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Community Banks Debut FinTech Alliance

PYMNTS

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. Arizona, which launched a “sandbox” earlier this year, said last week that there is a new participant in that FinTech-driven initiative.

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Nuro Raises $940M From SoftBank For Robotic Delivery

PYMNTS

In a press release , the company said that to date, it has raised more than $1 billion from SoftBank, Greylock Partners and Gaorong Capital. It also licensed its self-driving technology to Ike, an autonomous trucking company, and rolled out the first unmanned delivery service in Arizona. It will also bring on more employees.

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The Bank Legacy Is Dead: Long Live the Fintech Collision

Gonzobanker

It’s been a long two years since bankers and investment bankers nationwide made their annual pilgrimage to the Arizona desert for the Acquire or Be Acquired conference – and ohhh man, a completely different world has emerged since the January 2020 get-together! Let’s put COVID aside for a minute. price/book multiple.

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Stuck in the middle: Addressing the gap in senior housing with financial solutions.

PopularBank

And as soon-to-be retirees explore housing options in Florida, Arizona, the Carolinas and other popular retirement states, a higher cost of living and a shortage of middle-market senior housing are raising concerns for those ready to embark on a fixed income lifestyle. Consider strategic acquisition. appeared first on Blog Popular Bank.

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Bank Shareholder Liquidity Matters

Jeff For Banks

Annually 1,500 bankers and those that advise them gather in the Arizona desert for Bank Director's Acquire or Be Acquired (AOBA) conference. Suncrest started in 2008 with a $19 million capital raise, and did three small follow-ons of $5, $8, and $7 million to support growth. Suncrest sold in 2022 to CVB Financial Corp.

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One SME Lender’s Take On Regulation And Transparency

PYMNTS

in particular, a cross-section of states that CEO Douglas Bystry says has its own unique demands and impacts on regional economies. A Regional Reach. The company takes a more narrow focus to small business lending than some other FIs by targeting the western U.S.

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Banking's Total Return Top 5: 2016 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. billion in asset company headquartered in West Virginia, providing community banking services primarily in the Eastern Panhandle and South Central regions of the state, and the Northern and Shenandoah Valley regions of Virginia. million on assets of $1.5