​Happy Friday and HAPPY MOTHER’S DAY ❤️❤️❤️ to all the Mom’s 🙏!!!
 
Here is the Uncle Sean Update for 5/8/26 (subscribe here for free):
 
A quick economic update (because you know I am obsessed with macroeconomics 🤓):

• The BLS issued the April Jobs Report showing +155,000 jobs added (Dow Jones estimate was +55k) with unemployment holding steady at 4.3%.
  • Revisions…  March was revised up by +7K from +178K to +185K ; and February was revised down an additional -23K to a total of -156K.  You can see the detailed revision history here.
    • Per the release, “In April, health care added 37,000 jobs, in line with the average monthly gain of 32,000 over the prior 12 months. Over the month, job gains occurred in nursing and residential care facilities (+15,000) and home health care services (+11,000).”
    • Worth noting that average hourly earnings have increased 3.6% YoY…  Potentially pointing towards a somewhat challenging consumer picture when considering PCE inflation at 3.5% for March (Core PCE was 3.2%); and CPI for March was 3.3% (Core CPI was 2.6%)…
      • CNBC has a good summary.

 

• Looking forward…  April CPI report is expected next week on Tuesday, May 12.

 
Some big headlines around AI this week (I’m going to try to hit these in rapid-fire fashion):

• Anthropic announced the launch of 10 new AI agents for banks, insurers, and other companies designed for financial services.  Note the existing and new connectors in the blog post as well as Moody’s MCP
  app.

 

• FIS (NYSE: FIS) announced that it is working with Anthropic to bring agentic AI to banking beginning with the Financial Crimes AI Agent combining Claude's reasoning with FIS's banking data and regulatory infrastructure.
  • BMO and Amalgamated Bank will be among the first institutions to deploy the agent, with broader availability planned for H2 2026.

 

• In a speech (Artificial Intelligence in the Financial System), Federal Reserve Vice Chair for Supervision Michelle W. Bowman stated that the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation, of which she is the chair, is working with the U.S. Treasury and the SEC on a report that will cover sound practices for AI adoption, use and innovation. A draft is set to be released in the third quarter.

 

• Meanwhile, the Cybersecurity and Infrastructure Security Agency (CISA) released guidance “CI Fortify | CISA” urging critical infrastructure operators to defend against disruptive cyberattacks with proactive isolation and recovery planning noting “constant intrusion attempts from nation-state cyber threat actors.”
  • In case you are wondering, here is the list of the 16 Critical Infrastructure Sectors | CISA.

 
And back to the rest of the Update:

• 🤔 This appears to be moving forward…  The SEC proposes amendments to permit optional semiannual reporting by public companies (form 10-S) as opposed to the existing quarterly (form 10-Q) reports.  “The proposing release will be published on SEC.gov and in the Federal Register. The public comment period will remain open until 60 days after the date of publication of the proposing release in the Federal Register.” (bold emphasis added by Uncle Sean)

 

• COCC announced a partnership with Digital Onboarding allowing COCC clients to gain access to Digital Onboarding’s turnkey engagement platform that drives early activation and product adoption beyond the initial account opening. 🤙

 

• 👉 CSI introduces its AI-powered Customer Intelligence Suite to help FI’s with more meaningful engagement with their consumer and business customers by using “AI-driven signals that synthesize data from core, digital banking, payments, deposit and loan origination, and other third-party sources to identify meaningful changes in a customer’s financial life.”  Check it out at Customer Intelligence Suite | CSI.

 

• Vine (a BHB Fund company) announced the launch of its AI Assistant within the Vine platform designed to help lenders analyze borrower documents, compare the loan package to bank policies, surface insights, and prepare robust credit memos – providing speed and accuracy in the entire loan workflow process (and aligned with the institutions lending standards empowering the banks to make informed decisions rather than letting technology make the decision for them).  Very nice!!!

 

• Stablecore (a BHB Fund company) makes headlines as the Tennessee Bankers Association Endorses Stablecore as Digital Asset Technology Provider. 👏

 

• Modak (family-focused financial platform) announced the launch of MoGold premium membership along with its parent debit card that has surpassed 200,000 accounts nationwide (deposit account and the Modak Visa® debit card are issued by Legend Bank, N.A.). 🙌
  • Uncle Sean is always a supporter of financial literacy for kids and young adults – family apps like this bring the conversation and education back to the home. 😊

 

• Blend Labs (NYSE: BLND) announced the launch of Autopilot MCP server giving authorized AI agents access to the full Blend platform.   

 

• Ncontracts announced the launch of Nquiry Ntelligence – “an AI-powered compliance intelligence platform purpose built to help financial organizations get fast, accurate, cited, auditable answers to complex regulatory questions in minutes.” 

 

• Intuit Credit Karma announced the launch of Credit Spark, a multi-stage credit building tool designed for the “roughly 17 million American adults are “credit invisible” or “thin file,” meaning they have no credit report whatsoever, or they have a credit file but not enough history to generate a valid credit score.”

 

• Plaid (recall their status as a consumer reporting agency (CRA)) announced the launch of  Plaid Cash Advance Index – “a risk solution built specifically for cash advance and earned wage access providers that surfaces repayment risk across a user’s full financial footprint” for cash flow credit decisioning as opposed to just a single linked bank account.

 

• Cedar Point Federal Credit Union (charter 5234; total assets $903M) selects Velera for debit and credit card processing services and support via “a phased rollout from late 2026 to early 2027.”

 

• Primeway Federal Credit Union (charter 2131; total assets $732M) selects Mahalo’s Thoughtful Banking® platform for digital banking and its close alignment with its existing core processor, Corelation Keystone.

 

• Summit Choice Credit Union (fka Fire Police City County FCU; charter 21593; total assets $209M) partners with InvestiFi to allow members to invest directly from their checking accounts through the credit union’s existing digital banking platform.

 
Some Risk Management updates:

• Unfortunately, we had our second bank failure of the year late last Friday as the Georgia Department of Banking and Finance closed Community Bank and Trust - West Georgia in La Grange, GA (FDIC 25796; total assets $288M; total deposits $268M).  The bank had a FedFis Rating© of 4.64 as of the Dec 2025 QTR placing them in the lowest percentile of all banks.  You can read more about this in our FedFis Bank Failure Alert notice that includes additional insights.
• Credit to Jason Mikula with this excellent and detailed LinkedIn post revealing the Ch. 7 Bankruptcy of fintech platform Parker (SMB business payments, banking, and CC offering) and their abrupt shutdown this week.

 
A few FinTech funding headlines:

• InstaSwitch (white-labeled and embedded business account switching solution) $4.7M in Seed Round funding.
• Rumor mill…  Ramp is allegedly looking to raise $750M at a $40B valuation according to The Wall Street Journal.

 
 
Random Uncle Sean stuff:

• Upon review, it appears that Jeff Bezos is NOT selling his super-yacht…  That’s too bad as I was going to see if Tanner Mayo wanted to go in halves with me for the most epic catfishing boat ever (do you think ole Jeff would take a check? 😬😉)!!! 🤠
• I seized the rare opportunity to take last Monday afternoon off (I know – don’t tell my Boss 😊)!!!  Aunt Patty and I went to Dangerfield State Park here in deep East Texas and enjoyed a nice and easy 2.5 mile hike around Little Pine Lake – WOW such a beautiful and peaceful place!!!  We highly recommend visiting for a few hours or an entire weekend.  We even stopped at Sonic for some ice cream on our way back home (negating the benefit of exercise, but it was so worth it). 🍦
• And here are the Dad / Bad Jokes to end the week:
  • If you ever get a bladder infection…  Urine trouble… 🤦‍♂️😅
  • Turns out it’s true that exercise helps with decision making.  I went for a run at 5 AM this morning and decided never to do that again! 🏃‍♂️‍➡️
  • Why isn’t the bedroom called the restroom??? 🤷‍♂️
  • It’s pointless to use fractions instead of decimals… 😉
  • In honor of May 4th (Star Wars Day)…  We were watching The Empire Strikes Back scene where Han Solo placed Luke inside a dead tauntaun to prevent him from dying of hypothermia and Aunt Patty asked how warm it could actually be inside that animal… To which I replied…  “Lukewarm.”  😂🤣

 
 
“The world needs good people - be one of them.”
 
Have a ❤️❤️❤️ GREAT MOTHER’S DAY WEEKEND ❤️❤️❤️ and please stay safe!
 
Uncle Sean
 
Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at [email protected] | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | [email protected] #FedFisHasTheData FedFis
 
FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC and its affiliates – we all know he’s a little bit different; but that’s why we love him.
 
 

The second bank failure of 2026…
 
On 5/1/26, the Georgia Department of Banking and Finance closed Community Bank and Trust – West Georgia in La Grange, GA (FDIC 25796; total assets $288M; total deposits $268M as of the 12/31/25 call report) and appointed the FDIC as receiver.  Anchor Bank in Palm Beach Gardens, FL (FDIC 57931; total assets $607M) to assume substantially all insured deposits and acquire certain assets of Community Bank and Trust - West Georgia.
 

