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The community banks standing by hospitality customers

Independent Banker

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. For other borrowers, the $596 million-asset community bank allowed deferrals of principal or, in some cases, full payment deferrals. Photo: R.J.

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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. Takeaway 2 Advisors recommend that financial institutions look behind some of the headlines and examine their own markets before ruling out CRE altogether.

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Amazon Eyes Two-City Split For HQ2

PYMNTS

It was reported over the weekend that the eCommerce giant was in late-stage discussions with a handful of communities, including Crystal City in northern Virginia, Dallas and New York City. Many of these communities were hoping to brand themselves as the co-headquarters with Seattle,” he said. “I

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Five At Five: Apple Pay Joins eBay Ecosystem

PYMNTS

Coverage includes eBay entering a new relationship with Apple Pay, MoneyGram and Visa announcing a new P2P partnership, Amazon expanding its Whole Foods Market delivery service to new Florida and New York markets, Synovus Financial acquiring FCB Financial Holdings and Ford Motor Co.

Apple 101
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Shellfish Industry Tries DTC Strategy

PYMNTS

As it slowly starts to recover from the devastating losses of the restaurant business during the early days of the pandemic, shellfishing companies in the region are now trying to find new ways to get their product to market. In New York City, indoor dining is still closed.

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What Serving The Internet’s ‘Underserved’ Means For Payments

PYMNTS

communities. Expensive Cities. That matters because as time goes by and existing cities become prohibitively expensive — think San Francisco, New York City and Los Angeles, with Chicago, Boston and other areas not far behind — many younger, well-educated consumers are making moves to exurban or even rural areas, or smaller cities.

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Guest Post: Financial Markets & Economics Update by banker Dorothy Jaworski

Jeff For Banks

The markets are taking it all in stride, rallying strongly for most of this week and they seem more grateful for the prospect of a divided Congress, i.e, The markets believe the chance of tax hikes, repeals of tax cuts, and gigantic initiatives are greatly diminished. The housing market is robust across the nation. respectively.