Mortgage Blog

The Connecticut-based institution has also added a specialty in restaurant franchises that is based out of the city.

Eclipse Bank Inc. has hired Tom Bannon as its senior vice president and commercial banking leader.

Bannon comes to Eclipse after 13 years at Commonwealth Bank & Trust Co., where he held a similar position, according to a news release. Prior to that, he worked for Bank of Louisville, which later became BB&T. Bannon, a Louisville native, received a bachelor's degree from the University of Kentucky and a master's degree from the University of Louisville.

Bannon started at Eclipse on Aug. 8. He joins…

Information was obtained from the National Credit Union Administration website: www.ncua.gov.

Information was obtained from the National Credit Union Administration website: www.ncua.gov.

Niagara County is shedding both full-service bank branches and drive-up banking facilities.

Eaton Vance Corp.’s NextShares funds, a first-of-their-kind hybrid of actively and passively managed products, have generated minimal pickup from financial advisers so far, throwing the funds’ future into doubt, CEO Thomas Faust said this week.

In the lead-up to NextShares’ 2016 debut, Boston-based Eaton Vance (NYSE: EV) hailed the funds as a potential game-changer for the investment industry. Like active funds, NextShares products are managed by an investment professional, but like passive…

The paperwork is in and the investor group behind Raleigh's newest startup bank is targeting an initial capital raise of $75 million.

RoundPoint Mortgage Servicing Corp. broke ground on a three-story, 150,000-square-foot building Thursday at the site of the former Charlotte Knights stadium in Fort Mill.

RoundPoint's building will be the first in the 350-acre Southbridge development, a live-work-play, mixed-use project by Charlotte-based Lincoln Harris. Lincoln Harris, which is working with property owner The Cato Corp. (NYSE:CATO) on the project, envisions Southbridge to eventually grow into 4.5 million square feet of office space,…

BBVA Compass has appointed a new head of consumer segments and deposits based in Birmingham.

David Bolocan has been named executive director of consumer segments and deposits, where he has overall responsibility for setting the strategic direction of consumer deposit products and the retail and mass market segments, including overseeing customer growth, balance growth and pricing and product design.

Bolocan, who earned a bachelor’s degree in computer science and economics from Harvard University…

Studio Bank aims to cater to Nashville’s creative community — a nod to CEO Aaron Dorn’s former employer, the beloved Avenue Bank that sold to its Nashville rival Pinnacle Bank in 2016. It’s a bold move for the 37-year-old Dorn, who has spent the past two years courting high-profile investors, recruiting experienced bankers and convincing regulators to back his vision for a new lender in Music City.