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Alamosa News | Tuesday, November 30, 2021

Kent Curtis, President & CEO of First Southwest Bank, with six locations serving southern Colorado, will serve on the Colorado Bankers Association Board of Directors for a multi-year term. The Board of Directors of the Colorado Bankers Association leads the organization in its policy and industry advocacy efforts. The Colorado Bankers Association represents more than 95 percent of the 129 banks operating in Colorado, which have $190 billion in assets, 1,445 branches across the state and more than 20,000 dedicated employees. With over 25 years of successful banking experience, and proven abilities in all facets of management, motivation, team building, lending, and turn-around, Kent Curtis has held various executive officer positions as well as board memberships throughout his community banking career.

National Cooperative Bank | Monday, November 29, 2021

National Cooperative Bank (NCB), a leading financial services company dedicated to providing banking products and services to cooperatives, their members, and socially responsible organizations nationwide, announces Casey Fannon as Acting Chief Executive Officer. "With the sudden passing of Chuck Snyder, NCB's CEO of 29 years on November 6, 2021, NCB and the co-op community have suffered a major loss," stated Debra Huddleston, Chair of NCB's Board of Directors. "We are however very fortunate with the leadership strength of the bank, and I am pleased to announce that the Board of Directors has unanimously approved Casey Fannon as Acting Chief Executive Officer of NCB. The Board has great trust in Casey and his commitment to NCB in serving the co-op community nationwide." 

Carver Federal Savings Bank | Monday, November 29, 2021

Carver Federal Savings Bank ("Carver"), a certified Minority Depository Institution ("MDI"), announced today that it signed an agreement with Moody's Analytics to begin incorporating the power of its CreditLens solutions to improve customer experience and provide enhancements like the ability to apply for credit through a one-click process typically only found at larger institutions. Carver expects to fully roll out the CreditLens platform to its business clientele in early 2022, including a full suite of enhanced small business loan products. Carver will continue to provide its customers with the same level of personalized banking services that have distinguished the MDI since its founding in Brooklyn and Harlem in 1948. The new platform will also improve the loan application and credit-risk assessment process for retail customers in the future.

BAI | Monday, November 29, 2021

If it seems like you're hearing a lot more about environmental, social and governance (ESG) issues in banking these days, it's not your imagination—the topic has rapidly gained prominence across the industry in 2021 and will likely become even more important in years to come. The growing focus on climate risk has spurred banks (and their regulators) to more closely examine their environmental exposures—how rising sea levels and changing weather patterns might affect their existing loan portfolios. They're also reconsidering their support of companies and projects that generate substantial carbon emissions. Amalgamated Bank, based in New York, is part of a consortium of banks that disclose the greenhouse gas emissions of their loans and investments. A bank executive told Lawler that close to 25% of its loan portfolio is directed toward climate solutions, and the percentage may go up. “We have a bounty of clients looking to solve the world’s problems and looking to partner with us,” the executive says.

Bloomberg | Wednesday, November 3, 2021

In the wake of George Floyd's murder, JPMorgan Chase & Co., Citigroup Inc., Wells Fargo & Co. and other large U.S. lenders began investing hundreds of millions of dollars in Black-owned banks -- an attempt to help meet the needs of underserved borrowers as systemic racism became part of the national conversation. More than a year later, executives at the Black-owned banks say the cash infusions have allowed them to increase lending and expand their staffs, giving support to the African-American community amid pandemic-era uncertainty. Still, while the funding has been useful, the lenders say they need additional investment to shrink racial inequality in financial services and ensure their longterm survival. The number of Black-owned banks has been cut in half over the past 20 years. CDBA members Industrial Bank and Optus Bank are mentioned.