Industry News

Best Buy Co. shares jumped 19 percent, the biggest-one day gain in at least a decade, this morning after the company reported better-than-expected results in the May-to-July period. The company's net profit rose 21 percent and its sales showed modest growth where it had expected none. Sales of TVs, appliances, computing, and health and wearables helped offset weakness in smartphones and video games."/>
Best Buy shares boom upward after strong results [Star Tribune (Minneapolis)]
Allied World Assurance Company Holdings, AG announced today that Jason Glasgow has been appointed Vice President, Practice Lead– Technology, Privacy& Network Security Professional Liability for Allied World U.S. Glasgow will be responsible for the strategy, management and underwriting of Allied World’ s U.S. Christian Gravier, President, Allied World North American Professional Lines, said:“ We are extremely pleased to have Jason join the team."/>
Allied World North America Appoints Jason Glasgow as Head of U.S. Cyber Platform
National Capital Bank of Washington has elected two industry leaders to its Board of Directors. Grace L. Hinchman and Stephen L. Venti will help the Capitol Hill lender as it expands into new markets. Grace Hinchman, a graduate of the University of Maryland, received her M.B.A. from George Washington University."/>
Washington's Oldest Bank Elects Newest Directors
RioCan Real Estate Investment Trust announced today that it has reached an agreement to issue to the public $250 million principal amount of Series X senior unsecured debentures. The Debentures are being offered on a best efforts agency basis by a syndicate of agents co-led by RBC Capital Markets, TD Securities and BMO Capital Markets."/>
RioCan REIT Announces Public Offering of $250 Million of Series X Senior Unsecured Debentures
Sotherly Hotels Inc. today announced it has closed its upsized underwritten public offering of 1,610,000 shares of its 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock for net proceeds of approximately $38,125,000 after deducting estimated offering-related expenses. The Company has granted the underwriters a 30- day option to purchase up to an additional 15% of the Series B Preferred Stock to cover over-allotments, if any.."/>
Sotherly Hotels Inc. Announces Closing of Upsized Offering of Series B Cumulative Redeemable Perpetual Preferred Stock
Banc of California will be the naming partner of the club's new world-class 22,000- seat soccer stadium, now officially named Banc of California Stadium, as well as the Official Bank of LAFC and the LAFC Foundation. Banc of California is recognized by Forbes Magazine as one of America's Best Banks and is one of the fastest growing banks in America. Banc of California Stadium will be home to Major..."/>
Los Angeles Football Club Announces Partnership with Banc of California
Mackinac Financial Corporation, the bank holding company for mBank, announced the approval of a cash dividend by its Board of Directors on August 23, 2016. The Board of Directors declared a cash dividend of$. 10 per common share, payable October 3, 2016 to shareholders of record at September 23, 2016. The dividend is unchanged from the prior quarter's dividend. Mackinac Financial Corporation is a registered bank holding company formed under the Bank..."/>
Mackinac Financial Corporation Declares $.10 Cash Dividend on Common Stock
Barclays Capital PLC are the latest defendants to reach settlements in the contentious dispute over the baseball great Curt Schilling's failed 38 Studios video venture. Wells Fargo and Barclays filed notice in Superior Court Tuesday that they had reached a joint settlement of $25.6 million, court documents show. Those settlements come after retired Superior Court Judge Francis J. Darigan Jr...."/>
Wells Fargo, Barclays Capital settle for $25.6M in 38 Studios lawsuit [The Providence Journal, R.I.]
Moody's Investors Service said. The ratings agency said the near-term would led to narrower fiscal and current account deficits than it previously expected. "In particular, Kuwait, Qatar and Oman are set to be the main beneficiaries of higher oil prices in the short term, given the larger reliance on..."/>
Oil price hike gives GCC near-term relief [Khaleej Times, Dubai, United Arab Emirates]
Jefferson Security Bank, Cindy Kitner, announced the Board of Directors approval of a semi-annual dividend at their August 17, 2016 meeting in the amount of $0.50 per share, payable on September 15, 2016 to shareholders of record on August 31, 2016. This represents an increase of 11% when comparing the total dividend for 2016 of $1.00 per share to the total for 2015 of $0.90 per share. "It is our desire to provide a solid return to our..."/>
Jefferson Security Bank Announces Semi-Annual Dividend Payment
PNC Financial Services Group is removing the 2,380- square-foot vertical garden from the southeast-facing side of the skyscraper, ending the season for the colorful tapestry that included the bank's initials."/>
Granite replacing green: PNC's leafy creation Downtown will come to an end [Pittsburgh Post-Gazette]
National Capital Bank of Washington is pleased to welcome Christopher S. Reddick to its growing team of local lenders as Vice President and Director of Mortgage Sales. Reddick is a proven leader with over 30- years' experience in residential mortgage and commercial banking. He will be leading NCB's growth in the home lending business by expanding the bank's loan products and developing a line-up of top loan originators."/>
National Capital Bank Bullish on Home Loans
Banker, philanthropist Clay Wood dies [Odessa American, Texas]
Morgan Stanley Energy Partners, part of Morgan Stanley Investment Management, and Midland, TX-based XRI Holdings, LLC, an affiliate of Entia Ventures, announced today a strategic partnership whereby MSEP has made a majority equity investment in XRI Blue to support the growth of XRI Blue’ s successful midstream services business in the Permian Basin. Terms of the transaction were not disclosed. XRI Blue is a leading water supply and..."/>
Morgan Stanley Energy Partners and XRI Blue Announce Strategic Partnership
PREMIER FINANCIAL BANCORP, INC., a $1.5 billion community bank holding company with two bank subsidiaries announced today that it will pay a third quarter cash dividend of $0.15 per share on its common stock. At its regularly scheduled August meeting, the board of directors declared a $0.15 per share dividend to common shareholders of record on September 15, 2016. The cash dividend will be paid to shareholders on September 30, 2016.."/>
Premier Financial Bancorp, Inc. Announces Third Quarter Dividend
Hanover Insurance Group, Inc. announced today that its board of directors declared a quarterly dividend of $0.46 per share on the issued and outstanding common stock of the company, payable September 30, 2016, to shareholders of record at the close of business on September 16, 2016.. The Hanover Insurance Group, Inc., based in Worcester, Mass., is the holding company for several property and casualty insurance companies, which together..."/>
The Hanover Insurance Group, Inc. Declares Quarterly Dividend Of $0.46 Per Common Share
MutualFirst Financial, Inc. has declared a cash dividend of USD0.14 per share for the third quarter of 2016, the company said. The dividend will be payable on September 23, 2016 to shareholders of record on September 9, 2016.. MutualFirst Financial, Inc. is the parent company of MutualBank, an Indiana-based financial institution since 1889 with 31 full-service retail financial centers in Indiana."/>
MutualFirst Financial declares cash dividend
CIFC to be acquired by F.A.B. Partners for USD333m in cash
Pacific Continental Corporation have established an election deadline of 5 p.m. Pacific Standard Time, Monday, August 29, 2016 for shareholders of foundation to elect the form of consideration they wish to receive in connection with the proposed merger of Foundation with and into Pacific Continental, the companies said. A special meeting of the shareholders of foundation is being held for purposes of considering and voting on a proposal to..."/>
Foundation Bancorp, Pacific Continental establish election deadline for shareholders
Hamilton Lane appoints deputy general counsel

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