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FinTechs Take A Regional Approach To SMB COVID-19 Relief

PYMNTS

Below, PYMNTS rounds up the latest solutions that FinTechs and lenders are developing to ease the PPP lending process for SMBs and FIs alike, with many initiatives focused on enabling regional and community banks to maintain a competitive edge against the biggest banks. Citizens Bank Of Edmond. LendingTree. Fresno First Bank.

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What Goes Up …

Independent Banker

Coping just fine, community banks in energy-producing regions manage the oil-price plunge. Texas and Oklahoma banks “got killed in the mid-1980s,” he says. Happy State Bank’s 32 offices are spaced over 500 miles, giving the bank’s lending portfolio geographic diversity. New energy regions adapt.

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The top-performing community banks of 2021

Independent Banker

In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. Oklahoma City. Genesee Regional Bank. Underlying BankVista’s success has been a management philosophy focused on open debate about how to improve, Freeman adds.

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Bankers: Is your strategy the same as your competitor?

Jeff For Banks

Lending services include commercial loans to small to medium-sized businesses and professional concerns as well as consumers. The Bank also offers wealth management and trust services. We are primarily a secured lender, with our greatest concentration of loans in Texas. The Company’s website address is www.prosperitybankusa.com.

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