Mortgage Blog

While BB&T Corp. Chairman and CEO Kelly King’s base salary remained constant in 2017, he received a $1.01 million bump in compensation through stock awards to ultimately increase his pay 9.1 percent in 2017 versus a year earlier.

According to a filing with the Securities and Exchange Commission, King earned $12.67 million in compensation for the 2017 financial year, up from $11.61 million in 2016. King’s base salary of $1.075 million is identical to his 2016 salary.

The disclosure of King's…

The bank said the in-app system should be integrated into it’s mobile platform at some point this year.

Howard Sachs, a well-known senior vice president at Raymond James & Associates, died Saturday.

Sachs, who worked in Raymond James' Carillon Branch in St. Petersburg, was a Certified Financial Planner with more than three decades of financial industry experience, according to the company's website.

“We are deeply saddened by Howard’s passing, and his family and friends are in our thoughts during this difficult time. He was an incredible ambassador for Raymond James and important part of the…

Former Denver Mayor Federico Peña and three directors at embattled Wells Fargo & Co. will retire from the bank's board April 24 at this year’s annual meeting.

Peña — who also was a two-time cabinet secretary under former President Bill Clinton — was scheduled to retire from the board in 2019.

Wells Fargo (NYSE: WFC), Colorado's largest bank by deposits, confirmed Thursday that Peña is among four board members who will step down at the annual meeting.

The others are Dignity Health CEO Lloyd…

The new Tax Cuts and Jobs Act should be a shot in the arm for private equity funds and could boost the valuation of deals as companies use their rising cash flow to expand operations.

The reduction in the overall corporate tax rate to 21 percent from 35 percent will benefit companies organized as C corporations. Firms that are organized as pass-through entities — LLCs, partnerships and S Corporations — will also see marginal income taxes decline from about 40 percent to as low as 30 percent.

There…

Entrepreneurial success often depends on an entrepreneur having a solid idea or business strategy and selecting a financing model with which he or she is comfortable.

However, many entrepreneurs do not have the financial or legal knowledge to help them decide which financing option is best for their situation.

Here is a quick overview of the four main financing options, which should help entrepreneurs make the right decision:

With equity financing, investors fund a business with their own…

California Treasurer and gubernatorial candidate John Chiang turned up the heat on Wells Fargo CEO Tim Sloan, calling for the long-time veteran of the bank to resign.

Chiang sought Sloan’s resignation in a letter sent to the bank March 1 after Wells (NYSE: WFC) said four directors are retiring at this year's annual meeting in April.

The call wrapped up a tumultuous week for the bank's West Coast operations. The New York Times reported earlier this week the lender faces a whistleblower lawsuit…

Members of the Frist family and banking powerhouse UBS are teaming up to change the way Nashville business leaders view diversity in their companies.

Billy and Jennifer Frist, along with UBS, have launched an initiative to show local companies the benefits of hiring employees on the autism spectrum, highlighting the benefits of an “untapped potential workforce.”

“[People on the autism spectrum] have trouble finding a job, but they're very capable of contributing to our society through companies…

A Mississippi bank has expanded its footprint into Alabama.

The First, A National Banking Association has merged with First Community Bank, following The First Bancshares Inc.'s (NASDAQ: FBMS) acquisition of First Community’s holding company, Southwest Banc Shares Inc.

The First, headquartered in Hattiesburg, Mississippi, was the surviving bank, resulting in the bank’s expansion into the Mobile market with nine branches, including locations in Bay Minette, Theodore, Mobile, Gulf Shores, Orange…

Richard Jefferson, co-founder and CEO of Jacksonville’s Coastal Bank & Trust, didn’t set out to create the last bank startup in North Carolina. But that's what happened when Coastal opened its doors in April 2009.