Industry News

CIT Group Inc., cit.com, a leading provider of commercial lending and leasing services, today announced that CIT..."/>
CIT Provides $40.2 Million Financing to BKM Capital Partners to Support the Acquisition of Tempe Commerce Park
Sierra Bancorp has closed its acquisition of Coast Bancorp, the company said. In January Sierra Bancorp signed a definitive agreement to acquire Coast Bancorp ofSan Luis Obispo County, California. Immediately following the acquisition, Coast Bancorp's wholly-owned subsidiary, Coast National Bank, was merged into Sierra Bancorp's wholly-owned subsidiary, Bank of the Sierra."/>
California’s Sierra Bancorp Closes USD 13.5m Acquisition of Coast Bancorp
Markit have approved each of the merger-related proposals presented at the special meeting of the stockholders and special general meeting of the shareholders, respectively, held on 11 July, the companies said. In March, the companies agreed to combine in an all-share merger, the companies said. Based on the closing prices of IHS and Markit..."/>
HIS, Markit Win Shareholder Nods for USD 13bn Merger
Cathay General Bancorp and Taiwan-based bank holding company Bank SinoPac Co. Ltd. have signed a stock purchase agreement for Cathay to acquire Bank Sinopac's US-based SinoPac Bancorp subsidiary forUSD 340 m, the companies said. SinoPac Bancorp, through its subsidiary Far East National Bank, operates five branches inLos Angeles, one inOrange County, two inSan Francisco, and one in Silicon Valley. As ofMarch 31, 2016,..."/>
California-based Cathay General Bancorp to Acquire SinoPac Bancorp for USD 340m 
Eaton Vance Management Limited, a subsidiary of Eaton Vance Management, has named Tjalling Halbertsma to the firm as managing director, EVMI, the company said. Halbertsma will oversee existing and new business development globally for Eaton Vance across EMEA, Asia, including Japan, Latin America and Australia. This includes overall management of sales, client service and marketing activities."/>
Eaton Vance appoints managing director, EVMI
GAIN Capital Holdings, Inc. has reported OTC average daily volume of USD10.5 billion, an increase of 3.7 percent from May 2016 and a decrease of 43.7 percent from June 2015, the company said. The company also reported OTC trading volume of USD231.7 billion, an increase of 3.7 percent from May 2016 and a decrease of 43.7 percent from June 2015. Active OTC accounts were 139,022, an increase of 0.1 percent from May 2016 and a decrease of 6.5 percent from June 2015.."/>
GAIN Capital reports OTC average daily volume of USD 10bn for June 2016
Federated Premier Municipal Income Fund and Federated Premier Intermediate Municipal Income Fund have declared monthly dividends, payable on August 1, 2016 to shareholders of record as of July 22, 2016, the company said. The company's Federated Premier Municipal Income Fund has declared a dividend of USD0.07 per share. Federated Premier Intermediate Municipal Income Fund declared a dividend of USD 0.0540."/>
Federated Investors closed-end municipal funds declare monthly dividends
Middleburg Financial Corporation has been added to the Russell 3000 Index as part of Russell Investments' annual reconstitution of its stock indexes, the company said. The company said it has received a 5- Star Superior rating for financial strength from BauerFinancial, Inc., an independent bank rating firm. Annual reconstitution of the Russell US indexes captures the largest US stocks at the end of May, ranking them by total market capitalization."/>
Middleburg Financial added to Russell 3000 Index
Cathay General Bancorp and Bank SinoPac Co. Ltd. have signed a stock purchase agreement for Cathay to acquire SinoPac Bancorp, the US subsidiary of Bank SinoPac, for USD340 million, the company said. SinoPac Bancorp, through its subsidiary Far East National Bank, operates five branches in the Los Angeles area. As of March 31, 2016, SinoPac Bancorp reported, on a consolidated basis, total assets of USD1.3 billion, total loans of USD956 million, and total deposits of USD964 million."/>
Cathay General Bancorp to acquire SinoPac Bancorp
InsCorp, Inc. has qualified to trade on the OTC Markets Group OTCQX Best Market, the company said. Hovde Group, LLC serves as InsCorp's corporate broker on OTCQX. InsCorp is the holding company and parent company of InsBank, Inc., originally named Insurors Bank of Tennessee, a community bank serving individuals and small businesses throughout Tennessee."/>
InsCorp qualifies to trade on OTCQX
Idaho Independent Bank, announced IIB’ s unaudited, consolidated financial results for the second quarter and six months ended June 30, 2016.. “A strong economy helped contribute to solid loan and deposit growth in the second quarter of 2016,” Mr. Net income for the quarter was $1.1 million, or $0.13 per diluted share, compared to $1.2 million, or $0.15 per diluted share, for the second quarter a..."/>
