Industry News

Pathfinder Bancorp, Inc., the bank holding company of Pathfinder Bank, has announced that the Company has declared a cash dividend of$. 05 per share on the Company's common stock relating to the fiscal quarter ending September 30, 2016. The dividend will be payable to all shareholders of record on October 14, 2016 and will be paid on November 4, 2016.. About Pathfinder Bancorp, Inc. Pathfinder Bank is a New York State chartered..."/>
Pathfinder Bancorp, Inc. Declares Dividend
Teva Pharmaceutical Industries Ltd. has made many acquisitions over the years, some successful and some less so, but none of its acquisitions escalated into counter lawsuits and severe accusations between Teva and the sellers-- until Teva acquired Mexican company Rimsa. Teva acquired Rimsa a year ago for $2.3 billion, and the acquisition was completed five months later. Two weeks ago, the former owners of Rimsa, the Espinosa Abdala brothers, filed a lawsuit against Teva,..."/>
Teva alleges fraud by Rimsa's previous owners [Globes, Tel Aviv, Israel]
Playtech Cyprus Ltd. and other companies including credit card clearing company Safecharge and Market Tech, which owns London's popular Camden Market."/>
Israel's high-tech billionaires [Globes, Tel Aviv, Israel]
Mackenzie Investments announces risk rating change
Hanover Insurance Group, Inc. today demonstrated further commitment to supporting small businesses with significant enhancements to its business owner's policy base form and product offerings, adding coverages and endorsements, introducing innovative equipment breakdown protection, and increasing limits to help independent insurance agents better serve their small business clients. The company has expanded its base BOP..."/>
The Hanover Significantly Expands Offering for Small Business Owners
BBX Capital in Fort Lauderdale said it has won its appeal in an action brought against the company and former chairman Alan Levan by the U.S. In 2014, a jury ruled that BBX and Levan misled investors about loan losses during the 2007 financial meltdown. BBX Capital's attorney Eugene Stearns said the ruling was based on the judge's pre-trial summary judgment, not the full body of evidence presented in the trial."/>
Court reverses 2014 judgment against BBX, Alan Levan [Sun Sentinel]
U.S. Global Investors, and portfolio manager Ralph Aldis, CFA, are the 2016 winners of the Mining Journal's Best Americas Based Fund Manager award. The award is among the annual Mining Journal's Outstanding Achievement Awards, and was presented in Toronto at the first-ever Mines and Money Americas investment conference on September 27. Mining Journal, based in London, is a leading publication for the..."/>
U.S. Global Investors CEO and Fund Manager Win International Award
Talen Energy by the end of this year, believes it can cut $100 million a year in expenses from the Allentown-based power generation company's ledgers. The information is included in a summary of a presentation the company made to lenders Thursday that it filed with the Securities and Exchange Commission in advance of a scheduled Oct. 6 vote by shareholders on the deal."/>
Riverstone reveals plans to cut $100M in costs at Talen Energy [The Morning Call (Allentown, Pa.)]
BB&T Corporation today announced it has reached an agreement with the United States Department of Justice that settles certain legacy mortgage matters involving the origination of mortgage loans insured by the U.S. Department of Housing and Urban Development's Federal Housing Administration. BB&T fully cooperated with all agencies involved in this matter."/>
BB&T announces settlement resolving FHA-insured mortgage issues
Allstate agency owners are thanking those who help protect lives every day. On Sept. 29 Allstate agency owners will deliver pizzas as a thank you to the medical professionals at Dell Children's Medical Center of Central Texas, part of Ascension, the nation's largest Catholic and nonprofit health care system. "As we encourage Texans to schedule life insurance check-ups to make sure they're..."/>
Allstate Agency Owners Honor Life Insurance Awareness Month by Saying Thank You to Nurses Who Help Protect Lives Every Day
Chubb company, recently sponsored a No Dough Dinner, a year-round program that offers a free, hot meal to military and military families in a friendly,' home away from home' environment hosted by the USO of Illinois. Combined Insurance volunteers served meals to more than 350 military personnel and their families..."/>
Combined Insurance Continues Its Support of Veteran and Military Charitable Organizations
PHI Group has agreed to acquire an undisclosed Canadian educational company for a combination of cash and stock, the company said. The target, which has been in business for over 20 years, is an educational organization that provides premium education services, owns and operates 21 campuses, and enrolls approximately 20,000 students yearly in various English language and career training educational..."/>
PHI Group Signs to Acquire Canadian Educational Company
National Commerce Corporation today announced that it will release its earnings and operating results for the third quarter ended September 30, 2016 after market close on October 25, 2016. NCC will also host a live audio webcast conference call beginning at 8:30 a.m. Central Time on October 26, 2016 to discuss the results. Investors may call in by dialing 296-8205 A replay of the conference call will be available until October 28, 2016 and can be..."/>
National Commerce Corporation Announces Dates of Earnings Release and Conference Call Webcast for Third Quarter 2016 Results
Westfield Financial, Inc., the holding company for Westfield Bank, and Chicopee Bancorp, Inc., the holding company for Chicopee Savings Bank, today jointly announced that the shareholders of Chicopee, at its special meeting held on September 28, 2016, and the shareholders of Westfield, at its annual meeting held on September 29, 2016, approved the previously announced merger transaction whereby Chicopee will merge with and into Westfield."/>
Westfield Financial, Inc. and Chicopee Bancorp, Inc. Shareholders Approve Merger Transaction
Bank of America executive, Susan Faulkner, will become the new CEO of Plano, Texas-based Marquis Software Solutions. She has worked with Falfurrias to find opportunities to invest in companies that..."/>
BRIEF: Charlotte firm co-founded by Hugh McColl invests in financial tech firm [The Charlotte Observer]
Westfield Financial, Inc., the holding company for Westfield Bank, and Chicopee Bancorp, Inc., the holding company for Chicopee Savings Bank, today jointly announced that the shareholders of Chicopee, at its special meeting held on September 28, 2016, and the shareholders of Westfield, at its annual meeting held on September 29, 2016, approved the previously announced merger transaction whereby Chicopee will merge with and into..."/>
Westfield Financial, Inc. and Chicopee Bancorp, Inc. Shareholders Approve Merger Transaction
United Security Bancshares, reported that the Board of Directors of United Security Bancshares declared a 3rd quarter 2016 stock dividend of one percent on September 27, 2016. The stock dividend will be paid to shareholders of record on October 10, 2016 and the dividend shares will be issued on October 21, 2016.. This marks the 32nd consecutive quarterly stock dividend since..."/>
United Security Bancshares Declares Stock Dividend
Stewart Hires Rose Menker as Vice President of Marketing

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