Mortgage Blog
3 of Pittsburgh’s biggest banks’ value surged before failures rocked sector; here’s why
Until SVB and Sovereign failed, a trio of locals all enjoyed increases in market cap in 2023.
Following Silicon Valley Bank collapse, Houston innovation leaders highlight need for change
Several leaders in Houston’s innovation economy have highlighted specific regulatory changes they would like to see in the wake of Silicon Valley Bank’s collapse and subsequent federal intervention.
Softeq Development Corp. founder and CEO Chris Howard reported minimal immediate impact to Softeq’s 64 portfolio companies, as most companies that banked with SVB had accounts under the FDIC insured limit of $250,000. Howard did report a flurry of activity as current Softeq Venture Studio cohort…
Fifth Third’s Greg Carmichael retiring as board chair
Greg Carmichael is completely exiting Fifth Third Bancorp next month, less than a year after he retired as CEO.
Wichita’s Equity Bancshares not immune to large market cap hit from banking industry turmoil
The sudden failures of Silicon Valley Bank and Signature Bank sent shockwaves through the banking sector and rattled investors — wiping out billions in value for banks in the process.
How SVB’s collapse could slow growth for Atlanta startups
Carpool Logistics CEO Michael Malakhov expects another six months or a year of constricted capital access, both for debt and equity.
Tampa Bay’s higher post-pandemic cost of living is the new norm, economist says
The region's affordability relative to other markets — including in Florida — will continue to attract inbound residents and push prices higher, a Truist economist says.
Ameriprise asset-management clients lose $141 million in SVB collapse
Ameriprise Financial, Inc. lost more than $140 million of client money last week through its positions in Silicon Valley Bank.
SVB, Signature Bank failures could pose cybersecurity risk for companies
The collapse of Silicon Valley Bank and Signature Bank is dominating news coverage. That creates an ideal scenario for phishing schemes and other security risks.
Meet Spoor Bunch Franz, a 2023 Best Places to Work honoree
SBF is a full-service public accounting firm offering tax, audit, outsourced accounting and advisory services.
Cadence Insurance names industry veteran as DFW market president
Cadence Insurance, a subsidiary of Houston- and Tupelo, Mississippi-based Cadence Bank, currently has two people in Dallas-Fort Worth but plans to grow the team as it shifts its focus to North Texas.