Idaho Independent Bank Announces 2016 Second Quarter and Year-to-Date Results
Select Income REIT today announced that it will issue a press release containing its second quarter 2016 financial results before the Nasdaq opens on Tuesday, July 26, 2016. At 10:00 a.m. Eastern Time that morning, President David Blackman and Chief Financial Officer John Popeo will host a conference call to discuss these results. The conference call telephone number is 328-4494. Participants calling from outside the United States and Canada should dial..."/>
Select Income REIT Second Quarter 2016 Conference Call Scheduled for Tuesday, July 26th
Markit today announced the results to date in connection with Markit’ s previously announced offer to exchange and consent solicitation with respect to any and all of the outstanding $750.0 million aggregate principal amount of 5.000% Senior Notes due 2022 issued by IHS Inc. held by Eligible Holders for up to an aggregate principal amount of $750.0 million of new 5.000% Senior Notes due 2022 to be issued by Markit and cash."/>
IHS and Markit Announce Results to Date for Exchange Offer and Consent Solicitation for IHS Notes and Extension of Early Tender Date
Federal Realty Investment Trust has priced its public offering of USD250 million aggregate principal amount of 3.625 percent senior unsecured notes due August 1, 2046, the company said. Wells Fargo Securities, LLC, Deutsche Bank Securities Inc. and US Bancorp Investments, Inc. acted as joint book-running managers for the offering and PNC Capital Markets LLC, Citigroup Global Markets Inc., Regions Securities LLC, SunTrust Robinson Humphrey, Inc. and TD Securities LLC acted..."/>
Federal Realty Investment Trust prices 2046 senior unsecured notes
TCP Capital Corp. has priced a registered direct public offering of 2,336,552 shares of its common stock at USD15.09 per share for total gross proceeds of approximately USD35.3 million, the company said. The company said it intends to use the net proceeds from this offering to repay amounts outstanding under its revolving credit facilities and to make investments in portfolio companies in accordance with its investment objective and for other general corporate purposes,..."/>
TCP Capital sells common shares in registered direct offering
Equinix, Inc., the global interconnection and data center company, today announced that it will hold its quarterly conference call on Wednesday, August 3 at 5:30 p.m. ET. The company will discuss second quarter results for the period ended June 30, 2016.. To hear the conference call live, please dial 1-210-234-8004 and reference the passcode."/>
MEDIA ALERT: Equinix Sets Conference Call for Second Quarter 2016 Financial Results
FirstService Corporation today announced that it has further expanded its FirstService Brands company-owned operations through the acquisitions of Paul Davis Restoration North Florida and California Closets Washington DC. Terms of the transactions were not disclosed.. The acquisition by Paul Davis Restoration of its North Florida franchise is the continuation of PDR’ s strategy to build a national platform of company-owned operations."/>
FirstService Brands Expands Company-Owned Operations
Synovus Financial Corp declared on Tuesday that Kevin Blair takes over as executive vice president and chief financial officer as of 17 August 2016, succeeding the retiring Tommy Prescott. At present, Blair serves as corporate treasurer of SunTrust Banks. Before becoming corporate treasurer in 2015, for almost two decades he served in various capacities with SunTrust, including director of its commercial speciality segment, chairman and chief executive officer of..."/>
Synovus appoints Kevin Blair as new CFO
OTC Markets Group Inc., operator of financial markets for 10,000 U.S. and global securities, today announced Orex Minerals Inc., the Canadian-based junior exploration company, has qualified to trade on the OTCQX ® Best Market. Orex Minerals Inc. upgraded to OTCQX from the Pink ® market. Orex Minerals Inc. begins trading today on OTCQX under the symbol "ORMNF.""/>
OTC Markets Group Welcomes Orex Minerals Inc. to OTCQX
Annaly Capital Management, Inc., announced today that it has completed the previously announced exchange offer for all of the outstanding shares of common stock of Hatteras Financial Corp.. The exchange offer to acquire all of the outstanding shares of Hatteras common stock expired at 5:00 p.m., Eastern Time, on July 11, 2016."/>
Annaly Capital Management, Inc. Completes Exchange Offer for Hatteras Financial Corp. Common Stock

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