Tag : community banks

EagleBank Provides $48Million in Acquisition Financing to Montgomery County Housing Opportunities Commission
Finance News

EagleBank Provides $48Million in Acquisition Financing to Montgomery County Housing Opportunities Commission

Fintech News Desk
by Fintech News Desk0
Funding will finance three multifamily properties located in Bethesda, MD EagleBank, one of the largest community banks in the Washington, D.C. area, announced it provided $48,450,000 in acquisition financing to Montgomery County Housing Opportunities Commission (“HOC”) for three multifamily properties located in the Woodmont Triangle area of downtown Bethesda. The......
Auto Fintech Caribou Raises $115 Million in Series C Funding, Valuing Company at $1.1 Billion
Fintech News

Caribou Raises $115 Million in Series C Funding, Valuing Company at $1.1 Billion

Fintech News Desk
by Fintech News Desk0
Funding round led by existing investor Goldman Sachs Asset Management Caribou, the auto fintech whose mission is to help people take control of their car payments, announced it has closed $115 million in an oversubscribed Series C funding round, which brings the company’s valuation to $1.1 billion. The round was......
Midland States Bancorp Expands Banking-as-a-Service Initiative with Synctera Partnership
Banking News

Midland States Bancorp Expands Banking-as-a-Service Initiative with Synctera Partnership

Fintech News Desk
by Fintech News Desk0
Midland States Bancorp, Inc. announced a new partnership with Synctera, who provides consulting and a technology platform that connects banks with fintech partners. Midland expects to use its partnership with Synctera to focus primarily on developing fintech partnerships that will contribute low-cost deposits and increase the number of customers using......
Unifimoney Secures $10 Million Seed Investment For Its Turnkey Digital Wealth Management Platform
Cryptocurrency Investment Services News

Unifimoney Secures $10 Million Seed Investment For Its Turnkey Digital Wealth Management Platform

Fintech News Desk
by Fintech News Desk0
The investment will drive Unifimoney’s product development and operations, extending support of alternative assets including cryptocurrency and blockchain based services Unifimoney Inc., a turnkey digital wealth management platform for Community Banks and Credit Unions, announced a $10m Seed round. Unifimoney’s platform offers a comprehensive digital wealth management platform with trading of over......
Community Banks See Value Migrating to Finastra’s Fusion Phoenix Modern, Open Core Banking System
Banking News

Finastra’s Fusion Phoenix Continues to Transform Community Banking with Open Core Banking System

Fintech Staff Writer
by Fintech Staff Writer0
Among the migrations recently completed or underway, banks are already seeing material results Finastra announced that 27 community bank customers are working with Finastra to upgrade their legacy core banking solutions to Fusion Phoenix. This is in addition to 15 banks which went live last year. Among the banks that have......
MeridianLink Announces Agreement to Acquire StreetShares
Lending News

MeridianLink Announces Agreement to Acquire StreetShares

Fintech News Desk
by Fintech News Desk0
Acquisition will expand small business lending capabilities MeridianLink, Inc., a leading provider of modern software platforms for financial institutions and consumer reporting agencies, announced that it has entered into an agreement to acquire StreetShares, a mission-driven financial technology company that provides digital small business lending technology to banks and credit......
State Bank of Texas Ranks as Top-Performing Community Bank in Nation
Banking News

State Bank of Texas Ranks as Top-Performing Community Bank in the Nation

Fintech News Desk
by Fintech News Desk0
Recognition among all community banks between $100 million and $10 billion in assets State Bank of Texas, the nation’s leader in hospitality lending, is reporting its 2021 year-end results with a net profit of $50 million and total assets of $1.35 billion. The bank’s Return on Average Assets (ROAA) is......
HC3 Acquires AutoMail to Expand Statement and Communication Automation for Community Banks and Credit Unions
Finance News

HC3 Acquires AutoMail to Expand Statement and Communication Automation

Fintech News Desk
by Fintech News Desk0
Acquisition doubles capacity to design, print, and mail critical customer communications for financial institutions and other industries nationwide HC3, a data-driven technology company delivering customer communications, has acquired Jonesboro, Ark.-based AutoMail and DOC (Document Output Center), positioning HC3 as the leading provider of statement and critical communications services for financial......
MOCA Financial Partners with Vertifi to Offer Remote Deposit Capture Services
Digital Payments News

MOCA Financial Partners with Vertifi to Offer Remote Deposit Capture Services

Fintech News Desk
by Fintech News Desk0
Integrating Vertifi’s remote deposit capture into its payment platform represents a new level of convenience for MOCA’s financial institution and fintech clients and their customers MOCA, a Digital-First Next-Generation Card-Based Payment Platform provider, is pleased to announce that it has partnered with Vertifi, an industry-leading digital payments developer, to provide Vertifi’s......
Deposits.com Selects MX to Advance the Pace of Financial Inclusion in Underserved Communities
Banking News

Deposits.com Selects MX to Advance the Pace of Financial Inclusion in Underserved Communities

Fintech News Desk
by Fintech News Desk0
Partnership to reshape banking access for customers and underserved communities by providing easier access, insights, and support to reach financial goals MX, the financial data platform and leader in modern connectivity, announced that Deposits.com, a trailblazing financial technology and customer experience platform that “makes money more awesome,” has chosen MX......
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