bank - FinTecBuzz

S&T BANK ADVANCES THREE EXECUTIVES FOR CONTRIBUTIONS TO THE BANK

January 25, 20226 min

S&T Bank, a full-service financial institution with assets of $9.4 billion and current operations in five markets including Western Pennsylvania, Central Pennsylvania, Northeast Ohio, Central Ohio and Upstate New York, is proud to announce the promotions of three executives into critical roles to support the company’s continued growth and success. Steve Drahnak has been promoted to chief commercial banking officer and will continue to report to David Antolik, president. He currently serves as the bank’s market president for western Pennsylvania. Steve will continue in that...

by PRNewswire

Banking

Blue Ridge Bankshares & FVCBankcorp to Terminate Merger Agreement

January 21, 20223 min

Blue Ridge Bankshares, Inc. (NYSEAM: BRBS) (“Blue Ridge“), the parent company of Blue Ridge Bank, National Association, and FVCBankcorp, Inc. (NASDAQ: FVCB) (“FVCB”), the parent company of FVCbank, jointly announced today a mutual agreement to terminate their merger agreement, previously announced on July 14, 2021, pursuant to which the companies had agreed to combine in an all-stock merger of equals transaction. The termination was approved by both companies’ boards of directors after careful consideration of the proposed...

by PRNewswire

Payments

Krungthai Bank & Nium to enhance global payment offerings

December 16, 20212 min

The partnership will see Krungthai WARP offer faster and more affordable international transfers for both corporate and individual customers

by PRNewswire

Banking

Blue Ridge Bank Named Top 10 USDA B&I Lender

December 13, 20214 min

Blue Ridge Bank, N.A. (the “Bank”), the national bank subsidiary of Blue Ridge Bankshares, Inc. (NYSE American: BRBS), is pleased to announce its inclusion to the top 10 commercial lender list by the U.S. Department of Agriculture Rural Development. This accomplishment designates Blue Ridge Bank as one of the leading 2021 U.S. Department of Agriculture lenders by volume for its Business & Industry (B&I) guaranteed loan program. The results were announced at the National Rural Lenders Association...

by PRNewswire

Banking

Credova Partners with Cornerstone Bank

November 24, 20214 min

Credova, a buy now, pay later (BNPL) solution emerging in the increasingly popular outdoor recreation, farm, home and ranch markets, announced today an exclusive agreement with Cornerstone Bank. “This is the next step in our company evolution, to partner with Cornerstone Bank, a pillar in the banking community,” says Dusty Wunderlich, Credova CEO. “It’s not often you find a bank with a nearly 100-year history, be so nimble and forward thinking, but that’s exactly what we’ve discovered in...

by PRNewswire

Banking

Bank of Botetourt posts profitable 3rd quarter financial results

October 29, 202119 min

Buchanan-based Bank of Botetourt (OTCPK: BORT) announced today its unaudited financial results for the three and nine months-end September 30, 2021. The Bank produced net income amounting to $1,816,000 or $1.04 per basic share in the third quarter. This amount compares to a net income of $1,095,000 or $0.64 per share, for the same period last year, an increase of $721,000 or 65.9%. For the nine months-ended the Bank produced net income amounting to $5,378,000 or $3.10 per basic share. This amount compares to a net income of $3,305,000 or $1.92 per share for the same...

by PRNewswire

Banking Investments Payments

Novel Open Banking Payment Solution from kevin.

October 26, 20217 min

Lithuanian fintech startup kevin. allows merchants to process account-to-account (A2A) payments at checkout.

by BusinessWire

Banking

OppFi Expands Bank Credit Facility to Support Growth of SalaryTap

October 6, 20213 min

OppFi Inc. (NYSE: OPFI) (“OppFi”), a leading financial technology platform that powers banks to help everyday consumers gain access to credit, announced today that it has expanded its existing $25 million bank credit facility to $45 million. OppFi plans to use the expanded facility in part to support the growth and expansion of its SalaryTap product, an employer payroll-linked loan product, that is available in 33 states. “This expanded facility is an important financial milestone...

by PRNewswire

Payments

Hamburg Bank drives change with Broadridge’s payment platform

September 7, 20216 min

Bank drives transformation and navigates dynamic change with advanced payments platform and BPO service to provide its clients best in class technology Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced that Hamburg Commercial Bank is now live using Broadridge’s Payments as a Service – a cloud-based new-generation platform and BPO operation – to transform the bank’s international payments (including TARGET2) processing for corporate clients based on PPI AG´s market leading payments platform. Broadridge’s Payments as...

by BusinessWire

Investments

Harris Williams Advises Social Solutions Global

August 9, 20219 min

Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising Social Solutions Global (Social Solutions), a portfolio company of Vista Equity Partners (Vista), on its pending sale to Apax Partners LLP (Apax). Social Solutions is a leading cloud software provider for nonprofit and public sector social service organizations. The pending sale of Social Solutions is part of a three-company merger alongside CyberGrants and EveryAction, creating a diversified social impact software...

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