Industry News

Raymond James Financial Services, Inc. announced today that financial advisor Keith Barberis has joined Steward Partners as director and partner. Barberis, formerly of UBS Wealth Management, where he managed some $100 million in client assets, joins Steward's Bethesda, Maryland office and three former Legg Mason colleagues,..."/>
Raymond James and Steward Partners See Continued Growth; Expands With $100 Million Advisor from UBS Wealth Management
Till Capital Ltd., a Bermuda domiciled company, is pleased to report that one of its privately-held portfolio companies, IG Copper LLC, has received approval to advance the Malmyzh copper-gold project from the Government Commission on Monitoring Foreign Investment, chaired by Prime Minister Dmitry Medvedev.. Through its wholly-owned subsidiary Resource Re, Till owns approximately 2.42% of IGC on a fully diluted basis. Eurasian Minerals is the..."/>
Till Capital Reports Government Approval to Advance the Malmyzh Copper-Gold Project, Far East Russia, Owned 51% by IG Copper LLC, A Till Portfolio Company
MGM Resorts International's newly-opened outdoor dining and entertainment district. The Park is designed to provide a gathering place and oasis from the bustle of the Las Vegas Strip."/>
Restaurant Corridor at The Park Earns LEED® Certification from the U.S. Green Building Council
Outerwall, announced Monday, includes the assumption of debt and a challenged business model. Redbox sales have been sliding at its once ubiquitous DVD rental kiosks as consumers shift to digital viewing."/>
Redbox parent sold amid slumping DVD rentals [Chicago Tribune]
Alon Blue Square Israel Ltd. announced today that it was notified by the trustee for the Series C Debentures that, the record date for the payment of the outstanding principal and interest on the Series C Debentures was postponed to August 8, 2016 and the payment date for the Payment was postponed to August 22, 2016.. Alon Blue Square Israel Ltd. operates through subsidiaries."/>
Alon Blue Square Notified of Deferral of Record Date and Payment Date for Series C Debentures
Liberty Property Trust is under agreement to sell most of the Great Valley Corporate Center in Malvern to Horsham-based Workspace Property Trust as part of a $969- million transaction involving 108 properties in four states. The transaction includes all of the Malvern business park, outside of its own headquarters building and the offices that Liberty leases to the Vanguard Group, spokeswoman Jeanne Leonard said Monday. Liberty is also retaining 280,000 square..."/>
Liberty Property Trust to sell most of Great Valley Corporate Center in $1B deal [The Philadelphia Inquirer]
EverBank Financial Corp. may be working on a deal to sell the company, according to a Bloomberg financial news report Monday. But company officials are declining to even discuss the possibility of a sale. Bloomberg reported Monday morning that the largest bank in the state of Florida is angling for a sale of the company."/>
Report: Jacksonville's EverBank may be up for sale; company officials mum [The Florida Times-Union, Jacksonville]
Chubb Global Markets today announced the opening of a new office in Chicago and the appointment of an underwriter in its New York office, as it continues to build and expand its trade credit insurance capabilities for U.S. companies. The new office in Chicago will enable Chubb Global Markets to strengthen its presence and client relationships across the U.S. Midwest region with a focus on the industrial sector."/>
Chubb strengthens its trade credit team in the U.S.; opens new Midwest office
Morguard Corporation's second quarter 2016 Economic Outlook and Market Fundamentals Report points to Canada as an attractive market for foreign capital investment, due to the relative stability of the property sector coupled with the low Canadian dollar, resulting in strong investment..."/>
Morguard Research Report Says Foreign Investors Continue to Seek Stability in Canadian Commercial Real Estate
Security Federal Corporation, the holding company for Security Federal Bank, today announced results for the quarter and six month periods ended June 30, 2016. Net income available to common shareholders increased $43,000 or 3.0% to $1.5 million or $0.49 per common share for the quarter ended June 30, 2016, compared to $1.4 million or $0.48 per common share for the quarter ended June 30, 2015. The increase in earnings was the result of increases in net..."/>
Security Federal Corporation Announces Increase in Quarterly and Six Month Earnings
Simon Property Group, Inc. and the obligations of its subsidiaries, including the Issuer Default Rating at' A'. The Rating Outlook is Stable. SPG's' A' IDR reflects the company's high-quality retail real estate portfolio, cycle-tested management team, its market-leading access to capital, and its significant scale which influences efficiencies and the aforementioned access to capital."/>
Fitch Affirms Simon Property Group's IDR at 'A'; Outlook Stable
KeyCorp's acquisition of First Niagara Financial Group. Customers' accounts at the locations will be automatically transferred to a nearby branch that will reopen for business on Oct. 11, said Jack Sparks, a KeyCorp spokesman. Key had previously identified which branches would close in October."/>
