Small business lending

The Pittsburgh bank is developing new products, simplifying old ones and modernizing its workplace based on detailed feedback from consumers, small businesses and employees in an attempt to create a bank they all like better.

Deciding it had had enough of problem energy credits, Houston’s Green Bancorp shifted capital to Small Business Administration loans, increasingly popular among community banks because of the premiums they fetch from investors and Washington's increased commitment to the guarantee program.

The online small-business lender has also announced the hiring of a new U.S. head of capital markets.

Tim Welsh will succeed Kent Stone, who is retiring. In his new role, Welsh will oversee the bank’s overall consumer and small-business strategy, as well as digital activities.

JPMorgan Chase’s partnership with OnDeck Capital was expected to augur a wave of similar agreements between banks and online business lenders. But so far, most banks have avoided joining forces with companies they also view as competitors.