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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. After looking at the consolidation in our market, we concluded that the lack of community banks was the reason.”. Keith Costello, Locality Bank.

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Fauci: Florida Could Be At Risk After Lifting Restaurant Restrictions

PYMNTS

Anthony Fauci , the government's top expert on infectious diseases, isn't a fan of Florida's recent lifting of nearly all remaining coronavirus restrictions. Ron DeSantis ' decision to allow bars and restaurants to operate at full capacity is "very concerning" and that the state is "really asking for trouble.".

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$175M Acquisition Turns Community Bank Into Fintech Player

Bank Innovation

Community banks can also play the fintech game. — was acquired by Flagship, a Florida-based community bank, for $175 million. “We BankMobile — the digital bank, formerly a division of Customers Bancorp Inc. We are an independent bank,” said Luvleen Sidhu, BankMobile’s co-founder, regarding the acquisition. “We

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Best Community Banks to Work For 2022

Independent Banker

Community Financial Services Bank, Benton, Ky.; In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. We don’t operate from a position of fear.”. Bank of Montana, Missoula, Mont.; By Roshan McArthur.

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Florida Man Sentenced For Processing More Than $10 Million In Illegal Bitcoin Transactions

PYMNTS

A Florida man was sentenced to 5 1/2 years in prison for helping criminals process millions of dollars in illegal bitcoin transactions. According to AP News , Anthony Murgio of Tampa pleaded guilty earlier this year to conspiracy charges for enticing friends and family members to help him operate an illegal money exchange business.

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Small Business Resiliency in South Florida

PopularBank

With South Florida Region Executive Israel Velasco. The impact of COVID-19 has dramatically affected our small business community. Nonessential businesses were forced to close their doors and unemployment in South Florida has outpaced much of the United States. This activity signals promise for South Florida.

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Top 5 Emerging Fintech Hubs in The U.S.

Bank Innovation

Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. These cities boast strong tech communities, talent pools, good coffee, and cheaper rents. Cities in Georgia, Texas, Florida, and […].