• The FDIC estimates that the failure will cost its Deposit Insurance Fund approximately $97 million.
• Approximately $27 million of the deposits exceeded FDIC insurance limits.
• Source - Anchor Bank Assumes Insured Deposits of Community Bank and Trust - West Georgia, LaGrange, Georgia | FDIC.gov

 
 
Additional FedFis insights as of the 12/31/25 call report:

• Community Bank and Trust – West Georgia had a FedFis Rating© of 4.64 for the Dec 2025 QTR placing them in the lowest percentile of all US banks (and 3.68 YTD Dec 2025 placing them in the bottom 3% of all US banks).  The bank has struggled with Assets Quality issues for the last two years.
  • The $97M estimated cost to the DIF is substantial considering the asset size of the bank at $288M (includes $32M in cash and $23M in AFS securities).  For reference, the Metropolitan Capital Bank & Trust failure earlier this year had an estimated cost to the DIF of $19.7M with total assets of $261M.
• The bank’s $191M loan portfolio consists primarily of $84M in Commercial & Industrial loans (44% of total loans) with $65M of that being CRE (34% of total loans).
  • Total nonperforming loans of $19.4M with an Allowance for LLL of only $4.7M creating a past due loans / loan loss allowance ratio of 536.6%.  This is after net charge-offs of $10M YTD.
• Community Bank and Trust – West Georgia had tangible equity capital of $12.2M at 12/31/25 with a Texas Ratio of 122.81% and an Adjusted Texas Ratio of 96.55% (taking into account certain government guaranteed loans).

 
It is also worth mentioning that the holding company (Community Bankshares, Inc.) had recently received a cease-and-desist order dated April 14 from the Federal Reserve related to the BHC’s “growth strategy focused on purchasing and originating United States Department of Agriculture and Small Business Administration loans through certain nonbank subsidiaries requiring significant financial and managerial resources and support from Bankshares.”

• Reference - https://www.federalreserve.gov/newsevents/pressreleases/files/enf20260416a1.pdf

 
That nonbank subsidiary appears to be Pheonix Lender Services, LLC per the NIC and confirmed through this press release in November 2025 - https://www.globenewswire.com/news-release/2025/11/04/3180292/0/en/phoenix-lender-services-facilitates-record-325-million-in-sba-and-usda-loan-closings-in-first-full-year-of-operations.html.
 
 
Sean Mayo
Sr. VP, US Financial Institutions Group
[email protected]

Happy Friday!!!
 
Welcome to May (wait, already?)!!!  Here is the Uncle Sean Update for 5/1/26 (subscribe here for free – all the cool kids are doing it 😊):
 

• 💥 This week brings a bombshell announcement in the BaaS Sponsor Bank space as Coastal Community Bank (CCB; FDIC 34403; total assets $5.7B) has entered into a non-binding term sheet with Evolve Bank & Trust (FDIC 1299; total assets $1.2B) to acquire the assets and deposits of Evolve’s diverse set of banking-as-a-service programs.  Here is the CCB 8-K filing.
  • Recall where the embattled Evolve Bank & Trust has been under a Federal Reserve enforcement action related to deficiencies in the risk management of its fintech program; and was completely enthralled in unsuccessful ledger reconciliation efforts of missing funds related to the Synapse middleware bankruptcy saga to which the CFPB is now set to pay $46M to Synapse victims.

 

• It’s Fed Week!!!  The FOMC (as expected) again voted to keep interest rates at their current range of 3.5% - 3.75% noting “developments in the Middle East are contributing to a high level of uncertainty about the economic outlook.”  Although rates didn’t change, that’s not to say it was uneventful…  Here are some key takeaways that caught my attention:
  • The decision was far from unanimous with an 8-4 vote.  Dissenters were also split with Miran voting to lower rates by ¼ point; and Hammack, Kashkari, and Logan who supported maintaining the current rates, but not in favor of the easing bias within the statement.
    • Looks like incoming Chairman Warsh will lead a diverse panel in a challenging economic time. 
  • After his term as Chair ends on May 15, Chairman Powell to stay on as governor for “a period of time, to be determined.” Transcript of Chair Powell’s Press Conference - April 29, 2026
  • The Implementation Note issued April 29, 2026 notes continued rebalancing of holdings from longer dated securities to shorter dated Treasury Bills (3 years or less).
  • You can watch the Press Conference video here (53 minutes) - https://www.youtube.com/watch?v=UR2yFg--1jY

 

• 👀 De Novo watch… This week, Mercury receives conditional OCC approval to establish Mercury Bank, N.A. 👏
  • Mercury first announced its intent to pursue a national bank charter in December 2025. The application was submitted alongside an application for federal deposit insurance with the FDIC. Later, Mercury Technologies, Inc. will separately file an application with the Federal Reserve to become a bank holding company. Mercury Bank, N.A. will be headquartered in Utah.

 

• And of course some economic data this week:
  • The BEA announced the first estimate of 1Q2026 GDP came in at 2.0% (4Q2025 was 0.5%) noting a significant surge in business spending on equipment (specifically information processing equipment and computers) and intellectual property products (software), which was heavily driven by the ongoing AI data center build-out.
    • Unfortunately, our debt to GDP ratio has now exceeded 100% - about 2X what it has historically been.
  • Meanwhile inflation has started to pick up lead by energy costs (hello gasoline 😬)…  March 2026 PCE came in at 3.5% YoY (prior month was 2.8%) while Core PCE increased to 3.2% (prior month was 3.0%) - all well above the Fed target of 2%.

 

• Another credit union acquisition of a bank…  Interra Credit Union (Charter 82794; total assets $2B) to acquire The Hicksville Bank (FDIC 16370; total assets $227M).  This is the 4th announced (whole-bank transaction) CU acquisition of a bank so far in 2026 (source: FedFis - FinTech | Banking | Data).

 

• While on the topic of acquisitions… OppFi Inc. (NYSE: OPFI) to acquire BNC National Bank (FDIC 57197; total assets $1.1B) in a cash and stock transaction valued at approximately $130M.

 

• And more acquisition updates…  Barclays Bank Delaware (FDIC 57203; total assets $46.6B) completes its acquisition of Best Egg, the direct-to-consumer personal loan origination platform (initial acquisition announcement was 10/28/25).  The acquired business will continue to operate under the "Best Egg" brand and managed by Barclays US Consumer Bank.

 

• Qolo announced an expanded partnership with KeyBank (FDIC 17534; total assets $186B) with the launch of Key Virtual Card (KeyVC) powered by Qolo, a new virtual commercial card program that helps businesses more easily manage and track payments directly within Key’s Virtual Account Management platform (KeyVAM).

 

• On the fraud side:
  • FedNOW is announcing a network intelligence API enabling users to access receiver account-level data seen over the instant payment network when they receive a transaction request.  The data obtained from the API integration is meant to complement a financial institution’s existing data that’s already collected as part of its risk assessment process. The API will be part of the Federal Reserve Financial Service fraud and risk mitigation tools.
  • Q2 (NYSE: QTWO) announced User Activity Monitoring and Restricted Entitlements Mode – two new capabilities that combine AI-enabled detection with real-time response, helping financial institutions detect and stop account takeover fraud.

 

• Nacha announced they will be increasing same-day ACH per payment limit to $10M 🚀 effective Sept 17, 2027.

 

• More headlines focused on SME business banking 🔥…  BMO (specifically BMO Bank N.A. here in the US; FDIC 16571) announced the national U.S. rollout of its simplified Online Banking for Business (OLBB) platform.  The new platform is available through BMO's BusinessWorks U.S. pricing bundle, a turnkey banking solution that is designed with simplification and ease of understanding for SMEs, Emerging Middle Market, and business banking clients.

 

• FIS (NYSE: FIS) and a consortium of leading US financial institutions to build their own digital tokenized money network.  Dubbed  Project Keystone - a bank-owned and bank-administered network for digital money to be built on regulated deposits. 

 

• Credit One Bank (FDIC 25620; total assets $2.2B) partners with Bright Money to embed Credit One Bank credit card offering enabling over 1 million Bright Money users with access to personalized credit card solutions.

 

• The new Aven Bitcoin Visa Card (credit card issued by Coastal Community Bank) will offer a bitcoin-backed line of credit up to $1 million 💰 featuring fixed-rate, fixed-term loans of up to 10 years at a 7.99% APR.

 

• Disbo (modern payments platform for law firms and medical offices) will use Modern Treasury’s payment service provider (PSP) to build its new Med-Legal Payment Network for digital disbursements and direct deposits, replacing check-heavy workflows with modern digital infrastructure.  Check out what Disbo is building here - Disbo — Your Trust Account Deserves Better Software.

 

• 👀 Walmart’s OnePay has partnered with Tempo (blockchain) to focus on stablecoin infrastructure development to power OnePay stablecoin payouts and instant account funding for OnePay’s banking product.

 

• Notable FinTech funding for the week:
  • Kashable (employer sponsored employee financial wellness program) raised $60M in Series C funding round stating that valuation “had tripled since its January 2024 Series B raise.”
  • Doc2Doc (financial services platform for healthcare providers) closed a credit facility of up to $150M to expand Doc2Doc’s loan origination capacity, improve its cost of funds, and accelerate profitable growth.

