Community banking
For too long, Community Reinvestment Act enforcement has relied on income to serve as a proxy for race. This must stop.
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BayFirst Financial in Florida is using gross — not net — income to calculate how much credit smaller enterprises can be granted. Company officials say the Paycheck Protection Program used that approach with great success, but others contend the practice is risky for private-sector lenders.
August 3 -
The Massachusetts bank used data analytics to improve onboarding, cross-sell more effectively and prevent attrition.
August 2
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A combination of higher organic loan growth and fee-based revenue streams powered top-performing banks in 2021.
July 29 -
Some scrutinize quarterly reports for details that can help better compete against banks. Others are motivated by schadenfreude.
July 15 -
While larger lenders retreat from the sector, SouthWest Bank recruited a new team to lend to drillers.
July 13 -
Almost 100% of small-bank executives who responded to a recent IntraFi survey say they expect the U.S. economy to fall into a recession by next year. The top reason why: an overcorrection by the Federal Reserve as the central bank tries to tame inflation.
July 13 -
The Nashville bank has recruited a veteran commercial lender in Asheville who had worked with First Horizon, and it has hired four more bankers in Chattanooga.
July 11 -
Spiking interest rates, increased regulatory scrutiny, and mounting recession fears have all contributed to a deceleration in mergers in 2022.
July 10 -
Community development financial institutions will receive low-interest loans from Bank of America and use that money to fund the development of primary health care centers in communities of color and rural areas.
July 1
