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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Flagstar Bancorp in Troy, Mich., has picked Andrew Ottaway for the newly created position of managing director of lending.
By Jacob PassyDecember 3 -
Huntington Bancshares in Columbus, Ohio, has brought on industry veteran Tom Wirth to fill the newly created position of auto finance product and strategy director.
By Jacob PassyDecember 3 -
Digital money transfer provider Xoom has launched a service for sending funds to Bangladesh.
By Jacob PassyDecember 3 -
Great Lakes Credit Union in Bannockburn, Ill., and Phone-Co Credit Union have merged.
By Jacob PassyDecember 3 -
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Northern Trust in Chicago has agreed to acquire Aviate Global, an institutional equity brokerage firm in the U.K.
By Jacob PassyDecember 2 -
Synovus Financial in Columbus, Ga., plans to issue $250 million in subordinated notes to fund potential acquisitions or refinance other debt.
By Jacob PassyDecember 2 -
PenFed Credit Union in Alexandria, Va., announced two mergers Wednesday, one with NAVFAC Federal Credit Union in Honolulu, Hawaii, and one with AAFES FCU in Dallas.
By Jacob PassyDecember 2 -
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Peoples Bancorp in Marietta, Ohio, plans to increase reserves by $6.6 million to cover four commercial loans that it's moved to impaired status.
By Jacob PassyDecember 1