Utah Small Business Loan – Utah BBQ http://utahbbq.org/ Tue, 28 Jun 2022 11:22:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://utahbbq.org/wp-content/uploads/2021/04/cropped-ICON-32x32.png Utah Small Business Loan – Utah BBQ http://utahbbq.org/ 32 32 New PayPal Cashback Business Credit Card Launched for US Small Businesses https://utahbbq.org/new-paypal-cashback-business-credit-card-launched-for-us-small-businesses/ Tue, 28 Jun 2022 11:22:26 +0000 https://utahbbq.org/new-paypal-cashback-business-credit-card-launched-for-us-small-businesses/

The new PayPal Business Cashback Mastercard ® is one of the industry’s leading cash back business credit cards with no annual fee and 2% cash back on all purchases with no cash back limit that can be earned – helping small business owners be rewarded when they make professional purchases.

PayPal Holdings Inc. (NASDAQ: PYPL) today announced that it is expanding its suite of credit offerings to include a new business credit card to better meet the day-to-day financing needs of small business owners. The PayPal Business Cashback Mastercard, issued by WebBank and powered by the Mastercard network, is the first business credit card offered through PayPal. The card has no annual fee and rewards cardholders with 2% cash back on all purchases with no rewards earning limit or expiration, making it one of the most popular cash back rewards. higher available.

The PayPal Business Cashback Mastercard provides businesses with an easy way to pay for day-to-day business expenses and those that may arise unexpectedly, while earning cash back on all purchases. Approved businesses get immediate access to their assigned credit limit via a virtual card that’s automatically integrated into the business’ PayPal account and is immediately available as a payment method when merchants pay with PayPal. Account and spending details are easily accessible through the cardholder’s PayPal Business account.

Small businesses need a range of tools to finance their day-to-day business expenses in a flexible way. According to the 2022 Small Business Credit Survey conducted by the Federal Reserve Banks, credit cards were the second most common form of financing sought by small businesses. 1 The PayPal Business Cashback Mastercard offers small business owners the opportunity to qualify for a business credit card.

“As small business owners continue to recover from the challenges of the past two years, it’s more important than ever to have multiple financing options to meet their capital needs,” said Bernardo Martinez , Vice President of Global Merchant Lending, PayPal. “The PayPal Business Cashback Mastercard gives merchants greater value, more choice and the added flexibility they need to manage their business finances, delivering one of the best values ​​available on business credit cards with no annual fee today. “This new solution continues PayPal’s commitment to supporting small businesses and providing options to help manage the day-to-day costs of running their business.”

The PayPal Business Cashback Mastercard was developed in collaboration with Austin -based Concerto card company , WebBank and MasterCard to provide PayPal merchants with access to a high-quality, high-value credit card for small businesses. Cardholder benefits include:

  • 2% cash back on all purchases with no earned cash back limit or category restrictions
  • No annual fee
  • No foreign transaction fees
  • Competitive APR for purchases ranging from 13.99% to 29.99%
  • Virtual card that can be used immediately upon approval when merchants checkout with PayPal, in addition to a physical contactless card
  • Free employee cards with separate account numbers
  • Enhanced Mastercard benefits, including an extended 2-year warranty on purchases, cell phone protection and access to discounts through Easy Savings™ and Mastercard’s digital merchant offers, among other features
  • Advanced security features including Mastercard Identity Theft Protection ™ and Zero Liability plus 24/7/365 global emergency services
  • Consolidated billing to eliminate expense reports and reimbursements
  • Integration into PayPal’s merchant platform to access transactions, balances, available credit and rewards
  • Available for use at over 90 million outlets worldwide – anywhere Mastercard is accepted

“Small businesses are a force multiplier for our economy, and ensuring they have access to digital tools and solutions that support their needs and growth is critical,” said Sherri Haymond , Executive Vice President, Digital Partnerships, Mastercard. “The PayPal Business Cashback Mastercard is tailor-made to help small business owners navigate their daily operations. Combining dynamic and flexible payment technology with attractive rewards and resources, we are proud to partner with PayPal to offer value and access to small business owners in the United States.”

“PayPal’s mission to democratize financial services for everyone – businesses and consumers – aligns closely with Concerto’s corporate strategy,” said Dan Duncan , CEO and co-founder of Concerto Card Company. “Our goal is to provide the tools necessary for business success – and the PayPal Business Cashback Mastercard helps both companies advance their respective missions.”

“Providing small businesses with credit to manage their business needs is a key area of ​​WebBank,” said Jason Lloyd , President and CEO, WebBank. “We appreciate the opportunity to work with PayPal, Mastercard and Concerto Card Company to make the PayPal Cashback Business Mastercard available to small businesses.”

PayPal continues to support small businesses by providing more ways to accept payments, grow their business and access financing solutions, including PayPal Working Capital, PayPal Business Loans and now the PayPal Cashback Business Mastercard.

You can find more information about the PayPal business credit card at http://paypal.com/businesscreditcard

  1. Based on 2022 Small Business Credit Survey conducted by the Federal Reserve Banks, from September to November 2021, involving 11,000 small American businesses (less than 500 heads).

PayPal Business Cashback Mastercard ® is issued by WebBank under license from Mastercard International and operated by Concerto Card Company. Mastercard is a registered trademark and the circle design is a trademark of Mastercard International Incorporated.
The lender for PayPal Business Loan and PayPal Working Capital is WebBank, Member FDIC.

