Mortgage Blog

Credit Union of America will expand its Salina operations.

The organization announced Tuesday its purchase of a location that eventually will be converted to a full-service branch.

Exchange Bank sold its building at 582 S. Ohio in Salina, a precursor to a move to a new location for that organization.

Glenda Burkett, a CUA spokeswoman, says Exchange will lease back the space until the organization’s new branch is ready.

CUA, she says, anticipates being able to move into the new Salina…

A constitutional amendment centered on casino gambling was already scheduled for the Nov. 6 ballot in Florida when a U.S. Supreme Court ruling on sports gambling changed the landscape.

On May 14, the Supreme Court ruled in favor of New Jersey and struck down the 1992 Professional and Amateur Sports Protection Act, which prohibited all states besides Nevada from allowing sports wagering. That raised the possibility of individual states allowing sports gambling.

Some state leaders believe that sports…

The sentencing on Tuesday marked the downfall of the once-prominent St. Louis banker.

The role of the chief financial officer has greater pressures on it than ever before — and it probably is not going to get any easier.

But rising to the challenge is worth it, according to Rex Schuette, retired executive vice president and CFO of United Community Banks Inc., the winner of the Lifetime Achievement Award at the 2018 CFO of the Year Awards. The awards were presented Thursday morning by Atlanta Business Chronicle in partnership with the Association for Corporate Growth Atlanta.

“Our…

Greater Washington lost two slots on the ever-evolving Fortune 500 this year.

The region has 15 companies on the list, down from 17 a year ago. Arlington-based CalAtlantic Group, No. 415 last year, was removed after being acquired by Miami-based Lennar. And Host Hotels and Resorts of Bethesda, which came in last year at No. 472, fell just outside of the top 500, ranking No. 502. The list is based on 2017 revenue.

Be prepared for even more movement next year: Discovery will likely have moved its…

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…

WellCare Health Plans Inc. has a definitive agreement to buy Meridian, headquartered in Detroit and one of the largest privately held, for-profit managed care organizations in the United States, for $2.5 billion in cash.

The deal calls for WellCare (NYSE: WCG), a Tampa-based managed care provider focused on government-sponsored health plans, to acquire Meridian Health Plan of Michigan Inc., Meridian Health Plan of Illinois Inc., and MeridianRx, a pharmacy benefit manager, a press release said.

The…

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…

Treasury yields plunged by the most since Brexit on Tuesday as Italy’s political crisis spurred investors to seek out the safety of US government debt and ratchet down the odds of Federal Reserve rate hikes.