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Small banks: Big challenges and big opportunities

Abrigo

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. Declining deposits, higher cost of funds, and ever-increasing competition are just a few challenges these executives are managing.

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How to stress test your ag portfolio

Abrigo

The report, from the Federal Reserve Bank of Kansas City , stated that demand could remain high since futures markets for fall crops show prices are likely to remain low because of the potential for another record harvest. The challenge is that market conditions in this type of lending tend to be volatile.

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Onward Financial’s Employer-Backed Payday Loan Alternative

PYMNTS

I think it is pretty obvious when you read stories about the payday lending industry – and how it goes wrong for customers – that consumers need a better alternative,” Onward Financial Founder Ronnie Washington said. Instead of potentially paying higher fees over a longer period of time, consumers just have bills they can’t pay.

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Non-performing ag loans increase, says lender survey

Abrigo

Bankers are still interested in agricultural investments, but farmers will need to show a strong investment plan as lenders manage risk , the researchers said. Earlier this year, the Federal Reserve Bank of Kansas City reported that non-real estate bank loans made to farmers in the first quarter grew by nearly 8 percent.

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Agricultural Alert!

Independent Banker

This leaves federal crop insurance support as a key risk-management tool. It’s a crucial risk-management tool” for 1.7 million farms and the community banks that lend to them each growing season, Scanlan points out. It’s a crucial risk-management tool” for 1.7 A total of 300 million acres are covered by crop insurance.

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The 2018 GonzoBanker Awards

Gonzobanker

PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit. GonzoBanker of the Year – Mid-Size Banks. Pedal to the Metal Award.

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