Unifimoney, a fintech that is building a wealth management platform for small banks and credit unions, has raised $10 million from investors that include the Independent Community Bankers of America. The San Francisco startup has a platform that includes trading in over 70 cryptocurrencies, along with passive and active investing in stocks, ETFs and precious metals.  The new capital will help Unifimoney extend its coverage of alternative assets to include collectables,

Republic First Bancorp received a notice that its shares could be delisted from the Nasdaq after the Philadelphia company said it would be unable to file its annual report in a timely manner. The $5.4 billion-asset company disclosed in a regulatory filing Wednesday that it received the written notification last week. The company has up to 60 days to “either cure the deficiency or to submit a plan to Nasdaq showing

Grasshopper Bank, a de novo in New York, is working with a fintech to improve its fraud detection capabilities. FiVerity said in a press release that it is working with the $299 million-asset digital-first bank. “FiVerity helps us take an aggressive approach to fraud detection,” Michael Butler, Grasshopper’s CEO, said in the release. The fintech’s products are being paired with Grasshopper’s existing identity verification and cybersecurity platform. "We will design and implement protections for

Comunibanc in Napoleon, Ohio, began to seriously explore selling itself after receiving an unsolicited offer last summer from an unnamed bank.The $329 million-asset parent of Henry County Bank would agree in January to be sold to Civista Banchares in Sandusky, Ohio, for $50.2 million in cash and stock. The deal is expected to close by the end of June.  Comunibanc was considering its strategic alternatives when it received the unsolicited

Fast, a fintech that included Stripe among its financial backers, is closing. The startup, founded in 2020, allowed users to check out instantly without entering passwords or other account information. “Sometimes trailblazers don’t always make it all the way to the mountain top,” Domm Holland, the San Francisco company’s co-founder and CEO, tweeted Tuesday afternoon. “After making great strides on our mission of making, buying and selling frictionless for everyone, we have made

Alton Bancshares in Alton, Mo., has agreed to buy Table Rock Community Bank in Kimberling City, Mo.Alton, the parent of the $144 million-asset First Community Bank of the Ozarks and the $106 million-asset Alton Bank, said in a press release that it expects to buy the $150 million-asset Table Rock in the second or third quarter. Alton did not disclose the price it will pay. Table Rock “is well known for serving

Zions Bancorp. in Salt Lake City created a new expense line item to break out costs tied to technology, telecom and information processing. The $93 billion-asset company disclosed in a regulatory filing Friday that those items had previously resided under the line items for "furniture, equipment and software" and for "other expenses" that included data processing and communications costs. Technology, telecom and information processing expenses averaged about 11% of overall noninterest income

Piedmont Federal Savings Bank in Winston-Salem, N.C., is looking to form a holding company. The $1 billion-asset bank filed applications with the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency tied to the initiative. The filings weren’t immediately available. In a legal notice filed in conjunction with the applications, Piedmont Federal said it is planning to reorganize into a federal mutual holding company. Piedmont Federal has had four