Mortgage Blog
The importance of relationship banking in Oregon’s growing health care sector
Health care touches every part of our lives. It is therefore no surprise that the health care industry is a critical component of the U.S. economy. As the population grows, and especially as it ages, facilities, services and workforces will need to expand to meet the increased demand for quality care. Providers and executives in the health care field should begin fostering relationships with their bankers now to ease the process when the need for expansion funding comes due.
The escalating growth…
Cincinnati company Luminex’s SPAC deal collapses
Luminex's planned transaction to go public by being acquired by a SPAC has collapsed.
Arizona housing market update: Why it’s a good time to buy
Over the last 12 months, the housing market in Arizona has been a rollercoaster. Home prices were rising quickly and the inventory of homes for sale was tight. Now, with average mortgage rates nearly doubled over the last year, the median sale price has dropped and active listings for sale have increased.
“Currently, the ratio between supply and demand shows the Valley moving into a balanced market,” said Greg Thorell, senior vice president of residential lending at Arizona Financial Credit Union.…
Truist unveils $22M initiative to bolster racial and economic mobility
Truist and its foundation outlined their latest plans for economic mobility investment this week with a panel discussion and small business fair at the bank’s uptown Charlotte headquarters.
Truist launches $22M initiative to bolster racial, economic mobility
A new program from Truist will invest millions in Black- and minority-owned small businesses as well as education and career training.
Chicago’s Burling Bank to be acquired by LevelField Financial
Officials at both banks said that after the deal is done, customers looking to access digital asset transactions will be able to do so at a federally regulated banking institution.
Regis College awarded grant to continue work in Haiti
The grant will support Regis’ work alongside local partners around nursing in Haiti to train and educate nurses.
Flagship-backed biotech cuts nearly half its staff
A Flagship Pioneering spinout developing treatments for immune diseases is laying off 48 employees — about 45% of its staff.
AmerisourceBergen invests $100M in $1.45B Project Black Fund targeting minority-led suppliers
Among the other companies investing in the Project Black Fund are JPMorgan Chase & Co., Merck, Salesforce and Walmart.
Baptist Health Louisville leader retiring after nearly four decades
The president will remain in his current position while a national search for his replacement is conducted.