Industry News

Crypto-currencies: they are such a blur [Mint, New Delhi]
Motilal Oswal Financial Services, started investing in equity almost three decades ago, and has not only seen the domestic equity space move from open outcry cash dealings to sophisticated, regulated digital trades on exchanges but has also been through many market and economic cycles. In all these years, Agrawal says, the most important learning has been that nothing can beat quality and patience. Agrawal spoke to Mint about how markets are..."/>
If large companies don't move, how will the index move ahead' [Mint, New Delhi]
Chubb's risk management solutions division, has launched three new industry practices for life sciences, real estate and hospitality, and staffing firms. "The new Life Sciences, Real Estate and Hospitality, and Staffing Industry Practices join our existing Global, Healthcare, and Construction Industry Practices to collectively offer customized claims and risk management solutions. The goal is to provide a higher level of..."/>
ESIS Launches Three Industry Practices to Provide Customers in Life Sciences, Real Estate, and Staffing with Specialized Insurance Claims and Risk Management Solutions
Synchrony Financial continues to hire. The company will have a job fair, with a special focus on individuals and veterans with disabilities, from 11 a.m. to 3 p.m. The event will be at the The Job Center, 1133 S. Edwin C. Moses Blvd., Dayton, at the job services entrance."/>
BRIEF: Local financial services firm to host job fair [Dayton Daily News, Ohio]
Central Federal Corporation announced that its wholly owned banking subsidiary, CFBank has relocated its headquarters to its Columbus market office building located in Worthington, Ohio. Effective July 1, 2016, CFBank relocated its home office to 7000 N. High Street, Worthington, OH 43085, which is the same Central Ohio area location as the Company's headquarters. CFBank's home office was previously located in Fairlawn, Ohio, a..."/>
Central Federal Corporation Announces The Relocation Of CFBank's Headquarters
CBOE Holdings Inc., just five months after becoming a publicly traded company. The deal followed unconfirmed reports Friday that the two companies were in talks. Bats, founded in 2005, runs the second-largest stock exchange in the nation behind the New York Stock Exchange, and CBOE is a major options market operator."/>
Lenexa-based Bats Global Markets agrees to $3.2 billion buyout [The Kansas City Star]
W. R. Berkley Corporation will release its third quarter 2016 earnings after the market closes on Tuesday, October 25, 2016. A copy of the earnings release will be available on the Company’ s website at www.wrberkley.com. The Company has scheduled its quarterly conference call with analysts and investors to discuss its earnings and other information on Tuesday, October 25, 2016 at 5:00 p.m. eastern time."/>
W. R. Berkley Corporation to Announce Third Quarter 2016 Earnings on October 25, 2016
NASDAQ Stock Market LLC announced today that, in disciplinary actions initiated by the Financial Industry Regulatory Authority on their behalf, the exchanges collectively fined Merrill Lynch, Pierce, Fenner& Smith Incorporated $3 million for violating the Securities and Exchange Commission’ s market access rule..."/>
Six Exchanges Collectively Fine Merrill Lynch $3 Million for Violating the SEC’s Market Access Rule and the Exchanges’ Respective Supervision Rules
Aon plc, in conjunction with the American Society for Healthcare Risk Management. While professional liability claim frequency showed a decrease of one..."/>
Health Care Systems Show Moderate Decrease in Liability Claims, Find Correlation Between Worker Safety and Patient Safety
Aon plc, shows U.S. employers aren't planning to spend more on compensation budgets for 2017- which may likely create a stumbling block for employers when it comes to attracting and retaining high performers. Salary Increase Survey of 1,074 U.S. companies, projects base pay is expected to be 3.0 percent in 2017, up slightly..."/>
Compensation Budgets Expected to Stay Flat Despite Stronger Job Market
MainStreet Bank announced the promotion of Abdul Hersiburane to Executive Vice President and Director of Business Development. Hersiburane joined MainStreet Bank in 2007 as a Relationship Manager and has progressed within the Bank over the past nine years. Abdul has worked to unite the lenders and relationship managers toward a strong culture of team-oriented business development."/>
Abdul Hersiburane named Executive Vice President
