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The bank is pledging to lend another $2 billion in a market where it has invested $3.6 billion in various community development initiatives since 2016. Most of the new funds will be used to make loans to small businesses that operate in low- and moderate-income neighborhoods.
April 5 -
On Dec. 31, 2018. Dollars in thousands, except for average loan amount.
April 1 -
StreetShares will add to its line of financing products with a credit card specifically for small-business owners with a military background.
March 28 -
Regional and community banks are working to finance the economic development districts created by the new law. But they have lots of questions about how the program works — and thoughts on how to improve it.
March 26 -
AI-driven customer insights, mortgages and small-business loans are among the features in the app, which the bank is rolling out Friday.
March 24 -
The Connecticut bank, which has been unable to complete a pending deal for an SBA platform, has managed to build the business anyway.
March 13 -
The Nusenda Credit Union Foundation, which is being honored with a Wegner Award, works with its partners to find creative solutions to unmet needs, including its mircolending program, Co-op Capital.
March 11 -
The bank will fund community development financial institutions that lend to women-owned businesses backed by the fashion designer's foundation.
March 7 -
Pacific Mercantile and P2Bi are collaborating on a program to help businesses that are not ready for traditional bank financing.
March 7 -
Karen Mills, who led the Small Business Administration from 2009 to 2013, is joining the Eastern Bank spinoff Numerated as an adviser and investor as it tries to bring online-lending technology to community banks.
March 6