U.S. Bank exec sees opportunity in Tacoma (Tacoma News Tribune)

Iowa-bred and a Northwesterner by choice, Kent Ramsey was recently named Tacoma-area market president for U.S. Bank. He came to the Puget Sound area, he said recently, looking for mild winters and good seafood.

Commercial Mortgage Defaults in U.S. Bank Portfolios Reach 3.4% (Bloomberg)

Dec. 1 (Bloomberg) — The commercial mortgage default rate on loans held by U.S. banks more than doubled to 3.4 percent in the third quarter as vacancies rose and rents declined, Real Estate Econometrics LLC said.