Mortgage Blog
Rivermark names company vet as new CEO
He succeeds Scott Burgess, who retired on July 1.
State Farm to lay off 136 in Earth City
State Farm will lay off 136 employees at its Earth City facility by Aug. 31, the company said in a letter to the state of Missouri.
Tysons cybersecurity company Verodin locks in $20M raise
If your company is heavily invested in cybersecurity software, how do you know you’re getting the right bang for your buck?
Enter McLean-based Verodin, which just raised $20.7 million in funding from 14 investors. The round was disclosed in an SEC filing Thursday.
The company analyzes clients’ existing cybersecurity infrastructure for vulnerabilities and efficiency – essentially auditing its defense systems.
Verodin runs a variety of test attacks on a company’s servers and tracks them…
Time split to the nanosecond is precisely what Wall Street wants
Computer scientists at Stanford University and Google have created technology that can track time down to 100-billionths of a second. It could be just what Wall Street is looking for.
East Bay bank expands services after new CEO takes helm
This bank has debuted a new professional services division.
Exclusive: Mortgage company to hire 200 in Tempe
The company's center in Tempe controls operations for the western United States.
First Hawaiian’s Hawaii Kai branch to get $1.5 million upgrade
The state’s largest financial institution said the renovations include raising the branch’s ceiling height and installing “service pods” and a video teller machine.
FDIC, state banking commissioner end BB&T consent order
Winston-Salem-based BB&T Corp (NYSE: BBT) says the Federal Deposit Insurance Corporation and the N.C. Office of the Commissioner of Banks have ended their joint consent order over deficiencies in its anti-money-laundering compliance program.
Neither the FDIC nor the banking commission identified any money-laundering, according to BB&T. The bank says it didn't receive a fine.
BB&T announced the consent order in December 2016, saying in a securities filing that it had already taken “significant…
Trust administration trends: Special needs trusts
One of the trends we observe at Prairie Financial Group is the growing use of special needs trusts to help individuals with disabilities. We believe there are several main reasons for this trend:
Growing number of people who have been determined to be disabled. The U.S. population is currently around 320 million people. About 40 million people – or about one in every eight people – are considered disabled.
Public support programs. While there are a number of public support programs, the two…
Is an employee stock ownership plan right for your company?
A large number of privately-held U.S. companies are owned by members of the baby boomer generation, and with these owners approaching retirement age, many are considering an employee stock ownership plan (ESOP) as a way to easily liquidate their ownership for “fair market value,” while also possibly capitalizing on certain tax benefits (such as the ability to defer the taxable gain on the sale).
An employee stock ownership plan, or ESOP, is a qualified retirement plan, similar to a 401(k),…