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Scottsdale Community Bank: Making microloans

Independent Banker

Inspired by the entrepreneurship of lemonade stands, Scottsdale Community Bank created a microloan program. Photo by Brandon Sullivan De novo Scottsdale Community Bank set out to provide microloans to small and mid-size businesses, family organizations and nonprofits—a project that was inspired by the humble lemonade stand.

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Community banks are thriving in Texas

Independent Banker

Here’s how four community banks are thriving in this environment. The 2020 Census quantified the growth many residents were already sensing: Austin grew by 33% between 2010 and 2020, earning it the rank of fastest-growing large metro. The Houston metro took the 10th spot with a 20.3% Photo by Dennis Burnett. By Mindy Charski.

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The top-performing community banks of 2021

Independent Banker

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success. Philadelphia.

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Credit union membership, lending up in Q2

Abrigo

Last week the NCUA reported that the total number of credit union members had surpassed the 101 million mark, and overall lending was up as of the close of Q2. Total lending at federally-insured credit unions reached $745.2 Auto lending has been an area of growth for credit unions over the last several quarters. billion, up 3.9

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DOJ announces settlement of redlining lawsuit

CFPB Monitor

The key allegations in the DOJ’s complaint are the following: During the relevant time period (2015-2021), the Newark, New Jersey-Pennsylvania Metro Division (Newark MD) as delineated in 2015 included Essex, Somerset, Union, Sussex, and Morris counties in New Jersey (Newark Lending Area). unlikely to be caused by chance) and sizeable.

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How to Build Better Deposit Performance – Size and Beta

South State Correspondent

Lending, by comparison, is largely a one dimensional supply vs. demand problem. Rural vs. Urban: Many bankers assume that rural deposits are less rate sensitive than deposits from metro or suburban areas. We have many rural areas of Florida where the beta is higher than it is in metro markets.

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New York Dept. of Financial Services announces fair lending agreement with nonbank mortgage lender and releases redlining report

CFPB Monitor

The New York Department of Financial Services (DFS) recently announced that it has entered into an agreement with Hunt Mortgage , a licensed mortgage banker, to address the DFS’s findings that there was a “demonstrable lack of lending to minorities and in majority-minority neighborhoods in Western and Central New York by Hunt Mortgage.”