article thumbnail

Axos Bank Expands Commercial Presence In NYC, LA

PYMNTS

15) that it will launch regional commercial banking operations in New York and Los Angeles in an effort to grow its corporate client base and connect existing business customers in the markets with its senior banking professionals. and offer clients FDIC-insured accounts. The bank announced Thursday (Aug.

article thumbnail

Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

Regional players like BankUnited have even smaller market caps (at about $2 billion). Accounts are FDIC-insured through a partnership with Bancorp Bank. The company said earlier this year that it had more than eight million accounts in place, as reported by the Los Angeles Times. With the $14.5

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

Regional players like BankUnited have even smaller market caps (at about $2 billion). Accounts are FDIC-insured through a partnership with Bancorp Bank. The company said earlier this year that it had more than eight million accounts in place, as reported by the Los Angeles Times. With the $14.5

article thumbnail

PacWest Hires Ex-Regulator as Chief Risk Officer

American Banker

PacWest Bancorp in Los Angeles has named Stanley Ivie, a regional director for the Federal Deposit Insurance Corp., its chief risk officer and an executive vice president. He started Monday.

article thumbnail

Finovate Fall 2016 Live Blog – Day 2

William Mills

Demo: Customer Insight Dashboard for Regional Manager who can view their forward looking metrics such as customer attrition and look forward several quarters. Los Angeles-based global company. “We This sounds like the best of both worlds – social funding for SMB’s with the backing of their FDIC-insurance bank.