Lending and Minneapolis - Community Banking Brief

BNPL Firm Sezzle Allies With Ally Lending To Expand Loan Options

PYMNTS

SEPTEMBER 23, 2020

This will allow the Minneapolis-based Sezzle to offer more long-term loans. Our collaboration with Ally Lending enhances our customer financing offerings, making it possible for consumers to better manage their finances," said Charlie Youakim , executive chairman and CEO of Sezzle, in a press release. "We

Lending

Lending Minneapolis Strategy Innovation

U.S. Bank Reaching Beyond Branches as 71% of Active Customers Are Now Digital

Bank Innovation

APRIL 17, 2019

Bank executives, during the first-quarter earnings call today, outlined a strategy to extend relationships with customers outside the Minneapolis-based bank's physical footprint. Coming off the launch of a revamped mobile app and the hiring of the bank's first chief digital officer, U.S.

Minneapolis

Minneapolis Strategy Mobile US

U.S. Bancorp's earnings checked by subdued lending activity

American Banker

OCTOBER 16, 2024

The Minneapolis-based banking giant posted a third-quarter profit, although average total loans slipped 1% from a year earlier. Slower business and commercial real estate lending more than offset gains in the bank's consumer portfolio.

Lending

Lending Minneapolis

BNPL Sezzle Raises $55M

PYMNTS

JULY 13, 2020

Minneapolis-based buy now, pay later (BNPL) firm Sezzle has raised $55 million in its latest capital round, according to a press release. Sezzle was also approved for a lending license by California’s Department of Business Oversight (DBO) in January.

Minneapolis

Minneapolis California Strategy Lending

U.S. Bank to Donate Minneapolis Branch to Nonprofit Community

Banking Exchange

NOVEMBER 29, 2021

Converted branch will include affordable housing, commercial and outdoor spaces, nonprofit services, and arts and cultural destinations Community Banking Feature3 Feature Fair Lending Diversity Inclusion Human Rights Small Business.

Minneapolis

Minneapolis Community Community Bank Lending

Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

JULY 14, 2020

In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. The account comes with 1.30 Leveraging Risk the Right Way.

Lending

Lending FDIC Minneapolis Utah

Fed’s Kashkari: Quick Economic Rebound Unlikely

PYMNTS

APRIL 12, 2020

Minneapolis Federal Reserve President Neel Kashkari doesn’t have hope that the economy will rebound quickly from the effects of the coronavirus pandemic, according to CNBC. trillion to businesses and governments impacted by the pandemic. Kashkari’s cautions are at odds with the opinions of St.

St. Louis

St. Louis Minneapolis Dallas Lending

Some SMBs Switched Banks When PPP Loans Failed To Come Through

PYMNTS

AUGUST 2, 2020

In a July survey of 931 firms that received PPP loans, Barlow Research Associates, the Minneapolis-based bank market research company, revealed that of the businesses that secured PPP funding, 28 percent received their loan from a lender with whom they had no prior relationship or a bank that wasn’t their primary one. to InBankshares Corp.

New York

New York Minneapolis Denver Capital

Sezzle Names Former PayPal Exec To Lead Sales

PYMNTS

JULY 30, 2020

Sezzle , the Minneapolis-based installment-based payments platform, has announced the appointment of Reid Bork to its leadership team. In January, Sezzle was denied a crucial lending license from California. In the newly created role, he will be responsible for leading the company’s large-scale retail acquisition efforts.

Minneapolis

Minneapolis Leadership Strategy California

Commercial, mortgage, card lending rise at U.S. Bancorp

Payments Source

APRIL 17, 2019

The Minneapolis bank reported mid- to high-single-digit improvement in those categories, but total loan growth was curbed by declines in CRE and other credit types.

Minneapolis

Minneapolis Lending Cards Report

Mnuchin: Federal Help Could Be Coming For Looted Stores

PYMNTS

JUNE 11, 2020

Treasury Secretary Steven Mnuchin said the administration is considering reimbursing businesses whose storefronts were damaged in the recent rioting over the death of George Floyd at the hands of Minneapolis police. . Over the next month, another $1 trillion will be pumped into the economy; that will have a big impact,” he said.

