Mortgage Blog
BancorpSouth hires former Bham bank exec as Auburn community bank president
A Mississippi-based bank has named a former Birmingham bank executive as its new community bank president in Auburn.
Larry J. Uptain, who formerly served as vice president of Wells Fargo in Birmingham, has joined the Auburn operation of BancorpSouth Bank (NYSE: BXS), a bank headquartered in Tupelo, Mississippi, with approximately $17 billion in assets.
In his new role, Uptain will oversee the bank’s efforts to foster deeper ties to customers and the community in the growing market.
“We are…
Judge makes decision on land entity involving indicted Raleigh finance manager
In his ruling, the judge acknowledges the “unique circumstances of the case.”
Mason Wells sells Appleton’s Pacon in $340M deal
Milwaukee private equity company Mason Wells said Thursday it has sold its portfolio company Pacon Corp., an Appleton-based paper converter, in a transaction valued at $340 million.
The Mason Wells Buyout Fund III portfolio company closed June 7 on the sale of Pacon to Fabbrica Italiana Lapis ed Affini SpA. The Italian company, known as F.I.L.A. Group, is an international supplier of art materials and related products. Its brands include Daler-Rowney, Candon, Ticonderoga and Vinci.
Pacon is a provider…
Here’s why property insurance premiums could be going up in Florida and in Central Florida
Three major hurricanes caused about $80 billion in insured losses nationwide for property and casualty insurers in 2017, but in Florida, legal maneuvers are as much a factor as weather in driving up pricing on homeowners’ insurance policies, a new report says.
“Pricing on homeowners property risks in Florida continue to increase, but not as a direct result of catastrophe loss activity,” according to the report from Fitch Ratings. “Accusations of fraud and abuse of assignment of benefits…
Commerce State Bank, JP Cullen among Milwaukee’s Fastest Growing Firms winners
Commerce State Bank, general contractor JP Cullen and Milwaukee-area retailer Faye's are among the southeastern Wisconsin businesses that are being honored as 2018 Fastest Growing Firms by the Milwaukee Business Journal.
Buffett: Health-care venture with Amazon and JPMorgan to name CEO soon
A chief executive for the health-care venture being set up by Berkshire Hathaway Inc., Amazon.com Inc. and JPMorgan Chase & Co. is likely to be named within the next two weeks.
That's according to billionaire investor Warren Buffett, who spoke with CNBC on Thursday (see video below).
Berkshire CEO Buffett, JPMorgan (NYSE: JPM) chief Jamie Dimon and Amazon's Jeff Bezos are expected to pick the CEO from a candidate pool that includes people with both public and private company experience.
Ever…
Local bank chief resigns
CEO Deborah Cole had been with Citizens Bank for 39 years.
Credit Suisse names new RTP site lead
Credit Suisse is promoting from within to replace longtime Research Triangle Park site lead Jim Captain.
It’s tapped 17-year Credit Suisse veteran Sophia Wajnert to lead the operation under a new title: senior franchise officer.
The news was disclosed via internal memo early Thursday.
As SFO, Wajnert “will be responsible for driving the strategic priorities for the location and strengthening Credit Suisse brand in the region, as well as ensuring the smooth transition of relocated roles and…
Insurers pay premium for cybersecurity experts
Advising clients and pricing risk is a boom industry, with huge salaries available.
40 Under 40 consultant tasked with doubling KPMG’s commodities practice
“Winning in business is great, but helping others in their hour of greatest need was one of the distinct pleasures of my life and by far one of my greatest accomplishments.”