Search Results for: PPP loan

MainStreet Bancshares, Inc. Reports Another Record Year
Banking Fintech News

MainStreet Bancshares, Inc. Reports Another Record Year

Fintech News Desk
Bank Nets $22.2 Million and Improves Net Interest Margin MainStreet Bancshares, Inc. , the holding company for MainStreet Bank, reported record net income of $22.2 million for 2021.  Year-end results represent: 12.38% return on average equity 1.32% return on average assets $2.65 per share of common stock (basic and diluted) $20.94 per common......
Community Heritage Financial, Inc. Announces Change To Organizational Structure
Fintech News

Community Heritage Financial, Inc. Announces Change To Organizational Structure

Fintech News Desk
Community Heritage Financial, Inc. (the “Company”) (OTC Pink: CMHF), the holding company for Middletown Valley Bank (the “Bank”) and Millennium Financial Group, Inc. (“Mlend”) announced today that it has requested regulatory non-objection for Mlend to become a wholly owned subsidiary of the Bank. The change has been approved by all three boards.......
Cambridge Savings Bank Offers Innovative Lending Solutions to Support LAB Medical’s Out-of-Market Expansion
Banking News

Cambridge Savings Bank Offers Innovative Lending Solutions to Support LAB Medical’s Out-of-Market Expansion

Fintech News Desk
Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Commercial Lending team offered a lending solution to support the growth of LAB Medical Manufacturing with acquisition financing for a new manufacturing facility in South Carolina. Headquartered in Billerica, Massachusetts, LAB......
Ncontracts Acquires OnSemble Software from Passageways, Inc.
Fintech News

Ncontracts Acquires OnSemble Software from Passageways, Inc.

Fintech News Desk
Leader in integrated risk management solutions adds intranet product capabilities to growing portfolio of enterprise platform solutions Ncontracts, a leading provider of integrated risk management solutions for the financial services industry, announced that it has acquired the OnSemble intranet portal from Passageways, Inc. The OnSemble intranet portal provides a full communication......
Fintech Initiatives Continue to Power Core Funding Transformation
Fintech Investment Services News

Fintech Initiatives Continue to Power Core Funding Transformation

Fintech News Desk
MVB Financial Corp. reported net income of $11.8 million, or $1.00 basic and $0.92 diluted earnings per share for the three months ended September 30, 2021. “MVB’s third quarter results and actions reflect our embrace of the transformative power of technology in our industry” Quarterly Year-to-Date 2021 2021 2020 2021......
Ocrolus
Banking Fintech News

Ocrolus Raises $80 Million In Series C Funding To Scale Its Financial Services Focused Document Automation Solution

Fintech News Desk
Company Makes Lending Significantly Faster And More Accurate; Achieves $500+M Valuation; Expands US Operations Ocrolus, the only automation platform that analyzes financial documents with over 99 percent accuracy, announced $80 million in Series C funding led by Fin VC at a valuation north of $500 million. The company powers document......
Ncontracts Named to Gartner IT Vendor Risk Management Magic Quadrant
Finance Fintech News Risk Management

Ncontracts Named to Gartner IT Vendor Risk Management Magic Quadrant

Fintech News Desk
Company recognized for its strong set of industry skills and a deep understanding of the regulatory requirements and trends of financial services Ncontracts, the leading provider of integrated risk management and lending compliance solutions for the financial services industry, announced that it has been named to the Gartner IT Vendor......
M&T Bank Customers Secure Nearly $10 Billion in Paycheck Protection Program Funding
Banking Finance News

M&T Bank Customers Secure Nearly $10 Billion in Paycheck Protection Program Funding

Fintech News Desk
M&T Bank Corporation, the nation’s fifth largest Small Business Administration (SBA) lender in fiscal year 2020, today announced more than 58,000 of its business customers received approval for a total of about $9.8 billion in funding through the Paycheck Protection Program (PPP), which has now closed to most new applicants. M&T has......
Customers Bank Partners with Tassat to Implement a Blockchain-Based B2B Payments Network to Meet Needs of Business Clients
B2B Digital Payments Fintech News

Customers Bank Partners with Tassat to Implement a Blockchain-Based B2B Payments Network to Meet Needs of Business Clients

Fintech News Desk
Customers Bank to Join the TassatPay® Network to Drive Client and Deposit Growth While Providing Frictionless, Instantaneous Payments and Improved User Experiences Customers Bank, a subsidiary of Customers Bancorp, Inc. a bank holding company, and Tassat, a global provider of blockchain technologies for digital payments, announced that Customers Bank will......
Customers Bank Continues National Expansion
Banking Fintech News

Customers Bank Continues National Expansion

Fintech News Desk
Nationally Ranked PPP Lender Introduces Commercial Banking Services in New Markets Customers Bank is building upon its national recognition for providing innovative banking products and services to commercial and consumer clients to advance its national expansion. The next phase of the national expansion will include new offices in Florida and......
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