Industry News

Navient, the nation’ s largest student loan servicer, has issued the following statement in support of the Stop Taxing Death and Disability Act:. We applaud bipartisan efforts in the House Ways and Means Committee to advance H.R. 5204. This legislation would eliminate the negative tax consequences faced by student loan borrowers or their loved ones when loans are forgiven due to death or disability."/>
Navient issues statement supporting legislation that would end tax penalties on student loans forgiven due to death or disability
Fairholme Fund, which filed suit in the Federal Court of Claims in 2013."/>
BRIEF: Miami investors win access to secret documents in Fannie Mae fight [The Miami Herald]
Trade Desk, Inc., a cloud-based technology company that empowers buyers of advertising, 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/ef0fb3f2-8dd3-46e6-86ae-d49f760df451. The Trade Desk offers a self-service platform that allows media planners and..."/>
Nasdaq Welcomes The Trade Desk, Inc. (Nasdaq: TTD) to The Nasdaq Stock Market
Ottawa Savings Bancorp, Inc., the parent company for Ottawa Savings Bank, announced today that the subscription and community offering of the common stock of Ottawa Bancorp, Inc., the proposed new holding company for the Bank, concluded on September 12, 2016 and was oversubscribed by the community. The offering was undertaken in connection with the conversion of Ottawa Savings Bancorp MHC from the mutual holding company to the stock holding company form of..."/>
Ottawa Savings Bancorp, Inc. Announces Preliminary Offering Results
Regency Affiliates, Inc. today announced that it will issue a quarterly dividend of 6.10 cents per common share on October 7, 2016 to shareholders of record at the close of trading on September 30, 2016.. "We are pleased to declare a quarterly dividend of 6.10 cents per common share which reflects a 3.8% increase commencing with this dividend payment," commented Laurence Levy, Chairman and Chief Executive of Regency. "After a review of our cash flow..."/>
Regency Affiliates Announces A 6.10 Cent Quarterly Dividend
Crossroads Capital, Inc. has announced that Mode Media Corporation, a Crossroads Capital portfolio company, ceased operations on September 15, 2016.. The fair value of the Company's investment in Mode Media as of June 30, 2016, was $1,410,000 and represented 4.6% of net assets. The Company anticipates a write-down of this investment as a result of the cessation of operations."/>
Crossroads Capital Announces Portfolio Company Shutdown
Wellesley Bancorp, Inc., the parent company of Wellesley Bank, today announced that Kathryn M. Hinderhofer has been appointed as a member of the Board of Directors of the Company and the Bank. Hinderhofer has spent over 35 years in the financial services industry, recently retiring in 2014 as EVP of Operations and Technology of National Bank Holdings Corp. Before National Bank Holdings, Ms. Hinderhofer spent 17 years at Citizens Financial..."/>
Wellesley Bancorp, Inc. Appoints Kathryn M. Hinderhofer As Director
Aston Hill Financial Inc.."/>
Aston Hill Asset Management Inc. declares distributions
Apollo Commercial Real Estate Finance, Inc. today announced Stuart Rothstein, the Company’ s Chief Executive Officer, is scheduled to present at the JMP Securities Financial Services and Real Estate Conference on September 27, 2016 at The St. Regis Hotel in New York, New York. The ARI presentation is scheduled to begin at 11:30am ET."/>
Apollo Commercial Real Estate Finance, Inc. to Present at JMP Securities Financial Services and Real Estate Conference
Oppenheimer& Co. Inc., a unit of Oppenheimer Holdings, hosted its inaugural Drone Day on Sept. 19, 2016 at the Storm King Art Center in New Windsor, New York. The event included flying demonstrations of the most recent drones in production and experts from leading private and public institutions such as GoPro, Ambarella, Yuneec International and Parrot SA. The event featured Shan Phillips, CEO of Yuneec International Co.' s U.S. business, and Gilles..."/>
Oppenheimer Hosts Inaugural Drone Day To Showcase New Technologies
Brookline Bancorp, Inc. President& CEO Paul Perrault, who has been simultaneously serving as President& CEO of the holding company's chief subsidiary, Brookline Bank, announced today that Darryl Fess will step up to become President& CEO of Brookline Bank. Fess, who for the past five years has led the Bank's commercial real estate lending banking group, has been with Brookline Bank since May of 2010.. "My goal in recommending this change to our Board of..."/>
Brookline Bancorp, Inc. Names Darryl J. Fess President and CEO of Brookline Bank
Parke Bancorp, Inc. today announced the declaration of a $0.08 per share cash dividend payable on October 31, 2016, to its stockholders of record as of the close of business on October 14, 2016.. The Board anticipates paying cash dividends on a quarterly basis, subject to determination and declaration by the Board of Directors, which will take into account a number of factors, including the financial condition of the Company and..."/>
