Dallas-based Texas Capital Bank cut its workforce Tuesday, just three weeks after its $5.5 billion merger with another Texas bank fell apart. An enhancement has been scheduled for our account opening platform on Thursday, February 23rd, starting at 8:00 PM CST to approximately 10:00 PM CST. Hell remain as vice chairman until the end of 2020 and receive $4.9 million in salary, bonuses and stock grants as part of the transition agreement. https://www.bizjournals.com/dallas/news/2020/06/17/texas-capital-bank-reduces-workforce.html. Between the first and second quarter of 2006 alone, mortgage repurchase requests also tripled thanks to shoddy underwriting that was prevalent during that era. Texas Capital Bank is a full-service bank headquartered in Texas. Cardinal Financial Company/Sebonic did 5 or 6 rounds of layoffs no including the 1st 2 rounds that started at Q4 2021. DTC sector was affected, unsure if any other sectors were as well. I was one of those affected. But instead of closing in mid-2020, the deal was called off, Cargill stepped down and Helm took over the day-to-day CEO duties. Your email address will not be published. I have 23 years in the mortgage fulfillment industry and that didnt save me from the layoff ax. Thanks. View our Corporate Social Responsibility Report, Educational opportunities for lifetime success, Supportive services for individuals, small businesses & veterans. They laid off over 100 people. Could you please remove some of the older components of the list? In an effort to reduce overhead, Kalamazoo MI based AmeriFirst Home Mortgage terminated approximately 45 people. How to Get a Mortgage: From Start to Finish. Angel Oak Home Loans (Retail, not wholesale) just laid off a bunch of people from all departments (Sales, UW, Processing, Closing, Management). Save my name, email, and website in this browser for the next time I comment. "We're not slowing, but the economy is," one executive said. Rocket Mortgage is consolidating heavily. The broader economic outlook continues to dim, but employment is picking up with stronger overall numbers and a longer workweek. Layoffs : Downsizing related discussion, postings, questions and answers. Texas Capital had a round of layoffs on Tuesday due to COVID-19. The collapse of the Sam Bankman-Fried's controversial crypto exchange changed consumers' view of digital assets. All rights reserved. Discover Home Loans shuts down Ditech sold reverse mortgage business to Mortgage Assets Management, LLC Ditech closed St. Paul office, let go of 210 employees Ditech closed Rapid City, SD call center, cut 450 jobs Ditech cut 79 jobs as it closes Kennesaw, Georgia facility Ditech exited retail channel, ~200 layoffs Ditech closed San Antonio office, 78 layoffs Ditech cut 103 jobs in St. Louis area Ditech closed Irving, TX office and laid off 437 employees Ditech 181 layoffs Ditech cut 120 jobs at Costa Mesa, CA headquarters Dollar Mortgage Corp. being acquired by Shearson Financial Network Domestic Bank shutting down wholesale unit Doral Bank En Espanol shut by FDIC Douglas County Bank shut by FDIC Dover Mortgage Company shutting wholesale mortgage division Dover Mortgage Co. cut 17 employees Downeast Mortgage Corp. to shut down Downey Savings shut down by the FDIC Downey Savings shut wholesale channel Draper and Kramer Mortgage merged with 1st Advantage Mortgage LLC DuPage National Bank closed by FDIC Dwelling House Savings and Loan Association shut by FDIC eBank shut down by FDIC E-Loan/Banco Popular Wholesale Mortgage to cease lending E-loan closed sub-prime wholesale division, layoffs E-Loan layoffs E-Trade exits wholesale mortgage business E-Trade to halt mortgage lending Earl Shilton building society (UK) halts mortgage lending Earthstar Bank shut by FDIC Eastern Financial Florida Credit Union put in conservatorship Eastside Commercial Bank shut by FDIC Edgebrook Bank shut by FDIC Edgewater Lending Group halts wholesale lending Edward Jones Mortgage shut down, 200+ possible layoffs Egg Mortgages (Citi-owned UK finance unit) no longer accepting applications Elizabeth State Bank shut by FDIC Ellie Mae acquired AllRegs Ellie Mae acquired MortgageCEO Empire Bancorp Mortgage Bankers shut down Encore Bank laid off 300 employees ECC Capital/Encore Credit sold to Bear Stearns, 100 layoffs announced Aug. 17 Encore Credit laid off 100 Account Executives at wholesale unit in Irvine, CA Encore Credit merging with Bear Stearns Residential Mortgage Enterprise Financial Services bought Gorman & Gorman