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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Customers Bancorp will offer free financial coaching to customers of its mobile-banking product who maintain higher monthly deposits.
By Jacob PassyMay 20 -
First Republic Bank in San Francisco plans to raise around $100 million in a stock offering and use the proceeds to fund its growth.
By Jacob PassyMay 19 - PSO content
Qiwi and the Russian Post have formed a partnership to offer money transfer services.
By Jacob PassyMay 19 -
The fraud detection services provider Feedzai has raised $17.5 million in its Series B financing round.
By Jacob PassyMay 18 -
First Foundation in Irvine, Calif., has launched a division to offer property and casualty insurance brokerage services.
By Jacob PassyMay 18 -
Hamilton State Bancshares in Hoschton, Ga., has agreed to acquire the $130 million-asset Highland Financial Services in Marietta, Ga.
By Jacob PassyMay 15 -
Heartland Financial USA in Dubuque, Iowa, has agreed to buy First Scottsdale Bank in Arizona.
By Jacob PassyMay 15 -
Samsung has decided to discontinue its Samsung Wallet service as it prepares to launch Samsung Pay.
By Jacob PassyMay 15 - PSO content
Qiwi has reached an agreement with Otkritie Financial Group to buy the Contact money transfer system and the Rapida payment processing system.
By Jacob PassyMay 14 -
Prosperity Bancshares in Houston has named a new president.
By Jacob PassyMay 14 -
Technology services firm Accenture has formed a partnership with "neobank" Moven to create digital banking offerings.
By Jacob PassyMay 14 -
Abid Gilani, a Wells Fargo senior vice president, was one of the victims in the derailment of an Amtrak train outside of Philadelphia on Tuesday.
By Jacob PassyMay 13 -
First Commonwealth Bank in Indiana, Pa., has agreed to buy First Community Bank in Columbus, Ohio, for about $15 million in cash.
By Jacob PassyMay 11 -
First Citizens BancShares in Raleigh, N.C., reported higher earnings on the backs of two acquisitions.
By Jacob PassyMay 7 -
Elmira Savings Bank in New York has repurchased a warrant from the federal government that had been issued as part of the Troubled Asset Relief Program during the financial crisis.
By Jacob PassyMay 7 -
QCR Holdings in Moline, Ill., will sell 2.8 million shares in a public offering.
By Jacob PassyMay 6 -
Naugatuck Valley Financial in Naugatuck, Conn., has been freed from a regulatory order.
By Jacob PassyMay 6 -
Corporate payment company WEX has launched a fleet fuel card tailoredto smaller businesses.
By Jacob PassyMay 6 -
Nationstar Mortgage Holdings swung to a significant loss as the servicing segment's income fell due to higher prepayments amidst the decline in interest rates and lower benefits.
By Jacob PassyMay 5 -
PNC outpaced all other banks and thrifts in net branch closures last quarter, according to data released by SNL Financial.
By Jacob PassyMay 4
