Columbia Banking System expects loan growth in the low or mid-single digits this year, executives said Tuesday. The high interest rates coupled with the strong production of the bank’s retail, consumer and commercial facilities are expected to increasing unpaid loans at the Tacoma, Wash. bank. “Our banks are seeing a lot of opportunity, and this … Read more
Glen Messina, president and CEO of Ocwen Financial, is adding the title of chair of the special committee immediately, the company announced. Phyllis Caldwell is a former Treasury official who served as Ocwen’s non-executive chair. since February 2016plans to remain on the board and seek re-election as an independent director at the next annual meeting. … Read more
The regulatory problems will not hinder the purchase by the Intercontinental Exchange of Black Knight, said the analysts at Keefe, Bruyette and Woods after a discussion with the directors at Boston Consulting Group. “The discussion reaffirmed our positive views regarding several aspects of the proposed transaction, including: 1) the transaction has a greater than 50% … Read more
The expected decrease in mortgage activity will further strengthen the business environment, but home buyers will enjoy the collateral damage in the form of lower housing prices, said a leader. the Rocket Company. Sky-high home values in the US will fall by 5% this year, according to a December study by Fitch Ratings. Meanwhile, industry … Read more
More than three years after the merger that created Truist Financial legally shut down, the Charlotte, North Carolina-based company said it has raised the last of its investment funds and checked all the boxes in its long-term partnership. i- make lists. But this year’s ongoing change in the execution process includes one question that remains … Read more
Two Connecticut credit unions are planning a merger that will result in an organization with 20,000 members and more than $150 million in assets. The $104 million-asset Finex Credit Union in East Hartford has plans to merge with the $52 million-asset First Connecticut Credit Union in Wallingford. The expected date of approval will be in … Read more