Industry News

Blackstone Prices 10-Year Senior Notes Offering
First Commonwealth Financial Corporation today announced that its banking subsidiary, First Commonwealth Bank, has received final approval from all necessary regulatory agencies for its pending acquisition of 13 branches in Canton and Ashtabula, Ohio from FirstMerit Bank, NA. The branches are being sold in connection with the previously announced acquisition of FirstMerit Corporation by Huntington Bancshares Incorporated. The divestiture is in..."/>
First Commonwealth Bank Receives Final Regulatory Approval for Acquisition of 13 FirstMerit Bank Branches
MSCI Inc., a leading provider of portfolio construction and risk management tools and services for global investors, today announced that D. Robert Hale, Partner of ValueAct Capital, has resigned as a member of the Board of Directors of MSCI, effective immediately. Hale was appointed to the Board on March 10, 2015 and was a member of the Audit Committee. “On behalf of the Board, the MSCI management team and our shareholders, I would like to thank Rob for his service on our Board of..."/>
MSCI Announces Resignation of Board Member
Prudential Financial, Inc. will release its third quarter 2016 earnings on Wednesday, November 2, 2016, after the market closes. The earnings news release, the financial supplement and related materials will be posted on the company's Investor Relations Web site at: http://www.investor.prudential.com. Members of Prudential's senior management will host a conference call on Thursday, November 3, 2016, at 9:00 a.m. ET, to discuss with the investment..."/>
Prudential Financial To Announce Third Quarter 2016 Earnings; Schedules Conference Call
Goldman Sachs BDC, Inc. announced today that it plans to conduct an offering of up to $100 million aggregate principal amount of convertible notes due 2022. The Company also plans to grant the initial purchasers an option to purchase up to an additional $15 million aggregate principal amount of the Convertible Notes to cover over-allotments, if any. The Convertible Notes will be offered and sold only to qualified institutional buyers pursuant to Rule 144 A under the..."/>
Goldman Sachs BDC, Inc. Announces Offering of Unsecured Convertible Notes
ZAIS Financial Corp. and Sutherland Asset Management Corporation, a privately held commercial mortgage REIT, today announced that they have received the necessary stockholder approvals to move forward with their previously announced merger. At two separate special meetings of the stockholders of ZFC and Sutherland held today, the ZFC stockholders voted in favor of the proposal to issue shares to Sutherland stockholders in..."/>
ZAIS Financial Corp. And Sutherland Asset Management Corp. Announce Stockholder Approvals Of Their Merger
AmTrust Financial Services, Inc. today announced that it has closed its previously announced underwritten public offering of 11,500,000 of its depositary shares, each representing a 1/ 40 th interest in a share of its newly-designated 6.95% Non-Cumulative Preferred Stock, Series F, at a public offering price of $25.00 per Depositary Share, for gross proceeds of $287.5 million. The Depositary Shares include 1,500,000 Depositary Shares sold pursuant to..."/>
AmTrust Announces Exercise of Underwriters’ Over-Allotment Option and Closing of $287.5 Million in Depositary Shares Representing Interests in Preferred Stock
AmeriServ Financial Bank is helping to provide safe and secure living environments for seniors in the communities it serves by funding two local Senior Crimestoppers Programs. In conjunction with CRA Partners, the bank came forward to help vulnerable seniors by funding this program that protects those who live and work in local care facilities. "Crime against the elderly in our society is a growing concern but can be reduced and prevented..."/>
AmeriServ Financial Bank Provides Funding for Secure Living Environments for Seniors
Owens Realty Mortgage, Inc. today announced that, on September 22, 2016, Tahoe Stateline Venture, LLC, a California limited liability company that is wholly-owned by the Company, entered into a Land and Entitlement Purchase Agreement with Jianping Pan, Kawana Holdings LLC and/or its nominee. Pursuant to the Purchase Agreement, TSV has agreed to sell to Buyer the approximately 8.0 acres of land and entitlements, including related..."/>
