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Financial Services News

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  • South Florida businessman accused of $27M penny stock fraud agrees to proposed judgment
    by Ashley Portero on June 18, 2019 at 6:50 pm

    He was among a group of individuals and companies, including billionaire Phillip Frost, who allegedly participated in a penny stock "pump and dump" scheme. […]

  • Navy Federal promotes new execs to the C-suite
    by Andy Medici on June 18, 2019 at 6:45 pm

    Vienna-based Navy Federal Credit Union has made some changes in its executive suite, with a new chief financial officer and chief lending officer at the world's largest credit union. Former Senior Vice President for Financial Operations Debbie Freeman has been named chief financial officer, replacing former CFO Vincent Pennisi, according to a Tuesday announcement. Pennisi in turn will move to chief lending officer, where he will replace David Tillery. Tillery is retiring, according to Navy Federal. T […]

  • Fast-growing company to expand Gahanna HQ, hire 130
    by Tristan Navera on June 18, 2019 at 6:34 pm

    Collections group Reliant Capital Solutions LLC has purchased 600 Cross Pointe Road, a 15,000-square-foot building next to its existing headquarters at 670 Cross Pointe Road. […]

  • ServisFirst Bank expands into Southwest Florida market
    by Crystal Owens on June 18, 2019 at 6:01 pm

    ServisFirst Bank, a subsidiary of ServisFirst Bancshares, is expanding into the Southwest Florida market with the hiring of five local bankers. The team will work out of the bank’s Sarasota loan production office, with an anticipated permanent location to be determined by Aug. 1, according to Krista Conlin Robinson, spokeswoman for ServisFirst (NASDAQ: SFBS). Mario Bringas will serve as the president for the newly formed Southwest Florida market. He will be joined on the leadership team by […]

  • Sidewalk Film Festival lands $100,000 donation from Regions Bank
    by Stephanie Rebman on June 18, 2019 at 5:53 pm

    Sidewalk Film Festival received a boost from a Birmingham-based business. Regions Bank increased its capital campaign pledge from $100,000 to $200,000, moving the nonprofit one step closer to the finish line on its new film center with two 100-seat theaters downtown in the Pizitz on Second Avenue North. In addition, the bank agreed to be title sponsors for the upcoming 21st annual Sidewalk Film Festival on Aug. 19-25. According to Sidewalk Executive Director Chloe Cook, to date, $4,434,322 million […]

  • Meet our 2019 Best in Finance (GALLERY)
    on June 18, 2019 at 5:30 pm

    These 25 Louisville-area professionals help drive important business decisions that impact their organizations' bottom line. […]

  • Mortgage industry leader helms fintech security company
    by Kennedy Rose on June 18, 2019 at 5:29 pm

    Mortgage lending industry veteran Regina M. Lowrie is dipping into fintech with a new transactional security company. Lowrie, former chairperson of the Mortgage Bankers Association, is now president and CEO of fintech company Dytrix — a cloud-based app created to help prevent wire fraud and business email compromise. Business email compromise is a form of scamming where business emails are intercepted and information or money is taken by scammers. The FBI reported nearly $3 billion in losses […]

  • Amazon and Google: Tech giants grab NYC land in very different ways
    by Anthony Noto on June 18, 2019 at 5:27 pm

    One is celebrated. The other is mired in controversy. Here's why. […]

  • NBA legend Tony Parker joins Minneapolis-based wealth-management firm
    by Patrick Rehkamp on June 18, 2019 at 4:37 pm

    Tony Parker, the retired San Antonio Spurs legend, has put down the basketball and picked up a briefcase. NorthRock Partners announced Tuesday that Parker has joined the wealth-management firm as president of its athletes, artists and entertainers division, according to a release. Parker previously was a client of Minneapolis-based NorthRock. His first day is Tuesday and he'll eventually be working out of the new San Antonio office when it opens, though the timing of that opening isn't set yet, […]

  • Mortgage industry leader helms fintech security company
    by Kennedy Rose on June 18, 2019 at 4:34 pm

    Mortgage lending industry veteran Regina M. Lowrie is dipping into fintech with a new transactional security company. Lowrie, former chairperson of the Mortgage Bankers Association, is now president and CEO of fintech company Dytrix — a cloud-based app created to help prevent wire fraud and business email compromise. Business email compromise is a form of scamming where business emails are intercepted and information or money is taken by scammers. The FBI reported nearly $3 billion in losses […]