Community banking

SBA streamlines forgiveness for PPP loans of $50,000 or less

10/09/20

Lenders welcomed the move as a helpful first step but are still urging policymakers to develop a broader, simpler process for expediting the approvals of loans extended to troubled small businesses under the Paycheck Protection Program.

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A 'platform built by us and for us': Black leaders start neobank

10/08/20

Television executive Ryan Glover, rap star Killer Mike and civil rights icon Andrew Young have launched a digital bank for Black and Hispanic consumers called Greenwood Financial.

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Warning signs in loan books: Scruffy lawns, shrinking bank accounts

10/08/20

Deferrals may be hiding credit issues, leading lenders to track deposit flows, property maintenance and other factors to gauge the true health of their portfolios.

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Small banks turn to German fintech for deposit-gathering help

10/07/20

SaveBetter.com from Deposit Solutions lets consumers shop for different savings products through one portal and provides national exposure for participating banks, which include Ponce Bank in New York and Central Bank of Kansas City.

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What's driving skyrocketing demand for boat, RV loans

10/07/20

Many consumers are taking to the highways and the water for safe getaways during the pandemic — powering one of the few bright spots in lending. However, bankers warn that boomlets usually come with distinctive credit risks.

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Group with ties to Michigan brokerage firm applies to form a bank

10/07/20

The proposed Multi-Bank shares an address with the Fort Lauderdale, Fla., office of Multi-Bank Securities.

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Deposit glut could dog banks well into next year

10/05/20

The flood of liquidity that accompanied the pandemic recession isn’t likely to subside anytime soon. Banks will have to employ a mix of securities buying, hedging and other balance-sheet-management tricks to prop up margins longer than initially imagined.

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Mortgage boom raises fears lenders will turn lax

10/05/20

Low rates and intense competition might lead some banks to ease underwriting standards in 2021, when the economy may not yet have recovered.

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Piedmont Bancorp looks to add scale around Atlanta with WestStar purchase

10/05/20

The Georgia company will add nearly $200 million in assets as part of the acquisition.

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Small banks urged to hone skills acquired during pandemic

10/02/20

The coronavirus outbreak has taught community bankers to think on their feet and experiment. Speakers at an industry conference this week advised their peers to stay innovative to ensure they endure in a changing world.

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