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7 ways community banks can boost profitability

Independent Banker

A profitability strategy has a lot to factor in given today’s uncertain market. Here’s what community bankers need to know when planning their budgets for the next year. Luckily, there are several strategies in community banks’ toolbox for boosting profitability, even in a low interest rate environment. By Cheryl Winokur Munk.

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Amazon Plans To Expand Grocery Stores Across The US

PYMNTS

billion for Whole Foods , the online retail giant is planning to open its second automated-checkout grocery store in Seattle’s Eastside neighborhood and is hiring managers for a third store in the city’s Capitol Hill district, The Seattle Times reported. Three years after it paid $13.4 And it’s not stopping there. billion, up 7.7

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Malls Debate Turns To Community Planning

PYMNTS

The risk of closing malls, the report said, has the potential to reshape entire communities, which are debating whether abandoned malls can be turned into office space or affordable housing. In fact the real estate angle is starting to get more play as the future of malls is debated in boardrooms and decided by consumer foot traffic.

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eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff

PYMNTS

Lime is striving to reach profitability in 2020 and is laying off about 14 percent of its workforce — roughly 100 people — and ceasing operations in 12 markets, according to reports on Thursday (Jan. These market closures have an effect not just on riders, but on our whole Lime community. billion valuation, making it a unicorn.

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Amazon Is Building A Traditional Supermarket In LA

PYMNTS

Reports from Seattle and California say the company is adding a new format and expanding beyond its Amazon Go and Whole Foods brands. Although Amazon hasn’t commented, the strategy seems to be aimed at getting Amazon aligned with a more mass market customer segment than its other retail brands. And the antagonist, per usual, is Amazon.

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Mortgage applicants find cozy home at some credit unions

Abrigo

• Alliant Credit Union, which offers services to the communities around O’Hare International Airport and based in Chicago, captured the top spot for the Midwest. Many credit unions, like top-ranked Boeing Employees Credit Union (BECU), headquartered just outside of Seattle, have invested in growing this segment of their portfolios.

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Facebook To Open Small Biz Pop-Up Concept In Select Macy’s

PYMNTS

The pop-up shop will be located in The Market @ Macy’s in New York City, Pittsburgh, Atlanta, Fort Lauderdale, San Antonio, Las Vegas, Los Angeles, San Francisco and Seattle, now through early February.

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