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New Research Shows 100K+ SMBs Won’t Recover From COVID-19 Pandemic 

PYMNTS

The average business has in excess of $10,000 in monthly expenses and barely enough cash on hand to survive a month, according to the National Bureau Of Economic Research ( NBER ). Researchers at the University of Illinois, Harvard Business School, Harvard University and the University of Chicago surveyed more than 5,800 SMBs May 9 to 11.

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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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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.

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Easy Ways BSA Officers Can Get Their Required Training

Abrigo

One option that makes it easy for BSA officers to complete required training is to attend regional meetings. These are usually less expensive, shorter, and involve less extensive travel than the larger national conferences. For example, Abrigo is hosting regional seminars in six cities across the U.S. Ready to Attend?

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Grubhub Offers Eateries $30M In Promo Support During COVID-19

PYMNTS

Chicago-headquartered delivery unicorn Grubhub said it will spend $30 million to help support more than 100,000 independent restaurants and regional franchises as the coronavirus pandemic changes everyday life, the company announced on Thursday (April 2). It has raised a total of $284.1 million in more than eight funding rounds.

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AmazonFresh Continues To Expand

PYMNTS

26) that its grocery delivery platform, AmazonFresh, is continuing its march toward national domination with the addition of two new cities : Chicago and Dallas. We continue to expand AmazonFresh into new regions so that more and more customers can take advantage of the service,” said Ben Hartman, VP of AmazonFresh.

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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 little liquidity left in commercial real estate is in major markets such as Los Angeles, Chicago, New York, and D.C.