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.
Sombei.com: Empowering Financial Futures with Comprehensive Personal Finance Insights
About Sombei.com: Sombei.com is a leading online platform dedicated to personal finance development. Launched in September, the platform provides valuable insights and well-researched articles on various financial topics, including mortgages, insurance, loans, and debt management. With a mission to empower individuals with the knowledge to make informed financial decisions, Sombei.com is a go-to resource for those seeking reliable information. - December 12, 2023 - Sombei.com
Spencer Savings Bank Honored by NJ Senate and General Assembly for Promoting Academic Excellence Through Its Scholarship Program
The New Jersey Senate and General Assembly honored Spencer Savings Bank for its scholarship program, recognizing its commitment to academic excellence. - December 09, 2023 - Spencer Savings Bank
The KYB Introduces Enhanced Fraud Prevention Solution to Help Businesses Combat Shell Company Partnerships
The KYB, a leading B2B due diligence solution provider, unveils fraud prevention technology to deter attacks and shell company partnerships. - December 06, 2023 - The KYB
The KYB Expands Its Reach to 250+ Countries - Offering B2B Verification Globally
The KYB, one of the fastest-growing business verification providers, is announcing the expansion of its operation across 250+ countries and territories. - December 06, 2023 - The KYB
Treasury Funds Home Loans, Inc. Annouces Home Loan Origination Fee Reduction Program
Treasury Funds Home Loans, Inc. offers their Home Loan Origination Fee Reduction Program starting December 1, 2023 through December 31, 2024. TFHL, Inc. is slashing its mortgage loan origination fees to just 1/2 a point, offering an unprecedented reduction for borrowers throughout the entire state of California. - December 01, 2023 - Treasury Funds Home Loans, Inc.
True North Advisors Announces New Fort Worth Office Expansion
True North announced today a milestone in the growth of the firm. The Fort Worth office will be expanding to a new, modern office space that reflects the firm’s commitment to innovation, fostering collaboration, and accommodating the evolving needs of clients, colleagues, and community partners in the Fort Worth market and beyond. - December 01, 2023 - True North Advisors
Abba Wallet, a Digital Wallet for Sending and Receiving Money Across Africa, Debuts on Google Play for Android Users
Abba Wallet is designed as a safer and secure platform, to give people in Africa a faster and lower-cost alternative platform for cross-border transactions. - November 30, 2023 - Abba Payments Ltd.
A-Team Group Announces Winners of Its Data Management Insight Awards Europe 2023
A-Team Group has announced the winners of its Data Management Insight Awards Europe 2023. The awards recognise both established solution vendors and innovative newcomers providing leading data management solutions, services and consultancy to capital markets participants across Europe. This... - November 30, 2023 - A-Team Group
Spencer Savings Bank to Open New Financial Center in Edison
Spencer Savings Bank plans to open a new financial center in Edison, NJ, expected to open in December at 3900 Park Ave. (Ste. 108). - November 18, 2023 - Spencer Savings Bank
Spencer Savings Bank Welcomes New Hackensack Financial Center Manager
Spencer Savings Bank has appointed Yuber Calzadilla as the new Financial Center Manager at its Hackensack location, responsible for customer relationship development, community engagement, and daily operations. - November 10, 2023 - Spencer Savings Bank
Republic Financial Services Establishes New Heights in Phoenix Financial District with US Bank Tower Relocation
Republic Financial Services, a vanguard in the finance and legal sectors, proudly announces their strategic relocation to the iconic 101 North Tower, a landmark moment signifying their meteoric growth and commitment to pioneering innovations in legal and financial services. Under the dynamic... - November 08, 2023 - Republic Financial Services
Principia Names Douglas Long CEO
Principia Partners LLC, a leading solution provider for derivative and fixed income operations, today announced the appointment of Dr. Douglas V. Long as Chief Executive Officer. Dr. Long succeeds Theresa L. Adams, who has led the company for over 25 years. Ms. Adams will remain as Chairperson. Dr. - November 08, 2023 - Principia Partners LLC
Abba Payments, the Developer of Abba Wallet, Names Julius T. Gbayange as President
Abba Wallet, as a peer-to-peer mobile payment platform, offers an extensive range of tools within a single, super everything app, allowing over 1.2 billion potential users across Africa and beyond to effortlessly send and receive money or crowdraise funds for their urgent needs from families, friends and colleagues, or even receive crowdfunding support from the community. - November 04, 2023 - Abba Payments Ltd.
