Banking business - FinTecBuzz

Manufacturers Bank appoints Olga Tsokova as Chief Financial Officer

September 21, 20233 min

Manufacturers Bank, a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) Americas Holding Inc., a member of the SMBC Group, announced the appointment of Olga Tsokova as Chief Financial Officer. A Managing Director, Ms. Tsokova will lead the buildout of a strategic finance framework for the bank that incorporates short- and long-term funding needs, investments, cash flows, profitability, and financial position to meet business objectives. She will report to Sander Pruijs, President of Manufacturers Bank, and...

by PRNewswire

Banking

F&M BANK: Driving Digital While Staying Personal

July 3, 202310 min

News Provided by FinTech Magazine F&M Bank’s Chief Experience Officer, Charles Driest, talks about striking the right balance between digital innovation and a personal customer approach Charles Driest is the newly-appointed Chief Experience Officer at Farmers & Merchants (F&M) Bank. A graduate of George Mason University in Virginia, and later St. John’s University in New York, he began his banking career shortly after returning to Virginia from New York in 2007. Before this, Driest’s early career saw him employed by the Grocery Manufacturers Association (MGA), and,...

by BusinessWire

Banking

Flyp Selects Galileo to Power Its Gamified Mobile Banking Platform

June 29, 20225 min

The Banking-as-a-Service application will leverage Galileo’s flexible API-enabled platform to offer a new, powerful way to bank

by PRNewswire

Banking

First Citizens Middle Market Banking Provides Up to $50 Mn

May 5, 20223 min

First Citizens Bank today announced that its Middle Market Banking business provided up to $50 million as a senior secured line of credit to an affiliate of Morningstar Properties, a leading investor in and operator of self-storage facilities. The line of credit is structured as a $35 million revolving line of credit with a $15 million accordion feature expanding the total available financing up to $50 million. Proceeds from the financing will be used for growth opportunities and general working capital purposes....