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Small Banks

FDIC Closes 4 Small Banks, Bringing 2011 Failures To 7

Posted 05.25.2011 | Business

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 bi...

Brokers Are Blamed for Loan Failures

Jerry Chautin | Posted 05.25.2011 | Business
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.

Former Treasury Advisor Starting Company That Could Help Small Banks

The Huffington Post | William Alden | Posted 05.25.2011 | Business

In an effort to restore a crucial segment of the economy that was wounded in the financial crisis, a former government official is starting a company ...

Nate C. Hindman

Befriending A 'Venture Bank' In The Hunt For Cash

HuffingtonPost.com | Nate C. Hindman | Posted 05.25.2011 | Business

Are venture bankers schooling first-time entrepreneurs and opening up their Rolodexes simply out of the kindness of their hearts?

William Alden

Small Banks Struggling -- And Small Businesses Are Being Dragged Down With Them

HuffingtonPost.com | William Alden | Posted 11.30.2010 | Business

As the American economy shows encouraging signs of improvement, one crucial relationship threatens to impede expansion: Many small banks remain in poo...

As TARP Ends, Small Banks Still Struggling To Repay

Reuters | Joe Rauch and Dave Clarke | Posted 05.25.2011 | Business

Reuters) - The U.S. government's $700 billion bailout of the financial system has become a form of long-standing aid for many of the nation's small an...

William Alden

FDIC Report: Small Banks Suffer, As Banking Industry Strengthens

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

As the banking industry as a whole grows stronger, smaller banks are missing out on a recovery, a new report from the FDIC shows. Weakened local banks...

More Small Banks Are Becoming TARP 'Deadbeats'

washingtonpost.com | Brady Dennis | Posted 05.25.2011 | Business

The latest report from the agency shows that more than 120 institutions - nearly all of them small banks - have missed their scheduled quarterly divid...

Community Banks Find 'Once In A Lifetime Opportunity' In California

Posted 05.25.2011 | Los Angeles

The Huffington Post's Willow Bay sits down with Opus Bank's Stephen Gordon to discuss what makes today a 'once in a lifetime opportunity' for communit...

New Refinancing Program May Help Stem a Pending Foreclosure Disaster

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Pundits say that $350 billion of commercial mortgage loans are coming due for payoff. The balances still owed are so high that many borrowers will be unable to refinance conventionally.

$30 Billion Is Being Allocated to Boost Small-Business Lending

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Big banks prefer making multimillion-dollar loans to large corporations instead of small-businesses because the fee income is greater and it allows them to hire experts in industries that they want to target.

Small Banks STILL Struggling Despite Wall Street Bailout

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — To the list of economic woes squeezing small banks, add another one: government bailouts. The Treasury Department's bailout progra...

ShoreBank Becomes Urban Partnership Bank

Karen K. Harris | Posted 05.25.2011 | Chicago
Karen K. Harris

Why did the White House push so hard for bailouts to Wall Street firms, the purveyors of the economic crisis, and not community banks, such as ShoreBank, the institutions hit hardest?

Want to Help Small Businesses? Move Your Money to One

Katy Welter | Posted 05.25.2011 | Business
Katy Welter

Small banks are the number one source of funding for the country's greatest source of new jobs: small businesses. Help tip our fragile economy toward a bold recovery by moving your money to a local bank.

Thomas Hoenig: 'Too Big To Fail' Threatens Small Banks

Posted 05.25.2011 | Business

America's "Too Big To Fail" banking institutions threaten the viability of community banks, a top Federal Reserve official said Monday. In prepare...

Your Money Search Begins With a Persuasive Cover Letter

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Even though the cover letter is rarely thought of as a business-plan document, it begins the process of selling your concept to the loan officer and finance committee.

Small banks being crushed by Fed's game of musical chairs

Warren Mosler | Posted 05.25.2011 | Business
Warren Mosler

Small banks, already penalized with a higher cost of funds than the large banks have more recently been forced to contract due to 'wholesale funding' restrictions being imposed by the regulators.

Big Win For The Fed: Senate Votes To Keep Small Banks Under Fed's Watch

bloomberg.com | Alison Vekshin and Scott Lanman | Posted 05.25.2011 | Business

May 12 (Bloomberg) -- The U.S. Senate today approved an amendment to the financial-overhaul bill to retain the Federal Reserve's powers to supervise s...

Bernanke: Keep Fed As Watchdog Of Small US Banks

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Federal Reserve Chairman Ben Bernanke made a fresh pitch Saturday to retain oversight of small banks, contending that what the Fed ...

Shahien Nasiripour

Federal Oversight Panel Slams Obama's Small Business Plans, Says Administration Not Doing Enough

HuffingtonPost.com | Shahien Nasiripour | Posted 05.13.2010 | Business

A federal oversight panel criticized the Obama administration's attempts to boost small business lending, expressing doubts on everything from the pla...

The $6200 Insult: How Chase Manhattan Convinced Me to Finally Move My Money

Ernest Nitzberg | Posted 05.25.2011 | Business
Ernest Nitzberg

For those too lazy to change banks, I too say now is the time. It cost $6200 from my retirement fund for me to realize it's time to move my money.

Shahien Nasiripour

Elizabeth Warren Warns About Commercial Real Estate Crisis, 'Downward Spiral' For Small Businesses, Local Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Even as the economy shows signs of recovery, a government watchdog is warning that another financial crisis is coming round the bend -- and that the T...

New Mexico House Votes 65-0 To Move State's Money To Credit Unions, Community Banks

Posted 05.25.2011 | Politics

New Mexico's House of Representatives voted Monday to pass a bill that allows the state to move $2 billion - $5 billion of state funds to credit union...

The Only Way to Restore the Flow of Credit to Small Businesses

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

Big banks have constricted lending, making small banks the key to restoring the flow of credit. But their capacity to do so during a recession hinges on whether the Senate reauthorizes a key loan-guarantee program.

Shahien Nasiripour

Banks Could Get Money From New Obama Proposal -- And Still Not Lend

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The Obama administration's new proposal to stimulate the economy would send money to smaller banks, with the hope that they would then lend it to smal...