Many lenders are looking for ways to mitigate risk and ease economic burden for their customers amid a predicted recession. Three community bank lenders share their advice for lending during an economic downturn.
Category: Lending
Maintaining momentum in an unpredictable lending landscape
In the past few years, the lending landscape was unpredictable, to say the least. Community bankers look back at what happened in 2022 and what’s on the road ahead.
Using digital lending helps to reach small businesses
Improving the small business loan experience is a great way to build new relationships and deepen existing ones. We spoke with industry specialists about the priorities for community banks as they build a digital loan process for small businesses.
Mark Scanlan: Nobody serves rural America better than community banks
ICBA is dedicated to ensuring the role of community banks is properly communicated to policymakers so community banks can remain viable and compete on a level playing field.
Entering the cannabis banking market
While the legal status of banking cannabis-related businesses remains fuzzy at the federal level, community banks in some states are finding that, with proper controls, they’re able to enter this niche market and offer banking services to these local businesses.
How New England banks are supporting the tourism industry
Welcome, leaf peepers! Now that autumn is here, it’s time to take a road trip and meet the community banks that call New England home, making an impact on their communities and helping local tourism survive and thrive, year-round.
Community bank’s role in rural prosperity
Community banks provide unflinching support to farm customers in a competitive banking landscape, shrinking market and challenging regulation. Despite the obstacles, these ag lenders have found ways to plant seeds of growth for their clients.
Commercial real estate outlook
The commercial real estate market is changing, as demand for new construction grows along with rising costs and interest rates. How do community banks fit in the bigger CRE picture? Lenders share some of their insights into operating in this fluid market.
How community banks can help young homebuyers
As house prices skyrocket, student loan debt grows and wages stagnate, many Gen Zers and millennials are watching their homebuying dreams move out of reach. But there are ways community banks can help mortgage-seekers get on the property ladder.
5 ways to shake up your lending strategy
A new approach to loan protocols is just one way for community banks to grow in new and different directions. Assessing best practices, rates, marketing efforts and more can position loan producers for future success in unpredictable market conditions.