M&A
M&A
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The company will use Savoy's midtown Manhattan office to coordinate business development efforts around the city.
August 28 -
Betsy Cohen, formerly of The Bancorp Bank, and venture capitalist Ryan Gilbert have created a vehicle to raise hundreds of millions of dollars, purchase a technology company and expand it.
August 27 -
If the mega payments deals of 2019 left the acquiring landscape somewhat scorched, the COVID-19 pandemic planted new seeds to allow ISOs to grow by quickly converting merchants to electronic payments.
August 26 -
Digital remittance provider WorldRemit has agreed to acquire Sendwave, a mobile app-based remittance company focused on servicing the African money transfer corridors.
August 26 -
The Los Angeles company will remain a community development financial institution when it acquires the parent of City First Bank in Washington.
August 26 -
The bank will outsource future development of Quorum to the software firm.
August 25 -
Afterpay has entered into an agreement with NBQ Corporate SLU to acquire Pagantis SAU and PMT Technology SLU for €50 million (about $59 million) to expand into France, Italy and Spain — a direct challenge to Klarna, one of the dominant European buy now, pay later (BNPL) providers.
August 25 -
Whether the number of deals for 2020 can come close to last year's record-setting level will come down to one question: Can community banks generate strong enough profits in the second half to justify their independence?
August 25 -
Whether the number of deals for 2020 can come close to last year's record-setting level will come down to one question: Can community banks generate strong enough profits in the second half to justify their independence?
August 25 - Banking brands
SC Telco Federal Credit Union and Anderson FCU will adopt the name Spero Financial once their merger takes effect early next year.
August 24 -
The Nashville-based institution is still awaiting regulatory approval on a proposal to operate as a subsidiary of Fortera Credit Union.
August 24 -
The Federal Reserve could ease capital rules, foster the creation of special-purpose banks and take other steps to strengthen minority communities and businesses without legislation being sought in Congress — if it has the will to do so, experts say.
August 23 -
The St. Louis company is gaining a sizable Small Business Administration platform and several niche deposit teams. Keeping those specialists in the fold will be key to the acquisition's success.
August 21 -
Wirecard, which is trying to sell pieces of its embattled company while rivals pick up its clients, has struck a deal to sell its U.K. division, Wirecard Card Solutions, to Railsbank, an open banking and payments technology firm.
August 21 -
USAL Bancorp will have nearly $300 million in assets after it buys Escambia County Bank.
August 20 -
The company will pay $156 million for a bank with a large Small Business Administration lending platform.
August 20 -
The Missouri company 's deal for Clifford Bancshares is set to close later this year.
August 20 -
American Express isn't acquiring any loans in its deal for the online small-business lender. Here's what it is getting.
August 19 -
The deal for Our Community Bank comes two months after Crane agreed to acquire Community State Bank of Southwestern Indiana.
August 19 -
Crane Credit Union's deal for Our Community Bank comes two months after it agreed to acquire Community State Bank of Southwestern Indiana.
August 19
















