Industry News

LendingTree ®, a leading online loan marketplace, average down payment percentages for conventional 30- year fixed rate purchase mortgage offers rose slightly in the second quarter to an average of 17.13 percent. This represents an increase from the prior quarter and a slight decline from the same period last year. The average down payment amount also fell..."/>
Average Down Payments Increase Amid Busy Home Buying Season
First Acceptance Corporation announces the addition of Ray Albertini as the Company’ s Senior Vice President of Claims Operations. In this position, Ray will oversee all aspects of the Company’ s claims-handling function and report directly to Joe Borbely, FAC’ s President and CEO.. Prior to joining FAC, Ray served as the Vice President of Claims for both the Eastern and Western regions and Commercial Auto at Nationwide."/>
First Acceptance Welcomes Ray Albertini as Senior Vice President of Claims Operations
Orrstown Financial Services, Inc., announced that Adam Metz, Andrew Johnson, and Doug Hummer joined the organization. The three newest additions to the Orrstown Bank team have a combined 54 years of banking experience, most recently at Metro Bank and its predecessor Commerce Bank. Adam Metz joins the organization as Executive Vice President/Chief Lending Officer with overall responsibility for..."/>
Orrstown Bank Announces Addition of Adam Metz, Doug Hummer, and Andrew Johnson
People's United Financial, Inc. announced today that Jack Barnes, President and Chief Executive Officer, and David Rosato, Senior Executive Vice President and Chief Financial Officer, will speak at the Barclays 2016 Global Financial Services Conference in New York City on Tuesday, September 13, 2016 at 9:00 a.m. EDT. A link to the live audio-only webcast will be available on the People's United website at www.peoples.com– Investor..."/>
People's United Financial CEO And CFO To Speak At Barclays Global Financial Services Conference On September 13
Bank of Nova Scotia today announced that as a result of strong investor demand for its previously announced domestic public offering of Non-cumulative 5- Year Rate Reset Preferred Shares Series 38 (Non-Viability Contingent Capital), the size of the offering has been increased to 20 million shares. The gross proceeds of the offering will now be $500 million."/>
Scotiabank Announces Increase to NVCC Preferred Shares Offering
Aflac, the leading provider of voluntary insurance sales at the worksite in the U.S. and a committed corporate ally in the fight against childhood cancer, and Palmetto Health Children's Hospital proudly presented Duckprints Awards to four heroes who have left their footprints in the fight against childhood cancer. At the ceremony, which was held at Palmetto Health Children's Hospital in Columbia, South Carolina, attendees also heard the..."/>
Aflac and Palmetto Health Children's Hospital Add 4 Heroes to Duckprints Wall of Fame During Childhood Cancer Awareness Month
Mondelez International announced Wednesday its plan B to expand into the U.S. chocolate market: Oreo chocolate bars. Calling it a "big splash" into the U.S. chocolate market, Mondelez executives announced the move at the Barclays 2016 Consumer Staples Conference. The Deerfield-based global snacking and confectionery company will begin selling Oreo branded chocolate bars made with the company's..."/>
Oreo chocolate bars key to snack giant Mondelez's 'big splash' in U.S. [Chicago Tribune]
AGF Teams Up with the Alzheimer Society of Canada
American Capital Agency Corp. announced today that Gary Kain, Chief Executive Officer, President and Chief Investment Officer, is scheduled to present at the Barclays Global Financial Services Conference on September 13, 2016 at 2:00 pm ET in New York City. The live audio webcast of the presentation and accompanying slide presentation will be available on the AGNC website in the Investor Relations section at http://ir.agnc.com."/>
American Capital Agency Corp. to Present at the Barclays Global Financial Services Conference
CME Group announced today that John Pietrowicz, Chief Financial Officer, will present at the Barclays Global Financial Services Conference, in New York, on Tuesday, September 13, 2016, at 2:45 p.m.. The presentations will be broadcast live over the Internet and can be accessed via the exchange's web site at http://investor.cmegroup.com. Please allow extra time prior to the presentation to visit the site and download the streaming media..."/>
CME Group Chief Financial Officer to Present at Barclays Global Financial Services Conference
Morningstar Properties believes, and the company plans to be ready to scoop up properties that don't make it. The company said Tuesday that it has secured $90 million worth of private equity funding through its affiliate, Blue Doors Capital Partners. Morningstar will use the new fund to buy and develop self-storage facilities in "major metropolitan markets and strategic secondary markets across..."/>
Sensing a glut, Charlotte self-storage firm launches $90 million new fund [The Charlotte Observer]
Moody's Investor Services. The agency moved the city's outlook from "stable" to "negative," but continued its A2 bond rating on its $1.5 billion debt, Philly.com reports. The negative trend is basically due to Philadelphia spending more than it brings in."/>
BRIEF: Philadelphia's credit outlook called 'negative' [The Patriot-News, Harrisburg, Pa.]
Making a Commitment to Responsible Investing
First Financial Bankshares, Inc., has announced the promotion of Jeff Casey to Executive Vice President and Chief Digital Officer. The announcement was made by T. Stan Limerick, Chairman, President and CEO of First Technology Services, Inc.. "Jeff has been a valuable member of the FTS team for many years and this promotion is well deserved," said Limerick."/>
First Technology Services, Inc. Promotes Jeff Casey To Executive Vice President And Chief Digital Officer
CME Group, the world's leading and most diverse derivatives marketplace, announced it will open a new facility dedicated to technology research and innovation at the Research Park on the University of Illinois at Urbana-Champaign campus. On Friday, Sept. 9, members of the media are invited to attend a luncheon and ribbon-cutting ceremony at the new facility."/>
CME Group to Open New Innovation Center at University of Illinois Research Park
Hercules Capital, Inc., the leading specialty financing provider to innovative venture growth stage companies backed by leading venture capital firms, today announced the appointment of Paul Gibson as Managing Director in the Technology Group in Hercules’ Washington DC office. “I am pleased to welcome Paul to Hercules and to have such a..."/>
Hercules Hires Technology Finance Veteran Paul Gibson as Managing Director
Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announce the appointment of Stuart Vorcheimer to the position of Senior Managing Director, Market President. Operating out of the Bank's Teaneck location, Stuart will be responsible for directing a team of private bankers helping to build the Bank's wealth, lending and deposit business while servicing commercial businesses in the Northern New Jersey area."/>
Stuart Vorcheimer Joins Peapack-Gladstone Bank
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, will present at the Goldman Sachs 25th Annual Communacopia Conference on Tuesday, September 20, 2016 at 8:00 a.m. ET. The presentation may include forward looking information. A live audio webcast will be available in the " Investor Relations" section of the Thomson..."/>
Thomson Reuters to Present at the Goldman Sachs 25th Annual Communacopia Conference

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