Search Results for: PPP loans

Savi Financial Corporation Earns $572,000 in Second Quarter 2022
Finance News

Savi Financial Corporation Earns $572,000 in Second Quarter 2022

Fintech News Desk
by Fintech News Desk0
Savi Financial Corporation, Inc. the bank holding company for SaviBank, reported net income for the second quarter of 2022 was $572,000, or $0.13 per diluted share, compared to $964,000, or $0.22 per diluted share in the preceding quarter, and record quarterly results of $1.24 million, or $0.28 per diluted share,......
Lendistry Champions Progressive Financing for New York's Underserved Small Businesses
Fintech Lending News

Lendistry Champions Progressive Financing for New York’s Underserved Small Businesses

Fintech News Desk
by Fintech News Desk0
The fintech that powered New York small business relief grants expands its progressive lending model in the Empire State Lendistry announces that its unique lending model is open for business in New York. Since 2015, the minority-led fintech has provided $8.6 billion in funds to 561,000 businesses in underserved communities,......
Analytics Featured News

San Jose is The Top City for Small Business in 2022

Fintech Analyst
by Fintech Analyst0
Biz2Credit has identified San Jose as the “Best Small Business City in America,” based on average annual revenues in 2021, credit scores, age of business, and Biz2Credit’s proprietary BizAnalyzer score. BizAnalyzer factors in the local business climate, including rents, labor costs, and local tax rates. Biz2Credit examined the financials of over 82,000 companies that applied for small business loans in 2021, including companies that applied for PPP loans. According......
The Bancorp Named a Top 50 Community Bank in 2021 by S&P Global Market Intelligence
Banking News

The Bancorp Named a Top 50 Community Bank in 2021 by S&P Global Market Intelligence

Fintech News Desk
by Fintech News Desk0
The Bank was ranked #31 best-performing community bank between $3 and $10B in assets The Bancorp Bank, a wholly owned subsidiary of The Bancorp Inc., is pleased to announce it has been listed as one of the 50 best-performing community banks with assets between $3B and $10B. Based on its......
Umpqua Bank Launches Small Business Empowerment Program With $2 Million To Support Minority, Women Entrepreneurs
Banking News

Umpqua Bank Launches Small Business Empowerment Program With $2 Million To Support Minority, Women Entrepreneurs

Fintech News Desk
by Fintech News Desk0
Multi-year partnerships designed to close opportunity gap in access to capital, resources, and expertise Umpqua Bank, a subsidiary of Umpqua Holdings Corporation, announced a new program that expands access to capital, resources, and expertise for minority and women entrepreneurs. Umpqua Bank’s Small Business Empowerment Program builds on existing private and......
Santa Cruz County Bank Reports Earnings For Quarter and Year Ended December 31, 2021
Banking Fintech News

Santa Cruz County Bank Reports Earnings For Quarter and Year Ended December 31, 2021

Fintech News Desk
by Fintech News Desk0
Eleventh successive year of record net income Record assets of $1.701 billion Santa Cruz County Bank, with assets of $1.701 billion, is a top-rated community bank headquartered in Santa Cruz County.  Bank announced unaudited earnings for the fourth quarter and year ended December 31, 2021.  Net income for the year ended December......
GBank Financial Holdings Inc. Announces Quarterly Operating Earnings
Banking Fintech News

GBank Financial Holdings Inc. Announces Quarterly Operating Earnings

Fintech News Desk
by Fintech News Desk0
GBank Financial Holdings Inc. (“GBank” or the “Company”) , the parent company for Bank of George (the “Bank”), reported year-to-date earnings of $11 million, or $0.85 per diluted share. This represents a year-over-year increase of 57% compared to $7 million or $0.56 per diluted share for the year-to-date period ending December 31, 2020. Earnings for the fourth quarter increased......
MainStreet Bancshares, Inc. Reports Another Record Year
Banking Fintech News

MainStreet Bancshares, Inc. Reports Another Record Year

Fintech News Desk
by Fintech News Desk0
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......
Ncontracts Acquires OnSemble Software from Passageways, Inc.
Fintech News

Ncontracts Acquires OnSemble Software from Passageways, Inc.

Fintech News Desk
by Fintech News Desk0
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......
Ocrolus
Banking Fintech News

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

Fintech News Desk
by Fintech News Desk0
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......
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