MetLife’ s Corporate Benefit Funding Customer Solutions Center team has been recognized by J.D. Power for providing "An Outstanding Customer Service Experience" for the Live Phone Channel. The certification places MetLife’ s Corporate Benefit Funding business among a select few institutional retirement providers that have achieved this status."/>
MetLife’s Corporate Benefit Funding Customer Solutions Center Receives First Ever J.D. Power Certification for Customer Service
KeyCorp has received regulatory approval from the Office of the Comptroller of the Currency for the merger of First Niagara Bank into KeyBank, the company said. KeyCorp acquired First Niagara Bank on August 1, 2016 pursuant to its merger with First Niagara Financial Group. KeyCorp's is a bank-based financial services companies with assets of approximately USD101 billion as of June 30, 2016."/>
KeyBank obtains regulatory approval for First Niagara Bank merger
First Bancorp the parent company of First Bank, has entered into an agreement with the Federal Deposit Insurance Corporation that terminates all loss share agreements between First Bank and the FDIC. The company said the loss share agreements were related to two failed bank acquisitions from 2009 and 2011.. Under the terms of the agreement, First Bank paid USD2.0 million to the FDIC and all rights and obligations related to payments under the agreements were terminated."/>
First Bancorp terminates FDIC loss share agreements
Regency Affiliates, Inc. has declared a quarterly dividend of USD06.10 per common share, the company said. The dividend represents an increase of 3.8 percent and will be paid on October 7, 2016 to shareholders of record at the close of trading on September 30, 2016.. Regency Affiliates, Inc. owns three assets: a 50 percent limited partnership interest in the 717,000 square foot facility Security West complex located on 34.3 acres in Woodlawn, Maryland, An indirect 50 percent..."/>
Regency Affiliates declares quarterly dividend
MVB Financial Corp. has appointed Gary A. LeDonne as a member of its board of directors, the company said. LeDonne is currently an executive in residence, at the West Virginia University College of Business and Economics. Prior to joining West Virginia University, he served as a regional tax managing partner with Ernst& Young."/>
MVB Financial names new board member
Compass Diversified Holdings has entered into a definitive agreement and consummated the sale of its majority owned subsidiary, Anodyne Medical Device, Inc., also doing business and known as Tridien Medical to Hill-Rom, Inc., the company said. Compass Diversified Holdings owns and manages a diverse family of North American middle market businesses. CODI maintains controlling ownership interests in subsidiaries including: 5:11, Advanced Circuits, Clean Earth, Ergobaby,..."/>
Compass reports sale of Tridien Medical
MCBC Holdings, Inc., the company said. Held by affiliates of Wayzata Investment Partners, MCBC priced the 4.6 million shares of its common stock to the public at USD10.25 per share. MCBC Holdings, Inc. is the parent of MasterCraft Boat Company, a designer, manufacturer and marketer of sport boats."/>
B. Riley & Co. co-manages MCBC Holdings follow-on offering
Bank of South Carolina Corporation, the parent Company for The Bank of South Carolina, has declared a quarterly cash dividend of USD0.14 per share, the company said. The dividend is payable on October 31, 2016 to shareholders of record October 3, 2016.. The Bank of South Carolina, a de novo charter, which opened in 1987 has offices in Summerville, Mt."/>
Bank of South Carolina declares dividend
Crossroads Capital, Inc. has reported its portfolio company Mode Media Corporation ceased operations on September 15, 2016, the company said. The fair value of the company's investment in Mode Media as of June 30, 2016, was USD1, 410,000 and represented 4.6 percent of net assets. The company said it anticipates a write-down of this investment as a result of the cessation of operations."/>
Crossroads Capital portfolio company shuts down
Westwood Holdings Group, Inc. is pleased to announce an extension of our long term strategic partnership with Aviva Investors in the global convertibles asset class.. With immediate effect, Aviva Investors has appointed Westwood to sub-advise the Aviva Investors Global Convertibles Fund, a Luxembourg-domiciled long-only convertibles fund, available to non-U.S. investors in certain countries. Westwood will also continue to manage the Aviva Global..."/>
Westwood Holdings Group and Aviva Investors Announce Extension of Strategic Partnership

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