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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Great Western Bancorp in Sioux Falls, S.D., reported higher quarterly profit on loan growth and improved efficiency.
By Jacob PassyOctober 29 -
United Bankshares in Charleston, W.Va., recorded profit growth in the third quarter on higher average earning assets.
By Jacob PassyOctober 29 -
Filene Research Institute is soliciting existing, in-market products and programs in consideration for a new project.
By Jacob PassyOctober 29 -
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Mercantile Bank in Grand Rapids, Mich., plans to close five branches to cut costs. The $2.9 billion-asset company said in a press release Wednesday that it plans to close the branches in the first quarter.
By Jacob PassyOctober 28 - Texas
Cullen/Frost Bankers in San Antonio reported higher third-quarter profit, reflecting loan growth and increased fee income.
By Jacob PassyOctober 28 -
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United Community Banks in Blairsville, Ga., reported higher quarterly earnings despite costs tied to its purchase of Palmetto Bancshares in South Carolina.
By Jacob PassyOctober 27 -
Flagstar Bancorp in Troy, Mich., reported a third-quarter profit, as it originated more residential mortgages and recorded higher fee income.
By Jacob PassyOctober 27 -