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.
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
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
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
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
The Power of Two N-PAX and WingArc Partnership
N-PAX Philippines Inc. a technology company based in the Philippines and WingArc Singapore had recently announced their business partnership that will help strengthen business potentials of each company. - November 24, 2020 - N-PAX Philippines Inc.
Ju Juan Holman Recognized as a Woman of the Month for October 2020 by P.O.W.E.R. (Professional Organization of Women of Excellence Recognized)
Ju Juan Holman of Charlotte, North Carolina has been recognized as a Woman of the Month for October 2020 by P.O.W.E.R. (Professional Organization of Women of Excellence Recognized) for her outstanding contributions and achievements in the field of banking/financial services. Each month P.O.W.E.R. - November 24, 2020 - P.O.W.E.R. Professional Organization of Women of Excellence Recognized
SkySparc Hires AP2 / Virtusa Veteran to Lead WSS Services
SkySparc, an independent solutions provider, has appointed Henrik Crone, formerly chief technology officer at Swedish public pension fund AP2, to lead its Wallstreet Suite (WSS) practice. Crone will join SkySparc’s senior management team as Deputy CEO, and will have wide-ranging responsibilities across business development, sales and operations to further accelerate the firm’s growth and to develop its WSS services. - November 19, 2020 - SkySparc
Private Placement Markets Opens Its Pension Fund – Global Alternative Investment Advisory Division
Private Placement Markets today announced that it has opened its Pension Fund – Global Alternative Investment Advisory Division in Los Angeles. - November 19, 2020 - Steve Muehler
Evaluate Research Issues a New Update Note on United Bancorp, Inc.'s Q3 Earnings Results
Evaluate Research, an independent research firm, has issued an Update Note recently on United Bancorp, Inc., based in Martins Ferry, Ohio. Evaluate Research is the only firm actively researching United Bancorp. The complete Update Note can be downloaded from their website, www.evaluateresearch.com,... - November 18, 2020 - Evaluate Research
LemonadeLXP Introduces Ready-Made Digital Banking Curriculum
LemonadeLXP, the all-in-one learning experience platform for financial institutions, has released a curriculum to help financial institutions drive digital banking fluency amongst frontline staff. The curriculum provides training managers with a blueprint for assembling the ready-made training modules from LemonadeLXP’s courseware library, the Content Exchange, into an engaging digital baking training program. - November 16, 2020 - LemonadeLXP
California Coast Credit Union Helps Local Community Colleges with Pack the Pantry Food Drive
Cal Coast Credit Union is partnering with local community colleges as well as the North County Food Bank and San Diego Food Bank to stock the pantries at San Diego and Riverside County community colleges. Donations can be made at calcoastcu.org during November. - November 14, 2020 - California Coast Credit Union
Commonwealth Credit Union Offering Enrich and iGrad Financial Wellness Platform to Members and Students
Commonwealth Credit Union has partnered with San Diego-based financial education company iGrad to make the award-winning Enrich™ financial wellness platform and the student-focused iGrad™ financial wellness platform available to its members and all students at University of Louisville, Metropolitan College and Kentucky high schools. - November 12, 2020 - iGrad
Mike Hix Joins Meadows Bank as Executive Vice President, Senior Loan Officer in Northern Nevada
Meadows Bank announced that Mike Hix recently joined Meadows Bank as Executive Vice President, Senior Loan Officer in Northern Nevada. Mike is a native Nevadan with over 35 years of banking experience in Northern Nevada. Mike joins Meadows Bank most recently from Plumas Bank where he was Senior... - November 12, 2020 - Meadows Bank
Private Placement Markets’ “EquityLock Commercial” to be Available Throughout the United States and Canada
Private Placement Markets today announced that its fast-growing Commercial Equity Protection division will expand its operations starting in January of 2021 to include all of the United States and Canada. - November 12, 2020 - Steve Muehler
Meadows Bank Total Loans Increase 24%
Meadows Bank, headquartered in Las Vegas, NV, announced today that its Total Loans as of September 30, 2020 were $1.0 billion, a 24% growth or $195.8 million over loans outstanding at September 30, 2019. Total Deposits grew by $110.4 million from September 30, 2019 to $933.6 million at September... - November 10, 2020 - Meadows Bank
Joe Biden Elected President - Questions Loom About the Federal Estate Tax
The law firm of Morris Hall, PLLC (MH), the largest estate planning law firm in Arizona, congratulates Joe Biden on presumptively winning his bid to become President of the United States. With Mr. Biden’s election, there is ambiguity about the federal estate tax. Mr. Biden ran with a view... - November 09, 2020 - Morris Hall PLLC
Presidential Winner Still Unknown. The Nation Pauses, But Estate Planning Should Not.
