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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BNC Bancorp in High Point, N.C., has agreed to buy Southcoast Financial in Mount Pleasant, S.C., for $95.5 million in stock.
By Jacob PassyAugust 14 -
Malvern Federal Savings Bank has hired its chief risk officer from a rival Pennsylvania bank.
By Jacob PassyAugust 14 -
The Office of the Comptroller of the Currency has promoted Amrit Sekhon to deputy comptroller for capital and regulatory policy.
By Jacob PassyAugust 13 -
Banc of California in Irvine is looking for a new chief financial officer, after Ronald Nicolas announced his resignation.
By Jacob PassyAugust 13 -
First NBC Bank Holding in New Orleans has delayed the release of its 10-Q, after it discovered an accounting error.
By Jacob PassyAugust 13 -
Enterprise Bancorp in Lowell, Mass., has named James Conway vice chairman and lead director.
By Jacob PassyAugust 12 -
Raymond Wilson is leaving the Honolulu bank, and current executives Anna Hu and Denis Isono will assume his duties later this month.
By Jacob PassyAugust 12 -
UMB Financial in Kansas City, Mo., has hired an IBM executive to be chief information officer.
By Jacob PassyAugust 12 -
Presidio Bank in San Francisco has named Larry Nibbi, a minority owner of the San Francisco Giants, to its board.
By Jacob PassyAugust 11 -
First Northwest Bancorp in Port Angeles, Wash., lowered its previously reported results for its recently completed fiscal year because of an accounting error.
By Jacob PassyAugust 11