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$175M Acquisition Turns Community Bank Into Fintech Player

Bank Innovation

Community banks can also play the fintech game. BankMobile — the digital bank, formerly a division of Customers Bancorp Inc. — was acquired by Flagship, a Florida-based community bank, for $175 million. “We We are no longer a partner or a division of […].

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Community Bank And FinTech Partnerships Gaining Traction

PYMNTS

Community banking may get a boost from technology, if recent activity is any indication. In Florida, reported American Banker – in the community banking realm – Seacoast Banking has paired with SmartBiz Loans to shorten the loan approvals process. This is triple the amount from a year ago.

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Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void.

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Florida Bank Seeks Approval for Latest Digital-First Launch

Banking Exchange

Former First Green Bank CEO Keith Costello will lead Locality Bank as it seeks regulatory approvals Community Banking Compliance Feature3 Fintech Feature Management Retail Banking Technology.

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For FinTech, The Age Of Big Bank Collaboration?

PYMNTS

Once less than friends with FinTechs, it looks like big banks are warming to the concept of collaboration with the relatively nimbler tech upstarts. We are proud to partner with Premier Community Bank to bring automation and payment innovation to their large and growing HOA customer base in central Florida.”.

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Bowman: Fed Weighing Expanded Transparency on Core Provider Exam Info

ABA Community Banking

As part of its efforts to facilitate community bank innovation, the Federal Reserve may provide banks with information about core processors and other critical third-party vendors that the banking agencies supervise directly, Fed Governor Michelle Bowman said today at ABA’s Conference for Community Bankers in Orlando, Florida.

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Half Of Payments Executives Are Focused On Peer-To-Peer (P2P) Payments

PYMNTS

With the advent of emerging FinTech startups, banks face some competition for payments. As a result, banks are investing in and engaging with FinTech startups to grow their customer base and their market share. banks by assets have made 81 deals with FinTech companies since 2012 — and more than $4 billion in funding.

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