Industry News

AmTrust Financial Services, Inc.. The outlook assigned to this Credit Rating is stable. The Series F Preferred Stock is perpetual, but the shares may be called by AFSI at any time on or after Sept. 27, 2021."/>
A.M. Best Assigns Issue Credit Rating to AmTrust Financial Services, Inc. Series F Preferred Stock
Prosafe SE on 15 September 2016, regarding inter alia the issuance of a new convertible bond loan in the aggregate nominal amount of NOK 81,790,013 against redemption of bonds. Based on conversion notices received, convertible bonds of nominal value NOK 3,000,000 have today been converted into 12,000,000 class A shares in the Company, based on the conversion price of NOK 0.25 per share. Following the conversion, the remaining outstanding..."/>
Prosafe SE: Conversion of convertible bonds, new shares issued
SS&C Technologies, a global provider of financial services software and software-enabled services, announced today that Patrick Pedonti, Chief Financial Officer, will speak at the Deutsche Bank 24 th Annual Leveraged Finance Conference on Wednesday, September 28 th at The Phoenician in Scottsdale, AZ at 10:00 a.m. MT. Webcast and presentation materials will be made available on SS&C Technologies' investor relations website at..."/>
SS&C Technologies to Present at the Deutsche Bank 24th Annual Leveraged Finance Conference
Citi Sells Reinsurance Block to Munich Re
Chubb company, is encouraging consumers to educate themselves about the value of life insurance during Life Insurance Awareness Month. Each September, Life Happens, a nonprofit organization dedicated to helping Americans take personal financial responsibility through the ownership of life insurance and..."/>
Combined Insurance Encourages Consumers to Understand the Value of Life Insurance
Marine Bank Appoints Business Development Officer
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 http://www.globenewswire.com/NewsRoom/AttachmentNg/f2b15d44-f012-40a4-ad8e-7cdddf5d5344. 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
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
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
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
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
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

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