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Tag: Banking

iEmergent joins ACUMA to brings actionable mortgage market intelligence to credit unions, boost loan originations

DES MOINES, Iowa /Massachusetts Newswire - National News/ -- iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, announced it has joined the American Credit Union Mortgage Association (ACUMA) as an affiliate member. Since its founding nearly a quarter century ago, iEmergent has worked with credit unions and other lenders to identify missed mortgage opportunities and close gaps in market coverage.

Matrix Capital Markets Group Advises on Sale of Hicks Oils’ Lubricants Business to Schaeffer Manufacturing

RICHMOND, Va. /Massachusetts Newswire - National News/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Hicks Oils & Hicksgas, Incorporated ("Hicks" or the "Company") on the sale of its Hicks Oils lubricants business to Schaeffer Manufacturing Company ("Schaeffer"). Hicks Oils is a premier independent lubricant blending and packaging business in southern Illinois that produces automotive and industrial lubricants.
Matrix Capital Markets Group

Matrix Capital Markets Group Advises on the Sale of Eastern Sierra Propane to Ferrellgas Partners (OTC:FGPR)

BALTIMORE, Md. /Massachusetts Newswire - National News/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Eastern Sierra Propane ("Eastern Sierra" or the "Company") on its sale to Ferrellgas Partners, L.P. (OTC: FGPR) ("Ferrellgas"). The Company is one of the premier propane retailers in the Eastern Sierra Nevada mountain range, serving both residential and commercial customers.

Matrix Capital Advises on Sale of Bobby Taylor Oil Co to Parker Oil Company

RICHMOND, Va. /Massachusetts Newswire - National News/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces the successful closing on the sale of Bobby Taylor Oil Company, Inc. and T&S Transport, Inc. ("BTOC" or the "Company") to Parker Oil Company Incorporated. Based in Fayetteville, North Carolina, BTOC is a leading supplier of retail propane, commercial refined fuels, and racing gas to a diverse customer base of residential and commercial accounts throughout the state of North Carolina.

Matrix Capital Markets Group Announces Sale of Santmyer Companies’ Convenience Retail and Branded Dealer Wholesale Businesses

RICHMOND, Va. /Massachusetts Newswire - National News/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Santmyer Companies, Inc. ("Santmyer" or the "Company") on the sale of its Red Rover convenience retail stores to Par Mar Oil Company and its branded dealer wholesale business to Countywide Petroleum Company (subsidiaries of Croton Holdings Co.). Santmyer is a leading privately-owned and family operated full-service distributor whose primary offerings include diesel, gasoline, propane, lubricants, diesel exhaust fluid and logistics services.

Matrix Capital Markets Group Announces Successful Sale of Day Motor Sports, LLC

BALTIMORE, Md. /Massachusetts Newswire - National News/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of Day Motor Sports, LLC ("Day Motor Sports" or the "Company") to Chief Executive Officer Dan Hamilton and Chief Financial Officer Stacy Hamilton. Prior to the sale, Day Motor Sports was owned by funds managed by Gen Cap America, Inc. ("Gen Cap"), a private investment firm headquartered in Nashville, Tennessee.

Matrix Capital Markets Group Announces the Successful Sale of Coborn’s, Inc.’s Holiday Franchised Fuel and Convenience Stores

RICHMOND, Va. /Massachusetts Newswire - National News/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Coborn's, Inc. ("Coborn's" or the "Company") on the sale of its 14 Holiday franchised fuel and convenience stores and one developmental site to Holiday Stationstores, LLC.

Matrix Capital Markets Group Announces the Successful Sale of Springer Eubank Company, Inc.

RICHMOND, Va. /Massachusetts Newswire - National News/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Wilmington, NC-based Springer Eubank Company, Inc. and its affiliates ("Springer Eubank" or the "Company") on the sale of the Company's assets including the travel center & convenience & gas division ("TC&G Division") and its delivered fuels and fuel transport divisions to an affiliate of Petroleum Marketing Group, Inc.

