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Proposed Georgia bank secures conditional regulatory approval

American Banker

Craft Bank, which plans to open this summer, is in the final stage of raising $30 million in initial capital.

Georgia 74
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New Unemployment Claims Down 48K To 709K

PYMNTS

24 were in Hawaii (9.9), California (8.9), New Mexico (8.5), Nevada (8.2), the Virgin Islands (7.1), Massachusetts (7.0), Puerto Rico (6.9), Georgia (6.8), District of Columbia (6.5) The COVID-19 vaccine is expected to have a positive effect on the labor market and other areas of the economy. and Alaska (6.1).

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NCR Looks To Buy ATM Operator Cardtronics For $1.7 Billion

PYMNTS

He added that Cardtronics’ debit network complements NCR’s payments platform and the combined new entity will offer a comprehensive connection of retail and bank customers “while capitalizing on the banking industry’s transition toward infrastructure outsourcing.”.

ATM 172
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Walmart Forms Company To Sell Insurance Amid Healthcare Push

PYMNTS

The retailer has also formed a collaboration with an upstart called Capital Rx that offers current information on prescription prices. The retailer has slowly been entering the healthcare services arena, running approximately 24 low-cost clinics in Texas, Georgia and South Carolina.

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Synovus to take swing at timber business

American Banker

The Georgia lender has hired bankers away from Wells Fargo to build a new ag lending team that will look to capitalize on soaring lumber demand in its home state.

Georgia 87
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The United States Of Venture Capital: The Most Active VC In Each State

CB Insights

Using CB Insights data, we analyzed the most active venture capital firm in each state, based on unique tech investments from 2014 to 2019 YTD (1/24/19). We excluded debt deals and only considered venture capital, corporate venture capital, super angel, and growth equity firms. Merus Capital. BIP Capital.

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SMBs Accuse Kabbage Of Abruptly Canceling Credit

PYMNTS

Georgia-based Kabbage claims it has provided small business borrowers with over $9 billion in loans as of its 2009 establishment. and OnDeck Capital Inc. Borrowers, who realized the credit lines were halted when they signed onto their accounts, claim the company did not provide them with notice, according to a Bloomberg report.

Georgia 195