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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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 -
Bank of Hawaii in Honolulu said Monday that its fourth-quarter profit rose 3.98% to $42.8 million from a year earlier as loan growth offset lower fee income.
By Jacob PassyJanuary 25 -
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Farmers Capital Bank in Frankfort, Ky., plans to extinguish $15 million of subordinated debt. The $1.8 billion-asset company expects to record a $4.1 million pretax gain during the first quarter from the transaction.
By Jacob PassyJanuary 22 -
Randy Peterson, the chief executive of Bank of Eufaula in Oklahoma, was shot and killed on Thursday by a robber. He was 64.
By Jacob PassyJanuary 22 -
Ideal Credit Union in Woodbury, Minn., has paid back more than $2 million to members through a special program since it began in 2012.
By Jacob PassyJanuary 22