O'Hara, U.S. Treasury

The Fedcap Group Releases Fiscal Year 2023 Operating and Financial Results

Retrieved on: 
수요일, 12월 13, 2023
Finance, Professional Services, Public Policy, Government, Socially Responsible Investing, White House, Federal Government, Social Services, Continuing, Training, State, Local, Education, Hive, Mental, Employment, Organization, Apex, O'Hara, U.S. Treasury, Workforce, Investment, Disability, CDFI, Work, Health, Biophysical environment, Workforce development, Growth, Single Stop, DSM-IV codes, Open educational practices, Welding, United Nations, Tourism, Nursing, Renewable energy, Health insurance, Security (finance), Social, Fedcap Rehabilitation Services

The Fedcap Group reported its operational and financial results for fiscal year 2023 ended September 30, 2023.

Key Points: 
  • The Fedcap Group reported its operational and financial results for fiscal year 2023 ended September 30, 2023.
  • In FY2023, The Fedcap Group served nearly 230,000 people, including those screened for state and federal benefits through our Single Stop program.
  • During FY2023, The Fedcap Group successfully educated 2,330 individuals—an annual increase of 4.5%—across four states, achieving an overall completion rate of 77%.
  • At fiscal 2023 year-end, The Fedcap Group had $34.9 million in cash and investments, total assets of $358.3 million, and long-term debt of $249.1 million.

Fintech Venture Aims to Revolutionize Access to Homeownership

Retrieved on: 
수요일, 12월 6, 2023
DPA, Treasury, African Americans, O'Hara, U.S. Treasury, Private sector, Government, HOTB, Software, Housing, Video game, Bank

LOS ANGELES, Dec. 6, 2023 /PRNewswire/ -- ORO Impact, a social impact fintech company, has launched a revolutionary down payment assistance (DPA) platform that aims to transform homeownership throughout the United States. ORO Impact's customizable platform makes it easy for employers to make loans to their employees, which the employees can use to make down payments on homes, and realize the dream of homeownership while providing a high-impact retention incentive for employers.

Key Points: 
  • LOS ANGELES, Dec. 6, 2023 /PRNewswire/ -- ORO Impact, a social impact fintech company, has launched a revolutionary down payment assistance (DPA) platform that aims to transform homeownership throughout the United States.
  • As the 401(k) plan revolutionized retirement savings – offered today to 69% of private sector employees and 92% of government employees – ORO Impact aims to do the same for homeownership.
  • ORO Impact also offers home buyers access to credit repair and other first time home buyer resources.
  • Homeownership reflects racial inequity , with homeownership rates for African American and Latino households lagging the national median by 22% and 15%, respectively.

IRS Whistleblower Receives $15.1 Million Award for Exposing Sophisticated Tax Evasion Scheme

Retrieved on: 
수요일, 11월 29, 2023
UBS, O'Hara, U.S. Treasury, Tax court, House, Professional, Senate, IRS Whistleblower Office, Colapinto, IRS, TC, Werfel, Congress, Government, Cryptocurrency, Pharmaceutical industry

WASHINGTON, Nov. 29, 2023 /PRNewswire/ -- Whistleblower attorneys Stephen M. Kohn and Dean Zerbe are pleased to announce today that a joint client – who wishes to remain anonymous – received an IRS whistleblower award of $15.1 million. The whistleblower provided the IRS with information that led to an enforcement action against 109 high-wealth individuals who had engaged in a sophisticated illegal tax evasion scheme -- resulting in over $71 million dollars being returned to the U.S. Treasury.

Key Points: 
  • WASHINGTON, Nov. 29, 2023 /PRNewswire/ -- Whistleblower attorneys Stephen M. Kohn and Dean Zerbe are pleased to announce today that a joint client – who wishes to remain anonymous – received an IRS whistleblower award of $15.1 million.
  • The whistleblower provided the IRS with information that led to an enforcement action against 109 high-wealth individuals who had engaged in a sophisticated illegal tax evasion scheme -- resulting in over $71 million dollars being returned to the U.S. Treasury.
  • "Today's award serves to reinforce that the IRS Whistleblower Program is critical in going after wealthy individuals who are evading tax.
  • Finally, Steve and I are honored to represent the whistleblower whose commitment to justice and exposing tax evasion made this all happen."

