Mortgage Blog
WaMu’s collapse left a charitable void in Washington state
Ten years after the bank failed, other lenders in the Seattle area still aren’t donating at the same level.
How the Dodd-Frank rollback bill could impact Colorado banks
Members of the Colorado banking industry weigh in on the possible effects of the Dodd-Frank rollback in the state.
ICE announces COO to be first woman president of NYSE
Intercontinental Exchange Inc. has announced that NYSE Group Chief Operating Officer Stacey Cunningham will become the 67th president of the New York Stock Exchange.
Cunningham is the first woman to head the exchange in its 226-year history, ICE told the Wall Street Journal.
Cunningham succeeds Thomas Farley, who has served as NYSE president since 2014, according to the May 22 announcement by Atlanta-based Intercontinental Exchange Inc. (NYSE: ICE.)
NYSE Global Head of Listings John Tuttle…
McKinney’s Independent Bank buys Denver bank in $1B deal
McKinney’s Independent Bank has entered into an agreement to acquire Denver-based Guaranty Bancorp in a $1 billion deal that would grow the company’s presence in the state while Congress has moved to loosen oversight for financial institutions of its size.
Independent has been acquiring smaller firms in Texas and in Colorado as the bank has seen business explode with the building and economic growth in its own neighborhood. CEO David Brooks said earlier this year that he was looking for another…
FDIC: Georgia bank profits soared early in 2018
Profits at Georgia-based banks soared in the first quarter of 2018, according to new data released Tuesday by the Federal Deposit Insurance Corp.
An analysis of the new data by the Georgia Bankers Association found that Georgia’s 176 state-based FDIC insured banks earned $1.04 billion in the first quarter of 2018, an increase of 35.9 percent over the same quarter last year. Total deposits, loans and assets all increased compared to the same quarter in 2017.
“During the first quarter Georgia’s…
American Financial’s Lindners: more special dividends could be coming
American Financial Group Inc. shareholders will receive a huge dividend payment this Friday. But that won’t necessarily be the end of the company’s big special payments to investors.
That payment of $1.50 per share won’t preclude the company from paying another special dividend later this year, Carl Lindner III and Craig Lindner, co-CEOs of downtown Cincinnati-based property and casualty insurer American Financial (NYSE: AFG), said at the company’s annual shareholders meeting Tuesday.
“Our…
Atlanta Fed President Raphael Bostic talks interest rates, uncertainty
Federal Reserve Bank of Atlanta President Raphael Bostic sat down with the Jacksonville Business Journal for a wide-ranging conversation about economic issues, business concerns and other topics.
Private equity firm taps two local execs to scout for government tech services acquisitions
Key story highlights:
Welsh, Carson, Anderson & Stowe is partnering with two ex-Omniplex World Services executives to build a government services platform.
“Their operational background and M&A expertise are very well suited to the opportunities that exist in the market today,” said a general partner with the private equity firm.
There's a lot of buzz around government services thanks to confidence in, and clarity around, increased federal spending.
A New York private equity firm is on the…
Florida banks shrink loans, increase profits
These were the most profitable banks in Florida.
ARGI Financial co-founder sells his shares in the company
Ron Butt, senior partner and co-founder of ARGI Financial Group, has sold his shares in the company.
Butt agreed to allow other partners and the company's employee stock ownership plan, or ESOP, to buy him out of the company's ownership group, according to a news release. With this transaction, the ESOP now owns 28 percent of ARGI, a Louisville-based financial advisory firm.
Butt and fellow senior partner Joe Reeves started the ESOP in 2015 as a way to reward employees for the company's growth,…