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Community Banks Debut FinTech Alliance

PYMNTS

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. Among the names joining up are Citizens & Northern Bank (based in Pennsylvania), Inland Bank (Illinois) and Lincoln Savings Bank (Iowa).

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Community Bank History: Peoples National Bank, Hallstead, Pennsylvania

Jeff For Banks

Community banks tout themselves as better than national and regional banks because of how close they are to their communities. When the bank opened in 1905, Hallstead was already a thriving community. But the communities the Bank serves continue to be resilient.

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JPMorgan Bucks The Trend, To Open 50 New Branches In Philadelphia

PYMNTS

bank based on deposits and branches, reported CNBC, although there are areas and regions where the bank isn’t dominant. In Pennsylvania, for example, Wells Fargo , PNC and Citizens are the leading banks. The move is part of an earlier plan it announced in January, in which it said it would open 400 branches around the U.S.

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These Are Your Most Profitable Cash Management Clients

South State Correspondent

For example, if you are a bank in California, Florida, New York, or Pennsylvania, going after private schools, colleges, or insurance companies should be considered due to not only the large number of target institutions but also the size of those institutions, which lends itself to having multiple banks.

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Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief

PYMNTS

to help bailing out their SMB customers, with some regional financial institutions (FIs) already taking action. In Massachusetts, community FI Eastern Bank announced a $10 million commitment aimed at facilitating aid to SMBs as well as consumers and nonprofits affected by the coronavirus. Pennsylvania Offers State-Level Support.

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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

The first plane hitting the Twin Towers, the second plane, the Pentagon, and then our heroes on Flight 93 crashing into a Pennsylvania field. See Part I: Implications for Community Financial Institutions. Those old enough to know what was happening remember precisely where they were and what they were doing when they heard the news.

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