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NorthSide Community Bank Logo - Navigation Small. Personal Banking 2021 NorthSide Community Bank. All Rights Reserved. NMLS #402217. Back to Top. Suburban Bank & Trust provides Illinois with the resources of a big bank while maintaining the personalized service of a true local community bank. United Community Bank Il is a Banking company and has headquarters in Chicago, Illinois, United States. United Community Bank Il has 118 employees.
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Chase Bank Unveils Community-Focused Branch In Woodlawn With Pop-Up Shops Planned Post-Pandemic

WOODLAWN — Chase Bank unveiled its revamped Woodlawn branch this month with a neighborhood focus, as community partners called on the bank to continue popular community bank chicago il ways to support wealth-building for residents long shunned by major lenders.

The branch at 6650 S. Stony Island Ave. will host educational workshops, a meeting room and space for pop-up shops. The community spaces will open to the public once city and state coronavirus regulations allow.

The community-focused branch is the third of its kind to open among Chase banks. It is part of the company’s five-year plan to address wealth gaps across communities and racial groups.

Recent reporting shows qualified non-white borrowers were refused loans at major banks and subjected to higher interest rates compared to white borrowers. A WBEZ/City Bureau investigation last year revealed JP Morgan Chase had some of the widest disparities, lending 41 times more money in white communities than in Black neighborhoods.

“We are focused on building wealth in Black and brown communities,” Mayor Lori Lightfoot said at a reopening ceremony Feb. 4. “It’s our mission and obligation, and this branch and the commitment of Chase overall to our city is an absolutely essential and key component for us making good on our aspirations.”

A 300-square-foot space for pop-up shops includes wifi and a TV monitor to share photos, marketing and presentations. The adjacent meeting room has a collapsible door to expand the space to about 1,000 square feet.

The pop-up space and meeting room — which are available to reserve at no cost — will be open during the branch’s business hours, 9 a.m.–5 p.m. Monday–Friday and 9 a.m.–2 p.m. Saturdays.

“All they would do is work with me to figure out scheduling and what their needs are,” Chase Bank community manager William Jaramillo popular community bank chicago il. “It’s a great place for the business owner to showcase, but also a great way for the owner to get education for their own growth.”

The pop-up space will prioritize small businesses without storefronts, with availability based on community demand, Jaramillo said.

The revamped branch’s community focus also includes partnerships with organizations like Project Osmosis to encourage financial literacy.

The nonprofit with a focus on supporting young designers ended its first Financing Your Artist Studio course Feb. 6 — the first of “several programs we’re going to be launching through Chase based around financial education,” Director of Marketing Emory Brown said.

The program helped youth understand “the power of a side hustle” to supplement designers’ main income streams, which isn’t always an option in other career fields, Brown said. “That side hustle brings additional income. What are you doing with that additional income?”

Keeta’s Place, a Humboldt Park-based organization formed last year to teach life skills to young women, intends to use the community space to expand its South Side presence.

“We can set up a room for the girls to showcase their etiquette mastery skills,” founder LaKeeta Williams said. “Having a space to do a girl empowerment conference would be another reason we would utilize their space.”

Chase is not the only bank found to disproportionately lend to white communities. From 2012 to 2018, banks including Chase, Indigo credit card customer service email of America, Wells Fargo and Guaranteed Rate invested 12 cents in Black neighborhoods and 13 cents in Latino areas for every dollar spent in predominantly white neighborhoods, according to the WBEZ/City Bureau report.

In addition to lending far more often in white neighborhoods, the report showed Chase’s two branches in Chatham took in tens of millions in deposits but only approved about three home loans annually between 2012 and 2018.

If Chase had lent to Black neighborhoods at the same rate as white communities, it would have meant $829 million each year for Black communities.

Chase is trying to address this inequity with the financial literacy courses, its Advancing Black Pathways program and other initiatives, Brown said. He called on the bank to “be more diligent in the investment of dollars” into Black and Latino businesses and community groups.

