Mortgage Blog

A fast-growing Bay Area fintech bets that accounts payable will move to the cloud, just as accounting and customer-relationship management functions have done.

After an extensive renovation, an office building on a busy Sacramento corridor will be three-fourths occupied by a bank looking to raise its profile.

Millennials are reshaping the workforce, so is it any surprise their priorities are also redefining employee benefit programs?

Unlike employees in years past, highly-motivated, highly-educated millennials are looking for more than just a 401(k) contribution, medical and dental insurance, and paid-time off.

They’re actually looking for employee benefits that help them with challenges previous generations never encountered, like the crushing burden of student debt. And, they want their employers…

Mike Burch, senior director of business development at CoBiz Insurance, tells us about directors and officers (D&O) insurance and how it relates to executives and the companies they are trusted with leading.

Mike Burch (MB): Directors and officers can be personally named in lawsuits against their company for merely fulfilling their duties at the company. D&O helps to protect them, as well as their organization, against financial loss brought on by a claim against them due to a perceived or real…

Houston-based Allegiance Bancshares Inc. (Nasdaq: ABTX) — the holding company of Allegiance Bank, the largest community bank in the Bayou City — will acquire another major local bank.

Allegiance announced April 30 that it will acquire Houston-based Post Oak Bancshares Inc., the holding company of Post Oak Bank NA, in an all-stock transaction. The deal is expected to close during the fourth quarter of 2018, according to the April 30 press release.

Allegiance will issue 0.7017 shares of its…

Orlando is among the top 25 spots on a list measuring Hispanic entrepreneurship rates.

Half a dozen cities — Tampa, Miami and Fort Lauderdale; Charleston, West Virginia; Burlington, Vermont; and South Burlington, Vermont — have the highest number of Hispanic-owned firms, adjusted for the Hispanic population, according to WalletHub.

Orlando’s entrepreneurship rate is 1.04% percent, WalletHub said.

Hispanic entrepreneurship rates was one of several measures in the survey by WalletHub, an online…

Bank of America CEO Brian Moynihan says he is scared that technology might cause people to become less curious, and he thinks there is still a need for brick-and-mortar bank branches.

Mike Cagney has raised $50 million for his latest fintech venture, Figure, focused on home-equity lending.

The investment round was led by Ribbit Capital and DCM Ventures, Bloomberg News reported Monday, citing people who requested anonymity.

The news service also reported that San Francisco-based Figure already has a workforce of 56 people, including Cynthia Chen, former chief risk officer at San Francisco fintech LendingHome and Sara Priola, former chief legal counsel at PeerStreet.

DCM was…

A growing number of small community banks, especially those with less than $500 million in assets, are deciding that now is the time to join forces with larger rivals.

When it comes to running a company, nothing is more important than its financial health and stability. For businesses looking to grow or expand, having the right financial partner in place is critical, both to smooth a path for growth and help manage the peaks and valleys that often wreak havoc with a business’ bottom line.

The right financial partner should be patient, open-minded and creative. And when they’re not, the lending relationship simply may not be working.

Here are three red flags…