Search Results for: regulatory capital

Paxos Will Halt Minting New BUSD Tokens
Blockchain News

Paxos Will Halt Minting New BUSD Tokens

Fintech News Desk
by Fintech News Desk0
Existing Tokens Remain Fully-Backed and Redeemable Through Paxos Trust Company Through At Least February 2024 Paxos, the leading regulated blockchain and tokenization infrastructure platform, announced it will end its relationship with Binance for the branded stablecoin BUSD. Effective February 21, Paxos will cease issuance of new BUSD tokens as directed by and......
First Bank and Malvern Bancorp, Reach Agreement on Strategic Combination
Banking Fintech News

First Bank and Malvern Bancorp, Reach Agreement on Strategic Combination

Fintech News Desk
by Fintech News Desk0
Expanded Presence in Highly Desirable New Jersey and Pennsylvania Markets First Bank and Malvern Bancorp, Inc., the parent company of Malvern Bank, National Association (“Malvern Bank”), announced that they have entered into a definitive merger agreement pursuant to which First Bank will acquire Malvern Bancorp, Inc. and Malvern Bank in......
Danske Bank Reaches Coordinated Resolutions With the US and Danish Authorities Regarding the Estonia Matter
Banking News

Danske Bank Reaches Coordinated Resolutions With the US and Danish Authorities Regarding the Estonia Matter

Fintech News Desk
by Fintech News Desk0
Danske Bank has reached final coordinated resolutions with the US Department of Justice (DoJ), the US Securities and Exchange Commission (SEC) and the Danish Special Crime Unit (SCU) following the investigations into failings and misconduct related to the non-resident portfolio at Danske Bank’s former Estonia branch Danske Bank has reached......
KBRA Analytics Releases The Bank Treasury Newsletter, the Bank Treasury Chart Deck, and Bank Talk
Analytics Banking News

KBRA Analytics Releases The Bank Treasury Newsletter, the Bank Treasury Chart Deck, and Bank Talk

Fintech News Desk
by Fintech News Desk0
KBRA Analytics releases this month’s edition of c, the Bank Treasury Chart Deck, and Bank Talk. This month’s newsletter, Bank Treasurers Get Off for Thanksgiving, discusses two challenges bank treasurers face regardless of how much higher the Federal Reserve will lead rates now that its target range for the fed......
Eagle Financial Services, Inc. Completes $30.0 Million Subordinated Notes Offering
Fintech News

Eagle Financial Services, Inc. Completes $30.0 Million Subordinated Notes Offering

Fintech News Desk
by Fintech News Desk0
Eagle Financial Services, Inc. (the “Company”), the holding company for Bank of Clarke County (the “Bank”), announced the completion of a private placement offering of 4.50% Fixed-to-Floating Rate Subordinated Notes due 2032 (the “Notes”), in the aggregate principal amount of $30.0 million, to certain qualified institutional buyers and accredited institutional investors.  The......
Penfed Credit Union Announces Record Annual Mortgage and Consumer Lending Volume for 2021
Lending Mortgage News

Penfed Credit Union Announces Record Annual Mortgage and Consumer Lending Volume for 2021

Fintech News Desk
by Fintech News Desk0
America’s Second-Largest Federal Credit Union Funds a Record $31 Billion in Mortgages and Consumer Loans during 2021 PenFed Credit Union, the nation’s second-largest federal credit union, released financials highlighting another record year in the institution’s 87-year history. In the fourth quarter of 2021, PenFed originated a record $6.3 billion in mortgage......
Temenos Launches Industry’s First AI-Driven Buy-Now-Pay-Later Banking Service on the Temenos Banking Cloud
Banking News

Temenos Launches Industry’s First AI-Driven BNPL Banking Service on the Temenos Banking Cloud

Fintech News Desk
by Fintech News Desk0
New Temenos Buy-Now-Pay-Later (BNPL) banking service helps banks and non-banks offer AI-driven variable installment loans to their customers at the point of purchase Temenos, the banking software company, today announced the launch of its Buy-Now-Pay-Later banking service. This offering will open up new revenue opportunities for banks and fintechs, help......
Patriot National Bancorp and American Challenger Development Corp. Agree to Merge and Create Largest Digital Challenger Bank in America
Banking Featured News

Patriot National Bancorp and American Challenger Development Corp. Agree to Merge and Create Largest Digital Challenger Bank in America

Fintech News Desk
by Fintech News Desk0
Patriot National Bancorp, Inc., the parent company of Patriot Bank, N.A, and American Challenger Development Corp. ( “American Challenger”), announced that they have entered into a definitive agreement (the “Merger Agreement”) under which Patriot will acquire American Challenger via a reverse subsidiary merger, with American Challenger surviving as a wholly......
Western Alliance to Acquire AmeriHome, a Leading National B2B Mortgage Acquirer & Servicer
B2B Banking Fintech Investment Services News Risk Management

Western Alliance to Acquire AmeriHome, a Leading National B2B Mortgage Acquirer & Servicer

Fintech News Desk
by Fintech News Desk0
Western Alliance Bancorporation today announced the execution of a definitive agreement to acquire Aris Mortgage Holding Company, LLC, the parent company of AmeriHome Mortgage Company, LLC (“AmeriHome”) for an estimated purchase price of $1.0 billion in cash, subject to adjustments at closing. Read More:  DeFi Platform OIN Finance Integrates With......
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