Mortgage Blog

The upstream production subsidiary of Houston-based Tellurian Inc. (Nasdaq: TELL) reached an agreement with lenders securing funds for natural gas production.

The company will take on $60 million in debt to develop oil and gas assets, according to a Sept. 28 filing with the U.S. Securities and Exchange Commission. The loans will mature in 2021, according to the filing.

The terms of the deal limit the upstream subsidiary’s ability to take on additional debt, enter a merger, sell assets or a number…

Former Burt’s Bees and Seventh Generation CEO John Replogle sees cannabidiols as a burgeoning, untapped market, and his $2 million investment into a new Raleigh-based digital media company is just the beginning.

These Birmingham credit unions posted the largest asset volume as of Q2 of 2018, according to the latest data from the National Credit Union Administration.

The merger creates the 11th-largest accounting firm in the U.S.

It’s an exciting time for your company. You’ve built a strong business, with loyal, satisfied customers, a great reputation and a solid team. Now comes opportunity for growth – by acquiring or merging with another business that both complements and brings new ideas to your own.

Companies make a lot of important decisions during the acquisition process, and one of the first is choosing the institution to finance the transaction. Some buyers look for the lender that will get them the most money,…

One of the Dayton region's largest banks, LCNB Corp., has named a new president of the bank and the holding company as a potential future successor to the CEO.

The boards of LCNB (Nasdaq: LCNB) and LCNB National Bank promoted Eric Meilstrup to president Oct. 1, taking over one of the titles from CEO and president Steve Foster. Foster will continue as CEO of the bank and the holding company.

Meilstrup has been an executive vice president and member of LCNB National Bank’s executive team for the…

Euronet Worldwide Inc. saw its stock jump as high as 14.8 percent on Monday, after Visa announced that it would start allowing instant currency conversion on international ATM transactions in Europe beginning in April.

The move allows people to convert currency from the payment card’s country of issue at an ATM. Businesses like Leawood-based Euronet (Nasdaq: EEFT) that operate ATMs can charge fees for the service, often at a hefty rate, to compensate for fluctuations in the exchange rate. The…

Brookfield-based JB Investment Management merged with RMB Capital of Chicago.

JB Investment Management is a fixed income-focused asset management firm. As of the end of June, according to a news release, it managed an estimated $550 million in assets. The firm is now a division of RMB Asset Management. Terms of the transaction were not disclosed.

The JB team will continue to manage its portfolios from its Brookfield office, the release says. The firm manages core fixed income strategies for…

CEOs at rural banks in the U.S. have gotten much younger since the recession, according to St. Louis Fed research, and two rural Illinois bankers have theories as to why.

A Mississippi credit union has expanded into Alabama, and a partnership with Regions is helping pave the way.

Regions Bank has agreed to donate one of its branches in Montgomery to allow Hope Credit Union to grow in the state.

HOPE, a community development financial institution, opened its first Alabama branch in September and has partnered with Regions Bank to open a second branch early next year.

The credit union’s new branch opened at 400 Arba St. in Montgomery following a merger between…