“Community Banks: Renewed Purpose and Survival through Crowdfunding” Makes the Case for Implementation of a Crowdfunding Strategy

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CommunityLeader and Breakaway Funding Release a Joint Whitepaper Connecting Community Banks and Crowdfunding

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CommunityLeader, Inc., a technology and service leader in the emerging crowdfunding industry and Breakaway Funding, LLC, a new crowdfunding portal platform announced the joint publication of “Community Banks: Renewed Purpose and Survival through Crowdfunding“— a whitepaper targeted at community bankers on the changing landscape of the private securities market. The paper presents a framework upon which to build an irrefutable case for immediate implementation of a community-based crowdfunding strategy.

“While crowdfunding has been seen as a peculiarity by banks; the dramatic changes in the regulatory environment allowing private companies greater flexibility in securing debt capital put equity crowdfunding at the doorstep of community banks,” said co-author Kim Kaselionis.

Ms. Kaselionis is the former CEO/Chairman of Circle Bank, where she led the Northern California Community Bank to 53 consecutive profitable quarters and developed the brand from a single-branch bank to one with six locations, managing more than $300 million in total assets. She launched Breakaway Funding (http://breakawayfunding.com/) to support community banks to leverage the both existing and new securities regulations associated with the opportunities made possible through crowdfunding.

“The incredible power of the online solicitation, sale and support of private securities will change how small and medium size companies secure the capital they need to grow” said co-author Joseph Barisonzi, co-founder and CEO of CommunityLeader. “Banks have an incredible opportunity to adopt these emerging new tools or find themselves competing with new competitors who will.”

CommunityLeader is the premier provider of compliant platform solutions for the online solicitation, sale and support of private equity and debt securities. CommunityLeader's integrated white-labeled technology and services platform is used by many of the leading crowdfunding sites in the United States.

“Community Banks: Renewed Purpose and Survival through Crowdfunding” is the first of a three part publication series directed at community banks. Part 2 — “Crowdfund 101 for Community Bankers” presents an introduction to crowdfunding and its emergence as a key vehicle in the funding industry including the definition of crowdfunding, a historical overview, current and predicted market trends, and a review of the basic concepts relevant to community banking. Part 3 — titled “Sink or Crowdfund” will present a decisive argument for community banks to engage in crowdfunding immediately.

For information on how to download a copy of “Community Banks: Renewed Purpose and Survival through Crowdfunding” and other CommunityLeader whitepapers, visit http://learn.communityleader.com/.

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