Affinity Plus Selects LenderLogix QuickQual to Improve Transparency and Responsiveness During Borrowers’ Home Search

BUFFALO, N.Y. /Massachusetts Newswire - National News/ -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, today announced that Minnesota-based Affinity Plus Federal Credit Union (Affinity Plus) has selected its pre-approval letter generation tool QuickQual to provide borrowers with a white-labeled, digitally-driven entry point into their homebuying experience.

Flanagan State Bank, headquartered in central Illinois, selects Dovenmuehle to subservice its mortgage loan portfolio

LAKE ZURICH, Ill. /Massachusetts Newswire - National News/ -- Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced today that Flanagan State Bank, a community bank headquartered in central Illinois, has selected Dovenmuehle to subservice its mortgage loan portfolio and deliver enhanced service to the bank's mortgage customers.

Northwest Bank selects LenderLogix FeeChaser payment processing platform to ensure compliant collection of upfront fees

BUFFALO, N.Y. /Massachusetts Newswire - National News/ -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced Northwest Bank has selected its payment processing platform Fee Chaser to ensure compliant collection of upfront fees and deliver borrowers a five-star digital experience.

Matrix Capital Markets Group Announces Sale of Vital Plastics, Inc. to Wolverine Capital

BALTIMORE, Md. /Massachusetts Newswire - National News/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of Vital Plastics, Inc. ("Vital Plastics" or the "Company"), a high-volume manufacturer and assembler of injection molded plastic products, to Wolverine Capital Partners ("Wolverine Capital").

Matrix Capital Announces Successful Sale of BeWell Network, LLC to H.E.R. Management, LLC

RICHMOND, Va. /Massachusetts Newswire - National News/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised BeWell Network, LLC ("BeWell" or the "Company") on its successful sale to H.E.R. Management, LLC. BeWell is a residential and outpatient behavioral health provider focused on the treatment of substance use disorder.

Nomis Solutions hires Amy Chase as its new SVP of Services

SAN FRANCISCO, Calif. /Massachusetts Newswire - National News/ -- Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announced that client success veteran Amy Chase has been tapped as Senior Vice President of Services. Chase will be responsible for leading implementations of Nomis Solutions and delivering ongoing services to existing clients.

CEO Teresa Bryce Bazemore, of FHLBank San Francisco, Named 2023 FWSF Financial Woman of the Year

SAN FRANCISCO, Calif. /Massachusetts Newswire - National News/ -- Financial Women of San Francisco (FWSF) today named Teresa Bryce Bazemore as the FWSF 2023 Financial Woman of the Year. Ms. Bazemore is the President and CEO of the Federal Home Loan Bank of San Francisco, whose mission is to provide its members with reliable access to low-cost liquidity, essential financial services and expertise, and resources for affordable housing and economic development.

Blaylock Van in NYC names Leonard Jones Executive Director of Municipal Banking, Public Finance

NEW YORK CITY, N.Y. /Massachusetts Newswire - National News/ -- Industry veteran Leonard Jones has been named Executive Director of Municipal Banking and Head of Public Finance for Blaylock Van, LLC, the nation's longest-continuously operating Black-owned investment firm. In this role, he will lead the firm's banking team and solutions for local and municipal government organizations with a focus on financial and risk management.

Nomis Solutions Featured in Tech Demo Super Session at 2023 Consumer Bankers Association Live Conference

SAN FRANCISCO, Calif. /Massachusetts Newswire - National News/ -- Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announces its sponsorship of the Consumer Bankers Association (CBA) annual conference, 'LIVE.' In addition to the sponsorship, Nomis will be one of 10 companies featured in CBA Live's Tech Demo Super Session. The session explores innovations from top financial service providers including Salesforce, Blend and Glia.

Alabama-based mortgage banker Barr Group Mortgage has completed the first eNote transaction through Click n’ Close’s non-delegated correspondent eNote program

ADDISON, Texas /Massachusetts Newswire - National News/ -- Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced that Alabama-based mortgage banker Barr Group Mortgage has completed the first eNote transaction through Click n' Close's non-delegated correspondent eNote program. Entities participating in the transaction include the registration of the eNote on the MERS® eRegistry (the mortgage industry's approved eNote system of record), Ameris Bank as Barr Group Mortgage's warehouse lender and DocMagic as the eClosing and eVault tech provider.

