Industry News

Brookline Bancorp, Inc. has named Darryl Fess as president& CEO of Brookline Bank, the company said. Fess, who for the past five years has led the bank's commercial real estate lending banking group, has been with Brookline Bank since May of 2010.. Fess has over 25 years of banking experience with a diverse lending background."/>
Brookline Bancorp names president/CEO of Brookline Bank
Diamond Hill Investment Group, Inc., has launched Diamond Hill Short Duration Total Return Fund and Diamond Hill Core Bond Fund, the company said. Diamond Hill Short Duration Total Return Fund will focus on investing in a diversified portfolio of investment grade fixed income securities and may invest a significant portion or all of its assets in asset-backed, mortgage-related, and mortgage-backed securities."/>
Diamond Hill launches 2 fixed income mutual funds
Great Southern Bancorp, Inc., the holding company for Great Southern Bank, has declared a USD0.22 per common share dividend for the third quarter of the calendar year ending December 31, 2016, the company said. The dividend will be payable on October 13, 2016, to shareholders of record on October 3, 2016.. With total assets of USD4.4 billion, Great Southern offers banking and investment services."/>
Great Southern Bancorp declares quarterly dividend
Virtus Total Return Fund has declared a USD0.10 per share dividend distribution for the third quarter of 2016, the company said. The dividend is payable on October 20, 2016, to shareholders of record on October 13, 2016.. The Virtus Total Return Fund is a diversified closed-end fund with an objective of total return, consisting of both capital appreciation and current income, as determined by the Fund's investment adviser, Virtus Investment Advisers, Inc. Virtus Investment..."/>
Virtus Total Return Fund declares distribution
Sunwah International Limited, TSX: SWH, an Asian based financial services firm, announces that it has extended the maturity date of the Company's 8% unsecured debentures with a principal amount of CAD6, 000,000 for one year from September 19, 2016 to September 19, 2017. Other terms and conditions of the Debentures, including its interest rate of 8% and the payment of the arrangement fee of 1% of the principal amount of the Debentures, remain unchanged."/>
Sunwah International Announces Amendments to Debentures
Nasdaq MarketSite in Times Square in celebration of its rebrand from IDI, Inc. and transfer from NYSE MKT to the Nasdaq Stock Market. In honor of the occasion, Derek Dubner, Chief Executive Officer, will ring the Opening Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
Cogint, Inc. (Nasdaq: COGT) to Ring The Nasdaq Stock Market Opening Bell on Monday, September 26, 2016
Nasdaq MarketSite in Times Square. Hosted in New York from September 26th to 30th, the 18 th global edition of the event will bring together the brightest business and creative leaders to share their visions, passions, and practices at Advertising Week."/>
Advertising Week 2016 to Ring The Nasdaq Stock Market Closing Bell
Voya Financial, Inc., announced today that its Retirement business has been selected as the new recordkeeper for the City of Los Angeles Deferred Compensation Plan. The City of Los Angeles Deferred Compensation plan is a voluntary 457 defined contribution plan that allows public employees of the city to set aside funds from each paycheck toward their retirement. As of June 30, 2016, the plan represented approximately $4.9 billion in..."/>
Voya Financial Selected as New Service Provider for City of Los Angeles Retirement Plan
SB Financial Group, Inc. has opened a new residential real estate loan production office in Warsaw, Indiana, the company said. The Warsaw loan production office will provide customers with personalized solutions for residential real estate needs. Leading the entrance into the Warsaw market and the surrounding areas will be Rich Galbreath, who joined the State Bank team in 2015.."/>
SB Financial expands into Warsaw, Indiana market
Genworth MI Canada Inc. today announced that on September 23, 2016, the Office of the Superintendent of Financial Institutions released a draft advisory for comment titled " Capital Requirements for Federally Regulated Mortgage Insurers". This draft advisory provides a new standard framework for determining the capital requirements for residential mortgage insurance companies. The proposed framework is more risk sensitive and incorporates..."/>
Genworth MI Canada Inc. Comments On OSFI's Draft Advisory For The New Capital Framework For Mortgage Insurers
RLI Corp.. Best has also affirmed the Long-Term Issue Credit Rating of“ a” on $150 million 4.875% senior unsecured notes due 2023 of RLI Corp. The outlook of these Credit Ratings is stable."/>
A.M. Best Affirms Credit Ratings of RLI Corp., RLI Insurance Co., Mt. Hawley Insurance Co. and Contractors Bonding and Insurance Co.
OFG Bancorp will report third quarter 2016 financial results Friday, October 21, 2016 before the market opens and hold its conference call later that morning at 10:00 AM ET. The call will be accessible live via a webcast on OFG’ s website at www.ofgbancorp.com. A replay will be available shortly thereafter."/>
OFG Bancorp to Report 3Q16 Results and Hold Conference Call on Friday, October 21, 2016
Daily Mail, London, market report column [Daily Mail, London]
Daily Mail, London, Alex Brummer column [Daily Mail, London]
National Grid's gas distribution network– worth an estimated pounds sterling 6 bn. Billionaire tycoon Li Ka-shing will battle against a rival Chinese consortium, as well as a New York private equity firm, a group of Chinese investors and a German-owned investment company for the key assets of National Grid. The firm put the' for sale' sign up over the gas pipe in February, revealing it would sell at..."/>
Hong Kong's richest man bids pounds sterling 6 billion for UK gas network [Daily Mail, London]
AXIS Capital Holdings Limited declared on Friday that Michiko Kurahashi takes over as chief marketing officer and Joe Cohen as chief communications cfficer. In these roles, Kurahashi and Cohen will collaborate to build an integrated marketing communications function and elevates the AXIS brand and strengthen its clients, partners and employees relationships. Kurahashi will work closely with its three business units, AXIS Insurance, AXIS Reinsurance and AXIS Accident&..."/>
Axis Capital names Michiko Kurahashi and Joe Cohen as CMO and CCO
West Bancorporation, Inc., parent company of West Bank, will report its results for the third quarter of 2016, on Thursday, October 27, 2016 before the markets open.. The Company will discuss its results in a conference call scheduled for 10:00 a.m. Central Time on Friday, October 28, 2016. The telephone number for the conference call is 888-339-0814. A recording of the call will be available until November 11, 2016, by dialing 877-344-7529. The..."/>
West Bancorporation, Inc. to Announce Quarterly Results, Hold Conference Call
Home BancShares, Inc., parent company of Centennial Bank, announced today the pricing of the previously announced underwritten secondary offering of 2,650,000 shares of common stock offered by its Chairman, John Allison, at a price per share to the public of $22.00.. The Company is not selling any shares in the offering and will not receive any of the proceeds from the offering. Stephens Inc. is serving as sole book-running manager for the offering."/>
Home BancShares, Inc. Announces Pricing of Secondary Offering by Selling Shareholder

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