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The community banks standing by hospitality customers

Independent Banker

State Bank of Texas, led by president Sushil Patel (center), has a niche working with hospitality customers like Reena and Arun Patel, who own and operate a La Quinta hotel in Dallas. The bank also helped hotel operators obtain Paycheck Protection Program (PPP) loans. billion-asset, family-owned community bank. Photo: R.J.

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Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

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Small Business, Big Banking Not A Winning Combo, Survey Finds

PYMNTS

According to the FinTech’s latest “ Performance Against Customer Expectations (PACE) Report ,” SMEs are unhappy with a lack of options for high-tech products and services, and as more small businesses switch banks, analysts say this discontent could accelerate bank-switching among the nation’s small business community.

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Ensure your community bank is inclusive

Independent Banker

We asked community bankers and experts for their advice on ensuring employees feel a sense of belonging. If community banks put in the effort to foster a sense of belonging, the result is a stronger workplace culture, greater employee loyalty and, ultimately, a better experience for customers. By Roshan McArthur.

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These Are Your Most Profitable Cash Management Clients

South State Correspondent

The value driver in cash management is that it is usually some sort of operating account at the bank. As such, operating accounts have low-interest rate sensitivity. We have also included the IBIS World 2024 risk ratings to provide some context for the credit and operating risk of the counterparty.

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5 Steps to Better Treasury Management

South State Correspondent

In this article, we detail the five steps to building a treasury management strategy, provide some tools to execute those steps, and then provide a complimentary survey to assess your strengths and weaknesses. For $6, a community bank can garner a lead that has an average of 9% probability of converting with over $33k per year in value.

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Collaboration Is Key For Consensus On Cross-Border Payments

PYMNTS

Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction. Different regions have their own unique payment rails, and no two abide by the same regulatory framework. Other initiatives are being spearheaded across regions. So, what’s the problem?

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