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Investing in America: 7 Strategies and 7 Tactics That Can Drive Business

South State Correspondent

By partnering with community leaders, state and federal agencies, local commissions, and commercial customers, banks can be an effective conduit to leverage this public capital better while making sure the funds are fully utilized effectively in the communities we serve.

America 195
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How To Sell Prepayment Provisions In Commercial Loans

South State Correspondent

Many community banks will market their fixed rate loans based on the simplicity of the prepayment provision, and this starts by understanding the value that each provision creates. We want to share his strategy so that community banks can manage their marketing more effectively. Step 1: There is No Prepayment Penalty on the Loan.

How To 195
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EU Court Rules Airbnb Doesn’t Need Estate License

PYMNTS

eCommerce platforms have to abide by regional rules and that could make it harder for Airbnb to do business. . “We We welcome this judgment and want to move forward and continue working with cities on clear rules that put local families and communities at the heart of sustainable 21st-century travel,” Airbnb said. “We

Taxes 130
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Expanding credit portfolios: 3 Growing pains

Abrigo

Community banks are expanding their loan portfolios to include more small business loans, according to the most recent Community Bank Performance report by the FDIC. In order to grow significantly, however, a bank may choose to expand its reach into businesses and neighborhoods outside the community - their “comfort zone.

Training 170
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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. See Part I: Implications for Community Financial Institutions. Regulatory scrutiny became ever-present, knowing that the security of their homeland was at stake. USA PATRIOT Act enacted.

Training 195
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Reading The Tea Leaves Of Post-Pandemic SMB Lending

PYMNTS

According to Puskar, the current climate has forced lenders like Eastern Bank to shift their mindsets toward the present and future, rather than solely the past. Right now, we've been taking a look at 2018 and 2019 tax returns. Historically, traditional business lending is based on historical financial performance," he said.

Lending 233
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Creating a Customer-Centric, Digital Financial Institution

Abrigo

It sounds like the beginning of a joke, but for many community financial institutions, a spectrum of different customers and banking needs is something that they see every day. A farmer, a university student, and a business owner walk into a bank. However, they’re probably seeing fewer of these customers walking into a physical branch.

Oklahoma 218