Mortgage Blog
First Bank adds to bench strength with four executive hires
Five years of changes continue at First Bank.
The world’s largest audiobook company is in Landover. It just got a new owner.
Just 15 months after rolling up several audiobook and digital media companies to create RBmedia, Shamrock Capital Advisors has agreed to sell the Landover company to KKR & Co. Inc.
Terms were not disclosed. New York-based KKR (NYSE: KKR) and Los Angeles-based Shamrock are expected to close the deal this fall.
Richard Sarnoff, chairman of media, entertainment and education for KKR, told The Wall Street Journal that the company loves the audiobook sector and thinks its growth will continue.
“Audiobooks…
Cornelius bank plots growth in Raleigh, makes veteran banker hire
A Cornelius-based bank has hired a 30-year community banking veteran to penetrate the competitive Raleigh market.
CFO of the Year honoree: Matt Lane, Yolo Federal Credit Union
Matt Lane received the opportunity of a lifetime when he interviewed for an accounting manager position at Yolo Federal Credit Union in 2009.
Wells Fargo says retirement was major factor in shrinking number of financial advisers
The bank experienced a net loss of 173 advisoes, or 1.2 percent of its total, in the second quarter. About a third were because of retirement.
CFO of the Year honoree: Mitchell A. Derenzo, American River Bank
He has had a 26-year career at American River Bank and played a pivotal role in leading the company through the Great Recession.
Dermonds return to aerospace industry with $50M fund
Milwaukee investors Eric and Max Dermond aim to raise $50 million in a private equity fund that will buy aerospace and defense companies, starting with Glendale-based S3 International.
Pepperdine names Walmart, Morgan Stanley execs to board of regents
Pepperdine University has named Walmart Inc. Chief Financial Officer Brett Biggs and Morgan Stanley executive Seth Haye to its board of regents.
Before being named Walmart (NYSE: WMT) CFO, Biggs was CFO for Walmart International, Walmart U.S., and Sam’s Club. He has also served as senior vice president of international strategy and mergers and acquisitions, of corporate finance and of operations for Sam’s Club.
Prior to joining Walmart in 2000, Biggs held various mergers and acquisitions and…
CFO of the Year awards: Meet our first batch of honorees
Over the next few days, we're introducing you to this year's CFO of the Year honorees. We'll celebrate those local professionals at a luncheon on Thursday.
Today, meet the honorees in the “small company” category. One is learning to play electric guitar, another dreams of being a rock star, and the third is an avid Australian football fan.
Read their profiles with the links below, and stay tuned for more profiles soon.
Ed Becmer, Becmer & Associates
Mitchell A. Derenzo, American River Bank/American…
CFO of the Year honoree: Ed Becmer, Becmer & Associates
Ed Becmer has been in the outsourced CFO business since 2006, first for a couple of bigger outfits and since early 2013 for his own company, Orangevale-based Becmer & Associates.