David D. Landry has been named executive vice president in charge of wholesale lending at First Bankers Mortgage Services Inc.
Mr. Landry was hired away from BankAmerica Mortgage, where he was in charge of wholesale lending in the Northeast. At First Bankers, he will manage the company's existing southeastern business and its planned expansion to the entire East Coast.
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The increasing adoption of virtual card payments by accounts payable departments has created an unexpected complication for suppliers: more friction in the processing, posting and reconciliation of payments and receivables.