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Cullen/Frost boosts loan growth forecast despite higher-for-longer rates

American Banker

The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.

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Study: US Housing Market Slows Down As Homeowners Stay Put Longer

PYMNTS

homeowners’ decision to stay in their homes longer is keeping much-needed inventory off the real estate market, causing a slip in home sales. The predicament has reduced the number of homes for sale, making for a more competitive market for buyers. Homeowners age 67 to 85 are remaining homeowners longer causing a shortage of 1.6

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eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff

PYMNTS

Lime is striving to reach profitability in 2020 and is laying off about 14 percent of its workforce — roughly 100 people — and ceasing operations in 12 markets, according to reports on Thursday (Jan. These market closures have an effect not just on riders, but on our whole Lime community. More global markets planned for this month.

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As house prices soar, Frost offers mortgages to lower-income Texans

American Banker

The San Antonio-based lender is introducing new products targeted at borrowers who make less than 80% of their county's median income. The loans, which will qualify for Community Reinvestment Act credit, could help expand access to the state's increasingly expensive housing market.

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Market your community bank with first-party data

Independent Banker

Illustration by The Laundry Room/Stocksy Customer data fuels efficient and effective marketing these days. Andrew Catalano, Austin Williams While most community banks aren’t yet using first-party data for marketing purposes to grow revenue and retain customers, experts say those willing to invest in the effort can reap big rewards. “To

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7-Eleven Launches Beer Delivery In Select US Markets

PYMNTS

” According to Fortune , the company will test the service in 18 markets: Austin, Texas; Charlotte, North Carolina; Chicago, Illinois; Dallas-Ft. Convenience store operator 7-Eleven is launching beer and cider delivery in select U.S. Customers can place their beer orders via the 7Now app. Worth, Texas; Los Angeles, California; Miami-Ft.

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Amazon Announces Next Whole Foods Delivery Expansion

PYMNTS

Grocery delivery for Prime members is taking its next great leap forward as Amazon and Whole Foods have announced that Prime Now Grocery is expanding to Chicago, Houston, Indianapolis, Minneapolis and San Antonio. Customers can start shopping from Whole Foods Market selection from the Prime Now website or by using the app available.