Industry News

Glacier Bancorp, Inc. today announced the completion of its acquisition of Treasure State Bank, a community bank based in Missoula, Montana, effective August 31, 2016. Treasure State Bank provides banking services to individuals and businesses in the greater Missoula market. Treasure State Bank has merged into Glacier Bank and will become part of“ First Security Bank, a division of Glacier Bank” following integration."/>
Glacier Bancorp, Inc. Completes Acquisition of Treasure State Bank in Missoula, Montana
Associated Bank confirms plans for new Rhinelander branch
Citizens Financial Group's chairman and CEO, Bruce Van Saun, Wednesday."/>
Citizens Bank breaks ground for new corporate campus in Johnston [The Providence Journal, R.I.]
Universal Insurance Holdings Inc approved a common stock cash dividend of USD0.14 per share, the company reported on Wednesday. This dividend will be paid to shareholders of record on 12 September 2016 on 24 October 2016. Also, the annual aggregate dividend for 2016 will be USD0.56 per share, the company said."/>
Universal Insurance declares dividend of USD0.14 per share for quarter
Arrow Financial Corporation revealed on Wednesday that the company will pay a 3% stock dividend. The dividend will be distributed on 29 September 2016 to all shareholders of record on 21 September 2016. Accordingly, the stockholders will receive three additional shares of common stock for every 100 shares owned and the cash equivalent of any fractional shares which they are entitled to, since no partial shares will be..."/>
Arrow Financial announces 3% stock dividend
Reliance Industries annual general meeting on Thursday. Over the past five years, RIL, India's largest private sector company has announced its entry into several new businesses and investors and analysts will want to know more--including specifics on the keenly-waited, much-delayed, always-imminent launch of Jio. Here's what they will be looking for:."/>
Reliance Industries AGM: Top five things to look at [Mint, New Delhi]
Key takeaways from June quarter GDP numbers [Mint, New Delhi]
Indian Overseas Bank, said Vinod Rai, chairman of the Bank Board Bureau, on Wednesday. "The selection was made a long time back. There was a particular issue on which it got held up and now that's been clarified."/>
Govt may announce new MD and CEO for Indian Overseas Bank on Friday [Mint, New Delhi]
Key takeaways from June quarter GDP numbers [Mint, New Delhi]
Bank of India governor Raghuram Rajan accepted a recommendation by the technical advisory committee to keep the policy rate unchanged at the 9 August monetary policy review, the last of his tenure, according to the minutes of TAC's pre-policy meeting released on Wednesday. TAC comprises five external members and is chaired by the RBI governor. The deputy governor in charge of monetary policy is an internal member of TAC, which was formed in July 2005 to..."/>
Raghuram Rajan accepts recommendation by panel to keep policy rate unchanged [Mint, New Delhi]
Bank of India, Indian Bank, Union Bank of India and DCB Bank Ltd.. RBL Bank shares closed 33.02% higher on BSE at Rs.299.30..."/>
RBL Bank makes stellar debut; market cap crosses Rs11,000 crore [Mint, New Delhi]
Moody's Investors Service, which estimated the state's backlog of unpaid bills could reach a new high of $14 billion by next summer. Illinois is spending more than it's taking in following the rollback of a 2011 temporary income tax increase that's resulted in revenues dropping by..."/>
Illinois' pile of unpaid bills could hit record of $14 billion next summer [Chicago Tribune]
EF Hutton America, a storied financial firm based in New York City, will move to downtown Springfield, bringing as many as 400 jobs over five years and investing about $22 million. The financial services firm, initially founded in 1904, will also buy two prominent downtown properties-- the former Credit Life Building and the State Theatre. Local leaders said the move could be a catalyst to spur further development and growth downtown, but stressed the deal is contingent on..."/>
Financial firm plans to move to downtown Springfield, add 400 jobs [Dayton Daily News, Ohio]
Daily Mail, London, business briefs column [Daily Mail, London]

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