January 16 – OneUnited Bank, the largest black-owned bank in America, has partnered with the African American Film Critics Association (AAFCA) and BMe Community (BMe) to bring a powerful series of financial literacy videos to Black America that will underscore the importance of financial literacy, buying Black, banking Black and the genius of collective economics. Topics will include the importance of saving for the future, how to power up your credit score, millennials and money, banking based on your values and how the #BankBlack and #BuyBlack movement can create jobs and support community development.
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January 6 – StonehamBank joins ZRent’s network of financial institutions to provide online rent collection services to their landlord and small business customers.
ZRent (www.ZRent.net), a division of Leader Bank, is proud to welcome StonehamBank to its expanding network of financial institutions. ZRent allows financial institutions to provide online rent collection services to their landlord and small business customers, creating competitive advantage and customer loyalty for participating institutions. This new partnership will allow StonehamBank customers to take full advantage of
ZRent services, enabling landlords and tenants to fully automate the rental payment process. “We are very excited to enter into this partnership with StonehamBank. We look forward to bringing all the benefits of ZRent to their customers,” said Jay Tuli, the Senior Vice President of Retail Banking at Leader Bank. “We hope that ZRent can continue to help automate rent payments for community banks and their customers.”
“We are committed to offering innovative services to our customers, ZRent is another great example of services we provide to our customers evolving needs,” said Edward Doherty, Jr., Executive Vice President of StonehamBank. “ZRent offers a simple and convenient solution that provides real value to our customers looking to efficiently manage their rent collection.”
ZRent works by automatically deducting rent payments from the tenant’s bank account and depositing them
directly into the landlord’s account. Tenants can set and forget their monthly payments, and landlords will no longer have the hassle of collecting checks and making the trip to the bank. ZRent also provides peace of mind for the landlords, who will now receive one complete payment for each unit on the same day every month. ZRent is free of charge for any landlord that banks with one of the participating institutions, currently StonehamBank and Leader Bank.
For more information on Leader Bank’s innovative ZRent tool, visit www.zrent.net, email firstname.lastname@example.org, or
StonehamBank is a full-service community bank offering state of the art products and services to residents and businesses throughout eastern Massachusetts and southern New Hampshire. In addition to providing progressive products and convenience services, StonehamBank believes in making a difference in the community through its Community Involvement Program and Charitable Foundation. Member FDIC. Member SIF. Equal Housing Lender. For more information on StonehamBank, please visit www.stonehambank.com or call directly at 888-402-2265.
About Leader Bank
With assets over $1 billion, Leader Bank is a nationally chartered bank founded in 2002 with seven full-service branches in Arlington, Belmont, Boston, Burlington and Cambridge. Leader Bank offers a full range of personal and business banking products including free personal and business checking accounts, commercial and residential lending products, home equity lines of credit, deposit products with highly competitive rates and free online banking and bill payment services. Visit Leader Bank’s website at www.Leaderbank.com or any one of the Bank’s convenient branch locations for more information. Member FDIC and Equal Housing Lender, NMLS # 449250.
January 6 – Todd Hurley, chief relationship officer of Penn Community Bank, recently participated on a panel discussion regarding volunteerism and community service as part of the leadership program Launch Pad, presented in partnership with Bucks County Community College and the Bucks County-based women’s empowerment organization, Sisters U.
January 6 – Jack Henry & Associates, Inc. is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Today, its Jack Henry Banking division announced that MVB Bank has selected the SilverLake System for enterprise-wide automation. The bank will implement the core processing system through JHA OutLink Processing Services (JHA OPS), Jack Henry Banking’s outsourced offering.
December 12 – Flushing Financial Corporation (the “Company”), the parent holding company for Flushing Bank (the “Bank”), has announced that the Bank has joined forces with Island Harvest Food Bank and Food Bank For New York City to collect non-perishable food item donations during December at all of its branch locations. As a small token of appreciation, everyone who donates will receive an eco-friendly, reusable tote bag from Flushing Bank. The announcement was made by John R. Buran, President and Chief Executive Officer.
December 12 – People’s United Bank, N.A., a subsidiary of People’s United Financial, Inc., has been selected to manage the Commonwealth’s core banking services. The award is pending successful contract negotiations with the Commonwealth. Implementation and service changes are expected to roll out during the first quarter of 2017.
December 8 – Popular Community Bank, a subsidiary of Popular, Inc., and one of the nation’s premier community banks, has announced the continuation of its Retail Network Transformation initiative with the newly digitally transformed Popular Community Bank branch in East Harlem, New York City.
December 2 – Centric Financial Corporation, parent company of Centric Bank, has been recognized by the U.S. Small Business Administration as the Eastern District of Pennsylvania’s #1 lender in total loan dollars. Centric Bank approved 50 SBA loans totaling $38.5 million and has become a catalyst for job growth in the central Pennsylvania and suburban Philadelphia regions.
December 2 – BBVA Compass scored a breakout role in CFO magazine’s annual Commercial Banking Survey, becoming the only bank to land in the top three across all criteria on which senior financial executives judged their banks.