Banking & Financial Services News
Get a balanced look at what’s new in the banking and financial services industry. This section features information about commercial banking services and products, credit unions, credit card companies, cryptocurrency, compliance issues and news from banking and financial service companies.
iGrad and Grand Valley State University Provide Financial Literacy Education to TRIO Students
Grand Valley State University and iGrad partner to provide college students with interactive financial literacy education. - February 15, 2021 - iGrad
Sundie Seefried Ends Career as CEO of Partner Colorado Credit Union to Lead New Cannabis Company
Sundie Seefried Chooses to End Career as CEO of Partner Colorado to Lead New Cannabis Company - February 12, 2021 - Partner Colorado Credit Union
Meadows Bank Total Loans Increase 24.4% and Deposits Increase 20.8%
Meadows Bank, headquartered in Las Vegas, NV, today released its year-end 12/31/2020 unaudited financials. The most notable numbers for the period were Total Loans and Total Deposits. Total Loans as of December 31, 2020 were $1.0 billion, a 24.4% growth or $196.7 million over loans outstanding at... - February 09, 2021 - Meadows Bank
Spektral Investment Bank to Acquire Shares of BTCBAM
Spektral Investment Bank, a recently founded investment bank with 800 million EU paid in kind capital that is composed of exclusive licenses of pharmaceutical drug patents and valuated mining licenses have concluded an acquisition deal with BtcBam team, a renowned software company that owns 7... - February 09, 2021 - Spektral Investment Bank
CompassMSP Announces Expansion Into New England and a New CEO
CompassMSP marks their next phase of growth, acquiring IT Direct, an IT services company headquartered in Hartford, CT while also announcing IT Direct Founder and CEO, Ari Santiago, as CEO for the expanded organization. - February 08, 2021 - CompassMSP
Spencer Savings Bank Announces Results of 2021 Annual Meeting, Welcomes New Board Members
Spencer Savings Bank, a leading New Jersey-based community bank, announced that its 2021 Annual Meeting was held on Thursday, January 21, 2021. At the meeting, Peter J. Hayes was re-elected to the bank’s Board of Directors, for a term of three years. The bank also welcomed two new board... - February 07, 2021 - Spencer Savings Bank
Strong Growth Drives SkySparc to Fifth "Gazelle" Award
SkySparc, an independent solutions provider, has been recognized for the fifth time as one of Sweden’s fastest growing companies by Dagens Industri, the leading financial newspaper. - February 04, 2021 - SkySparc
BDA Advises Kim Dental on US$24M Series B Capital Raise Led by Asia Impact Investor ABC World Asia
BDA Partners is pleased to announce that its client, Kim Dental, Vietnam’s largest private dental care platform, has raised US$24m in Series B round. The investment was led by ABC World Asia, a PE fund dedicated to impact investing across Asia, seeded by Temasek. Proceeds from the round,... - February 03, 2021 - BDA Partners Ltd
Medivest Celebrates 25 Years in Business with the Unveiling of a New Logo and Website
Medivest Benefit Advisors, Inc. (“Medivest”), a leader in Medicare Secondary Payer (MSP) services and settlement planning, proudly announces its 25th year in business. In celebration of this milestone, Medivest is debuting a new company logo and website today. Medivest’s new logo... - February 01, 2021 - Medivest
Tennessee Credit Union League Partners with LemonadeLXP to Help Credit Unions Upskill Remote and On-Site Staff
The Tennessee Credit Union League has partnered with LemonadeLXP, the learning experience and digital adoption platform for credit unions, to help its member organizations upskill staff and improve their member experiences. - February 01, 2021 - LemonadeLXP
Cal Coast Partners with Trust & Will to Offer Members Easy, Affordable Estate Planning
California Coast Credit Union partners with Trust and Will to offer its members easy and affordable estate planning. - January 30, 2021 - California Coast Credit Union
Spencer Savings Bank Appoints Kinga Mikos to Vice President, Director of Retail Administration
Spencer Savings Bank is pleased to announce the promotion of Kinga Mikos to the position of Vice President and Director of Retail Administration. Mikos will be responsible for leading and managing the Deposit Operations and Retail Service departments at the bank. Mikos brings over two decades of... - January 29, 2021 - Spencer Savings Bank
The Ether-1 Network, a Cheaper Alternative to Ethereum, Takes Step Into DeFi Universe as Team Unveils Plan to Deploy Uniswap Clone & Begin On-Boarding DeFI Projects