16 First Niagara branches in Western New York will close Oct. 7 [The Buffalo News, N.Y.]
RE/Max LLC executives are eager to bring new resources and more dollars to bear in support of their only local..."/>
RE/Max hoping to make big push into WNY real estate market [The Buffalo News, N.Y.]
Iowa First Bancshares Corp. today reported net income of $1,081,000 for the quarter ended June 30, 2016, compared to net income of $1,050,000 for the quarter ended June 30, 2015. The increase in second quarter net income year-over-year of $31,000 was primarily attributable to higher net interest income of $132,000. This increase in net interest income was augmented by a $32,000 increase in noninterest income."/>
Iowa First Bancshares Corp. Reports Second Quarter Financial Results and Dividend Payment
Northwest Bancshares, Inc. announced a net loss for the quarter ended June 30, 2016 of $7.0 million, or $0.07 per diluted share. This represents a decrease of $22.3 million compared to the same quarter last year when net income was $15.3 million or $0.17 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2016 were% and% compared to 5.77% and 0.78% for the same quarter last year."/>
Northwest Bancshares, Inc. Announces Second Quarter 2016 Results and Quarterly Dividend
Glen Burnie Bancorp, parent company of The Bank of Glen Burnie, today announced results for the second quarter.. The company realized net income of $308,000 or $0.11 basic earnings per share in the quarter ended June 30, 2016 as compared to net income of $518,000 or $0.19 basic earnings per share for the same period in 2015.. Net interest income after provision for credit losses was $2,733,000 as compared to $2,617,000 in 2015."/>
Glen Burnie Bancorp Releases 2Q 2016 Earnings
Great-West Lifeco Inc. will release its second quarter 2016 financial results on August 3, 2016.. The results will be discussed in a conference call and audio webcast hosted by company management at 10:00 a.m. on Thursday, August 4, 2016.. The audio webcast and slide presentation will be available on Great-West Lifeco's website following the release of the second quarter results."/>
Great-West Lifeco's second quarter 2016 results conference call available by webcast
Assured Guaranty Ltd. announced today that Assured Guaranty has appointed David A. Buzen as Senior Managing Director of its newly formed Alternative Investments group. Buzen was previously President and Chief Executive Officer of CIFG Holding Inc.."/>
David A. Buzen Joins Assured Guaranty to Establish Alternative Investments Group
Westbury Bancorp, Inc. today announced that Mike Weber has joined the Bank as Senior Vice President, Commercial Banking, serving business and commercial real estate clients across Dane County.“ We are excited to have Mike join Steve Machotka and Matt Golden on our Madison Team. Mike has an outstanding reputation in Dane County and he will be key component to our growth in this market,” said Greg Remus, President& CEO of Westbury Bank.. A photo accompanying this..."/>
Mike Weber to join Westbury Bank as Senior Vice President, Commercial Banking
First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the May 2016 First American Real House Price Index."/>
Era of Uncertainty Continues to Drive Consumer House-Buying Power, According to First American Real House Price Index

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