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Sezzle Names Former PayPal Exec To Lead Sales

PYMNTS

Sezzle , the Minneapolis-based installment-based payments platform, has announced the appointment of Reid Bork to its leadership team. In January, Sezzle was denied a crucial lending license from California. Sezzle said the cash will be used to further the company’s growth strategy and strengthen its balance sheet.

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CEO Davies Exits Revolut After One Year

PYMNTS

Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT. small and medium-sized business market, and the chance to lead a newly-licensed bank that can be part of the solution is a great opportunity.” In February, Menlo, California-based TCV led a $500 million round.

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Beneficial State Bank’s financial activism

Independent Banker

Under the leadership of CEO Randell Leach, Beneficial State Bank is pursuing an ambitious mission of financial activism and strong corporate values. Most organizations … are like, ‘Where is the most profitable market segment?’” Roshan McArthur is a writer in California. Photo: Ashley Courter. By Roshan McArthur. Leach says. “So,

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CFPB Files First Lawsuit Under Acting Director Mulvaney

CFPB Monitor

The CFPB filed its first new lawsuit under acting Director Mulvaney yesterday, alleging that a pension advance company and its president made predatory loans to consumers that were falsely marketed as asset purchases. The investigation presumably continued, resulting in yesterday’s complaint filed in California federal court.

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Banking's Top 5 Total Return to Shareholders: 2023 Edition

Jeff For Banks

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance more than those that make those investments. NasdaqGS: FCNC.A) First Citizens Bank was founded in North Carolina in 1898 as the Bank of Smithfield.

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2021 GonzoBanker Awards

Gonzobanker

Union has been a stalwart of the California marketplace since the ’50s, and this gives Andy Cecere and team a great expansion into the Golden State and also some nice wholesale banking business. Lifetime Leadership Achievement Awards. With prices rational and revenue pinched, there were some nice acquisitions by many banks.

Fintech 147
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Meal Kit Startup Gobble Hires From Starbucks, Blue Apron

PYMNTS

Gobble , the Palo Alto–based meal kit startup service whose recipes can be prepared in 15 minutes with just a frying pan, a spatula and some olive oil, is shoring up its leadership team before expanding nationwide. Gobble currently serves seven western states: California, Nevada, Washington, Oregon, Arizona, Idaho and Utah.

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