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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SunTrust Banks in Atlanta said Tuesday that it has created a new line of business specializing in the payments and technology industry.
By Jacob PassyFebruary 2 -
Salisbury Bancorp in Lakeville, Conn., has named James Cotter the chief operating officer of Salisbury Bank & Trust.
By Jacob PassyFebruary 2 - New York
Fourth-quarter profit tanked at CIT Group in New York, as the costs to dismiss former OneWest Bank executives, and losses tied to the sale of Brazilian businesses weighed on results.
By Jacob PassyFebruary 2 -
TFS Financial in Cleveland reported higher fourth-quarter profit, citing a $1 million negative loan-loss provision.
By Jacob PassyJanuary 29 - Louisiana
Iberiabank in Lafayette, La., reported higher fourth-quarter profit on loan growth and mortgage revenue and planned an additional round of branch closings.
By Jacob PassyJanuary 28 -
East West Bancorp in Pasadena, Calif., said higher income taxes and lower interest income were partly to blame for a 3.87% drop, to $91.8 million, in its fourth-quarter profit.
By Jacob PassyJanuary 28 -
- Texas
Prosperity Bancshares in Houston reported a 4.23% dip in fourth-quarter profit on lower levels of loan discount accretion.
By Jacob PassyJanuary 27 -
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The $649 million-asset holding company for Malvern Federal Savings Bank promoted Karen Walter to chief operating officer.
By Jacob PassyJanuary 26