Industry News

Black Knight Financial Services, Inc. has enhanced its LoanSphere Empower loan origination system to provide expanded support for home equity loans and home equity lines of credit, the company said. The company said these enhancements add new capabilities within Empower to provide a more robust, streamlined end-to-end home equity application and fulfillment process, resulting in greater efficiencies for lenders. Empower supports retail, wholesale and consumer-direct..."/>
Black Knight adds new capabilities to loan origination system
Ally Financial Inc. has declared a quarterly cash dividend of USD0.08 per share of the company's common stock, the company said. The dividend is payable on Aug. 15, 2016 to shareholders of record at the close of business on Aug. 1, 2016.. Ally Financial Inc. is a digital financial services company and holding company offering financial products for consumers, businesses, automotive dealers and corporate clients."/>
Ally Financial declares stock dividend
Mercantile Bank Corporation has declared a regular quarterly cash dividend of USD0.17 per common share, the company said. The dividend is payable September 21, 2016 to holders of record as of September 9, 2016. The cash dividend represents an increase of approximately six percent from the USD0.16 cash dividend paid during the first and second quarters of 2016.."/>
Mercantile Bank increases cash dividend
Chubb has expanded the number of security services it provides to yacht owners in the United States. The services, which were previously only offered to Chubb's Signature Suite customers, are now available to all U.S. yacht customers of Chubb Personal Risk Services. One complimentary background check annually on each crew member; subsequent checks are available at a discounted rate. Reduced-rate custom travel security..."/>
Chubb Adds New Security Services for Yacht Owners
CyrusOne announces its participation in this year’ s HostingCon Conference, July 24-27, at the New Orleans Convention Center. Attendees can meet with CyrusOne representatives in booth 513 to discover new strategies for overcoming their toughest IT challenges, including advanced security and..."/>
CyrusOne Shares Insights on Security and Hyper-Speed, Hyper-Scalability at HostingCon Global 2016
Northern Trust Asset Management. More managers viewed U.S. equities as overvalued and were holding above-normal levels of cash in portfolios, according to the survey."/>
Northern Trust Survey: Managers Less Optimistic Regarding U.S. Job Growth, Expect Increased Market Volatility
Heartland Financial USA, Inc., announced that its board of directors approved a regular quarterly cash dividend of $0.10 per share on the company's common stock payable on September 2, 2016, to stockholders of record at the close of business on August 19, 2016. At June 30, 2016, there were 24,543,376 common shares outstanding listed on the NASDAQ Global Select Market under the symbol HTLF.. About Heartland Financial USA, Inc. Heartland Financial USA,..."/>
Heartland Financial USA, Inc. Declares Cash Dividend
American River Bankshares today reported net income of $1.3 million, or $0.19 per diluted share for the second quarter of 2016 compared to $1.4 million, or $0.18 per diluted share for the second quarter of 2015. For the six months ended June 30, 2016, net income was $2.7 million or $0.39 per diluted share, compared to $2.3 million or $0.30 per diluted share for the six months ended June 30, 2015.. “Second quarter highlights include a $12.9 million, or..."/>
American River Bankshares Earnings Per Share Increased by 30% in 2016
Target stores opened Wednesday in Center City, marking Target Corp's first foray into a market that's key to its urban push. The opening of Target Express at 1126 Chestnut St. at 7 a.m, attracted the millennial demographic-- aged 19 to 34.. "We have been extremely busy all day," said manager Alex Defeo, 24, just after 5:30 p.m., as the after-work crowd began filtering in to explore the latest addition to the Washington Square West..."/>
Target's new store puts a bull's-eye on Center City [The Philadelphia Inquirer]
Willis Towers Watson, a leading global advisory, broking and solutions company. In response, the survey found that a growing number of employers plan to shift resources toward benefit adequacy and retirement readiness over the next two years.."/>
U.S. employers’ concern growing over workers’ retirement readiness and financial well-being
