Search Results for: PPP

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......
Biz2Credit Small Business Lending Index  Finds Loan Approval Rates Rose at Banks and at Institutional and Alternative Lenders in July
Lending News

Biz2Credit Small Business Lending Index for December Finds Loan Approval Rates Continue to Rise, But at Slow Pace

Fintech News Desk
by Fintech News Desk0
Approval Percentages at Big Banks, Small Banks, Institutional Lenders, Alternative Lenders and Credit Union Still Are Roughly Half of What They Were in December 2019 Small business loan approval percentages at big banks ($10 + in assets) increased from 14.2% in November to 14.3% in December, and small banks’ approvals also rose from 19.9% in November to 20.1% in December, according to the latest Biz2Credit Small Business Lending Index™ released today. Among several categories of non-bank......
Muncy Bank Financial, Inc. Announces Earnings
Banking News

Muncy Bank Financial, Inc. Announces Earnings

Fintech News Desk
by Fintech News Desk0
Muncy Bank Financial, Inc., the parent company of The Muncy Bank and Trust Company (“Bank”), has released its unaudited consolidated financial results for the year ended December 31, 2021. Latest Fintech Insights: Retail Traders and Investors Will Be Able To Purchase the $BP Token via the Cryptocurrency Exchange Gate.io Financial Highlights......
Community Heritage Financial, Inc. Announces Change To Organizational Structure
Fintech News

Community Heritage Financial, Inc. Announces Change To Organizational Structure

Fintech News Desk
by Fintech News Desk0
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.......
Eric Feldstein named M&T Bank Western New York Regional President
Banking Fintech News

Eric Feldstein named M&T Bank Western New York Regional President

Fintech News Desk
by Fintech News Desk0
Current regional president Shelley Drake set to retire in March Eric Feldstein has been named M&T Bank Regional President of Western New York – the company’s headquarter market and where it was founded 165 years ago – in addition to his role as Head of Business Banking, beginning in March of 2022.......
Comerica Bank Invests an Additional $1 Million in Clearinghouse CDFI
Banking Investment Services News

Comerica Bank Invests an Additional $1 Million in Clearinghouse CDFI; Becomes Third Largest-Shareholder

Fintech News Desk
by Fintech News Desk0
Investments by Comerica Bank in Clearinghouse CDFI Total $2.1 Million Since 2019 Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced an additional $1 million equity investment from Comerica Bank, a financial services company headquartered in Dallas, Texas. Since 2019, Comerica has invested a total of $2.1 million in Clearinghouse CDFI,......
Binance and a Consortium Led by MDI Ventures Establish Joint Venture To Grow the Blockchain Ecosystem
Blockchain Cryptocurrency News

Binance and a Consortium Led by MDI Ventures Establish Joint Venture To Grow the Blockchain Ecosystem

Fintech News Desk
by Fintech News Desk0
Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, has established a joint venture with a consortium led by MDI Ventures (MDI) to expand the blockchain ecosystem in Indonesia with the development of a new Indonesian-based digital asset exchange. MDI is a US$830+ million multi-stage venture capital arm of Indonesia’s......
Taiwan Aims To Be Global Leader in Artificial Intelligence With New AI HUB Initiative
Commerce News

Taiwan Aims To Be Global Leader in Artificial Intelligence With New AI HUB Initiative

Fintech News Desk
by Fintech News Desk0
Government programs crucial to accelerate the development of the AI industry, finds Frost & Sullivan The benefits of artificial intelligence (AI) technology have been validated in many domains, where AI has helped reduce costs, improve efficiency and productivity, and solve real-life problems. However, international communities are challenged by adverse factors such......
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