Industry News

Associated Banc-Corp today announced it will release third quarter 2016 financial results on Thursday, October 20, 2016, after market close. The company will host a conference call for investors and analysts at 4:00 p.m. Central Time on the same day. Interested parties can access the live webcast of the call through the Investor Relations section of the Company's website, http://investor.associatedbank.com."/>
Associated Banc-Corp to Announce Third Quarter 2016 Earnings and Hold Conference Call on October 20, 2016
Nasdaq Stock Market announced today that it will delist the common stock of BIND Therapeutics, Inc. BIND Therapeutics, Inc.’ s stock was suspended on August 01, 2016 and has not traded on Nasdaq since that time.. Nasdaq also announced that it will delist the common stock and warrant of InterCloud Systems, Inc. InterCloud Systems, Inc’ s common stock and warrant were suspended on August 31, 2016 and have not traded on Nasdaq since that time."/>
Delisting of Securities of BIND Therapeutics, Inc., InterCloud Systems, Inc., Echo Therapeutics, Inc., 1347 Capital Corp., and EPIRUS Biopharmaceuticals, Inc. from The Nasdaq Stock Market
Brookline Bancorp, Inc. President& CEO Paul Perrault announced today that Russell Cole, President& CEO of the company's North Shore subsidiary, First Ipswich Bank, will retire to attend to family matters. Cole, who for the past 10 years has been at the helm of First Ipswich Bank, will step down effective October 1 st. Perrault also announced today that James McCarthy of Middleton has been appointed to replace Cole."/>
First Ipswich Bank President & CEO Russell Cole To Retire
CSB Bancorp, Inc., today announced that the Company’ s Board of Directors has declared a third quarter cash dividend of $0.20 per share on its common stock, payable October 25, 2016 to shareholders of record as of October 4, 2016. The dividend represents a$. 01 increase in the quarterly cash dividend. CSB Bancorp, Inc. is a $650 million financial holding company headquartered in Millersburg, Ohio."/>
CSB Bancorp, Inc. Declares Third Quarter Cash Dividend
RLI Corp.-- RLI Corp. announced today that the A+ financial strength rating has been affirmed by A.M. Best Company for the following insurance subsidiaries– RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company."/>
A.M. Best Affirms A+ (Superior) Rating for RLI Corp., RLI Insurance Co., Mt. Hawley Insurance Co. and Contractors Bonding and Insurance Co.
Everest Re Group, Ltd. announces Maria Duffy has joined Everest Insurance as Vice President and Head of E&S Casualty. She will be responsible for managing the strategic expansion and build-out of the Specialty Casualty unit, along with the direct oversight of the underwriting teams across the country supporting this important market segment. Maria will be based in the Everest Insurance New Jersey office."/>
Everest Insurance™ Announces Head of E&S Casualty
Biggest Mortgage Lenders, Servicers [Mortgage Daily]
Chubb today announced that Graham Fulcher has been appointed Chief Actuary for Overseas General Insurance, the company's international general insurance business. He succeeds Michael Kessler, who was recently appointed Vice President, Chubb Group and Chief Reinsurance Officer. Fulcher will be responsible for leadership of the actuarial function across Chubb Overseas General including reserving, pricing, portfolio management,..."/>
Chubb Names Graham Fulcher Chief Actuary of its International General Insurance Business
Apptio, Inc.,, a leading provider of cloud-based Technology Business Management software, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering on The Nasdaq Stock Market.. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/07b43f48-7045-4148-bd84-e3d9f3948b6f. Apptio is the CIO’ s business management system."/>
Nasdaq Welcomes Apptio (Nasdaq: APTI) to The Nasdaq Stock Market
AmTrust Financial Services, Inc.. The outlook assigned to this Credit Rating is stable. The Series F Preferred Stock is perpetual, but the shares may be called by AFSI at any time on or after Sept. 27, 2021."/>
A.M. Best Assigns Issue Credit Rating to AmTrust Financial Services, Inc. Series F Preferred Stock
Prosafe SE on 15 September 2016, regarding inter alia the issuance of a new convertible bond loan in the aggregate nominal amount of NOK 81,790,013 against redemption of bonds. Based on conversion notices received, convertible bonds of nominal value NOK 3,000,000 have today been converted into 12,000,000 class A shares in the Company, based on the conversion price of NOK 0.25 per share. Following the conversion, the remaining outstanding..."/>
Prosafe SE: Conversion of convertible bonds, new shares issued
SS&C Technologies, a global provider of financial services software and software-enabled services, announced today that Patrick Pedonti, Chief Financial Officer, will speak at the Deutsche Bank 24 th Annual Leveraged Finance Conference on Wednesday, September 28 th at The Phoenician in Scottsdale, AZ at 10:00 a.m. MT. Webcast and presentation materials will be made available on SS&C Technologies' investor relations website at..."/>
SS&C Technologies to Present at the Deutsche Bank 24th Annual Leveraged Finance Conference
Citi Sells Reinsurance Block to Munich Re
Chubb company, is encouraging consumers to educate themselves about the value of life insurance during Life Insurance Awareness Month. Each September, Life Happens, a nonprofit organization dedicated to helping Americans take personal financial responsibility through the ownership of life insurance and..."/>
Combined Insurance Encourages Consumers to Understand the Value of Life Insurance
Marine Bank Appoints Business Development Officer
Bank of America is closing its uptown offices again on Friday, the second day in a row the Charlotte bank has told workers to stay home due to unrest over a fatal police shooting this week. "As you know our community is facing challenges," Charlotte market president Charles Bowman said in a note to employees. "Do not come to our uptown locations to work or retrieve laptops or other items."/>
BRIEF: Bank of America closing uptown Charlotte offices Friday due to unrest [The Charlotte Observer]
National Bank of Canada is pleased to announce today, in the context of People's Republic of China's Premier Li Keqiang's official visit to Canada, that it has been authorized by the People's Bank of China to establish a bond program to issue up to RMB5 billion, in the form of bonds commercially known as Panda Bonds. Panda Bonds are Renminbi denominated bonds issued by non-Chinese issuers in the People's Republic of China. In its efforts to..."/>
Inaugural Renminbi Bond issuance program by National Bank of Canada in Mainland China
Navient presented the Alzheimer’ s Association of Greater Indiana with a check for more than $8,000 last week to support Alzheimer’ s research and education. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f2b15d44-f012-40a4-ad8e-7cdddf5d5344. The Alzheimer’ s Association is the largest nonprofit funder of Alzheimer’ s disease research, dedicated to..."/>
Navient employees contribute more than $8,000 to Alzheimer’s Association to support Alzheimer’s research and education
CI Investments announces fund mergers
Wellesley Bancorp, Inc. the parent company of Wellesley Bank, has appointed Kathryn M. Hinderhofer as a member of the board of directors of the company and the bank, the company said. Hinderhofer has spent over 35 years in the financial services industry, recently retiring in 2014 as EVP of operations and technology of National Bank Holdings Corp.. Wellesley Bancorp, Inc. is the holding company for Wellesley Bank, a community oriented financial institution offering traditional..."/>
Wellesley Bancorp appoints director to board
Hilltop Holdings Inc., has been named by Fortune magazine and Great Place to Work as the 5th best place to work on this year's list of 100 Best Workplaces for Women, the company said. Results from the annual list, which is published in Fortune, are based upon employee survey feedback from nearly 140,000 women at Great Place to Work-certified companies. PrimeLending's ranking takes into..."/>
Fortune, Great Place to Work names PrimeLending 5th best workplace for women

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