About PayPal

PayPal has remained at the forefront of the digital payment revolution for over 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform enables more than 400 million consumers and merchants in more than 200 markets to join and thrive in the Mondial economy. For more information, visit paypal.com .

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside our company. With connections in more than 210 countries and territories, we are building a sustainable world that unlocks invaluable opportunity for all.


About Concerto

Concerto Card Company is a next-generation technology company focused on building better credit card programs for innovative brands. The company combines creativity, technology and analytics to deliver programs designed to excite customers. The management team has decades of experience building and managing some of the nation’s largest credit card programs. Concerto is based on Austin, TX . Learn more about www.concertocard.com .

About Web Bank

WebBank is a Utah chartered industrial bank headquartered in Salt Lake City, Utah . Since its inception in 1997, WebBank has originated and funded over $150 billion in consumer and commercial credit products. As ” The bank behind the brand ® “, WebBank is a national issuer of consumer and small business credit products through strategic partner platforms (brands), which include retailers, manufacturers, finance companies, software as a service (SaaS) and financial technology (FinTech) companies The Bank is a leading player in the digital lending space, driving innovation in financial products through integrated finance with strategic partner platforms WebBank is committed to a full range of banking activities, including consumer and commercial loan products, revolving lines of credit, credit cards, private label cards issuing, self-refinancing and more.The Bank provides capital under the form of asset-backed loans and other credit facilities to strategic partner platforms, credit funds and other lenders, with the ac cent on specialized financial assets. The Bank is also a leading provider of commercial insurance premium financing products through its wholly owned subsidiary National Partners. For more information, please visit www.webbank.com .

Media Contacts
Nicole Andreas

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SOURCE PayPal Holdings, Inc.

FinWise Bancorp Announces Appointment of Simon Darchis as Vice President, Head of Specialty Lending https://utahbbq.org/finwise-bancorp-announces-appointment-of-simon-darchis-as-vice-president-head-of-specialty-lending/ Wed, 22 Jun 2022 20:26:00 +0000 https://utahbbq.org/finwise-bancorp-announces-appointment-of-simon-darchis-as-vice-president-head-of-specialty-lending/

FinWise Bank

MURRAY, Utah, June 22, 2022 (GLOBE NEWSWIRE) — FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), the parent company of FinWise Bank, today announced the appointment of Simon Darchis as Vice-President, Director of Specialized Lending. Mr. Darchis will replace David Tilis with immediate effect. Mr. Tilis has decided to leave the Company, but has agreed to stay on as a consultant for a period of one year to facilitate a smooth transition.

Mr. Darchis has been with FinWise for over four years and has been instrumental in building and managing the company’s strategic lending program.

“Simon has worked closely with David and is a strong operator and experienced business leader which, combined with our deep specialist finance team in place, positions us for a smooth transition,” said Kent Landvatter, Director general.

“David is an integral part of our team and we thank him for his efforts,” continued Mr. Landvatter. “We have deep appreciation and high regard for his guidance and leadership over the past six years and wish him the best in his future endeavours.”

About FinWise Bancorp

FinWise Bancorp is a Utah bank holding company headquartered in Murray, Utah. FinWise operates through its wholly owned subsidiary, FinWise Bank, a non-member chartered bank in the state of Utah. FinWise currently operates a full-service banking site in Sandy, Utah and a loan origination office in Rockville Center, New York. FinWise is a national lender and accepts consumer and small business deposits. Learn more about www.finwisebank.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current views regarding, among other things, future events and its financial performance. These statements are often, but not always, made using words or phrases such as “may”, “could”, “should”, “could”, “predict”, “potential”, “believe”, “probably will”. result”, “expect”, “continue”, “will”, “anticipate”, “seek”, “estimate”, “intend”, “plan”, “project”, “projection”, “expect”, “budget”, “goal”, “target”, “would”, “aim” and “outlook” or the negative version of these words or other comparable words or expressions of a future or forward-looking nature. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about the company’s industry and management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond the company’s control. . The inclusion of these forward-looking statements should not be taken as a representation by the Company or any other person that such expectations, estimates and projections will be realized. Accordingly, the Company cautions you that these forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable as of the date they are made, actual results may differ materially from the results expressed or implied by the forward-looking statements.

There are or will be important factors that could cause the actual results of the Company to differ materially from those indicated in these forward-looking statements, including, but not limited to, the following: (a) the dependence of the Company vis-à-vis its management team and changes in the composition of management; (b) the effects of the performance of the Company’s employees and consultants on the Company’s business, prospects, results of operations and condition; (c) the Company’s ability to maintain and develop its relationships with its Strategic Program service providers; (d) the Company’s ability to attract additional merchants and to retain and grow its existing business relationships; and (e) other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K for the fiscal year ended. December 31, 2021 and subsequent reports on Form 10-Q and Form 8-K.

The foregoing factors should not be construed as exhaustive. Should one or more events related to these or other risks or uncertainties materialize, or should the Company’s underlying assumptions prove incorrect, actual results may differ materially from its forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. Any forward-looking statement speaks only as of the date of this release, and the Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. . New risks and uncertainties may arise from time to time, and it is not possible for the Company to predict their occurrence. Furthermore, the Company cannot assess the impact of each risk and uncertainty on its business or the extent to which any one risk or uncertainty, or a combination of risks and uncertainties, may cause actual results to differ materially. of those contained in the forward-looking statements. .


