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Scottsdale Community Bank: Making microloans

Independent Banker

George Weisz, Scottsdale Community Bank But for all its embrace of technology, the community bank took its inspiration for an innovative lending program from an old-school tradition: kids’ lemonade stands. The diverse board, staff and leadership team aim to implement a plan of “doing well for investors by doing good for the community.” “We

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NY DFS announces multistate investigation of payroll advance industry

CFPB Monitor

In its press release, the DFS claims that the investigation will look into “allegations of unlawful online lending” and “will help determine whether these payroll advance practices are usurious and harming consumers.” Under former Director Cordray’s leadership, the CFPB took action against structured settlement and pension advance companies.

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CFPB announces proposed consent order with companies alleged to have collected loans void under state law

CFPB Monitor

The relevant states are Arizona, Arkansas, Colorado, Connecticut, Illinois, Indiana, Kentucky, Massachusetts, Minnesota, Montana, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, and South Dakota (“Subject States”). The loans in question were made by companies owned by Native American tribes.

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2021’s Best Community Banks to Work For

Independent Banker

Within that tightly knit group, there’s the bank’s leadership team, comprising president and CEO Greg Dennis, chief lending officer Jon Girard, vice president of operations and compliance Kristine Hendrickson, and executive vice president and chief financial officer Michele Boeder. The leaders of the Inver Grove Heights, Minn.,

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. By Ed Avis. Methodology. AGRICULTURE.

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Best Community Banks to Work For 2022

Independent Banker

An entrepreneur with a background in accounting and finance, CEO and chairman of the board Thomas Swenson set up Montana Business Capital Corporation in 1998 with a focus on job creation and economic development lending. size businesses and individuals throughout Illinois, Wisconsin, Indiana and Florida. Its Tampa Bay, Fla.,

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ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

The KSB Lends a Hand program took anniversary funds totaling $20,000 and distributed them to more than 100 local organizations. “We Among its digital innovations is an extensive library of application programming interfaces (APIs) that runs its customer platform and allows the bank to originate and service loans on online lending platforms.