Industry News

Pacific Continental Bank, the bank subsidiary of Pacific Continental Corporation has received the Community Support Award by the Nonprofit Network of Southwest Washington, the company said. The Nonprofit Excellence Awards celebrate organizations that promote the health and vitality of the nonprofit sector in Southwest Washington. Pacific Continental Bank was honored along with the Free Clinic of Southwest Washington and PeaceHealth Southwest Medical Center,..."/>
Nonprofit Network of Southwest Washington recognizes Pacific Continental Bank with community support award
Northwest names president of New York region
S&P Global Market Intelligence, a division of S&P Global today announced it has launched a new credit analytics workflow solution via its S&P Capital IQ platform, the company said. The new offering provides access to S&P Capital IQ's powerful suite of credit risk analytics, fundamental and market data, on a new single, streamlined platform, allowing users a solution to address the challenges of analyzing and monitoring the creditworthiness of counterparties and investments."/>
S&P launches integrated credit analytics on Capital IQ platform
ZAIS Financial Corp. and Sutherland Asset Management Corporation, a privately held commercial mortgage REIT have determined the final exchange ratio in accordance with the terms of the previously announced merger agreement, the company said. SAM common stockholders will receive 0.8356 newly issued shares of the combined company common stock for each share of SAM common stock held immediately prior to the effective time of the merger. The number of shares of common stock of..."/>
ZAIS Financial, Sutherland report merger exchange ratio
Northwest Bancshares, Inc., has completed its acquisition of 18 full-service offices and one free standing drive-thru facility in Western New York from First Niagara Bank, increasing Northwest's New York regional presence to 37 offices, the company said. The company has converted the acquired offices and transitioned all customer accounts. The company's new team has 180 team members servicing 80,000 new customers with deposits of..."/>
Northwest Bank completes acquisition of First Niagara
Abbott Laboratories is among 13 Chicago-area companies on the list released Wednesday by the Dave Thomas Foundation, a nonprofit created by the late Wendy's founder Dave Thomas-- himself adopted-- to help find homes for foster kids."/>
Which Chicago-area companies offer the best adoption benefits? [Chicago Tribune]
JPMorgan Chase Signs Best Buy to Accept Chase Pay
NMI Holdings, Inc., announces that Claudia Merkle has been named chief operating officer, effective September 12. Merkle will continue to report to CEO Bradley Shuster. A highly respected leader with more than 25 years of experience in the mortgage industry, Merkle has been with National MI since the company's inception in 2012 when she joined as senior vice president, underwriting and risk operations."/>
National MI's Claudia Merkle Named Chief Operating Officer
Commerce Union Bancshares, Inc., parent of Reliant Bank, announced today that members of its management team will make presentations at the 6 th Annual Stephens Bank CEO Conference in Little Rock, AR on September 20-21, 2016. Representing Commerce Union Bancshares at the investor conference will be Ron DeBerry, Chairman and CEO and Dan Dellinger, Chief Financial Officer. All materials pertaining to Commerce Union Bancshares’ presentation to investors may be..."/>
Commerce Union Bancshares, Inc. To Participate at 6th Annual Stephens Bank CEO Conference
VersaBank and PWC Capital Inc. have entered into an agreement to merge by means of an amalgamation, the firm said. PWC Capital is a holding company that currently owns approximately 62.8% of VB's issued common shares. After the amalgamation, which is subject to regulatory and other approvals, the combined entity will continue to be named VersaBank."/>
Canada’s VersaBank to Merge with Largest Shareholder, PWC Capital
Clifton Bancorp Inc, Clifton Savings Bank, revealed on Tuesday that Diane Scriveri has been appointed as executive vice president and chief commercial loan officer. A New Jersey banking veteran, Scriveri has worked in a number of institutions within Bergen County mainly. During her community banking career, she has served in different senior management roles in the commercial and residential real estate areas."/>
CSBK names Diane Scriveri as chief commercial loan officer
PNC Financial Services Group Inc.. Faucher, who spoke Tuesday afternoon to a group of nearly 300 at PNC's 27th annual economic briefing in Erie, said he expects in 2017 to see Erie's economy grow, but more slowly than the rest of the nation as a whole, which has seen the..."/>
Erie economy likely to lag behind nation [Erie Times-News, Pa.]
Opus Bank announced today that Donika Schnell, Senior Managing Director, Head of Opus Bank’ s Healthcare Banking division, will participate at the 26th Annual National Investment Center For Seniors Housing and Care Fall Conference in Washington, D.C. Schnell will be joined at the conference by Sharmila Solanki, Managing Director, Healthcare Banking; Michael Kinnick, Managing Director, Healthcare Banking; and Bryan Nance, Director, Portfolio Manager."/>
Opus Bank’s Healthcare Banking Team to Attend National Investment Center for Seniors Housing and Care Fall Conference
Home Capital Group Inc. announced today that it has filed with the Toronto Stock Exchange a Notice of Intention to make a Normal Course Issuer Bid, as approved by Home Capital's Board of Directors, pursuant to which Home Capital may purchase for cancellation up to 3,251,743 of its Common Shares, representing approximately 5.0% of its 65,034,869 issued and outstanding Common Shares as of September 1, 2016. The average daily trading volume from March 1,..."/>
Home Capital Group Inc. Announces Normal Course Issuer Bid
Hilltop Securities Inc. announced today that Alan Lennick has joined the company’ s Private Client Group in Beverly Hills, Calif., as Regional Director for the West Coast and Senior Vice President, Practice Management. As Regional Director, Lennick will assist West Coast PCG branch managers with increasing advisor productivity and concentrate on recruiting new talent to the firm’ s wealth management business. In his role as SVP, Practice Management, Lennick will support..."/>
HilltopSecurities’ Private Client Group Welcomes Alan Lennick as West Coast Regional Director
Lazard Ltd announced today that it has acquired Verus Partners, an independent financial advisory boutique headquartered in Toronto. Brian Hanson, Co-founder and Managing Partner of Verus, has been named Chairman and CEO, Lazard Canada Investment Banking, effective immediately. “Brian and his team bring to Lazard’ s global network a number of Canada’ s most experienced and knowledgeable advisors, who have deep relationships with Canada’ s leading companies,” said..."/>
Lazard Expands Financial Advisory in North America with Acquisition of Canada-Based Verus Partners
Blackstone Mortgage Trust Inc on Tuesday declared a class A common stock dividend of USD0.62 per share for the third quarter of 2016.. Stockholders of record as of the close of business on 30 September 2016 will receive the dividend payment on 14 October 2016. A real estate investment trust, Blackstone Mortgage Trust originates and acquires senior loans collateralised by properties in North America and Europe."/>
Blackstone Mortgage Trust announces dividend of USD0.62 per share
Ellington Residential Mortgage REIT reported on Tuesday that its board of trustees approved a common stock dividend of USD0.40 per share for the third quarter of 2016.. All shareholders of record as of 30 September 2016 will be paid the dividend on 25 October 2016.. A mortgage real estate investment trust, Ellington Residential specialises in acquiring, investing in and managing residential mortgage- and real estate-related assets, with a primary focus on residential..."/>
Ellington Residential Mortgage declares dividend of USD0.40 per share for Q3 2016

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