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.
Private Bank of Buckhead: Largest Growth and Profitability in Bank’s History
At its annual meeting April 21, shareholders of Private Bancshares, the parent company of Private Bank of Buckhead, Private Bank of Decatur and PrivatePlus Mortgage heard from President, CEO and Chairman Charlie Crawford, who noted the largest growth and profitability in the bank's history. - April 26, 2016 - Private Bank of Buckhead
April is Literacy Awareness Month-Spine Surgeon, Dr. Roderick Claybrooks, M.D., Completes Book Series; Gives Financial Freedom Tips to African American Parents & Students
"The Black Student’s Guide To Financial Success," "The Black Parent’s Guide To Financial Success," and "The Black Student’s Guide To Success," are three motivational titles, covering an array of topics for success, birthed after Dr. Claybrooks encountered several patients in the emergency rooms of Detroit that were living beneath their potential, and not maximizing their gifts. - April 26, 2016 - Dr. Roderick Claybrooks, M.D.
Capital Services Reports Continued Growth in 2015, Credits Its Expertise at Asset Generation
Capital Services credit card accounts were up 29 percent over 2014, significantly higher than the 23 percent growth the company had predicted for 2015. - April 24, 2016 - Capital Services
Penn Community Bank VP to Share Business Advice with Bucks County Entrepreneurs
Sharing financial expertise with local business owners and residents reflects Penn Community Bank’s mission. - April 23, 2016 - Penn Community Bank
Hills Invest and the National Union of Education Workers of Mexico, Have Just Signed an Agreement (hillsinvest.com)
In which Hills Invest (www.hillsinvest.com, subsidiary of Atlantic TC Bank) will be managing a retirement fund for each Mexican worker belonging to the union. Founded in 1943, it is one of the largest and most powerful of Mexico, with more than 400 thousand workers. Although this fund for... - April 22, 2016 - Hills Invest
Inaugural FinTech and Agent Banking Summit Heats Up the Mobile Money Revolution in Myanmar
The Emerging Asia FinTech & Agent Banking Summit 2016 on May 17-18 in Yangon, Myanmar - April 22, 2016 - Magenta Global Pte Ltd
Madison Street Capital Arranges $2.5MM Equity Facility for GMS-Pavilion Properties, LLC
International investment banking firm, Madison Street Capital, acted as the exclusive financial advisor in arranging a $2.5MM equity facility for its client, GMS-Pavilion Properties, LLC. Based in Bloomington, IN, GMS-Pavilion Properties is a real estate development and construction company that... - April 20, 2016 - Madison Street Capital
Seasoned Pro Joins PrivatePlus Mortgage Team
Vito Leone joins the Atlanta-based national mortgage company, and will be based out of Fort Meyers, Fla. - April 20, 2016 - PrivatePlus Mortgage
Mission Federal Credit Union Opens 30th Branch; Announces National City Branch Grand Opening Celebration
New National City Branch opens April 18; celebration planned for May 21 from 9 a.m. to 1 p.m - April 18, 2016 - Mission Federal Credit Union
Credit Union and Division of Fortune 500 Company Offer PerkUp Financial Wellness to Employees
PerkUp, the novel reward-based financial wellness program, has been put into place by the New Orleans operations of a Fortune 500 company. PerkUp partnered with Firemen's FCU to deliver its entertaining approach to financial education to the company. - April 15, 2016 - PerkUp
Banking Veteran Judy Turner Retires from Private Bank of Decatur May 31
Banking veteran Judy Turner retires May 31; her colleague Brent Adams named new President of Private Bank of Decatur. - April 14, 2016 - Private Bank of Buckhead
Further Speakers Announced by WIRED MONEY, Together with BBVA, Partnered with CrowdReviews.com
Further speakers are announced today for WIRED MONEY, together with BBVA, the fourth annual one-day summit that will take place on Thursday, June 23 at the British Museum. Confirmed speakers for 2016 include: · Baiju Bhatt, co-founder of Robinhood. Bhatt’s Robinhood is an app that... - April 14, 2016 - topseos.com
CEX.IO Bitcoin Exchange Launches Ether Trading, Adds ETH/BTC and ETH/USD Pairs
CEX.IO Bitcoin exchange launched trading Ethers, currency used by the Ethereum decentralised platform that runs smart contracts. CEX.IO users are now able to buy and sell ETH for Bitcoins and US Dollars. Following trends, CEX.IO has expanded the range of currencies traded on the exchange with... - April 13, 2016 - CEX.IO
Employee Financial Wellness Program Enrich Wins Education Program of the Year Award
Employers are partnering with workers to ease financial stress. - April 13, 2016 - iGrad
Finally Mobile Wallet Brings Fast, Easy, and Secure Financial Services to Consumers Nationwide
PayToo and City National Bank of New Jersey Announce Strategic Partnership. - April 13, 2016 - PAYTOO
Federal Court Rules in Favor John K. Baldwin and Bridge Capital Against the Government of Laos
US Court Rules in Favor of John K. Baldwin and Bridge Capital Against the Government of Laos noting that its claims were based on little more than unsupported allegations of wrongdoing” and finding that it was “essentially motivated by bad faith.” - April 12, 2016 - Bridge Capital