Home Loans Entrust Mortgage closed Equibanc closed by Wachovia Equifirst shutting down Equifirst layoffs, bought out by Barclays Bank PLC EquiFirst cut 64 jobs in Arizona Equipoint halted wholesale lending, shut 70+ branches Equitable Mortgage merged into Flat Branch Home Loans Equitable Reverse Mortgage closed doors Equitable Trust Mortgage Corp. suspended by FHA Equity One (a unit of Popular Inc.) cut 147 jobs in Marlton, NJ Equity Title (owned by Coldwell Banker) layoffs Eurobank shut by FDIC Evansville Teachers FCU acquired First Liberty Financial Mortgage EverBank laid off 302 employees in Jacksonville EverBank Financial ceased wholesale lending, closed three operations centers in Dallas, Jacksonville, and Sacramento while cutting 150 jobs Evergreen Bank shut by FDIC Evergreen State Bank shut by FDIC Excel Bank shut by FDIC Exchange Financial temporarily discontinuing its Wholesale/Correspondent business eXp Realty reduced headcount by approximately 15% Expanded Mortgage Credit closed wholesale Express Capital Lending not accepting new submissions until further notice Family First Mortgage Corp. ceases operations, layoffs Fannie Mae 200 layoffs Fannie Mae consolidated three Dallas offices, possible layoffs Fannie Mae and Freddie Mac bailed out Farmers and Traders State Bank shut by FDIC Fayette County Bank shuttered by FDIC FBR Capital Markets cut 75 jobs FBR selling subprime unit Federal Home Loan Bank of Seattle merged with the Federal Home Loan Bank of Des Moines Federal Savings Bank acquired Baytree National Bank & Trust Fenway Summer merged with Ethos Lending Fidelity Bank shut by FDIC Fidelity Homestead Savings Bank purchased NOLA Lending Group LLC Fidelity National Financial to buy LandAmerica (large title companies) Fidelity National Financial terminated LandAmerica merger Fidelity National Information Services cut 35 jobs in Jacksonville Fidelity Trust Bank selling residential mortgage company Fidelity Trust Mortgage Inc. Fieldstone Mortgage bankruptcy Fieldstone Mortgage Co. halted new business, closed Las Vegas branch, layoffs Fifth Third Bank closed 44 Chicago-area branches Fifth Third Bank ceased wholesale mortgage lending Fifth Third Bank wholesale mortgage layoffs in Charlotte, NC as refinance demand wanes Fifth Third Bank 700 layoffs Fifth Third to discontinue Alt-A lending Finance America closed Finance of America acquired wholesale lending assets of Parkside Lending LLC Finance of America closed Roseville, CA office, 33 layoffs Finance of America Mortgage acquired Skyline Home Loans Financial Freedom cut 65 jobs in Irvine, CA office Financial Title Company closing, layoffs Firstar Bank acquired assets of Leader Mortgage First Advantage acquired CredStar First American Bank to cease wholesale lending First American Corp. (title insurer) layoffs at 1,900 First American Financial purchased Interthinx First American Title Insurance cut 116 jobs in Santa Ana, CA First Arizona Savings shut by FDIC FirstBank acquired Franklin Synergy Bank FirstBank sold correspondent lending unit to Rushmore Loan Management Services LLC FirstBank purchased wholesale mortgage division of StellarOne Corp. FirstBank to shut down wholesale mortgage division Oct. 31 FirstBank Financial Services shut down by FDIC FirstCity Bank shut down by FDIC FirstLine Mortgages (Canadas largest mortgage broker) stopped mortgage lending First Bancshares acquired The Mortgage Connection, LLC First BankAmericano shut by FDIC First Bank of Beverly Hills shut down by FDIC First Bank of Idaho shut down by FDIC First Bank of Jacksonville shut by FDIC First Bank of Kansas City shut down by FDIC First Banking Center shut by FDIC First Banks of St. Louis bought Coast Bank First California Mortgage Company shut down, layoffs First Capital Bank shut by FDIC First Centennial Bank shut down by FDIC First Cherokee State Bank shut by FDIC First Choice Bank shut by FDIC First Choice Community Bank shut by FDIC First Choice Loan Services, Inc. ceased operations, for sale First Collateral Services (Citi) 126 layoffs First Collateral Services (Citi) cut 150 jobs First Commerce Community Bank shut by FDIC First Commercial Bank shut by FDIC First Commercial Bank of Florida shut by FDIC First Commercial Bank of Tampa Bay shut by FDIC First Community Bancorp layoffs First Community Bank shut by FDIC First Community Bank of Southwest Florida (Community Bank of Cape Coral) shut by FDIC First Community Mortgage (FCM) acquired a Mortgage Boutique (AMB) First CornerStone Bank shut by FDIC