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First New Community Bank In Decades Headed To US Market

PYMNTS

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years. have emerged to do.

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Save A Lot Sells 51 Retail Locations To Fresh Encounter

PYMNTS

Discount supermarket retailer Save A Lot unveiled the sale of 51 retail locations run by the company in the Tampa, Florida market to existing Save A Lot Retail Partner licensee Fresh Encounter. The latter company will keep running the retail locations with the Save A Lot name, according to a Monday (Dec. 28) press release.

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Best Community Banks to Work For 2022

Independent Banker

Community Financial Services Bank, Benton, Ky.; In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. size businesses and individuals throughout Illinois, Wisconsin, Indiana and Florida.

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A digital-first bank for south Florida

Independent Banker

Banking veteran Keith Costello cofounded Locality Bank, where he serves as president and CEO, to champion for south Florida small businesses financially affected by the pandemic. After looking at the consolidation in our market, we concluded that the lack of community banks was the reason.”. Keith Costello, Locality Bank. “We

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Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

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Goldman Sachs Goes After The Middle Market

PYMNTS

Goldman Sachs is planning to ramp up its presence among middle-market corporates, according to its Chief Executive Officer David Solomon. 12) said Solomon spoke at a Florida conference hosted by Credit Suisse, and delved into Goldman’s plans to expand its corporate services, including cash management, and diversify its customer base.

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Spotlight on lending: Commercial loan growth geographically

Abrigo

bank and credit union, named the “ Top 15 community banks by commercial loan growth.” The list identified a significant uptick in commercial and industrial lending in the South, as 7 of the 15 community banks included are located in the region. From that subset of all U.S. Blog Bank'

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