Citi's "Bridge" Helps Community Banks Make More Business Loans

Another interesting twist on digital lending. I'm a believer in community banks needing to have a digital lending solution in the not so distant future. We're seeing more and more of these platforms where banks bid on the deals and the platform (like BHG) makes a nice spread. In this pilot it indicates Citi is currently not charging a fee but I suspect that changes if the platform is successful.

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John Tyson
CFO/SVP
Altamaha Bank & Trust Company
Vidalia, GA
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Original Message:
Sent: 09-14-2021 10:43
From: Barb Rehm
Subject: Citi's "Bridge" Helps Community Banks Make More Business Loans

Have you heard of Bridge built by Citi? Launched in August, Bridge is a lending platform connecting small to medium-sized businesses with community and regional banks. This week's complimentary post from S&P Global Market Intelligence explains how community banks are expanding their digital reach and growing loans via this platform created by Citigroup. Bridge is currently in a pilot phase, operating in Colorado, Nebraska, and eight Southeastern states with 18 bank partners. But Citi says it plans to expand by adding new geographies and additional bank partners. The Market Intelligence story has all the other details as well as a list of the participating banks.

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Barb Rehm
Senior Managing Director
IntraFi Network
Arlington VA
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