Minneapolis

Minneapolis Maine Lending Report

U.S. Bancorp pledges $116 million to address racial inequality

American Banker

JUNE 5, 2020

As part of its commitment, the Minneapolis company said it will provide $100 million in capital to African American owned and operated businesses and organizations.

Minneapolis

Minneapolis Capital Operations Company

US Bank automates construction loan process

BankInovation

FEBRUARY 11, 2021

The Minneapolis, Minn.-based Bank, went live today with an automated solution that allows it to better manage homebuilder construction loans. Already, the bank is thinking about expanding the tool to the broader commercial real estate platform. based bank worked with Built Technologies, a construction finance software company, […].

Minneapolis

Minneapolis US Software Tools

Kristen Larson joins Ballard Spahr’s Consumer Financial Services Group

CFPB Monitor

SEPTEMBER 6, 2022

She is resident in the firm’s Minneapolis office. She has experience with the Consumer Financial Protection Act, National Bank Act, Federal Deposit Insurance Act, Federal Reserve Act, Truth in Savings Act, Truth in Lending Act, and other federal and state consumer protection laws. She will be a regular contributor to our blog.

Groups

Groups Minneapolis National Lending

U.S. Bancorp Hoping For Regulation Lift By End Of Year

PYMNTS

MARCH 7, 2018

He added that the Minneapolis-based bank has upgraded its money laundering defenses, including hiring new employees, revamping old processes and improving its technology. Our expectation is that we will get out of the consent order in 2018.”. Most of these changes were completed by the end of 2017. In addition, U.S.

Regulation

Regulation Minneapolis New York Conference

U.S. Bank credits teamwork for its SBA lending surge

American Banker

SEPTEMBER 6, 2024

Minneapolis-based banking giant enjoying its biggest year ever for 7(a) lending, with volume up 40%, as borrowers "are still coming to us," SBA chief says.

Lending

Lending Minneapolis US Community Bank

Education: By Popular Demand

Independent Banker

JULY 29, 2016

It teaches bankers how to develop a compliance program, meet lending compliance requirements, and comply with deposit and marketing regulations. 8–12 in Minneapolis. 14–17 in Minneapolis. 11–13 in Minneapolis. 12–16 (week one) in Minneapolis. 19–23 (week two) in Minneapolis. Consumer Lending Institute.

Minneapolis

Minneapolis Community Bank Community San Antonio

Suburban Minneapolis banks to merge in bid for scale, diversification

American Banker

AUGUST 29, 2024

Bridgewater Bancshares agreed to acquire First Minnetonka Bancorp. in an all-cash transaction slated to close in the fourth quarter. It would create a nearly $5 billion-asset bank.

Minneapolis

Minneapolis Community Bank Community Lending

Young Lenders and the Groundhog Syndrome

Jack Henry

FEBRUARY 25, 2015

CEOs and Chief Lending Officers, have you ever met a young lender that seemed to see his/her shadow while out on a business development call? In the last 60 days, I had several conversations with bank executives in Minneapolis, Oklahoma City, Fresno and Atlanta on that very topic. lenders loan growth commercial lending'

Oklahoma City

Oklahoma City Fresno Oklahoma Minneapolis

Big Week Ahead For Retail; Target Earnings Expected To Show Momentum Of Digital Shift

PYMNTS

NOVEMBER 16, 2020

is relatively stable and, honestly, somewhat relatively better than we might have feared back in the height of the pandemic in the second quarter of 2020,” Marianne Lake, chief executive officer for consumer lending at J.P. The Minneapolis-based retail giant reports Wednesday morning (Nov. “The consumer here in the U.S.

Retail

Retail Minneapolis Conference Industry

U.S. Bancorp Cooperating with Probe of Client's Alleged Payday Lending Scam

American Banker

AUGUST 5, 2016

Bancorp in Minneapolis is cooperating with a federal investigation of a racecar driver accused of running a payday lending scam.

Lending

Lending Minneapolis Regional National

CFPB announces advisory committee members

CFPB Monitor

SEPTEMBER 21, 2020

Nikitra Bailey, EVP, Center for Responsible Lending (Durham, NC). Bank (Minneapolis, MN). Bruce Ocko, Senior VP Director of Mortgage & Consumer Lending, Bangor Savings Bank (Bangor, ME). The other individuals appointed to the CAB are: Joaquin Altoro, CEO, Wisconsin Housing & Economic Development Authority (Madison, WI).