How to get a business loan in 6 steps https://utahbbq.org/how-to-get-a-business-loan-in-6-steps/ Wed, 22 Jun 2022 07:00:00 +0000 https://utahbbq.org/how-to-get-a-business-loan-in-6-steps/
Getting a business loan doesn’t have to be a painful process – if you do a little homework. You can increase your chances of approval by understanding your business qualifications and then finding the best small business loan that meets your needs.

Here’s how to get a business loan in six simple steps.

We’ll start with a short questionnaire to better understand your unique business needs.

Once we discover your personalized matches, our team will consult with you on the process to follow.

1. Decide what type of loan you need to fund your business

If you want to finance a major purchase or business expansion: Traditional term loans are lump sums that you repay over time with interest and often have high borrowing limits — SBA loans can be up to $5.5 million, for example. Many lenders also offer specific products to meet the needs of a growing business, such as loans for the purchase of equipment or vehicles.

If you need funds for your living expenses: Business lines of credit are a flexible type of financing that lets you access the financing you need to cover expenses like payroll or unexpected repairs, providing a helpful safety net.
If you are looking to fund a startup: It may be harder for entrepreneurs to get a traditional business loan, but business credit cards and personal business loans can be good options if you haven’t been in business long enough to qualify for a loan. line of credit or a term loan.

2. Determine if you qualify for a business loan

You can get a business loan from a number of places, including banks, online lenders, and microlenders. Answer these questions to help you determine which type of lender you meet the eligibility criteria to qualify for a small business loan:

What is your credit rating?

You can get your credit report for free from each of the three major credit bureaus: Equifax, Experian and TransUnion. You can also get your credit score for free from several credit card issuers and personal finance websites, including NerdWallet.

Banks prefer to offer their low-rate business loans to borrowers with credit scores between good and excellent, or 690 and above.

How long have you been in the industry?

You must have been in business for at least one year to qualify for most online small business loans and at least two years to qualify for most bank loans.

Are you making enough money?

Many lenders require a minimum annual income, which can range from $50,000 to $250,000, for business loans and lines of credit.

If your income is not high enough to qualify for these loan products, consider turning to business credit cards or SBA microloans.

3. Determine what payments you can afford

Take a close look at your business finances, especially cash flow, and assess how much you can afford to repay each month.

Your total income should be at least 1.25 times your total expenses, including your new reimbursement amount, says Suzanne Darden, finance specialist at the Alabama Small Business Development Center.

For example, let’s say your business income is $10,000 per month. That’s 1.25 times $8,000 in expenses. If you already pay $7,000 in rent, payroll taxes, and other fees, you should be able to afford a monthly payment of $1,000.

Some online lenders require daily or weekly repayments, so be sure to take this into account – you’ll need enough cash to make payments when they’re due.

Estimate the cost of a business loan

Calculate estimated payments, then see if you qualify for a business loan

Get personalized small business loan rates to compare

with Fundera by NerdWallet

4. Decide if and how you want to secure the loan

Business loans can be secured or unsecured. A secured loan requires business collateral, such as property or equipment, which the lender can seize if you don’t repay the loan. Placing collateral is risky, but it can increase the amount lenders allow you to borrow and earn you a lower interest rate.
Lenders may also require a personal guarantee even for unsecured loans. That means you’ll personally pay off the loan if your business can’t, and it can leave a lender going after things like your house or car for nonpayment.

5. Compare Small Business Lenders

You’ll usually want to get the business loan that gives you the best terms. But other factors, like funding speed, may matter to your business, and different sources of funding may be better in some cases than others.

When to get a business loan from online lenders:

Online lenders typically offer small business loans and lines of credit of up to $500,000. The average annual percentage rate on these loans ranges from 6% to 99%, depending on the lender, the type and size of the loan, the length of the repayment term, the borrower’s credit history, and whether collateral is required.

These lenders rarely have APRs as low as those offered by traditional banks, but approval rates are higher and funding is faster than with banks – as fast as same day in some cases.

When to get a business loan from banks:

Through banks, the US Small Business Administration guarantees general small business loans with its 7(a) loan program, microloans, and disaster loans. The SBA also has a 504 loan program that helps finance the purchase of land, buildings, or equipment with long-term, fixed-rate financing.
It can be difficult to get a loan from a bank for a small business if you have been in business for less than two years or if you do not have a constant income. Add to that bad personal credit or no collateral, and many small business owners find themselves empty-handed.

Getting financing from a bank tends to take longer than getting a loan from an online lender, but banks tend to offer the lowest APRs.

When to get a business loan from microlenders:

Microlenders are nonprofit organizations that typically provide short-term loans of less than $50,000. The application may require a detailed business plan, financial statements and a description of how the loan will be used, making it a lengthy process.

Moreover, the size of the loans is, by definition, “micro”. But these loans can work well for small businesses or startups that can’t qualify for traditional bank loans due to a limited operating history, poor personal credit, or lack of collateral.

6. Apply for a business loan

Start by looking at two or three similar options to compare their loan terms and annual percentage rate, or APR. Since the APR includes all loan fees in addition to the interest rate, it is the best way to understand the total cost of a business loan.

