Charlotte-based Tree.com, the parent company of LendingTree, said Thursday it plans to repurchase up to $15 million of its common stock. The stock will be bought for $7.25 to $7.75 per share. The company said it will have to determine ...Read More »
Banking and Finance
Lincolnton-based Carolina Trust Bank has announced a public offering of up to 1.8 million shares of its common stock. The bank, which has six branches in Denver, Gastonia, Lincolnton and Vale, could sell up to 270,000 additional shares as part of the offering. ...
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Charlotte-based Park Sterling Bank said it has hired Nancy Foster as chief risk officer. Foster, who is also director of the Risk Management Association in Philadelphia, has served as chief risk officer at New York-based CIT Group and held various positions for ...Read More »
Bloomberg is reporting today that Bank of America will be downgraded by the bond market following investigations of the bank’s foreclosure processes. According to Moody’s Corp.’s capital markets research group, prices of the bank’s credit-default swaps imply that the debt ...
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As more of the country’s biggest financial institutions and mortgage lenders are pulled into the ongoing controversy involving questionable foreclosure processes, many predict the situation could have a chilling effect on the country’s already battered economy and real estate market. ...
Tagged with: Bank of America Charlotte Regional Realtor Association Cottingham Chalk Hayes Dan Frahm Eric Locher Jennifer Frontera Richard Buttimer Roy Cooper University of North Carolina at Charlotte Wanda Smith & AssociatesRead More »
After receiving a letter this week from the North Carolina attorney general asking the company to suspend foreclosures, Charlotte-based Bank of America today said it will stop foreclosure sales in all 50 states. “Bank of America has extended our review ...Read More »