Industry News

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
MainSource Financial Group has declared a third quarter common dividend of USD0.15 per share, the company said. The dividend is payable on September 15, 2016 to common shareholders of record as of September 1, 2016.. MainSource Financial Group is a community focused, financial holding company with assets of approximately USD4.0 billion that operates 91 full-service offices throughout Indiana, Illinois, Kentucky and Ohio through its banking..."/>
MainSource Financial declares Q3 2016 dividend
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
Newtek Business Services Corp.,, an internally managed business development company, today announced that Newtek Merchant Solutions, one of its controlled portfolio companies, acquired the talent of two senior executives. Newtek Merchant Solutions hired Andrew T. Cohen as Senior Vice President of Business Development and Michelle A. Flaherty as Vice President of Human Resources. Cohen has over 25 years’ experience in financial services across various..."/>
Newtek Portfolio Company Acquires the Talent of Two Senior Executives
Fauquier Bankshares, Inc. has declared a quarterly dividend of USD0.12 per share, the company said. This dividend will be payable October 3, 2016, and represents a USD0.48 dividend on an annualized basis. Fauquier Bankshares, Inc. and its principal subsidiary, The Fauquier Bank, had combined assets of USD619.2 million and total shareholders' equity of USD53.9 million at June 30, 2016."/>
Fauquier Bankshares declares USD0.12 quarterly dividend
Veritiv officials promised the city they will relocate more than 400 jobs from Clermont County by this fall, and company officials say that plan is on schedule. "It's progressing as planned," said Karl Rockenhaus, Veritiv vice president for Customer Service North America. "There's nothing making us think it's not what it's going to be what we said in January.""/>
Company's move of 400 jobs to Fairfield on schedule [Journal-News, Hamilton, Ohio]
Best Buy Co.' s profit jumped a better-than expected 21 percent in the second quarter, boosted by strong online sales. TVs, appliances, computing, and health and wearables helped offset weakness in smartphones and video games. The company's shares soared more than 15 percent in early trading, reflecting the surprise of investors."/>
Best Buy reports better-than-expected second quarter results [Star Tribune (Minneapolis)]
Hope Bancorp, Inc., the holding company of Bank of Hope, will visit the Nasdaq MarketSite in Times Square. Formed through the merger of BBCN Bank and Wilshire Bank, the top two commercial lenders in the market, Bank of Hope is the first and only super regional Korean-American bank in the United States with more than $13 billion in total assets as of July 30, 2016.. In celebration of the successful merger, Kevin Kim, Chief Executive Officer, will ring the Opening Bell."/>
Hope Bancorp, Inc. (Nasdaq: HOPE) to Ring The Nasdaq Stock Market Opening Bell
TransAct Technologies Incorporated, a global leader in software-driven technology and printing solutions for high-growth markets, will visit the Nasdaq MarketSite in Times Square to celebrate its 20th anniversary and 20 years of listing on the Nasdaq. In honor of the occasion, Bart C. Shuldman, Chairman& Chief Executive Officer, will ring the Closing Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
TransAct Technologies Incorporated (Nasdaq: TACT) to Ring The Nasdaq Stock Market Closing Bell in Celebration of Its 20th Anniversary
American International Group, Inc. today announced the appointment of Cindy Leggett-Flynn as Senior Vice President, Chief Communications Officer, effective, September 19, 2016. She will report to Jeffrey Hurd, Executive Vice President, Chief Operating Officer. In this position, Cindy will be responsible for AIG’ s communications strategy in support of its vision, mission, and values."/>
AIG Names Cindy Leggett-Flynn as New Chief Communications Officer
State Bank of India, ICICI Bank, Capital Float and FlexiLoans to facilitate these loans."/>
Shopclues plans to disburse loans worth Rs5,000 crore to sellers [Mint, New Delhi]
Sale of SUUTI holdings put on hold [Mint, New Delhi]
Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, today released its digital 2016 Mid-Year Report available at The mid-year report highlights the company’ s strong performance and provides perspective on the current market environment. “The company’ s performance is improving, and we’ re now getting closer to meeting our own high..."/>
Argo Group Releases 2016 Mid-Year Report
Condor Hospitality Trust, Inc., a hotel-focused real estate investment trust headquartered and incorporated in the state of Maryland, today announced that it has closed on a joint venture acquisition of the 254 room Aloft Atlanta located in downtown Atlanta at 300 Spring Street NW, Atlanta, GA 30308. Condor entered into a joint venture agreement with Three Wall Capital to acquire the hotel. Through its operating partnership subsidiary, Condor will own..."/>
Condor Hospitality Trust Closes Joint Venture to Acquire Aloft Atlanta Downtown

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