Mortgage Blog
Wells Fargo’s national woes aren’t slowing it down in Tampa Bay
Business performance is strong, Wells Fargo's top commercial banker in Tampa says.
Ocean Bank hires investment team away from global private bank
The five-person team will help the bank expand its wealth management division.
Metro Birmingham credit union relocates McCalla branch
A longtime metro Birmingham credit union has relocated its McCalla branch.
Two Chicago fintech startups land partnerships with BMO Harris Bank
Two Chicago fintech startups, Genivity and SpringFour, have secured big partnerships with BMO Harris Bank.
Both of the startups, which were finalists in the bank’s first annual fintech competition at tech incubator 1871, will be able to offer their services to a specific subset of BMO’s customers, the companies announced Tuesday.
Genivity, founded in 2016, is an artificial intelligence software platform that assists financial advisors in helping their clients plan health and elder care cost…
Tesla shares halted after Musk tweets that he’s considering taking company private
The Nasdaq has halted trading of Tesla's stock after a string of tweets by CEO Elon Musk suggested he's considering taking the company private, an unexpected announcement that bewildered even close Tesla watchers on Tuesday.
Shares of the Palo Alto-based electric carmaker had spiked more than 7 percent by Tuesday afternoon after Musk, who is known for his erratic public outbursts on Twitter, sent a cryptic tweet that said he's mulling taking the company private at $420 per share.
“Am considering…
Trez Capital Texas chief: Dallas area developers scrambling under tariff hikes
“In some cases, builders have had to put a limitation on how many sales they’ll allow, because they don’t want to get so far ahead with sold houses when they know their costs are going to go up after they’ve set the price. They don’t want to box themselves in,” said Trez Capital Texas Founding Partner John Hutchinson. “The labor is an issue and so is the material because of the tariffs.”
BMO Harris Bank names new head of commercial banking for Arizona
Former Wells Fargo executive has been tapped to head BMO's commercial banking in Arizona.
As Barings deal closes, NC investment firm loses name, ticker
The second of a pair of transactions announced in April has closed – a move that changes Triangle Capital Corp.’s name, along with the ticker symbol it’s had since becoming a public company in 2007.
The Raleigh investment firm is now known as Barings BDC, trading on the New York Stock Exchange under the BBDC ticker.
And it’s now an externally managed investment company under the purview of Charlotte-based Barings LLC, a global asset manager with more than $306 million in assets under…
Exec: United Community Banks is ‘six months to a year’ ahead in Triangle numbers
Nine months after entering the Triangle through its acquisition of Johnston County’s Four Oaks Fincorp, Georgia’s United Community Banks is “six months to a year” ahead of its own projections for the market.
That’s according to Jim Rose, regional president for the bank in Raleigh, speaking both of Four Oaks’ legacy markets and of Raleigh, “which is really a new market for us.”
While he declined to give specifics, he says the entire region is annualizing to double-digit loan growth.
“We…
Fintech startup Holberg Financial raised $1M to offer financial wellness benefits
Holberg Financial, a Chicago startup that aims to provide financial advising as a work benefit, has raised $1 million in venture capital funding to help it expand.
The seed round, which closed this week, was led by West Loop Ventures, but also included Howard Tullman’s G2T3V Fund and an investment from Maggie Johnson, the vice president of education and university programs at Google, according to Holberg founder and CEO Joe Holberg.
Holberg Financial, founded in 2015, makes an online work benefit…