Mortgage Blog

Shawn Kelly, the managing director of Dallas private equity firm Teakwood Capital and a former leader at Austin Ventures, died on Monday.

The Dallas County Medical Examiner's Office told the Dallas Business Journal that the cause of death was a self-inflicted gunshot wound. The medical examiner’s case file showed that the incident occurred at the 8200 block of Douglas Avenue, where Teakwood Capital’s office is located.

Teakwood Managing Director Ed Olkkola, who joined the firm in 2009, posted…

Longtime New Mexico banker Robert Gabaldon has made a move.

After a little over three years as president of the Albuquerque metro market at Los Alamos National Bank and more than 20 years in the banking world, Gabaldon will move over to Plum Lending, a San Francisco-based firm that specializes in commercial real estate lending and loans from $1-25 million, according to the company's website.

Gabaldon's first day at Plum was Tuesday.

“For me, Plum Lending represents a fresh (financial technology)…

Jennifer Riordan, Wells Fargo vice president of Community Relations, died Tuesday when a Southwest Airlines jet's engine exploded midair.

Several media outlets, including KRQE and the Albuquerque Journal, confirmed Riordan was the passenger who died. She was transported to a hospital before her death.

The aircraft was en route from New York LaGuardia to Dallas Love Field, according to Southwest, when one of its engines exploded, shooting shrapnel and debris into the fuselage.

Riordan was a well-known…

The city of Rancho Cordova has committed to bank with two locally based community banks in order to support local small business lending.

Rancho Cordova has put $5 million each into deposit accounts at Five Star Bank and American River Bank, as part of an initiative by Region Finance, a trade association operated by the Sacramento Region Business Association. The effort seeks to put municipal funds to work in the local business community, said Josh Wood, CEO of Sacramento Region Business Association.

In…

Activist investor Carl Icahn has bought a “medium-sized” stake in Palo Alto-based cloud computing giant VMware, signaling he might be wading into the company’s brewing fight over a reverse merger with Dell Technologies, CNBC reports, citing unnamed sources.

Icahn owns less than 5 percent of VMware’s total shares, falling below the threshold for public disclosure.

VMware shares jumped another 3 percent at the opening bell today on the news. Shares have gained 12 percent since Friday, after…

With $40 million in their pocket, those behind Studio Bank have the money they need to launch.

Fewer Phoenix small businesses were acquired in the first three months of 2018 than the year before, but the businesses sold for higher prices.

Shawn Kelly, the managing director of Dallas private equity firm Teakwood Capital and formerly part of Austin Ventures’ local office, died on Monday.

The Dallas County Medical Examiner's Office told the Dallas Business Journal that the cause of death was a self-inflicted gunshot wound. The medical examiner’s case file showed that the incident occurred at the 8200 block of Douglas Avenue, where Teakwood Capital’s office is located.

Teakwood Managing Director Ed Olkkola, who joined the firm…

Bank of Hawaii initiated several financial assistance programs on Tuesday to aid those impacted by the recent heavy rains and flooding in East Honolulu and Kauai.

The bank said the programs will provide access to cash via special loan programs or getting relief on existing Bank of Hawaii loan extensions or forbearances.

The program features loan amounts up to $25,000, which can be used to provide cash relief for emergency supplies and living essentials, repair homes and vehicles, or to bridge…

Billionaire banking heir Matthew Mellon died at a rehabilitation center in Cancun, Mexico.

He was 54.

Mellon is a descendant of Judge Thomas Mellon, founder of the Mellon Bank — currently doing business under Bank of New York Mellon Corp. (NYSE: BK). He is also a direct descendant of Anthony Joseph Drexel, founder of a precursor to Drexel Burnham Lambert.

Per The Associated Press, the news of his death was confirmed by Mellon's cousin, Peter Stephaich. Details as to the what led to Mellon's…