Mortgage Blog

The student loan company Sallie Mae cut the ribbon to its second office in Delaware on Monday and committed to add nearly 300 new jobs in the First State.

“This is a big deal for our state. It’s a really big deal for this community,” said Gov. John Carney, at the ribbon-cutting ceremony. “Your decision to stay here and expand here, I think, is a vote of confidence for the workforce.”

The new office is located at 86 Christiana Road in New Castle. Sallie Mae currently employs 900 people…

The Massachusetts-based Italian restaurant chain Bertucci’s filed for bankruptcy on Sunday, revealing plans to continue operating under a new owner and to close 15 locations immediately.

The company, known for its brick-oven pizzas, has struggled for years to compete against fast-casual restaurants that offer customers quicker service at an often cheaper price. Bertucci’s has experienced sales and revenue declines every year since 2011, Chief Financial Officer Brian Connell said in a bankruptcy…

President Donald Trump nominated Kansas’ top banking regulator to a post on the Federal Reserve System’s Board of Governors.

The White House announced Monday the appointment of Michelle Bowman as the designated community bank representative for the St. Louis region. Bowman presently is State Bank Commissioner for Kansas.

Bowman, a graduate of the University of Kansas and Washburn University School of Law, previously served as a staffer in Washington and an executive in the Federal Emergency…

Vista Equity Partners is rolling up a pair of education-technology companies in its portfolio, including Austin-based PeopleAdmin Inc.

PeopleAdmin will merge with Folsom, California-based PowerSchool, creating a company with a combined value of nearly $3 billion including debt, Reuters reports citing unnamed sources “familiar with the matter.” The deal includes an investment from Onex Corp.

Vista Equity, which is also based in Austin, will share ownership of the combined company with Onex, per…

After decades in business, HJH Consulting Group Inc. and its affiliated businesses filed for bankruptcy protection in the U.S. District Court for the Western District of Texas.

HJH is based in Kerrville, about 100 miles west of Austin.

The group of businesses — which includes The Salt Group; U.S. Cost Management Partners, also known as US Tax Recovery Partners LLC; and The B2B Prospecting Source — filed for Chapter 11 on Apr. 2.

“A number of accounting irregularities placed the company…

Fred Vincelli started his first sustainable business in 1977 with the idea of developing and providing green post-consumer recycled products. After successfully growing his first cellulose installation business and selling it in 1997, Vincelli decided to continue his path of entrepreneurship and start a new company with the same innovative idea.

In 2001, Vincelli founded Carolina Precision Fibers, a green industry recycled materials manufacturing business located in Ronda, North Carolina that…

Donald Heberle returns to PNC, where he began his career in finance, effective June 4.

When Congress approved a sweeping U.S. tax rewrite last year, many lawmakers noted just how beneficial the new legislation would be to major corporations like Goldman Sachs.

While the New York banking giant deducted billions from its fourth-quarter earnings report due to one particular provision in the new tax overhaul, it was able to enjoy an earnings boost during this most recent quarter.

Goldman Sachs (NYSE: GS) is reporting that its first quarter profits rose by 26 percent. This was made possible…

It’s been nearly six years since Buffalo-headquartered M&T Bank Corp. announced a bank acquisition, and there's no indication from bank officials that the dry spell is nearing an end.

After decades in business, Kerrville, Texas-based HJH Consulting Group Inc. and its affiliated businesses filed for bankruptcy protection in the U.S. District Court for the Western District of Texas.

The group of businesses — which includes The Salt Group; U.S. Cost Management Partners, also known as US Tax Recovery Partners LLC; and The B2B Prospecting Source — filed for Chapter 11 on Apr. 2.

“A number of accounting irregularities placed the company in a position where filing for reorganization…