FirsTier Bank shut by FDIC First Consolidated Mortgage Co. subprime wholesaler shutting down, in dispute First Coweta Bank shut down by FDIC First Direct Lending stopped accepting applications First DuPage Bank shut down First East Side Savings Bank shut by FDIC First Federal Bank shut by FDIC First Federal Bank of California halted wholesale lending First Federal Bank of California shut by FDIC First Federal Bank of North Florida shut by FDIC First Fidelity Financial closed its doors First Financial Bank buy 4Trust Mortgage First Franklin to be shut down, 650 layoffs First Franklin Financial layoffs, sold to Merrill Lynch First Franklin firings/layoffs rumored First Georgia Banking Company shut by FDIC First Georgia Community Bank shut down by FDIC First Guaranty Bank and Trust Company of Jacksonville shut by FDIC First Guaranty Mortgage Corp. acquired goodmortgage.com First Guaranty Mortgage Corp. cut 82 jobs in Frederick, MD First Heritage Bank shut by FDIC First Horizon shut down mortgage operations First Horizon cutting 1,500 jobs, closing 50 offices First Horizon National Corp. divested its subprime mortgage loan portfolio First Horizon discontinued national construction and commercial lending, 160 layoffs First Horizon to sell or shut down mortgage unit First Indiana Wholesale closed wholesale consumer lending operations First Integrity Bank shut down by FDIC First International Bank shut by the FDIC First Lowndes Bank shut by FDIC First National Bank of Crestview shut by FDIC First National Bank (Rosedale, MS) shut by FDIC First Madison Mortgage shut down First Magnus no longer funding or originating any mortgage loans First Mortgage Corp. shut down, Freedom Mortgage to acquire select assets/employees First National Bank shut by FDIC First National Bank of Arizona halts retail mortgage lending, 35 layoffs First National Bank of Danville shut by FDIC First National Bank of Davis shut down by FDIC First National Bank of Florida shut by FDIC First National Bank of Georgia shut by FDIC First National Bank of the South halts wholesale lending First National Bank of the South shut by FDIC First National Mortgage Sources shut down First NLC bankrupt, halts lending First NLC Financial Services LLC 645 layoffs First Mariner Bancorp closed its wholesale mortgage lending unit First National Bank (also operating as The National Bank of El Paso En Espanol) closed by FDIC First National Bank of Anthony shut by FDIC First National Bank of Arizona shut down by FDIC First National Bank of Central Florida shut by FDIC First NBC Bank shut by FDIC First Niagara Financial Group, Inc. closed mortgage processing office in Syracuse, 14 layoffs First PacTrust Bancorp, Inc. acquired Gateway Bancorp First Peoples Bank shut by FDIC First Piedmont Bank shut by FDIC First Priority Bank closed by FDIC First Regional Bank shut by FDIC First Security Loan Corp. to shut down First Security National Bank shut by FDIC First Source Funding Group closed First Southern Bank shut by FDIC First Southern National Bank shut by FDIC First State Bank shut by FDIC First State Bank (AZ) shut down by FDIC First State Bank (Sarasota) shut by FDIC First State Bank of Altus shut by FDIC First State Bank of Winchester shut by FDIC First Street Financial closed First Suburban National Bank shut by FDIC First United Bank shut by FDIC First Vietnamese American Bank shut by FDIC Fitch Ratings to cut 150 jobs Flagship National Bank shut down Flagstar Bank acquired 52 Wells Fargo bank branches Flagstar Bank acquired certain assets of Opes Advisors Inc. Flagstar Bank cut roughly 600 jobs thanks to slowing mortgage business Flagstar Bank layoffs total 300 in Troy, MI due to outsourcing Flexpoint Funding reportedly closed wholesale division, now completely shut down Flick Mortgage closed FMF Capital LLC closed Florida Community Bank shut by FDIC FNBA wholesale division and correspondent line shut down, 541 layoffs Fort Lee Federal Savings Bank, FSB shut by FDIC Fortes Financial halted lending Fortes Financial acquired five former National City regional wholesale offices Founders Bank shut by FDIC Foxtons, Inc. filed Chapter 11 bankruptcy Franklin American suspends jumbo wholesale lending Franklin Bank shut down by FDIC Franklin Bank Corp. closing warehouse line, layoffs Franklin Credit Management Corp. suspends loan acquisition and origination Franklin First Financial shut down Freddie Mac cut 100+ jobs Freedom Bank shut down by FDIC Freedom Bank of Georgia shut down by FDIC Freedom Financial