Cross River Bank, a community bank that powers some of the most well known financial technology startups in the United States, said that it had acquired small business banking company Seed.

As part of the deal, members of Seed will join Cross River, which plans to open additional offices in San Francisco, California and Portland, Oregon, the bank said.
The Fort Lee, New Jersey-based bank declined to disclose the financial terms of the transaction.

The acquisition will enable Cross River to expand both its technology and its small business banking offering, it said.

"Our vision is to become a one-stop shop for the fintech industry," said Gilles Gade, founder, CEO and chairman of Cross River. "The acquisition of Seed will expand our current offerings and allows us to provide clients with even more options."

Founded in 2008, Cross River is best known for partnering with fintech startups including online lender Affirm Inc, payments company Stripe and cryptocurrency exchange Coinbase.