BDA Advises Servion Global Solutions on Sale to EMK Capital
BDA Partners is pleased to announce that its client, Servion Global Solutions, a portfolio company of Everstone Capital, has been acquired by EMK Capital. Servion is a leading independent technology-agnostic provider of Customer Experience (CX) and Digital Engineering solutions. BDA Partners acted... - November 03, 2023 - BDA Partners Ltd
Tennessee-Based Title Agency Enters Florida Market with Acquisition
Mid South Title Services, LLC Acquires Wauchula Abstract & Title Co. and DeSoto Abstract & Title Co., Expanding Reach Into the Florida Market - November 01, 2023 - Mid South Title
QURECA Partners with Moody‘s to Develop "Quantum Computing for Quants" Training Course
QURECA, a leading quantum technology education and training solutions provider, is excited to announce a strategic partnership with Moody's Analytics to create a comprehensive training course, "Quantum Computing for Quants.” This initiative marks a significant step towards bridging the... - October 31, 2023 - QURECA
FOREXer Limited Awarded Top 100 Trusted Financial Institution in the Middle East
FOREXer Limited, a leading name in the financial industry, has proudly secured its position as one of the Top 100 Trusted Financial Institutions in the Middle East. This prestigious recognition was conferred at the Middle East Financial Markets Awards Ceremony in Dubai on September 24, 2023. - October 18, 2023 - FOREXer LLC Rep.
Digital Asset Research Announces October 2023 Crypto Exchange Vetting Results
DAR’s vetting processes bring institutional-level diligence to crypto markets and the latest vetting process results in 19 Vetted Spot Exchanges. - October 17, 2023 - Digital Asset Research
Abba Payments Ltd. Repositions Fintech Industry in Africa, Unveils the Launch of Abba Wallet
Abba Wallet offers zero deductions from account balances, no monthly fees, no hidden charges, easy access to your cash anytime, send and receive money in real-time, crowd raise funds for immediate needs and more. - October 13, 2023 - Abba Payments Ltd.
Angelo State University Launches iGrad Student Financial Literacy Platform
Multiple studies have shown that financially literate college students are more likely to graduate, perform better academically, experience less stress, have lower student loan debt and be more prepared for student loan payments after graduation. - October 05, 2023 - iGrad
New Jersey Association of Professional Mediators Seminar on November 3 Celebrates the Organization's 30th Anniversary with an Outstanding Lineup of Speakers and Panelists
The NJAPM Fall Conference features valuable information for all attendees about how to enhance their mediation practice with AI and expert advice to seek out when mediating. - October 04, 2023 - New Jersey Association of Professional Mediators
Student Loan Repayments to Resume in October: My Education Solutions Provides Student Loan Management Services for Borrowers Pressed for Time and Money
After a three-year pause, over 43 million Americans who have student loans are required to resume repayments in October. For many, adding a large expense to their monthly budget will make it difficult for them to buy homes, start businesses, and save for retirement. Foregoing monthly payments has become a serious consideration by many borrowers. However, there are options that should be considered first, including the use of Student Loan Management Firms such as My Education Solutions. - September 29, 2023 - My Education Solutions
A-Team Group Announces the Winners of Its Data Management Insight Awards - USA 2023
A-Team Group has announced the winners of its Data Management Insight Awards - USA 2023. The awards recognise both established solution vendors and innovative newcomers providing leading data management solutions, services and consultancy to capital markets participants across the USA. - September 28, 2023 - A-Team Group
CHOICE Humanitarian Collaborates with Visa and Human-I-T to Bring Technological Advancement to the Navajo Nation
Donated laptops bring accessibility and opportunities to Navajo community members in rural areas. - September 26, 2023 - CHOICE Humanitarian
Florida's VA Mortgage Center Expands to New Tampa Office
Florida's VA Mortgage Center (FLVMC) has announced their expansion to a new office in Tampa, to better serve the Florida Veteran and Active military population near MacDill AFB. - September 22, 2023 - Florida's VA Mortgage Center
Spencer Savings Bank Welcomes Sergio Musacchio as Senior Vice President and Director of Small Business Finance
