Community banks

Why banks are putting PPP forgiveness on the back burner

08/10/20

The Small Business Administration began accepting applications Monday, but lenders such as JPMorgan Chase are holding off in hopes that Congress will grant blanket forgiveness for smaller Paycheck Protection Program loans.

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Triumph in Texas discloses issue with recent asset purchase

08/10/20

The company said it has concerns about a large amount of accounts receivable it bought in July.

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Florida trust company applies to become a state-chartered bank

08/07/20

Cypress Trust Co. has requested deposit insurance from the Federal Deposit Insurance Corp.

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There's no replacing the human touch of branch banking

08/06/20

The coronavirus pandemic has forced some branches to close, but demand for in-person advice remains strong.

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More banks opt to sell PPP loans as heavy lifting nears

08/05/20

Many sellers are ditching the loans to avoid the cumbersome forgiveness process. For others, the Paycheck Protection Program was never a strategic fit.

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As lawmakers weigh PPP reforms, bankers want them to think big

08/04/20

Besides reauthorizing the Paycheck Protection Program, Congress should upgrade the loan forgiveness process, offer businesses the chance to take out a second loan and ensure the pricing satisfies lenders, bankers say.

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Investors struggle to get clear read on small banks

08/04/20

Community bank earnings are usually easy to understand, but loan deferrals and modifications as well as the complexities of the Paycheck Protection Program are skewing financial statements.

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Organizers propose new bank in Ohio

08/04/20

First Bank of Central Ohio would be based near Columbus, where another group opened a bank last year.

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Prominent credit union blogger shares final post

08/03/20

Keith Leggett, a former economist at the American Bankers Association, has overseen Credit Union Watch since 2009.

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Banks get creative in containing hotel credit risk

08/02/20

No two properties are alike, so lenders are tailoring their approaches for modification, forbearance and repayment of loans to a sector devastated by the pandemic.

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