The team behind core development at Ether-1 just announced plans to deploy a Uniswap clone and will begin on-boarding decentralized finance projects onto the network. This comes at a much needed time in the Ethereum universe as gas prices and transaction fees skyrocket making the Ethereum network... - January 28, 2021 - Ether-1
DekaBank Enters Multi-Year Partnership with SkySparc
SkySparc, an independent solutions provider, has entered into a multi-year master agreement to provide Wallstreet Suite (WSS) services to DekaBank, the centralized asset management service provider for Germany’s Sparkassen public savings banks. - January 27, 2021 - SkySparc
iGrad Launches Debt Letter Initiative as Part of Student Financial Wellness Program
Dickinson College becomes the first school to use iGrad's new student loan debt letter service in conjunction with the interactive student financial wellness platform. - January 26, 2021 - iGrad
Honda Federal Credit Union Partners with iGrad to Offer the Enrich Financial Wellness Platform to Its Nearly 70,000 Members
Honda Federal Credit Union will integrate iGrad's interactive Enrich financial wellness platform into offering for all credit union members. - January 25, 2021 - iGrad
The Danos Group Launch the 2021 Charity Challenge and Partnership with Leadership Through Sport & Business (LTSB), Social Mobility Charity
The leading specialist recruitment firm, the Danos Group, is pleased to announce an exciting partnership with Leadership Through Sport & Business (LTSB), a social mobility charity that prepares and supports bright young people from disadvantaged backgrounds into meaningful roles within Business... - January 23, 2021 - Danos Group
Kevin Sarney Joins Charles River CFO to Lead Life Sciences Practice
Charles River CFO, Inc. (CRCFO), a provider of part-time and interim CFO and accounting services, today announced Kevin Sarney has joined the leadership team as the Life Sciences Practice Leader and CFO. With over 20 years of experience in public and private life sciences companies, Kevin will lead... - January 21, 2021 - Charles River CFO
MarketDesk to Host Extended FactEntry Trial of Their Evaluated Price Service (EVP)
MarketDesk, the revolutionary market data sales channel, announced today it will host an extended 30-day free trial of the FactEntry Evaluated Price Service (EVP) for new customers. The FactEntry trial of its Evaluated Price Service (EVP) is available through the MarketDesk platform. With... - January 21, 2021 - MarketDesk
Eltropy, SWBC Join Forces to Offer Text Payments
Partnership Will Provide First-Ever Enterprise-Wide Text Payments Solution Designed Specifically for Credit Unions - January 17, 2021 - Eltropy
NAFA Welcomes 2021 Board of Directors
Board Grows as New Electees Look to Drive Engagement through Continued Innovation and Annuity Leadership - January 16, 2021 - NAFA, National Association for Fixed Annuities
ALSEGO’s New Automated AML Reporting Solution for Luxembourgish Banks
ALSEGO's new AML Reporting solution for financial institutions in Luxembourg concerned with the CSSF's CEDRS. - January 16, 2021 - ALSEGO
Miller Architects & Builders Starts Construction on Liberty Bank Minnesota Branch Bank in Big Lake, Minnesota
Liberty Bank Minnesota opening a new branch back in Big Lake, Minnesota in the Spring of 2021. Miller Architects & Builders is providing architectural and construction services. - January 15, 2021 - Miller Architects & Builders
Private Placement Markets Has Begun Offering Its "EquityLock Commercial Value Protection Plans"
Private Placement Markets today announced that its popular Commercial Real Estate Equity Protection plans are again available. - January 14, 2021 - Steve Muehler
Residence Clubs International, Inc. Announces $50 Million Investment from Alfie Best, Chairman of Wyldecrest Parks
Residence Clubs International, Inc. CEO Craig Williamson is pleased to announce the sale of a portion of ResClubs® to British businessman and philanthropist Alfie Best. With the ResClubs’ innovative program patent pending, mobile app partnership with Hudini and infinitWiFi, and its one-year beta test with live members completed in 2020, the company now has its capital partner in place and is moving ahead with its expansion. - January 13, 2021 - ResClub
LemonadeLXP and PlainsCapital Bank Win Bronze for Advance in Gaming Technology at Brandon Hall Group Awards
LemonadeLXP, the learning experience and digital adoption platform for financial institutions, and PlainsCapital Bank have won Bronze for Best Advance in Gaming or Simulation Technology at the 2020 Brandon Hall Group Excellence in Technology Awards. “The vision for LemonadeLXP was to morph... - January 09, 2021 - LemonadeLXP
