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Small Banks

Regulators Trim Portion Of Volcker Rule After Banks Complain

Reuters | Emily Stephenson | Posted 01.25.2014 | Home

WASHINGTON (Reuters) - Five U.S. bank regulatory agencies on Tuesday approved a tweak to the Volcker rule that would allow banks to keep interests in ...

What to Consider When Deciding on Large vs. Community Bank

MyBankTracker | Posted 10.27.2013 | Home

Both big and small banks provide the same essential services of holding your money and allowing you to incur interest through various savings accounts; however, in other areas, some of the differences are stark.

1,000 Branch Banks to Serve the Poor (You and Me, Too)

John Hope Bryant | Posted 08.06.2013 | Home
John Hope Bryant

American branch banking needs a renewed and relevant future. Traditional financial literacy needs a renewed and relevant future. Think of an innovative solution which re-imagines each. Imagine returning the word 'community' back into the storyline of American banking.

New Rules Could Kill Community Banks

Reuters | Emily Stephenson | Posted 12.22.2012 | Home

By Emily Stephenson WASHINGTON (Reuters) - New York's top state bank regulator called on Washington on Monday to spare community banks ...

Deserted By Big Banks, Main Streets Turns To Small Lenders

The Huffington Post | Nate C. Hindman | Posted 08.21.2012 | Home

Small banks continue to beat out their bigger counterparts when it comes to small business lending, according to credit marketplace Biz2Credit's June ...

Former Banker on How to Recover From Small Business Lending Crisis

Karin Kamp | Posted 08.07.2012 | Home
Karin Kamp

The salvation for small businesses appears to be the community banks that represent just 10% of all U.S. banks. These bankers live in the community. These are the old-fashioned relationship bankers that want to know about the character of the person they lend to.

SBA's New Rules Enable Its Small Loan Advantage Program to Reach Small-Business Owners Nationwide

Jerry Chautin | Posted 08.06.2012 | Home
Jerry Chautin

Wisely, SBA modified its rules to permit all SBA lenders to participate in the Small Loan Advantage Program effective June 1. The changes are part of SBA's massive modification to its standard operating procedures.

This Guy Is Probably The Nicest Banker In America

The Huffington Post | Alexander Eichler | Posted 05.23.2012 | Money

If you were going to sit down and design the opposite of a Wall Street banker, you would probably come up with someone like Patrick Cullen. Cullen ...

Converting to JPMorgan Chase

Rachel Havrelock | Posted 07.01.2012 | Home
Rachel Havrelock

In early March, I received a letter from my bank informing me of an impending "Conversion Date" on May 4. As a Religious Studies professor, I read on eagerly wondering what aspects of my body or soul might change.

Don't Abolish SBA; Mills Says Her Agency Is Faster, Quicker, Better

Jerry Chautin | Posted 06.11.2012 | Home
Jerry Chautin

Some legislative ideologues and conservative groups would rather abolish the SBA than spend taxpayers' money to boost its small business loan-guarantee programs.

Zach Carter

'We'll Fight This To The Death': The Vicious Capitol Hill Battle Between Banks and Credit Unions | Zach Carter | Posted 03.22.2012 | Home

WASHINGTON -- In early February, Alabama Republican Spencer Bachus called for a meeting between two of the most quietly influential interest groups in...

Surprised? Those Big Banks That Got Taxpayer Money Are Still Taking Huge Risks

The Huffington Post | Bonnie Kavoussi | Posted 03.07.2012 | Home

The big banks that critics claim caused the financial crisis may have gotten bailed out, but they apparently haven't learned their lesson. Large b...

Christopher Whalen and the Bet on Small Banks

Robert Teitelman | Posted 04.02.2012 | Home
Robert Teitelman

Traditional banking is a difficult, commoditized service business, shorn of products that make fat profits. That's the reality that no one ever speaks of when they cry out to revive Glass-Steagall or when they wax poetic about the joys of small-town banking.

SBA is Making Lines of Credit More Available --- Maybe

Jerry Chautin | Posted 01.11.2012 | Home
Jerry Chautin

To provide the much-needed liquidity, the U. S. Small Business Administration is revising its CAPLine program to make lines of credit more acceptable to lenders and more available to small-business owners. However, banks would rather make conventional LOCs rather than hassle with some of the SBA's requirements.

It's Really Time to Move Your Money!

Michael McGown | Posted 11.13.2011 | Home
Michael McGown

While there are a number of sources for locating good, small, customer-friendly banks and credit unions, I've found two that are quite helpful.

Lender "Screws Up," Others Can Learn From Its Mistakes

Jerry Chautin | Posted 10.17.2011 | Home
Jerry Chautin

Every bank has its own sweet spot for small-business loans and will look at your application somewhat differently. Find the right one and form a business relationship before applying.

New Rules Help Regional Banks At Expense Of Big Banks: Analysis

Posted 08.27.2011 | Home

NEW YORK (David Henry and Dan Wilchins) - New regulations announced over the weekend will likely benefit PNC Financial Services Group Inc, US Bancorp ...

Big Banks Are Still Sassy, but Their Branch Offices Are Running Scared

Nicholas Carroll | Posted 08.02.2011 | Home
Nicholas Carroll

As the big banks shrink in assets by their own choices, average Americans can help them shrink to a size where they're no longer Too-Big-To-Fail. Because somewhere ahead is a tipping point, where they become Small Enough To Fail.

Zach Carter

Bair Cries Foul At Bernanke Over Swipe Fees | Zach Carter | Posted 07.12.2011 | Home

WASHINGTON -- The Federal Reserve chairman and Federal Deposit Insurance Corporation chairwoman insisted Thursday that regulating the fees banks can c...

Simon Johnson: Why Would Small Banks Oppose Debit-Card Reform?

The New York Times | Simon Johnson | Posted 07.12.2011 | Home

It’s not hard to understand why large banks oppose any attempt to overhaul the financial arrangements currently surrounding credit cards and debit c...

Bernanke: Dodd-Frank Should 'Level Playing Field' For Small Banks

Reuters | Dave Clark | Posted 05.25.2011 | Home

SAN DIEGO - New financial regulatory reforms should help reduce the edge that large banks have over smaller ones because of their implicit support fro...

William Alden

For Small Businesses, Credit Is Still Tight | William Alden | Posted 05.25.2011 | Home

In a sign that the economic recovery still faces challenges, small businesses continue to report difficulty getting loans. More than 10 percent of sm...

Obama's Job Creation Plan and Business Growth Coincide at Exporting

Jerry Chautin | Posted 05.25.2011 | Home
Jerry Chautin

You can increase your revenues by selling products and services overseas, even if you've never done it before. Moreover, exporting creates jobs in America. That is why Obama wants the federal government to help you get started.

FDIC Closes 4 Small Banks, Bringing 2011 Failures To 7

Posted 05.25.2011 | Home

WASHINGTON (Reuters) - U.S. authorities closed four banks -- one in Denver and three in the U.S. Southeast -- on Friday with total assets of $2.7 bill...

Brokers Are Blamed for Loan Failures

Jerry Chautin | Posted 05.25.2011 | Home
Jerry Chautin

Lenders, brokers and borrowers beware. The Small Business Administration's Inspector General is looking for errors made during the origination, closing and servicing procedures.