If you’re one of the millions of Americans unable to cover your housing costs right now, take advantage of the eviction moratorium and mortgage relief programs now extended through June 30. Keep an eye out for the additional benefits of the COVID-19 aid program under discussion. in Washington and call 211 to be connected to […]
NEW YORK–(COMMERCIAL THREAD) – Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three categories of notes issued by CFMT 2021-GRN1 Issuer Trust (“CFMT 2021-GRN1”), an ABS home improvement loan transaction. CFMT 2021-GRN1 will issue three classes of notes totaling $ 261.779 million, secured by economic participation interest (the “Participations”) in a pool of approximately […]
The Federal Reserve estimated at the end of 2020 that 45 million Americans collectively owed more than $ 1.7 trillion in student loans, an increase of nearly 4% from the same period last year. American student debt has increased by about 102 percent over the past 10 years. As a presidential candidate, Joe Biden campaigned […]
Integration combines the powerful eMentor RMA platform with industry-leading intelligence from Vertical IQ PHILADELPHIA CREAM, February 23, 2021 / PRNewswire / – The Risk Management Association (RMA), a member-driven association whose mission is to improve the practice of sound risk management principles in financial institutions, today announced that it has added Vertical IQ Industry Intelligence […]
Seasoned finance professionals Edmund O’Carroll and Brian Kruse to lead the bank’s climate-focused strategic growth as part of the inaugural leadership team ST. PETERSBURG, Fla., March 02, 2021 (GLOBE NEWSWIRE) – Climate First Bank (in organization), a values-based community bank, today announced the additions of Edmund O’Carroll as Executive Vice President and Senior Lending Officer […]
This is the idea behind Pipeline feeds LLC, a Minneapolis-based company that after just three years is approaching $ 300 million in gross revenue and is among the top five companies handling organic and non-GMO grains and ingredients. The company is 100% focused on developing the non-GMO and organic food supply system. They have 11 […]
NEW YORK–(COMMERCIAL THREAD) – On October 27, 2020, Kroll Bond Rating Agency (KBRA) assigned New York, New York senior unsecured debt and deposit ratings of BBB +, a subordinated debt rating of BBB and debt ratings of short term and deposits of K2- amalgamated Bank (NASDAQ: AMAL) (“Amalgamated” or “the bank”). The outlook for long-term […]
GILROY, Calif., Jan.28, 2021 / PRNewswire / – Pinnacle Bank (OTCQX: PBNK), which is headquartered in Gilroy, Calif., today reported unaudited net income for the year ended December 31, 2020 of $ 3,941,000, down 30% from net income 2019 of $ 5,564,000. Unaudited net income for the fourth quarter of 2020 was $ 1,411,000, compared […]
Text size Even banks that are not part of the merger bonanza can expect to see the positive effects of a wave of consolidation. The time of dreams After a relatively dormant 2020, Wall Street expects a wave of bank mergers this year. The economic impact of the coronavirus pandemic has dampened much of the […]
On September 25, we published an updated research report on M&T banking company Mountain biking. The growth outlook for the Buffalo, NY-based banking giant looks encouraging as it continues to show strength in several areas, including organic growth through rising loans and deposits, as well as its inorganic growth strategies. However, persistent increases in non-interest […]
ST. LOUIS – (COMMERCIAL THREAD) – Rabo AgriFinance has announced a new loan product that can make it more financially viable for farmers to seek organic certification on all or part of their farms. With advice from Pipeline Foods, Rabo AgriFinance has developed a financial framework that gives farmers the flexibility to receive the necessary […]
The Warsaw-based Lake City Bank operates 51 branches in Indiana. (image courtesy: Lake City Bank) Lakeland Financial Corp. (Nasdaq: LKFN), based in Warsaw, reports annual net profit of $ 84.3 million, up from $ 87 million the previous year. The parent company of Lake City Bank reported quarterly net profit of $ 24.6 million, up […]
Organic loan growth is a popular phrase these days. Today, a growing number of credit unions are looking for ways to attract more loans directly. The growth of direct (vs. indirect) lending may be more attractive, removing middlemen to improve returns and leveraging direct contact with members to increase cross-selling and higher revenue per member. […]