Spencer Savings Bank has appointed Sergio Musacchio as Senior Vice President and Director of Small Business Finance, overseeing the bank's Small Business Lending division, implementing new lending products, maintaining a strong credit culture, and promoting team development. - September 22, 2023 - Spencer Savings Bank
Las Vegas Executive Association Explores Financial Insights at the Federal Reserve Bank Branch in Los Angeles
The Las Vegas Executive Association (LVEA) embarked on a knowledge-enhancing expedition as they visited the Federal Reserve Bank Branch in Los Angeles on Tuesday, August 22. The visit aimed to foster a deeper understanding of the financial landscape, economic policies, and the intricate workings of... - September 13, 2023 - Las Vegas Executives Association
Skyward Credit Union Celebrates 25th Anniversary of Lisa Reed, VP Independence Branch
Skyward Credit Union is proud to announce the 25th anniversary for Lisa Reed, Vice President of the Independence Branch. Skyward congratulates her on her accomplishments and dedication in supporting the community of Independence and surrounding area. Lisa has contributed to the credit... - September 13, 2023 - Skyward Credit Union
Bookminders Honored as a Top Workplace Two Years Running - Further Recognized as the Best in Efficient, Effective Work
For the second year in a row, Bookminders has been designated a Top Workplace by the Pittsburgh Post-Gazette. The organization ranked 2nd out of 61 businesses in the small company category. Bookminders was further honored with a special award recognizing effective and efficient processes, standing out among 100 companies across all divisions. The company's performance also resulted in the award of every culture badge available through this assessment. - September 10, 2023 - Bookminders Pittsburgh
BDA Advises Endeavour United on Sale of Crefact to Hiruta Kogyo
BDA Partners is pleased to announce that its client, Endeavour United, has agreed to sell Crefact to Hiruta Kogyo. The transaction is expected to close later in Q3 2023, subject to regulatory requirements and other customary closing conditions. Crefact, headquartered in Okayama, Japan, is a... - September 05, 2023 - BDA Partners Ltd
PCV Murcor Announces Marc Tatarcuk as Vice President of National Sales
PCV Murcor, a nationwide real estate valuations management company, is pleased to announce the hiring of Marc Tatarcuk to serve as Vice President of National Sales. Tatarcuk, with over 20 years in the real estate and financial services industries, will be responsible for overseeing and guiding the... - September 05, 2023 - PCV Murcor
Canada’s Weyburn Credit Union Teams Up with iGrad to Offer the Enrich Personalized Financial Wellness Program to Its Members
Enrich, which is used globally by more than 20,000 employers and more than 300 financial institutions, seeks to lower financial stress in a measurable way. - August 31, 2023 - iGrad
California Coast Credit Union Names Robert Whitton V.P. Branch Network
California Coast Credit Union, the longest serving financial institution based in San Diego, with over $3.5 billion in assets, has named Robert Whitton as Vice President of Branch Network. In his role at Cal Coast, Whitton will be responsible for the oversight, coordination, and efficiency of... - August 28, 2023 - California Coast Credit Union
NAFA Advocates Against Regulatory Overreach in SEC v. Cutter Amicus Filing
Brief Seeks to Protect Fixed Annuity Industry and Its Customers - August 25, 2023 - NAFA, National Association for Fixed Annuities
California Coast Credit Union Names Kellen Gill Chief Audit and Risk Officer
California Coast Credit Union, the longest serving financial institution based in San Diego, with over $3.5 billion in assets, has named Kellen Gill as Chief Audit and Risk Officer. In his role at Cal Coast, Gill will oversee internal audit, compliance, risk management, and legal for the credit... - August 25, 2023 - California Coast Credit Union
JKS Financial Advisors Named Forbes Best-in-State Top Financial Security Professionals
Dan Jenkins & Geoffrey Kasse rank on Forbes and SHOOK Research annual list of industry professionals - August 21, 2023 - JKS Financial
Chris Swendseid Named Chief Executive Officer, Julie Brutch Named Chief Lending Officer and Diane York Named Chief Financial Officer of Meadows Bank
Meadows Bank is pleased to announce that Chris Swendseid has accepted the position of Chief Executive Officer (CEO), Julie Brutch has been named Chief Lending Officer (CLO) and Diane York is the new Chief Financial Officer (CFO). - August 16, 2023 - Meadows Bank
BDA Advises Cornell Capital-Backed Lorom on Merger with In-Tech
BDA Partners is pleased to announce that its client, Cornell Capital, has merged its portfolio company, Lorom Holding Co, with In-Tech Holdings. - August 15, 2023 - BDA Partners Ltd
