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7 ways community banks can boost profitability

Independent Banker

A profitability strategy has a lot to factor in given today’s uncertain market. Here’s what community bankers need to know when planning their budgets for the next year. Luckily, there are several strategies in community banks’ toolbox for boosting profitability, even in a low interest rate environment. By Cheryl Winokur Munk.

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eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff

PYMNTS

Lime is striving to reach profitability in 2020 and is laying off about 14 percent of its workforce — roughly 100 people — and ceasing operations in 12 markets, according to reports on Thursday (Jan. These market closures have an effect not just on riders, but on our whole Lime community.

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On-Demand Delivery Service Munchery Ceases Operations

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That came after it shut down service in Seattle, Los Angels, and New York. In May Munchery said it was planning to focus on its largest market, which was San Francisco, in an effort to become profitable. We have also enjoyed giving back to our community through meal donations, volunteer service, and so much more.”.

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Amazon Is Building A Traditional Supermarket In LA

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Reports from Seattle and California say the company is adding a new format and expanding beyond its Amazon Go and Whole Foods brands. Although Amazon hasn’t commented, the strategy seems to be aimed at getting Amazon aligned with a more mass market customer segment than its other retail brands. And the antagonist, per usual, is Amazon.

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eCommerce Grocer Weee Notches Almost $50M In Funding

PYMNTS

The new funding will assist the startup in speeding up team building, supply chain optimizations and market growth. Weee, which was started in 2015, began as a community buying platform that received Asian spices and fresh produce, among other items. Bigbasket competes against Amazon and Flipkart in the Indian eCommerce market.

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Lyft Rolls Out Vehicle Partitions In Health Safety Program

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Los Angeles, Seattle, Boston, Phoenix, Dallas and New York City. drivers for free, with the goal of providing 50 percent ride coverage in these markets,” the company wrote. By prioritizing the wellbeing of our drivers, our entire community gains extra peace of mind. The company said it sells them to drivers at no profit.

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Real Estate Startup Bungalow Secures $64M In Funding

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Founded in 2017, Bungalow aims to solve many of the issues that early career professionals face when looking to rent in urban markets. Bungalow also helps to create a sense of community through exclusive social events and volunteer opportunities so residents can get to know each other. markets by the end of 2018.

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