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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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 -
UniRush's transition to a new processor caused major service interruptions for users of its popular RushCard prepaid products.
By Jacob PassyOctober 20 -
Merger-related expenses took a nearly $6 million bite out of third-quarter earnings at Wintrust Financial in Rosemont, Ill., but its chief executive predicted several recently completed deals will pay off sooner than anticipated.
By Jacob PassyOctober 19 - PSO content
Citi is expanding its Payment Exchange service into Canada, following up on what it called a successful U.S. launch in 2012.
By Jacob PassyOctober 19 -
WEX has agreed to acquire fleet card provider Electronic Funds Source in a stock-and-cash deal.
By Jacob PassyOctober 19 -
Communities First Financial in Fresno, Calif., has a new chief executive.
By Jacob PassyOctober 16 -
Investar Holding in Baton Rouge, La., has made a series of changes to its executive ranks.
By Jacob PassyOctober 16 -
The fleet card provider WEX has agreed to acquire software-as-a-service technologies provider Benaissance.
By Jacob PassyOctober 16 -
Barclaycard and travel site priceline.com have extended their co-branding agreement, which means consumers can still get a credit card with pitchman William Shatner's face on it.
By Jacob PassyOctober 16 -
New York's state banking regulator may have set down rigorous guidelines for the Symphony online messaging service. But will the rules actually work, and will other agencies will adopt similar guidance?
By Jacob PassyOctober 15 -
Nusenda Credit Union took home the prize for "Most Innovative Community-Based Banking Organization" at the 2015 Global Banking Innovation Awards hosted by BAI-Infosys Finacle in Las Vergas.
By Jacob PassyOctober 14