 
 
Random Uncle Sean stuff:

• 👉 Another PSA to remind everyone that next week is National Small Business Week (May 3 through May 9) – definitely check out this FREE virtual summit by our friends at the SBA - Virtual summit | U.S. Small Business Administration. 🤙
• Here they are – the Dad / Bad Jokes for the week!!!
  • I found myself face down in the gutter once…  I just didn’t expect everyone to keep bowling! 🤠
  • At work they call me “The Computer” not because I’m smart, but because I go to sleep if left unattended for 15 minutes!!! 😄😴
  • 🙏 An ancient philosopher once said, “One does not simply become a master of karate.  First, you must accidentally walk into a spider web at night!” 😲😅
  • Don’t kick your kids out at 18.  Let them live at home but charge them $600/month.  Take that rent and put it into an account that you don’t tell them about.  Then when they finally move out, go buy that Porsche you’ve always wanted!!!! 😂🤣
    • Be sure to follow Uncle Sean for more financial planning advice! 😉

 
 
“The world needs good people - be one of them.”
 
Have a GREAT weekend and please stay safe!
 
Uncle Sean
 
Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at [email protected] | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | [email protected] #FedFisHasTheData FedFis
 
FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC and its affiliates – we all know he’s a little bit different; but that’s why we love him.
 

Happy Friday!!!
 
Here is the Uncle Sean Update for 4/24/26 (subscribe here for free to join approximately 18,000 of your peers in receiving the Uncle Sean Update straight to your inbox every week):
 

• The Justice Department drops its criminal investigation into the Federal Reserve and Chairman Jerome Powell likely clearing the way for Kevin Warsh confirmation as incoming Fed Chair (Powell’s term as Fed Chair ends on May 15).

 

• And some good news for community banks as the FDIC’s Final Rule on Revisions to the Community Bank Leverage Ratio (CBLR) Framework reduces the CBLR to 8% and extends the grace period allowing for more community banks to qualify for the CBLR framework.

 

• Nacha flexes 💪 this week as they reported continued strong growth in the first quarter of 2026, noting:
  • The ACH Network’s payments volume grew 4.8% over last year to 8.9B transactions with a value of $24.1 Trillion 💰💰💰 (an increase of 9.3% over last year).
    • Same-day ACH payments surged 23.6% year over year to 403M transactions for the quarter with a value of $1.1T (an increase of 22.1% over last year).
    • B2B payment volume grew 9.4% to 2.1B transactions.

 

• Forte Bank (FDIC 5297; total assets $432M) selects CSI NuPoint for core processing along with Apiture (owned by CSI) for digital banking and loan origination.
  • 👏 That’s a strong trifecta win for CSI (core, online, and mobile) – particularly impressive as they are displacing an incumbent vendor that had a core strategic position (same vendor for core, online, and mobile)!!!

 

• Stablecore (a BHB Fund company) announced a strategic partnership with the Maine Bankers Association where Stablecore will serve as a preferred technology provider for the Maine Bankers Association’s members, enabling them to offer stablecoin and digital asset products to remain competitive in the market and provide additional value to current and new customers.  👍

 

• Meow (global business banking fintech – bank partners are Cross River, Grasshopper, and CFSB via Airwallex card) partners with BVNK to “power Meow’s stablecoin and crypto payments globally, adding new currencies and providing access to the Swift network, enabling customers to move seamlessly between fiat and digital assets, reducing costs and delays in cross-border payments.”
  • Recall last month (March 17) where Mastercard to acquire BVNK to connect on-chain payments and fiat rails.

 

• 👉 More de novo activity!!!  A pair of OCC de novo applications to create FDIC insured national banks:
  • Mission Lane (credit card fintech) applied with the OCC and FDIC to establish Mission Lane Bank, a credit card bank.
  • Organizers have filed with the OCC and FDIC to establish OpenReserve Bank, National Association.

 

• Some name changes this week:
  • LendingClub Bank (FDIC 32551, total assets $11.5B) is changing its name Happen Bank with plans to launch the new name by July 2026.
  • First-Citizens Bank &Trust Company (FDIC 11063; total assets $230B) aligning its brand names in Q4 2026.  “Silicon Valley Bank (SVB), a division of First Citizens Bank, will rebrand as First Citizens Innovation Banking and First Citizens Fund Banking. CIT Commercial Services, a leading provider of working capital financing, and the Silicon Valley Bank Wine division will rebrand as First Citizens Bank.”

 

• FinWise Bank (FDIC 35323; total assets $967M) announced a sponsorship agreement with Vera, Inc. to launch an unsecured consumer credit card program (using Zeta as card processor) targeting prime and near-prime US customers.

 

• Walmart’s OnePay announced the launch of OnePay Builder Card, a credit building card (a secured open-loop Mastercard charge card) with no credit check, security deposit, fees or interest.
  • “Fully integrated into the OnePay app and connected to a customer’s Cash account, the Builder Card works differently and is designed to simplify credit building. Customers make purchases based on their available Spend balance, with funds set aside automatically to cover those transactions. Payments can also be handled automatically, helping customers stay on track without the risk of missed payments. Each month, OnePay reports positive payment activity to all three major credit bureaus, supporting customers as they build their credit history over time.”

 

• So this is only in the UK right now, but I can’t help but wonder how long before this comes to the US…  Visa and TikTok (yep) launch new 'Creator Card' debit card and business account.

 

• Focus Bank (FDIC 1426; total assets $880M) implements Bond.AI's Autopilot Profit module to generate real-time customer insights and personalized product recommendations from transaction data using AI.
  • Check out Bond.AI’s Autopilot Analyst and their Autopilot Profit modules built specifically for banks and credit unions.

 

• PECU (charter 67428; total assets $437M) selects CheckAlt's LoanPay solution to streamline loan payment processing by automating key workflows with a clean interface and flexible payment options.

 

• 🎉 BIG win for InvestiFi as Pentagon Federal Credit Union (PenFed; charter 227; total assets $29B), one of the largest CU’s in the nation, has partnered with InvestiFi to bring embedded investing to its 2.8 million members.

 

• OnPath Federal Credit Union (charter 14692; total assets $1.2B) has launched an in-house BNPL solution (powered by equipifi) fully integrated within OnPath’s online and mobile banking platforms.

 

• Southwest Louisiana Credit Union (charter 62756; total assets $178M) launches family financial literacy partnership with My First Nest Egg.

 

• 👀 ICYMI…  The FBI’s Internet Crime Compliance Center (IC3) published their 2025 Annual Report on cyber-enabled crime noting losses topped $20B in 2025 (up substantially from $4.2B in 2020 😲) with investment-related fraud the largest component of losses and the 60+ age group being the most impacted.

 

• 👉 Some good macro-level info here if you like to geek out like me 😊… The FDIC published their 2026 Risk Review which is an overview of 2025 economic and financial market conditions as well as key risks to banks.  Couple of key points:
  • Uninsured deposits drove industry deposit growth.
  • Unrealized losses on securities are still a sticky problem, but declining (a steepening yield curve with long-term rates remaining relatively steady).
  • NDFI loan growth was (still) the fastest growing loan segment by far (35.2% YoY growth for 2025); and heavily concentrated at the largest banks (with NDFI credit quality remaining favorable). 
    • 86% of all NDFI loan balance was held by banks with $100B or more in total assets; and ten of those banks held about 66% of total NDFI loans.
    • At the very largest institutions (those with assets of more than $250B), NDFI loans have surged from just 1.2% of total loans in 2010 to 15.6% as of 4Q2025.

 

• Some personnel moves:
  • Congratulations to community banker Trey Maust as the new Chief Innovation Officer for the FDIC!!!
  • Fiserv appoints Vishal Dalal as Chief Product Officer ( Financial Solutions ) per this LinkedIn post.

 
 
Random Uncle Sean stuff:

• IRS PSA (note that Uncle Sean is not a tax attorney; and this does not constitute advice – always do your own diligence 😊)…  Check out the final regulations for workers who receive tips - Treasury, IRS issue final regulations listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill | Internal Revenue Service.  Note the definition of “qualified tips” excludes automatic service charges for large parties:
  • “Qualified tips must be paid voluntarily by the customer and not be subject to negotiation. Qualified tips do not include service charges unless the customer has an option to disregard or modify the service charge.  For instance, in the case of a restaurant that imposes an automatic 18% service charge for large parties and distributes that amount to waiters, bussers and kitchen staff, if the charge is added with no option for the customer to disregard or modify it, the amounts distributed to the workers from this service charge are not qualified tips.”
    • May need to double check that restaurant POS earnings code so payroll can get those W2’s right (taxable tips versus non-taxable tips)!!! 🤔
• 🤠 You made it!!!  Here are the Dad / Bad Jokes for the week:
  • Have you heard about the new corduroy pillows?  They’re making headlines… 😉😅
  • My neighbor has two Dobermans named Rolex and Timex…  They’re watch dogs… 🐶😄
  • Back in High School I was so excited to become a Senior…  I’m not too excited now… 👴😬
  • Allegedly, Iran rejected an initial proposal that gave them the Dallas Cowboys… 😂🤣
  • Cinco de Mayo lands on Taco Tuesday this year.  The stars have aligned… THIS is what we have been training for, people!!! 🙌🎉🌮

 
 
“The world needs good people - be one of them.”
 
Have a GREAT weekend and please stay safe!
 
