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Lenderfit Launches SMB Lending Tech In Beta

PYMNTS

Reports in Insider Louisville said the Louisville-based startup launched in beta this week, according to CEO David Taliaferro. The firm digitizes the process to initiate and complete a small business loan while maintaining communication with the borrower so everyone can gain visibility into progress made.

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The community banks beating the Great Resignation

Independent Banker

These community banks share how they have (or haven’t) altered their hiring strategies. According to the BLS, “quit levels and rates” by employees is higher in all employment sectors than it is in “finance and insurance” specifically, which is where community banks would fall (see table below). Photo: Colin Conces. By William Atkinson.

Insiders

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Efficiency now: 8 smart strategy tips

Independent Banker

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd.

Strategy 135
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. First Community Bank of the Heartland, Inc.

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How to keep good employees

Independent Banker

From left: Heather Kelley, Jan Button-Minton, Andrew Pyles and Ro Byrd of Eclipse Bank in Louisville, Ky., Job seekers are in the driver’s seat across most industries, including community banking,” says Lindsay LaNore, group executive vice president and chief learning and experience officer for ICBA. Photo: Chris Cone.

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Regulation and Compliance: Ready for Review

Independent Banker

Anticipating what’s new for your community bank’s next field examination. This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As Barr points out, most community banks—close to 75 percent—are now growing their loan portfolios. By Karen Hoffman.

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Podcast: Church Lending and Other Ways to Renew Urban Neighborhoods

ABA Community Banking

As urban areas across the country grow and change, community development financial institutions like Metro Bank in Louisville, Ky., are meeting the unique needs of these evolving neighborhoods. The post Podcast: Church Lending and Other Ways to Renew Urban Neighborhoods appeared first on ABA Banking Journal.