Jacob Passy is a reporter with National Mortgage News, covering breaking news in the residential mortgage industry. Passy has been with SourceMedia since 2015 and previously served as a breaking news reporter for American Banker. His work has appeared in numerous publications including CNBC, NBC News and the Wall Street Journal's Speakeasy blog. He is a graduate of the CUNY Graduate School of Journalism and Tufts University.
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Great Western Bancorp in Sioux Falls, S.D., reported higher quarterly profit on loan growth and improved efficiency.
By Jacob PassyOctober 29 -
United Bankshares in Charleston, W.Va., recorded profit growth in the third quarter on higher average earning assets.
By Jacob PassyOctober 29 -
Filene Research Institute is soliciting existing, in-market products and programs in consideration for a new project.
By Jacob PassyOctober 29 -
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Mercantile Bank in Grand Rapids, Mich., plans to close five branches to cut costs. The $2.9 billion-asset company said in a press release Wednesday that it plans to close the branches in the first quarter.
By Jacob PassyOctober 28 - Texas
Cullen/Frost Bankers in San Antonio reported higher third-quarter profit, reflecting loan growth and increased fee income.
By Jacob PassyOctober 28 -
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United Community Banks in Blairsville, Ga., reported higher quarterly earnings despite costs tied to its purchase of Palmetto Bancshares in South Carolina.
By Jacob PassyOctober 27 -
Flagstar Bancorp in Troy, Mich., reported a third-quarter profit, as it originated more residential mortgages and recorded higher fee income.
By Jacob PassyOctober 27 -
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Alerus Financial in Grand Forks, N.D., has agreed to buy Alliance Benefit Group North Central States, a retirement plan administrator in Minnesota.
By Jacob PassyOctober 26 -
Online auto-buying resource GrooveCar has formed partnerships with four credit unions across the U.S.
By Jacob PassyOctober 26 -
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Iberiabank in Lafayette, La., reported higher third-quarter earnings on loan growth and because of an acquisition.
By Jacob PassyOctober 22 -
The decision to terminate a shared-loss agreement with the Federal Deposit Insurance Corp. boosted third-quarter profits at East West Bancorp in Pasadena, Calif.
By Jacob PassyOctober 22 -
Dime Community Bancshares in Brooklyn, N.Y., said that Kenneth Mahon will succeed Michael Devine as its president on Jan. 1.
By Jacob PassyOctober 21 -
European mobile point of sale company SumUp has brought its technology across the pond.
By Jacob PassyOctober 21 -
UniRush's transition to a new processor caused major service interruptions for users of its popular RushCard prepaid products.
By Jacob PassyOctober 21 -
Crossroads Bank in Effingham, Ill., has selected Michael Defend as its new chief executive. Defend, who will also serve as president, will step into his new role at the beginning of next year.
By Jacob PassyOctober 20 -
Foundation Bancorp in Bellevue, Wash., is searching for a new chief executive. The company said in a press release Tuesday that Diane Dewbrey resigned a day earlier "to pursue other interests."
By Jacob PassyOctober 20
