The State Land Bank Authority is pleased to note the importance of today in the history of Michigan land banks. Twenty years ago today - January 5, 2004 - the state's legislation to form the State Land Bank became effective. Join us over the next 12 months as we celebrate the accomplishments of local land banks statewide that have impacted their communities over the past 20 years. Here is a message from our Joseph Rivet, our Executive Director: "I am delighted to share a momentous milestone with you - the celebration of 20 years of dedicated efforts in land banking in Michigan. Reflecting on this remarkable journey, it fills me with immense pride to be a part of the tremendous impact we've had on communities and neighborhoods throughout the state. Over the past two decades, our organization has been at the forefront of innovative land banking strategies, fostering the development of properties, promoting and supporting land bank operations and transforming blighted structures into vibrant assets that contribute to the revitalization of our communities. Your unwavering support, commitment and collaboration has been instrumental to these efforts. Thank you for being an integral part of our continued success. Here's to 20 years of transformative land banking, and to many more years of building a better Michigan together."
State Land Bank Authority’s Post
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We know Community Banks work hard in the communities we live in, that hard work shows through our clients satisfication. According to the Federal Reserve’s Small Business Credit Survey: Report on Employer Firms, community banks are the small business lender of choice. 81% of community bank loan applicants were satisfied with their experience, compared with 68% at large banks, 62% at finance companies, and 48% at online lenders. Community banks’ net satisfaction score of 77% topped large banks by 15 points, finance companies by 25 points, and online lenders by 48 points. [email protected] arborbanking.com
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Start earning higher interest today with Arbor Financial Credit Union's Premier Savings Account - no minimum deposit required! Enjoy impressive returns and immediate access to your savings. Click below to learn more! #WeAreArbor #GetMoreWithArbor #HighYieldSavings
Premier Saving | Arbor Financial Credit Union
arborfcu.org
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Bank executives can read 3 articles below to hear how their peers across the country leverage reciprocal deposits to increase balance sheet flexibility, simplify operations, better serve their customers, and enhance profitability:
Reciprocal deposits remain a “core” part of deposit-gathering strategies for banks across the U.S., and most reciprocal deposits are reportable as core deposits. Find out how bankers in Colorado, Maryland, and Nebraska are helping their customers keep their large deposits secure and winning their loyalty with reciprocal deposits. ➤ How three Colorado bankers use a decades old solution to maintain their deposits >>> https://lnkd.in/exJ6xPcR ➤ Simplify your banking relationships: Get the deposit insurance you need >>> https://lnkd.in/ef__sxG2 ➤ What does everyone want from their bank? Security. >>> https://lnkd.in/eHHbVBqT More information on IntraFi in the news – https://lnkd.in/gJ7QPYMr
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Most bank executives I meet with are focused on deposit growth. Here are more examples of how bank leaders leverage reciprocal deposits to safeguard customer funds and increase deposits. #BankingInnovation
Reciprocal deposits remain a “core” part of deposit-gathering strategies for banks across the U.S., and most reciprocal deposits are reportable as core deposits. Find out how bankers in Colorado, Maryland, and Nebraska are helping their customers keep their large deposits secure and winning their loyalty with reciprocal deposits. ➤ How three Colorado bankers use a decades old solution to maintain their deposits >>> https://lnkd.in/exJ6xPcR ➤ Simplify your banking relationships: Get the deposit insurance you need >>> https://lnkd.in/ef__sxG2 ➤ What does everyone want from their bank? Security. >>> https://lnkd.in/eHHbVBqT More information on IntraFi in the news – https://lnkd.in/gJ7QPYMr
