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UK’s Metro Bank To Buy P2P Lender RateSetter For At Least $3.27M

PYMNTS

London-based Metro Bank has struck a deal to buy peer-to-peer lender RateSetter for £2.5 Metro will make additional payments to shareholders if RateSetter reaches certain benchmarks, according to a news release. Metro Bank will operate RateSetter as an independent entity and make loans under both its and Metro Bank brands.

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Patriot National Hits Regulatory Snag In SBA Platform Plans

PYMNTS

The publication said Patriot National’s plans to acquire the SBA lending business of Hana Financial, announced last year, have hit a snag from the Office of the Comptroller of the Currency, which signed a formal agreement that sees the OCC requiring Patriot to make changes in board oversight and auditing processes. .”

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CYBG Snubbed For RBS Funds

PYMNTS

Reports in Reuters late last week said Metro Bank, Starling Bank and ClearBank have been awarded funds to boost small business lending and banking competition. 365 million: the total sum of RBS grants awarded in the first round to Metro Bank, Starling Bank and Tide partner ClearBank. Starling secured $130.7

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Are Banks Different?

Jeff For Banks

Jeff Bank A: To our shareholders, Since our inception, we have used the word ‘‘Absolutely’’ as a part of our brand. We continue to grow market share in the [metro] market, strengthen our number one market share in [region], and are excited about the tremendous opportunities we have in our new markets. Do these banks sound alike?

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The 2019 GonzoBanker Awards

Gonzobanker

By year’s end, Hill had been shown the door and now Metro is stabilizing its reputation as the highest priority. Sweet Deal for the Acquiree) Award –Goes to Honey Science Corporation for its $4 billion acquisition by PayPal with Honey keeping its brand and HQ. The Branding Name-Thud Award – Goes to BB&T + Suntrust becoming Truist.

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The 2018 GonzoBanker Awards

Gonzobanker

PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. Leveraging the Virtual Wallet brand it built years ago, it will be worth watching how PNC fares in 2019. GonzoBanker of the Year – Mid-Size Banks.

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