Imperial Capital Bank, La Jolla, Calif., is opening a flagship branch in downtown San Diego and expanding its Imperial Capital Express division into Phoenix, Atlanta, and Austin, Texas.The San Diego branch will provide commercial and multifamily real estate loans to downtown San Diego businesses and area residents. ICB, a subsidiary of ITLA Capital, is closing down another San Diego branch in January 2004, the bank said. The new ICB offices are expected to expand the marketing of the company's loan products across the "sunbelt states," including Arizona, New Mexico, Texas, the Carolinas, Georgia, and Florida. The division specializes in multifamily real estate loans up to $2 million and started its operations in Santa Monica, Calif., in April 2002.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
5h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
10h ago -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
10h ago -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
11h ago -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
11h ago