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Banking's Top 5 Total Return to Shareholders: 2023 Edition

Jeff For Banks

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance more than those that make those investments. First Citizens Bank was founded in North Carolina in 1898 as the Bank of Smithfield.

Fresno 103
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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” Under former Director Cordray’s leadership, the CFPB took action against structured settlement and pension advance companies.

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CEO Roundtable: Ideas for a successful 2023

Independent Banker

One of the biggest challenges is simply navigating market uncertainty related to Federal Reserve policy and the direction of the economy. Anita Drentlaw , CEO, president and CFO at $190 million-asset New Market Bank in Elko New Market, Minn. So we’re careful when we lend out commercial real estate loans. James Sills.

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Nurturing New Businesses

Independent Banker

Of course, community banks are the primary economic engines behind small businesses on Main Street America, funding more than 60 percent of all small-business lending. Some startups may be the brainchild of an engineers with a feature-rich product, but with no idea how to market it or even if a market exists for their gee-whiz product.

Miami 70
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The 2019 GonzoBanker Awards

Gonzobanker

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. This was a terrific combination of two education-focused cooperatives across both Southern and Northern California markets. It’s early but it’ s a great entry to the market and our industry.

Idaho 148
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Banking's Top 5 Total Return to Shareholders: 2021 Edition

Jeff For Banks

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. MCBS, with a market cap of $705 million, and LTM revenues (net interest income plus fee income) of $125.5

Capital 78
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The 2023 GonzoBanker Awards

Gonzobanker

Merger of Equals Deal of the Year (Credit Union) – Spire Credit Union and Hiway Credit Union put 2+2 together to make a $4 billion institution in the Minnesota market. While Huntington is down like most bank stocks, the pain hasn’t been as severe, and Huntington doubled down on local markets in 2023 by consolidating business units.

Fintech 195