Interest rate swaps and loan modifications with COVID-19 Jun 30th 2020 09:06am on Business, Lending, Sponsored, Sponsored Content Interest rate swaps and loan modifications with COVID-19 Jun 30th 2020 09:06am on Business, Lending, Sponsored, Sponsored Content SPONSORED | Business owners need loan modifications quickly. Utilizing interest rate swaps may be the best option for community banks to meet that demand. PCBB explains how.
COVID-19’s ripple effect on lending Jun 01st 2020 12:06am on Banks, Business, Commercial, Industry Insight, Lending, slide The COVID-19 pandemic has reshaped daily life, including how community banks and their business customers interact. It’s precisely because of the crucial role they play in their communities that community banks have stepped up to aid customers, provide financial relief and continue to make loans during this uncertain time. By Beth Mattson-Teig Community bankers are […]
504 loans could help your business customers. Here’s how May 01st 2020 08:05am on Business, Focus, Lending While not the most popular SBA loan program, 504 loans may offer an attractive financing option for both new and seasoned small business customers. They’re another tool in community banks’ toolbox for fostering small businesses’ success, at a time when they need support more than ever. By Beth Mattson-Teig The Small Business Administration’s 504 Loan […]
ICBA’s best-performing community banks May 01st 2020 08:05am on Agriculture, Banks, Business, Consumer, Industry Insight, Lending, Mortgage, slide Our annual list of the year’s top-performing community banks boasts institutions that focus on efficiency and the personal service that builds strong, lasting relationships. Their success last year has set them up to ride out this year’s storm. Less Than $300 Million By William Atkinson State Bank of Wheaton stays lean and green Drew Donnelly, […]
Banks that found their niche lending markets Apr 01st 2020 12:04am on Business, Focus, General, Lending Technology has blurred community banks’ geographic borders for some lending niches—but for others, face-to-face remains the gold standard. These community banks know one size doesn’t always fit all. By Katie Kuehner-Hebert The gold standard for community banks is finding a lucrative lending niche, but how do you decide which delivery channels are best for which […]
What does 2020 have in store for lending? Jan 01st 2020 12:01am on Business, Focus, Lending, Mortgage Varying interest rates and a mixed outlook for the economy kept community bankers on their toes over the past year, but what can they expect lending to look like this year? By Beth Mattson-Teig Community bankers are trying to read the tea leaves on expectations for lending activity in the coming year in the wake […]
Twin City Bank: A leader in banking cannabis Dec 02nd 2019 12:12am on Business, Commercial/Business, Connections, Lending, Regulation & Compliance Twin City Bank in Longview, Wash., has been serving marijuana-related businesses for more than five years, making it a veteran in such a new—and quickly growing—industry. By Katie Kuehner-Hebert Name: Twin City Bank Assets: $58 million Location: Longview, Wash. Twin City Bank in Longview, Wash., has been banking marijuana-related businesses (MRBs), also referred to as cannabis-related […]
How Bank of Labor powered an industry sea change Dec 02nd 2019 12:12am on Business, Connections, Lending, Marketing, Membership, Uncategorized With a single loan, Bank of Labor in Kansas City, Kan., changed the lives of a group of lobstermen in Maine, more than 1,500 miles away. The community bank even made an award-winning short film about it. By Margaret Littman It was clear something had to change. A group of lobstermen were waking well before dawn […]
Could hemp be your bank’s next lending market? Oct 01st 2019 12:10am on Agriculture, Business, Focus, Lending The 2018 farm bill opened the floodgates for banks looking to service hemp growers and businesses. But there are still decisions that state and federal regulators, as well as community banks and producers, need to make regarding this market. By Katie Kuehner-Hebert While Congress debates whether banks can serve cannabis-related businesses, the federal government is now […]
Community banks are still in limbo on cannabis Sep 01st 2019 12:09am on Agriculture, Business, Focus, Lending For financial institutions, banking cannabis-related businesses remains in legal purgatory due to conflicting state and federal laws. But some banks are making the business case for banking these customers before federal protections are put in place. By Judith Sears Conflicting federal and state laws are keeping the banking of cannabis-related businesses (CRBs) in limbo. As […]
