Small business lending

Some were sold at discounted prices, while others were shut down by their acquirers or quietly ceased doing business.

Amid the rise of online lending earlier this decade, banks were derided as being too slow to adapt. But over time it's become clear that banks hold key advantages over lending startups.

Given the scale of damage to the region’s homes and cars, bankers are guarding against an expected spike in missed payments by extending loan terms, deferring payments and making other concessions.

The addition of Sean Glithero as CFO is one of several new hires by the online small-business lender.