Lenders Cooperative and Lumos Data announce expanded partnership to streamline small business lending

Lenders Cooperative and Lumos Data announce expanded partnership to streamline small business lending

In a move set to reshape the landscape of small-dollar commercial lending, Lenders Cooperative and Lumos Data have announced the expansion of their partnership. This collaboration, built around innovative technology solutions, aims to improve the efficiency and profitability of lending for banks and credit unions, particularly in small business and SBA lending. At the heart […]

Enterprise Financial Services, Seacoast Commerce Banc sign merger deal

Enterprise Financial Services, Seacoast Commerce Banc sign merger deal

US bank holding companies Enterprise Financial Services (EFSC) and Seacoast Commerce Banc (SCBH) have signed a $156 million worth deal to create a leading small business administration lender (SBA lender) in the country. As per the terms of the all-stock deal, Enterprise Financial Services will acquire Seacoast Commerce Banc for $15.8 per share. The combined […]