Mortgage Blog

As Hurricane Florence inched closer to the Carolinas, Raleigh's biggest banks have closed branches in the Triangle.

Both Bank of America and Wells Fargo confirmed Thursday that they were shuttering branches in the area through the storm, though mobile banking was still available.

“The safety of team members and customers is Wells Fargo’s highest priority,” reads a statement put out by Wells Fargo.

Both banks said to check their websites for updates on when branches would reopen.

The news…

Jon Ness took on his position in February and announced the move to the “sweet spot for the payments industry” six months later.

On the heels of its purchase of Charlotte-based NewDominion Bank, Park National Bank expects to spend $141.8 million to acquire a South Carolina bank, marking its third new market in the past year.

Newark-based Park National Corp. announced Thursday it has signed an agreement to acquire CAB Financial Corp. of Spartanburg, South Carolina, bringing its Carolina Alliance Bank in as a community bank subsidiary.

Park National expects to acquire CAB in a stock and cash transaction, including $28.4 million…

Three-fourths of Americans say they've changed their financial habits since the financial crisis hit a decade ago.

A new NerdWallet survey found that 46 percent acknowledge they're more cautious about their spending. And 36 percent of those surveyed say they try to avoid incurring debt as much as possible. A quarter of Americans say they've limited the number of credit cards that they have.

But 10 years after the Lehman Brother' bankruptcy that spurred Congressional action to bail out banks, three…

The number of private equity firms in the state has doubled since 2013.

Fairfax-based FVCBankcorp Inc. has priced its initial public offering at $20 per share as it begins trading Friday on the Nasdaq Capital Market.

The bank expects to gross $35 million through its IPO, which, after deducting expenses and an underwriting discount, will net about $31.9 million.

The shares will trade under the symbol FVCB. The Nasdaq Capital Market, formerly the Nasdaq SmallCap Market, focuses on early-stage companies with lower market cap that are not ready to take on the listing requirements…

Goldman Sachs’ next chief executive officer is building his team.

David Solomon, who is set to take the reins at Goldman Sachs Group when current CEO Lloyd Blankfein retires, has a new finance chief and top deputy.

According to The Wall Street Journal, the New York-based bank (NYSE: GS) is expected to name John Waldron as president and Stephen Scherr as its new finance chief.

Scherr's promotion bumps Goldman exec Martin Chavez back to the trading division, which he will lead with two other…

The Maitland-based preferred mortgage partner for Taylor Morrison production home builder works hard at being a people-first organization.

Best Buy Co. Inc. is joining Melinda Gates and 10 major companies in an effort to double the number of women of color who graduate with computing degrees by 2025, the Richfield, Minn.-based company said Wednesday.

In 2017, women held 26 percent of jobs in the computing workforce. Black women held just 3 percent of computing jobs and Latinas 1 percent, according to the National Center for Women & Information Technology.

A McKinsey study released Wednesday is even more stark: It found the share…

Hawaii’s largest banks closed branches on Maui, Molokai and Lanai on Wednesday, ahead of Tropical Storm Olivia’s approach to the Island chain.

The storm made landfall on Maui and Lanai on Wednesday morning, bringing heavy rain and 45-mph winds.

The branches impacted include all seven of First Hawaiian Bank’s Maui branches and its branch on Lanai; Bank of Hawaii’s 10 Maui branches and its Lanai and Molokai branches; American Savings Bank’s five Maui locations and its Molokai branch; and Central Pacific Bank’s…