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Illinois SMBs Face Tighter COVID-19 Restrictions

PYMNTS

If various measures of COVID-19 risk hit certain levels in any of seven regions established by the state, certain restrictions kick in. Mayors, local law enforcement, state's attorneys, and other community leaders can be influential in ensuring citizens and businesses follow best practices.".

Illinois 171
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Popular Foundation Awards $216,000 in Grants to Nonprofit Organizations

PopularBank

Grants Will Benefit Communities Throughout New York, New Jersey, South Florida and Chicago. The grants ranged between $5,000-$22,000 and will continue to support critical community programming amid the ongoing COVID-19 health crisis. We will continue to support our community partners and the tremendous work they do.

NJ 97
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CRE Credit Risk – What You Need To Know Now

South State Correspondent

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). The risk here is that community banks continue to take on an above-average amount of CRE credit exposure. touched off a wave of bankruptcies.

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A fund for diverse tech companies

Independent Banker

First National Bank and Black Tech Nation Ventures teamed up to support minority-owned startups in the Pittsburgh community and beyond. Driven by her goal to cultivate a supportive community for diverse tech startups, Kelauni Jasmyn founded the fiscally sponsored nonprofit Black Tech Nation in Pittsburgh in 2018. By Elizabeth Judd.

Company 110
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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. Certainly, one asset class, the regional mall, is quite dead,” Kirby said.

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Sageworks’ speakers tackle tough banking topics

Abrigo

Sageworks consultants have hosted and spoken at roughly two dozen regional and national events and industry conferences attended by hundreds of banking and credit union executives, regulators and industry professionals. See upcoming regional and national events hosted or attended by Sageworks here.

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United Airlines Announces Executive Staff Cuts

PYMNTS

The officer-level executives work on the airline’s network, regional hubs and as airline representatives to the communities they serve, the network said. Chicago-based United Airlines, like its rivals American and Delta, is also reportedly offering voluntary separation and other packages to thousands of employees.

Chicago 141