Mortgage Blog
Banner Bank to acquire Skagit Bank in $191 million deal
The deal would make Banner the third-largest bank in Washington state.
SunTrust board member Phail Wynn Jr. dies
Phail Wynn Jr., a long-time educator and member of SunTrust Bank's board of directors, died on Tuesday.
Wynn, who was 70, died unexpectedly of natural causes at his Durham home, according to Duke University’s website. He served as president of Durham Tech in North Carolina for 30 years and also as Duke University's first vice president for Durham and Regional Affairs.
Wynn had served as Director of SunTrust Banks Inc. (NYSE: STI) since 2004. SunTrust Chairman and CEO Bill Rogers said Wynn was…
Regions’ new Birmingham leader on his plans for the role, the Magic City bank scene and more
Regions' new Birmingham market executive plans to build on the foundation others have laid before him.
Tupelo-based Renasant Bank names new Birmingham market president
Tupelo-based Renasant Bank has a new Birmingham market president.
Daniel Sims, who joined the bank in 2009, has been promoted to the position. He previously served as senior vice president and private banking manager for the bank.
Sims earned his bachelor’s degree in business administration from Birmingham-Southern College and is a graduate of the Louisiana State University Graduate School of Banking.
Sims is involved in the Birmingham area with Junior Achievement, Alabama Baseball Coaches Association…
Tax reform allows Wichita bank to award bonuses to employees
Employees will receive up to $1,000 each.
Port SA CEO talks future development aspirations
Newly appointed Port San Antonio CEO Jim Perschbach already has some grand plans for future development.
KC firms re-up on investment in Austin tech startup
Two area venture capital firms are seeing the value in an Austin-based tech startup and have reinvested in ScaleFactor Inc.
Overland Park-based Flyover Capital and Kansas City-based Firebrand Ventures joined a $10 million Series A round led by Canaan Partners for ScaleFactor, which developed software that automates accounting, tax and finance tasks for small to midsize businesses.
The local firms also participated in ScaleFactor's $2.5 million seed round in 2017. Firebrand Managing Director John…
Legg Mason Inc.’s profit falls short of Wall Street estimates in first quarter
Legg Mason Inc.'s profit fell short of Wall Street estimates in the first quarter because revenue dropped 6 percent and the company took a one-time charge related to a settlement with the U.S. Department of Justice.
The Baltimore-based money manager reported a profit of $66.1 million, or 75 cents per share, in the quarter ending June 30. That's up 30 percent from $50.9 million, or 52 cents per share, in the prior-year quarter.
Analysts polled by the Thomson Financial Network projected earnings…
The impact of tariffs on Oregon’s economy and what you can do about it
Linda Williams says a trusted banker or loan officer can be helpful when mitigating the unintended consequences of retaliatory tariffs
Central Pacific Bank reports $14.2M profit in Q2 2018
Central Pacific Financial Corp., the Honolulu-based parent of Central Pacific Bank, reported net income of $14.2 million, or 48 cents per diluted share, for the quarter ending June 30, compared to net income of $12 million, or 39 cents per diluted share, for the second quarter of 2017.
“Our continued focus is on building our customer relationship and growing loans,” Catherine Ngo, president and CEO of Central Pacific Financial (NYSE: CPF), told Pacific Business News. “Our second quarter results…