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Maryland Community Bank Wades Into Cannabis Market

PYMNTS

As more financial institutions (FIs) warm up to the idea, one bank in Maryland is taking significant steps to address cannabis companies’ FinServ challenges. Reports in The Washington Post this week profiled Severn Savings Bank, a community bank in the state that is said to be providing services to legal marijuana businesses.

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Podcast: How One Community Bank Opens Opportunities for Career Growth

ABA Community Banking

As an early-career CPA, Carissa Rodeheaver began her community banking career as a trust administrator nearly three decades ago. Now, she's at the same bank, as chairman, president and CEO of Oakland, Maryland-based First United Bank and Trust.

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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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NCUA grants third charter of 2023 while Maryland group aims to be next

American Banker

The National Credit Union Administration approved the Young Community Federal Credit Union to begin operations in Kentucky soon. An organization in Maryland is shooting for a 2024 opening.

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Maryland Revises Evaluation Rules and Offers Alternative Methods of Determining Creditworthiness

CFPB Monitor

Maryland has enacted legislation that revises the rules of determining creditworthiness. On May 30, 2021, Maryland Governor Lawrence J. Hogan (R) signed HB1213 into law, which adds to Maryland Code Ann. Financial Institutions (FI) § 1-212.

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Many Unemployed Still Waiting For Their First Check

PYMNTS

In Maryland, Jason Suggs, an unemployment claims processor, estimated two-thirds of the state’s claims processing staff have retired while others left and were not replaced. But in Maine, at least, the benefits have yet to flow, according to the report. Still, not everyone is convinced the system is working in the Bay State.

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The community bank guide to FedNow resources

Independent Banker

As community banks navigate this process, there are plenty of resources available to answer questions and provide guidance. Three sources of information on FedNow As community banks look to take advantage of this new opportunity, they seek resources to help them navigate the journey.

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