American Banker

OCTOBER 25, 2024

The Bank of New York Mellon and Japan's Mizuho Bank entered an agreement to grant their corporate clients access to the other's international trade network; New York-based lender Kapitus acquired Ten Oaks Commercial Capital; North Carolina's First Carolina Bank agreed to acquire Pennsylvania's BM Technologies; and more in this week's banking news roundup. (..)

North Carolina 28

North Carolina Pennsylvania New York Capital 28

American Banker

FEBRUARY 20, 2024

The Charlotte, North Carolina, company has agreed to sell its remaining 80% stake in its insurance brokerage unit to raise billions of dollars in cash and extra capital. The "wild card" is how Truist will deploy them, one analyst says.

North Carolina 41

North Carolina Charlotte Capital Cards 41

PYMNTS

JUNE 22, 2020

Cedar, a provider of technology focused on fostering smooth financial interactions between healthcare providers and patients, announced $102 million in new venture capital funding and a new business relationship with a provider network on Monday (June 22). In addition to $77 million in venture capital from the Menlo Park, Calif.-based

South Carolina 228

South Carolina North Carolina New York City New York 228

American Banker

JULY 25, 2024

The Raleigh, North Carolina-based bank grew loans and deposits in the second quarter as it won back business from former customers of the failed Silicon Valley Bank. First Citizens bought the remains of SVB last spring.

North Carolina 45

North Carolina Raleigh Capital Lending 45

American Banker

FEBRUARY 5, 2020

Organizers of Triad Business Bank have raised enough capital and have received approval from the FDIC.

North Carolina 41

North Carolina FDIC Capital Community Bank 41

PYMNTS

JANUARY 31, 2020

as well as venture capital operations powered by Massachusetts Mutual Life Insurance Co., Last year, the company added a second headquarters in North Carolina to join its New York location. Transamerica and Axa SA. The company, which launched in 2014, has $60 million in annual revenue, Bloomberg reported.

North Carolina 141

North Carolina Massachusetts Capital New York 141

American Banker

OCTOBER 22, 2020

Highlands Banking would be based in a community near the state's borders with Georgia and South Carolina.

North Carolina 45

North Carolina South Carolina Georgia Community 45

PYMNTS

JULY 12, 2020

a maker of engineered flow components in North Carolina and industrial automation provider Rockwell Automation Inc. Morgan Stanley reported a three-month average index of planned capital spending among U.S. Xylem expects to cut its annual capital budget by $40 million to roughly $200 million this year, he added.

North Carolina 161

North Carolina Wisconsin Software Capital 161

PYMNTS

JULY 7, 2020

Two weeks after nCino , the software provider for financial institutions (FIs), announced plans to go public , the North Carolina-based company is offering 7.6 The IPO management team includes BofA Securities, Barclays, KeyBanc Capital Markets, SunTrust Robinson Humphrey, Piper Sandler, Raymond James and Macquarie Capital.

Software 140

Software North Carolina San Francisco Capital 140

PYMNTS

APRIL 20, 2017

Just west of the Research Triangle in North Carolina, Charlotte’s technology industry has been slowly growing over the past few years. With this news, we decided to focus our Tech Center on the up-and-coming North Carolina city. million over the course of the next three years to build up a FinTech hub in Charlotte.

Charlotte 118

Charlotte North Carolina Community United States 118

American Banker

JUNE 12, 2020

Uwharrie Capital in North Carolina and Valley National in New York used their community connections to seek out small companies in need of loans from the Paycheck Protection Program. They found plenty of them.

North Carolina 59

North Carolina New York Community National 59

PYMNTS

JANUARY 8, 2019

The funding round was led by Benhamou Global Ventures (BGV) with additional capital from Btov. The company also partnered with online marketplace Aha in 2017 to debut an on-demand delivery service in Iceland’s capital, Reykjavik. Flytrex also has plans to expand into North Carolina.

North Carolina 111

North Carolina Company Security Course 111

American Banker

FEBRUARY 26, 2021

The bank, formed in 2019 when investors bought and recapitalized Sound Bank, will use the funds to hire lenders and improve its overall infrastructure.

North Carolina 37

North Carolina Community Bank Capital Community 37

PYMNTS

JUNE 22, 2020

Securities and Exchange Commission (SEC) on Monday (June 22), the North Carolina-based company said it plans to raise $100 million. KeyBanc Capital Markets and SunTrust Robinson Humphrey are also assisting with the proposed offering, along with Piper Sandler, Raymond James and Macquarie Capital. .

