Fintech

The Tennessee company said Rob Garcia will be in charge of building a commercial banking team in the city.

The company will pay $94 million for a bank with operations in New Jersey's Somerset and Morris counties.

Steve Streit, who founded the prepaid card pioneer Green Dot and spent two decades as its chief executive, has announced plans to retire as part of a shakeup at the top of the company.

Steve Streit is retiring as part of a shakeup in the firm's management ranks. The Pasadena, Calif.-based company that he founded in 1999 has been suffering amid new competition from challenger banks.

The Mississippi company will also top $4 billion in assets when it buys Southwest Georgia Financial.

The Pennsylvania company will pay $65 million for six branches that will join its Buffalo, N.Y., division.

The company, which recently bought Monument Bank, has agreed to acquire Covenant Financial.

A dearth of bigger acquirers will likely force more banks with less than $2 billion in assets ⁠to seek out their own deals.

Payrailz, a payments startup launched that leverages AI to streamline bill payments and money transfers, will integrate its platform with Mastercard Bill Pay Exchange to explore ways to enhance the consumer bill payment experience.

The New Jersey company paid $336 million for all stock owned by Blue Harbour Group.