Civista Bancshares, Inc. To Acquire United Community Bancorp

SANDUSKY, Ohio and LAWRENCEBURG, Ind., March 12, 2018 -- Sandusky, Ohio based Civista Bancshares, Inc. ("Civista") (NASDAQ: CIVB) and United Community Bancorp, the parent company of United Community Bank ("United" or "UCB") (NASDAQ: UCBA), today announced the signing of a definitive merger agreement pursuant to which Civista will acquire United.  Based on financial data as of December 31, 2017, the combined company would have total assets of $2.1 billion, total loans of $1.5 billion and total deposits of $1.7 billion.  United operates an eight branch network in southeastern Indiana, five of which are located in the Cincinnati MSA.  This acquisition will allow Civista to bring its enhanced commercial lending platform to United's demographically strong markets.  United will provide Civista with low cost core deposit funding and excess liquidity. 
 
Civista currently operates branches and loan production offices from northern Ohio to Dayton, Ohio.  The acquisition of United expands Civista's community banking franchise into and around the Cincinnati MSA, which is home to over 2.1 million people.  After this strategic partnership, Civista's community banking platform will operate in each of the five largest Ohio marketplaces.
Read more: United Community Bank ( UCBA )

Siebert Financial Corp., Overstock and tZero Execute Letter of Intent to Offer Discount Trading

2017-12-14 09:28 ET - News Release -- NEW YORK & SALT LAKE CITY -- Siebert Financial Corp. (NASDAQ: SIEB), Overstock.com (OSTK: NASDAQ), and its subsidiary tZERO and have signed a letter of intent to enter into a partnership to offer deeply discounted online trading in Q1 2018 when the transaction is slated to close. Under terms of the agreement, any investor in America who accesses the Muriel Siebert & Co. Inc. portal at Overstock would be able to conduct online trading of US equities for $2.99 per trade through the platform. In addition, Overstock plans to introduce a new tier to its Club O loyalty and membership rewards program to offer that elite membership level the opportunity for online trading at an even deeper discount of $1.99 per trade.
 
Overstock and Siebert Financial Corp. intend to deliver institutional quality financial services to clients, enhancing the mutual benefits of this paradigm-changing partnership. New customers subscribing to the discount brokerage suite of products would be offered best-in-class services including Smart Order and Routing and Execution services by tZERO’s broker-dealer Speedroute, a FINRA firm, and Clearing Services through StockCross Financial Services, a FINRA firm and affiliate of Siebert Financial Corp.
Read more: Siebert Financial Corp ( SIEB )

Fintech Select Files Provisional Patent Application for Swipecard Cryptocurrency Accessibility

2017-11-21 07:25 ET - News Release
 
TORONTO, Nov. 21, 2017  -- Fintech Select Ltd. (“Fintech Select” or the “Company”) (TSX-V:FTEC) is pleased to announce that it has filed a patent application for its propriety POS (Point-of-Sale) Cryptocurrency platform.
 
The company believes that it's POS Cryptocurrency exchange platform carries competitive advantages when compared to Bitcoin ATM's and regular online exchanges and thus has taken action to protect its proprietary process in the marketplace.  Unlike other platforms that can only print vouchers or use high fees to transact through ATM's the Company’s Selectcoin platform interconnects a merchants POS system with an exclusive closed loop card and digital wallet in a seamless eco-system.
Read more: Fintech Select Ltd ( FTEC )

Mogo to Provide Canadians with a Secure and Trusted Way to Own Cryptocurrencies including Bitcoin

Mogo adds dedicated blockchain capabilities
 
VANCOUVER, Oct. 30, 2017 - Mogo Finance Technology Inc. (TSX: MOGO; OTCQX: MOGOF), one of Canada's leading financial technology companies, today announced that it has added dedicated blockchain capabilities to accelerate its plans to integrate Bitcoin and other cryptocurrencies into Mogo's digital account as well as future new products and features based on blockchain technology.
 
"It's hard to overstate how disruptive and transformative blockchain technology can be for banking, as it enables a faster, more secure and trusted way to transfer data. In fact, many believe that blockchain will be as disruptive to the financial system as the internet was to the media industry," said David Feller, Founder and CEO of Mogo. "Developing new products and features based on blockchain technology and cryptocurrencies is a natural extension for Mogo as we continue to build a digital banking experience for the next generation of consumers."  
Read more: Mogo Finance Technology ( MOGO )

Posera and DLT Labs Announce a Joint Venture to Implement Blockchain Technology into Hospitality POS and Payment Processing

TORONTO, Oct. 20, 2017 Posera Ltd. (TSX: PAY), a leading provider of software solutions for the hospitality industry, and DLT Labs Inc., a global leader in blockchain solutions for enterprises, today announced a joint venture to deliver Blockchain technology into the hospitality POS ecosystem including developing a real-time transaction and inventory management system.
 
Blockchain is an electronic ledger that can be shared among disparate users and creates an unchangeable time-stamped record of transactions. Each digital record or transaction in the thread is stored in a block. Because blocks cannot be changed, and augmented by the additional protection of encryption, the data is immutable and inherently secure. Flexible architecture allows either an open or controlled set of users to participate in the electronic ledger. But one of the most powerful attributes of Blockchain is the ability to develop real-time systems that synchronize mass amounts of data.
Read more: Posera Ltd ( PAY )

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