Industry News

Bank of America building. The property is primarily occupied by a fountain on the corner at Charles Street."/>
BRIEF: BDC seeks developers for property in front of Bank of America Center [The Baltimore Sun]
Siebert Financial Corp. and US-based specialty acquisition company Kennedy Cabot Acquisition, LLC have entered into a definitive agreement under which Kennedy Cabot acquisition will acquire approximately 90% of the outstanding common stock of Siebert Financial Corp. from the estate of Muriel F. Siebert, the companies said. The deal is worth USD 12.65 m, or around USD 0.66 per share. Siebert Financial is the owner of..."/>
Kennedy Cabot Acquisition to Acquire Siebert Financial
Target store and Streets of Woodfield among its projects, was in the midst of a "severe liquidity crisis" that made it tough to cover expenses. Its chief executive, Larry Freed, began telling workers to divert funds from partnership bank accounts to pay-- without the partners' knowledge-- operating costs, federal prosecutors have said. On Thursday one of those employees, former Vice..."/>
Former executive at developer sentenced to 6 months for lying to banks [Chicago Tribune]
Suncrest Bank and Security First Bank have entered into a definitive agreement whereby Security First Bank will merge with and into Suncrest Bank in a cash and stock deal, valued at USD 18.1 m, based on a per share valuation of Suncrest Bank stock ofUSD 8.25, the companies said. Under the terms of the agreement, shareholders of Security First Bank can elect to receive either 1.21212 shares of Suncrest Bank common stock..."/>
Suncrest Bank to Acquire California’s Security First Bank in USD 18.1m Deal
KINDER MORGAN FINALISE NATURAL GAS PIPELINE VENTURE US-based utility operator Southern Company and US-based energy infrastructure company Kinder Morgan, Inc. have finalised a natural gas pipeline venture through Southern Co's acquisition of a 50% equity interest in the Southern Natural Gas pipeline system from KMI, the companies said. Kinder Morgan will continue..."/>
M and A Navigator: Deal pipeline –2 September
Central Valley Community Bancorp, the parent company of Central Valley Community Bank, announced today that Sierra Vista Bank shareholders approved the merger between Sierra Vista Bank and Central Valley Community Bancorp at a special meeting held today, Thursday, September 1, 2016. The transaction, subject to customary closing conditions is expected to be completed as of October 1, 2016. The bank name and physical signage..."/>
Central Valley Community Bancorp Receives Sierra Vista Bank Shareholder Approval to Acquire Sierra Vista Bank
Tnuva valuation slashed 40% [Globes, Tel Aviv, Israel]
SolarCity's cash crunch, which became more evident this week when merger partner Tesla Motors filed a report with federal regulators, might raise the level of anxiety in Buffalo, where the state has invested $750 million to build a manufacturing plant for the solar energy installer. With lenders holding back while the merger plays out, business slowing and its own reserves dwindling, SolarCity needs the deeper pockets of Tesla to keep the cash flowing."/>
The Buffalo News, N.Y., David Robinson column [The Buffalo News, N.Y.]
Mosaic Capital Corporation announced today that it has filed, and received receipt for, a preliminary short form base shelf prospectus. The Prospectus was filed with the securities regulatory authorities in each of the Provinces of Canada except Québec."/>
Mosaic Capital Corporation Files Preliminary Base Shelf Prospectus
Invesco closed-end funds listed below today declared the following dividends. Form 1099- DIV for the calendar year will report distributions for federal income tax purposes. The Fund's annual report to shareholders will include information regarding the tax character of Fund distributions for the fiscal year."/>
Invesco Closed-End Funds Declare Dividends
Brookdale Senior Living Inc. today announced that management will participate in a discussion regarding the Company at the Wells Fargo 2016 Healthcare Conference in Boston, Massachusetts on Thursday, September 8, 2016, beginning at 2:20 p.m. Eastern Time. The presentation is being audio webcast live and can be accessed on the Internet at https://cc.talkpoint.com/well001/090716a_ae/? entity= 85 _WFB86BL as well as through the..."/>
Brookdale to Present at the Wells Fargo 2016 Healthcare Conference
Maiden Reinsurance Ltd. and its reinsured affiliate, Maiden Reinsurance North America, Inc.. The companies are subsidiaries of Maiden Holdings, Ltd. All companies are headquartered in Hamilton, Bermuda, unless otherwise specified. Best also has upgraded the ICRs to“ bbb” from“ bbb-” for Maiden Holdings and its subsidiary, Maiden Holdings North America, Ltd., whose debt is fully and..."/>
A.M. Best Upgrades Ratings of Maiden Holdings, Ltd. and Its Subsidiaries
CI Financial Corp. today reported assets under management at August 31, 2016 of $112.4 billion and total assets of $149.3 billion. Assets under management increased by $5.0 billion or 4.7% year over year and were down slightly in the month of August. Total assets gained $8.3 billion for the 12- month period and declined slightly in August."/>
CI Financial reports assets under management
Central Pacific Financial Corp., announced today that President and Chief Executive Officer A. Catherine Ngo and Chief Financial Officer and Treasurer David S. Morimoto are scheduled to present at the Raymond James Bank Conference in Chicago. The presentation is scheduled for Wednesday, September 7, 2016 at 10:25am Central Daylight Time. A live webcast of the presentation will be available at Central Pacific's investor relations website,..."/>
Central Pacific Financial Corp. To Present At The Raymond James Investor Conference
Canaccord Genuity Group Inc. announced today the applicable dividend rates for its Cumulative 5- Year Rate Reset First Preferred Shares, Series A and its Cumulative Floating Rate First Preferred Shares, Series B, further to its press release dated August 12, 2016 announcing that it does not intend to exercise its right to redeem all or any part of the currently outstanding Series A Preferred Shares and, as a result of which, subject to certain conditions,..."/>
Canaccord Genuity Group Inc. Announces Dividend Rates on Cumulative 5-Year Rate Reset First Preferred Shares, Series A and Cumulative Floating Rate First Preferred Shares, Series B
Aflac Incorporated announced today that it will webcast its upcoming Tokyo Financial Analysts Briefing in Japan. This briefing will be held on September 11, 2016 at 8:00 p.m., which is September 12, 2016 at 9:00 a.m.. The speakers, who will cover the company's financial outlook and operations in Japan, include executive management from Japan and the U.S."/>
Aflac Incorporated to Webcast 2016 Tokyo Financial Analysts Briefing

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