Blake Paulson

Valley National Bancorp Receives Regulatory Approval for the Acquisition of Bank Leumi USA From the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency

Retrieved on: 
Tuesday, January 4, 2022
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The acquisition remains subject to certain additional regulatory approvals, including by the New York State Department of Financial Services and the Bank of Israel, and other closing conditions, including approval by the shareholders of Valley.

Key Points: 
  • The acquisition remains subject to certain additional regulatory approvals, including by the New York State Department of Financial Services and the Bank of Israel, and other closing conditions, including approval by the shareholders of Valley.
  • As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with over $41 billion in assets.
  • To learn more about Valley, go to www.valley.com or call our Customer Care Center at 800-522-4100.
  • Bank Leumi Le-Israel Corporation is the U.S.-based holding company for Bank Leumi USA, a New York state chartered bank offering a full range of commercial loan and deposit products.

Colonial Federal Savings Bank Announces Depositor Approval of the Plan of Reorganization and Completion of the Subscription Offering

Retrieved on: 
Wednesday, December 29, 2021
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QUINCY, Mass., Dec. 29, 2021 /PRNewswire/ -- Colonial Federal Savings Bank (the "Bank") announced today that the Bank's depositors approved the Plan of Reorganization whereby the Bank will reorganize into the mutual holding company structure.

Key Points: 
  • QUINCY, Mass., Dec. 29, 2021 /PRNewswire/ -- Colonial Federal Savings Bank (the "Bank") announced today that the Bank's depositors approved the Plan of Reorganization whereby the Bank will reorganize into the mutual holding company structure.
  • Any questions regarding the reorganization or the offering may be directed to the Stock Information Center by telephone at (844) 301-2265.
  • CFSB Bancorp, Inc. will be the stock holding company for Colonial Federal Savings Bank upon the completion of the reorganization of the Bank into the mutual holding company structure and related stock offering.
  • Colonial Federal Savings Bank was founded in 1889 and currently operates three full-service banking offices and one limited-service banking office in Norfolk, County, Massachusetts.

NOLA Native Wayne Stewart Wins Varo® Bank's Customer Hero Award

Retrieved on: 
Tuesday, December 21, 2021
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SAN FRANCISCO, Dec. 21, 2021 /PRNewswire/ -- Varo Bank , N.A., the first all-digital nationally chartered bank in the US, today announced Wayne Stewart has received the Varo Hero Award.

Key Points: 
  • SAN FRANCISCO, Dec. 21, 2021 /PRNewswire/ -- Varo Bank , N.A., the first all-digital nationally chartered bank in the US, today announced Wayne Stewart has received the Varo Hero Award.
  • The Varo Hero Award exists to amplify the stories of Varo customers who embody Varo's vision for progress they are entrepreneurial, building toward their financial future and deeply engaged in their community.
  • Wayne is a New Orleans native and worked hard to put himself through culinary school.
  • Varo will announce a Varo Hero Award recipient each month stay tuned for future award winners!

WSFS Financial Corporation Receives All Required Approvals to Acquire Bryn Mawr Bank Corporation

Retrieved on: 
Monday, December 20, 2021
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WILMINGTON, Del. and BRYN MAWR, Pa., Dec. 20, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS) (“WSFS”), the parent company of WSFS Bank, and Bryn Mawr Bank Corporation (Nasdaq: BMTC) (“BMTC”), the parent company of The Bryn Mawr Trust Company, jointly announced that WSFS has received all required approvals to acquire BMTC, and to merge its primary subsidiary, Bryn Mawr Trust into WSFS Bank. The Board of Governors of the Federal Reserve System (the “Federal Reserve”) approved WSFS’ acquisition of BMTC, which is the final required regulatory approval for the proposed combination. With overwhelming approvals from WSFS and BMTC stockholders, and regulatory approvals from the Federal Reserve and WSFS Bank’s primary regulator, the Office of the Comptroller of the Currency, WSFS and BMTC expect to close the transaction on January 1, 2022.

