Mortgage Blog
U.S. Bank Corporate Trust unit listed as top unsecured creditor in Bally Sports North owner’s bankruptcy
Bally Sports North's parent company, Diamond Sports Group, owes investors represented by U.S. Bank nearly $2 billion, according to a recent bankruptcy court filing.
Diamond Sports Group Chapter 11 filing last week listed Minneapolis-based U.S. Bank as the group's largest unsecured creditor with $1.8 billion in unsecured debts. The second-largest unsecured creditor is Dolan Broadcast Properties Ltd, which has a claim of $77.2 million.
Specifically, the filing lists the biggest creditor as U.S.…
Susser Bank opens first full-service Houston branch amid Texas expansion
Susser Bank Chairman and CEO Sam L. Susser told the Dallas Business Journal in May 2022 that the bank was ramping up operations in major Texas markets, including hiring local market executives and filling out its senior staff.
Chase opens private terrace at Austin airport
Amenities continue to be elevated at Austin-Bergstrom International Airport alongside the steady growth in traffic. The latest is a private terrace from Chase that has drinks, food and views of the airfield.
4 banks based in Greater Philadelphia lost at least 20% of their market cap following SVB collapse
Four of the region’s 15 publicly traded banks lost 20% or more of their value in the week following the collapse of two major U.S. banks, and seven others lost at least 10%, according to an analysis by the Business Journal.
Clayton-based law firm hires former general counsel at bank holding company
Armstrong Teasdale said Gregory Omer has extensive knowledge of a variety of banking and corporate issues, including mergers and acquisitions; regulatory issues and applications; interstate banking; cybersecurity; issues relating to anti-money laundering; and examination, supervisory and enforcement matters.
U.S. Bank listed as largest unsecured creditor in Bally Sports North owner’s bankruptcy
Bally Sports North's parent company, Diamond Sports Group, owes investors represented by U.S. Bank nearly $2 billion, according to a recent bankruptcy court filing.
Diamond Sports Group Chapter 11 filing last week listed Minneapolis-based U.S. Bank as the group's largest unsecured creditor with $1.8 billion in unsecured debts. The second-largest unsecured creditor is Dolan Broadcast Properties Ltd, which has a claim of $77.2 million.
Specifically, the filing lists the biggest creditor as U.S.…
Chase adding Verona branch, nearing goal for Pittsburgh presence
When Chase entered Pittsburgh's retail banking landscape in fall 2019, its goal was to open 25 branches.
The Funded: The FDIC has cut by 50% the amount of capital SVB’s venture debt customers need to keep at the bank
The banking regulator appears to be trying to retain customers as it tries to sell the bank.
What Nashville banking leaders are saying about possible new banking regulations following the collapse of Silicon Valley Bank
The banking industry is one of the most regulated sectors in the U.S. — and more regulations could be coming.
President Joe Biden vowed stiffer bank regulations last week, following the rapid collapses of Silicon Valley Bank and Signature Bank that stoked fears of a domino effect across the industry.
He also called on Congress to undo a 2018 banking deregulation bill signed by President Trump that allowed banks below $250 billion to opt out of certain oversight regulations.
Despite the crisis,…
Next Move Healthcare acquires Prime Surgical Associates
Kansas City-based Next Move Healthcare will use the first acquisition in its history to expand into a new staffing area. Next Move co-founder and CEO John Nolan shares the details.