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.
Texas Trust Awards Two MISD Seniors with $4,000 Scholarships
Texas Trust Credit Union has awarded $8,000 in college scholarships to two Mansfield ISD graduating seniors, one from Mansfield High School and the other from Lake Ridge High School. The Texas Trust MISD Fine Arts and Engineering Scholarships provide $1,000 per year for the next four... - June 07, 2017 - Texas Trust Credit Union
Trinity Street Capital Partners Announces the Origination of a High Leverage, Non-Recourse, Commercial Mortgage & Preferred Equity on Knoxville, TN Multifamily Property
Trinity Street Capital Partners, a full service real estate investment bank, announces the origination of a non-recourse, senior commercial mortgage and a preferred equity investment, utilized for the acquisition of a 180 unit, garden style apartment complex located in the Park City section of Knoxville, TN. - June 06, 2017 - Trinity Street Capital Partners
Global Debt Registry Appoints Charlie Moore as President
Leading FinTech firm continues growth momentum, deepening leadership expertise amidst partnership network expansion. - June 04, 2017 - Global Debt Registry
Mars National Bancorp, Inc. Elects New Board Officers
Mars National Bancorp elected new board officers to fill the vacated positions of Dallas C. Hipple (retiring as Chairman) and R. Bruce Mensch (retiring as Secretary). Janet L. van Buskirk Balentine was elected Chairman. Board member J. Jay Their was elected Vice Chairman. In addition, Michael J. Kirk, was elected Secretary. - June 03, 2017 - Mars Bank
Quisk Begins Deployment of Blockchain Technology
The Addition of Blockchain Distributed Ledger Improves Data Security and Integrity for Merchant Settlement, Core Banking Reconciliation,and Cross Border Remittances for Quisk’s Financial Institution Customers Quisk,Inc., headquartered in Silicon Valley and provider of a secure digitized cash... - June 03, 2017 - Quisk, Inc.
AISD’s Jones Academy Unveils Outdoor Performing Arts Theater Made Possible by Texas Trust Credit Union
The Jones Academy outdoor theater was funded through Texas Trust's Spirit Debit Reward program. - June 01, 2017 - Texas Trust Credit Union
SkySparc Continues Investment in Outsourced Support Service with New Hire
SkySparc, the leading independent provider of solutions for Wallstreet Suite users, is delighted to announce the recruitment of Sam Cooley. - June 01, 2017 - SkySparc
Academy of Practical Accounts Announces New Free 90 Minute Training
90 minutes of Video, Documents and Software-based training regarding the recording of 9 types of Documents. Plus the extraction of a Trial Balance, Profit and Loss account & Balance Sheet. Using a Free Accounts App. - May 31, 2017 - Academy of Practical Accounts
Cornerstone Financial Corporation Completes 10 - 1 Reverse Stock Split
Cornerstone Financial Corporation (OTC “CFIC” and “CFICD”), the holding company for Cornerstone Bank, announced that effective today, the company finalized a 10 - 1 Reverse Stock Split. As a result, the Company’s stockholders will receive one new share of the... - May 31, 2017 - Cornerstone Financial Corp
Georgia Banks’ Earnings Up 6.2 Percent in First Quarter
Georgia’s 181 FDIC-insured financial institutions earned $764 million during the first quarter of this year, up 6.2 percent over the same period in 2016. Loan growth was modest at 2.4 percent, and deposits were up 4.2 percent. Capital levels remained good, as well. Also of note from the... - May 27, 2017 - Georgia Bankers Association
Moneyto Ltd Introduces a Single Tariff for Online Transfers to Europe and the CIS
Moneyto has reduced fee for online transfers at most popular directions: online transfers are now even more profitable. Now the fee for transfers to Europe, the CIS and Georgia is only 0,49%, min. 1 pound. Moneyto transfers can be paid out in one of many payout locations in Europe and the CIS:... - May 26, 2017 - Moneyto
Castle Placement Named Exclusive Agent - $10 Million Capital Raise - Virtual Receptionist Technology
Virtual Communications Corporation (VCC) announced today that it has engaged Castle Placement as its exclusive placement agent to raise $10 million of capital. Proceeds will be used by VCC to further develop, market and expand its patented virtual receptionist technology business. VCC's main product is Alice Virtual Receptionist. - May 25, 2017 - Castle Placement
Louisiana’s ASI Federal Credit Union Moves Its ATM Fleet to Dolphin Debit
ATM outsourcing is a growing trend among financial institutions, especially credit unions. - May 25, 2017 - Dolphin Debit
Qualtrust Credit Union Members Give Green Light to Merger with Texas Trust Credit Union
Members of Qualtrust Credit Union have agreed to merge with Texas Trust Credit Union. Qualtrust members voted on May 18 in favor of the merger, allowing the two credit unions to join forces. The merger has been approved by the National Credit Union Administration and the Texas Credit Union... - May 24, 2017 - Texas Trust Credit Union
Madison Street Capital Arranges Line of Credit for Maintenance Systems Management, Inc.