Owens Realty Mortgage, Inc. Announces Agreement to Sell The Chateau at the Village
Hope Bancorp, Inc. today announced that the company will announce financial results for its 2016 third quarter after the markets close on Tuesday, October 18, 2016.. A conference call to discuss 2016 third quarter financial results will be held on Wednesday, October 19, 2016 at 9:30 a.m. Pacific Time/ 12:30 p.m. Eastern Time. Institutional investors and analysts are invited to access the conference call by dialing 866-235-9917 or 412-902-4103, and..."/>
Hope Bancorp to Announce 2016 Third Quarter Financial Results on Tuesday, October 18, 2016
GSV Capital Corp. today provided an update, for the period since June 30, 2016, on a selection of the private companies in its investment portfolio.. As previously reported, GSV Capital’ s net assets totaled approximately $226.8 million, or $10.22 per share, as of June 30, 2016.. Snap Inc.: Previously known as Snapchat, the social media company changed its name to“ Snap Inc.” The company will release its first hardware product, Spectacles, a pair of video..."/>
GSV Capital Corp. Provides an Update on Portfolio Company Developments for the Period Since June 30, 2016
Clal Insurance Enterprises Holdings Ltd. from IDB. Clal Insurance CEO Izzy Cohen has recently met with ChemChina CEO Ren Jianxin and presented the company to him. ChemChina has no financial activity and currently examines the possibility of entering this field."/>
ChemChina mulls buying Clal Insurance [Globes, Tel Aviv, Israel]
Israel Discount Bank's share offering yesterday. The bank, managed by CEO Lilach Asher-Topilsky, raised NIS 700 million in the investment institution stage of the offering, with demand reaching NIS 1.3 billion. The NIS 6.93 share price for the offering was 1.5% higher than yesterday's closing price, after the share dropped 3.3% on the news of the upcoming offering, but 2% below the share price before the announcement."/>
Brisk demand for Discount Bank offering [Globes, Tel Aviv, Israel]
CBOE Holdings, Inc. has agreed to acquire Kansas-based exchange operator Bats Global Markets, Inc. in a cash and stock transaction valued at approximately USD 32.50 per Bats share, the company said. The deal is worth a total of approximately USD 3.2 bn, consisting of 31% cash and 69% CBOE Holdings stock, based on CBOE Holdings' closing stock price of USD 70.30 per share on 23 September 2016.. This transaction is subject to customary..."/>
CBOE Holdings to Acquire US Exchange Operator Bats for USD 3.2bn
MBT Financial Corp. announced today that it will release its third quarter 2016 preliminary results after the close of the market on Thursday, October 27, 2016. The earnings report will be available on the company’ s website, www.mbandt.com. The company will also host an investor conference call to review the results on Friday, October 28, 2016 at 10 a.m."/>
MBT Financial Corp. Announces Third Quarter 2016 Preliminary Earnings Release and Conference Call
MetLife, Inc. has earned a spot on the 2016 Working Mother magazine’ s“ 100 Best Companies” list for outstanding leadership in programs, policies and a culture that supports working families. “For 18 years in a row, Working Mother magazine has recognized MetLife as a great place for working families,” said Elizabeth Nieto, MetLife’ s global chief diversity and inclusion officer.“ As a working mother, I’ m proud that we are deeply committed to providing policies and programs that..."/>
MetLife Named to Working Mother “100 Best Companies” List for 18th Year in a Row
Assurant, Inc., global provider of risk management solutions, is teaming up with website security company GamaSec to significantly lower the risk of attacks on small and medium business websites. Assurant is providing support for the limited warranty issued by GamaSec with its new GamaCyber website security offering. The warranty helps businesses get back on their feet after damages from website or web application attacks, including costs related to data..."/>
Assurant Partners with GamaSec to Protect Website Owners from Cyberattack; Adding financial protection to lower risk for small to midsized businesses

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