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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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Popular Foundation Awards $216,000 in Grants to Nonprofit Organizations

PopularBank

Grants Will Benefit Communities Throughout New York, New Jersey, South Florida and Chicago. New York, NY – December XX, 2020 – The Popular Foundation , which is sponsored by employees of Popular Bank, has awarded a total of $216,000 to 23 nonprofit organizations serving communities throughout New York, New Jersey, South Florida and Chicago.

NJ 97
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Credit Issues Stalk Malls And Anchor Tenants

PYMNTS

This creates an exciting opportunity for the communities that surround these properties.”. Writing in NJ Biz, Linfante points to the mall anchors and other tenants that have already closed, expressed financial concerns or filed for bankruptcy that will lead to significant challenges will be faced by regional malls.

NJ 132
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Why Banks Are Dumping Fannie, Freddie Debt

American Banker

Banks have rushed to the exits when it comes to Fannie Mae and Freddie Mac debt securities. Federal liquidity rules seem to be prompting big banks to do so, but why small banks are unloading the bonds, too, is more of a puzzler.

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Why Bankers Are Wary of Office, Hotel Loans — and Bullish on Manufacturing

American Banker

Weakness in the energy sector and a surge in new construction are pushing up vacancy rates at offices and hotels, leading to a spike in delinquencies on loans tied to them. The safer bet, bankers say, is lending on industrial properties.

Lending 43
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Valley National in N.J. Raising Capital to Fund Loan Growth

American Banker

The $22 billion-asset company said in a press release Thursday that it is looking to sell 8.4 million shares of common stock, though it could sell another 840,000 shares if there is enough demand.