Computer Services Inc. has agreed to buy digital banking platform provider Apiture.
Live Oak Bankshares in Wilmington, N.C., disclosed in a regulatory filing that it will record a $20 million to $25 million pretax gain from selling its stake to CSI. Live Oak co-founded Apiture in 2017 as part of a joint venture with First Data.
Live Oak will no longer recognize further pass-through losses from the investment after the sale closes.