Mortgage Blog
Houston bank ends planned merger, names new CEO, president
The new CEO was previously CEO and president of MetroCorp Bancshares Inc., which was acquired by Pasadena, California-based East West Bank in 2013.
Local law firms register strong first half of 2018
Despite trailing the national average in some financial metrics, revenue growth was a healthy 5.7 percent.
Real estate lawyer: Opportunity Zones will be a game-changer
The 2018 Tax Reform Bill contains a new tool called Opportunity Zones. They have the potential to attract investment dollars to completely transform some of the nation's most impoverished areas.
Dallas private equity firm exits Florida food company
Kainos Capital, which has also backed Slim Fast and Ghirardelli Chocolate, jumped into the trend of consumers migrating to healthier food choices with its initial investment in Florida Food Products in 2016. They have now sold the company to a New York private equity firm.
Electronic payments firm expands, hoping that businesses are ready to cut the checks
Bill.com also plans to open offices around the country, but the company said it’s too soon to publicly identify those cities.
Brooklyn judge says SEC rules apply to bitcoin, and ICOs
A federal judge in Brooklyn has declared that SEC rules apply to bitcoin and so-called initial coin offerings.
Judge Raymond Dearie has declined to toss the federal charges against accused fraudster Maksim Zaslavskiy, whose lawyers had tried to argue that current laws around crypto are “unconstitutionally vague,” according to multiple media reports. Dearie said the current laws are just fine.
“Though ‘investment contract’ has not been defined by Congress, the test for whether a “given…
Palo Alto payments firm gears up for hiring spree, hoping that businesses are ready to cut the checks
Bill.com is expanding its Palo Alto headquarters as it plans to boost hiring and add new services such as international payments.
Longtime Vanguard exec to fill newly created chief risk officer role
Vanguard Group has appointed longtime executive Joseph P. Brennan to join the investment management giant’s senior management team in the newly created role of global chief risk officer.
Brennan, 49 — no relation to former Vanguard CEO John Brennan —will assume responsibility for the Malvern-based company’s enterprise risk management organization, in addition to all facets of enterprise security and investment risk management.
“We believe centralizing our risk management functions under…
Consolidation accelerates in government contracting. Who’s next in M&A?
One market analyst wonders if SAIC's $2.5 billion stock deal for Engility Holdings might signal the end of the chase for scale.
Los Angeles bank to buy El Dorado Savings in $466.7 million deal
PacWest Bancorp of Los Angeles has agreed to buy El Dorado Savings Bank in a deal valued at $466.7 million.
The merger will add business lending services to El Dorado’s branches, which in some cases is the only bank in certain mountain communities in the Sierra Nevada.
Placerville-based El Dorado has 35 branches in Sacramento and seven other California counties in the Sierra Nevada and two counties in Northern Nevada. El Dorado still operates as a traditional savings and loan, with some business…