IBAT Services Welcomes New Board Members
The Independent Bankers Association of Texas (IBAT) is proud to announce the election of Shay Iacoponelli, David Kapavik, Sharon Lee and Kevin Monk to the IBAT Services, Inc. Board of Directors. Together, they bring more than 75 years of experience in the banking indusry.
As members of the IBAT Services Board of Directors, they join a select group of Texas community bankers charged with recommending products and services for endorsement by IBAT.
CSI Named Among Top 100 Financial Technology Providers
PADUCAH, Ky., Sept. 16, 2015 – Computer Services, Inc. (CSI) (OTCQX:CSVI), a provider of end-to-end financial technology solutions, has been recognized for the fourth consecutive year as a top technology provider, as part of the IDC Financial Insights 2015 FinTech Rankings. Known as the most comprehensive international vendor ranking in the financial services industry, the annual listing highlights top global technology providers that derive more than one-third of their revenue from financial institutions.
CSI ranked 64th on the list of financial technology companies that were evaluated based on their global revenues, demonstrating the company’s role as a valued technology provider for financial institutions across the U.S.
CSI Reaches “Golden” Milestone in 2015
This year marks a significant milestone for Computer Services, Inc. (CSI), an IBAT endorsed service provider and a leading provider of financial technology solutions. In March, the company surpassed its 50th year in service to the financial industry.
Originally founded in 1965, CSI began with just six employees supporting the company’s three original customers. Today, the company ranks as the fifth largest banking core provider in the U.S., boasting more than 1,100 employees serving customers nationwide.
CSI is casting its vision for the future with a new long-term strategic plan that will allow the company to sustain the positive momentum it’s achieved over the past five decades. This includes its continued focus on providing the highest levels of customer service in the industry, as well as an ongoing commitment to delivering proven technology solutions that help community banks become more competitive, compliant and profitable.
You can learn more about CSI at www.csiweb.com.
IBAT Endorses StoneCastle Financial
AUSTIN, Texas - The Independent Bankers Association of Texas (IBAT) is pleased to announce that StoneCastle Financial has been selected as the newest IBAT Endorsed Services Provider. Formed in February 2013, StoneCastle Financial is a SEC registered, closed-end investment company established to serve as a direct investor in community banks seeking capital for growth opportunities, share repurchases and other refinancing activities.
The first investment vehicle of its kind focused on community banks, StoneCastle provides client banks with access to a new pool of permanent, passive and reasonably priced capital. It focuses its investments on community banks with experienced management teams, stable earnings, sustainable markets and growth opportunities. To date, StoneCastle Financial and parent company StoneCastle Partners have made capital contributions to more than 250 community banks across the country, including several in Texas.
“IBAT is thrilled to add StoneCastle Financial to our stable of quality endorsed service providers,” said IBAT President and CEO Chris Williston. “Access to capital is among the most pressing issues facing community banks today. New Basel III capital rules and regulatory pressures, along with a sustained low-interest rate environment, have created difficulty for community bank leaders to generate organic funds for expanding market presence and developing new products. StoneCastle Financial provides a unique, straight-forward and non-invasive solution to Texas community banks and their capital needs.”
Knowing the ability to raise capital is becoming even more important for banks to thrive, StoneCastle Financial’s goal is to be a long-term partner that understands the needs of community banks. It makes investments with a long-term view and reasonable return requirements. Upon a bank’s indication of interest, StoneCastle will initiate a four-step process that includes pre-screening, due diligence, investment committee analysis, and documentation and funding.
“StoneCastle Financial is the first investment company specifically created to make permanent, passive Tier 1 and Tier 2 capital investments in healthy community banks,” said StoneCastle Financial Chairman and CEO Joshua Siegel. “It bridges the gap between investors and community banks, allowing banks direct access to the capital they need to grow and satisfy regulatory needs.”
About StoneCastle Financial Corp.
StoneCastle Financial Corp. (StoneCastle Financial) is an investment company established to serve as an investor in community banks seeking capital for organic growth, acquisitions, share repurchases and other refinancing activities. With the experience and knowledge gained from its senior management team investing more than $5 billion directly in community banks, StoneCastle Financial was formed to provide investors with exposure to community banks. StoneCastle Financial is focused on investing its capital in long-term, passive, non-control investments and is proud to expand access to capital for publicly traded and privately held community banking institutions across the country. StoneCastle Financial is listed on the NASDAQ Global Select Market under the symbol “BANX.” Learn more at www.stonecastle-financial.com.