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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National Penn Bancshares in Allentown, Pa., said its second-quarter profit improved as increased real estate lending offset higher expenses.
By Jacob PassyJuly 23 -
TCF Financial in Wayzata, Minn., reported lower second-quarter profit as it paid more in salaries and employee benefits and a larger loss provision ate into net interest income.
By Jacob PassyJuly 23 -
The $1.7 billion-asset First State expects its deal for $264 million-asset Central to close before the end of the year.
By Jacob PassyJuly 23 -
Eagle Bancorp in Bethesda, Md., exceeded analysts' expectations for the second quarter.
By Jacob PassyJuly 22 -
TrustCo Bank Corp NY in Glenville, N.Y., has agreed to improve corporate governance, capital planning, internal auditing and other areas after federal regulators found the issues during an examination.
By Jacob PassyJuly 22 -
Fulton Financial in Lancaster, Pa., reported lower second-quarter profit, as low interest rates pressured lower yields on earning assets.
By Jacob PassyJuly 22 -
HomeTrust Bancshares in Asheville, N.C., will close six branches in North Carolina and Tennessee.
By Jacob PassyJuly 22 -
American Riviera Bank in Santa Barbara, Calif., has agreed to buy Bank of Santa Barbara.
By Jacob PassyJuly 20 -
NCR has launched a new tablet-based point-of-sale device aimed at minimizing security risks for the merchants that use it.
By Jacob PassyJuly 20 -
First Horizon National in Memphis, Tenn., returned to profitability after reporting a staggering first-quarter loss tied to a mortgage settlement.
By Jacob PassyJuly 17 -
The Dallas company recorded a higher provision as nearly $330 million in energy credits were classified as "criticized" during the second quarter. The size of Comerica's energy portfolio also shrank by 8% during the quarter.
By Jacob PassyJuly 17 -
CoBiz Financial in Denver has added the owner, chairman and chief executive of the Colorado Rockies baseball franchise to its board.
By Jacob PassyJuly 17 -
The $625 million-asset company said in a press release Thursday that Greg Remus will become its CEO on Oct. 1. He will succeed Ray Lipman, who will remain chairman.
By Jacob PassyJuly 16 -
Webster Financial in Waterbury, Conn., reported second-quarter profit of $50.5 million, a 12% jump from a year ago, as mortgage banking revenue improved.
By Jacob PassyJuly 16 -
Comerica in Dallas has hired a leader for its commercial lending division after its vice chairman, who had led that segment, resigned.
By Jacob PassyJuly 14 -
Walker rejects sections of state budget that would expand payday lenders' authority.
By Jacob PassyJuly 14 -
Signature Bank in New York has partnered with Financial Software Solutions to expand the products and services that it offers bankruptcy trustees.
By Jacob PassyJuly 14 -
Gov. Scott Walker sided with banking and other financial groups that opposed legislation letting payday lending companies offer insurance, annuities and other financial products.
By Jacob PassyJuly 13 -
Larry Otto has jumped ship from the second-largest bank in St. Louis to the largest.
By Jacob PassyJuly 13 -
Signature Bank in New York has formed a subsidiary to specialize in municipal finance and hired three executives for the division.
By Jacob PassyJuly 13
