Industry News

Federal National Mortgage Association that led the gain. During the month of August, fixed-rate mortgage backed securities that were issued on behalf of Fannie Mae, Freddie Mac and Ginnie Mae came in at $135.436 billion."/>
Another 3-Year High for Agency MBS Issuance [Mortgage Daily]
Bank of Montreal today announced that the Board of Directors declared a dividend of $0.102208 per share on paid-up Class B Preferred Shares Series 26.. The dividend on the Class B Preferred Shares Series 26 is payable on November 25, 2016, to shareholders of record on November 1, 2016.. The above-mentioned dividend on the Class B Preferred Shares Series 26 is designated as an "eligible" dividend for the purposes of the Income Tax Act and any similar..."/>
BMO Financial Group Declares Preferred Shares Series 26 Dividend
Voya Prime Rate Trust, a diversified closed-end management investment company listed on the New York Stock Exchange, declared 2.65 cents per share monthly dividend on August 31, 2016 for the 31 days of August, payable on September 22, 2016 to shareholders of record on September 12, 2016. This represents the 340 th consecutive monthly dividend since the Trust’ s inception in May 1988.. The following are annualized distribution rate calculations based on the..."/>
PPR - $.0265 August Dividend
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]
Associated Banc-Corp today announced changes involving its executive committee. Scott S. Hickey, executive vice president and chief credit officer, has announced his plans to retire in the second quarter of 2017. Hickey, who joined Associated in 2008, had a successful career in the financial services industry spanning four decades."/>
Associated Bank announces leadership changes
Christopher Schaper Appointed CEO of Schinnerer Group
S&P Global, will present at the Barclays Global Financial Services Conference on September 14 in New York City. Peterson is scheduled to speak from 9:45 a.m. to 10:25 a.m. Eastern Daylight Time. The "fireside chat" will be webcast and may include forward-looking information."/>
S&P Global to Present at the Barclays Global Financial Services Conference on September 14
Chubb North America. In his new role, Mr. Harris will have worldwide responsibility for the delivery of commercial insurance solutions and services for global clients of all sizes."/>
Tom Harris to Lead Chubb's Global Services Division
Comerica Incorporated today announced that it will participate in the Barclays Global Financial Services Conference. Comerica's presentation will begin at 7:30 a.m. ET on Tuesday, September 13, 2016. Speaking on behalf of Comerica will be Ralph W. Babb Jr., chairman and chief executive officer."/>
Comerica to Participate in the Barclays Global Financial Services Conference
Allstate took to the sky to inspect hail-damaged homes in South Texas using drones for the first time after new FAA rules went into effect this week. Inspecting more than 20 homes in the Sequin/New Braunfels area of Texas recently hit by hail, Allstate used multiple drones to test image quality, damage analysis tools and customer response to the technology. "Our customers have been very receptive and interested in this innovative use of..."/>
Allstate Uses Drones to Assist Texas Customers
CIBC Asset Management Announces New Portfolio Sub-advisor
Interactive Brokers Group, Inc. an automated global electronic broker and market maker, today reported its Electronic Brokerage monthly performance metrics for August. Highlights for the month included:. 576 thousand Daily Average Revenue Trades, 22% lower than prior year and 4% lower than prior month. Ending client equity of $80.4 billion, 28% higher than prior year and 5% higher than prior month. Ending client margin loan balances of $16.3 billion, even with..."/>
Interactive Brokers Group Reports Brokerage Metrics for August 2016, includes Reg.-NMS Execution Statistics
Assurant employees truly went the extra mile at work yesterday. In fact, they went an extra 3.1 miles, as the company held its inaugural 5 K run around its office campus to benefit United Way of Miami-Dade. The employees raised $67,656 in donations and sponsorships, as well as matching contributions from senior executives and the Assurant Foundation."/>
Assurant Miami Hosts Inaugural 5K for United Way; More than $67,000 Raised to Help Community
Anchor Bancorp announced today that it and Anchor Bank, its financial institution subsidiary, have entered into an agreement with the Stilwell Group, and certain affiliates, pursuant to which the Company and the Bank will appoint Mr. Gordon Stephenson as a director to their respective Boards of Directors. Under the terms of the agreement, Mr."/>
Anchor Bancorp Announces Appointment of New Director and Agreement With the Stilwell Group
Blackline Acquires Runbook
Markel Corporation has elected Thomas S. Gayner and Richard R. Whitt, III, co-chief executive officers of the corporation, to the board of directors, the company said. The board appointed F. Michael Crowley, president of the corporation, to vice chairman. Markel Corporation is a diverse financial holding company serving a variety of niche markets."/>
Markel elects 2 to board of directors
Isabella Bank Corporation has declared a third quarter cash dividend of USD0.25 per common share, the company said. The dividend will be payable on September 30, 2016 to shareholders of record as of September 27, 2016.. Pleasant, Michigan, Isabella Bank Corporation is the bank holding company for Isabella Bank."/>
ISBA declares Q3 2016 dividend
TCP Capital Corp. has commenced a private offering of USD100 million in aggregate principal amount of convertible senior unsecured notes due 2022, the company said. The company said it expects to grant the initial purchasers of the notes an option to purchase up to an additional USD15 million in aggregate principal amount of the notes to cover over allotments. TCP said it intends to use the net proceeds of this offering to repay indebtedness under its revolving credit..."/>
TCP Capital commences private offering of convertible senior notes
Evercore expands M&A alliance with NH Investment & Securities
State Street Bank and Pritzker Group Venture Capital, the company said. Scott Crenshaw, senior vice president of strategy and product at Rackspace and Antoine Shagoury, executive vice president and CIO at State Street Bank, have joined the Cloud Technology Partners board of directors. The company said it intends to use the funding round to support aggressive..."/>
Cloud Technology closes Series C funding round

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