Americas

The coronavirus outbreak initially looked like it might torpedo U.K.-based Paysafe’s plan to expand in the U.S. in 2020. But several months into the pandemic, the payments conglomerate sees ways it can grow by helping bruised small businesses retool operations.

The company will pay an undisclosed amount of cash for Marshall Financial, the parent of Citizens Bank.

Delmar Bancorp will lose its regionally associated brand when it becomes Partners Bank.

Along with the assets-under-management milestone, Michigan Business Connection noted that its partner credit unions have financed more than 1,000 Paycheck Protection Program loans.

Over 90% of loans from CUs in the Empire State are eligible for forgiveness using the $150,000 threshold.

Members who use the account, which should be available starting in 2021, will manage it through Google Pay.

The New York companies plan to move ahead with their proposed deal despite challenges created by the coronavirus pandemic.

Mark Turnham is set to retire from the Portland, Ore.-based credit union, having worked there since 1980.

The deal will give ORNL access to three additional counties in the region.

Jared Freeman will take over at the Harahan, La.-based institution having previously served in leadership roles at a variety of other credit unions.