GlobeNewswire - FinTecBuzz

MidWestOne Financial Group Adds Three Key Executives

GlobeNewswireJune 4, 20246 min

MidWestOne Financial Group, Inc., parent company of MidWestOne Bank, a pre-eminent relationship-driven community bank, is pleased to announce the hiring of three new executive leaders: Paul Ho-Sing-Loy, Executive Vice President and Chief Information Officer; Steve Heimermann, Executive Vice President and Head of Wealth Management; and Elda Macias, Senior Vice President and Chief Marketing Officer. MidWestOne Financial Group has introduced a new strategic plan emphasizing expertise, customer experience and deep relationships, and these hires will propel progress...

Banking

National Bankshares Acquires Frontier Community Bank

GlobeNewswireJune 4, 20243 min

National Bankshares, Inc., the holding company for The National Bank of Blacksburg (“National Bank”), completed its acquisition of Frontier Community Bank (“Frontier”) effective June 1, 2024. Following the transaction, valued at approximately $16.07 million, National Bankshares now operates 27 full-service offices along with two loan production offices, and has approximately $1.8 billion in total assets. Under the previously announced terms of the merger, each share of Frontier common stock was converted into $14.48 in cash...

Banking

First Guaranty Bancshares, Inc. Appoints Mineer as President and CEO

GlobeNewswireJune 4, 20243 min

First Guaranty Bancshares, Inc. announced Michael Mineer has been appointed as First Guaranty Bancshares, Inc. and First Guaranty Bank’s President and CEO. He will succeed Alton Lewis, who announced his retirement at the end of May. Mineer has been a part of the First Guaranty family as the Mideast Area President since 2021 and brings over 35 years of banking experience to his new role. Most recently, Mineer served as President and CEO of Citizens...

Blockchain

WadzPay & SMI Forge Mining Financing Partnership

GlobeNewswireJune 4, 20245 min

The Collaboration for Digital Asset Tokenization to Boost Economic Empowerment in the Republic of the Congo

Banking

German American Bancorp Sells Insurance Assets to Hilb Group

GlobeNewswireJune 3, 20245 min

German American Bancorp, Inc. announced and closed the sale of the assets of its wholly-owned subsidiary German American Insurance (GAI) to Hilb Group, an industry-leading insurance broker. The all-cash transaction is for $40 million, and creates a significant after-tax gain, net of transaction costs, of approximately $27 million. The purchase price represents approximately four times 2023 GAI revenues and approximately 24 times 2023 GAI after-tax earnings. “Our decision to partner with Hilb Group for this...

Security

Fuel and Immunefi Launch $1.3M Attackathon, Web3’s Largest Security Audit

GlobeNewswireJune 3, 20246 min

Fuel, the operating system purpose-built for Ethereum rollups, today announced its strategic partnership with Immunefi, the leading crowdsourced security platform for web3 protecting over $60 billion in assets. The alliance will launch the largest-ever Attackathon, featuring a rewards pool totaling $1.3 million. This comprises a $1 million prize for the Attackathon and a dedicated $300,000 program for the top 4 ecosystem decentralized applications (dApps). Attackathon is a curated crowdsourced security audit conducted by elite security researchers...

Investments

Experience High Returns with InvestGPT: The AI Advisor with Spot-On Picks

GlobeNewswireJune 3, 20246 min

Investing can be daunting, especially with the myriad of choices and the ever-changing market dynamics. But what if you had an intelligent advisor that consistently picked the right investments for you? Meet InvestGPT, your unique AI-driven investment advisor designed specifically for Canadian users. With a proven track record of high returns and spot-on recommendations, InvestGPT simplifies the investment process, ensuring you can grow your wealth with ease. Unleash the Power of AI for Consistent High Returns Reliable and...

Investments

Colliers to Acquire Leading Canadian Engineering Firm Englobe

GlobeNewswireJune 3, 20245 min

Colliers expands engineering capabilities into Canada

Insurance

Duck Creek Expands APAC Presence, Appoints Christian Erickson as GM

GlobeNewswireJune 3, 20246 min

Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has announced the appointment of Christian Erickson as General Manager of APAC (Asia-Pacific). Erickson will oversee a new phase of investment in the region and further strengthen the deep relationships with existing customers and partners. Erickson, an accomplished enterprise software and professional services leader with over 25 years of experience, brings a wealth of expertise to Duck...

Payments

IXOPAY Appoints Brady Harris as CEO to Drive Global Payments Growth

GlobeNewswireJune 3, 20244 min

Following the IXOPAY and TokenEx merger, new leadership strengthens the company’s market position and serves the evolving needs of customers

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