Key Points: 
  • and BRYN MAWR, Pa., Dec. 20, 2021 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq: WSFS) (WSFS), the parent company of WSFS Bank, and Bryn Mawr Bank Corporation (Nasdaq: BMTC) (BMTC), the parent company of The Bryn Mawr Trust Company, jointly announced that WSFS has received all required approvals to acquire BMTC, and to merge itsprimary subsidiary, Bryn Mawr Trust into WSFS Bank.
  • We are pleased to have received all required approvals and are looking forward to consummating our combination shortly, said WSFS Chairman, President and Chief Executive Officer Rodger Levenson.
  • Its primary subsidiary, WSFS Bank, is the oldest and largest locally-managed bank and trust company headquartered in Delaware and the Greater Philadelphia region.
  • As used in this press release, the terms "WSFS", "the Company, registrant", "we", "us", and "our" mean WSFS Financial Corporation and its subsidiaries, on a consolidated basis, and the term BMTC means Bryn Mawr Bank Corporation and its subsidiaries, on a consolidated basis, unless the context indicates otherwise.

Webster, Sterling Announce Receipt of all Required Regulatory Approvals for Merger

Retrieved on: 
Monday, December 20, 2021
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As previously announced, the Office of the Comptroller of the Currency has also approved the merger of the respective bank subsidiaries of Webster and Sterling, Webster Bank, National Association and Sterling National Bank.

Key Points: 
  • As previously announced, the Office of the Comptroller of the Currency has also approved the merger of the respective bank subsidiaries of Webster and Sterling, Webster Bank, National Association and Sterling National Bank.
  • All required regulatory approvals to complete the merger have now been received.
  • The closing of the merger is expected to occur on or around February 1, 2022, subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement.
  • Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division.

VOYAGER DIGITAL ANNOUNCES BRIAN BROOKS, FORMER ACTING COMPTROLLER OF THE U.S. CURRENCY, JOINS BOARD OF DIRECTORS

Retrieved on: 
Monday, December 20, 2021
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NEW YORK, Dec. 20, 2021 /PRNewswire/ - Voyager Digital Ltd. ("Voyager" or the "Company") (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, is pleased to announce Brian Brooks has been appointed to Voyager Digital Ltd's Board of Directors effective immediately.

Key Points: 
  • NEW YORK, Dec. 20, 2021 /PRNewswire/ - Voyager Digital Ltd. ("Voyager" or the "Company") (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, is pleased to announce Brian Brooks has been appointed to Voyager Digital Ltd's Board of Directors effective immediately.
  • Philip Eytan, Chairman of Voyager Digital, said, "On behalf of the Board, I welcome Brian to the Board as an independent, non-executive Director."
  • Brian is currently CEO of Bitfury Group Ltd and was formerly the Acting Comptroller of the U.S. Currency at the Office of the Comptroller of the Currency and, before that, the Chief Legal Officer of Coinbase.
  • Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe.

CEO and Founder of Slutty Vegan ATL Pinky Cole Partners with Varo® Bank to Break Down Financial Barriers and Support Wealth Building for Atlantans

Retrieved on: 
Monday, December 13, 2021
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Pinky broke boundaries to achieve success on her own terms when she launched Slutty Vegan ATL, the plant-based Atlanta restaurant phenomenon with a national following.

Key Points: 
  • Pinky broke boundaries to achieve success on her own terms when she launched Slutty Vegan ATL, the plant-based Atlanta restaurant phenomenon with a national following.
  • Together, they aim to help Atlantans create a brighter future and gain financial ground during this holiday season.
  • Im so thrilled to partner with Varo as their mission truly resonates with what I represent and believe in.
  • Varo x Pinky Cole Giveback Sweepstakes: In January, Varo and Pinky will launch a community-based sweepstakes to provide opportunities for greater financial and professional empowerment.