Chase is “investing these people’s money every day — the dollars are not just sitting there,” Brown said. In doing so, the company must “stay committed to making sure you’re educating and empowering the people in the communities you serve in order for them to actually build wealth. It’s a win-win-win situation for everybody.”

The company can continue to build trust in South Side communities by offering amenities that meet residents’ immediate needs — like the Woodlawn pop-up space for struggling local businesses, Williams said. Those supports will be crucial to Chicago’s economic recovery from the pandemic, she said.

“I want them to be equal on all fronts,” Williams said. “The people within our communities are just as important as the people in other communities. If they’re given the same opportunities and equal rights and chances as other people are given, that will really increase the growth in the community.”

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Источник: https://blockclubchicago.org/2021/02/17/chase-banks-woodlawn-branch-reopens-community-pop-up-space-planned-post-pandemic/

Best Banks for Checking Accounts

At their core, checking accounts need to be cheap to maintain and easy to access, regardless of time or place. Unlike many other cities, Chicago has more than one option for free checking, so we've evaluated the following banks based on their accessibility and special features.

Best Branch and ATM Access: Chase Bank

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Chase has nearly 200 branches within the Chicago metro area, more than twice the number operated by the next-most common bank. With fairly average deposit accounts, consistent quality of service and a strong credit card rewards program, Chase represents your most convenient option among all banks.

Chicago map of Chase Bank branches, by zip code

Chase's massive resources enable it to cover everything from standard checking and savings accounts to credit cards, loans, investments popular community bank chicago il small business banking. Overall, Chase products usually deliver good quality and consistently meet expectations, especially when it comes to the credit cards rewards program. The Chase mobile app ties together all of a customer's active products in one place, making financial management much swifter and easier. Combined with a massive network of ATMs and local branch offices, Chase's online banking options make it an unbeatable choice in terms of accessibility.

However, people who want affordability won't really be impressed by the bank's fees and rates, which closely follow the average for any national brick-and-mortar bank. With Chase Total Checking, you pay a $12 monthly checking fee unless you have at least $1,500 in the account or $500 in direct deposits during the month. This pricing model for standard checking is more or less the same as what you'll find at competitors like Wells Fargo and Bank of America. Meanwhile, deposits at Chase won't earn more than 0.01% APY, making it less than ideal as a place to grow your savings.

Best for Free Checking: Byline Bank

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In selecting Byline Bank as the best place in Chicago for free checking, we considered the typical needs of people who prioritize affordable banking. Byline doesn't match the brick-and-mortar coverage of a big bank like Chase, but its robust suite of online banking features may compensate for the difference if you prefer banking on your own schedule.

Chicago map of Byline Bank branches, by zip code

Some banks give customers free accounts when they meet a minimum balance or fulfill monthly activity requirements, but with Byline you receive free checking regardless of your balance or how many times you manage to use your debit card. The bank's app and online banking provides all the same major features as those at national banks like Chase, such as mobile check deposit and balance transfers. If you prefer traditional banking, Byline provides account-holders with unlimited check writing and a free book of standard checks.

People who rely heavily on cash withdrawals will also appreciate Byline Bank's partnership with Allpoint, a third-party ATM provider with 55,000 machines worldwide. Few other banks of Byline's size collaborate with Allpoint in this way, giving this bank a unique advantage in delivering fee-free ATM access to its customers in the city. Overall, we find that Byline's combination of local branch offices, ATM partnership and effective online platforms make its free checking account a reliable option.

Best Checking Interest Rate: Huntington National Bank

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Smaller regional banks often provide better deals than national banks, with stronger rates for lower required balances. The Huntington National Popular community bank chicago il, which only serves people in the Great Lakes region, earns our top spot for interest-bearing checking accounts in Chicago.

Chicago map of Huntington National Bank branches, by zip code

The Huntington National Bank offers an APY as high as 0.25% on interest checking, putting it far ahead of other banks in Chicago. Avoiding the monthly fee on the Huntington 25 checking account requires $25,000 in all your Huntington accounts, but people with lower balances can still access a competitive APY with Huntington 5, which earns 1.05% and comes fee-free when you have at least $5,000 in total deposits at the bank. These rates are much stronger than the typical rate earned by premium checking accounts at giants like Wells Fargo or Chase.

