Case Study: PeoplesBank achieves a rapid digital launch of ZYNLO and expands digital reach with Nymbus

PeoplesBank Leverages Nymbus to Launch Digital-Only ZYNLO Bank

PeoplesBank, a competitive Massachusetts institution with more than $3 billion in assets, launched ZYNLO, a digital‑only bank backed by PeoplesBank with deposits 100% insured by the FDIC and DIF, to expand its digital reach and capture new customers and revenue. To execute quickly and avoid disrupting its legacy operations, PeoplesBank partnered with Nymbus and leveraged Nymbus’ Launch solution.

Nymbus built and launched ZYNLO in under 90 days without a core conversion or hiring new staff, providing the technical, operational and marketing resources plus 24/7/365 support to run the new bank. The Nymbus-powered offering includes features like Zyng round‑up savings and Early PayDay, enabling PeoplesBank to go live rapidly, operate ZYNLO in parallel with its established institution, and drive new digital growth opportunities with minimal operational overhead.

PeoplesBank

Brian Canina

Chief Financial Officer