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MutualFirst Financial (MFSF) in Muncie, Ind., has exited the Treasury Department's Small Business Lending Fund.
December 24 -
First Merchants (FRME) in Muncie, Ind., has exited the Small Business Lending Fund.
November 26 -
New technologies, strict employee training, cost control and a little psychology are some of the things small-business lenders have tried to counter falling demand and bargain shopping.
November 8
Central Valley Community Bancorp in Fresno, Calif., has redeemed $7 million of preferred stock issued to the Treasury Department under the Small Business Lending Fund.
The $1 billion-asset Central Valley bought back all 7,000 shares of outstanding preferred stock issued to the Treasury in August 2011 at $1,000 a share, according to a
The SBLF, created as part of the Small Business Jobs Act of 2010, provides community banks with capital in order to spur lending to entrepreneurs. The Treasury had invested $3.9 billion in 281 banks as of June 30, 2013.
