article thumbnail

CDFIs Kick Off PPP Loan Submissions

Abrigo

Keller, President and Chief Executive Officer of Community Bank of the Bay, a Community Development Financial Institution serving the San Francisco Bay area from its base in Oakland, Calif. “The application came out Friday and we worked on it all through the weekend along with our partners at Abrigo, and we’re ready. SBA Lending.

Lending 195
article thumbnail

Beneficial State Bank’s financial activism

Independent Banker

Location: Oakland, Calif. billion-asset community bank in Oakland, Calif., It’s a CDFI, which means that 60% of lending is made to low- and moderate-income customers or underserved communities. In March 2020, workers at Oakland, Calif.-based Name: Beneficial State Bank. Assets: $1.5 wears this mission proudly.

Oakland 153
Insiders

Sign Up for our Newsletter

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

article thumbnail

How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

PYMNTS

Of course, banks have to be run with safety and soundness to protect those deposits, but they also have myriad public mandates, like fair lending, anti-money laundering and customer privacy. The teams at FinTech startup LendUp and Oakland-based Beneficial State Bank think very differently about that relationship. “It percent to 29.99

Fintech 198
article thumbnail

CFPB announces new appointments to advisory groups

CFPB Monitor

Kukla, Senior Vice President, Center for Responsible Lending, Durham, N.C. DeBery, Senior Vice President, Internal Audit and Risk Management, Bath Savings Institution, Bath, Maine. O’Connor, Senior Vice President, Lending and Operations, Community America Credit Union, Shawnee Mission, Kan. Christopher G. Kathleen J.

Groups 60
article thumbnail

Watch 9 Fintech Startups Pitch at Techstars & Western Union Demo Day (Oct 2020)

Fintech Labs Insights

Description: Alternative credit scoring and lending in emerging markets. Description: Digital banking and spend management platform for global NGOs. Description: Digital wealth manager connecting Africans to U.S. HQ: Oakland, CA. Description: Helps businesses pay, manage and support their gig-economy workers.

article thumbnail

Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

HQ: Oakland, California. Social media management & compliance for financial institutions . Credit risk management. HQ: Trieste, Tags: SMB, credit, lending, trade financing, underwriting, commerce. Tags: Consumer, credit, lending, loans, underwriting, investing, P2P. Latest round: $46 million Series A.

article thumbnail

Fintech Fundings: 28 Companies Raise $400 Million Week Ending May 20

Fintech Labs Insights

Along with the usual payment and lending startups, two insurtech companies raised substantial rounds: Embroker ($12.2 Finovate alums accounted for 40% of the week’s dollar volume including: Personal Capital raised $75 million for its digital wealth management service. Digital wealth manager. Tink raised $10.2