Community banking

This is no time for CRA reform

04/08/20

Community advocates would like to see changes to the 1977 Community Reinvestment Act, but say regulators should suspend such efforts until the coronavirus pandemic has passed.

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Another bank merger is delayed because of coronavirus outbreak

04/08/20

Pinnacle Bankshares and Virginia Bank Bankshares said the move will let each bank focus more on responding to the COVID-19 pandemic.

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Texas bank's leader takes leave after contracting coronavirus

04/08/20

Spirit of Texas Bancshares named an interim CEO for Dean Bass, though the company said he is recovering.

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How small banks can help small companies get through coronavirus

04/07/20

The government should encourage community lenders to offer six-month loan repayment forbearances to struggling businesses before it’s too late.

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Small banks struggle to get SBA to return calls, process emergency loans

04/03/20

While the federal government is touting the early success of the Paycheck Protection Program, community banks are complaining about headaches and glitches.

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Connecticut bank halts small-dollar loan program due to high demand

04/03/20

The $5.9 billion-asset Liberty Bank in Middletown had set aside $5 million to make small-dollar loans to customers affected by the coronavirus pandemic.

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Organizers plan women-owned bank in Houston

04/03/20

The proposed Agility Bank would rely heavily on digital offerings. It is pursing a national charter with the Office of the Comptroller of the Currency.

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Banks can stand among the economy’s first responders

04/02/20

Lenders can offer deferred payments and capitalize on digital banking to help small businesses and consumers get back on their feet.

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How the coronavirus response could transform SBA

04/01/20

The pandemic may force the Small Business Administration to rely more on fintechs and digital channels to hasten loan approvals, a shift that could stick.

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Emergency loan program to accept applications on Friday

03/31/20

The Treasury Department and Small Business Administration are responsible for distributing $350 billion in coming months.

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