shutting down Freedom Mortgage Corp. acquired J.G. On February the 18th 2022 American Pacific Mortgage had a layoff rumor has It of 226 employees. Any news about the amount/locations/departments of Penfed employees laid off? Consumer spending over the last three months has outpaced income growth. I think there are some very dated ones because I know of one transaction that took place 2 years ago but was positioned below a more recent event that I also know just happened within the last few weeks. Were committed to building a collaborative relationship with you and your business, preparing for the future and investing in seeing you thrive. client paid off mortgage in 2005 with Chapel Mortgage and of course a satisfaction was never recorded. WebTexas Capital Bank Client Support will be closed for Presidents' Day on Monday, February 20, 2023. Not sure why. We have a loan with First Direct Lending in Irvine, CA. Dallas, Texas, United States. We provide customized advisory and solutions that empower clients to achieve their personal and professional goals. We serve businesses across all sectors and remain committed to helping build the economy of our state. I am trying to find out who is the successor of Colony Mortgage Corp. DZ. I work there. We have also greatly strengthened the Banks balance sheet, which means we are prepared to support the best clients in our markets for years to come, through whatever economic conditions arise. We serve businesses across all sectors and remain committed to helping build the economy of our state. The Fed and soft landing Perma Bulls point to Januarys 517,000 payroll gain as proof the economy is still strong. Ergo, stock prices need to head lower. WebSave for your future with matching contributions from Texas Capital Bank. Thats why the foundation is giving a $50,000 Honor Award to a nonprofit that serves in early childhood education, to help children Learn early and start on the path to a lifetime of opportunity. Not sure their track record on loan mods unfortunately. The comment section is very helpful. There are over a million uninsured Texans living below the poverty line, making Texas the most uninsured state in the nation. (dba Amerifirst Home Mortgage, Ameriuno, & Ameritrust. The submission portal will open January 3and close February 28. Become a business insider with the latest news. WebTexas Capital Bank is a full-service bank headquartered in Texas. An enhancement has been scheduled for our account opening platform on Thursday, February 23rd, starting at 8:00 PM CST to approximately 10:00 PM CST. Metrociti issued loan on a Mexican residence, probably Homecomings Financial got it somehow around Feb 03, then payment went to GMAC from Aug 2010 until Ocwen since May 2013 and now is with another with whom we are trying to pay off and sell. The past meetings I had were about the laying off the ones not being productive. https://www.thelayoff.com/texas-capital-bancshares. Laurel, NJ PHH Mortgage Corp. laid off 69 employees in Amherst, NY PHH Mortgage Corp. cut 2250 jobs in New Jersey PHH Mortgage Corp. cut 135 jobs in Amherst, NY PHH Mortgage Corp. laid off 130 employees at its Mount Laurel, NJ mortgage servicing center PHH Mortgage Corp. merger terminated PHH Mortgage Corp. exited wholesale/correspondent mortgage lending channel PHH Mortgage Corp. cut 33 jobs in Mount Laurel, NJ PHH Mortgage Corp. cut 80 jobs in Amherst, NY, eventually close office in 2017 PHH Mortgage Corp. laid off 365 mortgage workers in Jacksonville PHH Mortgage Corp. laid off 140 in Providence, 300 more from NJ and FL offices Piedmont Community Bank shut by FDIC Pierce Commercial Bank shut by FDIC Pillar Processing cut 601 employees at Long Island offices Pimco bought stake in First Guaranty Mortgage Pinehurst Bank shut by FDIC Pinnacle Bank of Oregon shut down by FDIC Pinnacle Direct Funding Corp merged with Tri-Star Lending Pinnacle Financial Corp. acquired by Impac Mortgage Holdings, closed Pisgah Community Bank closed by FDIC Plantation Federal Bank shut by FDIC Platinum Community Bank (IL) shut down by FDIC PMI Group Inc. (mortgage insurer) filed for Chapter 11 bankruptcy PNC Bank acquired BBVA PNC Bank acquired National City PNC Bank to close Capstone Realty Advisors (commercial mortgage unit) PNC Bank shed dozens of mortgage workers amid refinance slowdown PNC Bank discontinued wholesale home equity lending PNC Bank to cut 5,800 jobs PNC Bank to cut 30 workers at loan servicing center in Dayton Polk County Bank shut by