Operations
Florida-based bank acquiring mortgage assets, staff of N.D. bank.
The plans are intended to promote sustainable homeownership and rental opportunities for underserved communities of color nationwide.
Bank lays off an unspecified number of employees from its Home Mortgage unit.
Company agrees to expand board and immediately add Hsieh's nominee for director, WFG CEO Steve Ozonian.
Calif.-based company has rehired ‘at least half’ of 150 employees it laid off last year.
Also names Graham A. Fleming its CEO and promotes Kristen N. Sieffert to president.
Announcement comes less than a month after it sold its retail operations to CMG Financial
CEO says deal will accelerate mission to 'connect people to make informed homeownership decisions.'
Stepping down June 30; President Terry Schmidt will succeed her as CEO.
Losses continue for second straight year; employee count drops 37%.