CRE

People’s United Financial in Bridgeport, Conn., has dismissed three employees in the wake of alleged fraud on commercial real estate loans.

Presuming that medium-sized banks that offer hedging products face added interest-rate-risk fears misses the full story.

Los Angeles-based marketplace lender AssetAvenue has named a new chief executive.

Recent industry’s analysis of the credit market is too good to be believed or sustained, which should raise red flags for everyone.

Cullen/Frost Bankers will consolidate about 175 employees at a new office tower in Fort Worth, Texas, for which it will also be the anchor tenant.

Old National said that by owning the branches instead of leasing them, it would have greater control of the properties, classify the branches as assets on its balance sheet and become more efficient.

Kabbage is one of many nonbank lenders looking to partner with traditional financial institutions. But the firm is facing a tough sell with bankers who worry about the risks associated with ceding control of the loan-underwriting process.

Banc of California in Irvine has agreed to buy a Santa Ana office building for $77 million for its headquarters.

Money360, a marketplace lender that focuses on commercial real estate, has hired mortgage industry veteran Gary Bechtel as its president.

Associated Banc-Corp in Green Bay, Wis., has promoted a longtime executive to Milwaukee market president.