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Crypto Fails To Impress For Corporate Tax Payments

PYMNTS

When the state of Ohio partnered with cryptocurrency company BitPay last year, it meant the state would become the first in the U.S. to allow businesses to pay their corporate taxes in bitcoin. Ohio’s effort signaled a renewed push for corporate adoption of cryptocurrency.

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Passage Of SAFE Banking Act Gives Cannabis Businesses Access To Banking

PYMNTS

1595, known as the Secure And Fair Enforcement (SAFE) Banking Act, on Wednesday (Sept. The bill was sponsored by Congressmen Ed Perlmutter of Colorado, Denny Heck of Washington, Steve Stivers of Ohio and Warren Davidson of Ohio, all members of the House Financial Services Committee. House of Representatives passed H.R.

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The ICBA 22/23 executive committee is all in

Independent Banker

Treasurer Sarah Getzlaff, CEO, Security First Bank of North Dakota, New Salem, N.D. Coldwater, Ohio. We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. For instance, ICBA is calling for congressional hearings on the credit union tax exemption.

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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. Cumberland Security Bank, Inc. First Security Bank of Deer Lodge. First Bank of Ohio. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. In true community bank fashion, each has its own story to tell and its own path to success. Less than $300 million. Philadelphia.

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It’s Not Easy Being Green: Cannabis Payments

PYMNTS

m oderated by Cortex MCP CEO Shaunt Sarkissian, with participation from Ohio State Senator William P. They also pay their staff, pay their suppliers, pay their utility bills and pay their taxes. That was one of the voices from the Innovation Project’s panel on “The State of Cannabis and Commerce in the U.S.,”

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CRE risk management: Navigating hazards and opportunities

Abrigo

Banks and thrifts hold half of all outstanding CRE debt through the second quarter, with insurance companies accounting for 12% and commercial mortgage-backed securities holding 14%, according to Trepp. Deferred maintenance and missed tax payments are other red flags for financial institutions to monitor. CRE loans make up 28.7%

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A Solution for Closely Held Banks

Jeff For Banks

This month, Old Fort Banking Company in Tiffin, Ohio gave us an answer. The ESOP is funded with tax-deductible contributions by the employer in the form of company stock, or in the case of the Old Fort ESOP, with cash that was used to purchase company stock. Either way, Old Fort would have likely secured the loan.

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