Johnathan Bant named Head of Client Relations for Canadian Financial Services Market at Nomis Solutions

TORONTO, Ontario /Massachusetts Newswire - National News/ -- Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announced industry veteran Johnathan Bant will serve as Head of Client Relations for Canada. In this role, Bant is responsible for leading Canadian engagements across Nomis' client portfolio as well as non-customer financial institutions (FIs) across the country.

Blaylock Van LLC Shares its 2022 Year-End Report: another year of diversity, deals, partnerships, and success

NEW YORK CITY, N.Y. /Massachusetts Newswire - National News/ -- In its year-end report spanning financials, deals, and community investment, Blaylock Van, LLC, the nation's longest continuously operating Black-owned investment banking firm, reported 23 percent growth in notional deal volume year-over-year, with 67 debt capital markets new issues representing nearly $186 billion notional. From 2018 to 2022, Blaylock Van's closed transactions increased by a CAGR of 23 percent and dealt notional value by 50%.

FCFCU Selects ACES Quality Management Software to Improve Consumer Loan Quality

DENVER, Colo. /Massachusetts Newswire - National News/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced that Financial Center First Credit Union (FCFCU) has selected ACES' flagship audit platform ACES Quality Management & Control® Software to support quality control (QC) audits for FCFCU's consumer lending channels.

ACES Quality Management Executives selected to speak at MBA 2022 RMQA Conference

DENVER, Colo. /Massachusetts Newswire - National News/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced Executive Vice President of Compliance Amanda Phillips and Executive Vice President of Operations Sharon Reichhardt have been selected to speak at the upcoming Mortgage Bankers Association's (MBA) Risk Management, Quality Assurance and Fraud Prevention Forum (RMQA) taking place September 11-13 in Nashville, Tenn.

Indiana-based Centier Bank is now equipped to receive eNotes from their warehouse clients through DocMagic’s eVault solution

TORRANCE, Calif. /Massachusetts Newswire - National News/ -- DocMagic, Inc., the premier provider of compliant loan document generation, automated regulatory compliance and comprehensive eMortgage services, announced that Indiana-based Centier Bank is now equipped to receive eNotes from their warehouse clients through DocMagic's eVault solution. The move positions Centier to secure more business as mortgage bankers increasingly adopt eClosing technology.

Logix Federal Credit Union chooses Mortgage Coach to enhance mortgage advisory service with interactive Total Cost Analysis loan presentations

IRVINE, Calif. /Massachusetts Newswire - National News/ -- Mortgage Coach, a borrower conversion platform empowering mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time, announced today that Logix Federal Credit Union (Logix) has rolled out Mortgage Coach to enhance the mortgage advisory service it provides to members.

Promontory MortgagePath endorsed by National Bankers Association for Digital Mortgage Fulfillment and POS Technology

DANBURY, Conn. /Massachusetts Newswire - National News/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC today announced the National Bankers Association (NBA) has endorsed its mortgage fulfillment services and proprietary point-of-sale technology, Borrower Wallet®.

New Jersey Bankers Association has officially endorsed Promontory MortgagePath mortgage fulfillment services

DANBURY, Conn. /Massachusetts Newswire - National News/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today the New Jersey Bankers Association (NJBankers) has officially endorsed its mortgage fulfillment services and proprietary point-of-sale technology Borrower Wallet®.

NAMMBA and Mortgage Coach expand partnership for 2022 to grow diversity, equity and inclusion in housing finance

IRVINE, Calif. /Massachusetts Newswire - National News/ -- Mortgage Coach, a borrower conversion platform empowering mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time, has expanded its relationship with the National Association of Minority Mortgage Bankers of America (NAMMBA).

Diversified financial services firm Blaylock Van, LLC supports diverse investors, pushes to Increase Women Investment Leaders

NEW YORK CITY, N.Y. /Massachusetts Newswire - National News/ -- Thinkzilla Consulting Group announced today: As the nation's longest continuously operating Black-owned investment firm, Blaylock Van, LLC recognizes and embodies the power of diverse, equitable and inclusive leadership. To further expand its commitment to DE&I and employee success, the firm aims to increase the number of women leaders in the company in 2022 and beyond.