Of the loans you qualify for, choose the one with the lowest APR and the best terms for you – as long as you are able to manage regular loan payments – and gather your business loan application documents. These may include:

Note that credit reporting agencies do not differentiate between business and personal applications. If you use your personal credit history, your credit score could be affected when applying for a small business loan, which is why it’s important to do your best.

Frequently Asked Questions

GBank Financial Holdings Inc. – GuruFocus.com https://utahbbq.org/gbank-financial-holdings-inc-gurufocus-com/ Sun, 19 Jun 2022 03:40:22 +0000 https://utahbbq.org/gbank-financial-holdings-inc-gurufocus-com/

LA VEGAS, May 9, 2022 /PRNewswire/ — GBank Financial Holdings Inc. (“GBank” or the “Company”) (OTCQX: GBFH), the parent company of Bank of George (the “Bank”), one of the top 100 U.S. SBA 7(a) lenders, today announced that the Bank’s SBA division has surpassed $1 billion cumulative total SBA 7(a) and USDA loan issuance.

The Bank’s SBA Division granted its first SBA 7(a) loan in June 2015quickly positioning itself as a trusted partner for small business owners.

Bank of George offers SBA and United States Department of Agriculture (USDA) loans under the National Government Guaranteed Loan Programs to select industries and customers, both in-market and out-of-market. The Bank is recognized as one of the nation’s most active SBA lenders and is known for its demanding underwriting and exceptional service. The Bank is ranked 19th in the country by the US Small Business Administration for SBA 7(a) dollar lending volume via September 30, 2021.

The Bank has been a leading national SBA 7(a) hotel and motel lender in each of the past three years, while maintaining strong national relationships and establishing itself as a government guaranteed lender leading within the industry.

“The Bank’s SBA division team members are some of the most skilled and hardworking talent in the industry, and we could not have achieved this historic achievement without the efforts of each of them.” “, said Nancy M. DeCouEVP/SBA Director.

“In 2015, the Bank decided to establish an SBA 7(a) loan program to continue providing resources to small American businesses.” said T ryan sullivan, Chairman and CEO. “Now lending in 40 states, the Bank’s SBA capability has blossomed under Ms. DeCou’s leadership and will continue to grow as the Bank recruits top lenders in attractive markets.”

“On behalf of our Board of Directors, I would like to thank each of our team members for their contributions to this important milestone in the history of Bank of George and GBank Financial Holdings Inc.,” said Edward M. NigroExecutive Chairman.

The company

GBank Financial Holdings Inc. (“GBank” or the “Company”) (GBFH), a bank holding company with approximately $626 million of assets to March 31, 2022operates through its wholly owned subsidiary, Bank of George (named in honor of george washington). Founded in 2007, the Bank operates two full-service commercial branches in Las Vegas, Nevadawith core lending activities focused on engaging clients in Nevada, California, Utah, and Arizona. Bank of George has key businesses in three major divisions: SBA Lending, Gaming FinTech and Commercial Lending. The Bank operates nationally through its SBA lending business (ranked 19th nationally by the U.S. Small Business Administration for SBA 7(a) dollar lending volume through September 30, 2021) and its partnership. Launched in 2016, the Bank’s Gaming FinTech division, through its contract with BankCard Services, LLC (“BCS“) reinforces the Play+ solution of Sightline Payments (Sightline Payments) for transparent and secure payment and gaming that enable cashless mobile commerce solutions for gaming, lottery and sports betting ecosystems – positioning GBank as a financial leader in this new world of payments. The Bank also provides general commercial banking services with an emphasis on the needs of small and medium enterprises, high net worth individuals, professionals and investors. The Bank offers a full suite of consumer deposit products and is focused on providing a superior level of service. Bank of George has been recognized annually for each of the past five years by S&P Global Market Intelligence as one of America’s Top 100 Community Banks under $3 billion in assets. For more information on Bank of George, please visit its website at https://www.bankofgeorge.com. GBank’s common stock is listed on the US OTCQX exchange under the symbol GBFH.

Forward-looking statements

GBank has made forward-looking statements in this press release. These forward-looking statements are subject to risks and uncertainties. Forward-looking statements include information regarding the possible or assumed future results of operations of the Company and its subsidiaries. Where words such as “believes”, “expects”, “anticipates” or similar expressions appear in this press release, the Company is making forward-looking statements. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause these results to differ materially from those expressed in the forward-looking statements contained in this press release. These factors include, but are not limited to: the recent and ongoing coronavirus (COVID-19) pandemic which poses risks and could adversely affect the Company’s business and operating results in the coming quarters, the risk conditions, changes in market interest rates, failure to achieve merger synergies, competition, economic slowdown or recession, and government regulation and supervision. The Company assumes no obligation to update or revise any forward-looking statements.

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SOURCEGBank Financial Holdings Inc.

NJ food banks face serious challenges as summer approaches https://utahbbq.org/nj-food-banks-face-serious-challenges-as-summer-approaches/ Tue, 14 Jun 2022 15:14:40 +0000 https://utahbbq.org/nj-food-banks-face-serious-challenges-as-summer-approaches/

As we head into the summer months, approximately 800,000 New Jerseyans are food insecure, and food banks and pantries across the Garden State are struggling to keep up with the growing demand.

