Financing

Minnesota-based, Merchants Bank, has seen its floorplan finance business grow by 60% since implementing White Clarke Group’s CALMS Compass, reports Jane Connolly. In response to customer demand for a more modern solution than the labour-intensive spreadsheets previously used, the community...

With the acquisition, innovative healthcare payment solutions offered by InstaMed will use JPMorgan’s payment capabilities to provide an easier and more convenient system. US-based investment bank JPMorgan Chase has closed the acquisition of InstaMed, a healthcare payments industry. With the completion...

The acquisition will help South Plains Financial to strengthen its presence in Texas with 26 branches and 13 mortgage production offices South Plains Financial (SPFI) has agreed to acquire West Texas State Bank (WTSB) in a deal valued at around...

Comdata, a FLEETCOR company, highlighted its recent acquisition of SOLE Financial, a payroll card provider enabling instant, affordable wage access for workers. Originally announced, the acquisition will extend Comdata’s industry leadership in payments by expanding the addressable market for its...

Premier Financial Bancorp through its subsidiary Citizens Deposit Bank and Trust has agreed to acquire The First National Bank of Jackson, the wholly-owned subsidiary of The First National Holding Company of Jackson, for $14.8m (£11.8m). As part of the agreement,...

The UK’s Financial Conduct Authority (FCA) has proposed a ban on the sale of crypto-derivatives to retail consumers saying that the products are ill-suited. In this regard, the FCA has proposed rules to address harm to retail consumers resulting from...

LBC Credit Partners , a leading provider of financing solutions to middle market companies, provided senior secured credit facilities to support the acquisition of MPL Holdings, LLC ("MPL" or the "Company") by Wynnchurch Capital, LLC. LBC served as Sole Lender...