PYMNTS

JUNE 20, 2017

The action comes a week after the FDIC announced that digital lender SoFi had applied to the state of Utah for a special banking charter known as an ILC. However, as an online lender, SoFi does have to continually find investors for its loans, which has become more challenging as the investment market has improved in general.

Utah 108

Utah Indiana America Community 108

Jeff For Banks

MARCH 27, 2010

They troll the web for best rate banks, assuming one depository with FDIC insurance is no better than another. As its brand evolved, ING and its well-known Orange savings account has been able to attract deposits that are not priced at the top of the market. Its deposit rates are typically at the top of the market.

Indiana 60

Indiana FDIC Strategy Regulation 60

Jeff For Banks

SEPTEMBER 10, 2011

But he held firm that the regulatory environment, changing customer preferences, and the pace and expense of technology were driving the market towards bigger is better. Last post was dedicated to the #5 Bank, German American Bancorp of Jasper, Indiana (see post here ). They had to grow to survive. I challenged the thinking.

Arkansas 64

Arkansas South Carolina FDIC Georgia 64

Jeff For Banks

MARCH 5, 2021

Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? If we lose 4% of FDIC-insured institutions per year, which was pre-pandemic pace, we will have ~ 3,300 institutions in 10 years.

Regulation 78

Regulation Indiana Charlotte Community Bank 78

Jeff For Banks

FEBRUARY 1, 2015

They didn''t even include bank in their marketing materials, leaving customers and potential customers wondering, who ? But truth be told, MutualFirst Financial of Muncie, Indiana, the holding company for MutualBank, is publicly traded. Common sense trumps a marketing study. Here is what I came up with so far.

Pennsylvania 60

Pennsylvania Baltimore Branding Indiana 60