DES MOINES | Jotup

Federal Home Loan Bank of Des Moines Announces First Quarter 2024 Financial Results, Declares Dividend

Retrieved on:

Donnerstag, April 25, 2024

Investment, Capital, Housing, Federal Home Loan Banks, AHP, MBS, Government, Bank, Asset

The Federal Home Loan Bank of Des Moines (the Bank) expects to make dividend payments totaling $147 million on May 13, 2024.

Key Points:

The Federal Home Loan Bank of Des Moines (the Bank) expects to make dividend payments totaling $147 million on May 13, 2024.
The Bank’s housing and community development programs are central to its mission by providing reliable liquidity and funding to help its members build strong communities.
Net Income - For the three months ended March 31, 2024, the Bank recorded net income of $274 million compared to $191 million for the same period in 2023.
The increase was driven primarily by higher short-term interest rates and average balances, which improved earnings on invested capital.

New LCS White Paper Previews the Future of the Senior Living

Retrieved on:

Dienstag, Februar 27, 2024

Senior, United States census, EVP, LCS, NIC, Newsroom, News, Housing, Family, Management

Des Moines, IA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- A new LCS white paper, The Future of Senior Living, provides a compelling look at the impact the baby boomer generation, those born between 1946 and 1964, will have on the senior living industry.

Key Points:

Des Moines, IA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- A new LCS white paper, The Future of Senior Living, provides a compelling look at the impact the baby boomer generation, those born between 1946 and 1964, will have on the senior living industry.
“With more than 50 years of experience, LCS is uniquely positioned to navigate the complex and changing needs of the senior housing landscape, including anticipating the needs of the impending silver tsunami,” said Dan Lahey, EVP/Chief Financial and Investment Officer.
LCS is using the new data capabilities to access real-time statistics to drive decisions across its business – including the predictive analytics needed to navigate the opportunities and challenges highlighted in its Future of Senior Living white paper.
Media Note: To link to an electronic version of this news release, visit the LCS Newsroom .

Federal Home Loan Bank of Des Moines Announces 2023 Fourth Quarter and Annual Results, Declares Dividend

Retrieved on:

Freitag, Februar 16, 2024

Expense, Federal Home Loan Banks, Investment, Bank, Growth, AHP, Organization, Capital, Housing, Asset

In addition, the Bank increased its activity stock requirement on advances from 4.00 percent to 4.50 percent.

Key Points:

In addition, the Bank increased its activity stock requirement on advances from 4.00 percent to 4.50 percent.
The Board of Directors approved a fourth quarter 2023 dividend to be paid at an annualized rate of 9.00 percent on average activity-based stock, an increase of 0.50 percent from the prior quarter, and 3.55 percent on average membership stock, an increase of 0.55 percent from the prior quarter.
Dividend payments totaling $136 million are expected to be paid on February 23, 2024.
Net Income - The Bank recorded net income of $962 million in 2023 compared to $430 million in the prior year.

Black Book Enhances EV Values with Recurrent Battery Insights

Retrieved on:

Dienstag, Januar 23, 2024

Chemistry, Auction, EVS, Insurance, Acquisition, Original equipment manufacturer, EV, Ageing, Black Book

LAWRENCEVILLE, Ga., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Black Book today introduced the industry's first electric vehicle (EV) valuations, dubbed Battery Adjusted Values™, which incorporate battery condition adjustments based on data from Recurrent, the foremost authority in EV analytics.

Key Points:

LAWRENCEVILLE, Ga., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Black Book today introduced the industry's first electric vehicle (EV) valuations, dubbed Battery Adjusted Values™, which incorporate battery condition adjustments based on data from Recurrent, the foremost authority in EV analytics.
Using battery condition that is derived from vehicle-specific information and battery data from thousands of similar vehicles from Recurrent’s database, Battery Adjusted Values™ will apply an additional increase or decrease to Black Book’s industry-leading, VIN-specific valuations.
The battery is the most expensive part of an EV and its condition impacts maximum vehicle range.
Until now, critical information about battery condition has not been accounted for in used EV values.

LCS names Dan Lahey to EVP/Chief Financial and Investment Officer

Retrieved on:

Dienstag, Januar 16, 2024

Argentum, Wartburg College, Accounting, Newsroom, Knowledge, ASHA, LCS, CPA, Investment, Bachelor of Arts, Retirement, Renting, Senior living, News, NIC, Growth, Management

Des Moines, IA, Jan. 16, 2024 (GLOBE NEWSWIRE) -- LCS, the nation’s third-largest senior living operator, has promoted Dan Lahey to executive vice president /chief financial and investment officer effective Jan. 1, 2024.

Key Points:

Des Moines, IA, Jan. 16, 2024 (GLOBE NEWSWIRE) -- LCS, the nation’s third-largest senior living operator, has promoted Dan Lahey to executive vice president /chief financial and investment officer effective Jan. 1, 2024.
Lahey will direct all financial and real estate operations for the organization and provide leadership for financial planning and analysis, accounting, treasury, tax, community finance, investments, capital markets, and asset and portfolio management for LCS.
“Dan understands our business from top to bottom and has made a tremendous impact on our company.
He joined LCS as an Accounting and Tax Manager on the finance team, and later joined LCS Real Estate at its inception.

