Mortgage Blog

Related Beal has proposed demolishing six of the seven Kenmore Square properties it acquired last year — with the exception of 660 Beacon St., which houses Boston’s famed Citgo sign — and develop two office and retail buildings in their place.

The developer has also proposed redeveloping 660 Beacon St. as part of its Kenmore Square project. Between the renovation and new construction, the development would create a combined 253,735 square feet of office space and 28,765 square feet of retail…

A former Belmont resident was convicted on Tuesday on charges that he defrauded 15 investors of more than $6 million through a Ponzi-style investment scheme that he created.

The 76-year-old John William Cranney, who now lives in Texas, was found guilty of wire fraud, mail fraud and money laundering following a two-week trial in Boston. He is scheduled to be sentenced in August.

From 2001 through 2012, Cranney took money from business associates and people he knew personally, telling them he would…

2017 revenue: $7.5 billion

+14.5%

Revenue at Edward Jones jumped 14 percent as the brokerage set records for asset-based fees, net revenue and net income.

Bonuses and profit sharing were up $141 million, or 21 percent, for the year. “We paid out 48 percent of our operating income through variable compensation,” Managing Partner Jim Weddle said. “More than half of our relationships are now deeply served,” meaning they buy more products and services, such as banking and insurance, in addition…

American Savings Bank will open its Maui headquarters in Kahului on May 18.

The Honolulu-based bank, which is a subsidiary of Hawaiian Electric Industries Inc. (NYSE: HE), will open the 10,000-square-foot branch at the Maui Business Park.

The new facility is a relocation of ASB’s 73 S. Puunene Ave. branch, and will serve as the bank’s flagship location on Maui.

“The new location is going to effectively be our Maui headquarters, our Maui core campus where we’ll have our training facilities,”…

2017 revenue: $825 million

+10%

Thompson Street Capital Partners, a private equity firm and privately held general partnership, increased revenue 10 percent as it shuffled its portfolio companies and made more than 20 acquisitions.

“Our portfolio has continued to perform well, with our companies achieving growth organically and via complementary acquisitions,” Jim Cooper, the firm’s managing partner, said. “We’ll continue to support our current portfolio companies’ growth in 2018,…

2017 revenue: $586 million

+3%

Loan growth in commercial, mortgage and installment segments boosted revenue for Central Bankcompany, which has 13 regional banks and several subsidiaries, such as Central Investment Advisors, Central Trust Co., Central Mortgage Co. and Central Technology Services.

The company now has about $8 billion in total loans and nearly $13 billion in total assets, an increase of 4 percent from 2016.

In early 2017, Central Bancompany purchased Bank Star One, a subsidiary…

A Dayton-area bank has named a new chief operating officer. Mutual Federal — part of First Bank Richmond — promoted Jackie Davis to the post.

Davis has been with the bank for 18 years, most recently serving as senior vice president.

In the new role, Davis is responsible for the bank’s branch network, mortgage loan origination, marketing and all bank operations.

Founded in 1887, First Bank Richmond has more than $700 million in assets. Locally, the bank has $112 million in Dayton-area assets.…

General LED Inc., a San Antonio-based energy-efficient lighting system manufacturer, bought New York-based Acolyte Group this week.

Founded in 2003, General LED sells light-emitting diodes and was acquired by Houston-based private equity company The CapStreet Group LLC for an undisclosed price. General LED has about 25 employees, while Acolyte Group has about 28 employees in its U.S. offices, according to LinkedIn profiles.

Each manufacturer has additional offices overseas. Both have offices in…

Equifax Inc. reported Monday it's given Congress more details of its massive 2017 data breach, saying it has not identified any additional consumers who were affected.

Equifax (NYSE: EFX) said it provided a statement for the record to multiple Congressional committees giving them additional information regarding the approximate number of consumers impacted for each of the data elements that was stolen by the hackers.

“The attackers stole consumer records from a number of database tables with different…

One of Innovate Charlotte's first initiatives after rebranding is to pilot an accelerator program based on team mentorship and created at the Massachusetts Institute of Technology.