Celero Acquires Community Bankers Merchant Services

two women meeting and looking at reports

Celero has acquired Community Bankers Merchant Services (CBMS), a provider of electronic transaction processing to community and regional banks across the country.

The addition of the Arkansas-based CBMS will increase Celero’s reach to more than 53,000 merchants nationally and about $21 billion in annual card volume. CBMS, founded in 1989 by Bob Morris, offered payment processing services for small and mid-size businesses.

“For three decades, the CBMS team has supported their bank partners’ growth through industry-leading service and support,” said Celero founder and Chief Executive Officer Kevin Jones. “The talented and experienced CBMS team fits well within our organization, and we are excited to serve community and regional banks together.”

The CBMS acquisition accelerates Celero’s growth and furthers its market-leading position in the financial institution market. 

“Like Celero, we have always focused on providing superior service to our community bank partners and their merchants. We could not be happier to be joining the Celero team,” said CBMS Chief Operating Officer Dean Morris. “Their depth of experience and breadth of products and technology will allow us to provide better solutions to our banks and their customers.”