Industry News

First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced the completion of its acquisition of RedVision Systems, Inc., the largest independent national provider of title and real property research. RedVision, which is based in New Jersey and is now part of..."/>
First American Completes Acquisition of RedVision
Invesco PowerShares Capital Management, LLC, a leading global provider of exchange-traded funds, today announced results of a factor investing-focused survey 1 of financial professionals at the Morningstar ETF Conference in Chicago. Despite concern in recent months that select ETF strategies were becoming expensive, the overwhelming majority of survey respondents indicated that they are not worried about a potential bubble..."/>
Survey Forecasts Rising Usage of Factor-Based ETFs as "Next Wave of Smart Beta" May Improve Diversification and Dampen Portfolio Volatility
Bank of Montreal and the Ontario Plowmen's Association will honour ten farm families at the annual BMO Ontario Farm Family Awards during the International Plowing Match and Rural Expo in Minto, Ontario on Saturday, September 24, 2016.. The BMO Ontario Farm Family Awards recognize the outstanding contributions made by farmers across the province by bringing the community together to celebrate both these exceptional families and the vital..."/>
BMO Ontario Farm Family Awards to Honour Ten Families at the 2016 International Plowing Match
Diamond Hill Investment Group, Inc., announced the launch of the Diamond Hill Short Duration Total Return Fund and the Diamond Hill Core Bond Fund. Managed by Henry Song, CFA and Mark Jackson, CFA, both strategies are also available as institutional separate accounts. "Henry and Mark have worked side-by-side for the last 10 years, applying a consistent, bottom up, intrinsic value-based..."/>
Diamond Hill Launches Two New Fixed Income Mutual Funds
First Business Financial Services, Inc. announced today that Carol P. Sanders has been appointed to the Board of Directors of First Business Financial Services, Inc.. “We are very pleased to have Carol Sanders join our holding company board,” stated Corey Chambas, CEO.“ Carol has significant experience serving on public company boards and an impressive 25- plus year career in the insurance industry as a financial executive. Her expertise and in-depth..."/>
Sanders Appointed to First Business Board of Directors
Fiera Capital Corporation, a leading independent asset management firm, announced distributions for The Canadian Convertibles Plus Fund, Strategic Income Allocation Fund, North American REIT Income Fund, North American Preferred Share Fund, Senior Secured Floating Rate Loan Fund, Investment Grade Infrastructure Bond Fund, Real Asset Income..."/>
Quarterly and monthly fund distributions by Fiera Capital
CIT Group Inc., cit.com, a leading provider of commercial lending and leasing services, today announced that CIT Franchise Finance added four sales professionals to its Mid-Cap Restaurant Franchise Finance group. “These new members of our sales team bring long-standing experience in the restaurant industry as well as exceptional reputations among franchisors and franchisees,” says Dan Mahoney, Senior Vice President, CIT Franchise Finance.“ These strategic..."/>
CIT Franchise Finance Expands Mid-Cap Restaurant Sales Team
HomeTrust Bancshares, Inc. and TriSummit Bancorp, Inc. jointly announced today the signing of a definitive agreement under which HomeTrust will acquire TriSummit. Upon the completion of the transaction, the combined company is expected to have assets in excess of $3.0 billion.. Dana Stonestreet, Chairman, President, and Chief Executive Officer of HomeTrust said,“ We are excited about the opportunity to continue to expand our..."/>
HomeTrust Bancshares, Inc. and TriSummit Bancorp, Inc. Announce Highly Accretive In-Market Combination
Signature Bank, a New York-based full-service commercial bank, announced today it has been named Best Business Bank by the New York Law Journal in the publication’ s seventh annual reader survey. The Bank also ranked second in the Best Private Bank and Best Attorney Escrow Services categories."/>
Signature Bank Named Best Business Bank by New York Law Journal for Third Consecutive Year
Timbercreek Financial is pleased to announce that its board of directors has declared a monthly cash dividend of $0.057 per common share of the Company to be paid on October 14, 2016 to holders of Common Shares of record on September 30, 2016.. The Company also offers a Dividend Reinvestment Plan, which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends at a potential..."/>
Timbercreek Financial Declares September 2016 Dividend
NewStar Financial, Inc., an internally-managed commercial finance company and asset manager, announced today that its liquid credit platform, NewStar Capital LLC, completed a $410 million broadly syndicated loan securitization known as Arch Street CLO. Arch Street represents the second CLO issued by NewStar this year and its twentieth securitization since inception. The notes were backed by a diversified portfolio of syndicated bank loans."/>
NewStar Capital Sponsors Seventh Loan Fund
Gaming and Leisure Properties Inc., STORE Capital Corp., Blackstone Mortgage Trust Inc., and Lamar Advertising Co.. Following an impressive first seven months, REITs underperformed the S&P 500 Index by 3.4% in August 2016 due to economic data and talks of interest rate hike."/>
How These REIT Stocks are Faring? -- Gaming and Leisure Properties, STORE Capital, Blackstone Mortgage Trust, and Lamar Advertising
SS&C Technologies Holdings, Inc. company Primatics Financial has signed a multi-year agreement with East West Bancorp to prepare the firm for the recently released current expected credit loss requirements, the company said. SS&C Primatics will assist East West in implementing EVOLV, its cloud-based integrated risk and finance solution, to provide end-to-end reserving and credit processing of the bank's loan portfolio. East West Bancorp is a publicly owned bank in..."/>
East West Bancorp selects SS&C to support transition to CECL
S&P Global Inc. has offered senior notes in a private placement guaranteed by S&P Global's subsidiary Standard& Poor's Financial Services LLC, the company said. The company said it intends to use the net proceeds of this offering to fund all or a portion of the redemption of the outstanding USD400 million aggregate principal amount of its 5.900 percent senior notes due 2017, and the balance for general corporate purposes. S&P Global is a provider of transparent and independent..."/>
S&P Global offers senior notes
Sun Life Financial Inc. has completed the public offering in Canada of CAD1.0 billion principal amount of Series 2016-2 subordinated unsecured 3.05 percent fixed/floating debentures due 2028, the company said. The company said it intends to use net proceeds for general corporate purposes of Sun Life Financial, which may include investments in subsidiaries and repayment of indebtedness. Sun Life Financial is an international financial services organization providing..."/>
Sun Life Financial completes subordinated unsecured debentures offering
American Capital Agency Corp. has declared cash dividends for the third quarter 2016 on its 8.000 percent Series A cumulative redeemable preferred stock and its 7.750 percent Series B cumulative redeemable preferred stock, the company said. The company declared a USD0.50 per share dividend on Series A preferred stock payable on October 17, 2016 to shareholders of record as of October 1, 2016. The company declared a USD0.484375 per share dividend on..."/>
American Capital Agency declares Q3 2016 dividend on Series A, Series B preferred stock

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