International investment banking firm Madison Street Capital (MSC) acted as the exclusive financial advisor in arranging a line of credit for its client, Maintenance Systems Management, Inc. (MSM). The facility was provided by Sterling Commercial Credit. The transaction was announced today by... - May 23, 2017 - Madison Street Capital
DBS Building Solutions 5th Janitorial Services Location in Pennsylvania
DBS Building Solutions Opens 5th Location. - May 20, 2017 - DBS Building Solutions
PrivatePlus Grows New Savannah Office with Addition of Dean Phillips
Dean Phillips joins Atlanta-based national mortgage organization as Vice President, South Georgia Production Manager, leading the new Savannah office. - May 19, 2017 - PrivatePlus Mortgage
SAFE Federal Credit Union Names Jennifer Michaels VP of Risk Management
SAFE Federal Credit Union has named Jennifer Michaels its Vice President of risk management, a new position at the credit union. Michaels is a lawyer who most recently served as general counsel and compliance director at Park Community Credit Union in Kentucky. At SAFE, she oversees information... - May 19, 2017 - SAFE Federal Credit Union
Security Card Services Signs Eight New Bank Partners During Q1 2017
Security Card Services, the largest provider of technology enabled payment processing solutions that sells to community and regional banks only, added eight new bank partners in the first quarter of 2017. The new bank partners are as follows: -First National Bank of Scotia -South Central... - May 19, 2017 - Security Card Services
Telindus and IntellectEU Have Developed SmartMatch, a Blockchain-Based Solution Enabling the Reconciliation, Matching and Resolution of Transactions
Telindus and IntellectEU will make a live demo of the SmartMatch at the Hyperledger Mini Summit during Consensus 2017 in New York on May 22nd-24th 2017. - May 18, 2017 - IntellectEU
Protect Yourself for Free: Local Law Firm Launches “Insurance Detective” Program
Green Law Firm announces initiative to uncover hidden mysteries in your insurance policy. - May 17, 2017 - Green Law Firm
Madison Street Capital Names Head of International Advisory Group
Madison Street Capital is pleased to announce that Joseph Alioto has joined the firm as Managing Director and will head the International Advisory Group (IAG). In this role, Mr. Alioto will work on the execution of Madison Street Capital’s global strategy, deepen client relationships and... - May 17, 2017 - Madison Street Capital
American Receivable Corporation Remains #1 for Third Consecutive Year
For the third consecutive year, Top Ten Reviews has ranked American Receivable as the #1 factoring company in the U.S. American Receivable was one of the first factoring companies in the DFW metroplex, and for the last 39 years, American Receivable has provided cash flow solutions to businesses... - May 17, 2017 - American Receivable Corporation
PrivatePlus Grows New Savannah Office with Addition of Tammy Smith
Tammy Smith joins Atlanta-based national mortgage organization as Vice President and Mortgage Banker in firm's new Savannah office. - May 16, 2017 - PrivatePlus Mortgage
University of Kentucky Expands Financial Wellness with iGrad Exploratory Center
University of Kentucky's state-of-the-art Student Financial Wellness Center launches a new iGrad Exploratory Center where the interactive iGrad Financial Literacy Platform will be accessible to all students. - May 16, 2017 - iGrad
Novation Holdings Inc. Acquires FinTech Company for Healthcare Providers
Novation Holdings Inc., (OTC PINK SHEETS - NOHO), (the "Company"), has acquired 100% of Capital Resource Authority, Inc. with ability to offer a first of its kind cash and credit access system for providing capital to Healthcare providers nationwide to include every imaginable medical or... - May 15, 2017 - Novation Holdings Inc
Cornerstone Bank, Moorestown, New Jersey Announces Termination of Regulatory Order
Announcement of Lifting of Regulatory Order - May 12, 2017 - Cornerstone Financial Corp
Enterprise Ethereum Alliance Adds Digital Identity Startup, Trust Stamp, to Its Membership
