Mortgage Blog
Some of Charlotte’s biggest companies are raking it in — here’s what’s driving the profit boom
Corporate America's bottom line is booming on the back of a resurgent economy and the prospect that the good times are just getting started.
As of May 23, some 3,193 publicly traded U.S. companies had closed the books on 2018's first fiscal quarter, reporting combined net income of $358.3 billion during the three-month span. The total marked a 26% year-over-year surge over the group's tally over the same quarter in 2017 and a whopping 63% increase over what was reported in 2016's corresponding period,…
Sara A Neel: From executive assistant to CEO in six years
Sara Ann Neel
CEO
One Advocate Group
Sara Neel is CEO of One Advocate Group, a financial planning firm founded by Thomas Oliphant in 1990 and expanded in 2005 to also help family and closely held businesses with succession planning. She was hired in 2012 as an executive assistant to the founder, and was promoted to a management role within a year. In six years, she worked her way to the top spot by learning the business from the ground up.
Prior to her being hired, Neel managed logistics for…
David Faust named CEO of Platinum Bank
David Faust will become the new CEO of Platinum Bank in June as Tom Jacobson, the bank's current CEO, will transition to the board of directors.
Platinum Bank has planned and prepared for this leadership succession for the past three years, according to a press release. Jacobson has been CEO since 2013, according to his LinkedIn profile, and been with the bank since 2008.
Faust, who was previously president and will add CEO to his title, said nothing dramatic will change anytime soon, but under…
America’s biggest companies are raking it in. How Baltimore-area companies fare.
Corporate America's bottom line is booming on the back of a resurgent economy and the prospect that the good times are just getting started.
As of May 23, some 3,193 publicly traded U.S. companies had closed the books on 2018's first fiscal quarter, reporting combined net income of $358.3 billion during the three-month span. The total marked a 26 percent year-over-year surge over the group's tally over the same quarter in 2017 and a whopping 63 percent increase over what was reported in 2016's corresponding…
Where credit scores are rising
Lending Tree has ranked the U.S. cities that boast rising credit scores.
The company measured how much My Lending Tree users increased their credit scores in the first quarter of 2017 and the first quarter of 2018 to determine the top metros for rising credit scores among the 50 largest in the United States..
No. 1 was Jacksonville, Fla., where 53.8 percent of users increased their credit scores.
The others are, in order: Indianapolis, Denver, Tampa, Fla., Portland, Detroit, Seattle, Pittsburgh,…
Tompkins Bank of Castile considered dozens of sites in search for local branch
Tompkins Bank of Castile looked for permanent space in Erie County for more than a year before choosing to establish a financial center in a former medical office in Amherst.
JPMorgan Chase plans ‘Everyday Express’ conversions for three Seattle branches
Banks also are increasingly relying on automated banking services to cater to tech-savvy millennials, while still seeking to have a presence in popular neighborhoods.
Software startup Pingboard finds $5M to expand; Don’t call this a series A round
Pingboard founder and CEO Bill Boebel raises the amount his company needs — not what VCs might prefer. There's a big difference, he said. With $5 million in fresh funding, the startup's headcount is set to double now that it's in “rapid-hire mode.”
Dunbar Armored selling to rival for $520 million
The Brink's Co. is acquiring its competitor, Dunbar Armored Inc., a family owned business in Baltimore County for 95 years, in a $520 million all-cash deal.
The deal combines two of the U.S. cash management industry's largest players, No. 2 Brink's and No. 4 Dunbar.
Dunbar is one of Greater Baltimore's largest private companies with 5,400 employees, 78 branches throughout the and more than 1,600 of its famous red armored trucks in its fleet.
The transaction is expected to close by the end of…
Legislation to create cannabis banking alternative clears state Senate
A bill that would allow financial institutions to offer limited banking services to the state’s legal cannabis businesses cleared the state Senate Wednesday.
Senate Bill 930, introduced by Sen. Bob Hertzberg, (D-Van Nuys), passed the Senate on a 29-6 vote, according to Hertzberg’s office.
The bill seeks to allow the $10 billion legal cannabis industry to use financial instruments so that it does not have to do all its business in cash. The industry is currently locked out of the banking industry,…