Peoples Mortgage acquires Lincoln Mortgage

Peoples Mortgage Corp., a subsidiary of Peoples National Bank, has purchased Lincoln Mortgage Inc. The signage at Lincoln’s only branch, 6809 Space Village Ave, near Peterson Air Force Base, is being changed to reflect the new ownership. For more than 30 years, Peoples has been a community bank and mortgage company in El Paso Country. […]

U.S. private equity overhang reaches $400 billion

U.S. private equity overhang reaches $400 billion ┬áThe cumulative amount of private equity fundraising overhang in the United States is $400 billion. After record fundraising years during 2007 and 2008, the Alliance of Merger & Acquisition Advisors and PitchBook Data Inc. say the gap between funds raised and equity invested has widened to an all-time […]