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In merging with First Midwest Bancorp, the Indiana company would finally gain a presence in the Midwest’s largest city.
June 1
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On Mar. 31, 2021. Dollars in thousands.
June 1 -
The U.S. unit of Toronto-Dominion Bank plans to invest in CDFIs and specialized funds that serve Black, Hispanic and other diverse business owners in its East Coast territory.
May 28
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Nearly a quarter of Black business owners seeking Paycheck Protection Program loans last year applied to fintechs — not far behind the percentage that turned to community banks, according to a New York Fed study. Deepening those new relationships could be a major source of growth for online lenders.
May 27
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Huntingdon Valley Bank in Pennsylvania and First Savings Bank in Indiana are among the banks extending their relationships with software providers to make small-business lending more efficient after the Paycheck Protection Program is phased out.
May 26
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Under a plan signed into law in March, the agency will first target direct loans that it has made to socially disadvantaged farmers. Guidance that will affect small banks that have made government-backed agricultural loans is due in 120 days.
May 21
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The Small Business Administration’s sluggish pace in forgiving the biggest Paycheck Protection Program loans is straining relations between banks and some borrowers.
May 20
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The maker of software that helps banks offer "buy now, pay later" loans at the point of sale says its latest funding round has pushed it into unicorn status.
May 18
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The Amsterdam bank offers to directly credit a small business's invoices early after a vetting process — but before the invoice is paid.
May 17
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On Dec. 31, 2020. Dollars in thousands.
May 17 -
On Dec. 31, 2020. Dollars in thousands.
May 17 -
JPMorgan Chase, the biggest funder of fossil-fuel companies globally, is pledging a 35% reduction in “operational carbon intensity” for its oil and gas portfolio by the end of this decade.
May 13
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Applications for small business and commercial real estate loans are rising, creating some optimism among lenders — and more temptation to loosen standards to land those borrowers.
May 13
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The Pennsylvania company will offer commercial loans and treasury management services after hiring bankers in Dallas and Orlando.
May 12 -
Some worry the Senate’s rejection of the OCC rule hampers efforts to clarify legal standards for banks selling loans to fintechs.
May 12
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On Dec. 31, 2020. Dollars in thousands.
May 10 -
About 13% of Pacific Mercantile Bancorp's loans are tied to high-risk sectors such as entertainment and food services. The company must build shareholders' equity or its loan-loss allowance above last year's levels to make sure the sale goes through.
May 6
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Younger is an executive director on BBVA's loan syndication team.
May 5
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The head of government guaranteed lending at WSFS, Caruso aims to parlay the bank's success with Paycheck Protection Program lending to better serve early-stage small businesses.
May 5
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As chief credit officer, Horton oversaw the bank's certification as a Small Business Administration lender and participation in the Paycheck Protection Program.
May 5
