article thumbnail

A Network In A Time Of Need: Credit Unions Go National When Disaster Strikes

PYMNTS

Those efforts culminated with the National Credit Union Foundation’s recent launch of the CUAid Disaster Recovery App , in collaboration with PSCU. If you look at the national banks, they have that distribution of locations and contact centers. Petersburg, Florida headquarters.

National 263
article thumbnail

Small Business Resiliency in South Florida

PopularBank

With South Florida Region Executive Israel Velasco. Nonessential businesses were forced to close their doors and unemployment in South Florida has outpaced much of the United States. As restrictions ease throughout South Florida, businesses are reopening their doors with enthusiasm, while others prepare to follow suit.

Florida 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Valley National is targeted by investors spooked by NYCB's loss

American Banker

Valley National, based in Morristown, New Jersey, has a high exposure to commercial-property loans relative to its peers. 31, with heavy exposure to New York, Florida and New Jersey. The bank reported that almost half its $50.2 billion loan book was in commercial real estate as of Dec.

article thumbnail

Apple To Shutter 30 More US Stores Again Amid Pandemic

PYMNTS

As instances of the coronavirus quickly increase in a number of regions across the nation, Apple plans to shutter 30 more stores in the United States on Thursday (July 2) at the latest. The closures announced on Wednesday include many stores in the vicinity of Los Angeles and the last two open stores in Florida.

Apple 131
article thumbnail

Popular Association Banking’s Molly Hime to Retire. Carlos Hernandez Named New Division Manager.                                       

PopularBank

Molly has been with Popular Bank since 2005 and was instrumental in growing PAB into a $2 Billion loan portfolio business and the national platform it is today. Carlos has been with Popular since 2005 and most recently was head of Retail Banking for the South Florida Region. Billion in deposits. Billion in deposits.

article thumbnail

Bitcoin Daily: Unicas Opens Physical Crypto Bank Branch In India; Mayor Eyes Investing 1 Pct Of Miami's Reserves In Bitcoin

PYMNTS

In other news, Miami Mayor Francis Suarez, a nonstop social media cheerleader for the notion of building a high-tech ecosystem in South Florida, publicly embraced exploring using cryptocurrency to store some government financial reserves and blockchain to secure processes such as online voting. AMBCrypto reported Wednesday (Dec.

Miami 201
article thumbnail

SMBs Use New Bankruptcy Law To Save Businesses

PYMNTS

June was the top month this year for such filings, with 131 overall, and many were filed in the hardest-hit states like Florida, Texas, California, New York and Illinois. Boso might put another six of his locations into bankruptcy soon, which he calculates could help to save him money and cut down on liabilities, WSJ reports.

Texas 156