twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.


Bank Executives Trade Employers

Recent bank executives activity

Nov. 3, 2010

By COCO SALAZAR MortgageDaily.com


Recent bank appointments include a president, a chief credit officer and several other management positions. Bank of America Corp. picked up a former state attorney and a former federal attorney.

Bank of America's foreclosure litigation team now includes Brian Boyle, former principal deputy associate attorney general of the U.S. Department of Justice, and former Virginia attorney general Richard Cullen, Reuters reported. Boyle, a partner of O'Melveny & Meyers LLP, has previously represented BoA, obtaining dismissal of litigation by investors requesting that the bank rebuy mortgages impacted by an AG's settlement involving subprime lending, Main Justice reported.

Boyle's successes additionally include the dismissal of claims by municipalities against subprime mortgage lenders and servicers relating to foreclosure economic consequences, according to the O'Melveny Web site.
Cullen is chairman of McGuireWoods LLP and was part of former President George W. Bush's legal team during the election recount in Florida, according to McGuireWoods' Web site.

Sterling Savings Bank named David DePillo as its new chief credit officer, Spokane, Wash.-based parent company Sterling Financial Corp. announced last week.

photo of Brian Boyle
O'Melveny & Myers photo of Brian Boyle

"David is well-regarded within the financial industry and is knowledgeable about our loan portfolio, having served in an advisory capacity in that regard," Sterling President and Chief Executive Officer Greg Seibly said in the announcement.

DePillo most recently served as the board vice chairman and previously president of California-based Fremont General Corp. and its Fremont Investment & Loan subsidiary. Prior to Fremont, the 25-year investment banker served executive capacities at Commercial Capital Bancorp Inc., Home Savings of America and Coast Federal Bank's mortgage banking subsidiary.

DePillo is credited with leading the development of one of the largest, western U.S. multifamily and commercial mortgage lending platforms while at Commercial Capital and directing the largest multifamily mortgage lending operation in the nation during his seven-year tenure through 1998 at Home Savings, according to the announcement.

A day prior to DePillo's appointment, the $10 billion bank holding company announced Robert Donegan as a new board director. Donegan previously served as a director of Golf Savings Bank from 2006 until it was acquired by Sterling Savings.

In Dubuque, Iowa, Heartland Financial USA Inc. announced Brian Fox as executive vice president of operations. Fox succeeds Edward Everts, who retired in October after 18 years with the $4 billion company.

The 35-year banking veteran previously served as executive vice president and chief risk officer of First Olathe Bancshares in Overland Park, Kan. Fox has managed various areas of banking operations, including mortgage banking, for firms up to $6.5 billion in assets, Heartland said.

Fidelity Bank announced John Merrill as its president, chief financial designer and chief lending officer. In the newly created position, the 28-year banking executive will lead all aspects of consumer, mortgage and commercial lending and is expected to expand business throughout Worchester and Central Massachusetts.

Prior to joining the $491 million, Leominster, Mass.-based bank, Merrill managed Sovereign Bank's Business Banking division, responsible for small- to medium-size-commercial customers from Maryland to New Hampshire. He has also served as a regional president for Fleet Bank, Fidelity said in the announcement.

photo of Martha Wilson
Cardinal photo of Martha Wilson

At Cardinal Bank, Martha Wilson was named assistant vice president, commercial lending, a role in which she is responsible for portfolio management and new relationship development, the Tysons Corner, Va.-based bank recently announced. She joined the $2.1 billion company in September from Virginia Commerce Bank, where she served as a credit administration assistant vice president.

Ann Finnegan joined Kinderhook Bank as vice president for commercial lending and development finance, the $240 million, Kinderhook, N.Y.-based bank recently announced.

Finnegan's 25-year experience includes her most recent position as chief financial manager for New York City's National Development Council and previous role of president of Grow America Fund.

next story

back to current headlines


Coco Salazar
has been covering the mortgage industry for MortgageDaily.com since 2003.

e-mail: [email protected]


Bank news

Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders