“If you’re in Midland, Texas, you’re in the oil business,” says Jay Isaacs. “It doesn’t matter if you have a doughnut shop or a dry cleaners.”
Browsing: Commercial Lending
A special report on business banking from the May/June 2019 issue of the ABA Banking Journal.
A look under the hood at Eastern Bank’s Express Business Loan.
In the process of helping your bank remain your customers’ most important ally, ABA aims to be yours.
“The American economy in general is the best in the world at allocating new capital to rapidly growing sectors, and that’s the number-one thing you want from your banking and financial system,” Cowen says.
The Alternative Reference Rates Committee today issued its fallback language recommendations for floating rate notes and syndicated business loans that reference the U.S. dollar London Interbank Offer Rate.
On the latest episode of the ABA Banking Journal Podcast, United Bankshares President Rick Adams talks about United Bank’s experience with M&A and offers tips on providing quick and candid communication in the merger process.
The Alternative Reference Rates Committee today issued “A User’s Guide to SOFR,” a handbook to help market participants understand the Secured Overnight Financing Rate, its preferred alternative to the London Interbank Offered Rate, and how it can be used in cash products.
About 57 percent of banks’ commercial credit renewals for terms of three years or longer are being rolled over at existing prices rather than being repriced.