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FinTech SmartBiz Eyes Full-Service Banking After Buying Centrust 

  • FinTech SmartBiz has acquired Centrust Bank and has now become a full bank, aiming to offer a full suite of commercial banking services to small businesses.
  • SmartBiz wants to bridge the gap between banks and small businesses by saying 'yes' to the amount they need, in a fast and easy way.
  • The company has already enabled $9 billion in SBA loans and plans to expand its product offerings, including deposit accounts for small businesses nationally.
  • As a nationally chartered bank, SmartBiz Bancshares will primarily be regulated by the OCC, the Fed, and the SBA.

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