Lender Price and Blend Announce Integration to Enhance User Experience for Digital Lending Process

PASADENA, Calif. /Massachusetts Newswire - National News/ -- Lender Price and Blend have partnered to provide an enhanced digital experience for both financial services firms and consumers. The integration couples Blend with Lender Price's FLEX Pricing product via APIs to provide custom pricing questions that will help match a consumer to the appropriate loan program and rate.

The Chelsea Groton Foundation Passes $5 Million in Giving Since Founding in Connecticut

GROTON, Conn. /Massachusetts Newswire - National News/ -- This fall, the Chelsea Groton Foundation provided $255,827 to 45 non-profit organizations from Connecticut and Rhode Island. The Foundation has given over $500,000 in grants in 2021 alone, and over $5 million to the community since its founding.

Promontory MortgagePath’s fintech solutions receive renewed ABA endorsement

DANBURY, Conn. /Massachusetts Newswire - National News/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced the renewal of its product endorsement by the American Bankers Association (ABA). Promontory MortgagePath combines extensive mortgage operations and compliance expertise with industry-leading mortgage technology to provide efficient, cost-effective mortgage processing and fulfillment services to lenders of all sizes.

Mortgage Coach integrates with Sales Boomerang, the mortgage industry’s top-rated automated borrower intelligence and retention system

IRVINE, Calif. /Massachusetts Newswire - National News/ -- Mortgage Coach, the borrower conversion platform empowering mortgage lenders to deliver clear mortgage advice and lending education with the interactive Total Cost Analysis (TCA) loan comparison, today announced an integration with Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system.

Infinity Financial Group announced recent role as financial advisor to Kinley Construction Group Stakeholder Buyout

DALLAS, Texas /Massachusetts Newswire - National News/ -- Infinity Financial Group announced its recent role as financial advisor to Kinley Construction Group, LTD. (KCG) during a majority purchase of its existing stakeholders. Jimmy Kinley, the newly-elected CEO of KCG, is now the firm's primary equity partner, along with his sister, Katherine Kinley and Rennie and Josh Crisafulli.
HomeBinder, Inc

NJ Lenders picks HomeBinder to improve long-term customer retention and referral partner relationships

BOSTON, Mass. /Massachusetts Newswire/ -- HomeBinder, a centralized home management platform that keeps homeowners connected with mortgage lenders, Realtors and other authorized professionals, today announced that NJ Lenders has selected HomeBinder to deliver a post-closing home management experience that improves customer retention and strengthens referral partner relationships.

Connecticut’s Chelsea Groton Bank Named Top Workplace for 6th Straight Year

GROTON, Conn. /Massachusetts Newswire - National News/ -- Chelsea Groton Bank was recently named a Top Workplace in Connecticut for the sixth consecutive year, and Michael Rauh, the Bank's President and CEO, was presented with this year's Leadership award, both in the midsize employer category (150-499 employees).

Chelsea Groton Bank Offers Free Business Seminars for Local Connecticut Entrepreneurs

GROTON, Conn. /Massachusetts Newswire - National News/ -- Chelsea Groton Bank kicks off their 5-week "Cultivating Great Business: Small Business Bootcamp" on October 5, 2021. The FREE small business series, designed for aspiring and established entrepreneurs, is offered through the Bank's financial education program, Chelsea University, in partnership with the Norwich Community Development Corporation (NCDC) and the Greater Norwich Area Chamber of Commerce (GNACC).

The Streets of Indian Lake lifestyle center in Hendersonville Welcomes new CHASE BANK Branch

HENDERSONVILLE, Tenn. /Massachusetts Newswire - National News/ -- U.S. Properties Group (USPG), owner of The Streets of Indian Lake lifestyle center in Hendersonville, Tennessee, announces the opening of the Chase Bank (Chase). Chase offers more than 4,700 branches and 16,000 ATMs nationwide.

