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Amazon, JPMorgan Donate Money To Ease Coronavirus Crisis

PYMNTS

The first $15 million will go to groups directly dealing with how the virus is affecting people directly, with $5 million to institutions that handle community development, to dole out low- or no-interest loans. The bank has earmarked $3 million to international groups that provide the same service.

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2021’s Best Community Banks to Work For

Independent Banker

Premium benefits packages, professional development and TLC during the pandemic—this year’s winners do everything in their power to keep their community bankers happy and fulfilled. We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example.

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Community banks hire, promote top executives in October

American Banker

Multiple lenders filled leadership roles across the country, including National Bankshares in Virginia, while Peoples Financial in Pennsylvania said its CEO would step down.

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Virginia banks merging in $47 million deal

American Banker

First National has agreed to buy Touchstone Bankshares. The combined company would have more than $500 million each of deposits and loans.

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What SEC Filers Have Learned About CECL Implementation

Abrigo

Ours, who is Senior Vice President and Director of Credit Administration of Summit and its 32-location bank subsidiary, Summit Community Bank Inc., Ours said that for Summit Community, which decided to use the cohort methodology, which is a loss migration approach, the choice came down to the availability of quality data. “We

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Walmart, Sam’s Club Shoppers Must Wear Face Masks Starting Next Week

PYMNTS

Today, 65 percent of more than its 5,000 stores and clubs are located in communities where the government has mandated face coverings, the companies said. “To A Goldman Sachs survey found that a national mask law could spare the U.S. We know some people have differing opinions on this topic,” said Smith and de la Rosa. “We

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Rising Interest Rates Have Hurt Smaller Banks

PYMNTS

The Southern National Bancorp of Virginia is now shelling out 2.25 percent interest on some of its checking accounts, as bigger national banks pay almost 0 percent. New York Community Bancorp is dealing with a situation where deposit costs are elevating more than the yields on loans for apartment buildings in the city.

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