DC

DC Mississippi Washington Oklahoma City

Claim: Racial Disparities Rampant in Three Midwest Metro Areas

American Banker

JULY 20, 2016

Mortgage originators aren't lending enough to people of color or the poor in the St. Louis, Milwaukee and Minneapolis metropolitan areas, the National Community Reinvestment Coalition said.

St. Louis

St. Louis Milwaukee Metro Minneapolis

Washington Watch

Independent Banker

SEPTEMBER 26, 2014

Even though the industry identified several major regulatory burdens, including those posed by the Truth in Lending Act and the Home Mortgage Disclosure Act, few substantive regulations were repealed. Many community bankers concluded that the EGRPRA is little more than a “check the box” process for regulators. .;

Washington

Washington Fort Worth Regulation Community Bank

Ballard Spahr Submits Comment Letter to OCC in Support of Proposed True Lender Rule

CFPB Monitor

SEPTEMBER 9, 2020

Our letter draws on Ballard Spahr’s two-plus decades of experience in representing banks and savings associations (“Banks”) in establishing lending programs (“Bank-Agent Programs”) where a Bank obtains substantial assistance from a fintech or other non-Bank company (an “Agent”) to offer Bank loans to consumers or small businesses.

FDIC

FDIC National South Dakota Lending

U.S. Bancorp Earnings Dip on Higher Costs, Energy Exposure

American Banker

APRIL 20, 2016

Bancorp in Minneapolis on Wednesday reported lower profits, thanks to higher costs and further deterioration in the company’s energy portfolio.

Minneapolis

Minneapolis Report Company Regional

U.S. Bancorp Predicts Stable 4Q Margins, Lower Mortgage Fee Income

American Banker

DECEMBER 7, 2016

Bancorp in Minneapolis has raised its expectations for its net interest margin in the fourth quarter, citing the recent increase in benchmark rates.

Minneapolis

Minneapolis Regional National Lending

The 2019 GonzoBanker Awards

Gonzobanker

DECEMBER 20, 2019

Best Consultant Layover Experience – Goes to the Prince Store next to the Delta Skyclub in Minneapolis-St. Reality Check on Challenger Startups Award – Goes to Umpqua EVP & Chief Strategy Officer Rilla Delorier. Enough of the scare talk. Good news, banks: We have customers.”. Paul Airport. Let’s go crazy!

Idaho

Idaho Conference Data Marketing

Top 34 Digital Lenders to U.S. Small Businesses (SMB) (July 2024)

Fintech Labs Insights

JULY 30, 2024

Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States Rank (by FAB score) 1. Patch Lending ( formerly Patch of Land; acquired by Cloverhill July 2021 ) FAB Score = 6 (unchanged) – HQ: LA – Founded: 2013 – Raised: $54.9M Several lenders pay Fintech Labs a referral fee for funded loans.

Atlanta

Atlanta Utah Miami San Francisco

Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

Fintech Labs Insights

FEBRUARY 23, 2016

P2P lending marketplace. HQ: Minneapolis, Minnesota. Tags: Consumer, insurance, automobile lending, cars. Source: Crunchbase. UniRush (RushCard). Prepaid card issuer. Latest round: $15 million Debt. Total raised: Unknown. HQ: Houston, Texas. Source: FT Partners. Marvelstone Tech. Infrastructure for financial services companies.

Company

Company Fintech San Francisco Texas

Fintech Fundings: 26 Companies Raise $280 Million in 4th Week of June

Fintech Labs Insights

JULY 21, 2016

Alt-lending marketplace for consumers. HQ: Minneapolis, Minnesota. Tags: Consumer, lending, underwriting, alt-lending, loans, personal financial management, P2P, person-to-person. Total raised: $30+ million. HQ: Surry Hills, Australia. Source: Crunchbase. Pearl Capital. Alt-lender to small businesses. HQ: New York City.

New York City

New York City Fintech Company San Francisco

Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

JULY 12, 2016

Alt-lending. P2P lending marketplace. Tags: Consumer, lending, peer-to-peer, P2P, credit, underwriting, investing. Total raised: Unknown. HQ: Austin, Texas. Source: Crunchbase. Lease-to-own financing platform. Latest round: $12.5 Total raised: $12.5 HQ: New York City. Source: FT Partners. Source: Crunchbase. Kikka Capital.

