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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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 -
Firstmark Credit Union and St. Josephs Credit Union in San Antonio, Texas, have finalized an agreement for the two to merge.
By Jacob PassyDecember 1 -
Sage Bank in Lowell, Mass., has agreed to pay about $1.2 million to settle Justice Department allegations of discrimination against minorities in mortgage lending.
By Jacob PassyDecember 1 -
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Evans Bancorp in Hamburg, N.Y., has hired John Connerton to become its chief financial officer.
By Jacob PassyNovember 30 -
Cloud-based payroll, payments and business analytics platform CloudPay has brought on Brian Radin as its chief revenue officer.
By Jacob PassyNovember 30