In addition, Huntington encourages customers to open savings accounts by providing 0.10% to 0.15% extra APY on those options when you link them to an interest checking account. This relationship rate isn't particularly exceptional, but linking accounts also waives all account fees on savings accounts and money market accounts, giving Huntington a real advantage over other banking options. Huntington also carries a reputation for good customer service, earning recognition in the J.D. Power 2016 U.S. Retail Banking Satisfaction Study.

Best Savings Rates: Wintrust Bank

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Although savings account rates across the country have stayed at historic lows for almost a members 1st federal credit union carlisle, Wintrust Bank in Chicago beats national rates by a significant margin. Its promotional rate of 0.65% APY lasts for one year, with a standard rate of 0.10% kicking in afterwards.

Chicago map of Wintrust Bank branches, by zip code

If you have at least $1,000 in savings, Wintrust currently offers the highest promotional APY of any bank in Chicago. New customers will receive 0.65% APY for the first 12 months after depositing $1,000 in a personal savings account. That's more than ten times the national average on savings accounts, as determined by the FDIC's weekly survey of insured institutions. After the promotion, Wintrust customers earn 0.10% APY on all savings balances of at least $200, although that rate is subject to change.

The account also costs $10 a month if your savings account balance happens to fall below $200, or if you exceed the monthly limit of six withdrawals. With just a few dozen branch locations scattered downtown and across the north side, Wintrust isn't the best choice for checking accounts, but people who live nearby should definitely consider its free checking option. If you prefer a higher interest rate but can't quite make the leap to a completely non-physical, online-only bank, Wintrust is currently your best option.

Best for Small Businesses: U.S. Bank

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U.S. Bank is among our leading recommendations for small business banking in Chicago, thanks to its generous selection of commercial loans and the U.S. Bank Silver Business Checking Package, which comes with no monthly maintenance fee.

Chicago map of US Bank branches, by zip code

Almost every successful small business has a locally available bank that provides credit in addition to the usual deposit services. Having a nearby branch is critical to developing a personal relationship with your banker, and U.S. Bank's wide coverage of the Chicago area ensures that it can work closely with business owners across the city. Besides its participation in the government-sponsored SBA 7(a) loan program, US Bank offers a range of additional options for development, real estate and capital improvements.

U.S. Bank Business Term Loans

Quick Loan for Vehiclesnew/used vehicle financing$5,000-$100,000up to 6 years
Quick Loan for Equipmentpopular community bank chicago il, business expansion$5,000-$250,000up to 5 years
Business Loanvehicles, equipment, long-term financingup to $2 millionup to 80 months
Equipment Financenew/used equipment financing$10,000-$500,000up to 5 years

U.S. Bank also provides superior value in its business-oriented checking accounts and small business services. Opening a checking account will grant you slightly better rates on any loans you take out with the bank as well as higher APY on business savings accounts. The free Silver Business Checking Package is an especially attractive value for businesses just starting out. Even though this account comes with just $2,500 in free cash deposits every month, it's rare for banks to offer business checking with no monthly fees or minimum balance requirements.

U.S. Bank Business Checking Packages

Monthly Fee$0$20$25
Balance to Waive Fee-$10,000$25,000
Transaction Fee$0.50 after 150 free$0.45 after 300$0.50 after 500
Free Cash Deposit Limit$2,500$10,000$20,000

Summary of the Best Banks in Chicago

While each of these banks stands out in a different category, we've put them together in a line-by-line comparison to help you compare them at a glance.

