The New York community bank cited the contribution of BaaS to its core financial results, evolving regulatory expectations, ...
The bank cited regulators’ changing expectations. Banking-as-a-service accounts for 2% of Five Star’s deposits and less than 1% of its loans and two of its 12 clients have already begun offboarding, ...
The parent company for Five Star Bank in Warsaw, New York, is winding down its modest banking-as-a-service business. On Monday, Financial Institutions Inc., which has $6.1 billion of assets and is ...
The bank had hoped BaaS would serve as a supplemental income stream. Five Star Bank is ending its experiment with Banking-as-a-Service and plans to wind down all of its existing fintech ...
Discover the best eco-friendly banks offering sustainable banking solutions to promote a greener future. Learn more about ...
Atmos Financial is an online fintech platform, not a bank. Its banking services are provided by Five Star Bank, though. Green practices/policies: As a Fossil Free certified financial institution ...
The Cedar Springs Federal Credit Union began when eight people put in $5 apiece in August 1964, growing from a small, ...