Industry News

Validus Holdings, Ltd., today announced the appointment of Arya Yarpezeshkan as Senior Vice President, Director of Risk Management, effective October 3, 2016. Arya brings to Western World two decades of career experience, having dedicated the last 12 years to integrated risk management and strategic planning. In his new role, Arya will be responsible for overseeing a small team of risk..."/>
Western World Insurance Group Announces Appointment of Arya Yarpezeshkan as Director of Risk Management
Citigroup Inc. today declared dividends on Citigroup’ s preferred stock as follows:. –8.125% Non-Cumulative Preferred Stock, Series AA, payable November 15, 2016, to holders of record on November 4, 2016. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.5078125 for each receipt held."/>
Citigroup Declares Preferred Dividends
Triangle Capital Corporation, a leading provider of capital to lower middle market companies, announced today that its Board of Directors has approved the following senior management promotions:. Jeffrey A. Dombcik to Senior Managing Director and Chief Credit Officer; Cary B. Nordan to Senior Managing Director and Chief Origination Officer; and Douglas A. Vaughn to Senior Managing Director and Chief Administrative Officer.. Dombcik, Nordan and Vaughn..."/>
Triangle Capital Corporation Announces Senior Management Promotions
Reinsurance Group of America, Incorporated plans to release third-quarter earnings on Wednesday, October 26, at approximately 4:15 p.m. The release will be issued via newswire and will also be available through RGA’ s website, RGA will host a conference call to discuss the third-quarter results beginning at 11 a.m."/>
Reinsurance Group of America Announces Third-Quarter Earnings Release Date, Webcast
Virtus Investment Partners, Inc., which operates a multi-manager asset management business, today announced it has enhanced its capital position by entering into a new credit agreement that replaces its current $75.0 million secured credit agreement, which was scheduled to mature in September 2017.. The new unsecured facility has a five-year term and capacity of $150.0 million, with a $50.0 million increase provision, conditioned on..."/>
Virtus Investment Partners Enters New Unsecured Credit Facility
California Republic Bancorp, a bank holding company for California Republic Bank, which became effective on October 1, 2016. Pursuant to the terms of the merger, CRB shareholders will receive cash consideration of $37.19 per share. Mechanics also announced today that it has completed its previously announced rights offering."/>
Mechanics Bank Announces Completion of Merger with California Republic Bancorp and Rights Offering
Prudential Short Duration High Yield Fund, Inc., a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended August 31, 2016.. The Fund files its annual and semi-annual stockholders reports on Form N-CSR, as well as complete schedule of investments with the Securities and Exchange Commission for the first and third quarters of each fiscal year on Form N-Q. The Fund’ s Forms N-Q are available on..."/>
Prudential Short Duration High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended August 31, 2016
Boston Private Financial Holdings, Inc. will report third quarter 2016 financial results after market close on Thursday, October 20, 2016.. Management will hold a conference call at 8 a.m. Eastern Time on Friday, October 21, 2016 to discuss the financial results, business highlights and outlook."/>
Boston Private Financial Holdings, Inc. to Announce Third Quarter 2016 Results
Midland States Bancorp, Inc. announced today that it entered into an agreement with the Federal Deposit Insurance Corporation on October 3, 2016 to terminate its existing loss share agreements with the FDIC. The loss share agreements are with respect to certain assets Midland acquired from the FDIC as part of the two FDIC-assisted bank acquisitions it has done, one in 2009 and one in 2010.. Under the terms of the agreement, Midland made a net payment to..."/>
Midland States Bancorp Announces Early Termination of FDIC Loss Share Agreements
Eaton Vance closed-end funds announced distributions today as detailed below. Funds Making Distributions Under a Managed Distribution Plan*:. *These Funds make distributions in accordance with a managed distribution plan."/>
Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
Synovus Financial Corp. said Monday it has wrapped up its $30 million purchase of Atlanta-based lender Entaire. Entaire Global Companies, founded in 2001, is a privately owned life insurance premium finance lender, with fewer than 25 employees. Its subsidiary, Global One, specializes in non-mortality loans to commercial entities."/>
BRIEF: Synovus wraps up $30 million buyout of Atlanta company [Columbus Ledger-Enquirer, Ga.]
