On the heels of the merger agreement between Megalith Financial and BankMobile Technologies, the target’s parent company Customers Bank said the shares received as payment will now be issued directly to the shareholders of Customers Bancorp, in lieu of the Bank. The merger is expected to close before the end of the year. Read more.
Customers Bancorp to Distribute Shares of BM Technologies Directly to Stockholders Following Megalith Merger
