Industry News

Wells Fargo Income Opportunities Fund, the Wells Fargo Multi-Sector Income Fund, and the Wells Fargo Utilities and High Income Fund have each announced a dividend declaration. The following dates apply to today's dividend declaration for each fund:. The Wells Fargo Income Opportunities Fund is a closed-end high-yield bond fund."/>
Wells Fargo Closed-End Funds Declare Monthly Dividends
Trinity Bank Increases Cash Dividend 4.5%
FHA Settlement for BBT [Mortgage Daily]
Federal National Mortgage Association, while a new eight-year low was recorded for delinquency. In its August 2016 Monthly Summary, Fannie Mae said its total book of business finished August at $3.1130 trillion-- the biggest it's been since April 2015.. The Washington-based organization's total portfolio grew from $3.1032 trillion one month earlier and was also greater than $3.1013 trillion one year earlier."/>
Fannie's Biz at 3-Yr High, Delinquency at 8-Yr Low [Mortgage Daily]
Altisource Residential Corporation related to RESI’ s acquisition of a portfolio of single family rental assets from investment funds sponsored by Amherst Holdings LLC.. “Today, RESI announced that it acquired a portfolio of single family rental assets. As RESI stated, RESI was required to retain the current property manager of the portfolio as a..."/>
Altisource Portfolio Solutions Comments on Agreement With Altisource Residential Corporation
Progressive Corp. said Thursday that it plans to hire 127 people for its Colorado Springs call center and information technology operation by year's end as part of a nationwide hiring effort. The Ohio-based company, which employs 2,000 in the Springs, wants to fill 110 openings in its call center, 16 in its local information technology operation and one in human resources. The company is trying to fill 1,300 openings in information technology in..."/>
Hiring spree launched in Colorado Springs by insurance company [The Gazette (Colorado Springs, Colo.)]
Norwood Financial Corp., of Honesdale, made the announcement early Friday. Neither side disclosed the price of the deal."/>
Fidelity to buy Wayne Bank's West Scranton branch [The Times-Tribune, Scranton, Pa.]
Morningstar, Inc., a leading provider of independent investment research, today declared a quarterly dividend of 22 cents per share. The dividend is payable Oct. 28, 2016, to shareholders of record as of Oct. 11, 2016.. About Morningstar, Inc. Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia."/>
Morningstar, Inc. Declares Regular Quarterly Dividend of 22 Cents Per Share
Altisource Residential Corporation today announced that it has acquired a portfolio of 4,262 single family rental properties for an aggregate purchase price of $652.3 million in a seller financed transaction."/>
Altisource Residential Corporation Announces Acquisition of Approximately 4,250 Single Family Rental Homes
First Internet Bancorp, the parent company of First Internet Bank, today announced that it has completed its previously announced public offering of $25 million aggregate principal amount of its 6.00% Fixed-to-Floating Rate Subordinated Notes due 2026. This press release is for informational purposes only and is not an offer to sell or the solicitation of an offer to sell the Notes, which is made only by means of a prospectus supplement and related prospectus,..."/>
First Internet Bancorp Announces Completion of $25 Million Subordinated Notes Offering
Chicago Tribune Robert Reed column [Chicago Tribune]
ServisFirst Bancshares, Inc. is scheduled to announce earnings and operating results for the quarter ended September 30, 2016 on October 17, 2016 at 4 p.m. The news release will be available at www.servisfirstbancshares.com. The Company will host a live audio webcast to discuss earnings and results beginning at 5:15 p.m. ET on October 17, 2016."/>
ServisFirst Bancshares, Inc. to Announce Third Quarter 2016 Financial Results October 17th
Firsthand Technology Value Fund, Inc., a publicly traded venture capital fund that invests in technology and cleantech companies, announced today that Nutanix, a Fund holding since May 2015, went public today through an initial public offering. The IPO was priced last evening at $16.00 per share, resulting in proceeds to the company of approximately $238 million. The shares, which now trade on the NASDAQ under the ticker symbol“ NTNX”, opened their first..."/>
Firsthand Technology Value Fund Portfolio Company Nutanix Goes Public
Nutanix, Inc., the next-generation enterprise cloud platform company, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering on The Nasdaq Stock Market.. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/5d9bba94-0e4f-41c5-957b-eb27b0e115d9. Nutanix makes infrastructure invisible, elevating IT to focus on the applications and services..."/>
Nasdaq Welcomes Nutanix, Inc. to The Nasdaq Stock Market
Deutsche Bank AG financial health rattled investors."/>
Opening Bell: Asian markets open lower; IndiGo, Tata Steel in news [Mint, New Delhi]
Peoples Bancorp Inc. today announced it intends to release third quarter 2016 earnings before the market opens on Tuesday, October 25, 2016, and conduct a facilitated conference call with analysts, media and individual investors at 11:00 a.m. Eastern Daylight Saving Time on the same date. The conference call will consist of commentary from Chuck Sulerzyski, President and CEO, and John Rogers, Chief Financial Officer and Treasurer,..."/>
Peoples Bancorp To Announce 3rd Quarter And Year To Date 2016 Earnings And Conduct Conference Call On October 25
First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the First American Loan Application Defect Index..."/>
Loan Application Defect and Fraud Risk Declines Due to Increased Demand for FHA Purchase Loans, According to First American Loan Application Defect Index
Lakeland Bancorp, Inc., the parent company of Lakeland Bank, announced the closing of the offering of $75 million of its Fixed-to-Floating Rate Subordinated Notes due September 30, 2026. The Notes will bear interest at a rate of 5.125% per annum from the date of issuance to but excluding September 30, 2021, and from and including September 30, 2021 through maturity or earlier redemption, the interest rate will reset quarterly to the then current..."/>
Lakeland Bancorp Announces Pricing of $75 Million of 5.125% Subordinated Notes

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