Community banking

The issue had forced the Los Angeles company to scuttle its deal to acquire U&I Financial in Washington state.

In providing aid, banks can earn Community Reinvestment Act credit and burnish their reputation.

The nonprofit is turning to banks and social impact investors to support a newly created fund designed to significantly increase the size of its loan portfolio over five years.

The Seattle company first disclosed an issue in September, when it withdrew an application to buy Anchor Bancorp.

A debate is brewing about whether rising rates mean banks must pay more to hold onto deposits from city and county governments — and whether they are worth it. Some would say no question on both counts, while others say it all depends on the financial strategy of the client and how badly the bank needs that client.