Search Results for: paycheck protection program

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......
Ramon Looby Marks Inaugural Year as Maryland Bankers Association CEO
Finance News

Ramon Looby Marks Inaugural Year as Maryland Bankers Association CEO

Fintech News Desk
by Fintech News Desk0
COVID recovery, financial inclusion among key initiatives This week, Ramon Looby marks his first year as CEO and President of the Maryland Bankers Association (MBA). During his tenure, Looby has overseen the growth of the organization as well as the expansion of services to members. In particular, Looby points to......
Enigma Spins Off New Lending Platform To Help Small Businesses Get Loans
Business Lending News

Enigma Spins Off New Lending Platform To Help Small Businesses Get Loans

Fintech News Desk
by Fintech News Desk0
Enigma, a data science company that provides comprehensive intelligence about the financial health and identity of more than 30 million U.S. businesses, announces the spin-off of Prime, a lending platform that will make it easier for financial institutions to extend loans to small and medium businesses (SMB). Latest Fintech Insights: FairySwap......
Fintech Predictions 2022: Diversity, FinTech Collaboration, and Filling the Skills Gap will Trend for Financial Services in 2022
Business Insights Interviews Technology

FinTech Predictions 2022: Diversity, FinTech Collaboration, and Filling the Skills Gap will Trend for Financial Services in 2022

Sudipto Ghosh
by Sudipto Ghosh0
Welcome to our Fintech Predictions Series 2022. The rapid speed of change in banking during 2021 was like no other, but will it continue, and what are the predictions for 2022? We sat down with Cheryl Chiodi, an expert in financial services technology with digital intelligence company ABBYY, to identify......
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,......
Customers Bank Rebrands Signaling Future Opportunities
Banking Blockchain News

Customers Bank Rebrands Signaling Future Opportunities

Fintech News Desk
by Fintech News Desk0
Customers Bank, a digital-forward top 100 bank in the nation with $20 billion in assets, experienced exponential growth over the last two years as a result of participating in approximately 347,000 Paycheck Protection Program loans with an aggregate value of $10 billion and the launch of its blockchain-based real-time payments......
Cross River Acquires Leading Small Business Software Provider Betterfin, Expanding its Full Suite of Offerings
Fintech News

Cross River Acquires Leading Small Business Software Provider Betterfin, Expanding its Full Suite of Offerings

Fintech News Desk
by Fintech News Desk0
Deal bolsters Cross River’s already robust technology infrastructure and advances lending-as-a-service solutions for technology partners and small businesses across the country Integrating Betterfin’s technology from its financing management tool will enable Cross River, a leading originator of SBA 7(a) loans, to leverage its technology stack to further scale and accelerate......
The Central Trust Bank Chooses Autobooks To Elevate Small Business Digital Banking
Banking Digital Digital Payments Fintech Mobile Banking News

The Central Trust Bank Chooses Autobooks To Elevate Small Business Digital Banking

Fintech News Desk
by Fintech News Desk0
— Embedded fintech for digital invoicing, online payment acceptance, and accounting services into existing banking channels — Helping small businesses send invoices and accept online payments has become a necessity for financial institutions Autobooks, the emerging leader in embedded invoicing and payment acceptance for financial institutions, announced that the Central......
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