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 -
People's United Financial in Bridgeport, Conn., rode the sale of its payroll services business to a higher profit in the fourth quarter.
By Jacob PassyJanuary 21 - Florida
BankUnited in Miami Lakes, Fla., reported a double-digit percentage increase in fourth-quarter profit, citing growth in loans and fee income.
By Jacob PassyJanuary 21 -
Webster Financial Corp. in Waterbury, Conn., said loan growth and higher returns from its HSA Bank subsidiary helped its fourth-quarter profit rise 4.5% year over year, to $50.6 million.
By Jacob PassyJanuary 21 -
Starbucks has integrated its mobile pre-ordering and payment feature into its Android app in the U.K.
By Jacob PassyJanuary 21 -
Fifth Third Bancorp has hired insurance industry veteran Howard McClure as head of insurance services, a newly created position at the Cincinnati company.
By Jacob PassyJanuary 20 -
WestStar Bank in El Paso, Texas, has new leadership after the retirement of Larry Patton, its president and chief executive.
By Jacob PassyJanuary 20 -
United Community Banks in Blairsville, Ga., reported little change in its fourth-quarter profit, as costs from its acquisition of Palmetto Bancshares ate into lending revenue and fee income.
By Jacob PassyJanuary 20 -
Pinnacle Financial Partners in Nashville, Tenn., has agreed to buy a bigger stake in Bankers Healthcare Group in Southwest Ranches, Fla.
By Jacob PassyJanuary 20 -
JPMorgan Chase will provide $75 million for the creation of a career and technical education program to address youth unemployment.
By Jacob PassyJanuary 20 -
Fulton Financial in Lancaster, Pa., reported a slight increase in its fourth-quarter profit as strong fee-income growth helped to offset a decline in its net interest margin.
By Jacob PassyJanuary 20
