Industry News

M and A Navigator: Deal pipeline –12 October
Moody's Investor Services has raised its outlook on Mobile from Negative to Stable, a move that Mayor Sandy Stimpson says will help ongoing efforts to put the city on a more solid financial footing. Mobile remains at an Aa2 credit rating, but Stimpson said Tuesday that the change in outlook will have real benefits. "The tangible is, we're getting ready to go back into the market to refinance some existing debt," the mayor said."/>
Moody's raises Mobile's outlook from Negative to Stable [Alabama Media Group, Birmingham]
Enterprise Financial Services Corp. is expanding its St. Louis banking operations by acquiring Jefferson County Bancshares and its principal subsidiary Eagle Bank and Trust for $130.6 million. It's the largest acquisition in Enterprise's 28- year history."/>
Enterprise Financial buying Eagle Bank's parent for $130 million [St. Louis Post-Dispatch]
Alterra Power Corp. and Inovateus Solar LLC are pleased to announce the closing of a $8.9 million construction loan facility for the Kokomo solar project, an approximately 7 MW DC solar project located in Kokomo, Indiana. The facility is supplied by 1st Source Bank, a subsidiary of 1st Source Corporation and consists of a $8.9 million construction loan plus a $150,000 letter of credit. Concurrently with the construction loan closing, 1 st Source..."/>
Alterra Power Secures Financing for Kokomo Solar Project
Illumina cratered nearly 25 percent Tuesday, following the DNA sequencing giant's decision to lower its third-quarter revenue expectations. At Tuesday's market close, the company lost about $7 billion in market value; the company is now worth about $20.4 billion. That's still the largest value for any biotech in San Diego County by far."/>
Growth slowdown sinks Illumina [The San Diego Union-Tribune]
Nasdaq today announced that Shire plc, will become a component of the NASDAQ-100 Index ® and the NASDAQ-100 Equal Weighted Index prior to market open on Wednesday, October 19, 2016. Shire plc will replace Linear Technology Corporation in the indexes.. Shire plc is headquartered in Dublin, Republic of Ireland, and has a market capitalization of approximately $18 billion."/>
Shire plc to Join the NASDAQ-100 Index Beginning October 19, 2016
Malaga Financial Corporation, the parent company of Malaga Bank FSB, today reported that net income for the quarter ended September 30, 2016 was $2,812,000, a decrease of $17,000 from income of $2,829,000 for the quarter ended September 30, 2015. Net income for the nine months ended September 30, 2016 was $8,469,000 as compared to $8,485,000 for the nine months ended September 30, 2015. Net income for the first nine months of 2016 resulted in an..."/>
Malaga Financial Corporation Reports Strong Third Quarter Earnings
United Development Funding IV at a price of $1.50 per Share upon the terms and subject to the conditions set forth in the Offer to Purchase and in the related Letter and Assignment Form for the offer. THE OFFER AND WITHDRAWAL RIGHTS EXPIRE AT 11:59 P.M., PACIFIC TIME, ON DECEMBER 2, 2016.. Shareholders should read the Offer to Purchase and the related materials carefully because they..."/>
MacKenzie Capital Management, LP Announces an Offer to Purchase Shares of United Development Funding IV (NASDAQ: UDF).