Private Bank of Decatur Adds Front Line Talent
Private Bank of Buckhead, which includes Private Bank of Decatur and PrivatePlus Mortgage, has added Rachel Bryant, as a Peak-Time Teller and Personal Banker. She’ll be based out of Private Bank of Decatur, serving clients across the metro area. “Rachel’s biggest asset is her... - April 11, 2016 - Private Bank of Decatur
PrivatePlus Mortgage Adds Talent Acquisition Pro, Jake McPherson
Jake McPherson joins Atlanta-based national mortgage company, bringing experience in recruiting to local and national growth efforts. - April 11, 2016 - PrivatePlus Mortgage
Private Bank of Buckhead: Welma Baer Receives Chairman’s Award
Private Bank of Buckhead, which includes Private Bank of Decatur and PrivatePlus Mortgage, recently recognized Welma Baer with its Chairman’s award. - April 10, 2016 - Private Bank of Buckhead
Penn Community Bank Creates Community Foundation, Appoints Director
Longtime Bucks County resident selected to nurture bank relationships with community organizations. - April 09, 2016 - Penn Community Bank
Looking for FinTech Training? The First FinTech School is Here
Led by Entrepreneurs & Industry Thought-Leaders, the FinTech School Seeks to Train Millions of Financial Services Professionals on the Vital FinTech Innovation Skills to Lead Digital Transformations and Launch New FinTech Products & Services - April 06, 2016 - FinTech School
Record-Setting Quarter for SBA 504 Lender
Mercantile Capital Corporation reports record-setting $88 million in SBA 504 loans during Q1 2016. - April 06, 2016 - Mercantile Capital Corporation
Siracusa Staffing & Leasing Redefines Working with P&C Agents... Again
Siracusa Staffing & Leasing is redefining the level and ability of P&C agents to work successfully with PEO brokers. SS&L is the brainchild of David Siracusa, the owner of ELS, who helped to grow that company into the premier PEO provider of the Southeast. Mr. Siracusa has brought his technological innovations and forward thinking mentality to this new company. He sees a void in the marketplace where no other PEO broker has previously gone and he intends to fill it. - April 04, 2016 - Siracusa Staffing & Leasing, LLC
Texas Trust Credit Union Earns Carat Award for Highest-Impact Marketing Campaign
The CUNA Marketing Council recognized Texas Trust for the success of its Spirit Debit Reward program and the One Million Brighter campaign, which celebrated the giving of one million dollars to several Texas school districts. - April 04, 2016 - Texas Trust Credit Union
CU Appraisal Services: Making History as a CUSO
With the recent investment by CU Advantage, Inc. CU Appraisal services is now the first and only Appraisal Management Company, Credit Union Service Organization in the country. - March 31, 2016 - CU Appraisal Services
French Regulatory Organization Authorizes Major French Bank to Use Talk to Pay for Card Not Present Payments with Voice Recognition
French data protection regulatory organization (CNIL) authorization makes it possible for all La Banque Postale cardholders to benefit from Talk to Pay®, allowing them to be protected during Card Not Present purchases thanks to voice generated dynamic cryptogram. - March 26, 2016 - Talk to Pay
Bullion Exchanges Exclusive Release of 2016 PCGS OGH Silver Eagle Coin
Join Bullion Exchanges in celebrating the early coin days of yesteryear, as PCGS’s majestic green holder makes a strong return housing the 2016 1 oz Silver American Eagle $1 Coin PCGS OGH FDOI First Day WP Strike 1 of 2016. - March 26, 2016 - Bullion Exchanges
Whitefish Credit Union to Open New South Kalispell Branch
Montana's largest credit union is pleased to announce the opening of their newest location. - March 26, 2016 - Whitefish Credit Union
Financial Literacy Education Leader iGrad Hits 2 Million Modules
Students engage with online financial literacy program in record numbers. - March 23, 2016 - iGrad
Hein Named Mars National Bank’s Senior Vice President, Finance
James M. Hein was named Senior Vice President, Finance of Mars National Bank. He now oversees the finance, deposit and technology operations activities at the Bank. Mr. Hein joined Mars National Bank as Vice President, Controller in 2010. - March 22, 2016 - Mars Bank
Paragon Bank Appoints Senior Vice President, Specialty Lending
Paragon Bank (OTCBB: PGNN.OB) has hired Thomas "Tee" Shipmon as Senior Vice President of Specialty Lending. Shipmon will report to Robert Shaw, Chief Executive Officer at Paragon Bank, and will work out of the office at 5400 Poplar Avenue. "We are excited to add a team member with... - March 18, 2016 - Paragon Small Business Capital Group
Best Financial Services Website to be Named by Web Marketing Association in 20th Annual WebAward Competition
The Web Marketing Association is looking for the best legal websites in the world as part of their 20th annual international WebAward Competition for Web site development at www.webaward.org. The WebAwards is the standards-defining competition that sets benchmarks for 96 industries, including bank,... - March 17, 2016 - Web Marketing Association