Uncle Sean
 
Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at [email protected] | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | [email protected] #FedFisHasTheData FedFis
 
FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC and its affiliates – we all know he’s a little bit different; but that’s why we love him.
 

​

​Happy Friday!!!
 
Here is the Uncle Sean Update for 4/17/26 (subscribe here for free):
 

• Finosec gets the flex of the week 💪 with their announcement that more than 100 ICBA member banks are now using the Finosec platform to strengthen and modernize their cybersecurity governance programs. 🚀

 

• 👉 Cable (automated compliance testing platform for banks to test their own controls AND their third-party fintech partners) has been acquired by Synctera.  “Cable will continue to exist as a stand-alone product, powered by Synctera’s deep pockets, talented team and impressive list of bank and fintech customers.”

 

• Speaking of compliance…  By now you have probably heard about the proposed rule to “fundamentally reform”  AML / CFT programs for financial institutions (joint proposal from the OCC, FDIC, and NCUA; and aligned with FinCEN’s proposed rule).  If you haven’t heard about it, this summary update by international law firm Perkins Coie is an excellent and quick read to get up to speed - Federal Banking Agencies and FinCEN Hit Reset on AML/CFT: Implications for Financial Institutions | Perkins Coie.

 

• 👏 And another De Novo!!!  Shoutout to Private Bank & Trust in Gainesville, Ga., having received conditional approval from the FDIC!!!

 

• SoFi Bank, N.A. (FDIC 26881; total assets $46.6B) now offers instant bank transfers via the FedNow Service powered by its subsidiary, Galileo Financial Technologies.  The new service allows both send and receive payments at any time of day including weekends (24/7).

 

• Pinwheel is now the direct deposit launch partner for Robinhood Banking citing Pinwheel’s PreMatch technology.

 

• 🎉 CSI logs another win as Wayne County Bank (FDIC 9168; total assets $579M) selects the Apiture Digital Banking Platform (now owned by CSI) to power a “fully featured, scalable solution that supports its business banking growth goals while delivering the modern experience today’s account holders expect.”

 

• Vine Financial (a BHB Fund company) announced that PrimeWay Federal Credit Union (charter 2131; total assets $724M) is the first CU to implement Vine's AI-powered commercial lending platform. 
  • “PrimeWay is leading a shift we expect to see across more credit unions,” said David Eads, CEO and co-founder of Vine. “There is a significant opportunity to better serve business members, and commercial lending is one of the most impactful ways to support local businesses and drive growth.”  Congrats!!! 🎉

 

• FinGoal (another BHB Fund company) and Strum Platform have partnered together to deliver deeper member personalization for Credit Unions and Banks by integrating FinGoal’s transaction enrichment engine and personalized offer capabilities directly into Strum Platform’s Customer Data Platform (CDP - lifestyle segmentation, profitability modeling, and marketing automation tools), giving financial institutions a more complete and actionable view to power each member’s financial life and deepen wallet share.  Nice!!! 👏

 

• CTBC Bank USA (FDIC 19416; total assets $5.6B) selects Narmi for strategic digital banking initiatives (digital account opening, consumer and business digital banking) as part of a broader phased modernization effort at the bank.

 

• 🚀 Aspire formally launches in the US to modernize the finance stack for US companies doing business internationally.  To further support the complex needs of global scaling, Aspire has also deepened its integration with Deel, the global leader in HR and payroll infrastructure.
  • Per the PR, “Aspire’s financial stack seamlessly integrates FX, cards, yield and credit with essential business tools like accounting, payroll and spend management across 16 currencies, supported by more than 10 international licenses across Singapore, Hong Kong, Australia, Europe, the United States and Canada.”
  • “To lead the U.S. expansion, Aspire has appointed David Harris, formerly with Revolut, as U.S. Country Head. Harris joins a global leadership team that includes veterans from Wise and Revolut, all supporting Aspire’s mission to scale across 30+ markets.”

 

• Airwallex (global payments platform) is launching a point-of-sale product that allows businesses to accept in-person payments in multiple countries via a single platform, without onboarding local vendors in every market.  This TechCrunch article is a great summary.

 

• OpenAI (ChatGPT) has acquired Hiro, the AI-based PFM platform.  This is OpenAI’s second fintech purchase, following its acquisition of personal finance app Roi in October per this Banking Dive article.

 

• American Express (NYSE: AXP) has acquired Hypercard, an agentic expense management company, adding to Amex’s AI expertise and capabilities across its commercial services business.

 

• WISCUB Service Center (WSC, a Wisconsin-based CUSO) partners with CheckAlt to offer CheckAlt’s Electronic Lockbox and Branch & Teller Capture solutions to its network of credit unions to help reduce manual processing, improve operational visibility, and enable faster, more efficient payment handling. 

 

• nbkc bank (FDIC 35014; total assets $1.3B) announced the purchase of a new headquarters building at 7400 W 110th Street (110th Street and Metcalf Avenue) in Overland Park, Kansas.

 

• 👀 So many ways this hydrologic risk impacts Ag Banks, Commercial Banks, and Community Banks in the Southwest and Mountain West regions…  Keeping an eye on the deepening Colorado River crisis as the seven states (Upper Basin: Colorado, Utah, Wyoming, New Mexico; and Lower Basin: Arizona, Nevada, California) have been unable to work a deal; and the Trump administration has warned that if the states can’t strike a deal, they may step in and make a decision nobody likes… 🙏

 

• impactFI Advisors hires Christian Ruppe as Partner and Chief Strategy Officer.  Congrats, Christian – give us a call if you need anything!!!

 

• Notable FinTech funding for the week:
  • Slash raised $100M in Series C funding round at a valuation of $1.4B. 🦄
  • Wealth.com raised $65M in Series B round following “664% year-over-year growth.”
  • Ratio raised $15.8M venture financing round and secured a $100M lending facility citing “349% year-over-year ARR growth, following 800% growth in 2024.”
  • Debbie raised $5.3M Seed round and launched Rewards 2.0, a cash rewards platform structured around building savings and reducing debt rather than incentivizing consumer spending.

 
 
Random Uncle Sean stuff:

• Bird watch !!!  The often vocal Summer Tanager bird has returned to East Texas from its winter habitat in Mexico!  While having a mixed diet, they are also known as specialists at catching wasps and bees in mid-flight taking them back to a perch where it beats them against a branch until they die.  It then wipes them on the branch to remove the stinger and eats them. 😲 Okay then!!!
• I ran across this quote while reading Young Money by Jack Raines (subscribe at https://www.youngmoney.co/).  And yes - I’m painfully aware of the irony of being way too “seasoned” to be reading “young money” LOL!  In promoting his upcoming book, Jack mentions:
  • In the last chapter of his memoir, Norm Macdonald warned us that “The only thing an old man can tell a young man is that it goes fast, real fast, and if you’re not careful it’s too late. Of course, the young man will never understand this truth.”
    • That hits heavy!!!
• You made it!!!  Here are the Dad / Bad Jokes to wrap up the week:
  • My mind still thinks I’m 25…  My body thinks my mind is an idiot! 🙃😅
  • What do you call the policewoman that does the chalk outlines at a crime scene?  Tracey… 👮‍♀️😉
  • I’m going to be in serious trouble if my coworkers ever find out that I don’t actually have Tourette’s… 😬🤠
  • On a first date... Her: “Do you like dogs or cats better?” Him (flipping through the menu): “What page are you on?” 🤣

 
 
“The world needs good people - be one of them.”
 
Have a GREAT weekend and please stay safe!
 
Uncle Sean
 
Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at [email protected] | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | [email protected] #FedFisHasTheData FedFis
 
FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC and its affiliates – we all know he’s a little bit different; but that’s why we love him.
 
 

​Happy Friday!!!
 
WOW there is a lot going on, so let’s jump right in!  Here is the Uncle Sean Update for 4/10/26 (subscribe here for free):
 

• 👀 ICYMI…  Federal Reserve Chairman Jerome Powell and Treasury Secretary Scott Bessent called an urgent meeting this week with bank CEO’s to warn of cyber risks associated with Anthropic's latest AI model (Mythos).  Anthropic has launched Project Glasswing and purposedly limited the Claude Mythos model release to allow major tech firms and banks (critical software infrastructure) to use the model to scan and secure both first-party and open-source systems.
  • Anthropic said the model is capable of identifying and exploiting weaknesses across every major operating system and every major web browser.  “The fallout—for economies, public safety, and national security—could be severe. Project Glasswing is an urgent attempt to put these capabilities to work for defensive purposes.”  Yikes!! 😬

 

• Quite a bit of news on the economic front:
  • The BLS came out with a strong 💪 March Jobs Report showing +178,000 jobs added (Dow Jones estimate was +59K) with unemployment ticking slightly lower at 4.3% (but that was primarily driven by a sharp reduction in the labor force).
    • January was revised up by 34,000, from +126,000 to +160,000, and the change for February was revised down by 41,000, from -92,000 to -133,000 (revision history can be found here).
      • If you have been following some of my presentations recently, you will not be surprised to see that healthcare is leading the job growth (the other leg of the K-shaped economy – demographic concentration of an aging population).
  • The BEA released the Feb PCE Report (the Fed’s preferred measure of inflation) showing 2.8% headline inflation (estimate was 2.6%) with Core PCE hitting 3.0% (as expected); and well above the Fed long-range target of 2%.
  • The BLS March CPI Report came in smoking hot 🔥as expected at 3.3% headline rate (Feb was 2.4%) driven by a surge in energy costs of 10.9% (the largest monthly increase since Sept 2005) with gasoline spiking by 21.2% (the largest monthly increase since the series was first published in 1967).  Core CPI at 2.6% was much more reasonable (last month was 2.5%).  CNBC has a good summary.
  • And Final 4Q GDP (third and final estimate) was revised down by 0.2 percentage points to 0.5% (first estimate was 1.4%, second estimate was 0.7%).  Recall the BEA estimate that the government shutdown likely resulted in a subtraction of “about 1.0 percentage point from real GDP growth in the fourth quarter.”

