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Lalamove Launches Delivery Services In Dallas

PYMNTS

Same-day delivery service provider Lalamove has launched its services in the Dallas/Fort Worth area to help small- to medium-sized businesses (SMBs) make quicker deliveries, according to a press release. Lalamove has been operating since 2013 and has 22 markets in Asia, Latin America and North America.

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TAB Bank Expands With $46M Acquisition Deal For BAMFi’s Capital Division 

PYMNTS

TAB Bank is acquiring BAMFi’s BAM Capital Division in a $46 million deal, TAB announced on Tuesday (Nov. As part of the acquisition, BAM’s office in Dallas, Texas will be retained by TAB Bank , including both operations and staff. This is the digital bank’s fourth acquisition of a working capital loan portfolio.

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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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New Cannabis Holding Company Led By PRØHBTD CEO Raises $25M

PYMNTS

A cannabis consumer goods and marketing holding company led by PRØHBTD CEO and Founder Drake Sutton-Shearer has launched with $25 million in funding, according to a Sept. Dallas-based Cresco Capital led the funding round, bringing the total investment in Future State Brands to $25 million. 20 press release.

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Opendoor, Zillow Rival Perch Raises $220M

PYMNTS

The funding, which is a combination of equity to fund operations and debt to fund home purchases, was led by FirstMark Capital , with participation from Accomplice and Juxtapose. After launching in San Antonio in early 2018, Perch has expanded to Dallas-Fort Worth, with more markets planned.

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Carvana Stock Falls Short On First Day Of IPO

PYMNTS

cities, such as Austin and Dallas in Texas and Nashville, Tennessee. Wells Fargo Securities, LLC, Bank of America Merrill Lynch, Citigroup Global Markets, Inc. are acting as joint book-running managers for the offering. William Blair & Company, LLC, BMO Capital Markets Corp. and Deutsche Bank Securities, Inc.

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JCPenney Lands Buyer For Headquarters Sale

PYMNTS

According to a press release , the capital markets team from commercial real estate services firm Avison Young is advising a Dallas investor in the acquisition and repositioning of the headquarters. Capital Markets for Avison Young. for $450 million, and the retailer already has a buyer solidified for the sale.

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