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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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