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.
-
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