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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. They bank all these small businesses.

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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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Georgia’s smallest bank has new tech and big dreams

BankInovation

The transformation of Barwick Bank began in 2019 with a note left in Chad Bowling’s unlocked Range Rover. Bowling, a 22-year veteran of community banking who began his career as a teller, was ready for a change. The de novo Reunion Bank of Florida he had helped found and grow with his business partner and […].

Florida 98
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How Financial Institutions Focus on Customers Is Key

Abrigo

The community bank model is built around customer service, but for many bank and credit union customers, the definition of “good service” has been changing over the last couple of decades. customers than traditional retail banks earned in the firm’s study of retail banking satisfaction.

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Five At Five: Apple Pay Joins eBay Ecosystem

PYMNTS

Coverage includes eBay entering a new relationship with Apple Pay, MoneyGram and Visa announcing a new P2P partnership, Amazon expanding its Whole Foods Market delivery service to new Florida and New York markets, Synovus Financial acquiring FCB Financial Holdings and Ford Motor Co. launching a new self-driving unit. ebay Brings in Apple Pay.

Apple 101
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Best practices for stress testing the commercial real estate portfolio

Abrigo

Without going into every possible stress testing scenario, here is a stress test example for a construction and retail portfolio. If situations turn and the project is not sustainable banks need to be able to look at alternative sources of repayment to complete the project.

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