Mortgage Blog
Why no September slump? The economy, Argent manager says
What mid-term elections mean for markets historically
First Commonwealth promotes retail banker who led Ohio branch buys
First Commonwealth Financial Corp. has appointed Joseph Culos executive vice president.
Culos’ responsibilities have expanded to include management of 135 financial solutions centers in Pennsylvania and Ohio, and of a small business banking team. He has executive oversight of two customer care call centers and the learning, development and branch operations team.
First Commonwealth (NYSE:FCF) is the 11th-largest bank in the 10-county Pittsburgh metro according to deposit market share. It is based…
Fed hikes interest rates again – what could it mean for Birmingham?
The Federal Reserve has made its third rate hike of the year, raising the rate by 25 basis points to a range of 2 to 2.25 percent.
SEC charges former LendingClub CEO Renaud Laplanche with fraud
Laplanche, LendingClub, and former CFO Carrie Dolan have agreed to settle with the SEC regarding the charges. Laplanche now runs Upstart, a fintech company that is rapidly expanding its offices in Phoenix.
Form D Friday: Samantha Brands Group looks to raise $8 million
The firm invests in consumer brands.
Yeti Coolers takes second crack at IPO
An initial public offering is back on the table for Austin-based Yeti Coolers Inc.
Yeti Holdings Inc., the parent company of the high-end cooler and outdoor gear company, filed Friday with the U.S. Securities and Exchange Commission to raise up to $100 million in an IPO, according to Nasdaq. But that number is likely a “placeholder” for an even larger IPO — up to $300 million, according to Nasdaq estimates.
This is not the first time Yeti has sought to go public. In July 2016, Yeti filed…
Davis private equity fund sells New Zealand ag services company in deal valued at $98 million
Davis-based, agriculture-oriented private equity fund AGR Partners LLC has cashed out of an investment in a New Zealand company, with the sale of its core dairy farm services business to a Swiss company in a deal valued at $98 million.
Tru‑Test Group, based in Auckland, New Zealand, has sold its milk meter and farm resources management divisions to Datamars, based in Lamone, Switzerland.
AGR made its original, mostly equity investment in Tru-Test in 2015, buying a minority interest, said Daniel…
CoBiz stockholders OK acquisition, but say no to “golden parachutes”
The acquisition is expected to be completed in the first quarter of 2019.
Longtime BBVA global chairman to retire, successor named
BBVA will soon have a new global chairman.
The board of directors of the banking group, which includes Birmingham's BBVA Compass, has approved the succession plan for its global chairman.
The banking group’s CEO Carlos Torres Vila will succeed current chairman Francisco González when he vacates his position on Dec. 31. The board’s appointments committee and Vila will address the selection of a new CEO during the fourth quarter.
“Carlos’s work over these years is the best guarantee that…
How this startup accelerator is scaling ‘Earthshot’ ideas with $8 million
Electric scooter startup Scoot is rolling out a pilot program in San Francisco’s Bayview Hunters Point neighborhood thanks to $750,000 from Honolulu and Palo Alto-based Elemental Excelerator (EEx). The company hopes to develop mobility services targeting lower income communities.
“What I love about the accelerator is it’s looking for solutions that can scale,” said Scoot president Justin Dawe.
On Tuesday, the global infrastructure innovation accelerator unveiled the 20 startups participating…