HomeJan 1, 2023Nov 18, 2021
Search Results for "BM Technologies (BMTX)"
2 results for "BM Technologies (BMTX)"
Deals 2
BM Technologies and First Sound Bank Terminate $23M Merger Deal
BM Technologies (BMTX) and First Sound Bank mutually terminated their $23M acquisition deal after regulatory delays pushed the expected closing timeline well beyond the original H2 2022 target. BMTX had sought the deal to acquire a bank charter and create BMTX Bank with over $2B in assets. The fintech pivoted to a new sponsor bank agreement with improved economics instead.
BM Technologies Announces $23M Strategic Merger with First Sound Bank
BM Technologies (BMTX), a digital banking platform, announced a $23 million strategic merger with First Sound Bank, a Seattle-based community bank. The combined entity will operate as BMTX Bank, a fintech-based digital bank. This deal gives BMTX a bank charter while maintaining First Sound's community banking presence in Seattle.