The law firm of Morris Hall, PLLC (MH), the largest estate planning law firm in Arizona, has been watching the build up to the 2020 Presidential Election, and the current state is of no surprise. This is not a time to panic or worry, but rather a time to take advantage of the current tax... - November 05, 2020 - Morris Hall PLLC
A-Team Group Taking the Offensive with RegTech Summit Virtual 2020
Summit to explore how business and operating models are adapting post COVID and how RegTech can provide agile and enhanced compliance for managing an evolving risk and compliance landscape. - November 04, 2020 - A-Team Group
TovoData Launches; Offers the Largest, Multi-Sourced Real Estate, Mortgage and Property Ownership Database for SaaS & App Innovators
TovoData, the new real estate data division of iLeads.com, empowers Mortgage, Real Estate Services, Insurance Providers, Direct Marketers and more with fresh, accurate data. - October 29, 2020 - TovoData
iGrad’s Your Money Personality Receives 2020 Excellence in Financial Literacy Education Award from the Institute for Financial Literacy
"Your Money Personality™" - a financial behavior assessment used by Enrich and iGrad on their interactive financial wellness platforms, was recognized by the Institute for Financial Literacy with the 2020 Excellence in Financial Literacy Education (EIFLE) Adults’ Education Program of the Year award. - October 28, 2020 - iGrad
CompassMSP Expands Into Midwest with Acquisition of Chicago-Based Managed IT Services Provider MotherG
CompassMSP, LLC (CompassMSP), a leading managed IT service provider (MSP) with locations throughout the Northeastern US and Florida, today announced the acquisition of the assets of Mother Network Guardian LLC dba MotherG, an award-winning MSP in Chicago, IL. “We are excited to announce our... - October 21, 2020 - CompassMSP
Avionté Releases CHANGE, a Paycard Designed Specifically for the Staffing Industry
Avionté announces the launch of CHANGE, a paycard designed to benefit both the employee and the staffing firm’s bottom line. - October 21, 2020 - Avionte Staffing Software
Rick Foxx, CEO of Florida’s Reverse Mortgage Center Releases New Book: "Reverse Mortgages Made Simple"
Earlier this morning, Rick Foxx, CEO of Florida’s Reverse Mortgage Center, announced the release of his third book: "Reverse Mortgages Made Simple: Your guide to the NEW Reverse Mortgage and Retirement Security - Shattering the Myths, Misconceptions and Confusion about Reverse... - October 21, 2020 - Florida's Reverse Mortgage Center
Innovative New Franchise Opportunity Launched in Canada by Haystax Financial Inc.
Canada's mortgage landscape dramatically changed by introduction of a new, innovative, technology based franchise solution for mortgage brokers with the introduction of the Haystax Mortgage franchise model. - October 17, 2020 - Haystax Financial Inc.
Spencer Savings Bank Welcomes Ryan Peene as Senior Vice President and Director of Market Growth and Development
Spencer Savings Bank is pleased to welcome Ryan Peene as Senior Vice President and Director of Market Growth and Development. Peene will be in charge of leading and executing strategic growth strategies for the bank. Peene is an accomplished senior executive with years of experience in commercial... - October 17, 2020 - Spencer Savings Bank
Spencer Savings Bank Distributes $400,000 to Community for Pandemic Relief, Helps Save Businesses with Over $15M in PPP Commitment
Spencer Savings Bank recently distributed $400,000 to a variety of community members affected by the pandemic. A donation of $200,000 was made to local hospitals and nonprofits. Spencer was also able to provide, in conjunction with the Federal Home Loan Bank of NY, an additional $200,000 in grants... - October 15, 2020 - Spencer Savings Bank