Mortgage Blog
Private company stock market Equidate raises $50 million to double workforce, go international
San Francisco-based Equidate, which facilitates trading in pre-IPO stock, said Wednesday that it raised $50 million in a second round of financing led by San Francisco fintech investment bank Financial Technology Partners as well as Panorama Point Partners and Operative Capital.
Equidate plans to double its workforce by year-end to about 50 people and expand internationally, with plans to open offices in London and Hong Kong. The company has been working with investors around the globe for some…
Interest rate hikes impact businesses large and small
On June 13, the Federal Reserve raised its benchmark interest rate by 25 basis points
Valor Equity Partners raises $1.05B for its fourth fund
Chicago-based Valor Equity Partners, which has invested in tech companies ranging from Elon Musk’s SpaceX to Chicago A.I. startup Catalytic, announced that it has raised $1.05 billion for its Fund IV.
The fund will target investments ranging from $25 million to $75 million, the firm says. Last year, Valor reported in a Form D filing that it was only looking to raise three quarters of a billion dollars for Fund IV, which is now substantially higher than the firm’s third fund that closed…
Form D Friday: Former exec at T. Boone Pickens’ BP Capital reaches $11M with new firm
An energy-focused investment firm has passed $11.3 million under management, a restaurant group behind a cocktail bar in Deep Ellum is raising funds, and a home flipper has hit $2.5 million with its first fund.
Why did KC-area manufacturer sell its Dallas division? To grow, president says
President Bert Clothier talks about the sale and what it will mean for the Lenexa manufacturer moving forward.
Regions Financial posts $362 million profit for second quarter
Regions Financial Corp. has posted a profit of $362 million for the second quarter of 2018.
The bank’s Q2 earnings was a 21 percent increase compared to the same time a year ago but a decrease from the first quarter of this year, when the bank reported a $398 million profit.
Regions’ net interest income and other financing income totaled $926 million, an increase of about $17 million over the previous quarter and $44 million compared to a year ago.
Non-interest income, which includes things…
Here are Minnesota’s largest startup-funding deals of Q2
A previously little-known educational-technology company and a California transplant landed two of Minnesota’s largest funding deals during the second quarter, according to deal-tracking reports released this month and company executives.
Bank, insurer join forces to serve members of the military
A pair of companies that each have served active and retired members of the military for more than a century are allying to provide a one-stop solution for banking and insurance products.
Kansas City-based Armed Forces Bank and Armed Forces Insurance in Leavenworth formed a new entity. Armed Forces Partnership LLC will allow the companies to offer complementary products and services to each other's customers. The operation is licensed to do business in all 50 states and the District of Columbia.
Armed…
Equity Bank’s Elliott: Expect an aggressive growth strategy in KC
Equity Chairman and CEO Brad Elliott said the metro area will play a key role in the company’s aggressive growth plans.
Seattle-area small business acquisitions are on the rise — and so are asking prices
Bankers say they've noticed heightened levels of mergers and acquisitions as businesses that have recovered from the recession grow more attractive to buyers.