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Digital Car Insurer Metromile To Go Public Through Merger With INSU II

PYMNTS

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

Arizona 264
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NXTsoft Names Chuck Diulus as Chief Revenue Officer

Bobsguide

Diulus, a graduate of The Pennsylvania State University, has over 30 years’ experience in EFT, banking and Fintech industries. I look forward to working with all facets of the organization to capitalize on their momentum in the space and to continue to grow the company with great success,” he said. About NXTsoft.

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New Unemployment Claims Down 48K To 709K

PYMNTS

The COVID-19 vaccine is expected to have a positive effect on the labor market and other areas of the economy. Continued jobless claims — people filing for more than two weeks in a row — were 6.8 The highest insured unemployment rates in the week ending Oct. and Alaska (6.1). The largest increases in initial claims for the week ending Oct.

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Commercial Credit Trends – Where to Tread Carefully

South State Correspondent

This data is critical for pricing, capital allocation, and marketing. The Midwest continues to perform the best, followed by Pennsylvania. ” The reality is that banks should be much more granular than that to allocate capital more efficiently. Once again, it is time to play more defense.

Trends 195
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Fidelity D & D entering Pennsylvania market with MNB acquisition

American Banker

The company will gain branches in Northampton County as part of the $79 million deal.

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Online Gambling Player Rush Street Wins Support of Blank Check Firm To Go Public

PYMNTS

RSI currently holds online gambling licenses in Illinois and Pennsylvania, states where Bluhm’s company Rush Street Gaming has casinos, as well as New Jersey, Colorado and Indiana. RSI is projecting $321 million in revenue for its fiscal 2021.

Online 142
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Malvern hires activist investor as outside consultant

American Banker

Lawrence Seidman will provide capital markets advice and financial analysis to the Pennsylvania company.