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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.

Florida 78
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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.

Florida 75
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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

The rise of FinTech offers a bit of a prism through which to view those events. The traditional banking model may be disrupted, or about to be disrupted, depending on where you look. The Federal Reserve noted earlier this year that FinTechs have been able to boost their percentage of U.S. Behind the Numbers .

Lending 148
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Why a small Florida lender built its account-opening software in-house

American Banker

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Florida 78