Financial management

The Miller Group Awards Seventeenth Rudy R. Miller Business – Finance Scholarship to Arizona State University Senior

Thursday, October 21, 2021 - 6:00pm

SCOTTSDALE, Ariz., Oct. 21, 2021 (GLOBE NEWSWIRE) -- The Miller Group (TMG) announced it has awarded its 2021 Rudy R. Miller Business Finance Scholarship (RRM Scholarship) to Arizona State University (ASU) senior, Ben Davis, who is majoring in Finance.

Key Points: 
  • SCOTTSDALE, Ariz., Oct. 21, 2021 (GLOBE NEWSWIRE) -- The Miller Group (TMG) announced it has awarded its 2021 Rudy R. Miller Business Finance Scholarship (RRM Scholarship) to Arizona State University (ASU) senior, Ben Davis, who is majoring in Finance.
  • Bens future plans include attending graduate school and earning a Masters of Business Administration or Masters degree in finance.
  • His objective is to integrate his finance and business education and skills with an industry that motivates him.
  • Mr. Miller, Chairman, President and Chief Executive Officer of TMG and affiliated entities, stated, It is with great pleasure we welcome Ben to join our selective and growing group of Rudy R. Miller Business - Finance Scholarship recipients.

Blackbaud Announces Major Gift to Big Brothers Big Sisters to Support a More Diverse Workforce of the Future

Thursday, October 21, 2021 - 3:30pm

Part of Blackbaud's gift will support a new program called the BIG Beyond Scholar Program hosted by Big Brothers Big Sisters of the Lowcountry in Charleston, S.C., where Blackbaud is headquartered.

Key Points: 
  • Part of Blackbaud's gift will support a new program called the BIG Beyond Scholar Program hosted by Big Brothers Big Sisters of the Lowcountry in Charleston, S.C., where Blackbaud is headquartered.
  • In addition, Blackbaud will make gifts across the Big Brothers Big Sisters international network to support efforts to bridge the divide between education and employment for under-resourced youth around the world.
  • "We're proud to make this contribution to the Big Brothers Big Sisters organization to support college and career readiness for high-potential youth locally, nationally and internationally."
  • "Big Brothers Big Sisters and Blackbaud share a common commitment to bridging the opportunity gap for high potential and under-resourced youth, and building a diverse workforce," said Merridith Crowe, CEO, Big Brothers Big Sisters of the Lowcountry.

GrubMarket Expands to Canada through Acquisition of Funtech Software

Thursday, October 21, 2021 - 2:39pm

SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- GrubMarket today announced it has completed the acquisition of Vancouver-based Funtech Software, a provider of comprehensive eCommerce systems and online grocery software solutions to both online grocery companies and brick-and-mortar grocery stores, enabling them to manage their business online and reach more consumers. This marks GrubMarket's first acquisition in Canada, and the formation of GrubMarket's first overseas software technology R&D center, leveraging the rich software engineering resources in the Vancouver area.

Key Points: 
  • GrubMarket acquires Funtech Software, aCanadiansoftware-as-a-serviceprovider of eCommerce and online grocerysoftware solutions foronline grocery companiesandbrick-and-mortar grocery storesthroughout Canada and the U.S.,enabling them togrow and manage their consumer-facing online businesses.
  • We sincerely look forward to joining the GrubMarket team and working together to bring Funtech Software to the next level of success."
  • According to Mike Xu, CEO of GrubMarket: "Funtech Softwareis a pioneer in building business-to-consumer (B2C)eCommerce software for physical and online grocery stores.
  • This acquisition marks the start of our expansion intoCanada.Italso enables GrubMarket to build an elite software engineering R&D center in Vancouver, leveragingthe deep software engineering talent pool available there.Moreover, this acquisition supplementsour current software offering topowerboth B2B and B2C activities in the food supply chainindustry.

Potomac Bancshares, Inc. Declares Dividend

Thursday, October 21, 2021 - 2:03pm

CHARLES TOWN, W.Va., Oct.21, 2021 /PRNewswire/ --The Board of Directors of Potomac Bancshares, Inc. (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared a quarterly dividend of $0.08 per share at their October board meeting.

Key Points: 
  • CHARLES TOWN, W.Va., Oct.21, 2021 /PRNewswire/ --The Board of Directors of Potomac Bancshares, Inc. (OTC:PTBS), the one bank holding company for Bank of Charles Town (BCT), declared a quarterly dividend of $0.08 per share at their October board meeting.
  • The dividend is for all shareholders of record on November 2, 2021 and will be paid on November 9, 2021.
  • Founded in 1871 and celebrating their 150th year of service, BCT - Bank of Charles Town, also known as The Community's Bank, is a wholly owned subsidiary of Potomac Bancshares, Inc. (OTC:PTBS).
  • For more information about Potomac Bancshares, Inc., and the Bank, please visit our website at www.mybct.bank.

Andrew H. Tisch to Step Down from Loews Corporation's Management After Half a Century with the Company

Thursday, October 21, 2021 - 2:00pm

Mr. Tisch will continue to serve on the Loews board as Co-Chairman and Chairman of the Executive Committee.

Key Points: 
  • Mr. Tisch will continue to serve on the Loews board as Co-Chairman and Chairman of the Executive Committee.
  • "I've been privileged to be able to work alongside so many talented and dedicated individuals throughout my career, especially my brother and cousin," said Andrew Tisch.
  • "At the end of this December, I will relinquish my executive responsibilities and step away from the Office of the President.
  • Mr. Tisch first started working for Loews in 1971 and has worked for the company ever since.

