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Rover180 Acquires Vemity To Boost AI Capabilities

PYMNTS

Rover180 has acquired Vemity , an Indiana-based company that specializes in artificial intelligence (AI) automation and machine learning. Rover180’s affiliate partner, FreightRover , has also signed on to offer Vemity’s AI platform to clients in its supply chain management technology suite.

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Wells Fargo Hires Headhunter For CEO Search

PYMNTS

Greg Donaldson, chairman of Donaldson Capital Management in Indiana, said shares in the company would be “the best stock on earth to buy” with the right CEO. “It Allen Parker, who had been the bank’s general counsel, is serving as the company’s interim CEO. The bank’s shares have sputtered since Sloan’s departure.

Indiana 143
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Fifth Third Taps Accion To Reach More SME Borrowers

PYMNTS

Reports late last week said the bank will work with SME lending portal Accion, a nonprofit company, to facilitate the financing of these companies across five states: Florida, Indiana, Illinois, Michigan and Ohio.

Indiana 109
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Car Commerce Tracker: Integration, Investment

PYMNTS

Automatic will provide its onboard diagnostics (OBD-II) adapters and mobile apps to new AmFam policyholders who enroll in the company’s KnowYourDrive program, which reportedly starts in Arizona and Indiana this month and will roll out across the U.S. throughout the year.

Indiana 101
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Banking's Top 5 in Total Return to Shareholders: 2018 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. This is clearly a turnaround situation, as the bank lost over $12 million in 2010, over 20% of its capital (ouch). Thanks to good old growth and balance sheet management which saw their net interest margin expand from 3.49% in 2015 to 3.80% today.

Oregon 101
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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

My Remarks to Bank Client's Annual Meeting of Shareholders "I want to thank [Chairman] and the Board, [CEO] and the management team for asking me to come out and remark on where I think the banking industry is going over the next five years. First Internet Bank in Indiana was founded in 1998. And products started migrating online.

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Best Community Banks to Work For 2022

Independent Banker

An entrepreneur with a background in accounting and finance, CEO and chairman of the board Thomas Swenson set up Montana Business Capital Corporation in 1998 with a focus on job creation and economic development lending. Swenson’s goal has been to create a team of individuals who can manage themselves but also function well together.