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Finance News

First Citizens Bank Acquires $123 Million Maritime Portfolio for Greece Vessels

PR Newswire
by PR Newswire0
First Citizens Bank announced that its Maritime Finance group, part of the CIT division, has successfully completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece. The loan portfolio, which was acquired from HSBC Bank Plc, covers 11 financings involving 14 vessels and eight......
CFPB Action to Require Citizens Bank to Pay $9 Million Penalty for Unlawful Credit Card Servicing
Consumer protection laws News

CFPB Action to Require Citizens Bank to Pay $9 Million Penalty for Unlawful Credit Card Servicing

Fintech News Desk
by Fintech News Desk0
Citizens failed to properly manage and respond to customers’ credit card disputes and fraud claims Today, the Consumer Financial Protection Bureau (CFPB) reached a settlement to resolve allegations that Citizens Bank violated consumer financial protection laws and rules that protect individuals when they dispute credit card transactions. The CFPB alleges......
First Citizens Bank of Iowa and Minnesota Expands Functionality with Finastra to Enhance its Operations
Banking News

First Citizens Bank of Iowa and Minnesota Expands Functionality with Finastra to Enhance its Operations

PR Newswire
by PR Newswire0
Powered by Finastra’s cloud-based Fusion Phoenix, the bank will better deliver on its commitment to strength and reliability as it continues to grow Finastra announced that First Citizens Bank of Iowa and Minnesota, a family-owned community bank headquartered in Mason City, Iowa, has expanded its collaboration with Finastra, migrating Finastra’s Fusion Phoenix core solution from on-site hosted to the......
First Citizens Bank Provides $16 Million in Financing to FitLife Brands, Inc.
Banking Finance News

First Citizens Bank Provides $16 Million in Financing to FitLife Brands

PR Newswire
by PR Newswire0
First Citizens Bank announced that its Middle Market Banking business provided $16 million in financing to FitLife Brands, Inc., a provider of innovative and proprietary nutritional supplements headquartered in Omaha, Nebraska. The financing includes a $12.5 million term loan for FitLife’s strategic acquisition of Mimi’s Rock, an e-commerce wellness company that owns brands in the nutritional supplement......
First Citizens Bank Provides $48 Million for Acquisition of Florida Apartment Community
Banking News

First Citizens Bank Provides $48 Million for Acquisition of Florida Apartment Community

PR Newswire
by PR Newswire0
First Citizens Bank announced that its Real Estate Finance group, part of the CIT division, provided a $48 million senior secured loan to finance the acquisition of the Dunson Grove apartment community in Davenport, Florida. The property consists of 18 three-story buildings comprising 319 residential units. Located in a suburb of Orlando, Florida, the apartment......
Circle Partners with Leading Minority-owned Bank, Citizens Trust Bank to Hold USDC Reserves and Collaborate on Financial Inclusion
Banking Fintech News

Circle Partners with Leading Minority-owned Bank, Citizens Trust Bank to Hold USDC Reserves and Collaborate on Financial Inclusion

PR Newswire
by PR Newswire0
Circle Internet Financial, a global digital financial technology firm and the issuer of USD Coin (USDC), has announced that Citizens Trust Bank will hold $65 million in USDC cash reserves. The move is part of Circle’s commitment to allocate a share of USDC dollar-denominated reserves to Minority-owned Depository Institutions (MDIs) and Community Banks across the country.......
China CITIC Bank Credit Card Center Partners with Ascenda to Grow Payments Business
Banking News

China CITIC Bank Credit Card Center Partners with Ascenda to Grow Payments Business

PR Newswire
by PR Newswire0
Ascenda, the global rewards infrastructure company, and China CITIC Bank Credit Card Center have launched the next generation of the China CITIC Bank Point Program to accelerate premium customer acquisition and its new retail development strategy. The program engages customers with innovative new membership rewards features and merchant partners.  Effective......
Citizens Bank of Edmond Partners with KlariVis for their Enterprise Data Solution
Banking News

Citizens Bank of Edmond Partners with KlariVis for their Enterprise Data Solution

Business Wire
by Business Wire0
KlariVis, a fast-growing enterprise dashboard and analytics solution for the financial services industry, announced its new relationship with Citizens Bank of Edmond as the bank’s enterprise data partner. Latest Fintech Insights : Finastra And Integro Technologies To Offer Comprehensive Digitalization And Exposure Risk Offering For Trade Finance “Kim Snyder and the......
Paymentus to Provide Bill Pay and Money Movement for Citizens Retail Banking Customers
Banking Digital Payments News

Paymentus to Provide Bill Pay and Money Movement for Citizens Retail Banking Customers

Fintech News Desk
by Fintech News Desk0
Paymentus, the best in class digital bill pay and money movement provider, announced that it has been selected by Citizens Financial Group to provide electronic bill payment and money services for its digital-first retail banking customers nationwide. Citizens will deploy Paymentus Bill Center and Paymentus Loan Payments, both powered by......
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