Karen Leies, vice president of resource development at the Community Food Bank of New Jersey, said that with a fuel budget that has nearly doubled “and rising inflation prices on the cost of the food we buy , and ongoing supply chain issues all affect our ability to get food to those who need it.”

She noted that food and cash donations tend to dwindle when the weather warms up, and this year was no exception, making a difficult situation even more difficult.

“Summer is specifically the time of year when we see an increased need for food aid, when children are out of school they lose access to school meals that they and their families rely on.”

A difficult time

Triada Stampas, CEO and president of Fulfill, the food bank serving Monmouth and Ocean counties, said things are very difficult right now for her organization.

“We are facing unprecedented inflation in recent history, we are seeing the cost of fuel and the cost of food being just a double whammy,” she said.

Fill the truck

Photo courtesy of Fulfill

She pointed out that many of the assistance programs that started at the start of the pandemic have now ended, which has led to an increase in demand for food aid.

“You can’t skimp on food, you can’t skimp on paying your landlord rent, you can’t skimp on paying the utility company to keep the lights on,” she said. .

Supply chain issues persist

Leies pointed out that “food donations are down due to supply chain issues, so we’re buying more at a higher price and still running out of stock.

Stampas said there has also been a drop in volunteers and donations at Fulfill “from retailers, individuals due to both food costs and ongoing supply chain issues.”

She said it’s important to remember that “hunger is a year-round problem, and the need that exists in the summer is not matched by the donor interests that we see.”

A drop in donations

Leies said that during holidays and times of crisis, such as at the start of the pandemic, people are more inclined to help food organizations, but not at other times “and so it’s a little scary, it’s is a little worrying, the amount of need that we’re going to see increase as we head into summer, it’s going to continue to grow.

Stampas noted that food costs at the wholesale level are 33% higher this year compared to last year.

To learn more about Fulfill, you can visit fillnj.org

You can get more information about the Community Food Bank of New Jersey at cfbnj.org

David Matthau is a reporter for New Jersey 101.5. You can reach him at david.matthau@townsquaremedia.com

Click here to contact an editor about a comment or correction for this story.

NJ Beach Tag Guide for Summer 2022

We are coming another summer to the Jersey Shore! Before you lose yourself in the excitement of sunny days on the sand, we calculate how much seasonal/weekly/daily beach beacons will cost you, and pre-season deals you can still take advantage of!

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Contrast Banner (NASDAQ:BANR) and Allegiance Bancshares (NASDAQ:ABTX) https://utahbbq.org/contrast-banner-nasdaqbanr-and-allegiance-bancshares-nasdaqabtx/ Mon, 13 Jun 2022 02:23:01 +0000 https://utahbbq.org/contrast-banner-nasdaqbanr-and-allegiance-bancshares-nasdaqabtx/

Banner (NASDAQ:BANRGet a rating) and Allegiance Bancshares (NASDAQ: ABTXGet a rating) are both small cap finance companies, but which is the better company? We’ll compare the two companies based on valuation strength, analyst recommendations, earnings, profitability, institutional ownership, dividends and risk.


Banner pays an annual dividend of $1.76 per share and has a dividend yield of 3.2%. Allegiance Bancshares pays an annual dividend of $0.56 per share and has a dividend yield of 1.4%. Banner pays 30.8% of its profits as a dividend. Allegiance Bancshares pays 13.9% of its profits as a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings over the next few years. Banner increased its dividend for 1 consecutive year and Allegiance Bancshares increased its dividend for 2 consecutive years.

Institutional and Insider Ownership

85.0% of Banner’s shares are held by institutional investors. By comparison, 54.6% of Allegiance Bancshares’ shares are held by institutional investors. 1.5% of Banner shares are held by insiders. By comparison, 5.8% of Allegiance Bancshares shares are held by insiders. Strong institutional ownership indicates that endowments, large fund managers, and hedge funds believe a stock is poised for long-term growth.

Volatility and risk

Banner has a beta of 1.03, indicating its stock price is 3% more volatile than the S&P 500. In comparison, Allegiance Bancshares has a beta of 0.92, indicating its stock price is 8% less volatile than the S&P 500.


This table compares the net margins, return on equity and return on assets of Banner and Allegiance Bancshares.

Net margins Return on equity return on assets
Banner 32.46% 12.47% 1.24%
Allegiance Banking Stocks 31.43% 10.42% 1.19%

Benefits and evaluation

This table compares Banner and Allegiance Bancshares revenue, earnings per share and valuation.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Banner $616.92 million 3.05 $201.05 million $5.71 9.59
Allegiance Banking Stocks $261.75 million 3.01 $81.55 million $4.02 9.63

Banner has higher revenue and profit than Allegiance Bancshares. Banner trades at a lower price-to-earnings ratio than Allegiance Bancshares, indicating that it is currently the more affordable of the two stocks.

Analyst Recommendations

This is a summary of the current recommendations and price targets for Banner and Allegiance Banc stocks, as provided by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Banner 0 2 0 1 2.67
Allegiance Banking Stocks 0 0 0 0 N / A

Banner currently has a consensus price target of $65.33, indicating a potential upside of 19.26%. Given Banner’s likely higher upside, analysts clearly believe Banner is more favorable than Allegiance Bancshares.


Banner beats Allegiance Bancshares on 12 out of 16 factors compared between the two stocks.

