Simple Finance: Portland online banking service Simple shutting down

Simple, the Portland-based online banking company with a presence in Seattle, is shutting down due to the sale of banking giant BBVA, The Oregonian reported on Thursday. Founded in New York in 2009 and moved to Portland in 2011, the company was one of Portland's most prominent tech startups. Simple opened a Seattle office in 2017 in the Pioneer Square neighborhood, employing people working in engineering, product, marketing, and other roles. Simple was acquired for $117 million in 2014 by Spain's BBVA, which announced in November that it was selling its U.S. business to PNC Financial Services Group for $11.6... Read More