 

• Shout-out to my friends at Acceleron 🫶 as they announced their new partnership with Monex US Division bringing “Monex's robust payment infrastructure into the Acceleron's correspondent banking ecosystem, giving financial institutions new capabilities for sending money internationally and managing inbound wires with greater efficiency.” 🚀
  • I may be biased as I know the good folks over at Acceleron pretty well (and yes, they are all awesome), but all community banks need to check out what Acceleron Bank (in formation) is doing to automate international wire processes and grow non-interest income at your bank; all in a hyper-compliant manner (one of their many strengths).  And tell them Uncle Sean sent you! 😊

 

• And a high-five 🤙 to my friends at OMNICOMMANDER (more great people) as they expand their relationship with their first international client, AffinityPlus Credit Union (headquartered in Bridgetown, Barbados), to launch CHATCOMMANDER to “provide real-time support to website visitors through OMNICOMMANDER’s team of trained live chat agents. Acting as an extension of the credit union’s staff, these agents assist visitors with questions, guide them to the right products and services, and help create a seamless digital member experience.”
  • Check out the Affinity Plus website here - https://affinityplusbb.com/.

 

• The US Treasury selects BNY to manage Trump Accounts with Robinhood to serve as brokerage and initial trustee of the accounts.  Trump Accounts are supposed to be live by July 4th.
  • This IRS publication (IR-2026-42, March 31, 2026) has more info if you need it - 4 million children have been signed up for Trump Accounts with 1 million claiming the $1,000 pilot program contribution | Internal Revenue Service.

 

• 👉 Check out Encore Bank (FDIC 34562; total assets $3.6B) as they announced the launch of Encore Embedded Finance for commercial clients, powered by Koxa.
  • Dubbed ERP Banking, it allows commercial clients to access banking services directly from their enterprise resource planning (ERP) and accounting systems, including Sage Intacct, Workday, Microsoft Dynamics Business Central and NetSuite, with additional platform integrations coming soon.  Outstanding!!! 🎉

 

• 👀 Another FI goes to an “all-digital” strategy…  This week, Intercredit Bank (FDIC 25258; total assets $1.6B) in Florida announced it will close its branches and transition to a 100% digital banking model under its Pibank direct digital bank brand.
  • Recall just a couple of weeks ago where VersaBank (Nasdaq: VBNK) has agreed to sell its only retail bank branch to Stearns Bank National Association to focus on their “…highly efficient branchless, partner-based, digital banking model..”

 

• 💥 Nymbus announced the launch of the Nymbus MCP Server purpose-made for core banking; enabling banks and credit unions a standardized, controlled way to connect AI assistants directly to front-office workflows.  The Nymbus MCP Server is available as part of the Nymbus Banking Platform.

 

• Giving a virtual fist-bump 👊 to Portrait Bank for receiving conditional de novo approvals from both the FDIC and the State of Florida Office of Financial Regulation!!!

 

• State Employees’ Credit Union (charter 66310; total assets $58B) selects Engage fi as its strategic partner for a multi-year engagement spanning technology, operations, and enterprise transformation. 👏

 

• InvestiFi hits a couple of wins this week (and is also part of the Velera announcement below):
  • Heritage Valley Federal Credit Union (charter 303; total assets $130M) selects InvestiFi's digital investing tools and educational resources for its members.
  • Freedom Bank of Virginia (FDIC 57184; total assets $1B) selects InvestiFi to enable to bank’s clients to invest from their checking accounts and access robust financial education resources, all within their pre-existing banking environment.

 

• Tyfone also has a pair of announcements:
  • O Bee Credit Union (charter 60059; total assets $652M) selects Tyfone’s nFinia® Digital Banking Platform for both retail and commercial members.
  • Metro Credit Union (charter 66364; total assets $3.3B)  Tyfone's nFinia® Digital Banking Platform citing “nFinia’s flexibility, faster payments capabilities, open banking architecture and scalable security as the decisive factors in its decision.”

 

• My First Nest Egg get’s in on the 2fer action (Uncle Sean is a HUGE fan of early financial literacy programs ❤️):
  • Reliant Credit Union (charter 20258; total assets $742M) launches family financial education partnership with My First Nest Egg to help children build strong money habits early.
  • North Alabama Educators Credit Union (charter 60500; total assets $140M) partners with My First Nest Egg to provide free, age-appropriate tools that make building healthy financial skills simple—at home, in classrooms, and throughout North Alabama.

 

• And Velera (payments CUSO) also has a couple of PR’s:
  • River Valley Credit Union (charter 97109; total assets $492M) selects Velera for debit and credit card processing.
  • Velera enhanced its Fintech Engagement Program introducing an inaugural cohort of six fintech partners offering exclusive benefits, such as discounted pricing or waived fees, to Velera credit unions.  The new group includes Coverbase (AI-native third-party risk & procurement platform), InvestiFi (integrated digital investing platform), Larky (proactive account holder engagement), Spiral (personalized savings and giving that grow deposits), Swaystack (gamified onboarding and engagement), and Union Credit (embedded lending marketplace).

 

• Speaking of Velera…  equipifi announced a partnership with Velera to enable Velera’s credit union clients to launch their own in-house debit BNPL products through equipifi and provide purchase financing capabilities directly within their checking accounts, debit card programs, and digital banking apps. 🚀

 

• Cash App (owned by Block) adds BNPL for P2P transfers for a 7.5% fee for when you really need to pay your buddy back, but you just don’t have the coin! 😊

 

• Luana Savings Bank (FDIC 253; total assets $2.2B) selects nCino to enhance its lending capabilities by deploying nCino’s Commercial Lending and Agriculture Lending solutions.

 

• Monzo exits the US (again) citing a strategic decision to focus on its core markets as it looks to deepen capabilities and accelerate growth across the UK and Europe.

 

• Mercury leans into payroll with their acquisition of Central, an AI-native payroll and benefits platform designed for startups.

 

• Granite State Credit Union (charter 63272; total assets $743M) selects Lumin Digital for its cloud-native digital banking platform.

 

• Washington Trust Bank (FDIC 1281; total assets $10.7B) selects Deluxe to support its merchant services program.

 

• Quite a few notable personnel moves recently:
  • CSI adds Chris Petersen as SVP Large Financial Institutions per this LinkedIn post.
  • nCino adds Keith Kettell as Chief Revenue Officer.
  • Fiserv appoints Adam Hyde as COO of Merchant Solutions.
  • Nymbus selects Aimee Ford as Chief Revenue Officer.
  • PayPal brings in Luke Flinders as Chief Compliance Officer following their application to form PayPal Bank (Utah ILC).
  • Unit 21 promotes its founding engineer Tyler Allen as CEO.
  • Sardine appoints Mike Lemberger as COO.
  • Airwallex names Carolyn Renzin as Chief Regulatory and Compliance Officer.

 

• Notable FinTech funding:
  • Cross River Bank’s holding company (CRB Group, Inc.) raised $50M common equity capital raise to fuel expansion across AI, crypto, and embedded finance.
  • OpenFX raised $94M in Series A funding round (HUGE for a series A).
  • b1BANK’s holding company (Business First Bancshares, Inc.) raised $85M in capital to retire approximately $67M in existing subordinated notes and provide additional capital support for b1BANK.
  • Pipe (embedded finance platform for small business financing) raised $16M in capital funding.

 
 
Random Uncle Sean stuff:

• If you haven’t already, this is the last weekend to get your taxes filed without an extension…  Okay – that note was really just for me! 😬😊
• Definitely take a few minutes and check out the Artemis II Multimedia: Crew Photos, Videos and Mission Highlights – those pics are amazing!!! 🌎
• Now let’s crank out some Dad / Bad Jokes:
  • What kind of music does the Easter Bunny listen to?  Hip Hop… 🐰😅
  • What do lizards do when they lose their tail?  They go to the retail store… 🦎🤦‍♂️
  • PSA – 2 Reese’s Peanut Butter Eggs has 4 grams of protein…  You’re welcome! 🤠
  • And another diet tip:  Your pants won’t get too tight if you don’t wear any! 😲🤣 
    • Be sure to follow Uncle Sean for more health and fitness tips! 🙃😉

 
 
“The world needs good people - be one of them.”
 
Have a GREAT weekend and please stay safe!
 
Uncle Sean
 
Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at [email protected] | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | [email protected] #FedFisHasTheData FedFis
 
FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC and its affiliates – we all know he’s a little bit different; but that’s why we love him.
 
 

​Happy Friday!!!
 