About the banner (Get a rating)

Banner Corporation operates as a bank holding company for Banner Bank which provides commercial banking and financial products and services to individuals, businesses and public sector entities in the United States. It accepts various deposit instruments, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts and certificates of deposit, as well as cash management services and savings plans. pension saving. The Company also offers commercial real estate loans, including real estate loans for homeowners, investment properties and multi-family residential properties; loans for construction, land and land development; residential mortgage loans; commercial business loans; agricultural loans; and consumer and other loans, such as home equity lines of credit, car, boat and recreational vehicle loans, and loans secured by deposit accounts. In addition, it is engaged in mortgage banking business through the origination and sale of one to four family and multi-family residential loans, as well as small business administration loans. Additionally, the company provides electronic and digital banking services. As of December 31, 2021, it operated 150 branches and 18 loan origination offices located in Washington, Oregon, California, Idaho and Utah. Banner Corporation was founded in 1890 and is headquartered in Walla Walla, Washington.

About Allegiance Bancshares (Get a rating)

Allegiance Bancshares, Inc. operates as a bank holding company for Allegiance Bank which provides a range of commercial banking services primarily to small and medium-sized businesses, professionals and individuals. It accepts deposit products, including checking accounts, business accounts, money market accounts, savings accounts and other term deposits; and certificates of deposit. The Company’s loan portfolio includes commercial and industrial loans; commercial real estate loans, including multi-family residential loans; loans for commercial real estate construction and land development; residential real estate loans, such as residential mortgages for 1 to 4 families; residential construction loans; and consumer and other loans. In addition, it offers ATM services, drive-thrus and deposit facilities; mobile banking; and telephone, mail and Internet banking. In addition, the company offers safe deposit boxes, debit cards, cash management and wire transfer services, night deposit services, direct deposits, cashiers checks and letters of credit. As of December 31, 2021, it operated 27 full-service banking branches, including 26 banking offices in the Houston metro area and one office in Beaumont. The company was founded in 2007 and is based in Houston, Texas.

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Pt. Mayor of Pleasant Beach, NJ offers $192,000 to Ukrainians https://utahbbq.org/pt-mayor-of-pleasant-beach-nj-offers-192000-to-ukrainians/ Fri, 10 Jun 2022 22:14:16 +0000 https://utahbbq.org/pt-mayor-of-pleasant-beach-nj-offers-192000-to-ukrainians/

POINT PLEASANT BEACH — Mayor Paul Kanitra has donated nearly $200,000 to two charities supporting Ukrainian refugees who were picked up at a concert.

Kanitra was moved by the coverage of the Russian invasion of Ukraine to pack five suitcases with supplies and head to the Polish-Ukrainian border and see what he could do to help.

“We’ve volunteered with other groups. We’ve done just about anything and everything, from preparing food, to delivering meals at the border, to shuttling refugees, to by purchasing supplies and distributing them to the refugee centre,” Kanitra said. New Jersey 101.5’s Steve Trevelise in April.

Photo provided by Mayor Paul Kanitra

Photo provided by Mayor Paul Kanitra

A Jersey Shore All-Star Fundraiser

Once back in Point Pleasant Beach, he hosted Concert For Ukraine at Jenkinson’s with an all-star lineup that included Bobby Bandiera, Eddie Testa, Jo Bonnano, Polish rock band Green Secret and Steve Forber.

The Ukrainian Dumka Choir of New York, which appeared on Saturday Night Liveopened the concert with the Ukrainian national anthem.

The gig exceeded Kanitra’s expectations and raised nearly double what he expected. He traveled to the United Nations in New York and Washington to present a check for $100,000 to World Central Kitchen and another for $92,000 to Caritas Internationalis.

“These donations will provide over a hundred thousand meals to desperately hungry Ukrainian refugees. This will help support and protect so many orphans and children,” Kanitra wrote on her Facebook page. “You have all made an incredible difference in the world and you should be so proud.”

Dan Alexander is a reporter for New Jersey 101.5. You can reach him at dan.alexander@townsquaremedia.com

Click here to contact an editor about a comment or correction for this story.

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How TikTok is negatively affecting small businesses in NJ https://utahbbq.org/how-tiktok-is-negatively-affecting-small-businesses-in-nj/ Thu, 09 Jun 2022 18:00:49 +0000 https://utahbbq.org/how-tiktok-is-negatively-affecting-small-businesses-in-nj/

TikTok is full of trend setters and it seems like several have taken their influence too far.

Sure, TikTok has enabled many people around the world and New Jersey to live on nothing but the app, but it seems to have hurt those who don’t.

I think we all realized the negatives of other social media platforms, but now it’s starting to get serious. Pop-up parties are serious.

Just a few weeks ago, several small businesses were forced to shut down after the Long Branch Pier Village turned into a TikTok rally. The party resulted in several arrests and small businesses closed to avoid violence.

Pier Village is known for being upscale, scenic, and above all, safe. Parties make it otherwise. A police car was vandalized and there was little to no peace at the last party. That’s not to say that parties shouldn’t happen anymore, but there should never be a “party” where violence happens.

As you know, this incident was not the first of its kind, because last summer there were a few similar cases nearby. Many think kids are acting this way after being locked down in quarantine for the past few years, but that’s no excuse for the destructive behavior.