An elite alliance of the world’s leading blockchain innovators founded the Enterprise Ethereum Alliance (EEA) in February 2017 to augment Ethereum and enable it to serve as an enterprise-grade technology, with research and development focused on privacy, confidentiality, scalability and security. This exclusive invitation only group has recently admitted Trust Stamp, an Atlanta Tech Village-based biometric identity startup, to its founding membership. - May 11, 2017 - Trust Stamp
RateGenius Named a Top 100 Tech Company in Austin
RateGenius was named a Top 100 Digital Tech Company in Austin by Built In Austin for 2016. RateGenius, an auto refinance broker founded in 1999, came in at number 43 for the year. This exclusive list ranks the digital players of the Austin community according to local, full-time employee... - May 11, 2017 - rateGenius
Dolphin Debit Names Christy Nusz VP and Regional Sales Manager
Nusz will help Dolphin expand its services to credit unions and banks in the West and Midwest. - May 11, 2017 - Dolphin Debit
Texas Trust Credit Union Celebrates Opening of New Headquarters
The Arlington-based credit union renovated a 37,000 sq-foot building, turning it into a state-of-the-art facility. - May 11, 2017 - Texas Trust Credit Union
Cornerstone Financial Corporation Announces 10 - 1 Reverse Stock Split
CFIC is announcing a reverse stock split. - May 10, 2017 - Cornerstone Financial Corp
The Indiana Bankers Association Selects Kerauno as Its Unified Communications Solution
Axia Technology Partners (AxiaTP) announced today that the Indiana Bankers Association (IBA) has chosen Kerauno as its Unified Communications software solution. “We’re excited to have the IBA join our Kerauno community,” said Josh Ross, Managing Partner at AxiaTP. “By... - May 10, 2017 - Kerauno
Moneyto Transfers Are Now Available in Portugal
Moneyto Ltd is opening new directions for its customers. Now it's available to send money to Portugal using the online service. Receivers can pick up their transfers in any of payout locations of Moneyto partner. It takes less than 5 minutes to make an online transfer using your Mastercard or VISA... - May 08, 2017 - Moneyto
PrivatePlus Grows New Savannah Office with Addition of Lisa Sikes
PrivatePlus Mortgage, a division of National Bank of Commerce, has named Lisa Sikes a Loan Officer Assistant. She is based in PrivatePlus’ new Savannah office. “Lisa is very focused on each client’s unique needs, very detail-oriented and takes pride in providing all-around great... - May 05, 2017 - PrivatePlus Mortgage
Mars National Bancorp, Inc. Announces New Board of Directors
Shareholders of Mars National Bancorp elected three new board members along with seven incumbent directors at the annual meeting held April 18, 2017. The three new directors elected were Michael K. Bechtold, Executive Vice President of Brayman Construction Corporation; Gregory B. Mensch, Executive... - May 05, 2017 - Mars Bank
Golden Gate Capital Secures Funding for Five Million Dollars for the Renovation of the Grand Old Opera House in Nashville Nearby Indianapolis, Indiana
Christian Grey, CEO, of Golden Gate Capital is very pleased to announce the funding in the amount of $5,000,000.00 for the purposes of restoring an iconic music and theatrical venue in Nashville, Indiana. Andrew Bloom, Senior VP, "was instrumental in organizing the capital structure and putting the pieces together for this very momentous & historic funding achievement," stated Mr. Grey. - May 05, 2017 - Goldengate Capital
Texas Trust Awards GPISD Senior with $1,000 Scholarship
Texas Trust has awarded a $1,000 scholarship to Grand Prairie ISD student, Jemiah Williams. Williams is a senior at Dubiski Career High School. She has been accepted at Howard University in Washington, D.C., where she plans to study business with an emphasis on foreign policy and social issues. - May 04, 2017 - Texas Trust Credit Union
Michael Baker Named Executive VP at SAFE Federal Credit Union
Michael Baker, who has worked at SAFE Federal Credit Union for more than 16 years, has been named SAFE’s executive vice president. Baker, most recently vice president of operations, now oversees a broad range of the growing credit union’s services and operations. Baker joined SAFE as... - May 04, 2017 - SAFE Federal Credit Union
