Industry News

A-Mark Precious Metals, Inc., a full-service precious metals trading company and an official distributor for all the major sovereign mints, has entered into a new three-year employment agreement with Thor Gjerdrum. As part of the agreement, Gjerdrum was promoted to the position of president, succeeding David Madge who was appointed to the new position of chief marketing officer.. Gjerdrum has served as A-Mark’ s EVP and COO since 2013, and as CFO..."/>
A-Mark Precious Metals Enters Into New Employment Agreement with Thor Gjerdrum
Allied World Assurance Company Holdings, AG today announced that it has approved a quarterly dividend equal to $0.26 per share payable on September 29, 2016 to shareholders of record on September 20, 2016. The company's transfer agent will make dividend payments in United States dollars. The amount of the payment in Swiss francs will be based on the USD/CHF exchange rate as published by The Wall Street Journal on September 7, 2016."/>
Allied World to Pay Quarterly Dividend
Resonant Inc., a designer of filters for radio frequency, or RF, front-ends that specializes in delivering designs for difficult bands and complex requirements, today announced that it is offering to sell shares of its common stock in an underwritten public offering. The offering is expected to price on or about Friday, September 9, 2016.. Resonant intends to use the net proceeds from the offering for working capital, capital expenditures and other general..."/>
Resonant Announces Proposed Public Offering of Common Stock
WhiteHorse Finance, Inc. today announced that its board of directors has declared a distribution of $0.355 per share with respect to the quarter ending September 30, 2016. The distribution will be payable on October 3, 2016 to shareholders of record as of September 19, 2016.. Distributions are paid from taxable earnings and may include a return of capital and/or capital gains."/>
WhiteHorse Finance, Inc. Announces Quarterly Distribution
Ameris Bancorp today announced that its Board of Directors approved a quarterly cash dividend of $0.10 per common share, payable October 11, 2016, to shareholders of record as of the close of business on September 30, 2016. This reflects a doubling of the prior dividend of $0.05 per common share paid in recent quarters. Commenting on the Company's quarterly dividend, Edwin W. Hortman, Jr., the Company's President and Chief Executive Officer, said, "..."/>
Ameris Bancorp Announces Increased Third Quarter 2016 Dividend
Severn Bancorp, Inc., parent company of Severn Savings Bank, FSB, announced the redemption of the remaining portion of the 23,393 original shares of preferred stock sold in 2008 to the U.S. Department of the Treasury, now owned by third parties. The TARP Shares have a dividend rate of 9% per annum."/>
Severn Bancorp, Inc. Announces Full Redemption of all TARP Preferred Stock
Impac Mortgage Holdings, Inc. announced today that it has commenced an underwritten registered follow-on public offering of 2,500,000 shares of its common stock. In addition, the Company expects to grant the underwriters a 30- day option to purchase up to an additional 15 percent of the shares of common stock offered in the follow-on public offering at the public offering price.. JMP Securities LLC is acting as sole book-running manager for the..."/>
Impac Mortgage Holdings, Inc. Announces Launch of Follow-on Public Offering
United Community Financial Corp., a $2.1 billion financial services institution headquartered in Youngstown, Ohio, parent of The Home Savings and Loan Company, and Ohio Legacy Corp., jointly announced today that they have entered into a definitive agreement and plan of merger pursuant to which UCFC will acquire Ohio Legacy, parent of Premier Bank& Trust. Based on United Community’ s closing price as of September 7, 2016, the transaction is valued at..."/>
United Community Financial Corp. to Expand Akron and Canton Ohio Presence with Agreement to Acquire Ohio Legacy Corp.
