Fintech acquires bank to gain banking charter license


SmartBiz, a fintech providing loans to small and medium-sized businesses, has completed its acquisition of United Community Bancshares and its subsidiary, Centrust Bank. The acquisition, approved by the Office of the Comptroller of the Currency and the Federal Reserve Bank of Chicago, transitions SmartBiz into a full-fledged banking institution operating under the newly established SmartBiz Bancshares, […]





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