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 lesbian, gay, bisexual and transgender community overwhelmingly views homeownership as a strong investment, although worries of housing discrimination persist, according to a new study.
By Jacob PassyMay 28 -
TCF Financial has designed a new logo and launched a new marketing campaign to improve its image, which has taken a hit lately according to recent customer-satisfaction surveys.
By Jacob PassyMay 28 -
American State Bancshares in Wichita, Kan., has agreed to acquire three Kansas branches from Simmons First National.
By Jacob PassyMay 28 -
MutualFirst Financial in Muncie, Ind., is facing pressure from an activist investor to explore a potential sale, even after the bank earlier this year agreed to implement a demand made by the same activist.
By Jacob PassyMay 27 -
Associated Banc-Corp in Green Bay, Wis., agreed to expand mortgage lending in minority neighborhoods to settle a federal probe into its fair-housing loan practices.
By Jacob PassyMay 26 -
Customers Bancorp will offer free financial coaching to customers of its mobile-banking product who maintain higher monthly deposits.
By Jacob PassyMay 20 -
First Republic Bank in San Francisco plans to raise around $100 million in a stock offering and use the proceeds to fund its growth.
By Jacob PassyMay 19 - PSO content
Qiwi and the Russian Post have formed a partnership to offer money transfer services.
By Jacob PassyMay 19 -
The fraud detection services provider Feedzai has raised $17.5 million in its Series B financing round.
By Jacob PassyMay 18 -
First Foundation in Irvine, Calif., has launched a division to offer property and casualty insurance brokerage services.
By Jacob PassyMay 18 -
Hamilton State Bancshares in Hoschton, Ga., has agreed to acquire the $130 million-asset Highland Financial Services in Marietta, Ga.
By Jacob PassyMay 15 -
Heartland Financial USA in Dubuque, Iowa, has agreed to buy First Scottsdale Bank in Arizona.
By Jacob PassyMay 15 -
Samsung has decided to discontinue its Samsung Wallet service as it prepares to launch Samsung Pay.
By Jacob PassyMay 15 - PSO content
Qiwi has reached an agreement with Otkritie Financial Group to buy the Contact money transfer system and the Rapida payment processing system.
By Jacob PassyMay 14 -
Prosperity Bancshares in Houston has named a new president.
By Jacob PassyMay 14 -
Technology services firm Accenture has formed a partnership with "neobank" Moven to create digital banking offerings.
By Jacob PassyMay 14 -
Abid Gilani, a Wells Fargo senior vice president, was one of the victims in the derailment of an Amtrak train outside of Philadelphia on Tuesday.
By Jacob PassyMay 13 -
First Commonwealth Bank in Indiana, Pa., has agreed to buy First Community Bank in Columbus, Ohio, for about $15 million in cash.
By Jacob PassyMay 11 -
First Citizens BancShares in Raleigh, N.C., reported higher earnings on the backs of two acquisitions.
By Jacob PassyMay 7 -
Elmira Savings Bank in New York has repurchased a warrant from the federal government that had been issued as part of the Troubled Asset Relief Program during the financial crisis.
By Jacob PassyMay 7

