago 322

Chicago Community National Groups 322

Independent Banker

DECEMBER 1, 2021

The pandemic forced us to find new ways to interact with customers. For community banks who are known for putting their customers first, this could be an area of concern. However, data from PwC shows that community banks are finding complementary partnerships that evolve their operations and the service they provide customers.

Community Bank 91

Community Bank Community Fintech Guidelines 91

Gonzobanker

MAY 31, 2019

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.”

Lending 136

Lending Community Bank Community Data 136

Bobsguide

APRIL 30, 2019

Stringent data and reporting requirements could negatively impact small business lending in the US, according to the Independent Community Bankers Association (ICBA), while lawyers believe it could be an opportunity for fintechs to establish themselves in the market. Under Section 1071 of.

Lending 95

Lending Fintech Community US 95