Just a heads-up that there will not be an Uncle Sean Update next week as we take some family time off to celebrate Good Friday and Easter!  Here is the Uncle Sean Update for 3/27/26 (subscribe here for free):
 

• 🤘 Shout-out to our friends at Stablecore (a BHB Fund company 🎉) for their partnership with Q2 and integration with the Q2 Innovation Studio to enable banks and credit unions to “responsibly explore and integrate digital asset capabilities within their existing digital banking environments.”  🚀
  • Amarillo National Bank (FDIC 14531; total assets $9.6B) and Bank of Utah (FDIC 17159; total assets $3.6B) are among the early institutions engaging with Stablecore through Q2.

 

• And more Q2 news as Unit 21 announced a partnership with Helix by Q2 to support AI-powered AML monitoring and investigations for BaaS and embedded finance programs.  The partnership enables sponsor banks to gain a consolidated view of activity across both internal risk data and that of their fintech partners, while maintaining the flexibility to tailor AML controls based on each program’s risk profile. 💥

 

• First International Bank & Trust (FDIC 10248; total assets $6.2B) announced that Giftly is now live Kotapay's Kavinu platform, FIBT’s bank-direct BaaS platform. The partnership supports Giftly’s payout experience with modern, cloud-based infrastructure, with Kotapay delivering ACH processing.
  • "Kavinu was built for fintechs like Giftly that need to scale without outgrowing their banking foundation," said Trent Sorbe, Chief Payments Officer at First International Bank & Trust. "With its bank-first design, Kavinu supports a range of embedded finance use cases and significant settlement volume as partners grow, while keeping the bank close to the controls." 💪

 

• 👉 Plaid acquires This Week in Fintech (TWIF) media and publishing platform.
  • Keep in mind that TWIF is not “just a publishing platform” as they have a fund (https://www.thefintechfund.com/), and a conference event (https://stablecon.com/).

 

• VersaBank goes all-in on digital…  VersaBank (Nasdaq: VBNK) has agreed to sell its only retail bank branch to Stearns Bank National Association to focus on their “…highly efficient branchless, partner-based, digital banking model..”  Nice! 

 

• 👏 Another De Novo!!!  Congratulations to VALT Bank, National Association for their conditional approval for a national charter by the OCC! 🎉

 

• DCI partners with CPI (Nasdaq: PMTS) to provide Web Push Provisioning (WPP) for card issuers.
  • “With WPP integrated into DCI’s GoBanking, card issuers can securely issue payment credentials to a customer’s digital wallet within the online banking portal and mobile app. This new functionality gives cardholders, including those who prefer online banking, a simple way to provision their digital wallets.” 👍

 

• CSI partners with Careful to enable CSI’s bank and credit union clients “to provide older account holders and their families with tools to help stop scams and fraud before funds leave the financial institution.” 🫶

 

• Jack Henry (Nasdaq: JKHY) announced that Independent Bancshares Inc., the BHC for FM Bank (FDIC 10998; total assets $705M) and Quoin Financial Bank (FDIC 15629; total assets $242M), has selected Jack Henry for core processing and Banno for digital for both banks.
  • It’s a big conversion with many moving parts as the incumbent core processor for both banks has a strategic position for core, online, and mobile.

 

• 👀 Meanwhile…  FIS (NYSE: FIS) appears to have renewed its focus on large banks over $10B…
  • “We’re focused on maximizing our growth, which means the number of products we sell to the biggest banks – we’re not going down market to sub-$10 billion-dollar banks,” FIS CFO James Kehoe said at the Wells Fargo payments and fintech symposium last Wednesday. “Will we still compete in that area, yes. Is it strategic? It’s not as a strategic” focus, he said, acknowledging later that serving mid-sized banks is still part of FIS’s mission too.

 

• iTHINK Financial Credit Union (charter 68663; total assets $2.3B) selects Tyfone’s nFinia® Digital Banking Platform for its 170,000 members.

 

• 💥 Some big news from Branch (EWA platform) as they announce their strategic partnership with Stripe to become the embedded digital wallet provider for worker payouts within Stripe Connect.
  • “Platforms and marketplaces using Stripe Connect can launch Branch's digital wallet to enable fast, low-cost payouts and worker rewards.”

 

• A couple of legislative bills to keep an eye on:
  • Cotton Introduces Bill to Ban Illegal Migrants from American Banking System
  • Lawmakers introduce deposit insurance reform bills | ABA Banking Journal

 

• Notable FinTech funding for the week:
  • Avtal (digital engagement service powering modern collections) raised $24M in capital (seed and Series A combined).
  • Spade (enabling financial institutions and fintech companies to convert transaction data into actionable insights) raised $40m in Series B funding round.
  • Worth (helping FI’s, fintech companies, and payment providers onboard and underwrite SMB’s) raised $30M in Series A round.
  • Notch (an AI operating system for regulated industries - initially focused on global insurers, large brokers, and FI’s) raised $30M in Series A funding to bring production-ready AI agents to highly regulated industries.

 
 
Random Uncle Sean stuff:

• Just a quick and heart-felt message to remind everyone that life can (and sometimes does) change in an instant and without warning.  Hang on to the things that are important:
  • love openly and unconditionally - the downside risks of doing so are short-term, but the long-term rewards are substantial
  • do good work with an appropriate mix of passion and humility – stay curious and embrace productive challenges that help us grow (and let go of the “noise”)
  • smile and laugh often – don’t forget to play and have fun
    • 👉 and above all - help people when you can.  As my brother Davey would say “The world needs good people - be one of them.” 🙏❤️
• And in the spirit of smiling and laughing often – here are a few Dad / Bad jokes to lift your spirit and at least bring a slight smirk to your face 😊:
  • Not many people know this but I actually studied Dad Jokes in college…  I majored in sighchology… 😉
  • I don’t mean to brag too much, but I have acquired over 20 PHD’s… (Projects Half Done)… 🤠
  • I hear the #1 game in Prague is… Czechers… 🙄🙃
  • If you hear me say “it’s leg day” – just know I’m referring to KFC and not the gym! 😅
  • And last but not least….  Dr. Frankenstein walked into the bodybuilding competition and discovered he had seriously misunderstood the objective… 🤣😂

 
 
Have a GREAT weekend and please stay safe!
 
Uncle Sean
 
Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at [email protected] | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | [email protected] #FedFisHasTheData FedFis
 
FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC and its affiliates – we all know he’s a little bit different; but that’s why we love him.
 
 

​Happy Friday!!!
 
Here is the Uncle Sean Update for 3/20/26 (subscribe here for free):
 

• It’s Fed Week!!!  Yep, the word of the day is (once again) “uncertainty.”  As expected by pretty much everyone (except Miran – who was the lone dissenter wanting a 25 bps rate cut), the FOMC voted again to keep interest rates at their current range of 3.5% - 3.75% noting “the implications of developments in the Middle East for the U.S. economy are uncertain.”  Activity in the housing sector remains weak, job gains have remained low (stating that this is a reflection of a decline in the growth of the labor force as well as softening labor demand), and inflation remains somewhat elevated.
  • Here is Chairman Powell’s press conference transcript (25 pages) and press conference video (48:27)
  • And here is the Summary of Economic Projections (dot plot) showing increased GDP estimates (compared to Dec SEP) of 2.4% this year and 2.3% next year, steady unemployment at 4.4% for the remainder of the year, and increased Core PCE inflation at 2.7% this year and 2.2% next year. 
    • PSA - Note that the SEP is not a plan or course of action, but rather a future median assumption based on economic data available today.
  • Certainly worth noting are some key statements by Chairman Powell regarding his future:
    • “…if my successor is not confirmed by the end of my term as chair, I would serve as chair pro tem until he is confirmed.”
    • “I have no intention of leaving the Board until the investigation is well and truly over…”
      • One might say this is Powell’s trump card… (yep – that was my pathetic attempt at political humor 😲😊)
    • “On the question of whether I will then continue to serve as a governor after my term ends, and after the investigation is over, I have not made that decision yet. And I will make that decision based on what I think is best for the institution and for the people we serve.”
  • Yahoo Finance has a really good summary.
  • The next FOMC meeting is scheduled for June 16-17 so there will be plenty of economic data to absorb between now and then.

 

• Western Alliance Bank (NYSE: WAL; FDIC 57512; total assets $93B) partners with Fiserv (Nasdaq: FISV) to deliver Clover-powered commerce and business management technology to the bank’s clients.  “This collaboration marks the largest agent bank partnership in Fiserv’s history by asset size..”  (bold emphasis added by Uncle Sean) 💥

 

• 👀 Money, money, money…  Mastercard goes big on stablecoins and acquires stablecoin infrastructure platform BVNK for $1.8B 💰 creating interoperability between fiat and stablecoins on a global payments network.

 

• Early Warning Services announced that Citi will offer Paze online checkout solution. 
  • This EMARKETER article highlights the fact that “Paze has been available to cardholders of EWS’s seven member banks, which include Bank of America, Chase, and Wells Fargo, since October 2024. The Citi tie-up is Paze’s third bank partnership outside of this core member group after Elan Financial Services and Star One Credit Union.”
    • Note that Elan Financial Services is owned by U.S. Bank National Association.

