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Green Bancorp has pivoted from the troubled energy-lending market to SBA loans, which are appealing to more small banks because they can be sold at a premium and are getting more support from Washington.
July 6 -
The addition of Sean Glithero as CFO is one of several new hires by the online small-business lender.
July 3 -
The online small-business lender has also announced the hiring of a new U.S. head of capital markets.
June 29 -
A headquarters move to Boston, a core system with plenty of headroom and a CEO who admires big acquirers like M&T and the old Banknorth: All the signs are there of an ambitious bank with a plan.
June 23 -
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.
June 19 -
The New York firm, which offers high-cost credit to small businesses, has attributed its recent struggles to certain loans performing worse than had been expected.
June 13 -
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.
June 13 -
The Utah company has similar arrangements with Staples, GoDaddy and LegalZoom.
June 13 -
Customers were previously required to provide access to their accounting software, but now they can connect a business bank account instead.
June 13 -
Bill would replace much of Dodd-Frank but is unlikely to become law; online retailer is expected to expand Amazon Lending program to small businesses in the U.S., U.K. and Japan.
June 8