Remove Capital Remove Indianapolis Remove Operations
article thumbnail

Analyst Insights: Two Banks that Deliver to Shareholders

Jeff For Banks

Raised capital in late 2019. Entered Indianapolis on 5/2021, a top 2 Midwest market with Columbus, another market $CFBK is in. Entered Indianapolis on 5/2021, a top 2 Midwest market with Columbus, another market $CFBK is in. 14/25 Capital priorities for banks: 1. I will highlight $QCRH and $CFBK. shareholder value.

Columbus 102
article thumbnail

B2B Financing Firm FreightRover Reportedly Impacted By Celadon Fraud Scam

PYMNTS

The Indianapolis-based firm, which works to accelerate B2B payments to truck operators, apparently has removed its CEO and COO — the result of a financial accounting scandal at another trucking firm where FreightRover executives had worked. The problems reportedly stem not from FreightRover, but from Celadon Group Inc.,

Fraud 135
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Coronavirus Triggers Furloughs For Over 1K Workers At Simon-Owned Malls

PYMNTS

The furloughs affect employees at Simon’s Indianapolis headquarters as well as at its malls and outlets nationwide, a source familiar with the situation told CNBC. Macy’s said on Monday (March 30) that it was using the “absolute minimum workforce needed to maintain basic operations.” The biggest mall owner in the U.S.

article thumbnail

Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

The announcement from the mobile network provider serves as the latest demonstration that 5G is coming, and that retailers and payment services providers should get ready to operate in the 5G world. 5G Potential.

Mobile 168
article thumbnail

Freight Firm Celadon Settles Accounting Fraud Claims

PYMNTS

Indianapolis-based freight trucking company Celadon Group has agreed to pay its investors $42.2 Celadon reported $856 million in revenue in 2017 in truckload operations, making it the 13th largest operator in the sector. million after filing false financial statements and lying to auditors.

Fraud 108
article thumbnail

UnitedHealth Will Pay $3.2B For Payments Co Equian

PYMNTS

Equian, which is owned by New Mountain Capital , does payment processing operations for insurers and healthcare companies, and highlights its process for reducing overpayment mistakes. UnitedHealth Group , the parent company of the largest U.S. billion, according to a report by The Wall Street Journal.

article thumbnail

Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

This belief is based on “the Company’s operating plan, that current working capital and expected continued inventory and capital expenditure financing is sufficient to fund operations and satisfy the Company’s obligations.”. Ontario (L.A.), Oklahoma City, and Memphis. It is only part of a stepped-up marketing effort.

Company 130