Coordinator funds

MUCH OF PPP LOANS WENT TO LARGE COMPANIES, DATA SHOWS

About 600 companies, including dozens of national chains, have reportedly received up to $ 10 million in Paycheck Protection Program loans. WASHINGTON – Editor’s Note: The related video above was posted on August 4. The release of data on paycheck protection program beneficiaries found that much of the money goes to large companies, with a small […]

Coordinator funds

The anatomy of a successful organic credit growth strategy

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. […]

Coordinator funds

Lake City Reports Annual and Quarterly Profits

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 […]

Coordinator funds

Rabo AgriFinance designs the industry’s first organic transition loan offer

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 […]

Coordinator funds

Organic growth supports M&T Bank (MTB), cost issues persist

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 […]

Coordinator funds

It could be a big year for bank mergers. Here are some names to watch out for.

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 […]

Coordinator funds

Pinnacle Bank announces its 2020 results

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 […]

Coordinator funds

KBRA publishes rating report for merged bank

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 […]

Coordinator funds

Pipeline Foods experiences organic growth

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 […]

Coordinator funds

Climate First Bank (In Organization) Appoints Bay Area Residents to Board of Directors

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 […]