Finance

With a hand from Geezeo, Jack Henry is rolling out a product that will guide consumers in managing their finances and is said to give banks better insights.

The New Orleans company, which recently sold nine branches and $1.3 billion in loans, was ordered to raise more capital or find a buyer.

First Busey will pay $133 million in cash and stock for Mid Illinois in a deal that should close later this year.

Several startups have announced new funding rounds in the last month. They plan to use the cash to improve their products and ramp up sales.

Banks that are customers of one or both vendors may look to leverage the situation to get better terms for certain products. But would small clients get enough attention from the global player the merger would create?

Lower tax rates won’t be unqualified good news for banks, as a lower rate would reduce the savings that they get from making tax-exempt loans to cities, counties and other governmental agencies.

Seoul-based Viva Republica, which is seeing brisk growth with Toss, its person-to-person payments app, recently drew $48 million in venture capital funding. The series C funding round was led by Silicon Valley’s Goodwater Capital, along with PayPal, Bessemer Venture Partners, Altos Ventures and Partech Ventures.

The private-equity firm Vista Equity Partners will acquire D+H in a deal valued at $3.57 billion.

Farmers National will pay about $7.8 million in cash and stock for the $43.3 million-asset Monitor in a deal that should close in the second or third quarter.

The fintech firm will use the $5.5 million in funding to expand its operations and improve its products.

State Bank of Texas, which bought the failed Seaway Bank in January, is selling nine branches to Self-Help Credit Union.

Pinnacle Financial wanted to be in high-growth markets. BNC Bancorp saw more regulatory burden looming and limited opportunities to sell itself. Those factors spurred what is currently the year's second-biggest bank deal.

The mutual's conversion could bring in up to $22.5 million in proceeds.

Innovate Indiana is taking part in a $2.6 million investment in Rippleshot, a company that uses artificial intelligence to detect card fraud.

The cross-border payments startup will use proceeds from its Series D round to fuel growth.

Qapital's funding round comes as banks are increasingly adding money management tools to their mobile apps.

ID.me raised $19 million in a Series B round that was led by FTV Capital and included USAA.

Investar will pay $46 million in cash for Citizens, which has three branches and $246 million in assets.

The company also seems to be shifting the narrative to operational performance after addressing claims of questionable insider dealings.

San Francisco-based Align Commerce, which leverages blockchain and other technologies to enable cross-border payments for small- to midsize businesses, has rebranded itself as Veem and landed $24 million in funding to expand its operations.