Mortgage Blog
3 Austinites selected to national list of influential finance executives
John Hollister of Silicon Laboratories Inc., Christopher Williston IV of the Independent Bankers Association of Texas and Ryan Wuerch of Dosh Inc. have been selected to a national list of notable financial executives.
“The Business Journals’ Influencers: Finance” spotlights 100 executives who are having an impact on business being done in communities across the nation.
These 100 executives represent both large, nationally known lenders as well as smaller, community based institutions. The group…
In the money Oct. 15: Seven companies report $93M in deals
And an Austin VC firm closes its first fund, which totaled $20 million.
Denver fintech platform acquired by Birmingham cybersecurity firm
BankerAdvice, a platform that offers financial institutions compliance, technology and cybersecurity solutions, has acquired Denver-based financial analytics company FIMAC Solutions LLC.
Financial terms of the deal were not disclosed.
The FIMAC product suite, according to Birmingham-based BankerAdvice, will complement BankerAdvice’s current compliance, cybersecurity education and fintech solutions currently offered to members of the financial marketplace.
FIMAC Solutions has been in business…
Colorado co-founder of bogus green energy firm convicted in $54M Ponzi scheme
A federal jury in Philadelphia convicted a Colorado man for his role as the deal-closer in a $54 million Ponzi scheme where investors poured their money into a bogus Main Line green energy company started by two local Temple University graduates.
Wayde McKelvy of Centennial, Colo., and co-conspirators Troy Wragg and Amanda Knorr lured more than 300 investors with the promise of huge returns, as high as 484 percent, for securities investments in supposedly profitable business ventures in real estate…
Icahn challenges Dell on planned deal with VMware
Billionaire investor Carl Icahn confirmed that he upped his stake in shares that track Dell Technologies Inc.’s interest in VMware Inc.
Through his company, Icahn Enterprises (NASDAQ: IEP), the octogenarian businessman owns 8.3 percent of VMware (NYSE: VMW).
In a letter, Icahn said he plans to vote against Dell Technologies’ plan to buy the company — known by its ticker, DVMT — and encourage other shareholders to do the same.
Other investors who reportedly oppose the deal include fellow…
Mass. credit union industry group names new CEO
The Cooperative Credit Union Association, the Marlborough-based organization that advocates for credit unions in Massachusetts and three other states, has named a top staffer at the sector's federal regulator as its next CEO.
Sarah Vega is joining the CCUA from the National Credit Union Administration, where she has served as chief of staff and senior policy adviser to NCUA board chairman J. Mark McWatters.
Vega replaces Paul Gentile, who announced in August that he was leaving the CCUA to run…
JPMorgan’s Dimon backs out of Saudi conference amid Khashoggi furor
He's the most prominent financier to cancel in the wake of the disappearance — and suspected murder — of a well-known Saudi journalist.
Sears files Chapter 11 bankruptcy petition
Sears Holdings Corp. early Monday announced it has filed for Chapter 11 bankruptcy relief, and will close an additional 142 stores.
The announcement Monday also includes a reorganization of stores and leadership, and further streamlining of operations.
The voluntary petition for bankruptcy relief was filed in the U.S. Bankruptcy Court for the Southern District of New York.
“The Company expects to move through the restructuring process as expeditiously as possible and is committed to pursuing…
F.N.B. donates $60,000 to aid Hurricane Florence relief efforts
Pittsburgh-based F.N.B. Corp. last week announced a donation of $60,000 to the American Red Cross to aid Hurricane Florence relief efforts in North Carolina and South Carolina.
The contribution includes both a corporate contribution and funds raised through a special employee giving event for affected communities.
“I am extremely proud to witness the spirit and drive of our employees during difficult times and the genuine care they have for each other and their communities,” Vincent Delie Jr.,…
Local banker named to FDIC board
Shettlesworth is one of seven new members — and the only New Mexico representation — on the committee, which adds to its current lineup of 11 community bankers from all over the country.