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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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Cathay Commits to Community Reinvestment Plan with CRC

American Banker

Cathay General Bancorp in Los Angeles has agreed to a community reinvestment plan tied to its deal to buy SinoPac Bancorp from Bank SinoPac in Taiwan.

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RBC's U.S. Bank Forms National Food and Beverage Division

American Banker

City National Bank in Los Angeles has launched a national business to focus on the food and beverage industries.

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CRE Credit Risk – What You Need To Know Now

South State Correspondent

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). The risk here is that community banks continue to take on an above-average amount of CRE credit exposure.

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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

In 2017, the National Restaurant Association reported annual sales of $799B — close to 48% of the total amount that Americans spent on food. Community initiatives: Loom (Massachusetts). Rest stops became iconic American landmarks that dotted the nation’s major highway routes. Americans dine out more than ever before.

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The 2014 GonzoBanker Awards

Gonzobanker

It’s been a busy year integrating recent acquisitions, purchasing $1 billion+ in Banco Popular deposits, hiring former Los Angeles Mayor Antonio Villaraigosa to advise on community relations, and having former President Bill Clinton speak at a major financial literacy event. Bank Acquisition of the Year - BB&T Corp.

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The Future Of Housing: From Home Building To City Planning, Tech Giants & Startups Are Reimagining Where & How We Live

CB Insights

These companies are advancing a variety of construction methods to build ambitious development projects that reimagine everything from the wood used in homes to the ways we think about private vs. communal space. Housing supply is dire nationally, with the US reportedly staring down a housing shortage of 7.3M Table of contents.

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