Is virtual banking the wave of the future?

Is virtual banking the wave of the future?

Posted On February 24, 2023

What is a virtual bank? And when might one be right for you? The short answer, Megan Owens says, is that it’s a bank that doesn’t have brick-and-mortar branches. And if you’re a small business owner looking for a loan, Owens has just the bank for you. “The way of branch banking is going by the wayside,” said Owens, who works in Mergers & Acquisitions for Live Oak Bank, a completely virtual bank that specializes in Small Business Administration loans. “We see internet banking, virtual banking, coming to our customers’ offices, as the wave of the future.” Owens, our guest… Read More

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