FNB buying Howard Bancorp to bulk up in Baltimore

American Banker

M&A Community banks

Small Baltimore credit unions to join forces

American Banker

Members of $6.3 million-asset FIAFE Federal Credit Union will vote early next year on whether to merge into $43 million-asset Central Credit Union of Maryland. Credit unions M&A Maryland Growth strategies

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Under Armour Wants To ‘Reinvent’ Baltimore, But Not Everyone’s Feeling It

PYMNTS

Kevin Plank, Under Amour’s more than ambitious CEO , is seeking more than $1 billion in local, state and federal funding to rebuild a depressed portion of Baltimore’s waterfront known as Fort Covington. And Baltimore, like many mid-sized American cities, is pretty much broke right now. And Baltimore already has a bunch of sports teams. But Plank has repeatedly made it clear that the company has outgrown its current headquarters in Baltimore.

Shore Bancshares Enters Baltimore with Branch Deal

American Banker

has agreed to buy three branches around Baltimore from Northwest Bancshares in Warren, Pa. Shore Bancshares in Easton, Md., breaking_news community-banking md pa dealmaking-strategy

Cecil Bank taps Baltimore-area banking veteran as next CEO

American Banker

Bill Knott succeeded Terrie Spiro as leader of the Maryland bank, which raised capital in 2017 by going through a complicated bankruptcy process. Community banking Succession planning Hiring

From POS To The Starship Enterprise: Baltimore Stadiums Engaging The IoT Warp Speed Drive

PYMNTS

Provenzano, who oversees operations at M and T Bank Stadium, the home of the National Football League’s Baltimore Ravens, and Oriole Park at Camden Yards, the home of Major League Baseball’s Baltimore Orioles, remembers the first time he saw the IoT make an impact for professional sports and stadiums. Baltimore fans may also be noticing new technology when they visit M and T Bank Stadium this year. Baltimore sports fans – prepare to engage ?

Kopernik, Liberty Banks in Baltimore to Merge

American Banker

Kopernik Bank and Liberty Bank of Maryland, both mutual thrifts in Baltimore, have agreed to merge. No money would change hands given the mutual-ownership structures involved in the deal. breaking_news community-banking m-a md dealmaking-strategy

SBA sets the stage for credit unions to take lead on PPP

New York's State of Mind

COVID-19 Federal Legislation Regulatory Baltimore Ravens DFS PPP Super Bowl Tom BradyThe SBA has issued guidance and regulations in the last three days laying the groundwork for a continuation and expansion of the Paycheck Protection Program. What’s most striking to yours truly is just how much the SBA is establishing a regulatory framework to encourage community-based lenders to take the lead in making these loans, particularly […].

5.9.19 Your morning briefing

Payments Source

Today: PayPal's high on phishing list; San Francisco outlaws no-cash stores; Facebook changes crypto ad policy; Ransomware hits Baltimore. The information you need to start your day, from PaymentsSource and around the Web. Briefing

Blispay Doubles Merchant Network, Plans New Finance Terms

Bank Innovation

The Baltimore-based Read More. Applying for financing or credit cards at the POS at retail giants such as Best Buy is a no-brainer. Small and medium-sized merchants, however, don’t usually have that option. Blispay – launched in March last year – is set to tackle that issue, with a solution aimed at SMEs. Cards Commerce Lending Mobile Payments Startups Technology Blispay POS financing Visa

After poaching M&T exec, Maryland bank plots next moves

American Banker

Howard Bancorp is planning a big push in CRE lending, first in its hometown of Baltimore and eventually in Washington. Strategic buyers CRE Recruiting Maryland

Securityplus to close on Election Day to give workers time to vote

American Banker

The Baltimore institution said it would close on Nov. 3 with the intention that employees use the paid time off to participate in the democratic process. Employee benefits Employee relations Elections Election 2020 Maryland

Blispay Seeks Partnership with Merchant Acquiring Banks

Bank Innovation

Founded in 2014, Baltimore-based Blispay provides point of sale financing for customers of small and medium-sized merchants. EXCLUSIVE — Point of sale financing provider, Blispay is looking at partnerships as its next phase of growth. BlisPay’s CEO, Greg Lisiewski, told Bank Innovation that as the company focuses on scaling itself and adding more merchants to its […]. Cards Exclusive Lending Mobile Payments Uncategorized Blispay Magento Shopify Visa

Farmers and Merchants in Maryland to buy neighboring bank

American Banker

The company will pay $25 million in cash for Carroll Bancorp in a deal between Baltimore-area banks. Community banking M&A Maryland Growth strategies

Amazon Ships Outside Cargo to Compete with UPS, FedEx 

PYMNTS

Around the same time, Amazon announced it was expanding its same-day delivery service to six new cities: Baltimore, Charlotte, Chicago, Detroit, Houston and Tampa. . Amazon has begun shipping cargo for outside customers to compete with UPS and FedEx. .

Sneaker Sales Propel 3Q Surge In Under Armour Earnings

PYMNTS

The Baltimore-based chain also announced the sale of its MyFitnessPal workout platform to private-equity firm Francisco Partners. Sportswear giant Under Armour reported a third-quarter profit of $38.9

BofA defends giving priority to customers in rescue-loan program

American Banker

Bank of America, which came under fire for prioritizing applications from existing small-business customers, asked a federal judge in Baltimore to reject a request in a lawsuit to temporarily bar it from employing the practice. Bank of America Commercial lending Coronavirus Small business lending Paycheck Protection Program

Amazon Adds Same-Day Delivery in Atlanta, Miami, Minneapolis

PYMNTS

Last month, Amazon also added Baltimore, Charlotte, Chicago, Detroit, Houston and Tampa to the Same-Day Delivery roll call, joining Dallas, Nashville, Philadelphia, Phoenix, Orlando and Washington, D.C.