Accomplished Retail & SME Lending Professional, Jayaraman V. Joins Praxis Advisory Network
Praxis Global Alliance, the global management consulting and advisory firm is pleased to announce that after a career of over two decades across various businesses in financial services, Jayaraman V. has joined as a Practice Leader in the Financial Services – Retail lending Practice. His vast... - January 08, 2021 - Praxis Global Alliance
The College Investor Ranks the Top Tax Software of 2021
2020 was a strange year for Americans, and the economic turmoil may yield some tough surprises at tax time. Fewer people than ever will have “simple” tax returns. That could lead to difficult tax filing and unexpected “upgrades” that require filers to pay extra. This year, more than ever, there is no "one-size-fits-all" for the best tax software. - January 04, 2021 - The College Investor
Private Placement Markets to Begin Offering SBA Loan Products in January 2021
Steve Muehler, Founder and President of Private Placement Markets, announced that the Firm will expand its Real Estate and Business Loan Operations by adding SBA Loan Products in January of 2021. - December 31, 2020 - Steve Muehler
TruDecision Appoints Auto Finance Veteran David Knightly to the Role of Chief Revenue Officer
TruDecision, Inc. (TruDecision) announced today that David Knightly, a seasoned auto finance executive, will assume the role of Chief Revenue Officer. TruDecision, a fintech company providing sophisticated analytic solutions to consumer lenders, has experienced significant growth over the last year... - December 30, 2020 - TruDecision Inc.
BDA Advises Platinum Equity on Sale of Compart to Shanghai Wanye
BDA Partners is pleased to announce that it advised Platinum Equity on the sale of Compart Systems (“Compart”) to Shanghai Wanye Enterprises (“Wanye”), an investor with over US$1bn assets, for an enterprise value of US$398m. BDA Partners was the exclusive financial advisor... - December 22, 2020 - BDA Partners Ltd
ASC Arranges $12.59 Million for Multifamily LIHTC Portfolio in Florida
American Street Capital (“ASC”) announced today that it has arranged $12.59 million in permanent loans for the acquisition of two LIHTC multifamily communities located in Florida. The first of the two deals include a $6,963,000 permanent loan for the acquisition of a 144-unit LIHTC... - December 19, 2020 - American Street Capital
Trillium Capital Resources Arranges $27 Million Financing for Two Multifamily Properties and a $37 Million Multifamily with HUD
Trillium Capital Resources, LLC is pleased to announce the successful closing of two new multifamily properties and the successful repricing of a $37 million HUD loan through the A7 program. Palm Bay Grand Apartments, located in Melbourne, FL contains 166 units and was financed with a $21 million... - December 19, 2020 - Trillium Capital Resources
Spencer Savings Bank Supports Mental Health Initiatives, Donates $7,500 to CBH Care
Spencer Savings Bank recently made a $7,500 donation to CBH Care, in support of mental health services in its community. The nonprofit organization is a leader in behavioral health care services for New Jersey and Bergen County, offering compassionate and mental health services to thousands in... - December 19, 2020 - Spencer Savings Bank
OnPay Solutions Partners with MetaViewer to Enable Supplier Payments Automation for Their Clients
OnPay Solutions has partnered with MetaViewer to expand its solutions suite to enable payments automation for future and existing clients. “This partnership brings together two powerful solutions to provide an automated, state-of-the-art procure-to-payment workflow,” said Nick Sprau, CEO and Chief Marketing Officer at Metafile Information Systems. “OnPay and MetaViewer together will help elevate accounts payable departments to become efficient, competitive and best-in-class." - December 19, 2020 - OnPay Solutions
BDA Advises Hyosung on the Sale of Hyosung Capital to ST Leaders
BDA Partners is pleased to announce that its client, Hyosung Corporation (“Hyosung”), has sold Hyosung Capital to ST Leaders Private Equity, an emerging Korean financial sponsor. Hyosung Capital is the specialized credit finance unit of Hyosung, focused on leasing and rental businesses... - December 18, 2020 - BDA Partners Ltd
United Capital Partners Sources $15MM Growth Capital Facility Offering
United Capital Partners sources $15MM in growth capital for an international based entity in the data storage industry. - December 18, 2020 - United Capital Partners
United Capital Partners Secures $25MM Revolving Line of Credit Offering
