Note: Since this article was written, Janet Yellen was confirmed (84-15) and was sworn in as the first Female Treasury Secretary in U.S. history on Tuesday morning. The original story follows: Janet Yellen has not been confirmed yet, but we…
Month: January 2021
PPP Relaunch Open to Select Institutions
We know many small businesses were left behind in the first round of Paycheck Protection Program (PPP) loans. That’s why when the Treasury Department reopened the portal on Monday, it granted access exclusively to Community Financial Institutions (CFIs). CFIs, which…
Loans: a Bank’s Best Asset, Until They’re Not
Although business models vary, the optimal loan to deposit ratio (LTD) at a bank is generally considered to be between 80% to 90%. At this level, the bank is lending sufficiently for its size, but not so much that its…
We Made it Through 2020, What’s Next?
As we say good-bye (and good riddance) to 2020 and look forward with hope for a brighter and healthier 2021, we remember 2020 as a year of loss. We’ve lost a great number of lives, jobs, and freedoms in the…