Remove Capital Remove Marketing Remove Pennsylvania
article thumbnail

Digital Car Insurer Metromile To Go Public Through Merger With INSU II

PYMNTS

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

Arizona 264
article thumbnail

City National Bank of Florida's new biz, Orrstown Financial downsizes

American Banker

City National Bank of Florida is starting a national capital markets division, Orrstown Financial will close branches in Pennsylvania and Maryland, JPMorgan Chase announces in-store biometric payments and more in this week's banking news roundup.

Florida 41
Insiders

Sign Up for our Newsletter

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

article thumbnail

Here Is the Latest Credit Data To Keep Your Bank Safe

South State Correspondent

As the risk of a recession gets pushed out by the market, so does the risk of credit. This data is critical for pricing, capital allocation, and marketing. The Midwest continues to perform the best, followed by Pennsylvania. When you write a blog, your work is there for all to see.

Data 195
article thumbnail

NXTsoft Names Chuck Diulus as Chief Revenue Officer

Bobsguide

Diulus, a graduate of The Pennsylvania State University, has over 30 years’ experience in EFT, banking and Fintech industries. I look forward to working with all facets of the organization to capitalize on their momentum in the space and to continue to grow the company with great success,” he said. About NXTsoft.

article thumbnail

New Unemployment Claims Down 48K To 709K

PYMNTS

The COVID-19 vaccine is expected to have a positive effect on the labor market and other areas of the economy. Continued jobless claims — people filing for more than two weeks in a row — were 6.8 The highest insured unemployment rates in the week ending Oct. and Alaska (6.1). The largest increases in initial claims for the week ending Oct.

article thumbnail

Commercial Credit Trends – Where to Tread Carefully

South State Correspondent

This data is critical for pricing, capital allocation, and marketing. The Midwest continues to perform the best, followed by Pennsylvania. ” The reality is that banks should be much more granular than that to allocate capital more efficiently. Once again, it is time to play more defense.

Trends 195
article thumbnail

Malvern hires activist investor as outside consultant

American Banker

Lawrence Seidman will provide capital markets advice and financial analysis to the Pennsylvania company.