WSJ: Dodd-Frank Rule Leads to $175 Million Digital Bank Deal

Celent will help qualify your requirements and introduce you to the vendor
Spotted a missing vendor? Use this form to alert a vendor to the Celent service
Create a vendor selection project & run comparison reports
Register to access this feature
Click to express your interest in this report
Indication of coverage against your requirements
Vendor requires PRO subscription to activate this feature
Requires research subscription, contact Celent for more info
8 March 2017
The Wall Street Journal

BankMobile CEO Jay Sidhu will join buyer Flagship Community Bank as part of the deal

BankMobile, a two-year-old digital-banking upstart founded by a veteran executive of financial firms, announced Wednesday that it is being sold for $175 million after its parent company said it wouldn’t be able to operate the business profitably.

It was the latest move by a new online bank to reorganize in a market that has shown stiff competition from the nation’s largest banks and uncertain growth prospects for pure-play deposit...

News article details

Media Type
In the News
sign in or register to read more