Mortgage Blog

The local bank leader said Beneficial had expected to be a buyer, but the Trump Administration's tax cuts changed the landscape of available sellers. Then the opportunity to join WSFS came along.

Tom Frost, one of San Antonio's most powerful business and community leaders, died Friday at the age of 90.

Frost was chairman emeritus of San Antonio-based Cullen/Frost Bankers Inc., parent company of Frost Bank, where his leadership spanned more than three decades.

In addition to having its name atop one of downtown Austin's most iconic towers, Frost Bank had more than $30.2 billion in Austin-area assets as of June 30, 2017, and more than $3 billion in deposits.

Tom Frost was instrumental…

City National Bank doubled its Nashville office space last year. But now the Los Angeles-based bank is figuring out what to do next, since it has outgrown its Music Row home.

What will your business look like in one year, five or 10 years? In this two-part series, we'll explore what you must consider during the planning stages of any business enterprise.

Who will fund the business?

Capitalization is an important consideration when starting any business enterprise. Any entity can take on debt; however, the entity structure matters when taking on equity. A sole proprietorship, which is only funded by its owner, is the simplest capital structure. Conversely, a C corporation…

McMahon was in town as part of her Ignite Tour, during which she plans to visit each of the 68 SBA offices across the country to draw attention to the agency.

People can get more for their money in two metro Birmingham counties.

That’s according to a recent study by financial technology company SmartAsset that compared median income and cost of living data to find the counties where people hold the most purchasing power.

Shelby County landed at the top of the 10-county list. The study compared the county’s median income of $72,310 to its cost of living of $44,829 to determine its purchasing power score of 76.07.

St. Clair was fourth on the list…

While choosing a business entity seems simple, the Tax Cuts and Jobs Act, combined with today’s changing business landscape, complicates the decision. As discussed in my previous article, there are certain questions you must be able to answer as a business owner planning any new venture. Here are several more for review.

How do I get profits out of the business?

A business has a choice of either reinvesting its profits back into the business or distributing them to the owners. If there is intent…

While household debt in the U.S. recently passed its pre-Great Recession peak, a report by the Federal Reserve Bank of St. Louis — in which Memphis is included — finds that current debt levels aren’t cause for alarm.

An increase in household debt in the U.S. can be a sign that a debt crisis is coming in the future. In the early to mid-2000s, easy access to home mortgages exacerbated the economic conditions that led to the recession.

The St. Louis Fed examined debt levels in Memphis, Little…

A 42-year banking veteran of Kansas City retired as executive vice president and director of commercial banking at Citizens Bank & Trust.

The event featured presentations by government heavyweights as well as a slew of industry insiders from the FDIC, Federal Reserve Bank, private insurance companies and banks.