Industry News

Cincinnati Financial Corporation announced that Kenneth W. Stecher, chairman of the board, plans to retire from active employment and executive responsibilities at the company within the next six months. He will remain as a director and nonemployee chairman of the board. Stecher has held many high-ranking positions throughout his distinguished 49- year career, including president, chief executive officer and chief financial officer."/>
Cincinnati Financial Chairman to Retire from Active Company Employment
Cincinnati Financial Corporation announced that, at today's regular meeting, the board of directors declared a 48- cents-per-share regular quarterly cash dividend. The dividend is payable October 14, 2016, to shareholders of record as of September 21, 2016.. Steven J. Johnston, president and chief executive officer, commented, "The dividend just declared matches the one paid in July, setting the stage for our 56 th year of increasing annual..."/>
Cincinnati Financial Corporation Declares Regular Quarterly Cash Dividend
Old Point Financial Corporation has declared a quarterly dividend of $0.10 per share of common capital stock to be paid on September 30, 2016 to shareholders of record as of August 31, 2016.. Old Point Financial Corporation is the parent company of The Old Point National Bank of Phoebus, a locally owned and managed community bank serving all of Hampton Roads and Old Point Trust& Financial Services, N.A., a Hampton Roads wealth management services..."/>
Old Point Financial Corporation Declares Third Quarter Dividend
BB&T Corporation will report its third-quarter 2016 earnings on Oct. 19, 2016, prior to market opening. Chairman and Chief Executive Officer Kelly S. King and Chief Financial Officer Daryl N. Bible will host a conference call to discuss BB&T's third-quarter 2016 performance beginning at 8 a.m. This conference call can be accessed by dialing 1-888-632-5009, passcode 5184622."/>
BB&T announces third-quarter 2016 earnings conference call
Mondelez International, maker of Oreo cookies and Cadbury chocolate, announced Friday an agreement to buy the license to make and distribute Cadbury biscuits from U.K.-based Burton's Biscuit Co.. Deerfield-based Mondelez, a $30 billion global snack and candy company, will be able to manufacture, market and sell Cadbury biscuits-- cookies-- in markets around the world, including in the U.K., France, Ireland, North America and Saudi Arabia, subject to regulatory approval,..."/>
BRIEF: Mondelez to acquire Cadbury biscuit license [Chicago Tribune]
State Auto Financial Corporation declared a regular quarterly cash dividend of $0.10 per share, payable Sept. 30, 2016, to shareholders of record at the close of business on Sept. 14, 2016. This is the 101st consecutive quarterly cash dividend declared by the company's board since STFC had its initial public offering of common stock in 1991.. State Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional..."/>
State Auto Financial Declares 101st Consecutive Quarterly Dividend
Citizens Bank Names Lamont Young Head of Digital
Canadian Resources Income Trust has declared a cash distribution of $0.059 per Trust Unit. Record and payment dates are as follows:. Unitholders are entitled to receive monthly distributions as declared by CaRIT."/>
Canadian Resources Income Trust Declares Monthly Distribution
Hawthorn Bancshares of Jefferson City, MO announced today that its Board of Directors approved a quarterly cash dividend of $0.05 per share, payable October 1, 2016 to shareholders of record at the close of business on September 15, 2016. The current cash dividend rate is consistent with the prior quarter. Hawthorn Bancshares, Inc., a financial-bank holding company headquartered in Jefferson City, Missouri, is the parent company of Hawthorn Bank of..."/>
Hawthorn Bancshares Announces Cash Dividend
Oconee Federal Financial Corp., the holding company for Oconee Federal Savings and Loan Association, announced today net income of $1.5 million, or $0.25 per diluted share, for the three months ended June 30, 2016, compared to net income of $1.2 million, or $0.21 per diluted share, for the three months ended June 30, 2015. The Company had net income of $5.2 million, or $0.90 per diluted share, for the year ended June 30, 2016, compared to net income of $4.5 million, or $0.78..."/>
Oconee Federal Financial Corp. Announces Three Month and Year Ended Financial Results
Erickson Inc. is encountering mounting corporate turbulence. The helicopter operation has warned employees of another round of layoffs, its stock may be kicked off the NASDAQ stock exchange over insufficient market capitalization, and, worst of all, Erickson's primary lender wants Erickson to find another financier. So determined is Wells Fargo to end the relationship, it is threatening to charge Erickson a $3.5 million "incentive fee" if the..."/>
Erickson's high anxiety mounts as primary lender seeks repayment [The Oregonian, Portland, Ore.]
