All articles by Refna Tharayil
Refna Tharayil
First National completes acquisition of Touchstone Bankshares
With the addition of Touchstone, the Company would have had approximately $2.1 billion in assets, $1.5 billion in loans and $1.8 billion in deposits on a combined pro-forma basis as of August 30, 2024
DCU and First Tech plan merger deal to form $28.7bn credit union
Following the completion of the proposed deal, the enlarged entity will serve approximately two million members across more than 50 branches in eight US states
Veritas Capital completes acquisition of NCR Voyix’s digital banking business
Candescent remains the largest independent platform of its kind in the United States and will continue to serve more than 1,300 financial institutions and over 29 million registered users
Indian lender IDFC First Bank completes merger with IDFC
As part of the merger, shareholders of IDFC will receive 155 equity shares of IDFC First Bank for every 100 equity shares held
Mastercard and KaiOS Technologies collaborate to simplify acceptance for millions of SMEs in emerging markets
Beginning in Cote d’Ivoire and Nigeria, Mastercard and KaiOS Technologies will deliver affordable payment acceptance devices and stimulate the growth of a more inclusive, connected global economy
Visa to acquire real-time AI payments protection technology firm Featurespace
Through the acquisition of Featurespace, Visa aims to bolster and complement its portfolio of fraud detection and risk-scoring solutions
Alerus Financial and HMN Financial receive stockholder and regulatory approval to proceed with merger
pon completion of the transaction, Alerus will have approximately $5.5 billion in total assets, $3.7 billion in total loans, $4.3 billion in total deposits, and approximately $43.1 billion in assets under administration and management
Italian paytech firm Nexi secures €220m financing from European Investment Bank
Nexi Group aims to utilise the new funding to advance and manage projects focused on modernising digital payments across Europe
Mifflinburg Bancorp and Northumberland Bancorp announce strategic merger of equals
The combined company would have approximately $1.3 billion in total assets, $1.1 billion of total deposits, $850 million in total loans, and $93 million of combined shareholders’ equity based upon reported year end December 31, 2023 financial statements
Dgpays, Arcapita consortium to buy majority stake in Neopay from Mashreq
Under the terms of the agreement, Mashreq will maintain a significant minority interest in Neopay