Mortgage Blog

UCLA has signed a sponsorship deal with Wescom Credit Union that makes Wescom as the official banking partner of UCLA Campus Life, the UCLA Alumni Association, UCLA Athletics and the Rose Bowl Stadium.

Pasadena, California-based Wescom will pay UCLA, the Rose Bowl Stadium and IMG $38 million in partnership fees over the course of the 10-year agreement, which expands an existing relationship between the UCLA and Wescom.

“Wescom has served Southern California communities for nearly 85 years, and…

San Francisco-based venture firm Mithril Capital Management, founded by Peter Thiel and Ajay Royan, is moving its headquarters to Austin next year, when its Presidio office lease ends.

The departure, reported today in the Austin Business Journal, is turning heads given the reasons cited: Austin’s food truck scene, lower costs and greater diversity of thought.

That could be especially attractive to supporters of President Trump, including Thiel.

The Bay Area's escalating costs, Royan told TechCrunch,…

A lot has changed in recent years about how GTE Financial designs and operates its brick‐and mortar locations.

The size of the average branch has been cut in half — from 3,000 to 4,000 square feet to around 2,000 square feet — as has the number of people required to staff it — from eight to 10 employees to four. Teller lines have been automated and ATMs outfitted with video screens, says Scott DeThomas, senior vice president and chief experience officer with GTE.

But one thing hasn’t…

Yonamine has served on the board of directors of the Honolulu-based bank and holding company since June 2017.

Charlotte-based companies Bank of America Corp. (NYSE: BAC) and Albemarle Corp. (NYSE: ALB) are committing $20 million over the next five years to support economic mobility in the Queen City.

Each company has pledged to donate $10 million to 17 nonprofits, which focus on early education, college and career readiness and a stable family life. Recipients range from Read Charlotte and Heart Math Tutoring, to the Charlotte-Mecklenburg Schools and Safe Alliance.

“Everything is directed toward economic…

Gregory Ahrens helps clients prepare for successful exits

The bank's holding company is looking for an acquisition.

U.S. Bancorp. is selling its third-party ATM and debit card business to Fiserv Inc. for $690 million, according to a release.

Specifically, U.S. Bank is unloading its business line, Elan Financial Services, that provides and issues debit cards and ATM machines for other banks. U.S. Bank will continue to provide and issue its own debit cards and ATM machines for its customers. The deal is expected to close in the fourth quarter of this year.

“We believe this sale is the right thing to do for…

An SEC filing shows that money is being raised for the purchase.

Fifth Third Bank remains a leader in the region's local deposit market, according to new data released by the FDIC.