Chad Paris Joins The Marcus Corporation as Corporate Controller and Treasurer

Thursday, October 21, 2021 - 12:45pm

The Marcus Corporation (NYSE: MCS) today announced that Chad Paris has joined the company as corporate controller and treasurer.

Key Points: 
  • The Marcus Corporation (NYSE: MCS) today announced that Chad Paris has joined the company as corporate controller and treasurer.
  • Paris will report to Douglas A. Neis, executive vice president and chief financial officer of The Marcus Corporation.
  • View the full release here: https://www.businesswire.com/news/home/20211021005352/en/
    Chad Paris, corporate controller and treasurer at The Marcus Corporation (Photo: Business Wire)
    Paris brings to the company a strong background in finance and accounting with significant financial transaction experience.
  • With over 15 years of financial management and accounting experience, Chad brings a depth of knowledge to The Marcus Corporation and its two divisions.

Bausch Health Announces Tom Vadaketh Will Join Bausch Pharma* As Chief Financial Officer

Thursday, October 21, 2021 - 12:00pm

LAVAL, QC, Oct. 21, 2021 /PRNewswire/ -- Bausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health" or the "Company") today announced that Tom Vadaketh will join the Company as Chief Financial Officer (CFO) for its Bausch Pharma* business effective Jan. 3, 2022.

Key Points: 
  • LAVAL, QC, Oct. 21, 2021 /PRNewswire/ -- Bausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health" or the "Company") today announced that Tom Vadaketh will join the Company as Chief Financial Officer (CFO) for its Bausch Pharma* business effective Jan. 3, 2022.
  • "We are very pleased that Tom will join the leadership team of Bausch Pharma as our CFO.
  • "I am excited to join Bausch Pharma, which has a well-known reputation for trusted brands in health care," said Mr. Vadaketh.
  • *Bausch Health is referred to as "Bausch Pharma" and will assume a new name upon the separation of the company's eye health business, Bausch + Lomb.

ADB Acquires Cincinnati-based PrimeTech Communications

Thursday, October 21, 2021 - 11:00am

CINCINNATI, Oct. 21, 2021 /PRNewswire/ -- Capital Tactics Inc. today announced the sale of PrimeTech Communications to ADB Companies, a portfolio company of private equity firm Warren Equity Partners.

Key Points: 
  • CINCINNATI, Oct. 21, 2021 /PRNewswire/ -- Capital Tactics Inc. today announced the sale of PrimeTech Communications to ADB Companies, a portfolio company of private equity firm Warren Equity Partners.
  • The transaction expands ADB's reach into the midwest US, and affords PrimeTech additional growth opportunities as a part of Warren Equity's portfolio of companies.
  • Brad Shoemaker, CEO of PrimeTech, commented, "PrimeTech has spent 25 years building an esteemed reputation.
  • With four unique business groups Wireline, Wireless, Engineering, and Technology ADB provides world-class services across an array of industries, connecting communities and building the nation's infrastructure.

Investments & Wealth Institute's New Alliance Expands Member Benefits to Include Fiduciary Expertise.

Wednesday, October 20, 2021 - 6:18pm

The Fi360 Accredited Investment Fiduciary (AIF) Designation is a professional certification that demonstrates a fundamental understanding of the principles of fiduciary duty, the standards of conduct for acting as a fiduciary, and a process for carrying out fiduciary responsibility.

Key Points: 
  • The Fi360 Accredited Investment Fiduciary (AIF) Designation is a professional certification that demonstrates a fundamental understanding of the principles of fiduciary duty, the standards of conduct for acting as a fiduciary, and a process for carrying out fiduciary responsibility.
  • Adding, "our alliance with Broadridge is a natural fit, with our focus on excellence and ethics and their focus on prudent fiduciary practices.
  • Like us, the Investments & Wealth Institute values relevant and impactful fiduciary education and technology thats important in todays evolving financial management landscape, said John Faustino, Head of Broadridges fiduciary certification and training solutions.
  • Founded in 1985, the Investments & Wealth Institute is the premier professional association, education provider, and standards body for financial advisors.

PNC Foundation Announces $16.8 Million Grant To Support And Develop Black-Owned Businesses Through New Howard University Center for Entrepreneurship

Wednesday, October 20, 2021 - 2:35pm

PITTSBURGH, Oct. 20, 2021 /PRNewswire/ -- The PNC Foundation today announced a five-year, $16.8 million grant to create The Howard University and PNC National Center for Entrepreneurship aimed at building resources and support for Black business owners across the country.

Key Points: 
  • PITTSBURGH, Oct. 20, 2021 /PRNewswire/ -- The PNC Foundation today announced a five-year, $16.8 million grant to create The Howard University and PNC National Center for Entrepreneurship aimed at building resources and support for Black business owners across the country.
  • The center will support expanded opportunities for Black entrepreneurship with enhanced educational, leadership and capacity-building resources and programs nationwide.
  • The PNC Foundation is providing the five-year, $16.8 million grant to Howard University to create a center for entrepreneurship education and research with the goal to serve the nation's network of 101 historically Black colleges and universities' (HBCU) and their communities.
  • The five-year grant to create a nationally recognized Howard University and PNC National Center for Entrepreneurship is a major part of this pledge," saidRichard Bynum, chief corporate responsibility officer for PNC.