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Jim Reber: Collateral advantage

Independent Banker

By Jim Reber, ICBA Securities As many community bankers are still picking up the pieces from their bond portfolio’s meltdown last year, it occurs to me that the breathtaking rise in rates has created at least one byproduct that is both unusual in frequency and tangibly beneficial for future performance. One is that they are loan surrogates.

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Jim Reber: Floating rate assets are back

Independent Banker

The financial press, economic commentators and social media sites have used a collection of terms this year that convey a certain image of market values for investment securities: “Plummet.” Community bankers have come to grips with the notion of their bond portfolios being, ahem, “submerged” in a number of ways. Underwater.”

Memphis 103
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Jim Reber: March sanity

Independent Banker

What this has to do with community bank investment management may not be readily apparent. In March of that year, while thousands were attending ICBA LIVE in Orlando, the financial markets went into a frenzy. Belly of the curve matters to community banks. In fact, the tone is about to improve. There are really two reasons.

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

The analyst community balked at longer-term questions about the company’s liquidity even though 2019 was the company’s sixth straight year of triple-digit revenue growth with over 177,000 cars delivered and just shy of $4 billion in revenue. This year we expect another year of market-leading growth. New Markets. Ontario (L.A.),

Company 130
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Are Robots Last-Mile Delivery’s Future?

PYMNTS

FedEx Executive Vice President and Chief Marketing and Communications Officer Brie Carere said in an announcement for the technology, “The FedEx SameDay Bot is an innovation designed to change the face of local delivery and help retailers efficiently address their customers’ rising expectations.”

Memphis 175
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Fiverr Launches Program To Make Cities ‘Gig Worker Friendly’

PYMNTS

Brent Messenger, global head of community at Fiverr, told PYMNTS that as freelancing becomes a way of life for so many, it’s time workers get access to the tools they need to manage a freelance lifestyle and budget as well as to grow their freelance career — and it’s time for cities to make themselves more welcoming to this type of worker.

Miami 102
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Excited To Help People

Independent Banker

“Once he gets his mind set, a plan forms and then becomes a very calculated reality,” offers Tara Salinas, the bank’s marketing and business development officer. Its staff had about 40 people, many of its procedures were manual, and its competition was stiff with about five community banks as head-to-head rivals.

St. Louis 105