Mortgage Blog

Fifth Third Bancorp employees at the bank’s headquarters in downtown Cincinnati followed crisis protocols after a gunman opened fire on Thursday, which may have limited casualties.

A finance manager at the Fifth Third Center was killed, and a vice president was wounded. However, it’s possible other casualties were avoided because bank employees had been trained on how to react to such a situation. Fifth Third (Nasdaq: FITB) has about 3,000 employees at its downtown headquarters.

“The employees…

A San Francisco startup has preliminary regulatory approval to launch a national all-mobile bank.

Menlo Park-based fintech Robinhood is prepping to go public, Techcrunch reports.

“It's something we think is very much in the future,” CEO Baiju Bhatt said at TechCrunch Disrupt onstage. “Being a public company closely aligns with our mission — not in the immediate term, but it's something we're thinking about.”

Founded in 2013, the mobile app stock-trading platform is valued at $5.6 billion, after a $363 million series D funding round in May. Led by Russian investor Yuri Milner's DST Group,…

Trowbridge is back at his former employer in a business development role after two years at Sunflower Bank.

A Louisville woman, Whitney Austin, was injured in Thursday's shooting at a Fifth Third Bank building in downtown Cincinnati.

Business First news partner WHAS-TV reports that Louisville Collegiate School said in a letter that Austin is the parent of a student in its lower school.

The Courier-Journal reports that Austin was in stable condition after receiving 12 gunshot wounds.

According to the letter from the school, Austin’s husband “is by her side at the hospital, and her children are being…

A five-year-old Charlotte company with Durham roots has raised a whopping $10 million, with $20 million left to go in the round.

The Tax Cuts and Jobs Act (The Act), has brought with it many changes that impact South Florida business owners. One of the most significant changes created by the Act is the new Section 199A qualified business income (QBI) deduction.

Qualified business income includes domestic income from a trade or business and most real estate rental activities. Employee wages, capital gain, interest dividend income, and guaranteed payments to partners are excluded.

“The idea behind creating the QBI deduction…

The funding is a minority investment led by TPG, a San Francisco private equity firm with $84 billion under management, with additional participation by existing investors Accel, Goldman Sachs Group and Hummer Winblad.

South Florida has always been a region with abundant opportunities for real estate investment. One of the perhaps lesser known provisions of the Tax Cuts and Jobs Act of 2017, which could be very beneficial to real estate investors and high net worth individuals, was the establishment of Qualified Opportunity Zones. Under the new law, investment in such zones could provide significant tax deferral opportunities.

The IRS defines a Qualified Opportunity Zone as “an economically-distressed community…

Both Colorado banks are being acquired by out-of-state institutions.