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Patriot National Hits Regulatory Snag In SBA Platform Plans

PYMNTS

Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on Thursday (March 13) said the financial institution remains undeterred by the challenge. Hana is one of the largest SBA lenders, facilitating $96.6

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DOJ announces settlement of redlining lawsuit

CFPB Monitor

The key allegations in the DOJ’s complaint are the following: During the relevant time period (2015-2021), the Newark, New Jersey-Pennsylvania Metro Division (Newark MD) as delineated in 2015 included Essex, Somerset, Union, Sussex, and Morris counties in New Jersey (Newark Lending Area).

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Vacancy Rate At Shopping Centers Hit 10.2 Percent In First Quarter

PYMNTS

The vacancy rate of community shopping centers in the U.S. Reuters , citing Reis, the real estate research firm, reported the vacancy rate in 28 of the 77 metro areas increased during the first three months of 2019. For community shopping centers, the net absorption, which is the available space sold during the quarter, declined 7.4

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Top UK Lenders Launch SMB Branch Joint Venture

PYMNTS

.’s efforts to inject competition in the small business banking and financial services sector have culminated in a range of initiatives, from the bank referral scheme to strengthen the position of alternative lenders in the market, to the RBS fund that sees rivals and industry newcomers securing financing to improve their services.

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Community banks are thriving in Texas

Independent Banker

Here’s how four community banks are thriving in this environment. The 2020 Census quantified the growth many residents were already sensing: Austin grew by 33% between 2010 and 2020, earning it the rank of fastest-growing large metro. The Houston metro took the 10th spot with a 20.3% Photo by Dennis Burnett. By Mindy Charski.

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BankBazaar Aspiration Index 2021

BankBazaar

National Aspiration Index Up From Last Year. As per the latest study, the National Aspiration Index for 2021 stands at 84.4, Need For Community Increases. Non-metros (85%) were a little more affected compared to metros (81%). Read on for the major highlights of the report. . up from last year’s dismal 79.9.

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The top-performing community banks of 2021

Independent Banker

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success. Philadelphia.