Branch/ATM AccessChase Bank$120.01%
Free CheckingByline Bank$00.01%
Interest CheckingThe Huntington National Bank$51.05%
Highest Savings RateWintrust Bank$100.10%
Small Business BankingUS Bank$0-

Finding the Best Bank for You

With close to three million people living tioga state bank newfield and around the city, there's certainly no shortage of banks to be found in Chicago. If you don't seem to live quite close enough to any of the banks we've covered here, it's best to continue your search based on the same criteria. For a good checking account, you should prioritize reliability and easy access to your balance —whether that means lots of ATMs and branches, or flexible mobile app features. Different people prefer different "channels" for banking, and not all banks perform well in every area.

For savings rates, understand that looking for strong rates among brick-and-mortar institutions is generally inefficient compared to looking at interest rates provided at their online competitors. The national average for all FDIC-insured savings accounts stands at 0.06% APY, a far cry from the 1.00% rates you'll easily find at newer banks operating through the web. Online savings accounts, which generally allow free electronic transfers to compensate for the lack of branches, can often work well when combined with a more traditional checking account.

Источник: https://www.valuepenguin.com/banking/best-banks-in-chicago
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Stay Safe While Shopping Online

With the convenience of online shopping comes the risk of having your information stolen by scammers looking to take advantage of you. Follow these helpful tips to keep your finances and personal information safe this holiday season.

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Financial Planning with Heartland Bank

Our Wealth Management Division is here to help you grow, protect and transfer your assets. Learn more about how our team can work with you to establish an effective financial plan to achieve your financial goals.

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Why a Total Return Trust?

Among the reasons clients utilize trusts as their estate planning tool of choice are: avoiding probate, maintaining privacy, or minimizing income and estate taxes. The primary attraction, typically, is the desire to maintain direction and control over assets after they pass.

The COVID Business Cycle

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Holiday Hours

“I have a dream….” In remembrance of the life of Martin Luther King, Jr. Burling Bank will be closed Monday, […]

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Our warmest wishes to you and your family for a prosperous and healthy New Year!”  Please note our HOLIDAY HOURS: […]

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Burling is pleased to offer a compelling Wealth Management solution powered by Chicago Partners Wealth Advisors, a leading investment advisory firm with over $1.8 Billion under management.

Burling Ventures

As a collaborative partner in Chicago’s vibrant start-up ecosystem, Burling Ventures supports and encourages the innovation and integration of fintech technology that benefits our entire community.

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Business ProfileforPopular Community Bank

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People-powered ag lending

There’s no doubt that 2019 looked very different than 2020 in all areas of life, and community banking was no exception. But our top lenders’ exceptional performance last year has set them up for success even in a time of turmoil. Read on to meet the year’s most successful loan producers in the agriculture, commercial and consumer/mortgage categories.

By Ed Avis


Agriculture

Tony Gudajtes

Choice Bank

Fargo, N.D.
Category: Agriculture ($1 billion or more)
Asset size: $2.4 billion
Consumer lender score: 78.6
Rank in category: 14

With 25 locations across North Dakota and Minnesota, Choice Bank in Fargo, N.D., is a major agricultural lender. It supplies credit to Midwestern farmers who are raising the entire spectrum of crops, atlantic county homes for sale wheat to beets to cattle.

Methodology

Using FDIC data for 2019, we calculated a lender score out of 100 for each community bank. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. We then adjusted each score for loan charge-offs in each category at certain percentile thresholds.

Despite the $2.4 billion-asset community bank’s size and the breadth of its lending expertise, its top leaders know their strength comes from having the right people in local operations.

“We put a lot of emphasis on local decision-making ability,” says Tony Gudajtes, executive vice president and agricultural market president. “Our location presidents are given a lot of authority to make decisions. They’re not getting micromanaged from someone who’s out of the area telling them what should work in their market. When the local president is able to make quick decisions right in front of the customer, that really speeds up the process for the customer and gives the customer a strong feeling that they’re working with a decision-maker and that what they’re telling the banker is making an impact in the final decision.”

The trust leadership has in the location presidents is based on those individuals’ experience. Since the community bank favors promoting from within over recruiting new talent, those who percolate to top local positions know Choice Bank’s procedures, values and culture well. But that doesn’t mean they aren’t able to mold their positions to best fit their skill sets, Gudajtes says. A boomerang employee, he has climbed the ranks at Choice Bank each time he returned to work at the bank over the past 16 years. He’s been in his current position just over a year and has made it his own.