 

• nCino (Nasdaq: NCNO) announced the launch of nCino Doc VOI (verification of income) powered by Argyle.  The new feature (within the nCino Mortgage Solution platform) is designed to help banks, credit unions and independent mortgage lenders verify borrower income more efficiently.

 

• Klarna does some flexing 💪 this week as they announced the Klarna Card has reached 5 million active customers across 16 countries (in the US, the Klarna Card is issued by WebBank); AND announced they have  surpassed 1 million merchants globally (growth of 47% over the last year).

 

• OnePay announced a partnership with Pinwheel to embed direct deposit switching directly into onboarding for OnePay customers.

 

• Capitol Federal Savings Bank (FDIC 27981; total assets $9.8B) partners with CorServ to launch a commercial credit card program at the bank via CorServ’s turnkey Account Issuer program. 👏

 

• equipifi partnered with CUSG to enable CUSG’s credit union partners to offer equipifi’s BNPL solution to their members directly within their digital banking app (keeping the BNPL relationship within the CU as opposed to the member going to an outside third-party app). 🤙

 

• Prestige Community Credit Union (charter 67507; total assets $118M) selects Tyfone to advance its digital banking experience by implementing Tyfone’s nFinia® Digital Banking platform.

 

• Austin Telco Federal Credit Union (charter 4584; total assets $2.6B) selects MANTL to modernize its retail account opening process across all physical and digital banking channels.

 

• Stash announced an agreement with Stockpile to transition Stockpile kids’ accounts to the Stash platform.
  • Stockpile accounts (Green Dot / GoBank) will automatically transition to Public, Stash, and Apex on April 17 as it winds down operations per their website.

 

• Mobility Capital Finance aka MoCaFi filed for chapter 7 bankruptcy and has begun the liquidation process following “the loss of a major program that had been central to our revenue model.”
  • MoCaFi did not disclose any additional details, but the article goes on to mention “readiness issues at the company caused BNY, with which MoCaFi was partnering on the Treasury Department’s Direct Express program, to lose out on the contract.”

 

• Some Personnel moves:
  • Socure adds Colton Pond as Chief Marketing Officer.
  • Elavon names Wally Mlynarski as CEO.
  • Finastra picks up Chris McClellen as SVP and group head of AI.
  • Nymbus has promoted David Barone to Chief Strategy & Marketing Officer per this LinkedIn post

 

• Notable FinTech funding for the week:
  • Obin AI emerged from stealth and raised $7M in Seed funding to build an agentic workforce for financial institutions.
  • Fuse (AI-native LOS and account opening platform for FI’s) raised $25M in Series A funding round.

 
 
Random Uncle Sean stuff:

• It’s been a crazy seven-day ride!  We had Friday the 13th, the Ides of March (Et tu, Brute?), Saint Patrick’s Day, and the first day of Spring!  Not to mention here in Texas we set record lows early this week for this time of year (my garden and flowers were not amused) and are expected to set record highs this weekend! 🤷‍♂️
• 🏀 March Madness!!!  Here are the schedules for Men's NCAA tournament and Women's NCAA tournament.
• Sadly, we lost Chuck Norris this week as he passed away at the age of 86.  Rest in peace, champ.
• And let’s wrap it up with some Dad / Bad Jokes: 
  • Do astronauts use space heaters??? 🤔😉
  • Whiteboards are remarkable… 😄
  • American children are kind but German children are kinder… 😅
  • (not really a joke, more of a suggestion)…  For daylight savings time change next year, instead of losing an hour of sleep can we agree to jump forward an hour at 4PM on a Monday?  Seems like a much happier option!!! 🤠

 
 
Have a GREAT weekend and please stay safe!
 
Uncle Sean
 
Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at [email protected] | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | [email protected] #FedFisHasTheData FedFis
 
FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC and its affiliates – we all know he’s a little bit different; but that’s why we love him.
 
 

Happy Friday the 13th 🐈‍⬛😬!!!
 
Here is the Uncle Sean Update for 3/13/26 (subscribe here for free):
 
Quite a few macroeconomic updates this week (and you know how I love to completely geek out on econ data 🤓):
 

• First up was the BLS Feb CPI Report that came in exactly as expected at 2.4% YoY and 0.3% for the month with Core CPI at 2.5% YoY and 0.2% for the month. A positive note was Rent increase (included as a component of Shelter) was only 0.1% which was the smallest monthly increase since Jan 2021.

 

• Next up was the BLS Jan PCE Report that came in largely as expected with YoY PCE at 2.8% (Dec was 2.9%) and the Fed’s preferred gauge of inflation - Core PCE at 3.1% (Dec was 3.0%).  Monthly PCE came in at 0.3% (Dec was 0.4%) and Core PCE was 0.4% (Dec was 0.4%).
  • Again, nothing too surprising here as inflation still remains sticky (hello healthcare ☹️) and above the Fed 2% long-range target, but largely flat.  Some good news is personal income increased and the personal savings rate bumped back up to 4.5% (Dec was revised up to 4.0% - originally was a dismal 3.6%).

 

• And finally was the BLS GDP (second estimate) 4Q2025 which was revised down somewhat materially in aggregate from 1.4% to 0.7% (but the specific category revisions were fairly light).  I’m not totally surprised by this considering the Government shutdown (2 months during 4Q) – so let’s break down the specific components of the data revisions (beginning on pg 9 of the GDP link provided):
  • Consumer Spending was revised down slightly to 1.33% from 1.58% (3Q was 2.34%) – thankfully, the consumer is still spending.
  • Business Investment was revised down slightly to 0.57% from 0.66% (3Q was 0.03%)
  • Government Spending was revised down slightly to -1.03% from -0.90% (3Q was +0.39%) with Federal down to -1.16% from -1.15% (3Q was +0.17%) and State was down to +0.13% from +0.25% (3Q was 0.21%)
    • The BEA estimated that the government shutdown from Oct 1 – Nov 12 likely resulted in a subtraction of “about 1.0 percentage point from real GDP growth in the fourth quarter.”
  • Exports were revised down slightly to -0.36% from -0.10% (3Q was +1.00%) and Imports were down to 0.15% from 0.18% (3Q was +0.62%)
    • The third and final estimate of 4Q2025 GDP is scheduled for April 9th; and the first advanced estimate of 1Q2026 GDP is scheduled for April 30th (BLS Release Schedule).

 

• Uncle Sean’s thoughts (not that anyone asked 😊)… 
  • All of this is before the Iran war (Feb 28) and subsequent / significant jump in gas prices, which can eventually have a broader effect on other Core price increases through freight / transit costs and supply chain disruptions if the conflict lingers on and / or expands in scope.  In an attempt to mitigate that inflationary sprawl, the IEA has released a record 400M barrels of oil reserves which included 172M barrels directly from the U.S. Strategic Petroleum Reserve.
  • Meanwhile, the 10-year Treasury Yield is back over 4.25% from 3.96% on Feb 27.
  • Next FOMC meeting to vote on interest rates is next week, March 17-18 and includes the Summary of Economic Projections (SEP - i.e. “dot plot”).  I broke my crystal ball many years ago, but here is what I’m currently thinking:
    • Guessing the Fed will likely take a “wait and see” approach on rates.
    • I am expecting a wide range of SEP forecasts from the FOMC as members may likely have different views (which is healthy and appropriate for a committee) on how long the war in Iran will last and what impact that may have on price stability and maximum employment.
    • Coming into 2026, I was optimistic from an economic standpoint (reasons being: regulatory reform, tax stimulus, AI boom including datacenter infrastructure projects, and a clearer picture surrounding impact of tariffs).  To be precise, I am still optimistic as most of the positive indicators still remain in play, but the slight skepticism (for me anyway) is directly attributed to the uncertainty on how long the conflict in the Middle East continues.
    • It’s complicated…  A new war in the Middle East, sticky inflation data, and a difficult employment picture is probably not what incoming Fed Chair Kevin Warsh had on his bingo card. 🤷‍♂️  Hopefully a clearer macroeconomic picture develops prior to his first FOMC meeting scheduled for June 16-17.

 
 
Back to the rest of the Update:
 

• And another bank charter application! 👏  This week it is Upstart (Nasdaq: UPST) announcing their application to the OCC, FDIC, and Federal Reserve to establish an FDIC-insured national bank, Upstart Bank, N.A.

 

• 👉 Autobooks makes headlines this week by announcing their acquisition of MinuteLender, adding small business lending to the Autobooks platform complimenting their existing payments, accounting, and credit solution.
  • This Autobooks blog post provides a more detailed review of the MinuteLender acquisition describing their new and powerful closed-loop ecosystem for small businesses built for modern banking. 💪

 

• 👀 And another credit union acquisition of a bank.  Landmark Credit Union (charter 66751; total assets $7.5B) to acquire American National Bank - Fox Cities (FDIC 33812; total assets $419M).  This is a fairly stereotypical scenario of a much larger CU acquiring a smaller bank with the goal of market expansion and access to some valuable commercial loans (total loans of $327.6M have a 53.24% concentration of owner occupied commercial RE).
  • This is the 3rd announced (whole-bank transaction) CU acquisition of a bank so far in 2026 (source: FedFis).

