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Lockdowns Drive Lower Revenues For ATM Owner Cardtronics

PYMNTS

Cardtronics , which calls itself the world’s largest ATM owner-operator, disclosed its first-quarter results on Friday (May 8), which reflected lower revenues due to lockdowns and some location closures. . Cardtronics’ ATM operating revenues dropped to $291.9 Cash flows from operating activities slipped to $1.1 Payne Jr. (D-NJ),

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Credit Issues Stalk Malls And Anchor Tenants

PYMNTS

On the optimistic side Elliot Nassim , president of Mason Asset Management, which co-owns the University Mall in Carbondale, Illinois, says: “We have always felt that the retail industry is evolving, despite what doomsday headlines would have you believe. There are about 1,000 malls — both privately and publicly held — operating in the U.S.

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More Security In Wake Of Mall Brawls

PYMNTS

Brawls of mostly young people reportedly broke out around malls in Fayetteville, NC, East Garden City, NY, Elizabeth, NJ, Manchester, CT, Aurora, CO, and Tempe, AZ, among others. Mall operators are cooperating with law enforcement on investigations, according to the International Council of Shopping Centers (ICSC).

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Popular Bank Named Among First Investors of NWK FAM Fund

PopularBank

NEWARK, NJ and NEW YORK, NY – October 13, 2020 – Popular Bank , a subsidiary of Popular, Inc. The Newark 40 Acres and a Mule Fund will bring pride and prosperity to our city as a whole and to our Black and Latinx business community in particular.”. $100M Fund to Economically Empower Black and Latinx Business Owners.

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A Financial Institution Investment Banker Had Questions. Here Are My Answers.

Jeff For Banks

Not many investors complained about the old Commerce Bank (NJ) efficiency ratio of 70+% when they were delivering 20+% profit growth. That's positive operating leverage that so many financial institutions struggle with. Organic Growth Rates : If they exceed their markets, then they are above average, right?

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Bunnell; and Doug, Genelle and Jagger Jones.