Jason Tryan and client

“The person I replaced didn’t have the exact duties I have,” he says. “We maintain a level of flexibility of any position; we’re not rigid in titles and duties. We believe a lot in people power. We’re not trying to fit the round employee into a square job. We’re small enough and flexible enough that we can morph those duties to fit the person’s strength.”

“We maintain a level of flexibility of any position; we’re not rigid in titles and duties. We believe a lot in people power. We’re not trying to fit the round employee into a square job.”
—Tony Gudajtes, Choice Bank

One thing that many of the community bank’s employees have in common is deep agricultural experience. “We have a very strong underwriting team that has a great interest in agriculture, and we consider many of them to be experts,” says Gudajtes, who farms sugar beets, edible beans, soybeans, wheat and barley. “For instance, we have guys in the sugar beet and potato areas, and those guys know that industry inside and out. Likewise, we have employees who live more in the cattle ranching areas and own cattle themselves, and that helps them understand that industry inside and out.”

That deep ag knowledge means loan officers can examine loan applications from farmers and ranchers with a profound understanding of their business.

“We take a strong look at every credit that comes through,” Gudajtes says. “We look at each credit individually. We look at each farm on its own merits and try to find remedies that work for that particular operation. I’m proud to say that even in this stressed ag economy, we’ve renewed almost every customer this year, and we have grown our business picking up customers from other lenders.”

Less then 500 million

500 million to 999 million

1 billion or more


Commercial

First National Bank of Ottawa’s board of directors

First National Bank of Ottawa

Ottawa, Ill.
Category: Commercial (Less than $500 million)
Asset size: $565 million
Consumer lender score: 96.2
Rank in category: 5

Community bankers know relationships are the key to successful lending, but rarely is that concept proven as effectively as it was at First National Bank of Ottawa in 2019.

Since 2009, First National’s assets had hovered between $200 million and $250 million. “That all changed dramatically when Dan and Joe came on board,” says president and CEO Steven Gonzalo. Today, the Ottawa, Ill., community bank has more than doubled its assets to $565 million.

Dan Miller, board chairman, and Joe Chiariello, partner and executive officer, are veteran Chicago bankers who joined the board and invested in First National Bank in late 2018. Both came from American Chartered Bank, a commercial and industrial (C&I) powerhouse, in Chicago: Miller was a founder, and Chiariello was a division head at that bank. After American Chartered Bank merged with MB Financial in 2016, Miller and Chiariello realized they wanted to get involved in another bank to carry on their C&I lending.

“We felt First National Bank was small enough to be open to change, but big enough to be a platform for what we needed to do,” Miller says. “Most importantly, the board was open to what we wanted to do.”

Their objective was to transform First National from primarily an agricultural and commercial and residential real estate lender in its central Illinois community into a significant C&I lender in the western suburbs of Chicago, which is about 80 miles northeast of Ottawa. The vehicles for that change were their strong client relationships.

“The idea was that the middle market in Chicago for C&I loans had been underserviced,” Gonzalo says. “So, Dan and Joe started with us in November 2018, and beginning in 2019, a number of their former lenders and support staff from American Chartered joined tioga state bank newfield throughout the year.”

Among those who joined during 2019 were 22 commercial lenders from American Chartered and some other Chicago-area financial institutions. They all became equity partners. “They came from a variety of different banks, but all of them have the entrepreneurial spirit,” Gonzalo says. “And each of them had relationships with clients who wanted to follow their banker.”

In addition to adding the powerhouse lenders, First National created a new trade name, American Commercial Bank & Trust. Under that name, the community bank dived into the Chicago C&I market. It’s not a coincidence that the name is similar to Miller and Chiariello’s former institution, Gonzalo says.

To manage the new business volume, First National invested in upgraded technology. It added mobile deposit capture for business clients, as well as end-to-end integration of ACH and domestic and international wires. To support the technology and lending team, the community bank brought on experienced staff and opened branches in the Chicago suburbs of Lisle and Schaumburg, Ill.

