2023-04-19 16:58:37 ET
- National Bank Holdings ( NYSE: NBHC ) said Wednesday its bank unit NBH Bank acquired StoneCastle Partners' subsidiary StoneCastle Digital Solutions , d/b/a Cambr.
- Terms were not disclosed.
- Cambr, a deposit acquisition and processing platform, administers ~$1.7B of deposits comprising over 500K FDIC-insured cash accounts.
- When added to NBH's banking competencies, Cambr is expected to bring expanded capabilities for embedded finance companies and widen client base.
- The platform will continue to go-to-market under the Cambr brand and will operate as a separate unit of NBH Bank.
- National Bank Holdings ( NBHC ) also reported better-than-expected Q1 results.
For further details see:
National Bank Holdings acquires deposit acquisition, processing platform Cambr