Treasury management

Fifth Third Announces Acquisition of Rize Money, Inc.

Retrieved on: 
Monday, May 22, 2023
Professional Services, Payments, Technology, Software, Finance, Fintech, Banking, Treasury, Risk management, Treasury management, Fifth Third Bank, Acquisition, FITB, Financial services

Embedded payments is a core component of Fifth Third’s leading Treasury Management business, supporting clients who value scale, risk sophistication and full range of payment types.

Key Points: 
  • Embedded payments is a core component of Fifth Third’s leading Treasury Management business, supporting clients who value scale, risk sophistication and full range of payment types.
  • “This acquisition is another example of Fifth Third’s commitment to leveraging technology and innovation for the benefit of our clients,” said Bridgit Chayt, head of wholesale payments at Fifth Third Bank.
  • "Fifth Third Bank’s track record in this space and dedication to empowering its clients with financial technology innovation continues to impress us," said Howell.
  • The acquisition was made by an indirect wholly owned subsidiary of Fifth Third and financial terms of the transaction were not disclosed.

ChoiceOne Bank Announces Industry-Leading Technology Advanced Treasury Services for Business Customers

Retrieved on: 
Friday, May 19, 2023
Today, Treasury, API, Treasury management, One Communications, ACH, Cryptocurrency, Online shopping

SPARTA, Mich., May 19, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to announce advancements in their Treasury Management services offering more sophisticated solutions for small, mid-sized and large business customers.

Key Points: 
  • SPARTA, Mich., May 19, 2023 /PRNewswire/ -- ChoiceOne Financial Services, Inc., and ChoiceOne Bank (NASDAQ: COFS) ("ChoiceOne") are pleased to announce advancements in their Treasury Management services offering more sophisticated solutions for small, mid-sized and large business customers.
  • These advances include industry-leading technology to support customers' payment, reporting, and security needs supported by local experts in our Treasury Support team.
  • "Celebrating our 125th Anniversary this year, ChoiceOne has built our reputation on providing customers innovative technologies and high-performing solutions," said ChoiceOne CEO Kelly J. Potes.
  • "Today, our enhanced Treasury Management platform seamlessly supports the current demands of our business customers – large and small – as well as meet their long-term needs as they grow and require more advanced, sophisticated services."

Metropolitan Commercial Bank Furthers its Reach in the Title and Escrow Deposit Vertical

Retrieved on: 
Wednesday, May 17, 2023
Professional Services, Other Professional Services, Finance, Asset Management, Banking, Personal Finance, Treasury management, Senior, Commercial bank, Internal Revenue Code section 1031, Old National Bank, Accounting, Citizens Financial Group, Huntington Bancshares, Bank, Fifth Third Bank, Commercial property, Security (finance), Escrow, Title

Metropolitan Commercial Bank (the “Bank”), a New York City-based full-service commercial bank, announced today the further expansion of their Title and Escrow Deposit Vertical with the appointment of two veteran Title and Escrow banking professionals from Fifth Third Bank.

Key Points: 
  • Metropolitan Commercial Bank (the “Bank”), a New York City-based full-service commercial bank, announced today the further expansion of their Title and Escrow Deposit Vertical with the appointment of two veteran Title and Escrow banking professionals from Fifth Third Bank.
  • “Rob and Nowanna are a great fit to assist in expanding our Title and Escrow group,” said Mark R. DeFazio, President and CEO of Metropolitan Commercial Bank.
  • “Metropolitan Commercial Bank continues to identify the right teams as well as the right business lines on which to focus.
  • We heartily welcome this team of experienced professionals to the Metropolitan Commercial Bank family,” said Laura Capra, Executive Vice President and Head of Retail Banking for Metropolitan Commercial Bank.

CF BANKSHARES INC., PARENT OF CFBANK NA, REPORTS RESULTS FOR THE 1ST QUARTER 2023

Retrieved on: 
Wednesday, May 10, 2023
DTC, Cash management, Pressure, Treasury management, CFBK, Treasury, ROA, SBA, Consumer, Growth, Commercial, Bank, National Association, Credit, Environment, ROE, CF, W Holding Company, Cryptocurrency, Life insurance, Airline, Video game, Real estate

COLUMBUS, Ohio, May 10, 2023 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, National Association ("CFBank"), today announced financial results for the first quarter ended March 31, 2023.

