Industry News

Mizrahi Tefahot Bank has died at 86 after a long illness. Wertheim was born to an Orthodox Jewish family in Jerusalem. He served in the Palmach pre-state forces, fought in the War of Independence, served in the Mossad, and graduated from the first law course at the Hebrew University's Faculty of Law before becoming a lawyer."/>
BRIEF: Coca Cola Israel owner Moshe Wertheim dies [Globes, Tel Aviv, Israel]
Cash America International and Arlington-based First Cash Financial Services, clearing the way for the two pawnshop companies to combine. The all-stock transaction is expected to close on Thursday, and the combined company, to be named FirstCash Inc., will begin trading on the New York Stock Exchange on Friday under the First Cash ticker symbol. The "merger of equals" was announced in April."/>
Cash America-First Cash pawnshop merger set to close Thursday [Fort Worth Star-Telegram]
Express Scripts Holding Co. is rolling out a new program with the goal of lowering the cost of diabetes care for its clients by implementing spending caps. The program, which launches March 1, introduces a multifaceted approach to cut spending-- and makes bold promises to the company's clients, including employers, insurance carriers and..."/>
Express Scripts promises clients caps on diabetes spending [St. Louis Post-Dispatch]
Mackinac Financial Corporation, the holding company for mBank, today announced the consummation of the acquisition of The First National Bank of Niagara, Niagara, Wisconsin, from its holding company Niagara Bancorporation Inc. First National Bank of Niagara was immediately consolidated into mBank and all branches will open as mBank locations on Thursday, September 1, 2016.. The transaction is the second outside of the State of..."/>
Mackinac Financial Corporation Completes the Acquisition of First National Bank of Niagara
Bank of America neglected foreclosed houses in Orlando minority areas, the group on Wednesday said conditions have worsened. The National Fair Housing Alliance and nine local fair housing organizations on Wednesday released details of new complaints about the bank's care-taking practices, particularly in neighborhoods with mostly African-American and Latino residents. The coalition showed what it..."/>
Group: BOA neglect of foreclosures worsens [Orlando Sentinel]
Eaton Vance closed-end funds listed below released today the estimated sources of their August distributions. This press release is issued as required by the Funds' managed distribution plan and an exemptive order received from the U.S. The Board of Trustees has approved the implementation of the Plan to make monthly or quarterly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amount per common share."/>
Eaton Vance Closed-End Funds Release Estimated Sources Of Distributions
Fifth Third Bancorp announced today that Eric S. Smith has been named its market president in Chicago. He will report to Robert A. Sullivan, regional president of Fifth Third Bank."/>
Eric S. Smith Named Chicago Market President for Fifth Third Bank
Comerica Bank's Texas Economic Activity Index declined in June, down 0.3 percentage points to a level of 91.2. June's reading is 18 points, or 25 percent, above the index cyclical low of 72.8. The index averaged 97.5 points for all of 2015, seven and three-fifths points below the average for full-year 2014."/>
Comerica Bank's Texas Index Dips
Landmark Infrastructure Partners LP has made two acquisitions worth USD 177 m, the company said. In the first transaction, the partnership acquired 392 tenant sites located in 47 states from El Segundo, California-based Landmark Dividend Growth Fund G LLC, an affiliate of the partnership's sponsor, Landmark Dividend LLC. Total consideration was USD 155.7 m, consisting of approximately 3.8 m common units representing..."/>
Real Estate Firm Landmark Infrastructure Partners Closes 2 US Acquisitions for USD 177m
Willis Towers Watson, a leading global advisory, broking and solutions company, announced today that it will participate in the 2016 KBW Insurance Conference in New York.. Roger Millay, Willis Towers Watson’ s chief financial officer, is scheduled to present at the 2016 KBW Insurance Conference at 1:00 p.m. Eastern Time on September 7, 2016.. A live webcast of the conference presentation will be available at the Investor Relations section of..."/>
Willis Towers Watson Announces Upcoming Conference Presentation
Northern Trust Corporation announced today that Chairman and Chief Executive Officer Frederick H. Waddell will speak at the Barclays Global Financial Services Conference on Wednesday, September 14, 2016 at 9:00 a.m. at the Sheraton New York Times Square. The live audio webcast of the presentation can be accessed via Northern Trust’ s website at www.northerntrust.com/presentations. A replay of the webcast will be accessible for approximately four weeks after the..."/>
Northern Trust Corporation to Present at the Barclays Global Financial Services Conference in New York on September 14th
STORE Capital Corporation, an internally managed net-lease real estate investment trust that invests in S ingle T enant O perational R eal E state, today announced that it has received an investment-grade corporate issuer rating of BBB- with a Positive Outlook from Standard& Poor’ s Ratings Services. “STORE began to issue investment-grade corporate debt almost a year ago as a complement to our investment-grade rated..."/>
STORE Capital Receives Investment-Grade Credit Rating from Standard & Poor's
Intact Financial Corporation's Issuer Default Rating at' A' and senior unsecured debt at' A-'. Fitch has also affirmed the Insurer Financial Strength ratings of Intact's property/casualty insurance subsidiaries at' AA-'. The Rating Outlook for all ratings is Stable."/>
Fitch Affirms Intact's Ratings; Outlook Stable
Bank of America Corporate Center uptown to a new space that's more than double the size in the Hearst Tower. The firm now occupies over 35,000 square feet on the Hearst Tower's 37th floor, according to a spokeswoman. The firm previously worked in approximately 17,000 square-feet of offices in the Bank of America tower."/>
Alabama law firm expands footprint in Charlotte [The Charlotte Observer]
Comerica Bank's California Economic Activity Index improved by 0.5 percentage points in June to a level of 121.0. June's reading is 37 points, or 44 percent, above the index cyclical low of 84.1. The index averaged 119.8 points for all of 2015, six and two-fifths points above the average for all of 2014."/>
Comerica Bank's California Index Gains Momentum
Bank of America. The complaint alleges illegal discrimination by BoA in African American and Latino neighborhoods in six additional cities. This new evidence of discriminatory treatment by BoA will be added to the federal Fair Housing Act complaint on file with the U.S."/>
Bank of America Accused of Racial Discrimination in 30 U.S. Metropolitan Areas and 201 Cities
Comerica Bank's Michigan Economic Activity Index increased 1.9 percentage points in June to a level of 129.8. June's reading is 56 points, or 75 percent, above the index cyclical low of 74.1. The index averaged 123.6 points for all of 2015, five and four-fifths points above the index average for 2014."/>
Comerica Bank's Michigan Index Climbs
First Cash Financial Services and Cash America International, Inc. announced today that the shareholders of both First Cash and Cash America overwhelmingly approved the merger of equals transaction between the two companies at their respective special meetings held earlier today. The closing of the merger transaction is expected to occur on September 1, 2016. The combined company will be named FirstCash, Inc. and will be..."/>
First Cash and Cash America Announce Shareholder Approval of Merger of Equals

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