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Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief

PYMNTS

Each week, PYMNTS will round up some of the latest initiatives from governments, banks and FinTechs around the world to lend support for small businesses struggling as a result of the coronavirus. to help bailing out their SMB customers, with some regional financial institutions (FIs) already taking action.

Payments 173
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The top-performing community banks of 2021

Independent Banker

Wyoming Bank & Trust. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. Genesee Regional Bank. Philip Pecora, president and CEO, Genesee Regional Bank. Genesee Regional Bank. Rapid City.

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Excited To Help People

Independent Banker

Central Region Award Recipient. His collection of shot glasses, each bearing a particular state’s name or emblem as tangible evidence of his visits to those states, is complete after a recent trip through the Dakotas, Montana, Wyoming and then, lastly, Alaska. One person cannot do it all—there’s just way, way, way too much to do.” —Jim

St. Louis 105
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Cryptocurrency risks, rewards and red flags for financial institutions

Abrigo

Today’s cryptocurrency platforms also offer crypto-backed loans, allowing users to leverage their portfolios as loan collateral in a system similar to securities-based lending. Be sure that your initial notification to the regional director describes in detail your institution’s proposed timeline for engaging in crypto-related activity.