Mortgage Blog
From a house in Uptown, this Dallas firm eyes the small future of retail
Brett Landes was closing on a real estate deal he was brokering for Roger Staubach’s firm in the early 1990s. He and a colleague were discussing how they would split the $30,000 commission when the legendary Dallas Cowboys quarterback decided they would each get $10,000 and the rest would go to charity.
Meanwhile, the broker on the other side of the deal was getting about $500,000 by structuring the deal in a unique way and flipping the property.
“What you two need to do,” Staubach told them,…
Northwestern Mutual LGBT employees exhibit courage via ‘pride’ website
Northwestern Mutual president Greg Oberland is an ally supporting LGBT employees from the Milwaukee-based company showing their pride in the rainbow flag via an online page that spread from an internal company audience to social media with a very positive response.
Colorized photos of 94 NM employees from Milwaukee and other locations appear on the web page entitled “Tapestry of Courage.” The employees are members of the company’s 200-strong LGBTA (Lesbian, Gay, Bisexual and Transgender Allies)…
Phoenix’s biggest banks not among the most reputable
The Valley's three largest banks rank the lowest when it comes to the most reputable, according to a new report from Reputation Institute and American Banker, an industry publication.
The report, which ranked banks by customer survey, found JPMorgan Chase & Co., the largest bank in the region by deposits, ranked No. 35.
It wasn't much better for Wells Fargo & Co., which ranked second in deposits but No. 40 in the survey. Bank of America, which is third in deposits, ranked No. 39.
Not all the Valley's…
Merrill: Refinancing has Prairiefire ‘ready to take the next step’
Developer Fred Merrill discusses the refinancing of a $33 million loan and how it allows him to focus on the next phase of development, which is expected to cost about $147 million.
Ameris Bancorp completes $406M acquisition of Hamilton State Bank
Ameris Bancorp has completed its $406 million acquisition of Hamilton State Bancshares Inc.
Ameris Bancorp is the parent company of Moultrie, Ga.-based Ameris Bank, which has over $8 billion in assets. Hamilton State Bancshares Inc. is the parent company of Hamilton State Bank, based in Hoschton, Ga., which has $1.8 billion in assets.
Until the transition and conversion of Hamilton State Bank operating systems, accounts, services and signage to Ameris Bank is completed at a later date, Hamilton…
Banking Roundup: Citi refunds $335M… Banks plan buybacks after stress test
The nation’s largest banks — such as JPMorgan Chase & Co. (NYSE: JPM), Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), Citigroup Inc. (NYSE: C), GoldmanSachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) — have operations around the country. Here are other recent stories reported by The Business Journals.
In June, Citigroup Inc. agreed to pay $100 million to settle charges that it rigged interest rates. Now, the bank's credit card department is shelling out even…
AllianceBernstein lures away UBS exec for its first Nashville hire
AllianceBernstein has snagged its first local hire, recruiting an executive from fellow Wall Street powerhouse UBS.
The investment firm, which will relocate its headquarters to Nashville in the coming years, has hired Meg Harris to help guide the company in its transition, according to Harris' LinkedIn page. Harris is the former global HR business partner for Swiss giant UBS and played a key role in helping UBS launch its 1,000-employee downtown operations center, which the company announced in…
‘Times Square of St. Matthews’ gets an interesting addition (PHOTOS)
Independence Bank is taking shape in St. Matthews.
Earlier today, crews installed a clock tower cupola atop the building, which is under construction near the intersection of Shelbyville and Westport Roads, as you can see in the photos.
In case you haven't noticed, the building is designed to replicate Independence Hall in Philadelphia. And the clock tower was put on just in time for Independence Day. (Yes, they planned that.) The structure weighs 16,225 pounds. It was fabricated by Campbellsville…
See how Denver ranks for millennial credit card debt
Millennials are in the hot seat once again, this time for their staggering credit card debt.
Americans between the ages of 18 and 34 owe more than $56 billion in total credit card debt, about $1,808 on average, according to a recent Credit Karma Analysis.
Denver is among the top 25 cities in the United States where millennials have the most credit card debt, with an average of $2,795 and $2,462 respectively. Irvine, California, made the top of the list, with an average of $3,327. Denver ranked…
Banks — Area Based
Banks on this list have headquarters in Sacramento, El Dorado, Placer or Yolo counties. In May 2018 Visalia-based Suncrest Bank purchased CBBC Bancorp, the holding company for Community Business Bank, whidh ranked No. 5 last year.