Even if people try to stop this from happening, they just can’t. People have the right to gather. Social networks have the right to exist. People have the right to travel freely and, unfortunately, they cannot be prevented from traveling to New Jersey with bad intentions. As I’ve noted a million times, there are bad things that happen in life that just can’t be avoided.

But I don’t think anyone ever anticipated exactly how much TikTok could influence our lives.

via @maygauthier on Unsplash

via @maygauthier on Unsplash

An Erin Vogt article on New Jersey 101.5 talked about pop-up parties and what Long Branch is trying to do to rule them. He said the city is even considering legal action against TikTok and Instagram, for allowing such unauthorized gatherings. to share so widely.

Long Branch considering legal action after pop-up parties (Townsquare Media)

Long Branch considering legal action after pop-up parties (Townsquare Media)

Of course, that would be a futile effort. As someone once wisely said, social media is like shaking a feather pillow in the wind. Just try to pick up all those feathers.

The plan now is that the parties, if they continue, will be followed and monitored to ensure that no one, and especially no small business or resident, is afraid to go about their daily lives.

Of course, TikTok is fun. It has certain advantages. But we cannot underestimate its reach and influence. And we can’t contain it anymore either. But businesses in Pier Village and other New Jersey towns that have been subjected to this chaos are worried the next time they will have to close and/or lose business because of pop’s TikTok “ads.” -up “parts”. ”

This definitely makes us wonder how children view and interpret each medium they are exposed to.

The views expressed in the above post are those of New Jersey 101.5 talk show host Judi Franco only.

You can now listen to Dennis & Judi — On demand! Listen to New Jersey’s favorite Best Friends anytime, anywhere, and any day of the week. Download the Dennis & Judi show wherever you get podcasts, on our free app, or listen now.

Click here to contact an editor about a comment or correction for this story.

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Dennis & Judi asked their listeners what nasty nicknames they’ve heard of their towns. How many have you heard? Which would you add?

Video shows crowd fleeing deadly shooting in Philadelphia nightlife https://utahbbq.org/video-shows-crowd-fleeing-deadly-shooting-in-philadelphia-nightlife/ Mon, 06 Jun 2022 16:05:53 +0000 https://utahbbq.org/video-shows-crowd-fleeing-deadly-shooting-in-philadelphia-nightlife/

PHILADELPHIA — Surveillance video shows innocent bystanders fleeing for their lives as gunfire erupts in central Philadelphia, killing three people and injuring at least eleven others.

Officers were patrolling the South Street area around 11.30pm on Saturday when they heard multiple gunshots. Rushing to the scene, they found several people with gunshot wounds lying on the sidewalk and in the street and began to provide assistance, Police Commissioner Danielle Outlaw said.

Another responding officer saw a man on a street corner firing a handgun at a large crowd about half a block away, Outlaw said. The officer pulled his gun and fired several times, and police believe the man was punched before he dropped his handgun on the sidewalk and fled, Outlaw said.

ADDITION Filming of Philadelphia


A police statement said the dead included Gregory Jackson, 34, and Alexis Quinn, 27. The American Federation of Teachers of Philadelphia-Pennsylvania later identified the third killed as 22-year-old Kristopher Minners.

Investigators believe one of the three killed was involved in “a physical altercation” with another man, and those two began shooting at each other, both being hit by gunfire, Outlaw said.

The other two people who were killed and a number of injured, ages 17 to 69, were thought to be innocent bystanders, Outlaw said. She called it a “dark day” for the city when scores of people enjoying a beautiful evening fell victim to “horrific and unthinkable acts…at a very popular local and tourist hangout”.

“It is important that we bring justice to the victims, their families and our community,” she said.

Two handguns were recovered, including one with an extended magazine, but Chief Inspector Frank Vanore said investigators knew from evidence at the scene that a total of five guns were involved. Additionally, police are investigating several other shootings before and after, including a fatal one, to see if they could be linked.

Thomas Jefferson University Hospital spokesman Damien Woods said 10 patients came to that particular hospital; three dead, six in stable condition and one who has since been released.

Outlaw said police plan to beef up resources Sunday night in that area, as well as in the nearby Penn’s Landing area along the Delaware River that separates Pennsylvania from New Jersey.

South Street is known for its entertainment venues and nightlife with several bars, restaurants and businesses. A local business surveillance video released by WTXF-TV showed dozens of people strolling on sidewalks and in the street, then fleeing when gunfire rang out. Police were looking for CCTV footage of businesses in the area.

Mayor Jim Kenney called the shooting “beyond devastating.”

“Once again, we see lives needlessly lost and people injured in yet another horrific, brazen and despicable act of gun violence,” he said in a statement Sunday morning. “My heart is with the family, friends, loved ones of those lost or injured, and with all those affected by this terrible tragedy.

Kenney said the spike in gun violence in the city and across the country “not only makes me heartbroken, but also angry.” access to firearms.”

Eric Walsh, closing the outdoor seating area of ​​a bar along the block, told the Philadelphia Inquirer the scene was “chaos.” He said he saw a young woman collapse to the ground around the corner.

“People were coming out of the streets with blood spattered on white sneakers and scraped knees and scraped elbows,” Walsh said. “We were literally balling up towels, wetting them and handing them to people.”

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These are the best hiking spots in New Jersey

A trip to New Jersey doesn’t have to be just the beach. Our state has incredible trails, waterfalls and lakes to enjoy.

