Community Banks See Big Jump in Loan Growth

According to data from FIG Partners total loans at publicly traded banks with assets of less than $20bn rose 9.2 percent in the 4th quarter compared to the previous year; banks above $20bn in assets saw loan growth of 2.7 percent; there is a worry in the market that in order to keep up loan growth these banks are sacrificing credit quality; the pressure is also coming from new fintech entrants, causing community banks to not only compete with other banks for loans and deposits but digital firms as well; most banks feel credit quality is stable and the lessons from the recent financial crisis are still very much top of mind. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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