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How community banks can help young homebuyers

Independent Banker

But there are ways community banks can help mortgage-seekers get on the property ladder. Burmis, senior vice president and retail lending manager at $450 million-asset Chelsea State Bank in Chelsea, Mich. So how can community banks help? By Beth Mattson-Teig. Plenty of tools in the box. Flexibility needed.

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COVID Retail Update: Mall Group Asks For Bailout

PYMNTS

For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. β€œFor For retailers, this is now about near-term survival.”.

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Aftermath: Retailers Try To Focus On Recovery

PYMNTS

Riots and looting over the weekend have taken their toll on retail reopening plans all over the U.S. Retail locations of all types and brands went unspared, from Los Angeles to New York City, as protests turned violent. While that retail recovery was not spectacular by any means, it did appear to be growing consistently.

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Grocery Roundup: New Amazon Fresh Store, SpartanNash Puts Incentives In β€˜Fast Lane,' Walmart On Autonomous Delivery

PYMNTS

The news comes as the first Amazon Fresh opened , with the eCommerce retailer providing access to the general public to the Los Angeles store in September. As it stands, 69 SpartanNash stores in Wisconsin, South Dakota, North Dakota, Nebraska, Minnesota and Michigan provide the Fast Lane offering.

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New Jersey’s $5B American Dream Mall To Reopen In October

PYMNTS

3), its developer, the Triple Five Group , the Canadian conglomerate which also owns two of North America’s largest malls, the West Edmonton Mall in Alberta and the Mall of America in Minnesota, announced the mall will reopen on Oct. Since then, many retailers that might have planned to join the mall have gone bankrupt. .

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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 State Bank Minnesota. By Ed Avis.

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Canadian bank's cross-border merger approved ending a two–year wait

American Banker

VersaBank plans to use the one-branch Stearns Bank Holdingford in Minnesota as a platform to expand a lucrative niche business acquiring loan and lease receivables from point-of-sale lenders.