F.N.B. Corporation today announced the hiring of Scot Pflug, Chief Information Security Officer. In his role, Pflug will provide primary oversight for FNB's enterprise-wide information security and risk management strategy."/>
F.N.B. Corporation Appoints Scot Pflug as Chief Information Security Officer
Chubb announced today that it has expanded the voluntary workplace benefits business of its Combined Insurance affiliate with a dedicated broker-focused channel. The new Chubb Workplace Benefits business unit combines the market leadership and experience of Combined Worksite Solutions, a division within Combined Insurance launched in 1996, with Chubb's substantial relationships with leading national and regional insurance..."/>
Chubb Expands its Combined Insurance Workplace Benefits Business with Dedicated Broker Channel
Pacific Continental Corporation, the holding company of Pacific Continental Bank, today announced that Thomas Ellison and Duane C. Woods, formerly board members for Foundation Bank of Bellevue, Washington, will join the board of directors for Pacific Continental Bank. Pacific Continental Corporation formally closed its acquisition of Foundation Bancorp, Inc. and its wholly-owned subsidiary, Foundation Bank on September 6.."/>
Pacific Continental Corporation Announces Thomas Ellison and Duane C. Woods Have Joined the Board of Directors
CBOE Holdings, Inc. announced today that Edward T. Tilly, Chief Executive Officer, will present at the Barclays Global Financial Services Conference in New York on Wednesday, September, 14 at 7:30 a.m.. The presentation, to be broadcast live over the internet, can be accessed at www.cboe.com in the Investor Relations section, under Events and Presentations. The archived webcast will be available for 30 days after the event, and is expected to be..."/>
CBOE Holdings To Present At Barclays Global Financial Services Conference On September 14
Greenlight Capital Re, Ltd., a specialist property and casualty reinsurer, today announced that it has entered into an agreement with Kattan Associates Limited, with immediate effect. Under the terms of the agreement, Kattan Associates will develop business opportunities in the European and Asian markets, on behalf of Greenlight Re and its subsidiary companies.. “This is an important step for..."/>
Greenlight Re Ireland joins forces with Kattan Associates
Bank of America CEO Brian Moynihan discussed cost-cutting, technology, House Bill 2 and more in an interview Thursday morning on CNBC's "Squawk Box." The Charlotte-based bank, the nation's second-largest lender by assets, has been under pressure to improve profitability at a time when interest rates are low, cutting into revenues of banks everywhere. Moynihan said the bank has taken out $20 billion in operating expenses over the last five years, and that there is still room..."/>
Bank of America CEO talks cost-cutting, tech and HB2 on CNBC [The Charlotte Observer]
IOU Financial Inc. a leading online lender to small businesses in the United States is pleased to announce its entrance into Canada. "We are very excited to have the opportunity to serve Canada and provide access to capital not otherwise offered by traditional banks," stated CEO Phil Marleau. " IOU's unique approach will revolutionize small business lending in Canada."/>
IOU Financial offers small business loans in Canada
IOU Financial Inc. a leading online lender to small businesses in the United States is pleased to announce its entrance into Canada. "We are very excited to have the opportunity to serve Canada and provide access to capital not otherwise offered by traditional banks," stated CEO Phil Marleau. " IOU's unique approach will revolutionize small business lending in Canada."/>
IOU Financial offers small business loans in Canada
Morningstar, Inc., a leading provider of independent investment research, today announced its plans to apply the forward-looking Morningstar Analyst Rating™ to exchange-traded funds globally. The company will also combine ETFs and open-end funds into the same peer group when calculating its quantitative, backward-looking Morningstar Rating™ for funds. Both enhancements will allow investors to more easily compare investments across fund..."/>
Morningstar to Enhance Ratings to Allow Better Comparisons Across Fund Types
BankUnited, a proud corporate partner of the Miami Dolphins, are giving full-time Florida students ages 13 to 18 a chance to kick-start their own personal savings with a $1,000 grand prize for submitting the winning essay in the 4 Downs for Finance financial literacy contest, open now. Full-time Florida high school students are encouraged..."/>
Miami Dolphins’ Jarvis Landry & BankUnited Team Up for Financial Literacy
Travelers Companies, Inc. will review its third quarter 2016 results at 9 a.m. ET on Thursday, October 20, following the release of results earlier that morning. Investors can access the call via webcast at investor.travelers.com or by dialing 1-800-732-5617 within the U.S. and 1-212-231-2918 outside the U.S.."/>
Travelers Schedules Conference Call to Review Third Quarter 2016 Results

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