Coronavirus: What lenders should do now

Coronavirus: What lenders should do now

/ The Economy
With cash flow, liquidity and credit tightening drastically across industries, and in the face of historically low interest rates, lenders will face several new and unique challenges over the coming months as the full effects of the coronavirus pandemic are felt throughout the economy ...
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Architects help bankers weather the worst

Architects help bankers weather the worst

/ Features
Natural disasters are nothing new, but climate scientists are predicting more extreme weather events, which will continue to affect entire ...
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Win young customers through reputation, better advertising

Win young customers through reputation, better advertising

/ Marketing
While younger generations happen to be primarily big-bank customers, it’s not necessarily because they like to. Big banks capture their ...
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Independent bankers have fighter at the wheel in Noah Wilcox

Independent bankers have fighter at the wheel in Noah Wilcox

/ Features
Noah Wilcox has had it up to his ears with the gloom-and-doom attitude that community bankers are unable to compete ...
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Chronicles

First bank failure of coronavirus era

/ Chronicles
The First State Bank, based in Barboursville, W.Va., was closed by state regulators April 3. MVB Bank, Inc., of Fairmont, ...
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SBA makes changes to PPP to encourage community bank involvement

/ Chronicles
The Small Business Administration modified guidelines for its Paycheck Protection Program in order to encourage community banks to participate in ...
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Unemployment claims surge by 6.6 million

/ Chronicles
More than 6.65 million people filed new unemployment claims in the week ending March 28. This doubled the record set ...
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SBA will begin accepting CARES loan applications April 3

/ Chronicles
The Small Business Administration and the Treasury Department are mobilizing banks to get $349 billion in capital to small businesses ...
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Federal agencies offer reg relief to small banks

/ Chronicles
Federal agencies are extending grace periods for submitting documents and encouraged small-dollar lending as economic conditions remain uncertain ...
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Stimulus package approved, bank exams reduced

/ Chronicles
The White House and the senate reached an agreement on a coronavirus stimulus package on March 25, which aims to ...
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People

FPC names new executive director

/ Promotions & New Hires
The U.S. Faster Payments Council named Reed Luhtanen, payments expert and industry veteren, as its executive director on March 25 ...
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Stearns Bank names new director

/ Directorships
Kathy Persian has joined the board of Stearns Bank N.A., St. Cloud, Minn. She is SVP/CIO for Schwan's Company, Bloomington, ...
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Minnesota Bank & Trust names president

/ Promotions & New Hires
Stephen Bishop was named president and CEO of Minnesota Bank & Trust, Edina, succeeding Ken Brooks ...
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Opinion

Crisis response should be practical, empathetic

/ Opinion
In these uncertain times, questions swirl among community bankers about the best way to support their customers and communities through ...
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AI deployed as CRM tool for wealth managers

/ Technology
Practifi is a Chicago startup developing business management tools for financial institutions and wealth advisors. Adrian Johnstone and Glenn Elliott, ...
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Does your bank have a remote work plan?

/ Operations
All banks are required to assess the risk of a pandemic to their business and have a plan to address ...
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Community Relations

Banks respond to crisis, invest in communities

/ Community Relations
Banks in Iowa and Minnesota announced new programs and donations which will benefit employees and community members during the COVID-19 ...
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Park Financial to set up emergency loan fund

/ Community Relations
Minneapolis-based Park Financial Group announced an emergency loan fund of approximately $30 million to help local businesses impacted by the ...
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Ames bank holds blood drive

/ Community Relations
First National Bank in Ames, Iowa, is helping its community by hosting a blood drive in partnership with LifeSere Blood ...
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