Mortgage Blog
Largo asphalt firm plans expansion after recapitalization
Turtle Southeast Inc. plans to use new equity funding from Canopy Capital to expand its services and enhance its geographic footprint.
Canopy Capital, a private equity firm in Tampa founded by veteran dealmaker Scott Long, provided an undisclosed sum of growth financing to Turtle, an asphalt milling company in Largo. Assurance Mezzanine Fund, a private investment firm in Orlando, provided additional financing, according to a press release from CEA Group, the Tampa investment bank that was the matchmaker…
NY attorney general investigates impact of Sprint/T-Mobile merger
The potential impact of the proposed Sprint Corp. and T-Mobile US Inc. merger is now being investigated by the New York attorney general's office, The Wall Street Journal reports.
According to WSJ sources, the state attorney general's office began contacting companies that sell prepaid phone services to learn more about pricing and customers. Dozens of other state attorneys general also are participating in the probe, WSJ reports.
Overland Park-based Sprint and T-Mobile serve a combined 30…
Public records show NC officials’ response to Equifax breach
The state of North Carolina has entered into a consent order with credit ratings agency Equifax, one that requires the company to take specific action to protect confidential consumer information in the wake of last year’s security breach.
Travel brand Away zips up $50 million in venture capital
Luggage startup Away just clinched a $50 million Series C round, making it one of the largest rounds raised by women founders in 2018.
The startup, which was founded by two Warby Parker alums in 2016 with an initial investment of $2.5 million, has since gone on to raise a total of $81 million. Among its backers are Forerunner Ventures, Global Founders Capital, and Comcast Ventures
Proceeds from the funding round are expected to propel Away into new markets and expand its physical retail footprint.…
Baltimore Development Corp. names M&T Bank exec to head board
Greater Baltimore-Chesapeake M&T Bank President August “Augie” Chiasera has been named the new chairman of the board at the Baltimore Development Corp.
Chiasera had been vice chair of the quasi-public city development agency's board of directors.
He will replace Arnold Williams, who announced Thursday he was stepping down this month after 16 years as the chairman. Williams, who will remain on the board, first joined the BDC's board in 1995.
“The landscape of Baltimore has changed dramatically…
What one NM banking leader sees as key to state’s growth
John Gulas was named president of the New Mexico Bankers Association in June.
Fintech firm moves headquarters to Decatur from New York City
HiddenLevers announced Thursday it has shifted its headquarters from New York City to Decatur, in another sign that Atlanta's fintech scene is gaining traction.
HiddenLevers is a small financial risk technologies provider that has surpassed $200 billion for assets on its platform. Founded in late 2009 in former Mayor Michael Bloomberg's technology incubator in New York, HiddenLevers has grown to nearly 2,000 users, spread across 400-plus firms.
HiddenLevers officially moved its headquarters…
Securant Bank & Trust to be acquired by Guaranty parent First Citizens
The Milwaukee holding company of Securant Bank & Trust will be acquired by Raleigh, N.C.-based First Citizens Bank & Trust Co. in a deal that's expected to close no later than the fourth quarter of 2018.
First Citizens — which took over the assets of the failed Glendale-based Guaranty Bank in 2017 and North Milwaukee State Bank in 2016 after both were shut down by federal regulators — has signed a definitive merger agreement with Capital Commerce Bancorp, the two companies announced late Wednesday.…
Prodigo raises $3.5M, expanding in Cranberry
Company hiring 16 by year-end, increases space.
New York fintech company moves HQ to Georgia
HiddenLevers announced Thursday it has shifted its headquarters from New York City to Decatur, in another sign that Atlanta's fintech scene is gaining traction.
HiddenLevers is a small financial risk technologies provider that has surpassed $200 billion for assets on its platform. Founded in late 2009 in former Mayor Michael Bloomberg's technology incubator in New York, HiddenLevers has grown to nearly 2,000 users, spread across 400-plus firms.
HiddenLevers officially moved its headquarters…