Chesapeake Energy Corp. has joined the legal battle surrounding the estate of Aubrey McClendon, questioning estate executor Thomas J. Blalock's role in the case. Besides leading the estate proceedings, Blalock also was chief legal officer for American Energy Partners, which McClendon founded after leaving Chesapeake and which announced in May it was going out of business. Blalock also was a principal in Scoop Energy Co. LLC, assets of which the McClendon estate in..."/>
Chesapeake Energy Corp. joins legal battle surrounding the estate of Aubrey McClendon [The Oklahoman, Oklahoma City]
CapStar Financial Holdings, Inc. announced today that it will issue its third quarter 2016 earnings release after market close on Thursday, October 27, 2016.. CapStar will also host a conference call and webcast at 9:00 a.m. Central Time on Friday, October 28, 2016 to discuss its financial results. Analysts and investors may participate in the question-and-answer session."/>
CapStar Announces Dates for Third Quarter 2016 Earnings Release and Conference Call
Brookfield Asset Management Inc. today announced that the dividend rate on its Class A Preference Shares, Series 9 for the five years commencing November 1, 2016 and ending October 31, 2021 will be 2.75% per annum. This dividend rate represents 357% of the interpolated yield, calculated as of October 11, 2016 at 10:00 a.m., on the 0.75% Government of Canada bond due September 1, 2021 and the 2.75% Government of Canada bond due June 1, 2022. This dividend..."/>
Brookfield Asset Management Announces Reset Dividend Rate on Its Series 9 Preferred Shares
American Financial Group, Inc. expects to release its 2016 third quarter results after 5:00 pm on Tuesday, November 1, 2016. The release will be available shortly thereafter on AFG’ s website at In conjunction with its release, AFG will hold a conference call to discuss 2016 third quarter results at 11:30 am on Wednesday, November 2, 2016."/>
American Financial Group, Inc. Announces Its Conference Call and Webcast to Discuss 2016 Third Quarter Results
BankUnited, Inc. announced today that financial results for the quarter ended September 30, 2016 will be made public in a news release on Thursday, October 20, 2016 prior to the market opening. A conference call to discuss quarterly results will be held at 9:00 a.m. ET that day with Chairman, President, and Chief Executive Officer, John A. Kanas and Chief Financial Officer, Leslie N. Lunak. The earnings release will be available on the Investor Relations page under..."/>
BankUnited, Inc. to Announce Third Quarter Results
KKR & Co. L.P. to Announce Third Quarter 2016 Results
Century Bancorp, Inc. today announced net income of $18,034,000 for the nine months ended September 30, 2016, or $3.24 per Class A share diluted, an increase of 5.8% compared to net income of $17,050,000, or $3.06 per Class A share diluted, for the same period a year ago. Total assets increased 8.9% from $3.9 billion at December 31, 2015 to $4.3 billion at September 30, 2016. For the quarter ended September 30, 2016, net income totaled a record $6,486,000 or $1.16 per..."/>
Century Bancorp, Inc. Announces Record Earnings for Q3 2016, up 5.2%; Asset Growth to Record Size of $4.3 BB; Regular Dividend Declared
Colony Capital, Inc. today announced it will release third quarter 2016 financial results before the market open on Monday, November 7, 2016. The Company will conduct a conference call to discuss the results the same day at 8:00 a.m. PT/ 11:00 a.m. ET. To participate in the event by telephone, please dial 407-4018 ten minutes prior to the start time."/>
Colony Capital, Inc. Announces Third Quarter 2016 Earnings Release and Conference Call Date
PHH Corporation today issued the following statement in response to the opinion released on October 11, 2016 by the U.S. Court of Appeals for the D.C. Circuit in which the Court vacated the decision of the Director of the Consumer Financial Protection Bureau ordering the Company to disgorge $109 million in reinsurance premiums:."/>
PHH Corporation Comments on Opinion Issued by D.C. Circuit Court of Appeals
Kemper Corporation announced today that it will host its conference call to discuss third quarter 2016 results on Friday, November 4, 2016 at 11:00 a.m. Eastern. After the markets close on Thursday, November 3, Kemper will issue its third quarter 2016 earnings release and financial supplement and will also file its quarterly report on Form 10- Q with the Securities and Exchange Commission. Following their publication, these documents will be available on the..."/>
Kemper Corporation Announces Schedule for Third Quarter Earnings Call
Ottawa Savings Bancorp MHC has converted to the stock holding company form of organization. The Company, the new stock holding company for Ottawa Savings Bank, FSB, sold 2,383,950 shares of common stock at $10.00 per share, for gross offering proceeds of $23.8 million in its stock offering. Concurrent with the completion of the..."/>
Ottawa Bancorp, Inc. Announces Completion of Second-Step Conversion and Offering
State Auto Financial Corporation will discuss its third quarter 2016 results in a conference call on Thursday, Nov. 3, 2016, at 11 a.m. The company plans to release its results on Nov. 3, 2016, before the open of regular trading on the Nasdaq Stock Market. About State Auto Financial Corporation."/>
State Auto Financial Announces Third Quarter 2016 Earnings Conference Call

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