Charles Schwab building at 12115 Technology Lane and the nearby Launch Fishers Building at 12175 Visionary Way, according to a news release. Fishers had previously designated the area a Certified Technology Park, which allows the city to offer tax incentives to prospective..."/>
Citimark plans $32.7M Fishers redevelopment [The Indianapolis Star]
Great Southern Bancorp, Inc., the holding company for Great Southern Bank, today announced that it had completed the public offering and sale of $75 million of its 5.25% Fixed-to-Floating Rate Subordinated Notes due August 15, 2026. The Notes were sold at par, resulting in net proceeds, after underwriting discounts and commissions, of approximately $73.9 million. The Company intends to use the net proceeds of the offering for general..."/>
Great Southern Bancorp, Inc. Announces Completion Of $75 Million Subordinated Notes Offering
IberiaBank Corp., holding company of the 129- year-old IberiaBank, has elected Dr. Eli Jones to the IberiaBank Corporation Board of Directors and the IberiaBank Board of Directors, the company said. However, as a current independent trustee of Invesco's open and closed-end funds, it was subsequently determined that membership on the IberiaBank boards may present a conflict with the independence requirements under the Investment Company Act of 1940.."/>
Jones resigns from board of directors to satisfy Investment Company Act of 1940
Voya Financial, Inc. asset management business Voya Investment Management has named Joseph M. Labella its new retirement strategist, the company said. Labella is based in New York. This new position within Investment Management was created in response to the growing needs faced by financial advisors to help them better address their clients' retirement planning issues and those seeking a unique strategic and consultative resource."/>
Voya Investment Management names retirement strategist
Chubb Limited has declared a quarterly dividend equal to USD0.69 per share, payable on October 21, 2016, to shareholders of record at the close of business on September 30, 2016.. Dividend payments will be made in United States dollars by the company's transfer agent. This will be the second installment as approved by the company's shareholders on May 19, 2016.."/>
Chubb Limited board declares USD0.69 quarterly dividend
U.S. Global Investors, Inc., a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, will continue its payment of monthly dividends in August. A monthly dividend of $0.0025 per share was authorized in May 2016 to continue through September 30, 2016. The August dividend record date is August 15 and the payment date is August 29. Our August dividend marks 111 consecutive months since..."/>
U.S. Global Investors Continues GROW Dividends in August
Brixmor Property Group Inc. secondary offering of 42,400,000 shares of its common stock, in which certain selling stockholders affiliated with Blackstone Real Estate Partners, which is expected to result in gross proceeds to the selling stockholders of approximately USD1.17 billion, the company said. The offering is expected to close on August 16, 2016, subject to..."/>
Brixmor Property Group prices USD1.17bn secondary offering
Legg Mason, Inc. has reached an agreement for Bill Miller to acquire all of Legg Mason's interests in LMM LLC, the company said. As a result, Miller, together with companies he controls, will own 100 percent of LMM. LMM provides investment management services to Legg Mason Opportunity Trust, Miller Income Opportunity Trust and related strategies."/>
Bill Miller to acquire Legg Mason's LMM Stake
Bank of America discriminated against a Michigan-based Arab-American charity is winding to a close. Closing arguments are set for Friday. Life for Relief& Development, the oldest and largest not-for-profit organization in North America run by Arab Americans, alleges that Bank of America, N.A., ethnically discriminated against the charity when it closed its accounts without cause or explanation in May 2012."/>
LIFE: Bank of America in Federal Court for Discriminating Against Arab-American Charity
Nasdaq MarketSite in Times Square in celebration of India’ s Independence Day, which is celebrated every year on the 15 th of August. In honor of the occasion, H.E. M. J. Akbar, Minister of State for External Affairs, Government of India and Ambassador Riva Ganguly Das, Consul General of India, New York, will ring the Closing Bell."/>
Minister of State for External Affairs of India and Consul General of India in New York to Ring The Nasdaq Stock Market Closing Bell

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