AI, Automation and Super Models: PurePredictive Launches AI-Driven Analytics Platform That Delivers Up to 40% More Accuracy in Just Minutes
After attracting more than 450 data experts to its beta release, PurePredictive enters the market with first-of-its-kind technology that automates predictive modeling which radically improves speed, while creating “super models” that are highly stable and significantly more accurate. - March 16, 2016 - PurePredictive
First Service Credit Union Purchases Site for New Branch
First Service CU will open branch on Spring Cypress Road, in Houston, following renovation. - March 16, 2016 - First Service Credit Union
Synpulse Enters the UK Market
International consultancy continues its expansion and opens new office in London. - March 16, 2016 - Synpulse UK Ltd
New Generation of OTP Tokens by Protectimus
Protectimus introduces a new generation of hardware OTP tokens Protectimus SLIM and Protectimus SLIM mini. New tokens have 2 form-factors: regular bank card ISO/IEC 7810 ID-1 (85.6 x 53.98 x 0.76 mm) and a mini card 64 x 38 mm in size. The main feature of the new product is that it can be... - March 15, 2016 - Protectimus Limited
Private Bank of Buckhead Adds Another Ambassador
Renee Weese of Minerva Planning Group has joined the Board of Advisors for Private Bank of Buckhead. - March 15, 2016 - Private Bank of Buckhead
Penn Community Bank Helps Dedicate 101st Habitat for Humanity Home
Bucks County’s leading mutual bank helps mark completion of home on land it donated in Croydon. - March 10, 2016 - Penn Community Bank
Baylor University Partners with iGrad to Implement Online Financial Literacy Education Initiative
Higher education embraces online adaptive learning to ensure students succeed in making wise financial decisions. - March 09, 2016 - iGrad
Mission Federal Credit Union Opens 29th Branch; Announces San Carlos Branch Grand Opening Celebration
New San Carlos Branch opens March 7; celebration planned for April 2 from 9:00 a.m. to 1:00 p.m. - March 08, 2016 - Mission Federal Credit Union
GSF Mortgage Establishes Branch in California
GSF Mortgage is pleased to welcome James Estakhrian as branch manager in Irvine, California. He joins TeamGO with 25 years of experience in both the mortgage and construction industry. Being involved in building many houses and small businesses, he was involved in many financing transactions which... - March 04, 2016 - GoGSF
Paragon Bank Names John Graham Senior Vice President, Client Development Officer
24-Year Financial Industry Veteran Joins Growing North Carolina-Based Bank. - March 04, 2016 - Paragon Bank
Paragon Small Business Capital Group Obtains Preferred Lenders Program Status
Paragon Small Business Capital Group, a division of Paragon Bank (OTCBB: PGNN.OB), today announced it received Preferred Lenders Program (PLP) status, allowing the company to approve loans guaranteed by the U.S. Small Business Administration (SBA). This program provides businesses access to loans... - March 03, 2016 - Paragon Bank
New Faces at CU Appraisal Services
CU Appraisal Services is pleased to welcome two new members to its growing leadership team: Partner Relationship Manager, Dawn Stankovic, and Quality Control Manger, Jennifer Richardson. Ms. Stankovic will oversee relationships with CU Appraisal Services’ credit union and appraiser partners... - March 03, 2016 - CU Appraisal Services
BondIT Has Been Selected as a Finalist for the FinTech Innovation Awards 2016
BondIT has been selected as a finalist for the FinTech Innovation Awards 2016. The selection was for the Innovation in Wealth, Asset and Investment Management category. “The need for a revolution in the fixed income advisory is more evident than ever,” said Etai Ravid, BondIT CEO... - March 03, 2016 - BondIT
Penn Community Bank CEO Jeane M. Coyle to Speak at Pennsylvania Bankers Association Conference
CEO of Bucks County’s leading mutual bank to speak at 2016 Women in Banking Conference. - March 02, 2016 - Penn Community Bank
First Service Credit Union Reports Robust Growth in 2015
First Service Credit Union of Houston recorded impressive 2015 numbers: 12 percent asset growth, nearly 44 percent net income growth, nearly 20 percent loan growth, and membership up 9 percent. - March 01, 2016 - First Service Credit Union
Business Bancshares, Inc. Parent Holding Company for The Business Bank of St. Louis, and The Business Bank of St. Louis Announced Fourth Quarter 2015 Financial Results
Business Bancshares Inc. and The Business Bank of St. Louis announce fourth quarter and full-year 2015 financial results. Earnings increased for the fifth consecutive year and consolidated year-to-date net income increased 24%. - February 27, 2016 - The Business Bank of St. Louis
Roger Douville Joins rateGenius as Director of Underwriting
RateGenius proudly welcomes consumer lending expert Roger Douville as the new Director of Underwriting. - February 25, 2016 - rateGenius
Georgia Banks Earn $2.9 Billion in 2015
Net income up 13.1 percent for year - February 25, 2016 - Georgia Bankers Association