LCS promotes David Mercugliano to lead business development strategy

Retrieved on:

Montag, Dezember 18, 2023

LCS, CPS, Business development, Family, Management

Des Moines, IA, Dec. 18, 2023 (GLOBE NEWSWIRE) -- LCS , the nation’s third-largest senior living provider, has announced the promotion of David Mercugliano to Vice President of Business Development.

Key Points:

Des Moines, IA, Dec. 18, 2023 (GLOBE NEWSWIRE) -- LCS , the nation’s third-largest senior living provider, has announced the promotion of David Mercugliano to Vice President of Business Development.
In his new role, Mercugliano will lead business development initiatives to expand management and development opportunities that grow top-line revenue for the LCS Family of Companies.
“David is an accomplished professional in the senior living industry and I am eager to leverage his expertise in this expanded role,” said Chris Bird, LCS President and Chief Operating Officer.
His career has provided rich experience across the care continuum in executive leadership, operations management, strategy, and business development.

Life Care Services becomes J.D. Power’s most awarded brand in the history of its Senior Living Satisfaction Study

Retrieved on:

Mittwoch, November 15, 2023

Organization, LCS, J.D. Power, Independent living, Customer satisfaction, Nursing, Assisted living

Power announced the results of its 2023 U.S. Senior Living Satisfaction Study, and Life Care Services , An LCS Company, has been recognized for the fifth consecutive year as #1 in Resident Satisfaction among Independent Senior Living Communities and added a #1 in Customer Satisfaction among Assisted Living/Memory Care Communities.

Key Points:

Power announced the results of its 2023 U.S. Senior Living Satisfaction Study, and Life Care Services , An LCS Company, has been recognized for the fifth consecutive year as #1 in Resident Satisfaction among Independent Senior Living Communities and added a #1 in Customer Satisfaction among Assisted Living/Memory Care Communities.
The awards make Life Care Services the most awarded Senior Living Provider in the nation.
Power 2023 U.S. Senior Living Satisfaction Study recognized Life Care Services for excellence in:
Independent Living: Five consecutive years as #1 in customer satisfaction among independent senior living providers.
Power 2023 U.S. Senior Living Satisfaction Study is based on responses from residents living in an independent, assisted living or memory care senior living community within the previous three years.

New Data Shows Winter EV Range Varies by Vehicle Brand and Age

Retrieved on:

Mittwoch, November 15, 2023

SEATTLE, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Recurrent, the auto industry's leading analyst of used electric vehicles (EV), today released its annual report on winter range data .

Key Points:

SEATTLE, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Recurrent, the auto industry's leading analyst of used electric vehicles (EV), today released its annual report on winter range data .
The analysis includes range data from over 10,000 vehicles in the Recurrent community across the United States, as well as tens of thousands of data points from on-board devices that provide data on energy usage.
Key findings and new data are:
Heat pump technology emerges as a significant factor in extending EV range, even in temperatures as low as 14°F.
Audi e-tron distinguishes itself as a winter leader by experiencing the least range drop in cold conditions.

FHLB Des Moines Announces Capital Stock Requirement Changes and Third Quarter 2023 Dividend and Financial Results

Retrieved on:

Donnerstag, Oktober 26, 2023

Asset, Insurance, Bank, Housing, Organization, Investment, Growth, Expense, National Capital Planning Commission, AHP, Partnership, Government, Capital, Cryptocurrency

On October 26, 2023, the Bank announced changes to its requirements for membership stock and activity stock on outstanding advances pursuant to its Capital Plan.

Key Points:

On October 26, 2023, the Bank announced changes to its requirements for membership stock and activity stock on outstanding advances pursuant to its Capital Plan.
In addition, the Bank will be increasing its activity stock requirement on advances only from 4.00 percent to 4.50 percent.
The Board of Directors approved a third quarter 2023 dividend at an annualized rate of 8.50 percent on activity-based stock, an increase of 0.55 percent from the prior quarter, and 3.00 percent on membership stock, unchanged from the prior quarter.
Dividend payments totaling $123 million, based on average stock outstanding during the third quarter of 2023, are expected to be paid on November 13, 2023.

FBLA Brings Collegiate Career Connections Conference to Des Moines

Retrieved on:

Mittwoch, Oktober 25, 2023

Reston, Virginia, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Future Business Leaders of America, Inc. (FBLA), the nation’s largest career and technical student organization focused solely on business, is hosting the first of two annual Career Connections Conferences in Des Moines, Iowa from October 26 to 28.

Key Points:

Reston, Virginia, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Future Business Leaders of America, Inc. (FBLA), the nation’s largest career and technical student organization focused solely on business, is hosting the first of two annual Career Connections Conferences in Des Moines, Iowa from October 26 to 28.
“Des Moines is a rich and vibrant community perfect for those looking to expand their career prospects in the Midwest, with Forbes rating it the #1 city for young professionals, ” said Iowa FBLA Executive Director Kent Storm.
“As FBLA continues to reinvest in our Collegiate division, we are proud to bring this fantastic opportunity for workforce development to students in the heartland of America,” FBLA President & CEO Alexander T. Graham said.
FBLA inspires and prepares students to become community-minded business leaders in a global society through relevant career preparation and leadership experiences.