Industry News

Malvern Bancorp, Inc., today announced that its New Jersey Headquarters is now open and serving Malvern’ s New Jersey and New York client base, from offices located at 163 Madison Avenue in the Morristown Plaza Office Complex.. “With this opening, Malvern is solidifying its presence and, more importantly, setting our firm footprint in New Jersey, by bringing Malvern’ s first class customer service into..."/>
Malvern Federal Savings Bank Opens New Banking Offices in Morristown, NJ
Assured Guaranty Municipal Corp., a bond insurance subsidiary of Assured Guaranty Ltd. and other parties to the Restructuring Support Agreement with the Puerto Rico Electric Power Authority have agreed to purchase new interest-bearing bonds from PREPA to help fund the full payment of principal and interest due on July 1, 2016 to PREPA bondholders. The parties to the RSA also have agreed to extend the RSA to December 15, 2016.. Assured Guaranty will purchase..."/>
Assured Guaranty Participates in Bond Purchase Agreement Allowing PREPA to Fund Its Full Payment to Bondholders on July 1
Partners Real Estate Investment Trust is pleased to announce that it has finalized a $13.7 million mortgage at the REIT's Wellington Southdale property in London, Ontario. This new mortgage is with the Manulife Financial and is effective today. The mortgage has a five-year term and an interest rate of 2.94%."/>
Partners Announces $13.7 Million Mortgage at Ontario Property
Principal Financial Group ® announced today that it will release second quarter 2016 financial results 15 minutes after the market closes on Thursday, July 28, 2016.. On Friday, July 29, 2016 at 10 a.m."/>
Principal to Announce Second Quarter 2016 Financial Results
Eaton Vance closed-end funds listed below released today the estimated sources of their June 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
TCF Financial Corporation and Simon Says Give, a nonprofit organization founded by 12- year old Mandi Simon when she was seven-years young, today announced a school supply drive to prepare students in Denver, Colorado and throughout Minnesota for the first day of school. TCF Bank’ s 26 branches in the..."/>
TCF Bank Partners with Simon Says Give to Collect School Supplies for Kids in Need
Artis Real Estate Investment Trust announced today that it intends to release its financial results for the quarter ended June 30, 2016, after the close of the Toronto Stock Exchange on Thursday, August 4, 2016.. Interested parties are invited to participate in a conference call with management on Friday, August 5, 2016 at 12:00 p.m. CT. In order to participate, please dial 1-416-764-8688 or 1-888-390-0546. You will be required to identify yourself..."/>
Artis Real Estate Investment Trust Announces Timing of Release of Q2-16 Results and Conference Call
State Street Corporation announced today that it was recognized as one of the most community-minded companies in the nation as a part of the Civic 50, a Points of Light initiative that sets the standard for corporate civic engagement and creates a roadmap for companies seeking to best use their time, talent, and resources to improve the quality of life in the communities where they do business. Civic 50 winners were announced this week at Points of Light’ s Conference on..."/>
State Street Recognized as Top Community-Minded Company in the Nation by Points of Light
Nordstrom Rack. A groundbreaking event is scheduled for later this year. As part of the Centre's second phase of development, the..."/>
Petrie Richardson Ventures Closes On Nordstram Rack Land Acquisition At Woodmore Towne Centre
Timbercreek Mortgage Investment Corporation and Timbercreek Senior Mortgage Investment Corporation are pleased to announce the completion of the previously announced plan of arrangement under the Business Corporations Act pursuant to which TMIC and TSMIC have amalgamated to form Timbercreek Financial Corp., a leading non-banking commercial real estate lender with a book value of approximately $650 million and a mortgage investment portfolio..."/>
Timbercreek MIC and Timbercreek Senior MIC Announce Completion of Merger l
Fauquier Bankshares, Inc., parent company of The Fauquier Bank, is pleased to welcome the new Chief Operating Officer of the Company and the Bank, T. Michael York. York has over 29 years of experience in the financial services industry. Prior to joining the Company, Mr."/>