The community bank’s efforts resulted in an popular community bank chicago il of assets to $376 million by the end of 2019. The number has ballooned in part due to the strength of Small Business Administration Paycheck Protection Program lending.

“Our strategy is to continue to grow organically,” Gonzalo says. “Continuing to recruit high-caliber individuals is part of our strategy, and [so is] continuing to provide the level of service and entrepreneurial spirit to customers in Chicago who have grown tired of the lack of that service from out-of-state banks and the larger Chicago banks.”

Less than 500 million

500 million to 999 million

 


Consumer and mortgage

West Gate Bank employees

West Gate Bank

Lincoln, Neb.
Category: Consumer ($500 million to $999 million)
Asset size: $738 million
Consumer lender score: 88.5
Rank in category: 5

The mortgage crisis of 2008–2009 spooked many banks out of that market, at least temporarily. But the leadership of West Gate Bank in Lincoln, Neb., sensed opportunity in that catastrophe.

“When we were coming out of the mortgage crisis, most banks were running away from the crisis, but we were running toward the flames,” says Carl Sjulin, the $738 million-asset community bank’s president. “It was the contrarian thing to do, but we felt strongly that this was a line that people would always need. And dotting the I’s and crossing the T’s is something we are very good at.”

In the years since, West Gate Bank has become a major www prudential com online retirement com of mortgages. Today, the bank services 15,000 loans worth $2.5 billion from more than 100 correspondent banks across the Midwest, Sjulin says. The bank employs 80 in its mortgage division, including those who underwrite, purchase, sell and service the loans.

The community bank’s success has steadily grown, but a typical client makes the transition to West Gate gradually.

“Onboarding to a new bank is a long runway,” Sjulin says. “They don’t make quick decisions. That’s the nature of banking, I think. But as our list of correspondents has grown, we have developed a reputation among community banks. They’re getting good service and pricing and execution, and that gets around.”

Sjulin attributes West Gate’s success largely to the fact that the bank, like its correspondent banks, is focused on community. “We are unique relative to many other mortgage aggregators in the sense that we are a small community bank,” he says. “Most of our correspondent banks are a lot like us. We are an $800 million bank with 10 branches, and we have an active retail mortgage division. A lot of banks like us like selling their mortgages to a local community bank like them, rather than a large aggregator.”

Sjulin explains that West Gate Bank sells the aggregated loans to Fannie Mae and Federal Home Loan Bank after holding them about 30 days, but it retains the servicing. This allows the bank to provide the level of attention to homebuyers that the correspondent banks want to see, such as calls returned promptly and issues handled expeditiously.

That level of personal service is supported behind the popular community bank chicago il by investments in technology.

“With mortgages, you’re dealing with a standardized product and process, and you can leverage your capacity with technology,” Sjulin says. “We employ much of the same technology very large banks do. For example, we offer a customized portal where the corresponding banks can lock in the loans and handle other details.”

To ensure that service never slips, West Gate Bank sometimes “self regulates,” Sjulin says. By that, he means that if the bank picks up a new client with a large number of mortgages, it slows down new business acquisition efforts until it effectively absorbs the new volume.

Nevertheless, West Gate Bank’s mortgage business is growing rapidly, despite COVID-19.

“Last year was a record year for us volume-wise, and this year we’ll beat that record in the first six months of the year,” Sjulin says. “We are very busy right now.”

“Last year was a record year for us volume-wise, and this year we’ll beat that record in the first six months of the year.”
—Carl Sjulin, West Gate Bank

Less than 500 million

500 million to 999 million

More than 1 billion

This article was updated on July 13, 2020. The Commercial: $1 billion or more table was corrected.


Ed Avis is a popular community bank chicago il in Illinois.

Источник: https://independentbanker.org/2020/07/who-made-icbas-2020-top-lenders-list/

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Popular Community Bank Grand Opening
popular community bank chicago il

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