From the Pine Barrens to the Appalachian Trail to New Jersey’s hidden gems, you have plenty of options for a great hike. Hiking is a great way to spend time outdoors and enjoy nature, plus it’s a great workout.

Before you hit the trails and explore some of the suggestions from our listeners, I have a few tips on hiking etiquette from the American Hiking Society.

If you descend and encounter an uphill hiker, pull to the side and give the uphill hiker some space. An uphill hiker has the right of way unless they stop to catch their breath.

Always stay on the trail, you may see side paths, unless marked as an official trail, avoid them. Going off the trail, you risk damaging the ecosystems around the trail, the plants and wildlife that live there.

You also don’t want to disturb any wildlife you encounter, just keep your distance from the wildlife and continue hiking.

Cyclists must yield to hikers and horses. Hikers should also give in to horses, but I’m not sure how many horses you’ll encounter on New Jersey trails.

If you plan to take your dog on your hike, they must be on a leash and be sure to clean up all pet waste.

Finally, pay attention to the weather, if the trail is too muddy, it’s probably best to save your hike for another day.

I asked our listeners for their suggestions on the best hiking spots in New Jersey, check out their suggestions:

Contrast First National (NASDAQ:FXNC) and FinWise Bancorp (NASDAQ:FINW) https://utahbbq.org/contrast-first-national-nasdaqfxnc-and-finwise-bancorp-nasdaqfinw/ Sat, 04 Jun 2022 10:14:00 +0000 https://utahbbq.org/contrast-first-national-nasdaqfxnc-and-finwise-bancorp-nasdaqfinw/

First National (NASDAQ: FXNCGet a rating) and FinWise Bancorp (NASDAQ: FINWGet a rating) are both small cap finance companies, but which is the better company? We’ll compare the two companies based on the strength of their profitability, analyst recommendations, institutional ownership, risk, earnings, dividends and valuation.

Analyst Notes

This is a breakdown of recent ratings and recommendations for First National and FinWise Bancorp, provided by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
National premiere 0 1 0 0 2.00
FinWise Bancorp 0 0 2 0 3.00

First National currently has a consensus price target of $51.00, suggesting a potential upside of 148.78%. FinWise Bancorp has a consensus price target of $19.00, suggesting a potential upside of 40.85%. Given First National’s possible higher upside, analysts clearly believe that First National is more favorable than FinWise Bancorp.

Valuation and benefits

This table compares the revenue, earnings per share (EPS), and valuation of First National and FinWise Bancorp.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
National premiere $47.32 million 2.71 $10.36 million $2.02 10:15 a.m.
FinWise Bancorp $81.09 million 2.13 $31.58 million N / A N / A

FinWise Bancorp has higher revenues and profits than First National.


This table compares the net margins, return on equity and return on assets of First National and FinWise Bancorp.

Net margins Return on equity return on assets
National premiere 22.93% 10.86% 0.90%
FinWise Bancorp N / A N / A N / A

Insider and Institutional Ownership

38.0% of First National’s shares are held by institutional investors. By comparison, 26.8% of FinWise Bancorp’s shares are held by institutional investors. 15.7% of First National’s stock is held by insiders of the company. Strong institutional ownership indicates that large fund managers, endowments, and hedge funds believe a stock is poised for long-term growth.


First National beats FinWise Bancorp on 7 out of 11 factors compared between the two stocks.

National First Company Profile (Get a rating)

First National Corporation operates as a bank holding company for First Bank which provides various commercial banking services to small and medium-sized businesses, individuals, estates, local government entities, and nonprofit organizations in Virginia. The Company’s deposit products include individual checking, savings, money market and retirement accounts, as well as certificates of deposit and cash management solutions. Its lending products include construction loans, including residential, land acquisition and development loans; residential real estate loans for 1 to 4 families; and commercial real estate loans secured by commercial real estate, including multi-family residential buildings, office and retail properties, hotels, industrial buildings and religious facilities. The Company’s loan products also include commercial and industrial loans secured by business assets, such as accounts receivable, equipment and inventory; home equity loans; and secured and unsecured consumer loans, such as lines of credit, auto loans, deposit account loans, and installment and demand loans. Additionally, it provides wealth management services, including estate planning, asset investment management, trustee under agreement, trustee under will and estate settlement. In addition, the company offers title insurance and investment services; and owns other real estate sites and offices, as well as internet and mobile banking, remote deposit capture and other traditional banking services. It serves its customers through 20 bank branches, a loan origination office and a customer service center, as well as a network of ATMs. The company was founded in 1907 and is headquartered in Strasbourg, Virginia.

FinWise Bancorp Company Profile (Get a rating)

FinWise Bancorp operates as a bank holding company for FinWise Bank which provides various retail and corporate banking products and services. It offers various deposit products, including interest-bearing and interest-free, NOW, money market, checking and savings accounts, as well as time deposits and certificates of deposit. The Company also offers small business administration services, residential and commercial real estate loans, consumer loans and non-real estate commercial loans. Additionally, it offers debit cards, remote deposit capture, online banking, mobile banking, and direct deposit services; and cash and cash management services. The company operates a full-service banking location in Sandy, Utah; and a loan production office in Rockville Center, New York. FinWise Bancorp was founded in 1999 and is headquartered in Murray, Utah.

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