Industry News

Blade co-leads term loan for Paraguay's Bunco Continental
Eaton Vance Senior Floating-Rate Trust and Eaton Vance Senior Income Trust have commenced tender offers to purchase up to 27 percent and 44 percent, respectively, of their outstanding auction preferred shares, the company said. Each fund's tender offer is scheduled to expire at 5:00 p.m. Eastern Time on Friday, September 23, 2016, but may be extended at the discretion of the Fund. The funds are managed by Eaton Vance Management, a subsidiary of Eaton Vance Corp.."/>
Eaton Vance commences tender offers for preferred shares
Northwest Bancshares, Inc., the parent company of Northwest Bank, has been recognized by Forbes as one of America's 50 Most Trustworthy Financial Companies, the company said. In determining this year's award winners, Forbes commissioned MSCI ESG Research, an independent research company that reviewed the accounting and governance behaviors of nearly 700 publicly-traded financial companies. Northwest was named the 10th highest ranked bank on the list."/>
Forbes recognizes Northwest among America's most trustworthy financial companies
Crossroads Capital, Inc. has engaged Setter Capital, a Toronto-based secondary market advisory firm, to assist the company in identifying prospective buyers for the company's portfolio investments, the company said. The company's board of directors resolved to monetize the company's portfolio holdings at the earliest practicable date in connection with the company's investment objective to preserve capital and maximize stockholder value by pursuing the sale of the..."/>
Crossroads Capital engages Setter Capital to identify prospective buyers
F.N.B.' s strategic emphasis on local leadership and decision-making, key roles in the company's newest regions will be filled by executives joining the company from Yadkin. Upon the anticipated completion of the merger in the first quarter of 2017, FNB's regional..."/>
F.N.B. reports leadership positions for new markets in Southeastern US
Ally Financial has distributed backpacks and school supplies to 600 Detroit-area students at Boys& Girls Clubs of Southeastern Michigan's annual "Be Fit for School" event, and stocked the Detroit Club's library with 50 books on financial literacy topics and money skills, the company said. Ally is sponsoring the new Backpack Caf program, which will allow Boys& Girls Clubs' kids dealing with food-insecurity to take a backpack full of healthy food home with them each weekend."/>
Ally, Boys & Girls Clubs to deliver school supplies to Detroit students
OTC Markets Group Inc. has reported TGR Financial, Inc. has qualified to trade on the OTCQX Best Market, the company said. TGR Financial upgraded to OTCQX from the Pink market. TGR Financial, Inc. is the holding company for First Florida Integrity Bank with assets exceeding USD1.2 billion."/>
TGR Financial qualifies to trade on OTCQX
Tetragon Financial Group Master Fund Limited in July 2016, the company said. The company reported estimated fair value of investments of USD1.480 million in July 2016. Cash and cash equivalents for the same time period were USD404.1 million."/>
Tetragon Financial reports July 2016 update
PNC enhances ATM security with chip card capability
Target, amongst many others, are joining in the relief effort for the historic Louisiana floods. While many are providing financial donations through organizations such as the American Red Cross, other companies are providing supplies and food."/>
On BizWireTV: Big Name Brands Join Louisiana Relief Effort and a Social Experiment Finds Americans Overwhelmingly Honest
RioCan Real Estate Investment Trust announced today that it has successfully completed its issuance of $250 million principal amount of Series X senior unsecured debentures. The agency syndicate was co-led by RBC Capital Markets, TD Securities and BMO Capital Markets."/>
RioCan REIT Announces Completion of $250 Million Public Offering of Series X Senior Unsecured Debentures
KeyCorp, the Cleveland-based parent of KeyBank. KeyCorp on Aug. 1 finalized..."/>
KeyBank preparing for Pittsburgh First Niagara unveiling [Pittsburgh Post-Gazette]
Aflac, the leading provider of voluntary insurance at the worksite in the United States, announced today that two members of the company's board of directors were honored by Savoy Magazine, having been named to the magazine's list of Most Influential Black Corporate Directors. The list, appearing in the July 2016 issue of Savoy, named 300 corporate directors who have distinguished themselves as board members. "We are proud and pleased that Mel..."/>
Aflac Directors Named Most Influential Black Corporate Directors
Allied World Assurance Company Holdings AG on Thursday disclosed that Dale Chow takes over as senior vice president of Professional Lines for Allied World Bermuda. In this position, Chow will oversee strategic direction, management, marketing and underwriting of the company's professional lines, such as primary and excess Directors& Officers, Fiduciary, Financial Institutions, primary Employment Practices Liability, Cyber liability, Wage& Hour and Errors& Omissions."/>
Allied World Bermuda names Dale Chow as SVP of Professional Lines
Fairfax India Holdings Corporation is pleased to announce that, through its wholly-owned subsidiaries, it has completed its previously announced acquisition of approximately 51% of the outstanding shares of Privi Organics Limited for an aggregate consideration of approximately INR 3.7 billion."/>
Fairfax India Acquires Approximately 51% of Privi Organics Limited
Automotive Properties Real Estate Investment Trust. IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company."/>
IIROC Trade Resumption - APR.UN; CJT; IBG
Digital Realty Trust Inc., Hudson Pacific Properties Inc., New York REIT Inc., and Highwoods Properties Inc.. According to financial brokerage Baird, real value and better opportunities in real estate reside in Offices, particularly in the central business districts."/>
Research Reports Initiation on REIT Stocks -- Digital Realty Trust, Hudson Pacific Properties, New York REIT, and Highwoods Properties
Aflac Inc., Unum Group, CNO Financial Group Inc., and Assurant Inc.. As per NASDAQ, the industry should continue to face stiff competition in workers' compensation insurance because of the ample market capacity."/>
Insurance Stocks on Investors' Radar -- Aflac, Unum, CNO Financial, and Assurant
Capitala Finance Corp declared on Friday that it exited four investments totalling USD57.2m, taking its current exposure to energy on a fair value basis to about 3%, compared to about 9% at 31 December 2015.. The company said it exited its USD18.4m subordinated debt investment in Merlin International Inc at par, on 2 August 2016, its investment in MTI Holdings Inc on 5 August 2016, in which it received USD8.0m for its subordinated debt investment and was repaid at par."/>
Capitala Finance declares investment exits and reduction in energy exposure to 3%
Wintrust Financial Corporation has hired Melissa Donaldson to serve as the company’ s Chief Diversity Officer. In this role, she will work with senior leadership company-wide to drive diversity and inclusion priorities, including initiatives aimed at increasing diversity in leadership pipeline development, marketplace reach and community engagement. She will also manage partnerships to enhance various talent initiatives and work with..."/>
Wintrust Financial Corporation Hires Chief Diversity Officer

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