North Carolina 150

North Carolina Capital Software Security 150

PYMNTS

JULY 10, 2020

The Wilmington, North Carolina-based company nCino Inc., BofA Securities, Barclays, KeyBanc Capital Markets and SunTrust Robinson Humphrey are the management team behind the deal. In a filing with the Securities and Exchange Commission (SEC), the startup reported it plans to raise as much as $253.5 million by offering 7.6

North Carolina 197

North Carolina Software Compliance Security 197

PYMNTS

NOVEMBER 12, 2020

Beech Mountain Resort in North Carolina is now offering Affirm’s installment payment plans at checkout, and Affirm will soon be available at Valdez Heli-Ski Guides in Alaska, according to the press release. Affirm said its partners in the travel industry sector include Delta Vacations, Expedia, Outdoorsy and Priceline.

North Carolina 140

North Carolina San Francisco Alaska Payments 140

CB Insights

FEBRUARY 1, 2019

Using CB Insights data, we analyzed the most active venture capital firm in each state, based on unique tech investments from 2014 to 2019 YTD (1/24/19). We excluded debt deals and only considered venture capital, corporate venture capital, super angel, and growth equity firms. Merus Capital. BIP Capital.

United States 78

United States Capital DC Rhode Island 78

American Banker

MARCH 13, 2020

Triad Business Bank, which will immediately have offices in three cities, will debut next week.

North Carolina 41

North Carolina Community Bank Capital Community 41

PYMNTS

DECEMBER 28, 2020

Vancity said it has agreed to collaborate with North Carolina-based nCino to implement the latter’s Bank Operating System, which will replace its 15-year-old network. Coast Capital On The Innovations Driving CUs’ Digital-First Future. It also offers participating CUs customized consulting services.

North Carolina 197

North Carolina Houston Fraud Innovation 197

PYMNTS

FEBRUARY 19, 2020

Capital One closed 72 branches and opened four, and also outfitted some sites with free Wi-Fi, power outlets, snack machines and coffee bars, according to Wisewage. Conversely, JPMorgan Chase is opening branches, adding 50 locations in North Carolina alone. Wells Fargo plans to close 144 branches and open one.

New York 167

New York North Carolina US New York City 167

PYMNTS

MARCH 15, 2019

The upcoming launches in the Midwest – in one city that is considered the capital of the region, and in another that is a growing destination for young, digitally-minded professionals, including those priced out of the Chicago housing market – represent more significant progress for the new mobile network technology. 5G Potential.

Mobile 168

Mobile Indianapolis North Carolina Minneapolis 168

Jeff For Banks

DECEMBER 10, 2023

Total return includes two components: capital appreciation and dividends. It is a Minority Depository Institution (MDI) and is one of only a few North Carolina banks designated by the U.S. As both an MDI and CDFI, it applied for and received $80 million from the Emergency Capital Investment Program (ECIP) distributed by the U.S.

Fresno 98

Fresno North Carolina Raleigh FDIC 98

PYMNTS

DECEMBER 16, 2019

The holidays are unfortunately one of the busiest times of the year for fraudsters looking to capitalize on the surge of shopping and payments activity. 200,000 was reportedly stolen from the Salvation Army at its North Carolina district headquarters. ’Tis the season for corporate fraud? In the U.S.,

Fraud 149

Fraud North Carolina Payments Delaware 149

PYMNTS

AUGUST 29, 2019

The company, which is based in both Switzerland and Singapore, has been talking with regulators and petitioned for a capital markets services license, which will allow the firm to offer asset management as a first step into financial services, co-founders Mathias Imbach and Gerald Goh said, according to Deal Street Asia.

Bitcoin 101

Bitcoin North Carolina blockchain San Francisco 101

PYMNTS

APRIL 15, 2020

“With clear signs of panic buying of necessities and the fact that lockdowns were introduced only around the middle of the month means that far worse is to come in April and the second quarter more generally,” Capital Economics Senior U.S. Economist Michael Pearce wrote in a note Wednesday. Credit Suisse economist James Sweeney agreed.

