Core Viewpoint - Old Point Financial Corporation's shareholders have approved the merger with TowneBank, marking a significant step towards the completion of the transaction, which is expected to finalize in the second half of 2025, pending regulatory approvals [1][2]. Company Overview - Old Point Financial Corporation (NASDAQ: OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, serving the Hampton Roads and Richmond regions of Virginia [3]. - Old Point National Bank is a community bank offering a variety of financial services, including checking, insurance, mortgage products, and commercial lending [3]. - Old Point Wealth Management is the largest wealth management provider in Hampton Roads, focusing on local asset management [3]. Merger Details - The merger is seen as a strategic partnership that will enhance value for shareholders and support community growth [2]. - The completion of the merger is subject to customary closing conditions, including regulatory approvals [1].

The top rate on today's high-yield savings accounts is 5%. But this checking account pays just as much if you meet one straightforward requirement. https://t.co/eG5UlSj3gz ...

To celebrate the opening, Hanover Bank invites business leaders, residents, and community stakeholders to stop by and meet the local banking team and learn about the range of financial services now available in the heart of Port Jefferson. A formal Grand Opening cocktail party will be held at a later date. About Hanover Community Bank and Hanover Bancorp, Inc. Hanover Bancorp, Inc. (NASDAQ: HNVR), is the bank holding company for Hanover Community Bank, a community commercial bank focusing on highly personal ...

"LevelUp Checking delivers cash back for essential purchases like gas and groceries while stacking on additional cash back for our borrowers who make on-time payments to their LendingClub personal loan," said Mark Elliot, LendingClub's Chief Customer Officer. "By offering rewards consumers typically seek by using a credit card, we're fundamentally changing how our members spend – rewarding them for using money they have instead of money they borrow, and recognizing their smart money moves." LevelUp Checking ...

Bank stocks are a very specific category that stands out in a number of ways. Bank stocks are typically cash- rich and well-established, and they often pay dividends. They're the kind of reliable stocks that usually add value and protection to a portfolio because they provide an essential service that drives the economy. However, investors have seen during the past few years that not all bank stocks are alike, and some can actually be very risky. If you do buy the right ones, though, they can offer high val ...

Bank of America (BAC) 2025 Conference June 11, 2025 10:30 AM ET Speaker0 Kick off with our disclosure commentary. So for important disclosures, please see the Morgan Stanley Research Disclosure website at ww.morganstanley.com, morganstanley.com/researchdisclosure. And taking a photograph use of recording devices is also not allowed. If you have any questions, reach out to your Morgan Stanley sales representative. Okay. With that out of the way, we are so thrilled and delighted to have with us today Brian Mo ...

Duluth Branch Grand Opening From the left:Anthony Kim, Hanmi Bank Chief Banking Officer;Sung Joon Ahn, Korea Trade-Investment Promotion Agency (KOTRA) Trade Director;June Lee, Southeast US Korean Chamber of Commerce Director;Jae Kim, Southeast US Korean Chamber of Commerce President;Kyungchul Lee, Korean American Chamber of Commerce USA President;Bonnie Lee, Hanmi Bank CEO;Cindy Yum, Hanmi Bank Duluth branch manager;Kirkland Carden, Gwinnett County Commissioner;Long Tran, Georgia State Representative for ...

Core Points - SoFi offers a high annual percentage yield (APY) of up to 3.80% on savings balances for members who enroll in SoFi Plus with Eligible Direct Deposit or maintain $5,000 or more in Qualifying Deposits during a 30-Day Evaluation Period [1][2] - Members without SoFi Plus or Qualifying Deposits will earn a lower APY of 1.00% on savings balances and 0.50% on checking balances [1][2] - The interest rates are variable and subject to change at any time, with the current rates effective as of January 24, 2025 [1][2] Additional Information - There is no minimum balance requirement to open an account or to earn interest [2][3] - Members are encouraged to contact customer service if they meet the requirements for the highest APY but do not see it reflected in their account [1][2] - Further details can be found on SoFi's official website, including terms and conditions for SoFi Plus [1][2][4]

Company Overview - First Citizens BancShares Inc. is a mid-sized U.S. bank that provides checking, savings, money market, and time deposit accounts [1] - The bank focuses on commercial construction, commercial and industrial loans, and SBA financing in its lending operations [1] Analyst Background - The analyst has over five years of experience in the Australian banking industry, enhancing their understanding of financial institutions and sharpening analytical skills in assessing bank stocks [1] - The analyst has been an active investor for more than half a decade, primarily focusing on equity markets with a target return of over 10% per annum [1] - The analyst aims to demystify the complexities of bank stocks and provide practical advice to foster a community of knowledgeable investors [1]

Core Viewpoint - SoFi Technologies is positioned as a stronger investment opportunity compared to Block, primarily due to its growth potential in the online banking sector and the challenges faced by Block in the payment technology space [2][13]. Company Overview - SoFi Technologies operates as an online bank, providing a range of services including checking and savings accounts, loans, credit cards, investing services, insurance, and travel planning, without any physical branches [4][10]. - Block, formerly known as Square, focuses on payment acceptance technology and has ventured into cryptocurrency, but faces stiff competition and market saturation [14][15]. Growth Potential - SoFi has experienced significant customer growth, increasing from over 1 million members in early 2020 to nearly 11 million by the end of Q1 2023, with expectations of continued growth and a revenue increase of around 25% for the full year [10][11]. - The global online banking market is projected to grow at an average annual rate of 40% through 2034, with North America being a key market for SoFi [11]. Financial Performance - Analysts maintain a strong buy rating for Block, despite its shares being down over 70% from their 2022 peak, with a consensus price target of $66.86, indicating potential for recovery [3]. - Block is expected to see only 4% sales growth this year, with a slight acceleration to 10% next year, which is considered modest compared to SoFi's growth trajectory [16]. Market Trends - A 2024 survey indicates that 22% of U.S. bank customers prefer using personal computers for banking, while 55% prefer mobile apps, highlighting a shift towards digital banking solutions that SoFi capitalizes on [7][8]. - The payment acceptance market is becoming increasingly crowded, with established players like PayPal and tech companies entering the space, which poses challenges for Block [15][20].