United Bank, N.A. announced today that its subsidiary, People's Securities, Inc., has entered into a definitive agreement to acquire Gerstein Fisher, a $3 billion, New York City-based investment management firm serving individuals and families, institutions, and third-party platforms. The transaction is expected to bring People's United Wealth Management's total assets under administration to nearly $20 billion, of which..."/>
People's United Bank, N.A. Announces The Acquisition Of New York-Based Investment Management Firm Gerstein Fisher
Blue Hills Bancorp, Inc., the parent of Blue Hills Bank, today announced net income of $1,358,000, or $0.05 per diluted share, for the second quarter of 2016 compared to net income of $1,667,000, or $0.07 per diluted share, for the first quarter of 2016 and net income of $1,699,000, or $0.06 per diluted share for the second quarter of 2015. For the six months ended June 30, 2016, net income was $3,025,000, or $0.12 per diluted share, versus net income of $3,005,000, or..."/>
Blue Hills Bancorp, Inc. Reports Second Quarter Earnings
MetLife, Inc. today announced that it has hired Thomas Metzler as a managing director in the Institutional Client Group of MetLife Investment Management. Metzler will be focusing primarily on pension plans. Prior to joining MetLife, Metzler held various roles in asset management, private banking, and debt capital markets at J.P."/>
Thomas Metzler Joins MetLife Investment Management as Managing Director in the Institutional Client Group
Quaint Oak Bancorp, Inc., the holding company for Quaint Oak Bank, announced today that net income for the quarter ended June 30, 2016 was $402,000, or $0.23 per basic and $0.21 per diluted share, compared to $374,000, or $0.22 per basic and $0.20 per diluted share for the same period in 2015. Net income for the six months ended June 30, 2016 was $641,000, or $0.36 per basic and $0.33 per diluted share, compared to $583,000, or $0.34 per basic and $0.32 per..."/>
Quaint Oak Bancorp, Inc. Announces Second Quarter Earnings
Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced today that Erik N. Saarinen and Walter L. Lindsay, Jr. have joined the firm as Vice President and Director of Institutional Relationship Management and Vice President, Institutional Business Development, respectively. They are reporting to Susan M. Brengle, Managing Director, Institutional. Saarinen oversees all institutional relationship management and client service..."/>
Erik N. Saarinen and Walter L. Lindsay, Jr. join Eaton Vance Institutional Team
Cowen Group, Inc. will host a conference call on July 28, 2016 at 4:30 PM Eastern Time to discuss the Company's financial results for the 2016 first quarter. Investors can participate in the conference call by dialing 1- 760-0961 domestic or 1- 485-4850 international. The passcode for the call is 48063283.."/>
Cowen Group, Inc. Announces 2016 Second Quarter Earnings Conference Call
Presidio Bank, a Bay Area business bank, today reported unaudited results for the second quarter ended June 30, 2016 with Net Income of $1,149 thousand, up 22% from the quarter ended March 31, 2016 and up 65% from the second quarter 2015. For the six months ended June 30, 2016, Net Income was $2,090 thousand, up 77% over the same period a year ago. “We are pleased to report another quarter of strong profit growth,” said Presidio Bank President and CEO Steve Heitel.“ Compared to..."/>
Presidio Bank Reports Results for the Second Quarter 2016
CoBiz Financial's second quarter earnings release on Thursday, July 21, 2016, you are invited to listen to the company's conference call on Friday, July 22, 2016, at 11:00 am ET with Steve Bangert, CoBiz chairman and CEO. CoBiz Financial is a multi-billion dollar financial services company that serves the complete financial needs of businesses, business owners and professionals in Colorado and Arizona."/>
CoBiz Financial Invites You to Join Its Second Quarter 2016 Conference Call
Sturgis Bancorp, Inc. today announced that its Board of Directors has declared a cash dividend of $0.12 per common share, payable September 15, 2016 to stockholders of record August 15, 2016. This declaration further increases the quarterly stock dividend from $0.10 per common share in the second quarter of 2016.. Eishen stated, "Given the continuing improvements in earnings and credit quality, the Board has again increased the quarterly cash dividend to..."/>
Sturgis Bancorp, Inc. Increases Quarterly Cash Dividend

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