Small business

A number of community banks have gotten into government-backed small-business lending by buying firms or poaching talent. While the business seems lucrative now, there are concerns that too many banks may be jumping into the pool.

Fundation Group, an online small-business lender, has hired an industry veteran as its first chief operating officer.

Live Oak Bancshares in Wilmington, N.C., one of the largest 7(a) program lenders in the U.S. last year, has promoted Greg Thompson to chief operating officer.

A former M&T Bank executive was sentenced to 39 months prison time for leading a fraudulent scheme involving about $5.3 million in small-business loans.

Officials who assess how well banks lend and invest in their communities seem out of sync with the experiences of Main Street.

Financial institutions considering whether to bank marijuana-related businesses often receive inaccurate information about the emerging industry. Here are five common myths.

The $933-million asset institution said in a press release Tuesday that the technology, provided by Louisville-based R.C. Giltner Services, will enable consumer and small-business customers to complete the loan application process in minutes.

California regulators on Monday identified 14 companies that the state is targeting as part of its recently announced inquiry into the marketplace lending industry.

Under Jill Castilla, the once-sleepy Citizens has been transformed into a thoroughly modern institution that has become a model for other small banks trying to stay relevant in an increasingly competitive financial services marketplace. For that reason and more, she is one of American Banker's three community bankers of the year.

Despite their own vast resources, some large banks are partnering with fintech startups to help them meet the needs of one of their trickiest market segments: small businesses