Under Armour Beats Q2 Expectations Despite eCommerce Drop

PYMNTS

The Baltimore-based retailer’s wholesale revenue increased 157 percent in Q2 to $768 million and direct-to-consumer revenue increased 52 percent to $561 million, with in-store sales offsetting the digital sales drop. Under Armour reported on Tuesday (Aug.

Today In Retail: Nike Supply Hit by Factory Closures; Amazon Expands Same-Day Delivery

PYMNTS

Last month, Amazon also added Baltimore, Charlotte, Chicago, Detroit, Houston and Tampa to the Same-Day Delivery roll call, joining Dallas, Nashville, Philadelphia, Phoenix, Orlando and Washington, D.C.

Five Below Continues Store Count Growth as Sales Rise

PYMNTS

The two firms initially rolled out the delivery service at some stores in Detroit, Cleveland, Chicago, Buffalo and Baltimore, as well as locations in Texas, California and Florida.

Today In Retail: Five Below Grows Instacart Partnership; Canada Goose Intends To Go Fur-Free

PYMNTS

The two companies initially launched their collaboration at some stores in Baltimore, Buffalo, Chicago, Cleveland and Detroit, as well as locations in Florida, California and Texas.

Nordstrom Launches Same-Day Gift Delivery Service

PYMNTS

Customers in Baltimore, Boston, Chicago, Dallas, Los Angeles, New York, Philadelphia, San Francisco, Seattle and Washington, D.C.

Maryland Passes First US Tax On Digital Ads

PYMNTS

The Democrat-controlled House of Delegates also had approved the measure, the Baltimore Sun reported. Maryland lawmakers Friday threw the tax gauntlet down in front of Big Tech.

Remote Tech Employees Face Pay Cuts In San Fran

PYMNTS

Baltimore follow close behind. Some Silicon Valley companies are suggesting workers who relocate to remote locations should have their pay reduced to reflect their new lower costs of living — and employees are none too happy about it, the Wall Street Journal reports. “In

Canada’s GoFor Introduces 'Shop Local' Delivery Effort In Several US Cities

PYMNTS

Nashville, Tennessee; Memphis, Tennessee; Charlotte, North Carolina; and Baltimore, Maryland, according to a Wednesday (Feb. Ottawa, Canada-based logistics marketplace GoFor Industries has rolled out a “Shop Local” initiative in Washington, D.C.;

Five Below Expands Instacart Partnership For Same-Day Delivery

PYMNTS

The two firms initially rolled out their partnership at some shops in Detroit, Cleveland, Chicago, Buffalo and Baltimore, in addition to locations in Texas, California and Florida.

DoorDash Unveils Latest Growth Strategy: Digital Convenience Stores

PYMNTS

DoorDash said it plans to add more cities in the coming months, including Baltimore, Denver, Sacramento and Concord, California.

Tennessee Election Website Went Offline In Cyberattack

PYMNTS

In March , hackers managed to break into Baltimore’s dispatch system that supports emergency calls. Baltimore CIO Frank Johnson had called the hack a “limited breach,” Reuters reported. Beyond Atlanta and Baltimore, a virus shut down the entire network of a county in Ohio back in 2017. In a distributed denial-of-service (DDoS) attack this week, the website of a county election commission in Tennessee went offline during a mayoral primary.

DoorDash To Begin COVID-19 Home Test Kit Delivery

PYMNTS

Both kits will be available at DoorDash’s DashMart locations in Chicago, Cleveland, Dallas, Denver, Minneapolis, Phoenix and Baltimore, with other cities to be added to the list in the coming months.

ZeroFOX Notches $74M To Tackle Cyberattacks

PYMNTS

With the new funding, the Baltimore, Maryland startup has raised over $150 million. . ZeroFOX was created at the startup incubator Betamore in Baltimore’s Federal Hill neighborhood.

Five Things You Should Know By The End of Next Week

New York's State of Mind

Yours truly is off for his yearly vacation to Baltimore. Good morning folks. Yes, I live an exciting life. But first there are a few things I need you to ponder while I go off the grid for a week. Shameless Plug If you are reading this blog and I know you are, then you […]. Compliance Economy General Mortgage Lending CFPB Nominee marijuana banking Mortgage Loans Wells Fargo

PayPal Provides $5M In Grants To Support Minority Businesses

PYMNTS

PayPal Holdings Inc. provided $5 million in grants to support Black-owned businesses in the U.S. recovering from the economic impact of COVID-19 pandemic, the company announced Friday (Sept.

DoorDash Delivers Covid Tests Amid Food Delivery's 'New Normal'

PYMNTS

Baltimore, Chicago, Cleveland, Dallas, Denver, Minneapolis and Phoenix will be among those states first starting the program, with more cities to be added soon, the company said.

Judge Lets Bank Of America Favor SMB Clients With PPP Loans

PYMNTS

District Judge Stephanie Gallagher in Baltimore denied the request for a restraining order against BoA, although she allowed the lawsuit to move forward.