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D.C. banker poised to lead nation's biggest Black-run bank after merger

American Banker

Brian Argrett, whose City First Bank is being sold to Los Angeles-based Broadway Financial, would take the helm of the combined company at a time of increased national interest in reinvigorating minority-owned financial institutions.

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National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

Small Business Administration What creates two out of three net new American jobs; produces close to half of our nation’s goods and services (nonfarm private GDP); and can be found, coast to coast, in every small town, big city and rural enclave? Tune in all week for live-streaming , beginning at 7:30 p.m. Every business starts small.

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Big Lenders Process Half-Million Loan Applications Totaling $45.8B

PYMNTS

The government shut big lenders out of the program on Wednesday (April 29) so more community banks could participate. Further, some of the money was misdirected and awarded to companies worth millions, like national chains and public companies.

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OpenTable Feature Lets People Reserve Grocery Shopping Appts

PYMNTS

Right now, the new OpenTable feature is being used by seven businesses throughout San Francisco and Los Angeles — six restaurants that are acting as pop-up markets and one grocery store. The company said it was in “active talks with other national grocers/retailers.”.

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Apple To Shutter 30 More US Stores Again Amid Pandemic

PYMNTS

As instances of the coronavirus quickly increase in a number of regions across the nation, Apple plans to shutter 30 more stores in the United States on Thursday (July 2) at the latest. The closures announced on Wednesday include many stores in the vicinity of Los Angeles and the last two open stores in Florida.

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Banana Republic Gives $20M In Clothing To Disadvantaged

PYMNTS

Banana Republic will use its partnerships to donate clothes through a number of affiliated organizations around the country, including Hour Working Women Program in New York, Central City Neighborhood Partners in Los Angeles, Family Focus Englewood in Chicago and more. ” Mark Breitbard , head of Banana Republic and Gap Inc.

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SMBs May Be On the Hook for Losses Amid Social Unrest

PYMNTS

“In the small business community, I would say between 20 to 30 percent of owners would have business interruption insurance. You put everything in your business it’s hard at times to figure out how to afford this,” Ron Willis, founder and president of the National Association of Business Owners and Entrepreneurs told Fox.