Nicholas Fixed Income Alternative ETF (Ticker: FIAX) Hits $50M in Assets

Retrieved on: 
화요일, 11월 14, 2023
ETF, NYSE, NAV, Student Investment Advisory Service, Investment, Risk, Government, O'Hara, U.S. Treasury, YTD, 7-day SEC yield, Finance, Adviser, FINRA, United States Treasury security, SIPC, Security (finance), Financial services

ATLANTA, Nov. 14, 2023 /PRNewswire/ -- Nicholas Wealth Management's first actively managed exchange-traded fund (ETF), the Nicholas Fixed Income Alternative ETF (NYSE: FIAX) hit $50 million in assets in less than 12 months in existence.

Key Points: 
  • ATLANTA, Nov. 14, 2023 /PRNewswire/ -- Nicholas Wealth Management's first actively managed exchange-traded fund (ETF), the Nicholas Fixed Income Alternative ETF (NYSE: FIAX) hit $50 million in assets in less than 12 months in existence.
  • We are excited about the future of FIAX and will remain laser focused on our mission to provide income for shareholders while minimizing volatility."
  • The Nicholas Fixed Income Alternative ETF is comprised primarily of U.S. Treasuries, which are one of the safest forms of investments and backed by the full faith and credit of the US Government.
  • Nicholas Wealth Management and BluePath Capital, LLC are separate entities and are not owned or controlled by World Equity Group, Inc.

Arevon Completes Financing on Nation's First Utility-Scale Solar Peaker Project Using the IRA's Transferability Provision

Retrieved on: 
수요일, 11월 8, 2023
Milbank, Solar energy, Treasury, TSLA, PV, J. P. Morgan, First Citizens BancShares, IRA, Tesla, Winston & Strawn, ITC, Inflation Reduction Act of 2022, First Solar, NXT, EPA, BNP Paribas, National Bank of Canada, Sumitomo Mitsui Banking Corporation, National bank, Project finance, PTC, FSLR, MUFG, Inflation, O'Hara, U.S. Treasury, Renewable energy, Vikings

NEW YORK and SCOTTSDALE, Ariz., Nov. 8, 2023 /PRNewswire/ -- Arevon Energy, Inc. today announced it has closed financing on the Vikings solar-plus-storage project with a combination of debt financing and tax credit transfer. Arevon secured a commitment with J.P. Morgan to purchase $191 million of investment tax credits and production tax credits, among the nation's first transactions announced to date that leverage the Inflation Reduction Act's transferability provision. The additional $338 million debt facility was financed with MUFG, BNP Paribas, Sumitomo Mitsui Banking Corporation, and First Citizens Bank, who acted as Coordinating Lead Arrangers. National Bank of Canada also participated as a lender.

Key Points: 
  • The IRA's transferability tax credit provision allows for the simple transfer of tax credits from project owners to profitable taxpayers, according to the EPA's Green Power Markets Summary .
  • In June of 2023, the U.S. Treasury released guidance on the tax credit transferability mechanisms established by last year's IRA.
  • "This solar peaking project concept is a key strategy for Arevon, and we are grateful to our financing parties for their support on this groundbreaking financing using tax credit transferability."
  • Stoel Rives represented Arevon as legal counsel; Milbank LLP served as transfer counsel; and Winston & Strawn LLP served as lender counsel.

YieldMax™ ETFs Announces Monthly Distributions on AMDY (65.22%), CONY (58.23%), TSLY (57.79%), DISO (42.66%), PYPY (38.82%) and Others

Retrieved on: 
화요일, 11월 7, 2023
ARK, COIN, SQ, NVDA, Funding, Investment, MRNA, Risk, NAV, Capital gain, Sale, Unitary state, GOOGL, TSLA, AMD, GOOY, Lovell Minnick Partners, Trust, META, JPM, Government, PYPL, AAPL, History, AMZN, MSFT, Adviser, XOM, AND, Option contract, O'Hara, U.S. Treasury, NFLX, ETF, TRUST, 7-day SEC yield, Falmouth Foreside, Maine, Prospectus, DIS, Life insurance, Security (finance), Telescopic sight, Financial adviser, Fund

The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV.

Key Points: 
  • The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV.
  • The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs.
  • Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero.
  • If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

Ponce Financial Group, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
월요일, 10월 30, 2023
Sale, Treasury, Federal Home Loan Banks, ASU, CECL, Lender option borrower option, CDFI, O'Hara, U.S. Treasury, Bank, Security (finance), Life insurance, Clothing, Cryptocurrency, ESOP

(5) For periods in 2023, balances include both modifications to borrowers experiencing financial difficulty, in accordance with ASU 2022-02 adopted on January 1, 2023, and previously existing troubled debt restructurings.

