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“Instead of seeing a pool of mortgages – thousands and thousands of them going into a hypothetical box and cutting them up – you see the actual application and the project and the people who are spending the money,” he said, with an enthusiastic smile.
JPMorgan Chase & Co. has reportedly firmed plans to eliminate 17,000 positions in its community banking and mortgage units through 2014.
In a new data-driven study on the community banking industry, the FDIC has formed a new universal definition of a community bank.