BDA Advises Advantage Partners on Sale of Wavedash to Vivid Seats
BDA Partners is pleased to announce that the funds advised by its client, Advantage Partners, have agreed to sell WD Holdings, the holding company of Wavedash to Vivid Seats. - August 08, 2023 - BDA Partners Ltd
Concord Servicing Names Kyle Derry as Chief Operating Officer
In his new role as COO, Derry will manage daily operations at Concord while implementing growth strategies to help the company meet its business objectives. - August 03, 2023 - Concord Servicing
BDA Advises Sherwin-Williams on Sale of China Architecture Paint Business to AkzoNobel
BDA Partners is pleased to announce that its client, The Sherwin-Williams Company (NYSE: SHW), has completed the divestment of its China architecture paint business, under the brand name Huarun in China, to global coatings company Akzo Nobel NV (ENXTAM:AKZA). The business is one of the leading... - August 02, 2023 - BDA Partners Ltd
BDA Advises on the Sale of MFS Technology to Victory Giant Technology
BDA Partners is pleased to announce that its client, Tree House Limited (“THL”), has entered into an agreement with Victory Giant Technology (“Victory Giant”) for the sale of MFS Technology (“MFS”) for an enterprise value of up to US$460m. BDA Partners advised... - July 31, 2023 - BDA Partners Ltd
Concord Servicing Acquires Arizona-Based Loan Servicer Equiant
As the loan servicing industry continues to consolidate, leaders at Concord and Equiant see this acquisition as the catalyst that will help them drive strategic growth – and serve their customers more efficiently and effectively. - July 31, 2023 - Concord Servicing
Local Banker Completes PA Bankers Association's School of Commercial Lending
Mars Bank’s Jennifer Klein, Assistant Vice President, Commercial Banking, recently completed coursework at the 2023 Pennsylvania Bankers Association (PA Bankers) School of Commercial Lending. - July 29, 2023 - Mars Bank
Spencer Savings Bank Awards $37,500 in Scholarships to Local High School Students
Spencer Savings Bank has awarded $37,500 in scholarships to local high school graduates in New Jersey, each receiving a $1,500 scholarship for college tuition assistance. The bank's scholarship program, which began in 2002, has awarded over $600,000 to deserving students since then. The Class of 2023 received certificates and attended a scholarship ceremony at the bank's financial center in Elmwood Park, NJ. - July 26, 2023 - Spencer Savings Bank
Wigen Financial Services LLC, and Founder James R. Wigen Announces Name Change to Independent Financial Management LLC or IFM
Wigen Financial Services LLC, a registered investment advisor representative announced today that it has changed its name to Independent Financial Management LLC or IFM. Founder of IFM, James R. Wigen, changed the name to better represent the growth his company will experience with hiring new financial advisors, and did not want them growing their business under his last name. - July 24, 2023 - Independent Financial Management LLC
BDA Wins Investment Banking Firm of the Year and Leadership Award
BDA Partners is pleased to have won Investment Banking Firm of the Year at the 14th Annual International M&A Awards. BDA Managing Partner, Euan Rellie, was awarded the 2023 M&A Advisor Leadership Award. These awards are judged by the M&A Advisor, the world’s premier leadership... - July 21, 2023 - BDA Partners Ltd
Leadership GBA Board of Directors Elects and Installs Officers and Directors
Members of the Georgia Bankers Association have elected and installed officers and five new members to the Leadership GBA Board of Directors for the 2023-2024 program year. Kelly Smith, senior vice president at First National Bank of Griffin, was installed as chair. Members elected Brad Sheffield, senior vice president and regional retail sales manager at Synovus Bank in Statesboro, as chair-elect. Bill Hogan, senior credit officer at Northeast Georgia Bank in Lavonia, was elected vice chair. - July 20, 2023 - Georgia Bankers Association
Indiana University Online Launches iGrad Student Financial Literacy Platform
Research shows that student financial literacy programs like iGrad can decrease financial stress, improve academic performance and teach students how to manage their finances for a lifetime. - July 17, 2023 - iGrad
iGrad Partners with Foot Locker to Offer Enrich Personalized Financial Wellness Program to Almost 50,000 Global Employees
Enrich is one of the only financial wellness programs to offer a global product that allows multinational employers to implement one consistent, highly personalized financial wellness solution for employees in different countries. - July 14, 2023 - iGrad