NAMMBA Announces Partnership with Mortgage Capital Trading, Inc. (MCT)

ORLANDO, Fla. /Massachusetts Newswire - National News/ -- The National Association of Minority Mortgage Bankers of America (NAMMBA) announced today a partnership with San Diego based Mortgage Capital Trading (MCT®). The relationship is an important step in both company's efforts to affect positive change - addressing the housing needs of underserved communities as well as encouraging and developing a more diverse work force in the mortgage sector.

Connecticut’s Chelsea Groton Bank Launches Homebuyer Assistance Program for Persons with Documented Disabilities

GROTON, Conn. /Massachusetts Newswire - National News/ -- Chelsea Groton Bank is pleased to partner with the Connecticut Housing Finance Authority (CHFA) to help borrowers with documented disabilities to purchase their first home, through the Home of Your Own Program.

Barclays US Consumer Bank donates $200K to Pete du Pont Freedom Foundation

WILMINGTON, Del. /Massachusetts Newswire - National News/ -- The Pete du Pont Freedom Foundation has received an additional $200,000 from Barclays US Consumer Bank to support the statewide expansion of the Foundation's Equitable Entrepreneurial Ecosystem (E3). As part of the grant, $50,000 will be allocated to fund a comprehensive research study on Black and Brown entrepreneurs and their economic impact in Delaware.

Chelsea Groton Bank Approves $244K in Grants During Spring 2021 Giving Cycle, Passes $4.7M in Giving

GROTON, Conn. /Massachusetts Newswire - National News/ -- This spring, the Chelsea Groton Foundation provided $244,319 to 67 non-profit organizations from Connecticut and Rhode Island. Over 60% of the Foundation's approved funding went to organizations providing Health and Human Services, including critical needs such as healthcare, food, clothing and shelter.

Industrial Bank, Optus Bank are First MDIs, CDFIs in Promontory MortgagePath’s Minority-Owned Financial Institution Initiative

DANBURY, Conn. /Massachusetts Newswire - National News/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage fulfillment services, announced Industrial Bank and Optus Bank as the first participants in its initiative to support community development financial institutions (CDFIs) and minority depository institutions (MDIs).

Collaboration Between Atlantic Bay Mortgage and DocMagic’s Dedicated eClosing Team Bring Host of Unprecedented Industry Efficiencies

TORRANCE, Calif. /Massachusetts Newswire - National News/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, automated regulatory compliance, and comprehensive eMortgage services, announced that Atlantic Bay Mortgage Group®, a national independent mortgage banker, has successfully processed more than 10,000 paperless eClosings.

Chelsea Groton Bank reported impressive financial, educational, technical and community-based accomplishments at its 166th Annual Meeting

GROTON, Conn. /Massachusetts Newswire - National News/ -- Chelsea Groton Bank reported impressive financial, educational, technical and community-based accomplishments at its 166th Annual Meeting which was conducted over Zoom on Tuesday, April 27, 2021. President and CEO Michael Rauh presented the Bank's 2020 results to Bank officers, Board members and Corporators.

Promontory MortgagePath’s Mortgage Fulfillment Services endorsed by Oregon Bankers Association Subsidiary

DANBURY, Conn. /Massachusetts Newswire - National News/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage fulfillment services, announced today Synergy by Association, Inc., a wholly-owned subsidiary of the Oregon Bankers Association (OBA) has officially endorsed its mortgage fulfillment services and proprietary point-of-sale technology Borrower Wallet®.

Chelsea Groton Bank, in Partnership with NCDC and GNACC, Offers Free Online Business Seminars for Local Connecticut Entrepreneurs

GROTON, Conn. /Massachusetts Newswire - National News/ -- Chelsea Groton Bank kicks off their 8-week "CU Grow: Online Small Business Bootcamp" on April 1, 2021. The FREE small business series, designed for aspiring and established entrepreneurs, is offered through the Bank's financial education program, Chelsea University, in partnership with the Norwich Community Development Corporation (NCDC) and the Greater Norwich Area Chamber of Commerce (GNACC).

