Esquire Financial Holdings in Jericho, N.Y., is planning to go public.
The $437 million-asset company has filed to raise about $40.3 million through an initial public offering. Esquire did not detail how many shares it plans to sell or the expected pricing.
The company said net proceeds could be used to make larger loans due to higher lending limits. Esquire may also consider acquisitions.
Esquire, founded in 2006, specializes in financial services for law firms. It previously
Elevations Credit Union is paying athletes at the University of Colorado Boulder by way of a new credit card. The annual fee, plus two cents per transaction, will go to a collective that provides financial support to Buffaloes players.
The bureau suggested this week that states should remove the exemptions banks enjoy from data privacy laws. California is a prime candidate to act.
The North Dakota governor's real estate background and affordable housing policies fit with the president-elect's plan to open up federal lands for new home construction.
Nicholas Takahashi and his team are accused of deliberately trying to poach the clients of a former colleague managing hundreds of millions in assets and producing more than $1 million a year in revenue.
The number of banks announcing plans to sell this year reached 108 by the end of Oct.; Truist Financial promoted Brad Bender to chief risk officer; Old Point Financial made Cathy W. Liles its chief financial officer; and more in this week's banking news roundup.
Sam Valverde, acting president of Ginnie Mae, has resigned after about six months in the job.
