Calvin Navatto

Territorial Bancorp Shareholders Approve Merger with Hope Bancorp Learn more & get our take 👇 https://lnkd.in/gWxhfuDq "We expect our combination with Bank of Hope to strengthen Territorial for the long term, providing many advantages for our customers and employees as we become part of a larger organization with greater resources, enhanced technology platforms, and an expanded array of banking products and services." — Allan S. Kitagawa, Chairman, CEO, and President at Territorial Bancorp #SoFNews

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Regions Bank and BILL Launch CashFlowIQ Learn more & get our take 👇 https://lnkd.in/dNApw_cr “Businesses are looking for banks that provide more than financing; they want practical solutions to better manage their cash flow. That’s what we’re delivering. Regions CashFlowIQ helps clients digitally transform, automate, and consolidate their payment processes. This results in smoother business operations.” — Bryan Ford, Head of Treasury Management at Regions Bank “Businesses need flexible and efficient ways to manage their finances and to enable their long-term success. They rely on trusted providers to help them manage and automate payments quickly and securely. With BILL’s payments engine, large network, and ongoing innovation in helping businesses modernize and automate their financial operations, we are excited to work with Regions Bank to power a new digital solution for their business clients.” — Irana Wasti, Chief Product Officer at BILL #banking #bank #SoFNews

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🎙️ In the latest Business Breakthrough | NY, banking expert Scott Horowitz and host Matthew Lostaglia discuss access to capital for small businesses. Learn about building relationships with banks and various lending options, including SBA loans, business credit cards, and equipment leases. Scott also covers the importance of business bank accounts, understanding credit scores, and preparing solid business plans. Catch the full episode here: 🔗 https://lnkd.in/gVN7RMUG #BusinessFunding #SmallBusiness #BusinessBreakthroughNY 

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A Guide to Understanding ACH Do you ever wonder how your paycheck gets deposited directly into your bank account? 👉🏻 The ACH network, a robust system facilitating electronic bank transfers in the US. This comprehensive guide dives deep into ACH, explaining its functionalities and various transfer types including international transfers. Gain valuable insights on: ✅ What ACH is and how it operates ✅ Different ACH transfer types ✅ The mechanics of international ACH transfers ✅ Potential vulnerabilities Read the full guide in the comments ➡️ 

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Each handbook contains all the knowledge necessary for compliant ACH operations in a condensed format that is more easily referenced and digested by the Originator. It includes an overview of the ACH Network, its participants, and why it is a safe, efficient payment system. 🔗Link to purchase: https://lnkd.in/gMM_r_Jr #Payments #Publications #Origination #Handbook #ACH

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The U.S. Small Business Administration (SBA) has recognised that its previous working capital line product was ineffective for lenders. Now, the SBA is launching a new 3-year Working Capital Pilot (WCP) featuring a restructured line of credit for small businesses, offering greater flexibility than traditional term loans. The launch is set for later this year. #assetbasedlengin #assetbasedfinance #abl #smefinance #workingcapital #bcrnews

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To the likely surprise of providers of buy now, pay later (BNPL) financing, the #CFPB recently issued an interpretative rule stating that BNPL products are actually "credit cards" under the Truth in Lending Act and BNPL providers are "card issuers" and therefore "creditors" under, and subject to, Regulation Z. Scott Pearson, Bryan Schneider and Eric Knight explain the significance here:

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👏 A great article in Commercial Broker from NACFB about how CDFI's are vital when it comes to business finance solutions for SME's in the UK.

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The banking industry continues to see a record number of credit union-bank mergers, with 2024 marking the highest level since 2022. The recent ESL Federal Credit Union deal ties the record for such transactions, driven by small banks seeking to consolidate due to increasing regulatory and operational pressures. Heitmeyer Consulting specializes in Merger and Acquistion support, with expertise in areas such as: -M&A Planning -Legal Day 1 -Conversion -Post Conversion Support -Playbook Management Check out a brief case study in the comments and reach out today to stay on top of industry trends. https://lnkd.in/eJYkHH8B #MergersAndAcquisitions #BankingTrends #CreditUnions #FinancialServices #BankingIndustry #Consolidation

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FOR IMMEDIATE RELEASE   Servicing Solutions selected as Primary Servicer for Credit Card Portfolio    NEW YORK, November 21, 2024 – Servicing Solutions, LLC, a leading account servicing and asset management company, announced it is performing the primary servicing role on an approximately $150MM credit card portfolio. InterVest capital partners chose Servicing Solutions to leverage our technology-driven servicing platform and deep expertise in account servicing and operations. By selecting Servicing Solutions, InterVest expects to optimize the portfolio’s performance and enhance the customer experience for cardholders. "We're excited to partner with Servicing Solutions, whose proven track record in account servicing will be instrumental in maximizing the performance of the portfolio. Servicing Solutions will manage all aspects of servicing for the portfolio, including customer service, payment processing, collections, and reporting” said Ari Rosenberg, Managing Director at InterVest Capital Partners.   "We're thrilled to be selected as the servicer for this important portfolio and it completes our repertoire of primary and back-up capabilities for credit card assets" said Del Meeks, CEO of Servicing Solutions. "Our team's expertise in operations, combined with our commitment to exceptional customer service, positions us well to support our clients in achieving their strategic objectives”. Servicing Solutions is a leading account servicing and asset management company, providing comprehensive servicing solutions for various types of consumer and commercial credit products. The company leverages cutting-edge technology and industry expertise to deliver superior results for its clients. Servicing Solutions acts as primary or back-up servicer on assets across multiple asset classes including Credit Cards, Auto loans, Powersport, Marine, RV, Small Business, MCA and Unsecured Consumer loans. About InterVest Capital Partners InterVest Capital Partners is a leading global alternative investment firm specializing in asset-based lending, leasing and other structured finance verticals. Since 1999, the InterVest management team has established numerous successful investment vehicles with aggregate committed capital exceeding $19 billion (USD). About Servicing Solutions Servicing Solutions is a leading account servicing and asset management company, providing comprehensive servicing solutions for various types of consumer and commercial credit products. The company leverages cutting-edge technology and industry expertise to deliver superior results for its clients. https://lnkd.in/gAYUE75v

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💻 Happening today! Join industry leaders, including Freddie Mac’s own Rajasekhar Penugonda, on MISMO's upcoming webinar, “Best Practices for Originating eNotes in a Purchase Market.” Register here: https://lnkd.in/e_qqwCUC

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🚨 Most U.S. banks consider loans for exporters risky, making it tough to secure funding for daily operations and supplier orders. That's why the SBA offers three financing programs to support small businesses in developing their export markets: Export Express, Export Working Capital Program, and International Trade Loan. Learn more from Colorado’s SBA Export Finance Manager, Patty Brewer! 🌍💼 #SBA #ExportFinancing #SmallBusinessSupport https://bit.ly/4etvFU9

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Ag lending partners - if you have questions on risk management, regulatory and compliance, new tools and technologies, your secondary lending partner should be your go-to resource. More than just a source of capital, secondary market partners should serve as your agriculture industry experts, partnering with you to help grow your ag loan portfolio and better serve your clients. Click the link below to read our newest article on this topic, "How to Optimize Secondary Market Partnerships," via Bank Director: https://ow.ly/lI2050S7osg

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