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Community Bank CEO Outlook 2022: Your priorities for the new year

Independent Banker

Fortunately for Red River Bank, loan demand is picking up in Louisiana as cities stabilize from the pandemic and businesses reopen. That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%).

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The United States Of Fintech Startups

CB Insights

Collectively, these startups have raised over $9.5B, with leading companies including lending startup Avant (Illinois, $655M in total disclosed equity funding), next-gen auto insurer Root Insurance (Ohio, $509M), restaurant finances management system Toast (Massachusetts, $503M), and small business lending startup Kabbage (Georgia, $490M).

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What Goes Up …

Independent Banker

Coping just fine, community banks in energy-producing regions manage the oil-price plunge. Happy State Bank’s 32 offices are spaced over 500 miles, giving the bank’s lending portfolio geographic diversity. Today, Happy State Bank lends more conservatively as oil prices move higher. By Howard Schneider. New energy regions adapt.

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Uber’s Loss Leaders, LendUp’s Big Push And Citi’s Continuing Costco Calamity

PYMNTS

The flooding in Louisiana — and the various tragedies associated with it — is the dark side of this truism. Gaston blew out to sea without ever reaching land, and Hermine, as of yet, has not managed to form. The four-year-old firm comes to card-based lending from small-dollar, short-term loans with high interest rates.

Cards 101
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Data Dive: The Yes, No, Gotcha! Edition

PYMNTS

Good Tax Lending Karma. Because filing taxes with Credit Karma Tax is completely free, not only can Americans keep their entire refund, Earlybird Advance can also help them get some money sooner,” said general manager Jagjit Chawla. The announcement, however, has further complicated the financial management side.

Taxes 105
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15 Minutes With … Jimmy Rasmussen

Independent Banker

Rasmussen: Yes, it is an honor to serve the Group 3 Banks in Texas, southern New Mexico and northern Louisiana for three more years. Our lending strongly supports our tourist economy. IB: You were recently reelected to serve a second term on the Federal Reserve Bank of Dallas board of directors.

Dallas 131
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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

million for its P2P lending platform for small businesses. Alt-lender focused on lending against existing automobile titles. P2P real estate lending marketplace. Peer-to-peer lending marketplace. Tags: Consumers, youth market, lending, loans, credit, underwriting. SmartAsset raised $3.8 Qumram raised $2.5

Company 12