New York City

New York City Company Fintech San Francisco

ABA Uncon: It’s All About Marketing

Social Assurance

NOVEMBER 6, 2020

In 2020, the ABA Bank Marketing conference was to be held on my home turf in Minneapolis. By having CFOs and CEOs in attendance, content would lend itself to position bank marketers as a critical function within any organization. The adjustments to a virtual conference were quite disappointing for me personally this year.

Marketing

Marketing Conference Minneapolis Analytics

Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

NOVEMBER 10, 2023

161 $323 21 Branch 357 2015 Minneapolis 222,000 $633 22 Albert 315 2015 LA 1,270,000 $176 23 Current 307 2015 NYC 856,000 $402 24 Greenlight 302 2014 Atlanta 458,000 3.8 197,000 $1,700 2 Robinhood 6080 2013 SF 17,190,000 $6,200 3 SoFi 4017 2011 SF 13,080,000 4.6 8,860 $2,300 6 Upgrade 1426 2016 SF 3,013,000 4.5

Digital Banking

Digital Banking Online Atlanta Las Vegas

Top 33 Digital Lenders to U.S. Small Businesses (SMB) in Nov 2021

Fintech Labs Insights

NOVEMBER 19, 2021

Minneapolis. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. IOU Financial. P2Binvestor. Channel Partners. Rapid Finance. Bethesda, MD. Lendinero. Source: Compiled by FintechLabs, 15 Nov 2021, from Crunchbase, SimilarWeb, SEMRush data. Rank (by FAB score). Clearco (formerly Clearbanc).

Atlanta

Atlanta Utah Miami DC

Top 33 Digital Lenders to U.S. Small Businesses (SMB) in Nov 2021

Fintech Labs Insights

NOVEMBER 19, 2021

Minneapolis. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. IOU Financial. P2Binvestor. Channel Partners. Rapid Finance. Bethesda, MD. Lendinero. Source: Compiled by FintechLabs, 15 Nov 2021, from Crunchbase, SimilarWeb, SEMRush data. Rank (by FAB score). Clearco (formerly Clearbanc).

Atlanta

Atlanta Utah Miami DC

Top 33 Digital Lenders to U.S. Small Businesses (SMB) in Nov 2021

Fintech Labs Insights

NOVEMBER 19, 2021

Minneapolis. Top 30 Alt-Lenders (Digital) Lending to Small-to-Medium Businesses (SMB) in the United States. IOU Financial. P2Binvestor. Channel Partners. Rapid Finance. Bethesda, MD. Lendinero. Source: Compiled by FintechLabs, 15 Nov 2021, from Crunchbase, SimilarWeb, SEMRush data. Rank (by FAB score). Clearco (formerly Clearbanc).

Atlanta

Atlanta Utah Miami DC

2021 GonzoBanker Awards

Gonzobanker

DECEMBER 17, 2021

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. This is the age of digital lending.

Fintech

Fintech Strategy Leadership Lending

Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

AUGUST 1, 2016

Alt-lending to small businesses. Marketplace lending analytics. HQ: Minneapolis, Minnesota. Tags: SMB, lending, credit, underwriting, payments, point-of-sale, mobile, trade finance. Total raised: $42 million. HQ: Ahmedabad, India. Source: Crunchbase. West Creek Financial. Consumer purchase financing. Latest round: $28.5

Company

Company Fintech New York City Lending

Fintech Fundings: 35 Companies Raise $470 Million the Third Week of June

Fintech Labs Insights

JULY 20, 2016

HQ: Minneapolis, Minnesota. Tags: SMB, lending, commerical loans, price comparison, lead gen. HQ: Shenzen, China. Source: FT Partners. Credit card payoff loans. Latest round: $46.76 million Series C. Total raised: $71.56 HQ: Costa Mesa, California. Source: FT Partners. Better Mortgage. Mortgage lender. Total raised: $30 million.

