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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Stonebridge Financial in West Chester, Pa., plans to sell its bank through bankruptcy proceedings.
By Jacob PassyNovember 11 -
Mid Penn Bancorp in Millersburg, Pa., plans to exit the Small Business Lending Fund program and redeem a separate pool of preferred stock through an upcoming debt sale.
By Jacob PassyNovember 11 -
Western Union has named Elizabeth Chambers as the companys chief strategy and product officer.
By Jacob PassyNovember 11 -
Central Bank of Kansas City in Missouri has agreed to issue prepaid cards for Cachet Financial Solutions in Minneapolis.
By Jacob PassyNovember 11 -
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Banc of California in Irvine has named executives to the newly created positions of chief strategy officer and chief investment officer.
By Jacob PassyNovember 10 -
- New York
M&T Bank has begun dismissing former Hudson City Savings Bank workers in New Jersey, following the completion of its acquisition of the company.
By Jacob PassyNovember 9 -
National Bank Holdings in Greenwood Village, Colo., has negotiated an early termination of the loss-share agreements that backed up its acquisitions of two failed banks.
By Jacob PassyNovember 9