article thumbnail

A digital-first bank for south Florida

Independent Banker

Banking veteran Keith Costello cofounded Locality Bank, where he serves as president and CEO, to champion for south Florida small businesses financially affected by the pandemic. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career. By Katie Kuehner-Hebert.

Florida 91
article thumbnail

Regulators close Florida bank in third failure of 2020

American Banker

First City Bank of Florida had suffered “longstanding capital and asset quality issues” that were unrelated to the pandemic, the FDIC said.

Florida 62
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mastercard and Florida Capital Bank deliver real-time disbursements

The Paypers

(The Paypers) Mastercard has teamed up with Florida Capital Bank to facilitate real-time disbursements of funds to branded debit cards in the US.

Florida 28
article thumbnail

WSFS wealth unit does deal to expand in Delaware, South Florida

American Banker

The Wilmington, Delaware, bank announced Tuesday that it had purchased Bell Rock Capital. WSFS' management said that legal troubles involving that investment advisory firm's founder won't affect the transaction.

article thumbnail

Banks Bring Coffee Shops To New Branches

PYMNTS

With the bank branch of the future, large institutions such as Capital One and Fifth Third are aiming to create spaces that appeal to millennials around Chicago that provide technical support, financial advice and — in some instances — cappuccino. By the same token, Capital One has brought three Capital One Cafes in Chicago.

Chicago 120
article thumbnail

PayCargo Extends Credit To Help Supply Chain Clients Amid COVID-19

PYMNTS

PayCargo Capital (PCC) is offering short term loans and credit lines to help its supply chain customers keep the cash flow going as the coronavirus pandemic continues to disrupt business as usual. . Ocean shipping lines and cargo airlines have enormous amounts of capital tied up in artificial loans to customers.”.

Capital 141
article thumbnail

On-Demand Home Services Startup Homee Raises $15M

PYMNTS

Tampa, Florida-based startup Homee raised $15 million in series B funding led by Forté Ventures, VentureBeat reported on Tuesday (Aug. Funds also came from Liberty Mutual Strategic Ventures, Active Capital Partners, Florida Funders, Deepwork Capital and Engage.

Tampa 128