The community bankers serving agricultural communities know how to roll up their sleeves and help with harvest, move cattle and work alongside their customers. Their commitment to keeping rural communities alive is unmatched in the banking industry. Here are some of the community banks sustaining rural America.
Many community banks embraced the Paycheck Protection Program, building new relationships and deepening existing ones. While the onus of forgiveness is on the borrowers, PPP lenders need to be prepared for the program’s unique auditing challenges.
The dust from 2020 is finally beginning to settle, and that gives us an opportunity to look back at the hard work community banks put in to serve their customers. Our top lenders made the most of one of the toughest years in recent memory through personal connection, ingenuity and dedication to their communities.
Commercial real estate lenders had a stellar year in 2019, but the pandemic hurt that momentum. According to experts and the latest data, however, some sectors of the CRE lending market are beginning to move full steam ahead, and deposit-laden community banks, like Cadence Bank, are primed to fulfill that demand.
Even with the disruption of the pandemic, 2020 was a huge year for mortgage lending, with many community banks seeing record numbers of home loans, refinancings and more. The question is whether that momentum will continue.
The pandemic significantly changed the landscape for construction lending, but with the possibility of economic recovery on the way, there are opportunities to grow your community bank’s construction portfolio.