Wendy Cai-Lee leads one of the latest crop of U.S. de novo banks: Piermont Bank, opened to address “pain points” faced by middle-market businesses.
Browsing: ABA Banking Journal Podcast
Based in San Francisco and leading California’s market for the Bank of Guam, plus currently serving as chairman of the Western Bankers Association, Dave Joves shares a trans-Pacific view of banking on the latest episode of the ABA Banking Journal Podcast.
The OCC is planning to unveil what Acting Comptroller Brian Brooks called “payments charter 1.0” as soon as this fall, Brooks said on the latest episode of the ABA Banking Journal Podcast.
First Independence Bank was founded 50 years ago to help rebuild Detroit’s economy in the wake of damaging urban violence. Today, in a new era of economic hardship due to the coronavirus pandemic, and protests and unrest in response to incidents of racial injustice, minority depository institutions continue to have a unique role in serving distressed communities.
In a matter of days, bankers rallied to deliver hundreds of billions of dollars in loans to support Americans’ jobs amid the coronavirus pandemic. The stakes: the survival of the small business economy on which every bank and community relies.
Through the Small Business Administration’s Paycheck Protection Program, banks delivered the biggest economic rescue program in U.S. history. Luke Bernstein, EVP at Orrstown Bank in Orrstown, Pennsylvania, discusses his bank’s PPP lending.
The nation’s top economists forecast that the economy will experience a 6% contraction in 2020, with conditions beginning to recover sometime around the third quarter after a sharp second-quarter decline, according to the American Bankers Association’s Economic Advisory Committee.
Memorial Day signified the beginning of summer in many parts of the country, and the slow but steady reopening of business activity in the wake of the coronavirus pandemic. Iowa Superintendent of Banking Jeff Plagge offers ideas for long-term solutions to get struggling businesses back on their feet after the lockdown.
As the coronavirus pandemic and the policy response to it affect businesses and commercial credit, many borrowers are converting revolving and secured cashflow credit facilities to asset-based lending facilities. Ed Gately of MUFG Americas discusses this trend and what it means for borrowers and banks.
As states begin to relax stay-at-home orders, many banks are beginning to plan for the safe and efficient return to normal in-office operations. Here are some answers to banker questions on what they need to know.