Chelsea Groton Bank Introduces Local Chelsea|LIVE Video Banking Team and New Ways to Connect in Connecticut

GROTON, Conn. /Massachusetts Newswire - National News/ -- Chelsea Groton Bank is pleased to introduce Chelsea|LIVE Video Banking, a new digital personal experience that gives members the flexibility to bank when, where and how it's most convenient.

Chelsea Groton Bank and Foundation Gave Record $1M in 2020

GROTON, Conn., Jan. 13, 2021 (SEND2PRESS NEWSWIRE) -- Last year, Chelsea Groton Bank and its Foundation provided more than $1 Million to non-profit organizations in our communities. The Foundation recently approved $405,820 in grants to 68 non-profit organizations from Connecticut and Rhode Island, which put the full year's giving total above the $1 Million mark for the first time ever. (*UPDATED*)

Community State Bank (CSB) Implements Fully Paperless eClosing Process with DocMagic’s Total eClose

TORRANCE, Calif., Nov. 23, 2020 (SEND2PRESS NEWSWIRE) -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Southeast Wisconsin-based Community State Bank has implemented its full suite of eClosing solutions to transform the bank's mortgage closing process, making it 100 percent digital.

Velocity Credit Union in Texas Provides Employees Paid Time Off to Vote Early

AUSTIN, Texas, Oct. 9, 2020 (SEND2PRESS NEWSWIRE) -- Velocity Credit Union understands the importance of voting. To remind its employees that their vote is their voice and to encourage them to use it, the financial institution has announced a company-wide perk: paid time off to vote.

Velocity Credit Union gives members free access to their FICO Scores

AUSTIN, Texas, Aug. 5, 2020 (SEND2PRESS NEWSWIRE) -- Velocity Credit Union credit card holders can now access their FICO Scores at no charge through monthly statements and online banking. FICO Scores will be refreshed on a quarterly basis and checking them will not affect credit ratings.

Arvest Bank to implement SimpleNexus mobile-first mortgage platform

LEHI, Utah, July 28, 2020 (SEND2PRESS NEWSWIRE) -- SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, today announced that more than 200 retail loan officers at Arvest Bank (Arvest) will soon begin offering borrowers and referral partners a more streamlined mortgage experience powered by SimpleNexus.

Independent Bankers Assoc. of Texas Announces Promontory MortgagePath as Its Newest Endorsed Service Provider

AUSTIN, Texas, July 27, 2020 (SEND2PRESS NEWSWIRE) -- The Independent Bankers Association of Texas (IBAT) is pleased to announce that Promontory MortgagePath, LLC (PMP) has been selected as the newest IBAT Endorsed Service Provider for its ability to deliver a tailored, modern and cost-effective set of mortgage solutions.

Centier Bank Optimizes Workflow for Incentive Compensation with LBA Ware CompenSafe

MACON, Ga., June 16, 2020 (SEND2PRESS NEWSWIRE) -- LBA Ware, a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, today announced that Centier Bank (Centier), Indiana's largest private, family-owned bank, has implemented CompenSafe to automate incentive compensation for its residential lending department.

Bank of Southern California (BCAL) Funds More Than $487.8 Million in PPP Loans

SAN DIEGO, Calif., May 11, 2020 (SEND2PRESS NEWSWIRE) -- Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, announced today that it has funded more than $487.8 million in Paycheck Protection Program (PPP) loans. These results, as of 9:30 p.m. PDT on May 7, 2020, provided 1,940 local businesses affected by the Coronavirus (COVID-19) with critical financing to retain or restore jobs for 51,523 individuals.

OTC:BCAL – Bank of Southern California NA Announces 2020-Q1 Results and Response to Pandemic

SAN DIEGO, Calif., May 5, 2020 (SEND2PRESS NEWSWIRE) -- Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the first quarter ended March 31, 2020. Total assets increased to $852 million at March 31, 2020, up from $830 million in the prior quarter and an increase of 10.8% compared to March 31, 2019.

Bank of Southern California, N.A. (OTC BCAL) and CalWest Bancorp, the Holding Co for CalWest Bank, Announce Changes to Merger

SAN DIEGO and RANCHO SANTA MARGARITA, Calif., April 29, 2020 (SEND2PRESS NEWSWIRE) -- Bank of Southern California, N.A. (OTC Pink: BCAL) and CalWest Bancorp (OTCBB: CALW), today announced that they have renegotiated the terms of their merger and have agreed to amend the initial Definitive Agreement announced on October 21, 2019 following shareholder meetings held on April 22, 2020.

