BM Technologies Announces Upcoming Conference Participation

Rhea-AI Summary

BM Technologies, Inc. (NYSE American: BMTX), a leading digital banking platform, will participate in investor conferences on December 6, 2021, at the KBW "Innovation in Finance" Conference and December 9, 2021, at the Singular Research "Best of The Uncovereds" conference. Senior management will conduct 1x1 meetings and panel discussions. BMTX has around two million accounts and offers services to approximately 745 college campuses nationwide. Recently, BMTX announced its merger with First Sound Bank, expected to close in the second half of 2022, to enhance its digital banking services.

RADNOR, PA, Nov. 30, 2021 (GLOBE NEWSWIRE) -- BM Technologies, Inc. (NYSE American: BMTX)(“the Company” or “BMTX”), one of the largest digital banking platforms in the country, announced that it will participate in the following investor conferences:

• KBW “Innovation in Finance” Conference on Monday, December 6th, 2021
• Singular Research “Best of The Uncovereds” on Thursday, December 9th, 2021 

Members of the senior management team will be hosting 1x1 meetings and participating in panel discussions.

About BM Technologies, Inc.

BM Technologies, Inc. (NYSE American: BMTX)—formerly known as BankMobile—is among the largest digital banking platforms in the U.S., 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 BMTX participate in December 2021?

BM Technologies will participate in the KBW "Innovation in Finance" Conference on December 6 and the Singular Research "Best of The Uncovereds" on December 9, 2021.

What is the significance of the BMTX and First Sound Bank merger?

The merger will create BMTX Bank, a fintech-focused bank aiming to serve customers digitally across the nation, expected to close in the second half of 2022.

How many accounts does BM Technologies manage?

BM Technologies currently manages approximately two million accounts.

What services does BM Technologies offer?

BM Technologies provides checking and savings accounts, personal loans, credit cards, and financial wellness tools.

Where does BM Technologies provide disbursement services?

BM Technologies offers disbursement services at approximately 745 college and university campuses, covering about one-third of U.S. college students.