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Trust and tax services: Worth offering?

Independent Banker

To satisfy the banking needs of some commercial and high-net-worth clients, some community banks provide trust and tax strategy services. These banks report that specialized services are a way to deepen their already close customer relationships. For some banks, those services include specialty trust and tax strategy services.

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Silicon Valley Loses Grip On Tech Firms

PYMNTS

Remote work practices and policies made necessary by COVID-19 and embraced by employees and companies alike are taking a toll on Silicon Valley, The Wall Street Journal reported Sunday (Dec. And just weeks earlier, Hewlett Packard Enterprise announced it was moving its headquarters to Houston, Texas from Silicon Valley.

San Jose 266
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Lockdowns Drive Lower Revenues For ATM Owner Cardtronics

PYMNTS

The Houston-based company reported that total revenues fell by 4 percent to $306.6 Cardtronics reported GAAP net income of $5.8 The company’s adjusted earnings before interest, taxes, depreciation and amortization of $63.7 million, down from $318.3 million compared to Q1 in 2019. . million, down 4 percent from $302.6

ATM 131
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Casino Reopenings Draw In Gamblers Despite Online Gaming Surges

PYMNTS

Casinos in Mississippi and Louisiana are reopening this week, and visitors are traveling long distances and waiting in lines to enter the facilities, according to a report from The Wall Street Journal. One person cited in the report drove from Houston to Louisiana with her family for the reopening of casinos on Monday.

Online 130
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Buying into AML risks in real estate

Abrigo

In 2016 when the Panama Papers exposed an international network of offshore entities involved in tax evasion, fraud, and sanction evasion, some of which included real estate holdings, regulations began to change. Abrigo can help institutions of all shapes and sizes to monitor, track, and report suspicious real estate-related activity.

El Paso 195
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Study: US Housing Market Slows Down As Homeowners Stay Put Longer

PYMNTS

Housing inventory has fallen to its lowest level in 37 years, with homeowners staying the longest in Salt Lake City, Houston, Fort Worth, San Antonio and Dallas, more than eight years longer than they did in 2010. “In million homes, according to a report by Freddie Mac.

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Cardtronics Posts 22 Percent Revenue Growth

PYMNTS

The company, which is based out of Houston, TX and operates globally, had total revenues of $402 million in the quarter ending September 30, 2017 – a 22 percent increase from $328.3 Cardtronics reported that Q3 ATM operating revenues reached $390.1 million net of tax). million, up 24 percent from $314.8 million ($193.5

ATM 108