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Tech Center: Charlotte On The Edge of Tech Greatness

PYMNTS

Just west of the Research Triangle in North Carolina, Charlotte’s technology industry has been slowly growing over the past few years. million over the course of the next three years to build up a FinTech hub in Charlotte. As we reported about three weeks ago, Bank of America has announced its plans to invest $1.5

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

The upcoming launches in the Midwest – in one city that is considered the capital of the region, and in another that is a growing destination for young, digitally-minded professionals, including those priced out of the Chicago housing market – represent more significant progress for the new mobile network technology.

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The eCommerce Bachelor: Which City Will Get The Rose?

PYMNTS

Jeff Bezos missed a major marketing opportunity there (as if Amazon needs it). As New Mexico’s capital city, Albuquerque naturally put in a bid, but the state’s more southern offering may prove more interesting, as it straddles the U.S.-Mexico Charlotte, North Carolina. Doña Ana County. What does that mean?

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Belk Works On Building Its New Legacy

PYMNTS

Small and regional — outside of the Southeastern United States, most people haven’t heard of it. About a year and a half after the chain was sold off to a private equity group, Charlotte-based Belk is opening up new stores, though less well-performing ones are being shuttered. It’s growing.

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Passport Raises $8 Million in Series B

Fintech Labs Insights

The Series B round was led by MK Capital, and featured participation from Grotech Ventures and Relevance Capital. Passport CEO Bob Youakim said that the capital infusion would help speed the company’s growth and expansion both in the U.S. The new investment takes Passport’s total funding to $17 million.

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Top 5 Total Return to Shareholders: #3 ESB Financial Corporation

Jeff For Banks

But he held firm that the regulatory environment, changing customer preferences, and the pace and expense of technology were driving the market towards bigger is better. Neither supported this regional president''s opinion. They had to grow to survive. I challenged the thinking. In that, I thought, he has a point.