Industry News

Manulife Financial Corporation today announced that Richard Payette has been appointed President and CEO, Manulife Quebec. This is Manulife's leading position for Quebec, and Mr. Payette will be responsible for leading the development, implementation and execution of the Quebec strategy to advance Manulife's position and support the Company's mission and vision in Quebec."/>
Richard Payette appointed President & CEO, Manulife Quebec
Camden National Bank's wealth management subsidiary, Acadia Trust, is merging with the bank and will be renamed Camden National Wealth Management, the bank said Tuesday. The merger will allow the bank to offer a wider range of products and services to both its wealth management and banking customers, Camden National executives said in a news release. Mary Beth Haut, who joined Acadia Trust in April, will become managing director and executive of Camden National Wealth..."/>
Acadia Trust to merge with Camden National Bank [Portland Press Herald, Maine]
KeyCorp chairman and CEO Beth Mooney pledged the bank will be ready to bring First Niagara customers on board when the handoff happens next month. "You only get one chance to make a good first impression, and we've worked hard to ensure that our one million new clients have a smooth transition and a positive experience, which will be on a brand-new, modern platform," Mooney said this week at the Barclays Global Financial Services Conference. Key will convert First Niagara..."/>
Key CEO expects "smooth transition" with First Niagara [The Buffalo News, N.Y.]
Northwest Bancshares, Inc.' s Northwest Bank subsidiary has closed the acquisition of 18 Western New Yorkbank branches with deposits ofUSD 1.7 bn from First Niagara Bank N.A, the company said. Northwest Bancshares paid USD 78.2 m for the branches. The deal was subject to the closing of the KeyCorp/First Niagara Financial Group, Inc. merger."/>
Northwest Bancshares Closes Acquisition of 18 First Niagara Branches in Buffalo, New York
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 the closing of an underwritten public offering for 2,715,000 shares of its common stock, which includes the exercise in full by the underwriters of their over-allotment option, at a per share price to the public of $4.25. The Company will receive gross proceeds of approximately $11.5..."/>
Resonant Closes $11.5 Million Public Offering of Its Common Stock
Nasdaq MarketSite in Times Square in celebrating the recent debut its flagship iSectors ® Post-MPT Growth ETF. The actively-managed ETF aims to optimize investor return and minimize the downside risk. In honor of the occasion, Charles H. Self III, Chief Operating Officer and Chief Investment Officer of iSectors and Portfolio Manager for PMPT, will ring the Opening Bell."/>
ISectors, LLC to Ring The Nasdaq Stock Market Opening Bell
Fifth Third Bancorp designed to add significant strategic value to both organizations and their customers. The comprehensive agreement enables Fifth Third to originate loans through GreenSky's existing merchant network and will be able to offer GreenSky's financing solutions to merchants with whom it does business today, improving credit access to those merchants'..."/>
GreenSky Announces Strategic Agreement with Fifth Third Bank
Nasdaq MarketSite in Times Square. In honor of the occasion, Nils Lundsby, Director of Business Development, will ring the Closing Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
Nordea to Ring The Nasdaq Stock Market Closing Bell
Laurentian Bank of Canada's Executive Vice President of Personal& Commercial Banking and President& CEO of LBC Financial Services, will present at CIBC's 15 th Annual Eastern Institutional Investor Conference in Montreal. A live audio webcast will be available on the Laurentian Bank's website at www.laurentianbank.ca under the Laurentian Bank tab in the Investors section. About Laurentian Bank of Canada."/>
Stéphane Therrien, Executive Vice President at Laurentian Bank, to Speak at the 15th Annual Eastern Institutional Investor Conference
Square 1 Bank Announces Credit Facility to BAROnova
Bharti Airtel Ltd on Tuesday said that it will offer three times more points of interconnect to Mukesh Ambani-promoted Reliance Jio Infocomm Ltd, which will be sufficient to serve over 15 million subscribers of Jio. The move comes a day after Idea Cellular Ltd announced release of points of interconnection to Reliance Jio. "With the latest augmentation, the total number of PoIs will become three times the present number of PoIs."/>
Airtel offers Reliance Jio three times more interconnection points [Mint, New Delhi]
Moody's Investors Service said. Jio's aggressive tariff plans will have a profound impact on cash reserves of Reliance Industries Ltd, especially as the business will bring revenues only from January, the rating agency said in a report. "We no longer expect the telecom business to generate any EBITDAR in the fiscal year ending March 2017,..."/>
Reliance Jio will turn Ebitdar-positive only by 2019: Moody's [Mint, New Delhi]
Bancorp, Inc. announced today that they have signed an agreement whereby The Bancorp Bank will provide private label banking services to support Varo mobile checking and savings account products. Varo has also signed agreements with Galileo Processing, Inc. to provide payment and..."/>
Varo and The Bancorp Bank Announce Partnership to Support Mobile Checking and Savings Accounts
Willis Towers Watson, a leading global advisory, broking and solutions company. The research also reveals three in 10 employees say they are likely to leave their employer within the next two years, adding more pressure on employers’ ability to keep top..."/>
Attraction and retention challenges plague U.S. employers, Willis Towers Watson surveys find

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