The drama surrounding the Synapse Financial bankruptcy continued Friday (June 7) with an afternoon court hearing in California’s Central District Bankruptcy Court, although the case appeared no closer to a resolution. As a result, the hearing set the stage for what will be a complex series of events that will stress-test the very concept of banking-as-a-service and challenge the business models that have put millions of consumers’ assets at risk.
Read MorePumpelly brings 30 years of experience in capital markets to the table from his time at firms such as Cushman & Wakefield, Johnson Capital and HFF. His expertise on credit markets and access to debt and equity alternatives give Endurance clients a unique edge.
Read MoreBankadelic’s “Bank to School” special episodes have ranked among our most popular over the years, and our five guests this time around raise the GPA to new heights. Join Professor Lou as he quizzes them about 2023’s teachable moments, the banking industry’s honor-roll-worthy innovations, their agendas for learning — and the best excuse each one had for not turning in their homework.
Read MoreWilliam Mills Agency, the nation’s largest independent public relations and marketing firm specializing in financial technology, has been selected by Endurance Advisory Partners as its public relations agency of record.
Read MoreEndurance Advisory Partners announced that it named Roger Beverage to its advisory board. Roger will serve a pivotal role and advise Endurance as it expands the business with a focus on helping financial institutions in the areas of strategic initiatives, risk, technology and operational insights to thrive in the competitive market of banking.
Read MoreTwo of our experts, Larry Gordon and Dr. Kathleen Gowin, offer discussion about leveraging both technical and non-technical solutions to improve customer KYC processes in a video interview with Bank Info Security.
Read More“Those businesses expect ongoing cash inflows and outflows in Bitcoin, so it makes sense for them to hold a little excess Bitcoin to smooth the payment process. For them, holding Bitcoin is like a jeweler holding gold,” Patrick points out.
Read MoreScott Flowers, the managing director for retail and small business for Dallas-based Endurance Advisory Partners, says community banks should use electronic signature vehicles like DocuSign while paying “specific attention to regulatory required wet signatures.”
Read More“By the end of this year, there will be close to $2 trillion in banks that have digital online account-opening capabilities,” Curry said in an episode of JR/Now, hosted by Journal Record Interim Editor Joe Dowd.
Read MoreStephen Curry cautions that companies should weigh the pros and cons of going public. “It’s important because at the end of the day you don’t want to go public and then not have the proper investor support to make sure your stock gets the attention it needs and to craft the story you need to be successful.”
Read MoreA potential reason to outsource is difficulty in finding niche compliance talent or due to the high cost of maintaining that talent in-house. A big problem for mid-sized and small banks is having in-house subject matter experts to deal with narrow but important problems….Outsourcing, and even sending compliance functions offshore, is a potential alternative solution.
Read MoreThe idea behind a VC firm forming a SPAC is that the firm has all the information that enables it to figure out the right structure for the IPO, and the firm is therefore better positioned to execute the IPO than an investment bank...SPACs, once looked down upon, have become mainstream and are no longer viewed in the “same kind of category as penny stocks and the Wolf of Wall Street kind of behavior.”...“There is enough money in the SPAC world that almost anybody that’s approached to manage a SPAC would say, ‘sure I’d love to do that,” Patrick said.
Read MoreEverbach will focus on assembling and positioning real estate teams to ensure maximum returns to occupier and investor clients. Everbach has previously held real estate posts with Trammell Crow Company, Cambridge Realty Partners, Cushman & Wakefield, Lazarus Property Corporation, and Jones Lang LaSalle, as well as founding and managing Evergreen Realty Advisors.
Read More“A transaction of going public and for a public company to go private, it’s often thought of as a once-in-a-lifetime kind of occurrence,” [Patrick] said. “In the lifetime of a company, it’s once maybe every 20 years.”
Read MoreBefore joining Endurance, Everbach was the president of the Central Region for Colliers International Group. He is currently a member of the Board of Directors for the Dallas Regional Chamber, The Real Estate Council, and Downtown Dallas. “Steve’s insights into the commercial real estate market will provide our clients with valuable advice at a critical time,” CEO Stephen Curry said.
Read More"The Endurance leadership team consists of highly-successful experts from across the industry," said Steve Everbach, Managing Director for Commercial Real Estate Advisory of Endurance Advisory Partners. "But what sets Endurance apart, is its collaborative approach to pooling that expertise and developing the best strategic advice for each client. I look forward to working with this team and helping to serve more clients, especially as we see a tremendous opportunity ahead to help lenders, commercial real estate investors, operators and service companies shift gears as needed to continue to thrive in the new normal."
Read MoreEndurance Advisory Partners provides a broad range of consulting services with specialties such as Strategic Planning, Mergers & Acquisitions, Innovation & Digitization, Risk Management, Credit Risk, Mortgage Banking, Technology, and more to firms and executives across the country.
Read MoreEndurance Advisory Partners has appointed a raft of senior figures to roles ranging from private equity to investment banking.
Read MoreThe team is made up of industry veterans who have had distinguished careers in executive management at local, regional, and national firms, along with a history of building businesses, turning around struggling enterprises, addressing regulatory issues, implementing digital banking platforms, and solving problems.
Read MoreA downturn in deals meant that many banks paused efforts for growth, a position that can only be sustained for so long. Now, the challenges and changes wrought by the pandemic have a flip side: new opportunities for growth...“Consolidation is definitely in the winds,” said Stephen Curry, CEO of the bank consulting firm Endurance Advisory Partners.
Read MoreEndurance Advisory Partners published a white paper that offers advice to financial institutions on best practices for evolving in a post-pandemic world.
Read MoreThough Curry considers a rebound in nonbank M&A to be likely, he said that "for a bank to do a nonbank acquisition, they’ve got to be pretty confident about their capital and their earnings. At least three quarters of the bankers and investors aren’t there yet."
Read MoreAs the COVID vaccines are more widely distributed and the pandemic begins to wane, the pressures driving mergers may come roaring back.
Read MoreA team of highly experienced and industry-respected consultants in the financial services space that began working together in 2009 has expanded and relaunched as Endurance Advisory Partners… “we have seen a dramatic shift in the industry as it continues to react and adjust to a new normal," said Stephen Curry, CEO of Endurance Advisory Partners. "This was the impetus that led to us 'getting the band back together,' as we have had the great pleasure of working together in this capacity earlier in our careers. We have also recruited new talent to join us.”
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