United Capital Partners secures $25MM line of credit for high growth telecom entity. - December 18, 2020 - United Capital Partners
Sundie Seefried Sheds Light on Banking Issues Facing Marijuana and Hemp Businesses in Colorado During Virtual Town Hall Meeting
Sundie Seefried, CEO of Partner Colorado Credit Union and founder of Safe Harbor Private Banking, was one of several distinguished panelists to participate in a virtual town hall meeting hosted by Colorado’s Department of Regulatory Agencies (DORA) to discuss financial services, insurance and... - December 18, 2020 - Partner Colorado Credit Union
Survey: 73% of Americans Support Biden's Plan to Forgive $10,000 in Student Loan Debt
Student loan forgiveness has become a hot-button political issue over the last few months. President-Elect Biden has proposed canceling $10,000 in student loan debt, while others want more. The College Investor surveyed 2,000 Americans, including those who don't have loans, to see how much they support canceling student loan debt. - December 17, 2020 - The College Investor
Secure File Transport by Cloud Maven, Inc., a New Salesforce AppExchange Application, Allows Transfer of Sensitive Data In and Out of Salesforce
Computer software and comprehensive solution creator and consultant Cloud Maven, Inc. announced the launch of Secure File Transport on Salesforce AppExchange. - December 15, 2020 - Cloud Maven
Kansas City Bankruptcy Attorney Explains Helpful Kansas Eviction Prevention Program
Landlords and tenants financially affected by the COVID pandemic may be eligible to receive rent assistance. Applications are due December 15. - December 10, 2020 - The Sader Law Firm
Private Placement Markets to Begin Residential Mortgage Operations in January of 2021
Steve Muehler today announced that Private Placement Markets will begin Residential Mortgage Operations in January of 2021. - December 10, 2020 - Steve Muehler
Bramasol Inc. and io-group L.P. Partner to Provide Optimized Solutions for Integrating Finance and Supply Chain Management
Bramasol, Inc. and io-group L.P. announce a new partnership focused on providing corporate clients with targeted solutions and consulting services for integrating and optimizing finance systems and supply chain management. In today’s globally competitive environment, companies need to take a... - December 09, 2020 - Bramasol
New Survey: 75% of Americans Are Familiar with Investing Apps, & Most Prefer a Monthly Fee Model
More Americans than ever are investing on their phones and leveraging new commission-free investing tools. But, how widespread is the adoption and how do consumers feel about these products and tools? The College Investor looks at the changing landscape of investing and how investors want to pay to trade stocks. - December 08, 2020 - The College Investor
Barron’s Honors iGrad/Enrich for Financial Empowerment
The Enrich and iGrad financial wellness platforms have received recognition from Barron's in its "Barron's Celebrates" initiative, where organizations were evaluated based on their purpose, scalability and effectiveness. - December 08, 2020 - iGrad
A-Team Group Names Winners of 2020 Data Management Insight Awards
A-Team Group announced the winners of its prestigious 2020 Data Management Insight Awards today. The annual awards, now in their eighth year, recognise leading providers of data management solutions, services and consultancy to capital markets participants. The award winners were announced online... - December 04, 2020 - A-Team Group
Cindy Nasser, PCV Murcor COO, Named to the Dean’s Advisory Council for Cal Poly Pomona’s College of Business Administration
PCV Murcor, a nationwide real estate valuations management company, is pleased to announce that Cindy Nasser, Chief Operating Officer, has been named to the Cal Poly Pomona – College of Business Administration’s Dean’s Advisory Council. The Dean’s Council serves as the... - December 03, 2020 - PCV Murcor
Private Placement Markets to Move Its Corporate Offices to Santa Monica, California
Steve Muehler today announced that Private Placement Markets will be moving its Corporate Offices to Santa Monica, California during the First Quarter of 2021. - December 03, 2020 - Steve Muehler
BDA Advises Flex and Escientia Life Sciences on Sale of Escientia to Deccan Fine Chemicals
BDA Partners is pleased to announce that its clients, Flex Ltd. and Escientia Life Sciences, have sold a controlling stake in Escientia to Deccan Fine Chemicals, a specialty chemicals manufacturer, based in Hyderabad, India. Terms of the transaction were not disclosed. Escientia has operations in... - November 24, 2020 - BDA Partners Ltd