Alpine Bank Selects CompenSafe by LBA Ware for Accurate and Scalable Compensation Plan Management

MACON, Ga., March 26, 2020 (SEND2PRESS NEWSWIRE) -- LBA Ware™, a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, announced that full-service community bank Alpine Bank has implemented CompenSafe™ to automate incentive compensation for its mortgage loan originators and fulfillment staff.

TCF Bank Renews Partnership for 2020 with Michigan Chronicle to Invest $100K in Detroit Students and Educators

DETROIT, Mich., Feb. 25, 2020 (SEND2PRESS NEWSWIRE) -- TCF Bank announced today that it will renew its partnership with the Michigan Chronicle to provide scholarships to Detroit high school seniors through the Michigan Chronicle/TCF Bank S.W.A.G. (Students Wired for Achievement and Greatness) Scholarship Awards. For 2020, the bank will award scholarships between $5,000 and $20,000 per student to 15 awardees.

GreenState Credit Union Drives First-Lien Mortgage Production with SimpleNexus

LEHI, Utah, Feb. 18, 2020 (SEND2PRESS NEWSWIRE) -- SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers and real estate agents, announced that loan officers (LO) at GreenState Credit Union (GreenState) are using the SimpleNexus digital mortgage app to achieve record first mortgage production.

Allegent FCU steps up to Reese’s Peanut Butter Cup TV Spot Challenge, Cranberry Twp., Pennsylvania

WEXFORD, Pa., Jan. 31, 2020 (SEND2PRESS NEWSWIRE) -- Capturing the buzz of a current Hershey's Reese's Peanut Butter commercial spot - Allegent FCU actually sells Reese's Peanut Butter Cups at a financial institution! The Hershey Company's branded Reese's spot teased the Federal Credit Union into accepting the challenge and partnering with Reese's in fulfilling the commercial spot's thought: that Reese's are "sold literally everywhere business is done, I'm pretty sure you could buy them at a bank."

Velocity Credit Union commits to downtown Austin Texas with construction of its new branch

AUSTIN, Texas, Jan. 29, 2020 (SEND2PRESS NEWSWIRE) -- Velocity Credit Union, a fixture of the Austin financial scene since 1947, has begun site preparation for its new branch office in downtown Austin. To be located on the southeast corner of 12th and Sabine Streets, the new facility is being built immediately across Sabine Street and just to the east of Velocity's current downtown location (610 E. 11th Street).

Bank of Southern California (OTC:BCAL) Announces Fourth Quarter and Year End 2019 Results

SAN DIEGO, Calif., Jan. 29, 2020 (SEND2PRESS NEWSWIRE) -- Bank of Southern California, N.A. (OTC Pink: BCAL) today reported results for the fourth quarter ended December 31, 2019. Total assets ended the year at $830 million at December 31, 2019, an increase of 8.1% compared to December 2018. Total loans increased 6.6% to $677 million and total deposits increased 7.0% to $672 million compared to the prior year as well.

Bank of Southern California (PINK:BCAL) Completes Capital Offering and Plans to Form Holding Company

SAN DIEGO, Calif., Dec. 16, 2019 (SEND2PRESS NEWSWIRE) -- Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS: BCAL), a community business bank headquartered in San Diego, announced today the successful completion of a capital raise of approximately $12 million through the issuance of common stock in a private placement to institutional and accredited individual investors at a price of $12 per share. The Bank also announced its plans to reorganize into a holding company, Southern California Bancorp.

Mid America Mortgage Executives to Speak at Upcoming MBA, ALTA Events

ADDISON, Texas, Nov. 26, 2019 (SEND2PRESS NEWSWIRE) -- Mid America Mortgage, Inc. (Mid America) announced today that two of its executives will be sharing their expertise at upcoming events for the Mortgage Bankers Association (MBA) and the American Land Title Association (ALTA), respectively.

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