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4 Ways Insurers Can Help Communities Affected by Hurricane Ian

Perficient

Hurricane Ian slammed into Florida’s gulf coast and Georgetown, South Carolina, on September 28, leaving countless businesses and homes — if not wholly destroyed — drowned with flood water and without power. Community outreach.

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Why PayPal just deposited $50 million in a small South Carolina bank

Payments Source

"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.

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First Citizens, CIT Group Merger Will Create $100B Bank

PYMNTS

“This is a transformational partnership for First Citizens and CIT, designed to create long-term value for all of our constituents, including our stockholders, our customers, our associates and our communities,” said Frank Holding Jr. chairman and CEO of First Citizens, roles he will keep in the combined company. .

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Discover Serves Up $5M To Bolster Black-Owned Restaurants

PYMNTS

To launch the program, three Black-owned restaurants have been selected to receive $25,000 each: Back in the Day Bakery in Savannah, Georgia, Post Office Pies in Birmingham, Alabama and Rodney Scott’s BBQ , which has locations in both Birmingham and Charleston, South Carolina.

San Jose 204
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Oconee Federal, Mutual Savings Bank in South Carolina to merge

American Banker

The deal is expected to close late in 2023 or early next year and be immediately accretive to the combined company's earnings.

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New York To Sunbelt State Tourists: Stay Home

PYMNTS

The quarantine will go into effect at midnight and will cover all visitors from a range of states “with significant community spread of COVID,” the governors wrote in a statement posted on Twitter.

New York 227
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Community First plans to enter Tennessee with SFB acquisition

American Banker

The South Carolina company has agreed to buy the parent of Security Federal Bank.