Bank of the Ozarks, Inc. announced its Board of Directors has approved a regular quarterly cash dividend of $0.165 per common share payable October 21, 2016 to shareholders of record as of October 14, 2016. The dividend of $0.165 per common share represents an increase of $0.005 per common share, or 3.13%, over the dividend paid in the previous quarter. The Company has increased its quarterly cash dividend in each of the last twenty-five quarters."/>
Bank of the Ozarks, Inc. Announces Increased Regular Quarterly Dividend
Siebert Financial Corp. today announced that, in accordance with Siebert Financial’ s prior announcement on September 1, 2016, Siebert Financial’ s Board of Directors has declared a special dividend in the amount of $0.20 per share of outstanding common stock payable on October 24, 2016, to the shareholders of record on October 13, 2016.. Siebert Financial Corp. is a holding company which conducts all of its brokerage operations through Muriel Siebert& Co., Inc. The..."/>
Siebert Financial Corp. Announces Special Dividend
BlackRock Capital Investment Corporation announced today that it will report earnings for the third quarter 2016 on Wednesday, November 2, 2016 after the close of the financial markets. BlackRock Capital Investment invites all interested persons to attend its webcast/teleconference at 10:00 a.m. on Thursday, November 3, 2016 to discuss its third quarter 2016 financial results. The Company's third quarter earnings release will be available in the investor..."/>
BlackRock Capital Investment Corporation to Report Third Quarter 2016 Earnings on November 2
Bank SNB Opens New Facility at Domain Northside
Paratek Pharmaceuticals, Inc., a biopharmaceutical company focused on the development and commercialization of innovative therapies based upon its expertise in novel tetracycline chemistry, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Michael Bigham, Chairman and Chief Executive Officer, will ring the Closing Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
Paratek Pharmaceuticals, Inc. (Nasdaq: PRTK) to Ring The Nasdaq Stock Market Closing Bell
First Northern Community Bancorp has announced the appointment of Sean P. Quinn to both the Bank and Bancorp’ s Boards of Directors effective October 1, 2016. He will also serve on First Northern Bank’ s Audit Committee and Compensation Committee. Quinn fills the Board seat left vacant from Owen“ John” Onsum’ s retirement on September 30, 2016 at First Northern’ s mandatory director..."/>
Sean P. Quinn Appointed to the Board of First Northern Community Bancorp
Oak Valley Bancorp, recently announced that Robert Sharp has joined the Bank as Vice President, Branch Manager of the Bank's Mammoth Lakes Branch. Sharp has several years of banking experience. As Branch Manager, he will be responsible for overseeing branch operations in the town of Mammoth and business development throughout the Bank's footprint along the 395 corridor."/>
Eastern Sierra Community Bank Announces Branch Manager Hiring
Central Valley Community Bancorp in Fresno said Monday that it has completed CVCB's acquisition of Folsom-based Sierra Vista Bank. A definitive purchase agreement was announced by both banking firms in April. CVCB will now oversee Sierra Vista's branches in Folsom, Cameron Park and Fair Oaks."/>
BRIEF: Fresno banking firm completes acquisition of Sierra Vista Bank [The Sacramento Bee]
BB&T Corp. will pay $83 million to settle charges that it originated and underwrote federally insured mortgages that failed to meet government requirements. The second-largest bank by deposits in the greater Lehigh Valley exposed taxpayers to "substantial losses," the U.S. Justice Department said Thursday in a news release."/>
BB&T paying $83 million settlement in Justice Department investigation [The Morning Call (Allentown, Pa.)]

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