Monthly Archives: June 2014

Former NFL Player Arraigned On Drug Charges

Posted by & filed under Miscellaneous Financial.

DANBURY A Newtown man, who is a former National Football League player, pleaded not guilty on June 17 in Danbury Superior Court to two counts of illegal sale of narcotics. Those charges stem from a US Drug Enforcement Administration (DEA) investigation into the mans alleged sale of potent prescription painkillers at his home in April […]

Auction.com to stop selling residential loans

Posted by & filed under Commercial Loans.

The company, which made a name selling distressed properties after the financial crisis, came under fire last year in connection with a lawsuit over RMBS loans sold on the site. RMBS bondholders sued Nationstar Mortgage Holdings for selling roughly US$150m in soured securitized home loans on Auction.com without notifying them. But Sharga told IFR that […]

Commercial Bancshares: Mighty Little Bank Meaningfully Undervalued (CMOH)

Posted by & filed under Commercial Loans.

Searching through the micro-cap space we continue to uncover highly profitable commercial banks that continue to go unnoticed, leaving them extremely undervalued but for no real good reason. Market caps are so small that many institutional investors are unable to own these banks while retail investors recency bias towards disliking anything financial has left plenty […]

UCB closes on deal with Columbia-based commercial lender

Posted by & filed under Commercial Loans.

United Community Banks Inc. announced Friday the closing of its acquisition of Business Carolina Inc., a Columbia-based commercial lender. The Blairsville, Ga. company said the deal includes approximately $25 million of loans, $6 million of other assets and substantially all of Business Carolina’s employees. “We are pleased to welcome the customers and employees of BCI […]

Are auto loans a subprime crisis in the making?

Posted by & filed under Commercial Loans.

The New York attorney general filed a securities fraud lawsuit against British bank Barclays, accusing the firm of giving an unfair advantage to high-frequency traders in the US, while claiming to protect other clients from the HFTs. Its the highest profile case weve seen yet, according to Reuters, as a result of authorities attempts to […]

Credit cards compromised at Providence Park concession?

Posted by & filed under Credit.

Providence Park, home of the Portland Thorns and Portland TImbers (KOIN 6 News) Related Coverage Card skimmers at Washington County post offices? Card skimmers target Kelso gas station PORTLAND, Ore. (KOIN 6) — If you’ve bought something from the concession at a Thorns or Timbers game lately, you might want to check your bank statements. […]

Florida Commnuity Bank files IPO

Posted by & filed under Commercial Loans.

Its holding company, formerly known as Bond Street Holdings, filed a registration statement with the US Securities and Exchange Commission to list Class A Common Stock on the New York Stock Exchange under the trading symbol FCB. However, the holding company did not list the range of initial stock prices. Florida Community spokeswoman Isa Andrews […]

FirstKey Lending Launches Commercial Real Estate Lending Program

Posted by & filed under Commercial Loans.

NEW YORK, June 26, 2014 /PRNewswire/ –FirstKey Lending, LLC, a leading provider of financing for investors in one- to four-family rental properties, has introduced FirstKey Commercial, its new commercial real estate lending program. Building on the success of its one- to four-family rental finance business, with the launch of FirstKey Commercial, FirstKey Lending, LLC will […]

Vancity offers alternative to payday loans

Posted by & filed under Payday Loans.

A new alternative to payday loans officially launched by Vancity on Tuesday could make a big difference in the lives of people living from paycheque to paycheque, according to an official with Family Services of Greater Vancouver. Tulia Castellanos, director of strategic community engagement, said the Vancity program will be charging so much less in […]

Torrington Savings Bank offering commercial loans

Posted by & filed under Commercial Loans.

TORRINGTON — Torrington Savings Bank is now offering commercial loans as part of a long-term plan to expand its services, a bank official said Monday. We determined, as the strongest bank in northwest Connecticut, it was time to deploy some of this excess capital we have and use it to strengthen the communities, Jeffrey Lalonde, […]