New York City

New York City San Francisco Company Fintech

Why Regulators’ War On Fees Will Kill Consumers

PYMNTS

APRIL 25, 2016

And who can’t get any other people to lend them money on a short-term basis. In fact, from mountain to ocean, across the great seas, from Paris to Minneapolis, from giants to dwarfs, merchants from around the world have adopted “Nothin’ don’t mean nothin’ unless it’s free” as their theme song when it comes to payment cards.

Regulation

Regulation Google Course Cards

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

MARCH 22, 2016

million for its P2P lending platform for small businesses. Alt-lender focused on lending against existing automobile titles. P2P real estate lending marketplace. Peer-to-peer lending marketplace. Tags: SMB, lending, P2P, peer-to-peer, underwriting, credit, investing, Finovate alum. SmartAsset raised $3.8

Company

Company Fintech New York City Lending

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Labs Insights

APRIL 4, 2016

HQ: Minneapolis, Minnesota. Tags: Consumer, lending, deposits, loans, payments, banking, underbanked, non-banked. Here are the fintech deals by size from 26 March to 1 April 2016: Ceridian. Human resources, payroll and health insurance platform. Latest round: $150 million Private Equity. Total raised: Unknown. Source: Crunchbase.

New York City

New York City Company Fintech California

Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23

Fintech Labs Insights

JULY 23, 2015

CircleBack Lending. Consumer lending P2P marketplace. HQ: Minneapolis, Minnesota. Tags: Lending, credit, SMB. Total raised: $55 million. Source: Finovate. HQ: Boca Raton, Florida. Latest round: $17.5 million Series A. Total raised: $22 million. Source: Crunchbase. Payment acceptance technology. Source: Crunchbase.

Company

Company Connecticut Fintech Austin

BNPL Firm Sezzle Allies With Ally Lending To Expand Loan Options

U.S. Bank Reaching Beyond Branches as 71% of Active Customers Are Now Digital

Trending Sources

U.S. Bancorp's earnings checked by subdued lending activity

BNPL Sezzle Raises $55M

U.S. Bank to Donate Minneapolis Branch to Nonprofit Community

Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

Fed’s Kashkari: Quick Economic Rebound Unlikely

Some SMBs Switched Banks When PPP Loans Failed To Come Through

Sezzle Names Former PayPal Exec To Lead Sales

Commercial, mortgage, card lending rise at U.S. Bancorp

Mnuchin: Federal Help Could Be Coming For Looted Stores

U.S. Bancorp pledges $116 million to address racial inequality

US Bank automates construction loan process

Kristen Larson joins Ballard Spahr’s Consumer Financial Services Group

U.S. Bancorp Hoping For Regulation Lift By End Of Year

U.S. Bank credits teamwork for its SBA lending surge

Education: By Popular Demand

Suburban Minneapolis banks to merge in bid for scale, diversification

Young Lenders and the Groundhog Syndrome

Big Week Ahead For Retail; Target Earnings Expected To Show Momentum Of Digital Shift

U.S. Bancorp Cooperating with Probe of Client's Alleged Payday Lending Scam

CFPB announces advisory committee members

Claim: Racial Disparities Rampant in Three Midwest Metro Areas

Washington Watch

Ballard Spahr Submits Comment Letter to OCC in Support of Proposed True Lender Rule

U.S. Bancorp Earnings Dip on Higher Costs, Energy Exposure

U.S. Bancorp Predicts Stable 4Q Margins, Lower Mortgage Fee Income

The 2019 GonzoBanker Awards

Top 34 Digital Lenders to U.S. Small Businesses (SMB) (July 2024)

Fintech Fundings: 21 Companies Raise $215 Million Week Ending Feb 19

Fintech Fundings: 26 Companies Raise $280 Million in 4th Week of June

Fintech Fundings: 38 Companies Raised $300 Million First Week of June

ABA Uncon: It’s All About Marketing

Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Top 33 Digital Lenders to U.S. Small Businesses (SMB) in Nov 2021

Top 33 Digital Lenders to U.S. Small Businesses (SMB) in Nov 2021

Top 33 Digital Lenders to U.S. Small Businesses (SMB) in Nov 2021

2021 GonzoBanker Awards

Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Fundings: 35 Companies Raise $470 Million the Third Week of June

Why Regulators’ War On Fees Will Kill Consumers

Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Fundings: 21 Companies Raise $460 Million Week Ending April 1

Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23

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