Mortgage Blog

Popular breakfast and brunch spot Snooze an A.M Eatery will open its next location in downtown Phoenix.

The Denver-based eatery’s sixth Phoenix restaurant will open in a 4,000-square-foot space at the Stewart, a new mixed-use development at 800 N. Central Ave. in downtown Phoenix.

Snooze is expected to open during second-quarter 2019. Financial details of the deal were not disclosed.

The Stewart is a 19-story luxury high-rise apartment community with 6,300 square feet of restaurant and retail…

PNC Bank has closed on a $200 million senior secured credit facility for Armada Partners LP, Pittsburgh’s third-largest private company.

PNC (NYSE:PNC) served as administrative agent and PNC Capital Markets LLC served as joint lead arranger and bookrunner.

Armada, which posted 2017 revenue of $2.95 billion, employs 245 locally. It was established by the Hofmann family in the 1890s as a meat packing company and eventually broadened its business into supply chain operations and logistics management.…

Port Washington State Bank plans to open a new location in Mequon in the first quarter of next year.

The bank plans to take over the former Associated Bank branch at 10509 N. Port Washington Road, according to an announcement. Port Washington State Bank recently added an office in Thiensville to extend its footprint in Ozaukee County. The next new space is another way to serve existing customers and grow its reach, the news release says.

The location was one of the bank branches affected by…

Days after FCB Financial Holdings shareholders rejected a proposed compensation package for its executives, it's unclear whether the executives will attempt to renegotiate a new package.

Shareholders approved a merger on Nov. 29 between FCB Financial (NYSE: FCB) and Georgia-based Synovus Financial Corp., but they shot down an accompanying executive compensation proposal, the U.S. Securities and Exchange Commission reported. More than 26 million shareholders voted against the compensation proposal,…

Honolulu-based Territorial Bancorp Inc., the holding company of Territorial Savings Bank, declared a special cash dividend of 20 cents per share payable on Dec. 20 to shareholders of record as of Dec. 10.

The bank last issued a special dividend of 10 cents per share in July.

“The company has continued to do well in 2018 and to thank our shareholders for their ongoing confidence in us, we have declared this special dividend,” Allan Kitagawa, chairman and chief executive officer of Territorial…

The Revolution Hotel, a renovated 164-room hotel that formerly operated as the 40 Berkeley Hostel, opens Wednesday in Boston’s South End. The Mount Vernon Co. acquired the property in 2014 fo $17.3 million.

The largest bank in Buffalo has opened an office in Brooklyn that will cater to business banking clients.

At an expected $75 per share, Wellington Management Co. is poised to earn the most when GlaxoSmithkline's acquisition deal for Tesaro closes.

A former Boston hospital executive has resigned as president of St. Joseph's Children's and Women's hospitals in Tampa after just a year and half.

Kate Reed resigned last week, a spokeswoman for BayCare Health System, the hospitals' parent company, confirmed Monday. Reed previously had served as senior vice president and chief strategy officer for Beth Israel Deaconess Medical Center in Boston.

The spokeswoman said a search is under way to replace both Reed and Matt Novak, former president…

Some national banks and online lenders screen businesses using a FICO score for the company, but the regional bank has sought to individualize the underwriting process.