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The deals lets a North Carolina group skip the de novo process. West Town, which sold the bank, will use the funds to support a fast-growing business line.
May 10 -
Lenders say they are seeing a rise in synthetic identity and other types of attempted fraud. Here’s what they are doing to thwart it.
May 7 -
Lawmakers from both parties oppose a Small Business Administration proposal to raise guarantee fees. The clash could lead to a halt in operations this fall.
May 7 -
The National Credit Union Administration and the Small Business Administration have established a program to boost SBA lending by credit unions, which was very light last year. It is sure to irk bankers, who have raised competitive concerns.
May 3 -
The online small-business lender said it tightened its underwriting standards during the first quarter as credit quality worsened.
May 2 -
The good times continue to roll for two New York City marshals whose work collecting debts for predatory lenders is making them millionaires.
April 30 -
Chantel Chase knows the value of efficiency, and her many ventures at Zions Bancorp. have depended on it.
April 29 -
Readers respond to the debates over economic inequality and CEO pay disparities, weigh in on FDIC board membership, consider LendingClub exiting small-business lending and more.
April 25 -
Instead the online lender will refer commercial prospects to two partner companies as it seeks to focus on its core personal lending business.
April 23 -
The findings of a new survey suggest that banks risk becoming irrelevant unless they match the speedier processes that are a key selling point for online lenders.
April 16