Key Points: 
  • COLUMBUS, Ohio, May 10, 2023 /PRNewswire/ -- CF Bankshares Inc. (NASDAQ: CFBK) (the "Company"), the parent of CFBank, National Association ("CFBank"), today announced financial results for the first quarter ended March 31, 2023.
  • At March 31, 2023, CFBank's primary and secondary liquidity (cash plus available borrowing capacity) totaled $565 million.
  • Noninterest income for the quarter ended March 31, 2023 totaled $719,000 and increased $68,000, or 10.5%, compared to $651,000 for the prior quarter.
  • Noninterest income for the quarter ended March 31, 2023 decreased $327,000, or 31.3%, compared to $1.0 million for the quarter ended March 31, 2022.

Corpay Announces New Collaboration with Sunflower Bank, N.A.

Retrieved on: 
Tuesday, May 9, 2023
Technology, Banking, Professional Services, Payments, Partnership, Treasury management, Common sunflower, Multimedia, FLT, Treasury, Knowledge, Growth, SVP, NYSE, Bank

Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay’s Cross-Border business has entered into a new collaboration with Sunflower Bank, N.A.

Key Points: 
  • Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay’s Cross-Border business has entered into a new collaboration with Sunflower Bank, N.A.
  • (“Sunflower Bank”).
  • “Corpay is very pleased to announce our commercial partnership with Sunflower Bank.
  • We look forward to being able to benefit more businesses as a result of this partnership,” added Layne Nunes, SVP, Treasury Management Director at Sunflower Bank.

Peapack-Gladstone Financial Corporation Reports First Quarter Results and Announces 5% Stock Repurchase Program

Retrieved on: 
Tuesday, April 25, 2023
NIM, Natural borrowing limit, Insurance, Federal Home Loan Banks, Federal Reserve Bank, Acquisition, Treasury management, Capital market, NII, Federal, LIBOR, Fed, FDIC, Sale, Treasury, Federal Reserve, Investment, CRA, SBA, Growth, Environment, C&I, Life insurance, Total, Safety, Legislation, Bank

The December 2022 quarter included $200,000 of expense related to accelerated vesting of restricted stock related to one employee.

Key Points: 
  • The December 2022 quarter included $200,000 of expense related to accelerated vesting of restricted stock related to one employee.
  • For the March 2023 quarter, PPWM generated $13.8 million in fee income, compared to $13.0 million for the December 31, 2022 quarter and $14.8 million for the March 2022 quarter.
  • Noninterest income from Capital Markets activities (detailed below) totaled $966,000 for the March 2023 quarter compared to $950,000 for the December 2022 quarter and $4.7 million for the March 2022 quarter.
  • The March 2022 quarter results were driven by $2.8 million in gains on sales of SBA loans and $1.6 million in Corporate Advisory income.

Cambridge Savings Bank Supports ROC USA’s Mission to Improve Affordable Housing Options in the Northeast with $15.3 Million in Lending Since 2021

Retrieved on: 
Wednesday, April 12, 2023
Other Philanthropy, Construction & Property, Finance, Banking, Small Business, Professional Services, Philanthropy, Residential Building & Real Estate, Innes, Partnership, Treasury management, Housing, Freedom, Homelessness, Savings bank, KDE, Royal arms of England, Eviction, Acquisition, CDFI, East Cambridge Savings Bank, Water, Community development financial institution, Caritas Communications, Community development, CSB, Trade Services Utility, Cooperative, Cryptocurrency, Bank, ROC

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has provided $15.3 million in financing to ROC USA ® since 2021.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has provided $15.3 million in financing to ROC USA ® since 2021.
  • ROC USA provides training to affiliate nonprofits and homeowners in resident-owned communities (ROCs), as well as financial resources to help families build wealth through collective ownership.
  • The bank also donated to Cambridge Housing Authority and Caritas Communities to support programs focused on combating homelessness in Boston last year.
  • To learn more about CSB’s custom lending solutions, please visit cambridgesavings.com or contact Adam Bispham at [email protected] .

