Iberiabank Corp., Lafayette, La., is changing the name of its Little Rock, Ark.-based banking and mortgage operations to reflect the parent company. Effective May 4, Pulaski Bank and Trust Co. will become Iberiabank FSB, while Pulaski Mortgage Co., will become Iberiabank Mortgage Co. Pulaski was acquired in January 2007. The company has recently recruited commercial banking teams in Baton Rouge, La., Memphis, Mobile, Ala., New Orleans and Houston. It intends to open full-service offices in Mobile and Houston under the Iberiabank FSB name. Daryl G. Byrd, president and chief executive, said, "Expanding our company under the thrift charter also allows us tremendous flexibility to grow quickly and with great ease into new markets."
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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.
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As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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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.
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New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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.
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The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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