Ian Lampl, CEO of LoanStreet, and Matt Pieniazek, President of Darling Consulting Group, to Discuss Industry Observations and Strategies
NEW YORK, NY—January 25, 2021—LoanStreet Inc. is pleased to announce that it will be hosting a live discussion analyzing the challenges that credit unions and banks are facing due to unprecedented net interest margin compression (“NIM compression”) in the current economic environment. The discussion will also cover effective strategies to reduce NIM compression and its negative impact to earnings.
“Many of our clients mention NIM compression and optimizing asset allocation as the underlying reasons for undertaking participations on our platform,” Ian Lampl, CEO of LoanStreet, said. “I’m looking forward to sharing our insights from this perspective concurrently with hearing Matt Pieniazek’s observations from having advised leading depositaries on comprehensive balance sheet management strategies through multiple economic cycles”
Date: Tuesday February 9, 2021
Time: 2:00 PM to 3:00 PM Eastern Time
About LoanStreet Inc.
LoanStreet is the first fully-integrated, online platform that streamlines the process of sharing, managing, and originating loans for credit unions, banks, and direct lenders. LoanStreet was founded in 2013 with the mission to create a more efficient, transparent, and robust way of administrating loans and connecting the lending market. LoanStreet’s nationwide network of hundreds of financial institutions gives lenders the ability to profit and grow by combining technology and dedicated expertise to mitigate the constraints otherwise caused by geography, size, or concentration limits. Nearly 1,000 financial institutions now use LoanStreet’s software solution to successfully do business with each other and maximize the potential of their respective organizations. LoanStreet was co-founded by Ian Lampl, former Deputy Chief Counsel for TARP, following the financial crisis to meet the acute need he saw for a standardized and automated loan sharing platform.
About Darling Consulting Group
For nearly 40 years, Darling Consulting Group (DCG) has been the recognized leader in providing balance sheet risk management analyses, strategies, and solutions to the U.S. banking industry. DCG’s 600+ active clients include a broad array of community banks and credit unions, as well as many of the country’s 100 largest banks.