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FBC Mortgage, a unit of the investment bank Sterne Agee Group, is seeking loan referral partnerships with community banks. In a recent deal it also hired HomeBanc's mortgage personnel.
March 11 -
Thomas Depping would have been content to keep making small-business loans through his Houston-area bank, but regulatory pressure led him to give up his charter and form a nonbank lender with the same business model.
March 10 -
The finance industry faces a steep, uphill battle in trying to convince the Consumer Financial Protection Bureau that the long-standing use of arbitration agreements is beneficial for consumers.
March 10
HomeBancorp in Tampa, Fla., has raised $16.5 million in capital.
The parent of the $905 million-asset HomeBanc plans to use the funds for "additional opportunities to enhance profitability and shareholder value," Chairman, President and Chief Executive Jerry Campbell said in a press release. HomeBanc raised the money from New York investment firm Tricadia Capital Management.
HomeBanc has branches in central and western Florida, mainly around Tampa and St. Petersburg.
