New Report on Community Banking and Crowdfunding

CrowdFunding Beat News Wire,

CommunityLeader, Inc., a technology and service leader in the emerging crowdfunding industry and Breakaway Funding, LLC, a new crowdfunding portal platform announced the joint publication of “Community Banks: Sink or Crowdfund“— a whitepaper for community bankers on how to leverage the changing landscape in the private securities market to the benefit of Community Banks. The paper presents a framework upon which to implement a community-based crowdfunding strategy.

“Community Banks have a real opportunity to seize the principals of crowdfunding, the deregulation of the JOBs Act, and leverage new technologies to gain a competitive advantage in the market,” said co-author Joseph Barisonzi, co-founder and CEO of CommunityLeader. “This third in the whitepaper series provides a road map and critical considerations for a Community Bank to take action.”

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“What we’ve written in the paper is that savvy financial service executives are beginning to grasp that there is much less a risk in crowdfunding than most bankers expect. The smart ones realize that community banks are at a crossroads,” said co-author Kim Kaselionis. “Industry statistics for community banks in the U.S. are pretty stark, their numbers have declined by 50% in the past six years.” Ms. Kaselionis is the former CEO/Chairman of Circle Bank, where she led the Northern California Community Bank to 53 consecutive profitable quarters and developed the brand from a single-branch bank to one with six locations, managing more than $300 million in total assets. She launched Breakaway Funding (http://breakawayfunding.com/) to support community banks in leveraging both existing and new securities regulations associated with the opportunities made possible through crowdfunding.

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CommunityLeader is the premier provider of compliant platform solutions for the online solicitation, sale and support of private equity and debt securities. CommunityLeader’s integrated white-labeled technology and services platform is used by many of the leading crowdfunding sites in the United States. “Community Banks: Renewed Purpose and Survival through Crowdfunding” is the third of a three part publication series directed at community banks. Part 1 — “Community Banks: Renewed Purpose and Survival through Crowdfunding” provided community bankers with the framework to build a case for immediate implementation of a crowdfunding strategy. Part 2 — “Crowdfund 101 for Community Bankers” presented an introduction to crowdfunding and its emergence as a key vehicle in the funding industry including the definition of crowdfunding, a historical overview, current and predicted market trends, and a review of the basic concepts relevant to community banking. This third and final part presents a decisive argument for community banks to engage in crowdfunding immediately.

For information on how to download a copy of “Community Banks: Sink or Crowdfund” and other CommunityLeader whitepapers, http://learn.communityleader.com/whitepapers.

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