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Reciprocal deposits remain a “core” part of deposit-gathering strategies for banks across the U.S., and most reciprocal deposits are reportable as core deposits. Find out how bankers in Colorado, Maryland, and Nebraska are helping their customers keep their large deposits secure and winning their loyalty with reciprocal deposits. ➤ How three Colorado bankers use a decades old solution to maintain their deposits >>> https://lnkd.in/exJ6xPcR ➤ Simplify your banking relationships: Get the deposit insurance you need >>> https://lnkd.in/ef__sxG2 ➤ What does everyone want from their bank? Security. >>> https://lnkd.in/eHHbVBqT More information on IntraFi in the news – https://lnkd.in/gJ7QPYMr
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You don't want to miss this! The Community Reinvestment Act has undergone significant strengthening. The final rulemaking applies to all banks subject to the #CRA, aiming to modernize and enhance it. Dive into our recent article by Colin Sweeney to explore the major changes and their impact. 💡 Read it here: https://lnkd.in/gBDuKrKS #CommunityReinvestmentAct #CommunityBanks
Community Reinvestment Act Strengthening: What it means for community banks
schneiderdowns.com
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You can only kick the can down the road so far before it rolls down the hill and fall off a cliff…. Several California banks are dangerously overexposed to commercial real estate (CRE), with 31% of them carrying loan portfolios three times larger than their capital, according to a recent analysis by Bloomberg. This revelation comes amid rising inflation and warnings from economists like Larry Summers about potential interest rate hikes in 2024, further exacerbating the challenges facing banks reliant on rate cuts to stabilize their CRE balance sheets. With nearly $1 trillion in commercial mortgage-backed securities (CMBS) loans set to mature in the next year and foreclosure filings on CRE properties in California already tripled from last year, the specter of another banking crisis looms large. Despite efforts to enhance oversight following the collapse of institutions like Silicon Valley Bank and First Republic, many smaller California banks may have escaped regulatory scrutiny, leaving them vulnerable to market shocks. https://lnkd.in/evhkbW5N
One Year After SVB’s Collapse, California Banks Are Back in the Spotlight
bloomberg.com
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Explore the unique ethos of building societies with Iain Kirkpatrick, CEO of Market Harborough Building Society. From saying 'yes' to customers to giving back to the community, learn how MHBS is redefining banking. Read more: https://lnkd.in/e4hrU5V7
One to One - Iain Kirkpatrick, CEO, Market Harborough Building Society – Mortgage Strategy
https://www.mortgagestrategy.co.uk
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In this blog article, the focus is on unlocking financial stability from rent to homeownership and crime prevention to income replacement. The article delves into the various steps individuals can take to transition from renting to owning a home, including saving for a down payment, improving credit scores, and exploring different loan options. Additionally, the article discusses the importance of crime prevention measures in maintaining financial stability, such as investing in home security systems and being vigilant about personal safety. Finally, the article touches on income replacement strategies, such as creating multiple streams of income and investing in education and skills development. Overall, this article provides valuable insights into achieving financial stability through strategic planning and proactive measures.
Unlocking Financial Stability: From Rent to Homeownership, Crime Prevention to Income Replacement - Fast Ai Loans
fastailoans.com
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Make money💰while saving up for a down payment?? Yes, it's possible! And it's free, no-risk and you can withdraw the funds any time. 𝑯𝒆𝒓𝒆'𝒔 𝒕𝒉𝒆 𝒃𝒓𝒆𝒂𝒌𝒅𝒐𝒘𝒏: Compare keeping $50,000 in a regular checking account versus stashing it in a High-Yield Savings Account (HYSA) like SoFi, which offers an impressive 4.6% interest rate (at the time of sharing this post). After 5 years, that $50,000 in a checking account might barely keep pace with inflation, while the same amount in a HYSA could potentially grow to over $60,000! Plus, here's the kicker: HYSA deposits are FDIC-insured up to $250,000, so your money is safe and protected until you need it. 👉🏼Don't let your money sit idly in a checking account when it could be working for you. ⚜️Jodie Wild⚜️ 📞: 502.548.2140 📧: [email protected] #homebuyingtips #louisvillehomebuyers #downpayment #thejodiewildteam #louisvilleky #louisvillerealtor
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7moYes a great thing