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Commercial Banking Press Releases

Wallis State Bank Announces Expansion Plans

In response to an increased demand for services, Wallis State Bank, a Houston-based full-service community bank, has announced an initiative to support the company’s anticipated business growth over the long term. Wallis State Bank’s expansion plan parallels its current marketing…

Wallis State Bank Announces Rebrand

Wallis State Bank, a full-service community bank based in Texas, has announced a major rebranding to reflect the company’s recent nationwide expansion. The comprehensive rebrand will include an updated logo, website refresh and new company name: Wallis Bank. Wallis Bank…

Marathon Changes Name to Reflect Expanding Customer Base

Marathon Changes Name to Reflect Expanding Customer Base

Marathon Bank, formerly known as Marathon Savings Bank, recently changed its name to better align with the company’s expanding services and goals and to accommodate its growing customer base. Marathon Bank previously defined its focus around retail and mortgage banking…

Regal Software Signs Agreement With Mastercard to Provide a Turnkey Corporate Virtual Card Platform to Regional and Community Banks

Regal Software today announced an agreement with Mastercard to provide a turnkey solution for financial institutions that today do not have an integrated payables platform which offers virtual card payments to their corporate customers. RegalOne®, the new application, will enable…

Pineapple Payments Acquires Chicago Technology Company Transax

Pineapple Payments, a payment processing technology company, today announced that it has acquired Transax, a payments-focused software company that offers a full-service payment gateway and other omni-channel payment enablement tools for merchants and integrated software providers. Transax will remain in…

Lendistry Becomes a Member of the Federal Home Loan Bank of San Francisco

Lendistry announced today that it has been approved for membership by the Federal Home Loan Bank of San Francisco. The technology-enabled small business lender will leverage the bank to offer affordable commercial real estate financing with a focus on serving…

Signature Bank of Georgia Completes $9.5 Million Capital Raise

Signature Bank of Georgia successfully completed a private placement of 13,533,240 shares at $0.70 per share for gross proceeds of $9.5 million. The offering was oversubscribed by nearly $2 million. The bank intends to use the net proceeds in supporting organic loan…

Contract Simply Uncovers $40 Billion of Excess Costs in Construction Industry

Contract Simply, an automated workflow solution that reduces risk in construction loans, released its 2018 Construction Payments Report today at American Banker’s Digital Banking conference. Contract Simply conducted an industry-wide study to evaluate how slow payments affect development project costs, risks…

First Capital Bancorp Inc. and The First National Holding Company of Jackson Agree to Acquisition Transaction

First Capital Bancorp Inc. and The First National Holding Company of Jackson today announced they have entered into an agreement for First Capital Bancorp to acquire all of the outstanding shares of The First National Holding Company for cash. The transaction is…

Nebraska Small Business Defaults Up in December, Borrowing Down

Nebraska Small Business Defaults Up in December, Borrowing Down

​Data released by PayNet indicate that more small businesses defaulted on loans in Nebraska and the level of borrowing activity worsened in December 2017. The indices suggest that financial conditions in the state may weaken. The PayNet Small Business Default…

Missouri Small Business Defaults Down in December, as is Borrowing

Missouri Small Business Defaults Down in December, as is Borrowing

​Data released by PayNet illustrate that a smaller number of small businesses defaulted on loans in Missouri and the level of borrowing activity fell in December 2017. The data suggest that financial conditions in the state may improve. The PayNet…

Minnesota Small Business Defaults Down in December, Borrowing Up

Minnesota Small Business Defaults Down in December, Borrowing Up

The percentage of small firms defaulting on loans has improved in Minnesota and the level of borrowing activity improved in December 2017, data released by PayNet illustrate. The indices suggest that financial conditions in the state may improve. The PayNet…

New Jersey Small Business Borrowing Stalls in December

New Jersey Small Business Borrowing Stalls in December

PayNet, the premier provider of small business credit assessments on private companies, reports that in December 2017 borrowing is stagnant in New Jersey. Of the 18 major industries, 4 increased and 13 fell in New Jersey. The PayNet Small Business…

Small Business Defaults in North Carolina on the Rise in December

Small Business Defaults in North Carolina on the Rise in December

PayNet, the premier provider of small business credit assessments on private companies, reports that in December 2017 more of North Carolina's small businesses defaulted on existing loans, despite default rates in 9 of the 18 major industries falling in the…

New York Small Business Defaults Fall in December

New York Small Business Defaults Fall in December

PayNet, the premier provider of credit ratings on small businesses, reports that in December 2017 fewer small firms defaulted on loans in New York, with default rates in 12 of the 18 major industries falling in the state. Following a…

Small Business Defaults in Texas Down in December

Small Business Defaults in Texas Down in December

In December 2017, fewer small businesses defaulted on loans in Texas, with default rates in 13 of the 18 major industries falling in the state, data issued by PayNet shows. Despite an 11 basis point dip from November, Texas' PayNet…

Tennessee Small Business Borrowing Stalls in December

Tennessee Small Business Borrowing Stalls in December

PayNet, the leading provider of credit ratings on small businesses, reports that in December 2017 borrowing is stagnant in Tennessee. Of the 18 major industries, 8 increased and 10 fell in Tennessee. The PayNet Small Business Lending Index (SBLI) for…

Small Business Defaults in Michigan on the Rise in December

Small Business Defaults in Michigan on the Rise in December

PayNet, the leading provider of small business credit data and analysis for the commercial and industrial lending industry, reports that in December 2017 a greater number of Michigan's small businesses defaulted on existing loans. Of the 18 major industries, six…

Finexio, the Smart B2B Payment Network, Deepens Its Executive Team With the Hire of Payments Leader Cindy Smith as COO

Finexio, the Smart B2B Payment Network, Deepens Its Executive Team With the Hire of Payments Leader Cindy Smith as COO

Finexio announces today that Cynthia (Cindy) Smith will become Chief Operating Officer of the Orlando-based commercial payments execution company. Smith comes from Meta Financial Group, where as Executive Vice President and COO, she successfully led technology and operations in the…

Lone Oak Fund Reaches $1 Billion in Unleveraged Capital

Lone Oak Fund Reaches $1 Billion in Unleveraged Capital

Lone Oak Fund, LLC, a private debt fund based in West Los Angeles, recently reached $1 billion in unleveraged capital. The Fund increased its capital by 18.46 percent in 2017 alone. Last year, Lone Oak Fund recorded 581 loans totaling…

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