Millennium Bank in Tennessee has quickened approval times on loan applications by using software that frees lenders from repetitive, manual tasks. The result: Loan balances have increased by more than 50% in less than two years.
Community banks are slowly warming up to the pricey technology to reduce their reliance on branches, speed up transactions and provide convenience for customers.
China’s threat to impose hefty tariffs on dozens of U.S. imports could weaken demand for soybeans, pork and other agricultural products. Here's what that could mean for farmers, ranchers and the banks that lend to them.
Forget ROA and efficiency ratio. When it comes to buying stakes in small banks, many investors are looking at indicators like commodities prices, executives' ages and city-by-city market conditions.
United Community in Georgia tried hiring Lynn Harton in 2006, but he took another job. They kept in touch, and he's now poised to become the company's CEO.
First International Bank plans to rename the company Kotapay, while expanding services that include handling direct deposit and credit card processing for financial firms.
