Industry News

BB&T Corp. will pay $83 million to settle charges that it originated and underwrote federally insured mortgages that failed to meet government requirements. The second-largest bank by deposits in the greater Lehigh Valley exposed taxpayers to "substantial losses," the U.S. Justice Department said Thursday in a news release."/>
BB&T paying $83 million settlement in Justice Department investigation [The Morning Call (Allentown, Pa.)]
Central Valley Community Bancorp, the parent company of Central Valley Community Bank, formally completed its acquisition of Sierra Vista Bank on Friday, putting a bow on the deal valued at about $26.3 million in cash and stock. Sierra Vista Bank is based in Folsom with three offices in Sacramento and El Dorado counties and assets of almost $157.3 million. Signs on the bank buildings in Folsom, Fair Oaks and Cameron Park will be changed to Central Valley Community..."/>
Central Valley Community Bank concludes Folsom bank acquisition [The Fresno Bee]
Allstate insurance Agency on Clay Street in Mebane removed. TJ Maxx has opened its new location at 1453 University Drive in University Commons in Burlington. The clothing and home furnishings store had been on South Church Street at Huffman Mill Road."/>
BRIEF: Open & Shut: New TJ Maxx, hair salon [Times-News, Burlington, N.C.]
Thomson Reuters has closed the sale of its Intellectual Property and Science business to private equity funds affiliated with private equity firm Onex Corp and Asian alternative asset management firm Baring Private Equity Asia forUSD 3.55 bnin cash, the company said. Thomson Reuters' Intellectual Property and Science business provides intellectual property and scientific information, decision support tools..."/>
Thomson Reuters Closes USD 3.55bn Sale of IP and Science Business to Onex, Baring Asia
Central Valley Community Bancorp in Fresno said Monday that it has completed the acquisition of Folsom-based Sierra Vista Bank. CVCB will now oversee Sierra Vista's branches in Folsom, Cameron Park and Fair Oaks. The Sierra Vista banks will become Central Valley Community Bank branches."/>
BRIEF: Fresno bank firm completes acquisition of Sierra Vista Bank [The Sacramento Bee]
Intact Financial Corporation today announced estimated catastrophe losses, net of reinsurance, for the third quarter of 2016 of approximately $170 million on a pre-tax basis. Severe weather conditions during the summer months led to numerous events involving hail, wind and rain which affected communities across the country. In aggregate, eight events in the quarter met our catastrophe threshold of $7.5 million mainly affecting the personal lines of..."/>
Intact Financial Corporation Announces Third Quarter Catastrophe Loss Estimate
Atlantic Capital Bancshares, Inc. announced today that it will release third quarter financial results on October 28, 2016, before the stock market opens. The Company will hold a conference call at 10 a.m. ET on the same day to discuss its financial results, highlights and outlook."/>
Atlantic Capital Bancshares, Inc. Announces Third Quarter 2016 Earnings Release and Conference Call
Riverview Bancorp, Inc. today announced its Board of Directors has declared a quarterly cash dividend of $0.02 per share. The dividend will be payable October 25, 2016, to shareholders of record October 14, 2016.. The cash dividend represents a payout of 27% for our first fiscal quarter and a dividend yield of 1.49%."/>
Riverview Bancorp Declares Quarterly Cash Dividend
Cousins Properties Inc. will replace Community Health Systems, Inc. in the S&P MidCap 400, Community Health Systems will replace Cousins Properties, and Ollie's Bargain Outlet Holdings, Inc. will replace Parkway Properties Inc. in the S&P SmallCap 600 after the close on Wednesday, October 5."/>
Cousins Properties to Join S&P MidCap 400; Community Health Systems, Ollie's Bargain Outlet and Parkway to Join S&P SmallCap 600
CI Financial Corp. today reported assets under management at September 30, 2016 of $113.2 billion and total assets of $150.5 billion. These are month-end record levels for CI. Assets under management increased by $7.9 billion or 7.5% year over year and were up 0.7% in the month of September."/>
CI Financial reports record assets under management
THL Credit Senior Loan Fund today announced the declaration of its monthly distribution of $0.105 per common share, payable October 31, 2016. Based on the Fund’ s current share price of $16.42 as of its close on October 3, 2016, the distribution represents an annualized yield of 7.67%. Information regarding the distribution rate is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be assured."/>
THL Credit Senior Loan Fund Declares Monthly Distribution of $0.105 Per Share
John Hancock Premium Dividend Fund. Premium Dividend Fund declared its monthly distribution pursuant to the Fund's managed distribution plan."/>
John Hancock Closed-End Funds Declare Monthly Distributions
Glacier Bancorp, Inc. will report third quarter financial results after the market closes on October 20, 2016. A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, October 21, 2016.. The conference call will be accessible by telephone and through the Internet."/>
Glacier Bancorp, Inc. Announces Third Quarter Earnings Release and Conference Call
Loews Miami Beach. The $50 million renovation of the 790- room hotel? He signed off on it."/>
Miami is special, says Loews chairman Jonathan Tisch [The Miami Herald]
Park Sterling Corporation, the holding company for Park Sterling Bank, today announced that financial results for the third quarter of 2016 will be released on October 27, 2016 before the market opens, followed by a conference call at 8:30 a.m. Eastern Time. The conference call can be accessed toll free by dialing 512-1104 and requesting the Park Sterling Corporation earnings call. Listeners should dial in 10 minutes prior to the start of the call."/>
Park Sterling Corporation to Announce Third Quarter 2016 Results on October 27, 2016
Voya Prime Rate Trust, a diversified closed-end management investment company listed on the New York Stock Exchange, declared 2.65 cents per share monthly dividend on September 30, 2016 for the 30 days of September, payable on October 24, 2016 to shareholders of record on October 11, 2016. This represents the 341st consecutive monthly dividend since the Trust’ s inception in May 1988.. The following are annualized distribution rate calculations based on..."/>
PPR - $.0265 September Dividend

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