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Small business lending insights Vol. 1

Abrigo

Generally, small business loans benefit business owners, they also benefit communities, according to 2021 research for the SBA. Financial institutions should also cultivate opportunities to help existing borrowers manage their business and capital needs. At the same time, 59% pursued credit to meet operating expenses.

Lending 221
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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. Smaller community banks may have an easier time identifying red-flag transactions manually, but larger community banks can more effectively mitigate risk with anomaly detection and authentication software, Gilmeister says.

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Bowman: Fed Eyeing Updates to Third-Party Guidance

ABA Community Banking

In a speech at the Federal Reserve Bank of Atlanta today, Federal Reserve Governor Michelle Bowman discussed how the Fed can help boost transparency and provide more clarity to community banks about relationships with vendors and third-party service providers.

Atlanta 68
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Despite a 30% increase in expected losses in markets like Dallas, Atlanta, D.C., For 2023, banks need to prioritize interest rate risk management and credit accuracy as a top priority. As a result, national banks are eroding the customer base of the community bank. of the banking market, according to Statista Research.

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More Data, More To Do

Independent Banker

In a world where information can be the most valuable currency, community banks are gathering more of their internal data. a bank software provider in Cedar Park, Texas, most community banks gather data well for reporting purposes. Drew McMullen, a partner and managing director for Sense Corp. They have lots of options.

Data 88
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More Data, More To Do

Independent Banker

In a world where information can be the most valuable currency, community banks are gathering more of their internal data. a bank software provider in Cedar Park, Texas, most community banks gather data well for reporting purposes. Drew McMullen, a partner and managing director for Sense Corp. They have lots of options.

Data 70
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Tech Flex

Independent Banker

At some community banks, budgeting for technology has become a more important focus over the past several years. Community banks need to be nimble enough to change from their plan when they need to. in Atlanta is one community bank that tries to be more agile with its technology spending. “If billion-asset community bank.