Webster Bank Announces Two Promotions

Retrieved on: 
Wednesday, April 5, 2023
Banking, Professional Services, Indiana University, University of Colorado Denver Business School, Treasury management, University, Senior, Private, Sponsor, Business, Asset-based lending, Webster Bank, MBA, Commercial property, Commercial bank, Sterling Bancorp, Public sector banks in India, Sterling, Commercial, Bank, Real estate, Cryptocurrency, Management

Webster Bank announced today that two members of its executive management team have been promoted.

Key Points: 
  • Webster Bank announced today that two members of its executive management team have been promoted.
  • Luis Massiani has been promoted to Senior Executive Vice President and appointed President of Webster Bank.
  • He continues in his role as Chief Operating Officer, a role to which he was appointed in January 2022 in connection with the completion of the merger of equals between Webster Bank’s holding company, Webster Financial Corporation, and Sterling Bancorp (collectively with Sterling National Bank, “Sterling”).
  • “I am pleased to elevate these two exemplary leaders and recognize their outstanding contributions to the Company,” said John R. Ciulla, President and CEO of Webster Financial Corporation and CEO of Webster Bank.

R&T Deposit Solutions Appoints Tom Ormseth as Executive Vice President, Head of Banking

Retrieved on: 
Monday, April 10, 2023
Treasury, Treasury management, EVP, Information technology, American Banker, Wintrust Financial, Transaction banking, ABN AMRO, Growth, Digital, R, Bank, Cryptocurrency

NEW YORK, April 10, 2023 /PRNewswire/ -- Reich & Tang Deposit Networks, LLC (d/b/a R&T® Deposit Solutions) (R&T), a leading deposit, liquidity and cash management solutions firm, announced today that Tom Ormseth has joined the firm as EVP, Head of Banking.

Key Points: 
  • NEW YORK, April 10, 2023 /PRNewswire/ -- Reich & Tang Deposit Networks, LLC (d/b/a R&T® Deposit Solutions) (R&T), a leading deposit, liquidity and cash management solutions firm, announced today that Tom Ormseth has joined the firm as EVP, Head of Banking.
  • "Tom's deep understanding of emerging digital banking technologies will help drive growth" - Steve Genereau, EVP
    "We are thrilled to welcome Tom to our executive leadership team.
  • With over 29 years in the banking industry, he is a tremendous asset to R&T," expressed Joe Jerkovich, CEO of R&T.
  • In his most recent role of EVP, Digital Channels and Transaction Banking, Tom managed all digital channels for both retail and commercial banking, product management, Treasury Management, International Banking and payment capabilities.

GBank Financial Holdings Inc Pleased to Announce that GBank Appoints New Chief Operating Officer

Retrieved on: 
Tuesday, April 4, 2023
Online, Science, Common stock, Partnership, Treasury management, Moses Austin, University, Credit card, Culture, BankCard Services, COVID-19, Fintech, Deposit, Real-time, Press release, Business administration, The Company, Regulation, SBA, Small business, Growth, Bank, BCS, Boy Scouts, Paycheck Protection Program, Security (finance)

LAS VEGAS, April 4, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), is pleased to announce that Tara A. Campbell has been appointed Executive Vice President and Chief Operating Officer (COO) of GBank, effective April 3, 2023.

Key Points: 
  • LAS VEGAS, April 4, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), is pleased to announce that Tara A. Campbell has been appointed Executive Vice President and Chief Operating Officer (COO) of GBank, effective April 3, 2023.
  • Prior to joining GBank, Ms. Campbell was Director of Operations at Dallas Capital Bank.
  • Tara understands this culture and the values that have helped drive GBank to more than 15 years of expansion."
  • GBank Financial Holdings Inc. (the "Company") ( GBFH ), a bank holding company with approximately $678.7 million in assets at December 31, 2022, conducts business through its wholly owned subsidiary, GBank (formerly known as "Bank of George") (the "Bank").