Independent Banker - June 2024 - 16

PORTFOLIO
it's appreciated in both the economy
and the banking industry the amount
of stimulus that's actually in our
system, " says Chris Nichols, director
of capital markets at $45 billion-asset
SouthState Bank in Winter Haven, Fla.
When economic pundits continue
to talk about a forthcoming recession
or even lower interest rates, Nichols
believes it's difficult to foresee that
happening given the country's current
economic strength and the huge
amount of federal dollars that will
continue to be deployed over the next
several years. " Big picture, the stimulus
is good for the economy and good for
community banks in terms of what's
happening in their areas, " he says.
◎FOCUS LENDING
Opportunities in
infrastructure lending
With $1 trillion in federal infrastructure funding rolling out across the
U.S., community banks have a rare opportunity to enter or deepen their
involvement in this dynamic sector. By Beth Mattson-Teig
ommunity banks have an
opportunity to play an active role
in what is being billed as a " once in a
generation " effort to modernize the
country's infrastructure.
Communities across the U.S. are
starting to see the ripple effects of
the more than $1 trillion in federal
funds that have been allocated to
infrastructure projects ranging from
C
traditional roads and bridges to electric
vehicle (EV) charging, broadband
expansion and brownfield clean-up.
The Biden administration
announced last November that more
than $400 billion in projects had been
set forth. These funds span 40,000
projects across more than 4,500
communities in all 50 states and D.C.
" On the macro view, I don't think
Busting infrastructure myths
First, it's important to dispel a
few misconceptions that create
hurdles for how bankers think about
lending opportunities related to
infrastructure investment.
 Myth: Funding is only going to
mega-projects that are out of reach
for most community banks.
 Myth: Public funds
alone will be sufficient for
financing improvements.
 Myth: The only opportunity
is to work directly with
government contractors.
 Myth: Infrastructure funding
is only affecting C&I and not
consumer lending.
In reality, when it comes to
infrastructure financing, community
banks are discovering a variety of
entry points to assist existing and new
customers across both commercial and
consumer accounts.
A role for private financing
Even though the federal government
has committed significant dollars,
advisors and government contractors
are a key part of the process in
16 // ICBA Independent Banker // June 2024
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Independent Banker - June 2024

Table of Contents for the Digital Edition of Independent Banker - June 2024

Contents
Independent Banker - June 2024 - Cover1
Independent Banker - June 2024 - Cover2
Independent Banker - June 2024 - Contents
Independent Banker - June 2024 - 2
Independent Banker - June 2024 - 3
Independent Banker - June 2024 - 4
Independent Banker - June 2024 - 5
Independent Banker - June 2024 - 6
Independent Banker - June 2024 - 7
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