OMB Bank’s Post

Today in #TransformingBusiness2023: Vince Toye is dedicated to helping “the missing middle” – the renters who fall along the median income line and often work in healthcare or education. As Head of Community Development Banking and Agency Lending at JPMorgan Chase & Co., Toye is a leader in affordable housing solutions and helps renters journey into homebuying. Learn more about this transformer: https://bit.ly/3RDq9pm

My first week at Movement Bank and here is what I have learned: 1. They really make you feel welcome your first day and week! 2. This is a true community bank 3. All profits go back to the community-this is MIND BLOWING 4. Top of the house down believes in the purpose 5. Did I mention ALL profits go back to serve the communities? Check out Movement Foundation to learn the how and more importantly the WHY This is a different kind of bank! #communitybanking #communitybanker #serveyourcommunity #businessbanking #communitybanker #movementbank #movementfoundation

🌟 Excited to share a compelling case study highlighting the transformative impact of Woveo's community wallet! 💼💳 Inspired by the community-centric models of Community Banks and Credit Unions, we're on a mission to transform traditional community banking into community wallets to enhance access to low-cost credit and financial security. Take the inspiring example of the Whole Woman Network Cooperative - a dynamic collective of women-led businesses. Through cooperative savings and credit, they've mobilized $331,500 with 129 members, offering interest-free loans ranging from $500 to $5,000. In contrast, seeking traditional loans would have subjected these individuals to hefty interest fees at an average APR of 25%. This translates to $687 in interest per member, accumulating to an astonishing $82,875 for the entire community. This significant difference underscores the critical need for alternative financial solutions that empower individuals and communities, enabling access to credit without the burden of exorbitant fees. If you are a community, cooperative, or corporation interested in exploring how our cooperative savings and credit model can benefit you, please reach out here or at jonah@woveo.com Let's redefine the future of finance, one community at a time! 💪💰🌐 #CommunityWallets #AlternativeFinance #Woveo

Behind every storefront are the lives and stories of our neighbors, friends, and family. Here's a quick reminder to get out there and support them when you can! #supportlocal #communitybank #localbank

Unexpected affirmation comes in different forms. My Catholic faith teaches me to appreciate and welcome unexpected affirmations as blessings. TechRepublic's recognition of Truist as overall the best bank for Not for Profits is a blessing and an affirmation that I am working for a corporation whose values match my personal values. What more can I ask for? #Vivatruist #truistcares #unstoppable Check out the article here: https://lnkd.in/gGPkfXDW

Are you ready to purchase a home? We're here to help educate you on some of the basics! #communitybank #mortgagelending

Do you feel like "you're just another number" at your big bank? Customers nationwide are switching to local banks like Timberland Bank to get the customer service and support that they deserve. Community banks do more to support local non-profits and economic development in small communities than the big banks. Now is a great time to talk to a banker at Timberland Bank about making the switch. #HowCanWeHelpYou

Cheers to the BEST team in the private lending industry! 🎉 We raised our glasses to celebrate a record-setting 2023! Our team's dedication and hard work have propelled us to new heights, and we couldn't be prouder of what we've achieved together. Here's to many more successful years ahead! 🥂 #teamwork #privatemoneyloans #privatelender #privatecapital #privatemoneylender #hardmoneylender

Are you ready to purchase a home? We're here to help educate you on some of the basics! #communitybank #mortgagelending