Industry News

State Bank Financial Corporation and its subsidiary bank, State Bank and Trust Company. Kaiser is the vice president of Community and Economic Development for Georgia Power and leads the company’ s efforts to recruit new industry to Georgia and help existing industries grow.. Georgia Power’ s Community and Economic Development department has been recognized internationally as one of the top..."/>
Anne H. Kaiser Elected to State Bank Financial Corporation Board of Directors
Hercules Capital, Inc., the leading specialty financing provider to innovative venture growth stage companies backed by leading venture capital firms, today announced that Manuel A. Henriquez, chairman and chief executive officer and Mark R. Harris, chief financial officer, will be presenting and/or participating in one-on-one meetings at the following events for the financial community:. One-on-one meetings can be arranged with JMP Securities."/>
Hercules Announces Upcoming Events for Financial Community
LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc., today released its monthly activity report for August 2016.. Total brokerage and advisory assets served at the end of August were approximately $502 billion, a 0.4 percent increase compared to the end of July 2016. Total client cash sweep balances at the end of August were $29.1 billion, a 0.7 percent increase..."/>
LPL Financial Reports Monthly Activity for August 2016
Primerica, Inc., a leading distributor of financial products to middle income households in North America, today announced that a capacity crowd of approximately 10,000 attendees is expected to participate in Primerica’ s 2016 West Coast Convention. The meeting will be held at the Citizens Business Bank Arena in Ontario, California, on September 16-17, 2016.."/>
Primerica Hosting 10,000 Sales Representatives at 2016 West Coast Convention
Blue Hills Bancorp today announced an update on problem loans to one commercial customer. As previously disclosed in the Company’ s Quarterly Report on Form 10- Q for the second quarter of 2016 as filed with the Securities and Exchange Commission, on August 4, 2016, loans with a balance of $4.1 million to one commercial customer were placed on nonaccrual status in the second quarter of 2016 and a specific reserve of $558,000 was established against the..."/>
Blue Hills Bancorp Provides Update on Problem Loans and Announces Third Share Repurchase Program
Wells Fargo Bank Eliminating Sales Goals [Mortgage Daily]
Regions Financial Corp.' s banking subsidiary has settled allegations that it approved government-insured mortgages that didn't meet underwriting guidelines. The Birmingham, Alabama-based financial services company announced Tuesday a settlement with the Department of Justice that amounts to $52.4 million. According to Regions, the agreement with the Justice Department resolves a federal inquiry that it had previously disclosed and fully cooperated with."/>
Regions Bank Settles False Claims Act Allegations [Mortgage Daily]
Artisan Partners Asset Management Inc. sadly announced today that Executive Vice President Dean Patenaude passed away as a result of a sudden and unexpected stroke on September 11, 2016. He was 53 years old.. Eric Colson, Chairman and CEO, said,“ It is with great sadness that we announce today the passing of my friend and colleague, Dean Patenaude."/>
Artisan Partners Asset Management Inc. Mourns Death of Executive Vice President Dean Patenaude
Chubb North America based in Chicago. In his new role, Mr."/>
Chubb Appoints Keith Marks New Leader for North America Commercial Risk Engineering Services
CME Group Inc. will announce earnings for the third quarter of 2016 before the markets open on Thursday, October 27, 2016. The company has scheduled an investor conference call that day at 7:30 a.m. Central Time. A live audio Webcast of the conference call will be available on the Investor Relations section of the company's Web site, www.cmegroup.com."/>
CME Group Inc. Announces Third-Quarter 2016 Earnings Release, Conference Call
Migdal Insurance and Financial Holdings Ltd. from Aaa to Aa1 with a stable outlook. "The downgrade in the financial strength rating for the company reflects our perception, in accordance with Midroog's revised methodology for rating life, health and non-life insurance companies, that Migdal's risk profile does not match the previous..."/>
BRIEF: Midroog downgrades Migdal a notch [Globes, Tel Aviv, Israel]
Freddie Mac Prices $515 Million STACR Offering
Hiscox, Beazley, Talbot and XL Catlin, have launched a new product– Terrorism Crisis Solutions. Designed to offer corporate clients a combined terrorism cover that encompasses a wide range of threats, the new policy brings together underwriting talent from the London Market's leading terrorism insurers, with the..."/>
Lockton Launches Innovative Product in Response to the Rapidly Evolving Risk of Modern Terrorism
Popular, Inc., announced today that Keefe, Bruyette& Woods, Inc. has added Popular, Inc. to its KBW Nasdaq Regional Banking as part of an index rebalancing for the third quarter of 2016.. The change will be effective prior to the opening of the market on Monday, September 19, 2016.“ We are pleased to join the KWB Nasdaq Regional Banking Index,” said Richard L. Carrión, Chairman and Chief Executive Officer, Popular, Inc.“ We remain focused on further strengthening the..."/>
Keefe, Bruyette & Woods adds Popular, Inc. to its Nasdaq Regional Banking Index
Crosswinds Holdings Inc. is pleased to announce that it has formed Crosswinds Re, a new specialty Cayman reinsurance company. Crosswinds Re has been issued a license from the Cayman Islands Monetary Authority to operate as a Class B reinsurer. Crosswinds Re will act as a specialty reinsurer as part of Crosswinds' integrated insurance, reinsurance and asset management structure with an initial focus on the Florida property and casualty market."/>
Crosswinds Holdings Inc. Announces Approval of Crosswinds Re and Appointment of Paul Markey as Independent Director

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