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The Salt Lake City company reported a 21% increase in second-quarter profits, even as its decision to scale back commercial real estate lending muted overall loan growth.
July 23
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The combination of rising interest rates and increased competition from nonbank lenders is prompting many commercial real estate investors to seek better deals elsewhere.
July 23
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The Boston bank said the digital lending platform has cut down the time it takes to deliver loan decisions by roughly 40%.
July 23
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Despite some green shoots in key credit segments, total loan growth was light at many banks last quarter. Rate hikes are threatened, and deposits will get pricier — where will the earnings come from?
July 20
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Avidia Bank in Massachusetts collaborated with Exhibit 'A' Brewing to produce and sell an IPA as part of a plan to boost marketing to small businesses and millennials.
July 20
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That helped push total lending growth to 4% and contributed to strong second-quarter earnings at the Providence, R.I., company.
July 20
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The company will no longer originate indirect auto loans outside of Florida and Georgia.
July 20
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Yet margin improvement proved to be the decisive factor in a strong quarter in which total lending was flat.
July 20
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The bureau determined that Triton Management Group had unfairly charged Mississippi consumers excess interest in violation of state law.
July 19
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An uptick in lending helped to offset declines in both service charges and mortgage banking fees at the Cincinnati company.
July 19
