Industry News

TMX Group today announced that it is funding an independent working group, the Advancing Innovation Roundtable, which will examine ways to increase access to growth capital for companies in Canada's innovation economy. Launching in September 2016, the Roundtable will focus on the scalability issues of Canadian technology and innovation firms caused by insufficient..."/>
Unlocking Growth Opportunities for Canada's Innovation Economy
Safeguard Scientifics, Inc.. For more than 60 years, Safeguard has been providing capital and operational support to entrepreneurs across an evolving spectrum of industries, according to the company's website. The video interview was recorded on Tuesday, August 9, 2016 via Skype from SNN's office in Los Angeles,..."/> Publishes New Video Interview with Safeguard Scientifics (NYSE: SFE)
TCP Capital Corp. today announced the appointment of M. Freddie Reiss as an independent director. Reiss will expand TCPC's Board of Directors to seven members. Reiss will serve on the Audit Committee, Governance and Compensation Committee, and Joint Transactions Committee."/>
M. Freddie Reiss Named Independent Director At TCP Capital Corp.
T. Rowe Price Group, Inc. announced today that its Board of Directors has declared a quarterly dividend of $0.54 per share payable September 29, 2016 to stockholders of record as of the close of business on September 15, 2016.. Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. is a global investment management organization with $776.6 billion in assets under management as of June 30, 2016. The organization provides a broad array of..."/>
T. Rowe Price Group Declares Quarterly Dividend
First Defiance Financial Corp and Commercial Bancshares Inc jointly revealed on Wednesday the signing of a definitive merger agreement in a transaction valued at USD51.00 per share, whereby First Defiance will acquire Commercial, which will close in the first quarter of 2017 and is subject to Commercial's shareholder and regulatory approval and other conditions in the merger agreement. The transaction value is based on the 20- day average closing price of First..."/>
First Defiance Financial signs merger agreement with Commercial Bancshares worth USD51.00 per share
Macy's new outlet store-- a first for the region. Shoes, bags, apparel and home decor will start lining shelves later this week in preparation for the opening of Macy's Backstage, The Outlet Store, on Labor Day weekend. Backstage-- the name takes a cue from the chain's flagship store at Herald Square and Broadway in New York-- will be housed on the first..."/>
Macy's Backstage opening soon at Monroeville Mall [Pittsburgh Post-Gazette]
Union Bankshares Corporation today announced that G. William Beale, 66, will step down as Chief Executive Officer on January 2, 2017, and will be succeeded by John C. Asbury, 51, who will become President of Union Bankshares Corporation and President and CEO of Union Bank& Trust effective October 1, 2016. Beale will continue to work in an executive capacity as Executive Vice Chairman of the Board for Union Bankshares Corporation..."/>
Union Bankshares Corporation Names John C. Asbury President; To Succeed G. William Beale as CEO in 2017
A-Mark Precious Metals, Inc., a full-service precious metals trading company and an official distributor for all the major sovereign mints, has been invited to present at the 2016 Gateway Conference being held on September 7-8, 2016 at the Four Seasons Hotel San Francisco.. Management is scheduled to present on Thursday, September 8 at 11:00 a.m. Pacific time, and will hold one-on-one meetings throughout the day. The presentation will be webcast..."/>
A-Mark Precious Metals to Present at the 5th Annual Liolios Gateway Conference on September 8, 2016
Nordax Group AB announced on Tuesday the decision by its board of directors to exercise the mandate for acquisitions of own shares that it received from the Annual General Meeting on 11 May 2016.. Reportedly, the purpose of the acquisition of own shares is to enable the company to satisfy obligations as a result of allocations of shares to employees within the scope of the group's long-term management incentive plans. These acquisitions are to be to a maximum of 455,000 own..."/>
Nordax’s board decides on own share acquisition
Bancorp, Inc., a financial holding company, announced today that it has sold $65 million of mostly commercial real estate loans from its discontinued loan portfolio. The sale reduced The Bancorp’ s discontinued commercial loan portfolio, net of marks, from $400 million at June 30, 2016 to approximately $335 million, a decrease of 16%, at August 22, 2016. A gain of approximately $500,000 was recognized upon the sale which closed on August 22, 2016.."/>
The Bancorp, Inc. Announces Sale of $65 Million of Discontinued Commercial Loans
Hospitality Properties Trust today announced that the underwriters of its recent public offering of common shares have exercised in full their option to purchase an additional 1,650,000 common shares of beneficial interest, raising additional net proceeds of approximately $48.6 million. The settlement for such shares is expected to occur on August 26, 2016.. The joint bookrunning managers for this offering were Citigroup, BofA Merrill Lynch and Morgan..."/>
Hospitality Properties Trust Announces Underwriters’ Exercise of Option to Purchase Additional Shares
Nordax Group AB announced on Tuesday the decision by its board of directors to exercise the mandate for acquisitions of own shares that it received from the Annual General Meeting on 11 May 2016.. Reportedly, the purpose of the acquisition of own shares is to enable the company to satisfy obligations as a result of allocations of shares to employees within the scope of the group's long-term management incentive plans. These acquisitions are to be to a maximum of 455,000 own..."/>
