Industry News

Pacific Mercantile Bancorp, today announced that it has provided a $5 million term loan to Salon Republic to help finance the expansion of the company’ s network of innovative salon studios across the country. In addition to the term loan, Salon Republic will utilize a customized suite of cash management products including Pacific Mercantile Bank’ s commercial credit card.."/>
Pacific Mercantile Bank Provides $5 Million in Financing to Salon Republic
Southern Michigan Bancorp, Inc. announced that its board of directors approved a quarterly cash dividend of $0.20 per share payable October 21, 2016 to shareholders of record as of October 7, 2016. The $0.20 per share dividend is an increase of $0.02 per share, or 11.1%, over the July 2016 cash dividend payment. The new annualized cash dividend rate of $0.80 per share represents a dividend yield of 3.04% based on the current market price of..."/>
Southern Michigan Bancorp, Inc. Announces Increase In Quarterly Dividend
Principal Financial Group ® announced today that, in preparation for the retirement of current chief financial officer and executive vice president Terry J. Lillis in April 2017, Deanna D. Strable-Soethout will assume the role of chief financial officer effective February 14, 2017. In addition, she is promoted to executive vice president of Principal ®..."/>
Principal Names Next CFO
State Street Global Advisors, the investment management arm of State Street Corporation, announced on Monday that it has expanded its solutions with a new fixed income smart beta strategy that seeks to capture maximum returns during rising rates and higher fixed income volatility. With these strategies, investors have more control over their objectives and generates results through exposure to credit, term or liquidity factor premia. For decades, the company said it has been..."/>
State Street Global Advisors declares expansion of its smart beta solutions with new fixed Income strategy
Kemper Corporation on Monday named Christine Theros Mullins as its senior vice president and chief human resources Officer, as of October, replacing the retiring Lisa M King. Mullins will report directly to the company's president and chief executive officer Joseph P. Lacher Jr. For the past two years Mullins was a partner at where she was a senior executive in the HR practice."/>
Kemper names Christine Theros Mullins as new SVP and chief HR officer
International Bancshares Corporation authorised a common stock cash dividend of USD0.31 per share, the company reported on Monday. All shareholders of record as of the close of business on 30 September 2016 will be paid the dividend on 17 October 2016.. A financial holding company, International Bancshare provides commercial and retail banking services through 204 facilities and more than 310 ATMs serving 88 communities in Texas and Oklahoma."/>
International Bancshares declares higher dividend of USD0.31 per share
Macquarie Group, today announced the appointment of Guillermo Sierra as a Managing Director in Macquarie Capital’ s Infrastructure Group. Sierra will cover the midstream energy and MLP space, including pipelines, LNG, terminals and gathering..."/>
Macquarie Capital Broadens U.S. Midstream Coverage
TCF Financial Corporation, on Tuesday declared the availability of its new chip-enabled TCF Debit Card with contact less payment capability. The enhanced, full-functioning chip-enabled debit card that can be instantly issued at TCF Bank branches, allows consumers to make purchases quickly and securely at payment terminals, while still providing the same convenient access to cash and purchases. Payments may be made by inserting their card..."/>
TCF unveils chip debit card with contactless payment capability
JPMorgan Chase Elects New Board Member
Santa Cruz County Bank has declared a quarterly cash dividend in the amount of USD0.05 per share, the company said. The dividend is payable on October 11, 2016 to shareholders of record as of the close of business on September 30, 2016. This is the fourteenth consecutive quarterly cash dividend declared by the Bank."/>
Santa Cruz County Bank declares quarterly cash dividend
American Capital Mortgage Investment Corp. has declared a third quarter 2016 cash dividend of USD0.5078125 per share on its 8.125% Series A cumulative redeemable preferred stock, the company said. The dividend is payable on October 17, 2016 to preferred stockholders of record as of October 1, 2016, with an ex-dividend date of September 28, 2016.. American Capital Mortgage Investment Corp. is a real estate investment trust that invests in and manages a..."/>
American Capital Mortgage declares Q3 2016 Series A preferred stock dividend
DNP Select Income Fund Inc. has authorized a quarterly USD0.065 per share dividend on its common stock, the company said. Quarterly dividends will be paid on November 10, 2016, December 12, 2016 and January 10, 2016 to shareholders of record as of October 31, 2016, November 30, 2016 and December 30, 2016, respectively. DNP Select Income Fund Inc. is a closed-end diversified investment management company managed by Duff& Phelps Investment Management Co., a..."/>
DNP Select Income Fund declares dividends
American Capital Mortgage Investment Corp. has declared a cash dividend of USD0.40 per share of common stock for the third quarter 2016, the company said. The dividend is payable on October 27, 2016 to common stockholders of record as of September 30, 2016, with an ex-dividend date of September 28, 2016.. American Capital Mortgage Investment Corp. is a real estate investment trust that invests in and manages a leveraged portfolio of agency mortgage..."/>
American Capital Mortgage declares USD0.40 per share dividend in Q3 2016
KeyCorp, is among 55 US employers that received the 2016 Best Employers for Healthy Lifestyles, marking the third year Key has received this award. The Business Group honored KeyBank for its approach to wellness, which has helped employees become more involved in their well-being to improve their health."/>
KeyBank recognized with award for healthy lifestyle program
Arlington Asset Investment Corp. has authorized a quarterly dividend of USD0.625 per share for the third quarter of 2016, the company said. The dividend will be payable on October 31, 2016 to shareholders of record on September 30, 2016.. Arlington Asset Investment Corp. is a Washington DC-based investment firm that invests primarily in mortgage-related and other assets."/>
Arlington Asset Investment declares Q3 2016 per share dividend of USD0.625
MFA Financial, Inc. has declared a regular quarterly cash dividend of USD0.20 per share of common stock for the third quarter of 2016, the company said. The dividend will be paid on October 31, 2016, to stockholders of record on September 28, 2016.. MFA is a real estate investment trust primarily engaged in the business of investing, on a leveraged basis, in residential mortgage assets, including residential mortgage-backed securities and residential..."/>
MFA Financial declares USD0.20 per share quarterly dividend
Voya Financial, Inc. has activated a local experiential brand-building and retirement-awareness initiative in Denver, the company said. The company said its goal is to raise awareness, and inspire consumers to plan, protect and save more. Voya's brand presence in Denver coincides with the National Association of Government Defined Contribution Administrators Inc., 2016 Annual Conference, an association for government-sponsored retirement plans."/>
Voya Financial to activate retirement awareness in Denver
FNB Corporation has appointed several Yadkin executives to consumer and small business banking leadership positions to serve FNB's new markets in North Carolina and South Carolina, the company said. The company is entering these new markets through its planned acquisition of Yadkin Financial Corporation. FNB will continue to leverage its regional leadership model and will retain a number of experienced Yadkin professionals to fill key retail banking and small business..."/>
FNB appoints Yadkin execs to lead consumer banking in North Carolina, South Carolina
Nicolet National Bank to close 6 branches

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