Mortgage Blog

Regions Financial Corp. (NYSE: RF) is selling one of its subsidiaries to BB&T Corp. as part of its efforts to simplify its business model.

BB&T Insurance Holdings will acquire Regions Insurance by the third quarter of this year, subject to regulatory approval. Financial details surrounding this transaction were not disclosed, but Regions said it plans to use capital generated by the transaction to repurchase shares of common stock.

“This transaction supports our efforts to streamline our company…

Calendar year 2017 turned out to be the third most active year in the past decade in the Raleigh and Durham metropolitan statistical areas for mergers and acquisitions in terms of cumulative deal value – at $15.5 billion. It's just one of the nuggets unearthed when compiling our latest list of top M&A deals in the Triangle.

Dallas cancer drug maker Gradalis, which is run by the former president of the Mary Crowley Cancer Research Centers, has raised nearly $44 million.

Regions Financial Corp. (NYSE: RF) is selling one of its subsidiaries to BB&T Corp. as part of its efforts to simplify its business model.

BB&T Insurance Holdings will acquire Regions Insurance by the third quarter of this year, subject to regulatory approval. Financial details surrounding this transaction were not disclosed, but Regions said it plans to use capital generated by the transaction to repurchase shares of common stock.

“This transaction supports our efforts to streamline our company…

JPMorgan Chase has won state approval to open three bank branches — two in Boston and another in Brookline — making good on its strong hints earlier this year that it was planning a retail presence in Boston.

Chase (NYSE: JPM) is set to open brand-new branches at 800 Boylston St. in Back Bay, the address for the Prudential Tower; at 1 Winter St. in Downtown Crossing, and at 1364 Beacon St. in Brookline, according to a report on Friday from the Massachusetts Division of Banks. The agency approved…

KnowBe4, a cybersecurity training company in Clearwater, is the best-funded cybersecurity firm in Florida.

KnowBe4 had $43.2 million in financial backing as of Feb. 2, according to a report from CBInsights, a technology research organization that looked at the top-funded cybersecurity companies in every U.S. state.

The sector is gaining momentum. Cybersecurity startups raised $7.7 billion across 552 deals in 2017, CBInsights said. Growth likely is a response to major data breaches, such as a breach…

Oakworth Capital Bank has a new headquarters.

The bank has moved from its former location at 2100A Southbridge Parkway to 850 Shades Creek Parkway. The BBJ reported that the bank purchased the Shades Creek building – ServisFirst Bank’s former location – for $14 million in 2016.

A ribbon cutting and open house was held at the new location on Wednesday. The occasion also marked 10 years in business for Oakworth, which was founded on March 30, 2008.

Since that time the bank has grown to amass…

A bank leader said the naming rights have been a win, telling the Business Journal: “When I am traveling around the country and say I am from Citizens Bank, the first thing people usually say is, 'Like the place where the Phillies play.’ So it is great for our brand.”

Wisconsin Women’s Business Initiative Corp. will open a new business center in Appleton that aims to expand the economic development corporation's reach in northeastern Wisconsin.

WWBIC — which presently has offices in Milwaukee, Madison, Racine and Kenosha — is a statewide organization that provides lending and other business resources to women, people of color and low-income individuals. A federal grant from the U.S. Small Business Administration's Office of Women's Business Ownership helped…

San Francisco-based virtual currency trading platform Coinbase is launching a venture capital arm that will focus on funding early stage startups, the company said Thursday.

Coinbase President and Chief Operating Officer Asiff Hirji told CNBC's “Fast Money” that Coinbase may also use the fund to invest in potential competitors. Reports CNBC:

Last month, Coinbase said it is launching a index fund, allowing investors to track trends happening in the white-hot cryptocurrency market as it automatically…