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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Valley National in Wayne, N.J., reported an increase in second-quarter earnings on expanded commercial real estate and business lending.
By Jacob PassyJuly 30 -
American Express and Best Buy will allow consumers to make purchases on the retailers website using the reward points earned from their Amex spending.
By Jacob PassyJuly 30 -
United Bankshares reported higher second-quarter earnings, as the Charleston, W.Va., company boosted lending and kept expenses in check.
By Jacob PassyJuly 30 - Oklahoma
BOK Financial in Tulsa, Okla., reported higher second-quarter earnings as mortgage banking and loan growth offset an increase in expenses.
By Jacob PassyJuly 29 -
ATM operator Cardtronics and fuel retailer Sunoco have renewed their ATM services agreement, extending a 15-year relationship between the two companies.
By Jacob PassyJuly 29 -
Trustmark in Jackson, Miss., reported a dip in second-quarter earnings on shrinking profit margins and declining yields on earning assets.
By Jacob PassyJuly 29 -
Bank of America and Goldman Sachs have promised the Obama administration to invest in, and provide other support for, efforts to fight climate change.
By Jacob PassyJuly 28 -
CIT Group in New York reported lower second-quarter profit, as higher expenses and a drop in fee income offset loan growth. The sale of a student-loan business last year partly skewed the results.
By Jacob PassyJuly 28 -
FirstMerit in Akron, Ohio, reported lower second-quarter profit on shrinking interest and fee income, despite successful cost-cutting measures.
By Jacob PassyJuly 28 -
Fair-value accounting and merger costs took big bites out of Western Alliance Bancorp. in Phoenix last quarter.
By Jacob PassyJuly 27 -
A new ad from the U.S. unit of Toronto-Dominion Bank that features a same-sex couple is more than a social statement, as it also says a lot about the fragmentation, context and consumer control that are part of modern TV viewing habits, according to the company's top marketing executive.
By Jacob PassyJuly 27 -
Western Union announced that it will reinstate international remittances into Greece, after suspending them following the country's decision to shut down all banks amid a mounting debt crisis.
By Jacob PassyJuly 27 -
Old National Bancorp in Evansville, Ind., reported higher second-quarter profit as a result of recent acquisitions and on better fee income.
By Jacob PassyJuly 27 -
Glacier Bancorp in Kalispell, Mont., reported higher second-quarter profit from growth in both lending and fee-based services.
By Jacob PassyJuly 24 -
Hancock Holding in Gulfport, Miss., reported lower second-quarter profit, citing higher incentive pay for employees and lower yields on both loans and securities.
By Jacob PassyJuly 23 -
National Penn Bancshares in Allentown, Pa., said its second-quarter profit improved as increased real estate lending offset higher expenses.
By Jacob PassyJuly 23 -
TCF Financial in Wayzata, Minn., reported lower second-quarter profit as it paid more in salaries and employee benefits and a larger loss provision ate into net interest income.
By Jacob PassyJuly 23 -
The $1.7 billion-asset First State expects its deal for $264 million-asset Central to close before the end of the year.
By Jacob PassyJuly 23 -
Eagle Bancorp in Bethesda, Md., exceeded analysts' expectations for the second quarter.
By Jacob PassyJuly 22 -
TrustCo Bank Corp NY in Glenville, N.Y., has agreed to improve corporate governance, capital planning, internal auditing and other areas after federal regulators found the issues during an examination.
By Jacob PassyJuly 22
