Truist, the recent combination of SunTrust and BB&T banks, grew just $2.1 million for a total of $3.429 billion.
About 91% of Arvest Bank’s 6,553 PPP loans were for amounts of less than $150,000, according to the study.
Newly renamed ‘Innovation in Digital Banking Awards,’ this honor was created because the publication believed it need to to more broadly recognize the innovation strategies that banks have defined to advance their digital transformations.
Several other banks have announced branch closures in recent weeks, including CB Financial Services in Carmichaels, Pa.; Mercantile Bank in Grand Rapids, Mich.; and Nicolet Bankshares in Green Bay, Wis.
The new vertical will invest in high-growth companies and make loans between $3 million and $30 million in: commercial term receivables, inventory purchase orders, consumer installment loans, equipment acquisition, auto loans, and other assets.