Retail 132

Retail North Carolina Comparison Charlotte 132

PYMNTS

JUNE 3, 2019

Fluree, a database management startup based in North Carolina, has raised $4.7 million in a funding round to develop blockchain and integrate it into its database technology, according to a report. The funding round was led by 4490 Ventures. Also participating in the round was Revolution’s Rise of the Rest Seed Fund.

blockchain 145

blockchain Management North Carolina Bitcoin 145

PYMNTS

DECEMBER 9, 2019

Founded in 2000 by CEO Michael Praeger, the Charlotte, North Carolina-based firm provides software that automates payments, invoicing and accounting for small and mid-sized businesses (SMBs). Investment bank Financial Technology Partners is advising AvidXchange on this fundraising round, according to sources.

North Carolina 130

North Carolina Nashville Charlotte Boston 130

PYMNTS

NOVEMBER 9, 2018

The company plans to open its first international office following the investment, which was led by Dawn Capital, said reports in CBR Online. This week, the firm announced $30 million in funding from private investment platform Morgan Stanley Expansion Capital, according to a press release. SESAMi/Capital Match.

Software 158

Software Capital North Carolina San Francisco 158

PYMNTS

MAY 3, 2017

The $3 million in funding was led by Thrive Capital, including participation from SV Angel, Techstars, FJ Labs, Corigin Ventures, MetaProp and a number of angel investors, reported TechCrunch. The platform is licensed in Colorado, Florida, Georgia, Maryland, Minnesota, North Carolina, Oregon, Tennessee, Virginia and Washington, D.C.

North Carolina 100

North Carolina Online Tennessee Minnesota 100

PYMNTS

AUGUST 10, 2016

According to the report, the insurance companies that were affected by the cybersecurity breach include Blue Cross Blue Shield of Kansas City, Blue Cross Blue Shield of North Carolina, HealthNow New York, BlueCross BlueShield of Western New York, BlueShield of Northeastern New York, Capital District Physicians’ Health Plan, Gateway Health Plan, Highmark (..)

Kansas City 100

Kansas City West Virginia North Carolina Company 100

PYMNTS

JULY 29, 2020

If fleets of unmanned aerial vehicles (UAVs) battling for commercial control of the air sounds too much like a “South Park” episode, consider the venture capital and logistical planning, public and private, being expended on the proposition. And the market potential is promising, with some exceptions. Flytrex’s U.S.

North Carolina 183

North Carolina Training System User Experience 183

American Banker

JULY 5, 2016

North Carolina has lost more than 40% of its banks in the past decade, creating a new tier of larger institutions. More deals are expected to occur, raising questions about the pace of M&A and the fate of those bigger banks.

North Carolina 37

North Carolina Community Bank Capital Community 37

PYMNTS

AUGUST 29, 2016

Managing Partner at GGV Capital Hans Tung also stated: “After China, the industry will consolidate in other markets. Conventional industries typically require huge capital outlays in infrastructure and to cover fixed costs, such as office space, equipment and skilled manpower. There will be a dominant number one.”

North Carolina 101

North Carolina Capital Comparison Industry 101

Abrigo

JANUARY 15, 2015

• Charlotte, North Carolina – Park Sterling Bank ($263 million). Flagstar capitalizes on going local, too. The cities were chosen randomly, but are listed below in alphabetical order. For each city, highlighted is the top community bank by mortgage volume, along with their residential loan figure.

Cleveland 150

Cleveland Detroit Michigan Community Bank 150

PYMNTS

NOVEMBER 8, 2019

The flights originated from a CVS location in North Carolina and flew to the homes of customers autonomously. (A H&M, the second-largest clothing store, and IKEA, the largest furniture retailer worldwide, have been making venture capital investments into a variety of technology companies.

Retail 101

Retail New York North Carolina Virginia 101

Abrigo

OCTOBER 29, 2014

The OCC on Oct. While the target audience of the OCC release is somewhat narrow in scope (banks regulated by the OCC in the Northeastern District), other banks may benefit from reflecting upon their own processes and results to ensure they are sound in areas which may soon receive additional attention.

Rhode Island 236

Rhode Island District of Columbia New Jersey West Virginia 236

American Banker

MARCH 11, 2016

Ray Grace, North Carolina's banking commissioner, believes federal bank regulators should embrace charters for banks dedicated to innovation. Doing so, he said, would help the banking industry secure its spot as a "laboratory for change.".

North Carolina 28

North Carolina Regulation Innovation Security 28