Community banking

Coronavirus scuttles major credit union-bank deal

05/12/20

Suncoast Credit Union and Apollo Bank said the pandemic complicated their efforts to secure regulatory approval.

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Lenders worry they could be stuck with billions in PPP loans

05/11/20

Banks could end up holding many low-rate Paycheck Protection Program loans on their books for two years, and dealing with irate borrowers who failed to meet federal requirements for forgiveness.

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Bankers fear massive borrower fraud in PPP

05/07/20

Up to 12% of loans under the $660 billion small-business rescue program could be tied to misleading or completely phony applications, fueling concerns about lenders' potential liability.

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Federal systems' tech flaws laid bare by coronavirus crisis

04/30/20

It's time for agencies like the Small Business Administration to stop playing catch-up and invest in state-of-the art technology.

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Small banks hope relief efforts lead to big gains in market share

04/27/20

Community banks that have used the Paycheck Protection Program to help businesses ride out the coronavirus outbreak are looking to turn that goodwill into deeper loan and deposit relationships down the road.

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First Defiance rebrand to reflect recently closed merger

04/22/20

The Ohio company, which bought United Community Financial in February, will start operating as Premier Bank later this summer.

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Revive the Treasury’s Small Business Lending Fund

04/22/20

The program, created in response to the 2008 financial crisis, generated $19 billion in small-business loans. It could be used as a viable path out of the coronavirus pandemic.

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Prioritize community banks in next small-business rescue plan

04/21/20

Small banks are a lifeline for many local businesses and should be given first crack at distributing funds from a continuation of the federal stimulus program.

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West Virginia bank buys fraud prevention firm

04/20/20

MVB Financial plans to use Paladin Group to advise its bank and a number of its fintech clients.

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CRA reform amid coronavirus would fuel discriminatory lending

04/20/20

Minorities are often hit harder financially during a crisis, but if regulators move forward on revamping the Community Reinvestment Act, they’ll only make matters worse.

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