Paul Silverstein Receives Chairman’s Club and Excellence in Commercial Real Estate Awards
Paul Silverstein was presented with two prestigious awards by RE/MAX Advance Realty. At the awards banquet, held at the Coral Reef Yacht Club in Coconut Grove on April 25, 2017, he received the Chairman’s Club Certificate of Achievement and the Excellence in Commercial Real Estate Award. - May 03, 2017 - Florida Commercial Team
PrivatePlus Grows New Savannah Office with Addition of Melissa Guzman
PrivatePlus Mortgage, a division of National Bank of Commerce, has named Melissa Guzman a Vice President and Mortgage Banker. She is based in PrivatePlus’ new Savannah office. “Melissa treats her buyers like family, and easily adapts to various client and Realtor work styles,”... - May 03, 2017 - PrivatePlus Mortgage
My LifeSite Launches CCRC Financial Data Sorting Capabilities
MyLifeSite.net has launched a new feature that helps senior adults and their families learn more about a high-end retirement community's financial viability before they decide to make a large financial commitment, which often includes a sizable entry fee. It is the only online resource like this that is available to consumers and it helps answer one of the most popular questions: Will my money be safe? The best news is that for now this feature is offered for free. - May 03, 2017 - My LifeSite
Moneyto Ltd Awarded "The Best Online Money Transfer System to Moldova"
Moneyto Ltd has been awarded "The best online money transfer system to Moldova" by International Association of Money Transfer Networks during the International conference on payment systems, money transfers and innovations "Future Bank Conference 2016" held on 2-3 December 2016... - May 03, 2017 - Moneyto
Winbrook, Inc. Acquires RPM
Acquisition makes 51 year old Winbrook the largest New England based provider of branded print, promotional, packaging, display, fulfillment and digital solutions to the banking, credit union and financial service industries. - May 01, 2017 - Winbrook
Moneyto Ltd Acquired Rights to Unistream Money Transfer Brand in EU
Moneyto Ltd has partnered with Unistream money transfer network and acquired the rights to use Unistream Money Transfer brand name in the European Union. The new partnership allows Moneyto customers to do fast as well as near real-time transfers to their families and friends in Eastern Europe and CIS countries, including Ukraine, Moldova, Kyrgyzstan, Armenia, Tajikistan, Uzbekistan and Russia. - May 01, 2017 - Moneyto
Retirement Expert, Rick Maraj, to Release His 1st Book Titled "Building a Better Retirement"
Rick Maraj, Retirement expert and President of The Retire Advisory Group, can now add author to his growing list of accomplishments. His book, "Building A Better Retirement" will be the go to resource for those looking to retire successfully. - April 26, 2017 - The Retire Advisory Group
iGrad Financial Wellness CTO Honored by Employee Benefit Adviser
Employee Benefit Adviser has honored iGrad Chief Technology Officer, Dean Harris, with a “Benefit Innovator” award for his work on the Enrich™ Employee Financial Wellness Education Platform. Dean Harris responded to the honor by calling attention to the collective work done at... - April 26, 2017 - iGrad
Miniter Group Launches New Miniter.com Home Page
Miniter Group has launched a new home page to disseminate new lender insurance information. - April 25, 2017 - Miniter Group
MDO Partners to Present on FCPA at SCCE Miami Regional Compliance & Ethics Conference
Managing Partner Richard Montes de Oca to Co-Lead Discussion on FCPA Enforcement. - April 25, 2017 - MDO Partners
NAWRB Announces Ten-X as a Premier Strategic Partner
The National Association of Women in Real Estate Businesses (NAWRB) is proud to announce Ten-X as a Premier Strategic Partner. A real estate technology industry powerhouse, Ten-X recognizes the importance of growing the community of women and women-owned and small businesses in the housing... - April 25, 2017 - The National Association of Women in Real Estate Businesses