Fiserv’s World Payment and Financial Services Provider, Inc. (NYSE: Fi) announced today that it has signed a definitive agreement on the acquisition of stonecastle cash management.
Stonecastle allows the network of repository institutions, especially in Community banks and credit associations, to have easy access to stable, cost -effective reserves funding from thousands of businesses and business customers holding cash balances.
This acquisition allows Fiserv to become a source of billions of dollars of institutional deposits, including Enterprise’s Fiserv customers. This helps financial institutions to boost their balance sheets by incorporating insured deposits along with the processing of their basic account, digital banking, payments and cash management capabilities throughout the Fiserv ecosystem.
“The acquisition of Stonecastle is an important step forward in our strategy to help financial institutions optimize their balance sheets, which will allow them to make more in the communities they serve,” said Andrew Gelb, head of financial solutions at Fiserv.
In addition, Stonecastle will allow comprehensive access to other possible funding solutions for financial institutions. Fiserv plans to take advantage of the Stonecastle platform to help financial institutions maintain funds associated with the Fiusd Stablecoin version.
“We believe that this further determines Fiserv in the basic banking sector, allowing institutions to support cash supporting the Fius Stablecoins, while unlocking the new value and acceleration of innovation throughout the economic ecosystem,” adds Takis Georgakoulos.
Founded in 2009, the insured Stonecastle deposit platform helps to optimize individual, commercial and government depositors, while providing stable funding to over 1,000 Insured FDIC repository institutions. Stonecastle has a top US deposit network, coupled with an institutional quality distribution platform to direct cash balances to insured institutions. Stonecastle has an existing relationship with over 300 FisERV basic banks as part of the largest deposit network and uses Finxact to support Ledger services for the emerging digital assets.
“For more than twenty years, Stonecastle has worked to connect institutional cash with Community and regional banks in ways that promote security, liquidity and wider access to funding,” said Joshua Siegel, founder and chief executive of StoneCastle Partners, LLC. (“SCP”). “Integration into FisERV will accelerate our ability to innovate, extend our approach to financial institutions and depositors and offer even more value through a consolidated, modern platform.
The transaction is expected to close in the first quarter of 2026, without prejudice to regulatory approvals and other common closure conditions. The financial terms of the transaction have not been revealed.
Keefe, Bruyette & Woods, a company Stifel, has served as the sole financial advisor of Stonecastle Partners in relation to the transaction.