Category : Finance

Banking Finance News

United Community Banks, Inc. Announces Completion of Merger With Aquesta Financial Holdings, Inc. and Aquesta Bank

Fintech News Desk
by Fintech News Desk0
United Community Banks, Inc. has completed its merger, effective October 1, 2021, with Aquesta Financial Holdings, Inc., including its wholly-owned subsidiary, Aquesta Bank, which was merged into United’s bank subsidiary, United Community Bank. Aquesta will now operate under the United brand. Aquesta brings a premier franchise focused on providing personal......
Banking Finance News

Wells Fargo Introduces Reflect, a New Credit Card that Rewards Cardholders for On-Time Payments

Fintech News Desk
by Fintech News Desk0
The new card debuts as the second in new multi-card suite; reinforces the bank’s sharpened focus on growing credit cards Wells Fargo & Company announced the launch of the second card in the rollout of its new portfolio of consumer credit cards, the Wells Fargo Reflect Card. Available today, Reflect is......
Banking Finance News

Centerspace Improves And Extends Credit Line; Repays Bank Loans

Fintech News Desk
by Fintech News Desk0
Centerspace announced that it has amended and extended its existing $250 million revolving credit facility. The new facility includes an accordion feature for up to $400 million and matures in September 2025 with two optional six-month extensions. In addition to the new line of credit, the existing bank term loans totaling $145 million were repaid in full......
Blockchain Cryptocurrency Finance News

Binance Bolsters its Security Efforts, Appoints Former IRS Criminal Investigation Special Agents

Fintech News Desk
by Fintech News Desk0
Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, announced the appointment of Tigran Gambaryan and Matthew Price, both former Special Agents of the Internal Revenue Service—Criminal Investigation (IRS-CI) Cyber Crimes Unit in Washington, D.C. Tigran joins Binance as VP of Global Intelligence and Investigations after a decade at the IRS-CI.......
Finance Fintech News

Persistent Announces Its Own Business Unit For Payments And Expands Its Cloud Capabilities Through Strategic Acquisitions

Fintech News Desk
by Fintech News Desk0
– Acquired Software Corporation International, its subsidiary Fusion360, and the business of Shree Partners Persistent Systems announced that it has entered into an agreement to acquire Software Corporation International (SCI), headquartered in Charlotte, North Carolina , and its subsidiary Fusion360, and the business of Shree Partners, based in East Brunswick, New Jersey ,......
Finance Fintech News

Ericsson Signs USD 2 Billion Sustainability-linked Revolving Credit Facility

Fintech News Desk
by Fintech News Desk0
– USD 2 billion sustainability-linked revolving credit facility signed – Transaction underlines the confidence in Ericsson’s financial and sustainable performance Ericsson has signed a USD 2 billion sustainability-linked revolving credit facility, renewing an undrawn USD 2 billion credit facility signed in 2013. The successful transaction underlines the confidence in Ericsson’s financial and sustainable performance......
Finance Fintech InsurTech News

Buckle Closes $60 Million in Funding to Expand Full-Stack Insurance Platform Across US

Fintech News Desk
by Fintech News Desk0
Funds increase scale of the financial services innovator offering financial security for the rising middle class and gig economy Buckle Corp, an inclusive tech-enabled financial services company, has filed its Regulation D and disclosed it raised $60 million through a Series B funding round led by Volery Capital Partners with participation from Eldridge, Assurant......
Finance Investments News

Chris Shepler Joins FTC as VP & Investment Officer

Fintech News Desk
by Fintech News Desk0
Fiduciary Trust Company, an independent wealth advisor and investment management firm for high-net-worth individuals and nonprofits, is pleased to announce the hiring of Chris Shepler, CFA, as a Vice President & Investment Officer. “We are very pleased to have Chris join our team at Fiduciary Trust” Shepler brings over 25 years......
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