Industry News

Merchants Financial Group, the parent of Merchants Bank, reported solid earnings for the second quarter of 2016 last week. Merchants' report showed a net income of $3.18 million for the second quarter, which was down from $3.25 million in the first quarter. Total assets at the end of the second quarter were $1.6 billion compared to $1.59 billion at the end of the first quarter."/>
Heard on the Street: Commercial and mortgage loans drive Merchants earnings [Post-Bulletin, Rochester, Minn.]
Morningstar who hired Jeff Blackmon as 1616' s executive chef. The restaurant will have a menu featuring items such as a smoked gouda mac' n' cheese burger, homemade baked pimento cheese on crostini, savory cheesy shrimp and grits and blackened chicken salad."/>
BRIEF: Restaurant 1616 Gervais set to open later this month [The State (Columbia, S.C.)]
IGM Financial Inc. today reported preliminary total mutual fund net new money in July of million as shown in Table 1. Total assets under management were $138.5 billion at July 31, 2016, compared with $134.7 billion at June 30, 2016 and $137.9 billion at July 31, 2015. Mutual fund assets under management were $132.3 billion as at July 31, 2016, compared with $128.7 billion at June 30, 2016 and $131.6 billion at July 31, 2015. Assets under management..."/>
IGM Financial Inc. Announces July 2016 Mutual Fund Sales and Total Assets Under Management
Moody's Investors Service's latest report. The rating agency's report,' Emirates NBD-- retail franchise drives resilience against prolonged liquidity tightening', is an update to the markets and..."/>
Emirates NBD can weather liquidity tightening, says Moody's [Khaleej Times, Dubai, United Arab Emirates]
First Interstate BancSystem, Inc. executives Kevin Riley, President and CEO, and Marcy Mutch, Chief Financial Officer, will visit the Nasdaq MarketSite in Times Square to ring the opening bell of the Nasdaq Stock Market. First Interstate BancSystem, Inc. is an $8.6 billion financial services holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community banking organization..."/>
First Interstate Bank Executives to Ring Opening Bell of Nasdaq Stock Market
Assured Guaranty Ltd. today declared a quarterly dividend of $0.13 per common share. The dividend is payable on August 31, 2016 to shareholders of record at the close of business on August 17, 2016.. Assured Guaranty Ltd. is a publicly traded Bermuda-based holding company."/>
Assured Guaranty Ltd. Declares Quarterly Dividend of $0.13 Per Common Share
Citi Private Bank Expands Bay Area Presence
Northern Trust. The results are reviewed and reconciled between the..."/>
Bridgewater Associates Launches Industry First Dual-Party Outsourcing Model
New York REIT, Inc. of its immediate termination of the previously announced master combination agreement with the JBG/Operating Partners, L.P. and its adoption of a new plan of selling individual assets. Michael Ashner commented, "e are pleased that NYRT's Board has finally..."/>
Ashner/Witkoff Stockholder Group Comments On New York REIT's Termination Of JBG Combination
First Interstate BancSystem, Inc., a community banking organization headquartered in Billings, Montana, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Kevin P. Riley, President& CEO, will ring the Opening Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
First Interstate BancSystem, Inc. (Nasdaq: FIBK) to Ring The Nasdaq Stock Market Opening Bell
Landmark Infrastructure Partners LP announced today that it has commenced an underwritten public offering of Series B Cumulative Redeemable Perpetual Preferred Units representing limited partner interests in the Partnership. The Partnership intends to grant the underwriters a 30- day option to purchase additional Series B Preferred Units.. The Partnership intends to use the net proceeds from the offering, including any proceeds from any..."/>
Landmark Infrastructure Partners LP Announces Launch of Public Offering of Series B Preferred Units
Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank are proud to announce the Bank's designation by the U.S. Small Business Administration as a Preferred Lender within the SBA Preferred Lender Program. The Bank introduced its SBA lending division in 2015. This new designation offers the bank the ability to streamline the process of providing financial assistance to eligible small businesses."/>
Peapack-Gladstone Bank Designated a Small Business Administration Preferred Lender

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