Tassat Announces Executive Leadership Changes to Accelerate Growth of Digital Payments Platform

Retrieved on: 
Tuesday, November 30, 2021
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Tassat Group Inc. , the leading blockchain technology provider of digital payment systems for banks B2B clients, today announced three major appointments to its executive leadership team.

Key Points: 
  • Tassat Group Inc. , the leading blockchain technology provider of digital payment systems for banks B2B clients, today announced three major appointments to its executive leadership team.
  • The leadership selections come in response to growing interest in the TassatPay platform, which enables banks to issue cash-backed stablecoins, facilitating real-time payments for their B2B clients.
  • Kevin Lupowitz joined Tassat in 2018 and has led the companys strategic research and development initiatives.
  • Tassat is the digital payments platform that positions banks for the future of commercial banking, said Totaro.

Columbia Financial, Inc. Receives Regulatory Approvals for the Acquisition of Freehold Bank

Retrieved on: 
Wednesday, November 24, 2021
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FAIR LAWN, N.J., Nov. 24, 2021 (GLOBE NEWSWIRE) -- Columbia Bank MHC, Columbia Financial, Inc. (Nasdaq: CLBK) (the Company) and Columbia Bank (collectively, Columbia) today announced that Columbia and Freehold MHC, Freehold Bancorp and Freehold Bank (collectively, Freehold) have received the requisite regulatory approvals from the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the New Jersey Department of Banking and Insurance necessary to complete Columbias acquisition of Freehold.

Key Points: 
  • FAIR LAWN, N.J., Nov. 24, 2021 (GLOBE NEWSWIRE) -- Columbia Bank MHC, Columbia Financial, Inc. (Nasdaq: CLBK) (the Company) and Columbia Bank (collectively, Columbia) today announced that Columbia and Freehold MHC, Freehold Bancorp and Freehold Bank (collectively, Freehold) have received the requisite regulatory approvals from the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the New Jersey Department of Banking and Insurance necessary to complete Columbias acquisition of Freehold.
  • Columbia Financial, Inc. is a Delaware corporation organized as the mid-tier stock holding company of Columbia Bank.
  • Columbia Bank is a federally chartered savings bank headquartered in Fair Lawn, New Jersey.
  • Except as may be required by applicable law or regulation, the Company assumes no obligation to update any forward-looking statements.

Tassat Reports Record Interest in Its Blockchain-Based B2B Payments for Banks and Stablecoin Offering

Retrieved on: 
Wednesday, November 17, 2021
Technology, Legal, Insurance, Finance, Consulting, Banking, Professional Services, Other Technology, Networks, Internet, Hardware, Electronic Design Automation, Data Management, Security, Cloud, OCC, FDIC, Federal Deposit Insurance Corporation, Comptroller, CBIT, Platform, Financial services, 24/7 service, Twitter, Market share, Blake Paulson, Customer, New York State Department of Financial Services, LinkedIn, Blockchain-based database, Â, Cryptocurrency, Bank

Tassat Group Inc. , the leading blockchain-based B2B payments platform provider to U.S. banks, reports it has received a record number of inquiries from banks for its TassatPay platform, which enables banks to issue cash-backed stablecoins, facilitating real-time payments for their B2B clients.

Key Points: 
  • Tassat Group Inc. , the leading blockchain-based B2B payments platform provider to U.S. banks, reports it has received a record number of inquiries from banks for its TassatPay platform, which enables banks to issue cash-backed stablecoins, facilitating real-time payments for their B2B clients.
  • With the Presidents Working Group on Financial Markets calling for stablecoins to be issued by banks, Tassat reports record interest from U.S. banks wanting to participate in the global blockchain-based payments market, specifically around bank-issued stablecoins.
  • B2B clients recognize that blockchain-enabled payments offer better fraud protection, faster settlement and reduced inefficiencies while lowering their costs.
  • Since launching in 2018, Tassat has processed more than $220 billion in real-time secure payments within the U.S. banking system.