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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. By Cheryl Winokur Munk. Quick stat. Source: 2021 Provident Bank survey.

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Saltbox Opens Co-Warehousing Space For SMBs

PYMNTS

There’s no shortage of growing small businesses and entrepreneurs in Atlanta , but there was a shortage of purpose-built space that allows a business to operate like a business, store and ship product, and also provide a community of peers and collaboration. Saltbox is the solution.”.

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WeWork Makes Its Pitch As An Innovation Enabler

PYMNTS

The space-sharing company, already famous and well-funded for the value it offers to modern, technologically proficient and often geographically separated workforces, keeps making inroads in payments and commerce — in fact, it is getting into software via the just announced acquisition of Teem , which sells office management technology.

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Real Estate Startup Bungalow Secures $64M In Funding

PYMNTS

Bungalow also helps to create a sense of community through exclusive social events and volunteer opportunities so residents can get to know each other. “My It was hard to find a great home and even harder to build a supportive community away from friends and family,” Andrew Collins, co-founder and CEO of Bungalow, said in a press release. “We

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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.

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Facebook’s News Accelerator Nets Extra $5M For Local Newspapers

PYMNTS

But David Grant, the Accelerator’s program manager, said that about 99 percent of the program has nothing to do with Facebook. Really, the focus is on building the right type of community. Seattle, Miami, New York, Los Angeles, Detroit, Atlanta, Austin, Chicago and Dallas, in addition to 40 locations around the world.

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Grocery Deliverer Shipt Adds Alcohol

PYMNTS

Come July 27, customers in the Orlando area will be eligible to get their drink on courtesy of Shipt and partnering retailer ABC Fine Wine & Spirits , which operates 150 locations across Florida. It’s a partnership that’s been a long time in the making for Shipt, said Community Manager Anne Adams. “As

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