FDIC Popular Financial Holdings exited the wholesale sub-prime mortgage market Popular Inc. cut 167 loan servicing jobs in New Jersey Popular Mortgage Corp. shut down Popular Warehouse Lending no longer accepting applications Portellus, Inc. (software) winding down mortgage division, selling mortgage assets Precision Financial Inc. closed Preferred Home Mortgage Co. cut 75 jobs Premier American Bank shut by FDIC Premier Bank shut by FDIC Premier Bank (Denver) shut by FDIC Premier Community Bank of the Emerald Coast shut by FDIC Premier Mortgage Funding, Inc filed for bankruptcy Premium Funding Corp. closed Pretium acquired Deephaven Mortgage LLC Primary Residential Mortgage Inc. acquire The Executive Mortgage Group Principal Mortgage Fund, Inc. to buy Fair Home Lending Financial, Inc. From philanthropy to volunteer service to financial wellness, we are committed to serving our communitiesand helping them thrive through our most ambitious giving year yet. I need to order a payoff. Telephone Banking Phone: 877.839.2265, Unknown number of people laid off from Amerifirst Financial Corporation, dba Amerifirst Home Mortgage and Ameritrust Home Mortgage, on 4/6/22 and on 6/20/22. Giving back has always been part of who we are that's why we're proud to announce the launch of the Texas Capital Bank Foundation. Even better, didnt even take the time to look anyone in the eye, a thank you, handshake, or apology. Not in bankruptcy? Texas Capital Bank and the Texas Capital Bank logo are trademarks of Texas Capital Bancshares, Inc. and Texas Capital Bank. We can now serve any Texas-based business and are positioned to grow with them as their needs evolve. I've had this vision in my head for the longest time that I'd do my 2 years as an analyst and then sprint away into PE like everyone else. Nearly a year and a half ago I announced a new strategy that focused on building the best team of financial professionals in Texas, delivering seamless service and execution, and providing the widest, most relevant range of products possible. Newrez & Caliber Home Loans has had a multitude of layoffs in 2022, most recent being 8/3. Texas Capital lost $19 million in the first quarter after recording a $96 million loan-loss provision. Holmes, who came on board in January 2021, moved quickly to chart a new course for the ailing company. The company, which went public in 2003, focused on making loans to businesses in the states major metropolitan markets Dallas, Fort Worth, Houston, Austin and San Antonio. It was May 2020, and Texas Capital was not only not going to move forward with the $5.5 billion deal to merge with Independent Bank Group in McKinney, Texas, but the chief executive of Texas Capital had abruptly stepped down when the deal collapsed. Three of these grants will be for $50,000 each and will represent our giving pillars: Live, Learn, and Lift. Once a solid company that preached they wont lay people off, here we are. They love the build. It was also struggling with low fee income, lagging profitability and business line segmentation and the cloud of the busted merger. Telephone Banking Phone: 877.839.2265, Advent loan was never released. Twenty-four percent reported net hiring while only ten percent reported net layoffs. Our leadership team, which we have reshaped over the past two years, is comprised of world-class executives. I worked at Caliber Home Loans which was acquired by New Residential this year (New Rez) and was laid off with no 60-day notice. I can verify that Lennar Mortgage laid off 114 people on 1/6/2023, then two weeks later gave the ones left 2% to 4% raises and a lot of promotions with 10% raises. We will be back to our normal 8:00 AM to 6:00 PM support hours on Tuesday, February 21, 2023. Texas Capital Bank Client Support will be closed for Presidents' Day on Monday, February 20, 2023. Dec 2019 - Sep 20222 years 10 months. They love the story. A free inside look at company reviews and salaries posted anonymously by employees. Texas Capital Bank Client Support will be closed for Presidents' Day on Monday, February 20, 2023. In the first quarter its ROA was 0.47%, ROTCE came in at 5% and its CET1 ratio was 11%. How does loanDepot not make the list? And I dont know the reputation of Rushmore Loan Management, sorry I cant be of more help. Sickening. According to The Bear Traps Report, food stamps account for more that 10% of dollar-store revenue. Im looking to source an authorized signer for Downeast Mortgage Corporation that operated out of