Industry News

Yes Bank Ltd on Thursday deferred its proposed $1 billion institutional private placement after its stock declined more than 5% following the fund-raising announcement. The Mumbai-based lender cited "extreme volatility and misinterpretation of new QIP guidelines" for the delay, in a stock exchange filing. "Due to extreme volatility during today's trading day because of misinterpretation of new QIP guidelines, Yes Bank has been advised by its appointed..."/>
Yes Bank defers $1 billion share sale after stock plunges [Mint, New Delhi]
Bridgepoint Education-- avoid being steamrolled by the government scrutiny and tough market conditions that brought down ITT? According to analysts, the sector can survive."/>
For-profit colleges facing tough times [The San Diego Union-Tribune]
Ohio Legacy Corp., parent company to Premier Bank and Trust, has agreed to merge with Youngstown-based United Community Financial Corp.. The banks announced the deal late Thursday. The transaction is valued at $40.3 million or $18 per Ohio Legacy common share, the company stated in a press release."/>
Premier Bank to join Youngstown financial service company [The Repository, Canton, Ohio]
Supervalu Inc.' s struggles to shore up its grocery operations, including Twin Cities market leader Cub Foods and its Save-A-Lot discount unit, are being hurt by competition and price deflation, executives said Thursday. The Eden Prairie-based firm became the latest major grocery company to warn that its performance in the summer months would be below expectations. Executives cut their outlook for the rest of the company's financial year, which ends in April."/>
Supervalu joins other grocers with profit warning, shares fall [Star Tribune (Minneapolis)]
Verint Systems Inc. published its financial statements, which matched the market's expectations, after the end of trading yesterday. Analysts covering the company regard this as a positive sign, after the company disappointed them more than once in previous quarters. Verint, managed by president and CEO Dan Bodner, supplies systems and services for business and security intelligence."/>
Verint revenue down in Q2, as expected [Globes, Tel Aviv, Israel]
M and A Navigator: Deal pipeline –9 September
Grenville Strategic Royalty Corp. announces that the board of directors of the Corporation has declared a dividend of $0.00416 per common share for the month of September 2016, representing $0.05 per share on an annualized basis."/>
Grenville Declares September 2016 Dividend
CASBAA Thailand in View 2016: Coexistence in a Crowded Market
BankUnited to refinance industrial properties across Florida. Among the properties that will be refinanced are Vista Business Center and Belvedere Business Park, both in West Palm Beach. BankUnited also provided partial financing for McCraney's acquisition of 78 acres in Plant City, near Tampa."/>
BRIEF: Developer refinances industrial properties [Sun Sentinel]
Northwest Bancshares will have a total of 26 branches in Erie and Niagara counties, including the eight it already operates here."/>
Northwest set to convert 18 First Niagara branches effective Monday morning [The Buffalo News, N.Y.]
Northwest Bancshares will have a total of 26 branches in Erie and Niagara counties, including the eight it already operates here."/>
Northwest set to convert 18 First Niagara branches effective Monday morning [The Buffalo News, N.Y.]
Oak Valley Bancorp, announced the promotion of Lyn Wilson to Area Manager of the Bank's Eastern Sierra Division, and the hiring of Michelle Ferguson as Vice President, Branch Manager of the East Sonora branch. With the promotion, Wilson will focus on business development, loan and deposit generation, and continue to create strong relationships with new and existing clients in the Eastern Sierra..."/>
Oak Valley Community Bank Announces New Hire and Promotion
Ellington Financial LLC today announced that its estimated book value per common share as of August 31, 2016 was $20.01, or $19.73 on a diluted basis. Estimated book value per share on a diluted basis takes into account securities convertible into the Company's common shares. These amounts give effect to the previously announced dividend in the amount of $0.50 per common share and convertible security, payable on September 15, 2016 to..."/>
Ellington Financial LLC Reports Estimated Book Value Per Share As Of August 31, 2016

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