Industry News

Bank of America is closing its uptown offices again on Friday, the second day in a row the Charlotte bank has told workers to stay home due to unrest over a fatal police shooting this week. "As you know our community is facing challenges," Charlotte market president Charles Bowman said in a note to employees. "Do not come to our uptown locations to work or retrieve laptops or other items."/>
BRIEF: Bank of America closing uptown Charlotte offices Friday due to unrest [The Charlotte Observer]
National Bank of Canada is pleased to announce today, in the context of People's Republic of China's Premier Li Keqiang's official visit to Canada, that it has been authorized by the People's Bank of China to establish a bond program to issue up to RMB5 billion, in the form of bonds commercially known as Panda Bonds. Panda Bonds are Renminbi denominated bonds issued by non-Chinese issuers in the People's Republic of China. In its efforts to..."/>
Inaugural Renminbi Bond issuance program by National Bank of Canada in Mainland China
Navient presented the Alzheimer’ s Association of Greater Indiana with a check for more than $8,000 last week to support Alzheimer’ s research and education. A photo accompanying this announcement is available at The Alzheimer’ s Association is the largest nonprofit funder of Alzheimer’ s disease research, dedicated to..."/>
Navient employees contribute more than $8,000 to Alzheimer’s Association to support Alzheimer’s research and education
CI Investments announces fund mergers
Wellesley Bancorp, Inc. the parent company of Wellesley Bank, has appointed Kathryn M. Hinderhofer as a member of the board of directors of the company and the bank, the company said. Hinderhofer has spent over 35 years in the financial services industry, recently retiring in 2014 as EVP of operations and technology of National Bank Holdings Corp.. Wellesley Bancorp, Inc. is the holding company for Wellesley Bank, a community oriented financial institution offering traditional..."/>
Wellesley Bancorp appoints director to board
Hilltop Holdings Inc., has been named by Fortune magazine and Great Place to Work as the 5th best place to work on this year's list of 100 Best Workplaces for Women, the company said. Results from the annual list, which is published in Fortune, are based upon employee survey feedback from nearly 140,000 women at Great Place to Work-certified companies. PrimeLending's ranking takes into..."/>
Fortune, Great Place to Work names PrimeLending 5th best workplace for women
Brookline Bancorp, Inc. has named Darryl Fess as president& CEO of Brookline Bank, the company said. Fess, who for the past five years has led the bank's commercial real estate lending banking group, has been with Brookline Bank since May of 2010.. Fess has over 25 years of banking experience with a diverse lending background."/>
Brookline Bancorp names president/CEO of Brookline Bank
Parke Bancorp, Inc. has declared a USD0.08 per share cash dividend, the company said. The dividend is payable on October 31, 2016, to its stockholders of record as of the close of business on October 14, 2016.. Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank commenced operations in January 1999."/>
Parke Bancorp declares cash dividend
Great Southern Bancorp, Inc., the holding company for Great Southern Bank, has declared a USD0.22 per common share dividend for the third quarter of the calendar year ending December 31, 2016, the company said. The dividend will be payable on October 13, 2016, to shareholders of record on October 3, 2016.. With total assets of USD4.4 billion, Great Southern offers banking and investment services."/>
Great Southern Bancorp declares quarterly dividend
Virtus Total Return Fund has declared a USD0.10 per share dividend distribution for the third quarter of 2016, the company said. The dividend is payable on October 20, 2016, to shareholders of record on October 13, 2016.. The Virtus Total Return Fund is a diversified closed-end fund with an objective of total return, consisting of both capital appreciation and current income, as determined by the Fund's investment adviser, Virtus Investment Advisers, Inc. Virtus Investment..."/>
Virtus Total Return Fund declares distribution
Diamond Hill Investment Group, Inc., has launched Diamond Hill Short Duration Total Return Fund and Diamond Hill Core Bond Fund, the company said. Diamond Hill Short Duration Total Return Fund will focus on investing in a diversified portfolio of investment grade fixed income securities and may invest a significant portion or all of its assets in asset-backed, mortgage-related, and mortgage-backed securities."/>
Diamond Hill launches 2 fixed income mutual funds
Sunwah International Limited, TSX: SWH, an Asian based financial services firm, announces that it has extended the maturity date of the Company's 8% unsecured debentures with a principal amount of CAD6, 000,000 for one year from September 19, 2016 to September 19, 2017. Other terms and conditions of the Debentures, including its interest rate of 8% and the payment of the arrangement fee of 1% of the principal amount of the Debentures, remain unchanged."/>
Sunwah International Announces Amendments to Debentures
Voya Financial, Inc., announced today that its Retirement business has been selected as the new recordkeeper for the City of Los Angeles Deferred Compensation Plan. The City of Los Angeles Deferred Compensation plan is a voluntary 457 defined contribution plan that allows public employees of the city to set aside funds from each paycheck toward their retirement. As of June 30, 2016, the plan represented approximately $4.9 billion in..."/>
Voya Financial Selected as New Service Provider for City of Los Angeles Retirement Plan
Nasdaq MarketSite in Times Square. Hosted in New York from September 26th to 30th, the 18 th global edition of the event will bring together the brightest business and creative leaders to share their visions, passions, and practices at Advertising Week."/>
Advertising Week 2016 to Ring The Nasdaq Stock Market Closing Bell
Nasdaq MarketSite in Times Square in celebration of its rebrand from IDI, Inc. and transfer from NYSE MKT to the Nasdaq Stock Market. In honor of the occasion, Derek Dubner, Chief Executive Officer, will ring the Opening Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
Cogint, Inc. (Nasdaq: COGT) to Ring The Nasdaq Stock Market Opening Bell on Monday, September 26, 2016
SB Financial Group, Inc. has opened a new residential real estate loan production office in Warsaw, Indiana, the company said. The Warsaw loan production office will provide customers with personalized solutions for residential real estate needs. Leading the entrance into the Warsaw market and the surrounding areas will be Rich Galbreath, who joined the State Bank team in 2015.."/>
SB Financial expands into Warsaw, Indiana market
Genworth MI Canada Inc. today announced that on September 23, 2016, the Office of the Superintendent of Financial Institutions released a draft advisory for comment titled " Capital Requirements for Federally Regulated Mortgage Insurers". This draft advisory provides a new standard framework for determining the capital requirements for residential mortgage insurance companies. The proposed framework is more risk sensitive and incorporates..."/>
Genworth MI Canada Inc. Comments On OSFI's Draft Advisory For The New Capital Framework For Mortgage Insurers
RLI Corp.. Best has also affirmed the Long-Term Issue Credit Rating of“ a” on $150 million 4.875% senior unsecured notes due 2023 of RLI Corp. The outlook of these Credit Ratings is stable."/>
A.M. Best Affirms Credit Ratings of RLI Corp., RLI Insurance Co., Mt. Hawley Insurance Co. and Contractors Bonding and Insurance Co.

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