May 25 — The Conference of State Bank Supervisors announced The University of Akron has been named first place winner in its nationwide 2017 Community Bank Case Study Competition.
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May 26 – Resolute Reverse, a department of Resolute Bank, has developed and launched a new proprietary software called ReverseWorks™, offering unlimited access to the bank’s loan officers, operations and management teams. At a time when competition in the industry is increasing, this technology is a valuable tool that creates streamlined communication during the processing, underwriting and closing stages of the loan. This revolutionary software allows loan officers to focus more of their time assisting their senior clients.
May 24 – First Merchants Corporation has successfully completed its previously announced merger with The Arlington Bank of Columbus, Ohio. In connection with the merger, The Arlington Bank has merged with and into First Merchants Bank. The combined First Merchants Bank now has 108 banking centers in Illinois, Indiana and Ohio and approximately $7.6 billion in assets, $5.5 billion in loans, $5.9 billion in deposits, and total shareholders’ equity of $1.0 billion. The full integration of The Arlington Bank under the First Merchants brand is expected to be completed during the 3rd quarter of 2017.
May 23 – Fiserv Inc., a leading global provider of financial services technology solutions, has announced the availability of SecureNow, a centralized, real-time cybersecurity platform designed specifically for digital financial services. SecureNow integrates a wide range of cybersecurity protections to enable financial institutions to combat fast-moving threats and detect fraud in real time while maintaining a positive experience for legitimate users.
May 22 – Nasdaq Inc. and Citi Treasury and Trade Solutions have announced a new integrated payment solution that enables straight through payment processing and automates reconciliation by using a distributed ledger to record and transmit payment instructions. A number of payment transactions have been concluded including Citi’s automated processing of cross-border payments via a link between the CitiConnect® for Blockchain connectivity platform and the Linq Platform powered by the Nasdaq Financial Framework. This collaboration has created a pioneering institutional banking solution that tightly integrates blockchain technology with Citi’s global financial network leveraging API technology.
May 17 — Wipro Limited, a global information technology, consulting, and business process services company, announced that it has developed nine blockchain-based solutions for the Banking Financial Services and Insurance, Manufacturing, Retail and Consumer Goods industries. Defined, designed and co-developed with clients in Wipro’s Blockchain Innovation Lab, these solutions demonstrate what block chain can accomplish for global enterprises.
May 17 — A De Novo Bank was approved by Texas Banking Commissioner Charles G. Cooper. Subject to the granting of deposit insurance by the FDIC, The Bank of Austin is expected to open this summer with a minimum capital of $31 million. Organizers are J. Bruce Bugg Jr., who will serve as chairman, Jon Eckert, president and CEO, Robert Cavender, Gene Dawson Jr., David Spencer and Brent R. Given.
May 19 – CBC National Bank, headquartered in Fernandina Beach and with branches in Fernandina Beach, Ocala and The Villages, Fla., and Beaufort and Port Royal, S.C., has launched a newly updated website featuring enhanced functionality and content, a clean design, improved navigation, and more, all designed to facilitate a more engaging user experience.
May 19 – The Small Business Administration has named Banner 2016 Regional Lender of the Year for the Seattle/Spokane District and a Star Performer for the Portland District. The awards were presented at separate ceremonies as part of National Small Business Week.
May 17 – U.S. Bank customers now have access to fast, simple and secure digital payments with Masterpass by Mastercard when shopping in-store with an Android device at participating merchants. Customers can also leverage Masterpass to make purchases in-app or online, U.S. Bank and Mastercard have announced.