Key Points: 
  • (5) For periods in 2023, balances include both modifications to borrowers experiencing financial difficulty, in accordance with ASU 2022-02 adopted on January 1, 2023, and previously existing troubled debt restructurings.
  • Net income for the three months ended September 30, 2023 was $2.6 million compared to net loss of ($0.1) million for the three months ended June 30, 2023 and net loss of ($14.7) million for the three months ended September 30, 2022.
  • Net income for the nine months ended September 30, 2023 was $2.8 million compared to a net loss of ($20.8) million for the nine months ended September 30, 2022.
  • Total stockholders’ equity decreased $7.6 million, or 1.55%, to $485.1 million as of September 30, 2023, from $492.7 million as of December 31, 2022.

Mission Valley Bancorp Reports Third Quarter 2023 Results

Retrieved on: 
월요일, 10월 30, 2023
Asset, Sale, OTCQX, Community development financial institution, Equitable, Growth, SUN, Community development, Small Business Administration, Risk-weighted asset, Common equity, CDFI, Current Expected Credit Losses, SBA, ERP, Tier 1 capital, Gross loan, O'Hara, U.S. Treasury, Cryptocurrency, Video game, Rare-earth element, Bank

SUN VALLEY, Calif., Oct. 30, 2023 /PRNewswire/ -- Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income of $4.6 million for the third quarter of 2023, or $1.40 per diluted share, compared to net income of $1.8 million, or $0.53 per diluted share, for the third quarter of 2022.

Key Points: 
  • SUN VALLEY, Calif., Oct. 30, 2023 /PRNewswire/ -- Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income of $4.6 million for the third quarter of 2023, or $1.40 per diluted share, compared to net income of $1.8 million, or $0.53 per diluted share, for the third quarter of 2022.
  • Net Interest Income was $6.3 million for the third quarter of 2023, an increase of $0.7 million, or 13.42%, compared to the third quarter of 2022.
  • Net Interest Margin was 4.54% for the third quarter of 2023 compared to 4.66% for the third quarter of 2022.
  • Loan Production of $23.1 million in the third quarter of 2023, compared to $71.0 million in the third quarter of 2022.

Capital City Bank Group, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
화요일, 10월 24, 2023
Insurance, Sale, FDIC, CCHL, Bank, Federal Home Loan Banks, Acquisition, FED, Growth, NOW, Tangibility, Credit, HFI, Negotiation, O'Hara, U.S. Treasury, Real estate, Video game, Cryptocurrency, Security (finance), Basel

Our net interest margin for the third quarter of 2023 was 4.02%, a decrease of three basis points from the second quarter of 2023 and an increase of 71 basis points over the third quarter of 2022.

Key Points: 
  • Our net interest margin for the third quarter of 2023 was 4.02%, a decrease of three basis points from the second quarter of 2023 and an increase of 71 basis points over the third quarter of 2022.
  • We recorded a provision for credit losses of $2.4 million for the third quarter of 2023 compared to $2.2 million for the second quarter of 2023 and $2.1 million for the third quarter of 2022.
  • Noninterest income for the third quarter of 2023 totaled $20.2 million compared to $22.9 million for the second quarter of 2023 and $22.9 million for the third quarter of 2022.
  • Noninterest expense for the third quarter of 2023 totaled $41.6 million compared to $42.5 million for the second quarter of 2023 and $39.8 million for the third quarter of 2022.

The First Bancshares, Inc. Reports Results for Third Quarter ended September 30, 2023; Increases Quarterly Dividend 4%

Retrieved on: 
목요일, 10월 26, 2023
Banking, Professional Services, Finance, FDIC, FBMS, First Bank, ACL, Appendix, Conference, Acquisition, FTE, Growth, Central Time, Credit, Table, IDFC First Bank, Heritage Bank, O'Hara, U.S. Treasury, Cryptocurrency, Rare-earth element, Clothing, Video game, Security (finance), Pharmaceutical industry, Bank, United States Department of the Treasury

Net income available to common shareholders totaled $24.4 million for the quarter ended September 30, 2023, representing an increase of 2.4% when compared to $23.8 million for the quarter ended June 30, 2023.

Key Points: 
  • Net income available to common shareholders totaled $24.4 million for the quarter ended September 30, 2023, representing an increase of 2.4% when compared to $23.8 million for the quarter ended June 30, 2023.
  • Total loans increased $78.9 million for the quarter ended September 30, 2023, representing net growth of 6.3% on an annualized basis, as compared to the quarter ended June 30, 2023.
  • Net income available to common shareholders totaled $24.4 million for the quarter ended September 30, 2023, an increase of $0.6 million, or 2.4%, when compared to $23.8 million for the quarter ended June 30, 2023.
  • The Company recorded a provision for credit losses of $1.0 million for the quarter ended September 30, 2023 and $1.3 million for the quarter ended June 30, 2023.