Nordax’s board decides on own share acquisition
Hilltop Holdings Inc. today announced the appointment of William B. Furr as chief financial officer effective September 1, 2016. In his new role, Furr will oversee all accounting and finance functions for Hilltop at the holding company level, including accounting, tax, external reporting, treasury, financial planning and analysis, capital planning, stress testing, and Sarbanes-Oxley compliance. As CFO, he will be actively involved with the Hilltop Holdings..."/>
Hilltop Holdings Names William B. Furr Chief Financial Officer
Royal Bank of Scotland Group PLC, HSBC Holdings PLC, UBS Group AG, and East West Bancorp Inc.."/>
How These Banking Stocks are Faring? -- Royal Bank of Scotland, HSBC Holdings, UBS Group, and East West Bancorp
Old Republic International Corporation declared on Tuesday that its board of directors authorised a quarterly common stock cash dividend of USD0.1875 per share. This dividend will be paid on 15 September 2016 to shareholders of record on 2 September 2016. The company's full year cash dividend equals USD0.75 per share, up from that paid in 2015."/>
Old Republic announces dividend of USD0.1875 per share for quarter
Medical Properties Trust revealed on Tuesday the addition of Michael G. Stewart and C. Reynolds Thompson, III to its board of directors. Prior to the promotion, Stewart served as executive vice president, general counsel and secretary of Medical Properties Trust from 2005 to 2010.. Stewart has also served as vice president and general counsel at Complete Healthcare Services, general counsel and executive vice president at MPT."/>
Medical Properties Trust names Michael G. Stewart and C. Reynolds Thompson, III to board
Hanover Insurance Group Inc approved a quarterly dividend of USD0.46 per share on the issued and outstanding common stock of the company, it disclosed on Tuesday. Shareholders of record at the close of business on 16 September 2016 will receive the dividend payment on 30 September 2016.. A large insurance business, the Hanover Insurance Group is the holding company for several property and casualty insurance companies, which together provides a..."/>
Hanover Insurance announces dividend of USD0.46 per share for quarter
Annaly Capital Management Inc., VEREIT Inc., Spirit Realty Capital Inc., and Gramercy Property Trust Inc.. A REIT, or Real Estate Investment Trust, is a company that owns or finances income-producing real estate."/>
REIT Stocks Under Review -- Annaly Capital Management, VEREIT, Spirit Realty Capital, and Gramercy Property Trust
First Defiance Financial Corp. and Commercial Bancshares, Inc. have signed a definitive merger agreement under which First Defiance will acquire Commercial in a transaction valued at USD 51.00 per share, the companies said. This value is based on the 20- day average closing price of First Defiance common stock of USD 43.19 ending 22 August 2016.. Upon completion, Commercial's wholly owned subsidiary, Commercial Savings..."/>
Ohio’s First Defiance Financial to Acquire Commercial Bancshares in USD 63m Deal
Cousins Properties Inc. and Parkway Properties, Inc. have voted to approve the companies' definitive agreement for a stock-for-stock merger and the simultaneous spin-off of the Houston-based assets of both companies into a new publicly-traded REIT at separate special meetings, the companies said. The transactions will result in two independent and internally-managed office REITs. Under the terms of the agreement,..."/>
US REITs Cousins, Parkway Properties Win Shareholder Nods for Merger
Premier Financial Bancorp Inc on Tuesday declared a third quarter 2016 cash dividend of USD0.15 per share on its common stock, as approved by its board of directors. All shareholders of record on 15 September 2016 will be paid the dividend on 30 September 2016.. Premier Financial is a multi-bank holding company that provides community banking services."/>
Premier Financial Bancorp declares dividend of USD0.15 per share for Q3 2016
Exchange Bank announced on Tuesday that it will pay a quarterly cash dividend of USD0.70 per share, increased by 27%, on the company's outstanding common stock. All shareholders of record at the close of business on 2 September 2016 will receive the dividend payment on 16 September 2016.. Additionally, the bank stated that 51% of its cash dividend goes to the Doyle Trust, which funds the Doyle Scholarships at the Santa Rosa Junior College."/>
Exchange Bank announces 27% higher quarterly dividend of USD0.70 per share
Santa Cruz County Bank has been ranked as the top bank in California for the second quarter in 2016 by Financial Management Consulting Group, the company said. The bank was ranked number one for lowest non-performing assets. FMC ranks banks on a quarterly and annual basis based on net interest margin, efficiency, asset quality and earnings."/>
Santa Cruz County Bank ranked top bank in California by FMC
WesBanco, Inc. has received all necessary regulatory approvals for the merger between WesBanco, Inc. and Your Community Bankshares, Inc., the company said. Shareholders of Your Community Bankshares approved the merger through adoption of the previously announced agreement and plan of merger, pursuant to which Your Community Bankshares will merge with and into WesBanco. WesBanco, Inc. is a multi-state bank holding company with total assets of approximately USD8.4 billion."/>
WesBanco receives regulatory approvals on merger with Your Community Bankshares

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