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Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

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Which loan types are fueling bank growth?

Abrigo

commercial bank loan portfolios have continued to expand. As of the third quarter of 2014, the total value of portfolios was $7.4 Which areas of lending and what banks are driving the expansion? A recent issue of Banking Insights , published by the Federal Reserve Bank of St. Following the recent recession, U.S.

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Spotlight on lending: Commercial loan growth geographically

Abrigo

banks is up $157 billion from the same period in 2013. However, Q3 commercial lending is down from the beginning of 2014 (quarter ending 3/31/2014) by about $67 billion. A recent data report culled from Sageworks Bank Information , a web-based data platform that includes financial and regulatory information on every U.S.

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ICBA Community Bankers of the Year

Independent Banker

ICBA inaugurated its Community Banker of the Year award program this year to recognize the exceptional work of the individual employees of ICBA member community banks. The association accepted nominations online throughout the month of September, allowing anyone to recommend a community banker for consideration.

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Banks Keep SMB Lending Gains Rolling

PYMNTS

Regional and community banks also saw their small business loan approval rates increase, with small banks approving 49.8 According to Biz2Credit, this is the highest approval rate for small banks since November 2014. percent of applications, up one-tenth of a percent from July. percent.

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Powering-Up Tools: Your Membership Resources

Independent Banker

With a consultative approach, I ensure members’ needs are being met through our eight regional offices,” he says. Community Bank Career Center. The ICBA Community Bank Career Center is the community banking industry’s resource for online employment connections. Community Bank Locator.

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Duly Authorized

Independent Banker

With wire fraud on the rise, community banks have to step up precautions to protect themselves and their customers. Wire fraud incidents nearly doubled to 27 percent in 2014, from 14 percent a year earlier, according to the 2015 AFP Payments Fraud and Control Survey. billion-asset community bank.