Tag : Loan Portfolio

Pepper Money to Acquire HSBC’s Mortgage Portfolio in New Zealand
Mortgage News

Pepper Money to Acquire HSBC’s Mortgage Portfolio in New Zealand

Fintech News Desk
by Fintech News Desk0
Pepper Money Limited announces that it has entered into a binding agreement to acquire the New Zealand prime residential mortgage portfolio of The Hongkong and Shanghai Banking Corporation Limited (HSBC), a wholly owned subsidiary of HSBC Holdings plc. The transaction is anticipated to complete in late November 2023 and is......
Finance News

First Citizens Bank Acquires $123 Million Maritime Portfolio for Greece Vessels

PR Newswire
by PR Newswire0
First Citizens Bank announced that its Maritime Finance group, part of the CIT division, has successfully completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece. The loan portfolio, which was acquired from HSBC Bank Plc, covers 11 financings involving 14 vessels and eight......
Kennedy Wilson Acquires First Tranche of $5.7 Billion Loan Portfolio From Pacific Western Bank
debt collection Investment Services News

Kennedy Wilson Acquires First Tranche of $5.7 Billion Loan Portfolio From Pacific Western Bank

Business Wire
by Business Wire0
Off-market transaction will expand Kennedy Wilson’s national footprint and debt investment platform by initially adding over $2 billion to fee-bearing capital Representing one of the first significant real estate debt transactions in this market cycle, global real estate investment company Kennedy Wilson has closed on the initial tranche of loans as......
LendingClub Acquires $1 Billion Personal Loan Portfolio
Banking Finance News

LendingClub Acquires $1 Billion Personal Loan Portfolio

Fintech News Desk
by Fintech News Desk0
Seasoned, Quality Portfolio to Support Growth in Recurring Revenue LendingClub Corporation announced an agreement to acquire a $1.05 billion loan portfolio. The portfolio consists of personal loans that were originated through LendingClub’s marketplace and will support its growing revenue stream of recurring net interest income. The personal loans were previously acquired by......
MainStreet Bank Promotes Tom Floyd to Chief Lending Officer
Lending News

MainStreet Bank Promotes Tom Floyd to Chief Lending Officer

Fintech News Desk
by Fintech News Desk0
MainStreet Bank Promotes Tom Floyd to Chief Lending Officer MainStreet Bancshares, Inc., the holding company for MainStreet Bank, announced it has promoted Tom Floyd to Chief Lending Officer, entrusting him with strategic leadership over a growing loan portfolio that currently exceeds $1.4 billion. Floyd, who joined the $1.8 billion-asset bank in 2017, was previously......
Oklahoma Community Bank Selects Fintech to Expedite Lending Process
Banking Lending News

Oklahoma Community Bank Selects Fintech to Expedite Lending Process

Fintech News Desk
by Fintech News Desk0
First Texoma National Bank Partners with Teslar Software to improve the lender and borrower experience First Texoma National Bank and Teslar Software announced their partnership to enhance the bank’s commercial lending processes. The Durant, Okla.-based bank will leverage Teslar’s lending process automation platform to create new efficiencies, improve reporting and manage the......
MainStreet Bancshares, Inc. Reports Strong Net Income as Interest Rates Rise
Banking News

MainStreet Bancshares, Inc. Reports Robust Loan and Net Income Growth

Fintech News Desk
by Fintech News Desk0
MainStreet Bancshares, Inc., the holding company for MainStreet Bank, reported robust net income for the first quarter of 2022, said it is positioned favorably for rising interest rates, and previewed business developments at its Avenu Banking-as-a-Service (BaaS) subsidiary. Net income totaled $5.4 million for three months ended March 31, 2022. Net interest income......
State Bank of Texas Ranks as Top-Performing Community Bank in Nation
Banking News

State Bank of Texas Ranks as Top-Performing Community Bank in the Nation

Fintech News Desk
by Fintech News Desk0
Recognition among all community banks between $100 million and $10 billion in assets State Bank of Texas, the nation’s leader in hospitality lending, is reporting its 2021 year-end results with a net profit of $50 million and total assets of $1.35 billion. The bank’s Return on Average Assets (ROAA) is......
The Bank of Åland Will Transfer Most of Its Swedish Mortgage Portfolio to Borgo AB
Banking Mortgage News

The Bank of Åland Will Transfer Most of Its Swedish Mortgage Portfolio to Borgo AB

Fintech News Desk
by Fintech News Desk0
On January 20, 2022, the Board of Directors of the Bank of Åland (Ålandsbanken) decided to carry out the transfer of most of the Bank’s Swedish mortgage portfolio and previously issued Swedish covered bonds to the Swedish company Borgo AB. This transaction is subject to approval by the Financial Supervisory......
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