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COVID Casts More Doubt On Future Of Bank Branches

PYMNTS

Banks are legally required to file a closure notice — with the OCC, the Federal Reserve Board or the FDIC — at least 90 days in advance of a closure, and must notify customers within that same 90-day window. But others are changing tack.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. So, when the community bank’s leadership learned of a fintech that needed a bank partner to launch a credit-building tech product, they were intrigued. Metro City Bank. By Ed Avis. Methodology. Lee’s Summit, Mo. Asset size: $738 million.

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The top-performing community banks of 2021

Independent Banker

Metro City Bank. A: We have been fortunate to develop deep partnerships with some great fintechs. Using FDIC data, we took into account pre-tax return-on-assets (ROA) figures from the past three years, with the most recent year weighted at 3x, second most recent year at 2x and third most recent year at 1x. Northpointe Bank.