Celero Commerce acquires Community Bankers Merchant Services

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NASHVILLE, Tenn.–(BUSINESS WIRE)–Celero Commerce (“Celero”), a top ten non-bank payment processor in the United States, today announced the acquisition of Community Bankers Merchant Services (CBMS), a transaction processing provider electronically through community and regional banks nationwide. With the addition of Arkansas-based CBMS, Celero will serve more than 53,000 merchants nationwide, processing approximately $21 billion in annual card volume.

Founded in 1989 by Bob Morris, CBMS has partnered with banks for over thirty years, providing a full suite of payment processing solutions for their small and medium business customers. “For three decades, the CBMS team has supported the growth of its banking partners with industry-leading service and support,” said Celero Founder and CEO Kevin Jones. “The talented and experienced team at CBMS fits well into our organization, and we are excited to serve community and regional banks together.

“Like Celero, we have always been focused on providing superior service to our community banking partners and their merchants. We couldn’t be happier to join the Celero team,” said Dean Morris, COO of CBMS. “Their depth of experience and the breadth of their products and technologies will enable us to provide better solutions to our banks and their customers. »

“We founded Celero to provide a proprietary suite of FinTech solutions (payments, software and data) to our financial institution partners and small and medium business customers,” Jones added. “The addition of CBMS strengthens Celero’s leadership position in the financial institutions market and allows us to accelerate our growth.

733Park, Inc., a payments and FinTech M&A advisory firm, represented Community Bankers Merchant Services (“CBMS”) in its sale to Celero Commerce (“Celero”).

About Celero Commerce

Nashville-based Celero Commerce is a full-service, integrated e-commerce solutions provider powered by cutting-edge technology, strategic partnerships and business intelligence. Celero provides payment processing services, business management software and data insights to small and medium-sized businesses, enabling them to drive growth and profitability.

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