Mortgage Blog

Wells Fargo said Monday that Lisa Stevens, regional banking executive for the western region, will leave later this month after 29 years with the bank.

She was a prominent executive with Wells Fargo in the Bay Area before she moved to Los Angeles with the bank in 2008.

Stevens, who joined the bank in 1989, oversees 24 states in the West and Midwest, with 2,500 branches and 33,000 employees. In March 2017, Stevens took on an expanded role in Wells Fargo’s community bank, which is how the company…

Milwaukee-based Capital Commerce Bancorp has completed its merger with First-Citizens Bank & Trust Co. of Raleigh, N.C.

The businesses announced the move Tuesday and said the change will enhance First Citizens Bank’s operations in Wisconsin, particularly in the Milwaukee area.

Four branch offices of Securant Bank & Trust, a subsidiary of Capital Commerce, will initially operate as a division of First Citizens Bank. Customers’ accounts will convert to First Citizens Bank’s systems…

There have been a lot of trend changes since the ’90s. We’ve switched out beepers for smartphones, mixtapes for streaming services, and for many employers – pensions are out and 401(k)s are in.

According to research from Willis Towers Watson’s “Retirement Offerings in the Fortune 500,” over the past two decades we have seen a shift from employers providing defined benefit plans (pensions) to defined contribution plans (401(k)) – and that this trend may be here to stay.

Now that many…

Selling your company can present a winding maze of important decisions and unforeseen considerations. Often the excitement of a potential deal can overshadow some of the underlying complexities that are essential to consider for the deal to run smoothly and for you to achieve your desired outcome.

Here are four common myths about the deal process that can inhibit a deal’s timing and get sellers stuck in the maze.

1. Myth – Any money is good money.

Reality – You need to find the right investor…

In this podcast, Matthew Wright, a senior manager with Geffen Mesher who focuses on providing services for buyers during mergers and acquisitions, discusses the process. Here are some highlights:

The CPA’s role in M&A: Having a team of professional advisors is important for those entering into M&A transactions on both sides of the equation. A CPA firm can be an integral partner in this process. We assist our clients with things like gaining a better understanding of the target, available capital…

This edition of the Portland Journal Thought Leadership podcast explores forensic accounting and occupational fraud with Tim Porter, senior manager at Geffen Mesher. Here are highlights:

On the different types of fraud: “Asset misappropriation, corruption and financial statement fraud. Asset misappropriation is the most common, making up about 90 percent of the fraud cases. These are stealing cash or taking fictitious reimbursements. Financial statement fraud is much less common but it’s schemes…

JPMorgan Chase's Phyllis Campbell, KeyBank's Carol Nelson and BECU's Benson Porter 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 in communities across the nation.

These 100 executives represent large, nationally known lenders as well as smaller, community based institutions. The group also includes entrepreneurial investors and the financials stewards who work on…

It's a travesty that regulators gave WaMu's gold mine to Jamie Dimon and JPMorgan Chase for less cost than the value of the bank's real estate, writes PSBJ Columnist Bob Wallace.

Kumo Capital is just the latest in a series of new attempts at raising a fund.

It may surprise people who think they know Manus, or her beautiful homes in Atherton and San Francisco, that she credits a time when she was homeless on the streets of the Bowery in New York as a key to her worldview.