News Topic: Commercial lending

Community banks, big commercial banks and Wall Street investment houses are finding common ground in small-business loan funds that help Main Street, minimize potential losses on credit extended to young companies and sometimes lead to new business ... Read full article

Ann Marie Mehlum, who has joined a lending platform called SmartBiz Loans after stints as a community banker and an SBA official, says the combination of fintech and old-fashioned banking could bring back small-business loans under $100,000. ... Read full article

The fired chief executive of a New York-based trade group representing asset-backed lenders has sued the group, claiming he was wrongfully dismissed after raising concerns about conflicts of interest and a lack of auditor independence. ... Read full article

In his new role at the nation's largest bank, Andrew Kresse will manage the business that serves companies with up to $20 million in annual revenue. ... Read full article

Gerald Nadeau has been the company's top commercial lending executive since 2007. ... Read full article

Selling a participation in a line of credit to the Puerto Rico Electric Power Authority reduced the company's nonperforming assets by 9%. ... Read full article

Lower tax rates won’t be unqualified good news for banks, as a lower rate would reduce the savings that they get from making tax-exempt loans to cities, counties and other governmental agencies. ... Read full article

The sale to Tokyo Century Corp. will help accelerate CIT's transformation into a more traditional small-business and middle-market lender. ... Read full article

The mutual's conversion could bring in up to $22.5 million in proceeds. ... Read full article

The New York bank will double in size while gaining greater access to Long Island and low-cost deposits that should come in handy as interest rates rise. ... Read full article

Vacancies and rent-slashing have some banks worried that certain markets are overheating, but others say the decline in nonperforming loans is a sign the sector has never been healthier. ... Read full article

KPMG said Webster did not properly document a change in the way it calculates its provision for loan losses. The bank does not expect to restate its financial results or incur any meaningful increase in costs because of the problem. ... Read full article

Banks are seeing mostly positive or neutral trends in loan demand and broader economic indicators in the first six weeks of 2017 and are upbeat about future prospects, according to the Fed's Beige Book. ... Read full article

The largest U.S. bank’s yearslong effort to do more business with midsize commercial firms has progressed in fits and starts but never met expectations. More patience will be required, but executives say the payoff could be sooner rather than later. ... Read full article

Commerce Union had been focused on expanding around Nashville, Tenn., until a lender based 120 miles away was available to hire. ... Read full article

The Pittsburgh company is acquiring the U.S.-based commercial and vendor-finance operations of ECN Capital. ... Read full article

If Washington lowers taxes as much as banks and the rest of corporate America hope, it will yield a bonanza of earnings per share, new tech investments or investor dividends … right? Not exactly, bank leaders warn. ... Read full article

The OCC wants California First to implement “prudent concentration limits” on leveraged loans. ... Read full article