BM Technologies Announces Upcoming Conference Participation

Rhea-AI Summary

BM Technologies, Inc. (NYSE American: BMTX), a leader in digital banking and banking as a service, announced its participation in two upcoming investor conferences: the Alliance Global Partners’ Emerging Growth Technology Conference on February 2, 2022, and the Jefferies Payments & FinTech Summit on March 1-2, 2022. Senior management will present and hold 1x1 meetings at these events. Additionally, BMTX is set to merge with First Sound Bank, forming BMTX Bank, a fintech-focused institution, pending regulatory approvals, expected to close in the second half of 2022.

RADNOR, PA, Jan. 27, 2022 (GLOBE NEWSWIRE) -- BM Technologies, Inc. (NYSE American: BMTX)(“the Company” or “BMTX”), one of the largest digital banking platforms and banking as a service providers, announced that it will participate in the following investor conferences:

• Alliance Global Partners’ Emerging Growth Technology Conference on February 2nd, 2022
• Jefferies Payments & FinTech Summit on March 1st – 2nd, 2022

Members of the senior management team will be presenting and hosting 1x1 meetings.

About BM Technologies, Inc.

BM Technologies, Inc. (NYSE American: BMTX)—formerly known as BankMobile—is among the largest digital banking platforms and banking as a service providers, providing access to checking and savings accounts, personal loans, credit cards, and financial wellness. It is focused on technology, innovation, easy-to-use products, and education with the mission of being “customer-obsessed” and creating “customers for life.” The BM Technologies (BMTX) digital banking platform employs a multi-partner distribution model, known as “Banking-as-a-Service” (BaaS), that enables the acquisition of customers at higher volumes and substantially lower expense than traditional banks, while providing significant benefits to its customers, partners and business. BM Technologies (BMTX) currently has approximately two million accounts and provides disbursement services at approximately 745 college and university campuses (covering one out of every three college students in the U.S.). BM Technologies, Inc. (BMTX) is a technology company and is not a bank, which means it provides banking services through its partner bank. More information can also be found at www.bmtx.com.

BMTX recently announced the signing of a definitive agreement to merge with First Sound Bank, a Seattle, Washington-based business bank. The combined company, to be named BMTX Bank, will be a fintech-based bank focused on serving customers digitally nationwide. The transaction is subject to regulatory approvals and other customary closing conditions, and is expected to close in the second half of 2022.

FAQ

What investor conferences will BM Technologies, Inc. (BMTX) participate in?

BM Technologies, Inc. will participate in the Alliance Global Partners’ Emerging Growth Technology Conference on February 2, 2022, and the Jefferies Payments & FinTech Summit on March 1-2, 2022.

When is the expected closing date for the BMTX and First Sound Bank merger?

The merger between BM Technologies, Inc. (BMTX) and First Sound Bank is expected to close in the second half of 2022, subject to regulatory approvals.

What is BM Technologies, Inc. known for?

BM Technologies, Inc. is known as one of the largest digital banking platforms, providing banking as a service, with services including checking and savings accounts, loans, and financial wellness.

How many accounts does BM Technologies (BMTX) currently have?

BM Technologies (BMTX) currently has approximately two million accounts.

What is the mission of BM Technologies, Inc.?

BM Technologies aims to be 'customer-obsessed' and create 'customers for life' by focusing on technology, innovation, and easy-to-use banking products.