South Portland, Maine.. Any leads would be greatly appreciated. Just a wild guess, good luck! We will be back to our normal 8:00 AM to 6:00 PM support hours on Tuesday, February 21, 2023. Just got my severance package. Prior to the pandemic, the IEA expected energy investment to grow by 2% this year, but now, it expects a 20% decline from last year. By 2019, the company had evolved from being solely focused on commercial lending in Texas to operating a national mortgage warehouse that some critics said was too big for the bank. Good luck with your new gig! US Bank Home Mortgage laid off 200 operations employees March 29, 2022. Dec 2019 - Sep 20222 years 10 months. The Canadian bank now expects loan growth in the mid-single-digit range this year, down from a high-single-digit forecast three months ago. Along with the dissolution of the merger, Texas Capitals longtime president and CEO Keith Cargill, 66, stepped aside. Only discussing TMS and its future platform. Primary Residential Mortgage, Inc. (PRMI) laid off 1/3 of their staff last month over the course multiple weeks and laid off several executives (VP EVP) yesterday. Jobless claims continue to hover at or below 200,000. What Mortgage Rate Can I Get With My Credit Score? It was also grappling with deteriorating energy loans and leveraged loans and did not have enough capital to support growth. He discerned that when real activity in several GDP measures falls below 2% (white line) that a recession occurs within 12 months. So, their line of thinking is that the economy is deteriorating, and earnings will be worse. WebAnalyst (Current Employee) - Texas - June 9, 2021. However, the company offered severance payments based on tenure and job position. Looking back 40 years, the 2% threshold is a reliable indicator. It's on a hiring spree and IB bonus pool is only growing as the bank grows/deal flow grows. My mother has been informed that her mortgage with Beneficial is being taken over by Rushmore Loan Management, she didnt know that Beneficial was doing this. Lendus formerly Rpm that had to pay a huge fine of 20mm to the cfpb finally folded. Banks reported record growth in net interest margins in 2022, but net income still fell, and the industry "continues to face significant downside risks" from inflation and other factors, Martin Gruenberg says. On Aug 4, 2022 loandepot began their layoffs, not sure why PRMG is not included on your list of recent layoffs they did layoff several people- staff that has been there over 10 years. Like many companies facing todays unique economic environment, we made the difficult and necessary decision to reduce our workforce to ensure we are well-positioned to meet the challenges and opportunities ahead, spokeswoman Shannon Wherry said in a statement. Confirmed by people affected by the layoff. Do you know what is going on with this company? to close, 89 layoffs Steward Financial closed Stewart Information Services halted delinquent loan servicing business Stone Creek Funding closed Stonegate Mortgage closed 47 retail branch locations Stonegate Mortgage acquired Medallion Mortgage Company Stonegate Mortgage acquired Crossline Capital Stonegate Mortgage acquired NattyMac Stonewater Mortgage Corp. halts new originations, sold to Caliber Funding LLC Strategic Capital Bank shut down by FDIC Southern Colorado National Bank shut down by FDIC SouthStar Funding closed Southwest Business Corp. purchased 15 Home Loan Corp. branches Stewart Lender Services acquired key assets of Allonhill, LLC Suburban Federal Savings Bank shut down by FDIC Summit Financial Group Inc. closed residential mortgage unit Summit Mortgage Co. to close Sun American Bank shut by FDIC Sun National Bank laid off 242 employees, exit residential mortgage business Sun Security Bank shut by FDIC Sun West Bank shut by FDIC Sunset Direct Lending closed Sunshine Mortgage Corp. shut down Sunshine State Community Bank shut by FDIC SunFirst Bank shut by FDIC Sunrise Bank closed by FDIC Sunrise Bank of Arizona shuttered by FDIC SunTrust Bank exited wholesale channel, 67 layoffs in Tampa, FL SunTrust Bank cut 800 mortgage employees nationwide SunTrust Bank closing wholesale lending offices Summit Bank shut by FDIC Superior Bank shut by FDIC Synergy One Lending acquired BBMC Mortgage Synovus Financial to buy FCB Financial Holdings Syringa Bank shut by FDIC Syracuse Securities, Inc. closed, transferred loan officers and some staff to Premium Mortgage Corp. 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