Craig Kolasinski has been named to the newly created post of executive vice president for business development of First Bank of Beverly Hills, the banking subsidiary of Beverly Hills Bancorp Inc., Calabasas, Calif.In his new role, Mr. Kolasinski will service the bank's real estate clients, handle special loan opportunities, and develop "an aggressive program of loan participations and co-venturing with other lending institutions," the parent company said. The bank also announced that Eric Rosa, formerly the chief lending officer of ChinaTrust Bank (U.S.A.), has been hired as executive vice president and chief lending officer. Beverly Hills Bancorp can be found on the Web at http://www.bhbc.com.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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