Parke Bancorp, Inc. Declares Cash Dividend
PJT Partners Inc. announced that its Chairman and Chief Executive Officer, Paul J. Taubman, is scheduled to present at the JMP Financial Services and Real Estate Conference in New York on Tuesday, September 27, 2016 at 12:30 p.m. ET. A live audio webcast of the presentation will be available through the Investor Relations section of PJT Partners’ website at www.pjtpartners.com. Supporting presentation materials will also be available on PJT Partners’ website prior to..."/>
PJT Partners to Present at the JMP Financial Services and Real Estate Conference
A-Mark Precious Metals, Inc., a full-service precious metals trading company and an official distributor for all the major sovereign mints, reported results for the fiscal fourth quarter and full year ended June 30, 2016.. Revenues increased 19% to $1.74 billion Gross profit increased 27% to $7.6 million Net income decreased 58% to $1.1 million or $0.15 per diluted share Gold ounces sold increased 48% to 711,000 ounces Silver ounces sold..."/>
A-Mark Precious Metals Reports Fiscal Fourth Quarter and Full Year 2016 Results
Aflac Chairman and CEO Dan Amos addressed the students as part of the university's Fall Speaker Series. Noting that he rarely speaks to such groups in Columbus because of his schedule, Amos spent almost an hour giving students life lessons on how to deal with critical business issues."/>
Aflac CEO Dan Amos on diversity: 'I already know how a 60-year-old white guy thinks' [Columbus Ledger-Enquirer, Ga.]
New York Mortgage Trust, Inc. announced today that it is scheduled to present at the JMP Securities Financial Services& Real Estate Conference on Tuesday, September 27, 2016 at The St. Regis in New York, New York. The Company’ s presentation is scheduled to begin at 10:00 am. Presentation materials will be available on the Company’ s website at www.nymtrust.com in the“ Events& Presentations” section beginning at 9:00 am on September 27, 2016.."/>
New York Mortgage Trust to Present at the JMP Securities Financial Services & Real Estate Conference
Bank of Commerce Holdings, a $1.1 billion asset bank holding company and parent company of Redding Bank of Commerce, today announced that the Board of Directors has authorized a cash dividend of $0.03 per share for the third quarter 2016.. The $0.03 per share quarterly cash dividend will be paid to shareholders of record as of October 4, 2016, and is payable on October 14, 2016.."/>
Bank of Commerce Holdings Announces Third Quarter Cash Dividend of $0.03 per Share
Sunwah International Limited, TSX: SWH, an Asian based financial services firm, today announced its financial results for the year ended June 30, 2016. All figures quoted are in U.S. dollars. Net loss attributable to owners of the Company of $5.1 million. Loss before tax of $10.3 million. Total revenues of $8.0 million. Commission and fee income of $11.0 million. Increase in interest and dividend income to $2.6 million. Net loss of $4.3 million for the year on..."/>
Sunwah International Reports Fiscal 2016 Financial Results
Canaccord Genuity Group Inc.. IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company."/>
IIROC Trading Halt - CF
Canaccord Genuity Group Inc. is pleased to announce that it has entered a private placement agreement with a large Canadian asset manager, pursuant to which it has agreed to purchase convertible unsecured debentures of Canaccord Genuity Group Inc. in an aggregate principal amount of $60 million."/>
Canaccord Genuity Group Inc. Announces $60 Million Private Placement of 6.50% Convertible Unsecured Senior Subordinated Debentures
Federal Home Loan Mortgage Corp. is eliminating grants and gifts from home lenders as an eligible source of down payments on its program for lower-income borrowers. Freddie Mac's Home Possible Mortgages are designed to provide financing for low- and moderate-income borrowers through low down payments and flexible sources of funds. Currently, the McLean, Virginia-based organization allows the borrower to utilize gifts and grants from the lender as an eligible..."/>
Freddie to Stop Allowing Lender-Paid DPA [Mortgage Daily]
Caesars Entertainment Corporation today announced that it, along with affiliates of Apollo Global Management, LLC and TPG Capital, L.P., have proposed an enhancement to their contributions to Caesars Entertainment Operating Company, Inc.' s current restructuring plan. The proposed increase follows discussions with major creditor constituencies of CEOC and its Chapter 11 debtor subsidiaries in an effort to reach a consensual debt..."/>
Caesars Entertainment and its Sponsors Propose to Increase Contributions to CEOC's Restructuring Plan

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