Grab, a Southeast Asian tech company, has agreed to buy Stash Financial, a U.S. digital financial services company. Grab, which operates similarly to Uber, will initially buy a 50.1% stake in Stash that values the seller at $425 million. It will buy the remaining stake over a three-year period determined by Stash’s market value over time. The initial payment will involve cash and stock, which could be the case for

Rhinebeck Bancorp in Poughkeepsie, N.Y., will pursue a second-step conversion to become a fully stock-owned company. Rhinebeck said in a press release that its mutual holding company owns about 57% of the company's shares outstanding. The company will sell the MHC's ownership interest to depositors and others in a subscription offering. Depositors as of Dec. 31, 2024, will have first priority non-transferable subscription rights. The conversion is expected to be

Upstart Holdings has set the stage for a new CEO. The fintech said in a press release that Paul Gu, a co-founder and chief technology officer, will succeed Dave Girouard on May 1. Girouard will remain chairman. Upstart also said that Sanjay Datta, who had been chief financial officer, had become its president and chief capital officer. Andrea Blankmeyer will succeed Datta as CFO on March 16; she was CFO

Array has acquired Chimney, a New York fintech known for its modern financial calculators and home value tracking tools. Array, an embeddable platform, said in a press release that the acquisition will accelerate its ability to add financial decision tools to its platform. The price wasn't disclosed. “Integrating Chimney’s innovative engagement features into Array’s ecosystem enables our clients to deliver even richer experiences that support consumers at critical decision moments,”

Family Savings Credit Union in Rainbow City, Ala., has agreed to buy two branches from Citizens Bank & Trust. The deal for the branches, located in northern Alabama, includes $19 million of loans and $44 million of deposits. The price wasn't disclosed. The sale is expected to close in the second half of this year. Olsen Palmer advised the $1.1 billion-asset Citizens. The $1.2 billion-asset Family Savings previously bought two

MrBeast seems poised to take a move into financial services to the next level. Jimmy Donaldson, the man behind the brand, announced on X that he is buying youth-focused financial services app Step. The price wasn't disclosed. "Nobody taught me about investing, building credit, or managing money when I was growing up," MrBeast wrote in the post. "That's exactly why we’re joining forces with Step! I want to give millions

California’s Credit Unions and Nevada’s Credit Unions have a new leader. The associations said in a press release that Jeremy Empol will become president and CEO on March 9. Korn Ferry conducted the search. Empol was senior vice president of public affairs and industry outreach for the Federal Home Loan Bank of San Francisco. “Jeremy’s experience, leadership, and deep commitment to our industry make him the right choice to lead

Fifth District Bancorp in New Orleans removed "interim" from its CEO's title. The company said in a press release that Amie Lyons was also named president permanently. She had been serving on an interim basis since June, following the death of Brian North. “Amie has been a dedicated and integral part of the Fifth District team for nearly 30 years, including serving in senior management for the last several years," David