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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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 -
Credit union service organizations can begin to register with the NCUAs CUSO Registry starting Feb. 1, the agency said Monday.
By Jacob PassyJanuary 26 -
Popular Inc. in San Juan, Puerto Rico, reported a triple-digit increase in fourth-quarter profit on higher fee and interest income.
By Jacob PassyJanuary 26 -
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Bank Mutual in Milwaukee is facing a proxy battle with the activist investor Clover Partners.
By Jacob PassyJanuary 25 -
Sun Bancorp in Mount Laurel, N.J., has agreed to pay $25,000 to resolve issues connected to the companys former Sun Home Loans division.
By Jacob PassyJanuary 25