 

• Affiniti (fintech platform for SMB’s banking and payments solutions) announced a financing agreement with Column N.A. (FDIC 58224; total assets $850M) for the bank to commit “funding to accelerate the expansion of Affiniti’s card product…” as Affiniti scales its technology platform.  “As Affiniti takes its growth to the next stage, Column will provide committed balance sheet funding to support that growth, allowing the team to focus on product development and partner acquisition.”

 

• Thredd (AI-based issuer processor platform) announced a partnership with Cross River Bank to accelerate the entry of international fintech companies into the United States.
  • The partnership already has its first client to go live under the partnership with B4B Payments - A Banking Circle Group Company, showing how a strong ecosystem approach can streamline compliance and accelerate market entry (in the USA, the B4B Payments Visa® prepaid card is issued by Cross River Bank).

 

• Empower FCU (charter 3025; total assets $4.2B) expands its existing relationship with Alkami by selecting MANTL for its Onboarding and Account Opening Solution.

 

• Vestwell (ESA, ABLE savings, and financial literacy platform) selected to power Pennsylvania's ABLE Disability Savings Program.  PA ABLE (Achieving a Better Life Experience) is “the 21st ABLE program powered by Vestwell’s modern, saver-focused platform…”  Very nice!!! 👍

 

• Lastly, this should be on everyone’s radar but it is worth repeating that Bank regulators are warning of increased cyber risk from Iran war.  Additionally, a coalition of threat information groups warned that state-sponsored groups, hacktivists and criminal groups are likely to target critical infrastructure sites in the U.S. using various tactics, including spear-phishing or stolen credentials.  Stay diligent!!!

 

• Some personnel moves:
  • Intranet Connections bulks up their talent bench by appointing Kal K. Sahota as Chief Growth Officer and David Daniel as Director of Sales.

 

• Notable FinTech funding for the week:
  • Stake (renter network with cash back rewards, credit building, and banking app – Stake Visa debit card is issued by Transpecos Banks) raised $8M in capital consisting of undisclosed debt and equity; and announced the acquisition of Lighthouse and its subsidiary UMoveFree.

 
 
Random Uncle Sean stuff:

• Okay – it’s a beautiful day and I’m already about 3 hours behind schedule…  So let’s wrap this up and jump straight to the good stuff - the Dad / Bad Jokes to brighten up your Friday:
  • The worst time to have a heart attack is during a game of charades… 😲😅
  • A recent study found that people who go fishing catch more fish than those who don’t go fishing…  Sounds legit to me! 🎣😉
  • Collectively, we need to stop any references to ‘acting like an adult.’  Have you seen most adults lately?  That is horrible advice!!! 🤠
  • People found guilty of not using punctuation deserve the longest sentence possible… 🤔😄
  • I asked Aunt Patty if she would love me if I was fat and ugly….  “Yes, I do” wasn’t exactly the response I was looking for!!! 😂🤣😜

 
 
Have a GREAT weekend and please stay safe!
 
Uncle Sean
 
Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at [email protected] | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | [email protected] #FedFisHasTheData FedFis
 
FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC and its affiliates – we all know he’s a little bit different; but that’s why we love him.
 

Happy Friday!!!
 
HEY – don’t forget to set those clocks ⏰ forward this Sunday for daylight savings time 🌞!!!  Here is the Uncle Sean Update for 3/6/26 (subscribe here for free):
 

• Okay – so I have been looking forward to the Feb Jobs report all week to see: 1) can we sustain the 130K jobs added in Jan; 2) Were there significant revisions to prior months (incl Jan)…  And the data is in as of this morning (spoiler alert – it ain’t good 😬):
  • The BLS Feb Jobs Report showed a dismal 92,000 jobs lost (expectation was a gain of 55K) with unemployment ticking up to 4.4% and a downward revisions to BOTH Jan (down by 4K to 126K) AND Dec (down by 65K to a total of -17K jobs lost) - see revision history here.
  • CNBC has a good summary noting a strike at Kaiser Permanente sidelining 30K healthcare jobs in CA and HI (also referenced in the BLS report).
    • Next FOMC meeting is only a few weeks out scheduled for March 17-18 (and includes the SEP / Dot Plot projections) with no shortage of issues to take into account such as labor markets, multiple ongoing geopolitical issues, supply chains, etc. – heck the only thing missing at this point is flying monkeys!!! 🤠

 

• The Federal Reserve published their Beige Book - Feb 2026 showing overall “economic activity increased at a slight to moderate pace in seven of the twelve Federal Reserve Districts, while the number of Districts reporting flat or declining activity increased from four in the prior period to five in the current period.”  Citing “…economic uncertainty, increased price sensitivity, and lower-income consumers pulling back on spending.”

 

• 🤔 The Federal Reserve Bank of Kansas City has approved Kraken for access to Fed master account via Limited Account access  defined as “a limited purpose account for an initial term of one year that includes restrictions and limitations tailored for Kraken Financial’s business model and risk profile that are appropriate to mitigate risks identified in the Guidelines.”
  • Banking Dive has a good summary noting this is a first for a cryptocurrency firm to gain access to the central bank’s payment system.

 

• 👉 Revolut becomes the latest to apply for a national bank charter with the OCC and has named Cetin Duransoy as US CEO.

 

• Beta time!!!  Some details are starting to emerge as Elon Musk’s X Money launches Beta in participation with none other than Mr. William Shatner (unleashing my inner Trekkie, “to boldly go where no man has gone before” 😊) featuring 6% APY on deposits (at least during beta testing), a metal X Money Visa debit card with rewards on eligible purchases, and funds held at Cross River Bank (FDIC 58410; total assets $8.1B).

 

• Love seeing this 🫶 – Linker Finance and Sardine partner together to deliver real-time fraud prevention for community banks.  Linker Finance is now embedding Sardine’s fraud and AML controls directly into its retail and business banking platform, improving early threat detection, reducing manual review workload and strengthening depositor protection. Nice!!! 😊

 

• My friends at OMNICOMMANDER are making headlines again!  This week, Gulf Coast Educators Federal Credit Union (GCEFCU; charter 5648; total assets $1.3B) partnered with OMNICOMMANDER to launch a state-of-the-art website that serves as a fully functional "Digital Branch," offering members a seamless, mobile-first banking experience.

 

• 👀 By the way… OMNICOMMANDER also recently announced the launch of its newly redesigned website highlighting that financial institution digital presence isn’t just a marketing tool – it’s your institutions most powerful and most visited location that OMNICOMMANDER refers to as your “digital branch” destination.  They provide fully customized branding with SEO optimization (converting website traffic into new members / customers), and ADA-accessible. 🤘 Check them out at OMNICOMMANDER.com and tell them Uncle Sean sent you!!! 🚀
  • Did I mention they are veteran owned and operated?  🤙👏💪

 

• Beacon Bank and Trust (FDIC 17798; total assets $23.2B) goes live with the Narmi One platform for digital banking and account opening for both business and consumer.

 

• DolFinTech dives deeper into embedded finance with new banking services designed to empower Hispanic and other underserved communities.  The new DolEx Visa Debit Card and Barri Visa Debit Card are issued by Green Dot Bank (FDIC 22653; total assets $5.2B) and powered by Arc, Green Dot’s embedded finance platform.

 

• Tyfone announced the launch of Loanovia, a new loan servicing and payments business unit.  Flagship products consist of Skip-A-Pay, Quick Pay and Collect – all designed to help credit unions automate payment processes, reduce operational costs and elevate the member experience, while increasing non-interest income.  Check it out at loanovia.in.

 

• Notable FinTech funding for the week:
  • RenoFi (AI-enabled home renovation financing platform based on ‘after renovation value’) raised $22M in Series B funding round.

 
 
Random Uncle Sean stuff:

• 🎉 Happy 100th Birthday to Mr. Alan Greenspan!!!  Here is a wonderful tribute from the Federal Reserve Board in this LinkedIn post:
  • “Today we celebrate the 100th birthday of Alan Greenspan, the 13th chairman of the Federal Reserve, who guided U.S. monetary policy for over 18 years (1987-2006). Appointed by four different presidents, Chairman Greenspan served five terms. During his tenure, Chairman Greenspan navigated the Fed through significant economic events, including the 1987 stock market crash and the aftermath of the 9/11 terrorist attacks. The longest official economic expansion in U.S. history occurred while he was chairman.”  More pics, videos, and biography in the links below:
    • Alan Greenspan | Federal Reserve History
    • Federal Reserve YouTube video showcasing Greenspan pics
    • Current Chairman Powell birthday wishes to Greenspan with a nod to “irrational exuberance” for those of us old enough to remember the dot com bubble.
• And here we go – plenty of Dad / Bad Jokes to wrap up the week:
  • When Ben Franklin discovered electricity, he was shocked! 🫨⚡😅
  • I just found out the neighborhood had a meeting about the crazy guy on the block.  Kind of odd that they didn’t invite me… 🤔🤪
  • What if there were no hypothetical questions…??? 😏
  • What did one Dorito farmer say to the other?  Cool Ranch! 😎
  • And my favorite for the week:
    • My dog accidentally ate a book of pronouns…  There was she / it everywhere… 🤦‍♂️🤣

 
 
Have a GREAT weekend and please stay safe!
 
Uncle Sean
 
Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at [email protected] | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | [email protected] #FedFisHasTheData FedFis
 
FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC and its affiliates – we all know he’s a little bit different; but that’s why we love him.