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A digital-first bank for south Florida

Independent Banker

Banking veteran Keith Costello cofounded Locality Bank, where he serves as president and CEO, to champion for south Florida small businesses financially affected by the pandemic. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career. By Katie Kuehner-Hebert.

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B2B Venture Capital Spans SMB Banking, V-Cards, Global Payments And More

PYMNTS

Investors backed a range of B2B FinTechs this week operating in areas including accounting, cross-border payments, virtual cards, expense management, cybersecurity and more. In total, more than $68 million in venture capital was announced — but that’s not counting the $130 million round for one U.K. Back Office.

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Here is The Math Behind the High-Yield Account

South State Correspondent

If you bank in a fast-growing state such as Nevada, Utah, Idaho, Arizona, Texas, Florida, or South Carolina, population and business formation growth result in lower acquisition costs. Not everyone needs rewards points, instant payments, or weekend service, but everyone needs cheap capital and more income.

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Wells Fargo Invests In DadeSystems With Series D Round

PYMNTS

Florida-based receivables FinTech DadeSystems has announced additional funding by Wells Fargo Strategic Capital as part of a Series D round. “ Wells Fargo Strategic Capital is one of the leaders in providing capital to growing FinTech companies,” said Bill Zayas, president and CEO of DadeSystems.

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WSFS wealth unit does deal to expand in Delaware, South Florida

American Banker

The Wilmington, Delaware, bank announced Tuesday that it had purchased Bell Rock Capital. WSFS' management said that legal troubles involving that investment advisory firm's founder won't affect the transaction.

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Small New Jersey bank eyes big expansion in wealth management

American Banker

Flush with capital from issuing subordinated debt, Peapack-Gladstone is exploring acquisitions in Florida and New York in an effort to generate more fee revenue.

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On-Demand Home Services Startup Homee Raises $15M

PYMNTS

Tampa, Florida-based startup Homee raised $15 million in series B funding led by Forté Ventures, VentureBeat reported on Tuesday (Aug. Funds also came from Liberty Mutual Strategic Ventures, Active Capital Partners, Florida Funders, Deepwork Capital and Engage. Providers regardless of size receive payment within 72 hours.

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