The Fauquier Bank Welcomes New Chief Operating Officer
United Security Bancshares, reported that the Board of Directors of United Security Bancshares declared a 2 nd quarter 2016 stock dividend of one percent on June 28, 2016. The stock dividend will be paid to shareholders of record on July 8, 2016 and the dividend shares will be issued on July 18, 2016.. This marks the 31th consecutive quarterly stock dividend since initiated in 2008."/>
United Security Bancshares Declares Stock Dividend
PrivateBancorp Inc. in connection with the proposed acquisition of the Company by Canadian Imperial Bank of Commerce. On June 29, 2016, the Company announced it had reached a definitive agreement for CM to acquire all outstanding shares of PVTB in a cash-and-stock transaction valued at $38 billion."/>
PrivateBancorp Inc. Acquisition May Not Be in the Best Interests of PVTB Shareholders
Diamond Resorts International, Inc. in connection with the proposed acquisition of the Company by affiliates of Apollo Global Management. On June 29, 2016, the Company announced it had reached a definitive agreement for the Affiliates to acquire all outstanding shares of DRII in a transaction valued at approximately..."/>
Diamond Resorts International, Inc. Acquisition May Not Be in the Best Interests of DRII Shareholders
Marret Resource Corp. announces that the Company's shareholders approved all matters submitted by management for their consideration at the annual meeting of shareholders held on June 30, 2016 in Toronto. At the Meeting Barry Allan, John Anderson, Philip Armstrong and David Gluskin were elected as directors of the Company. The shareholders reappointed KPMG LLP, Chartered Professional Accountants, as the Company's auditor."/>
Marret Resource Corp. Announces Results of Annual Meeting
First Bank today announced that it has raised $13.7 million in equity, before expenses, through the private placement of 1,890,000 shares of common stock at a price of $7.25 per share. The Bank plans to use the additional capital for general corporate purposes including organic growth initiatives. President and Chief Executive Officer Patrick L. Ryan discussed the offering: "We are pleased to announce the successful completion of a private placement of our..."/>
First Bank Completes $13.7 Million Private Placement of Common Stock
Hershey Co.' s stock soared Thursday afternoon on reports that Mondelez International is making a bid for the Derry Township candy maker. Mondelez is larger by revenue and headcount, but Hershey has a higher stock value and long list of well-known products. Maker of Oreos, Cadbury bidding to buy Hershey Company: report."/>
Hershey and Mondelez International: What you need to know about the companies [The Patriot-News, Harrisburg, Pa.]
CI Investments announces portfolio management appointment
First Northwest Bancorp today announced that it has been added as a member of the broad-market Russell 3000 ® Index, effective after the U.S. market opened on June 27, 2016, as part of the 2016 Russell indexes reconstitution.. Annual reconstitution of the Russell indexes captures the 4,000 largest U.S. stocks as of the end of May 2016, ranking them by total market capitalization. Membership in the Russell 3000 ® Index, which remains in place for one..."/>
First Northwest Bancorp Added to Membership of Russell 3000® Index
Washington Trust Bancorp, Inc., the publicly owned holding company of The Washington Trust Company, will release second quarter 2016 earnings and host a conference call with the Corporation’ s executives as follows:. ABOUT WASHINGTON TRUST BANCORP, INC. Washington Trust Bancorp, Inc. is the parent of The Washington Trust Company, with $3.8 billion in assets as of March 31, 2016. Founded in 1800, Washington Trust is the oldest community bank in the nation,..."/>
Washington Trust Announces Date of Second Quarter 2016 Earnings Release, Conference Call and Webcast
FBL Financial Group, Inc. and its affiliated insurance companies that go to market as Farm Bureau Financial Services. In this role, Decker will be responsible for all aspects of the company’ s IT efforts, replacing Daniel Greteman, who served as CIO since January 2015.. “Casey Decker has had a rich, diverse and successful career with our companies,” said Jim Brannen, Chief Executive Officer.“ He knows FBL’ s..."/>
FBL Financial Group Names Casey Decker as Chief Information Officer

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