Trust

First Republic Reports 2022 Results

Retrieved on: 
Friday, January 13, 2023

First Republic Bank (NYSE: FRC) today announced financial results for the quarter and year ended December 31, 2022.

Key Points: 
  • First Republic Bank (NYSE: FRC) today announced financial results for the quarter and year ended December 31, 2022.
  • (1)
    The Bank’s Tier 1 leverage ratio was 8.51%at December 31, 2022, compared to 8.59% at September 30, 2022.
  • Total investment securities at December 31, 2022 were $31.7 billion, a slight increase compared to September 30, 2022 and a 23.4% increase compared to a year ago.
  • First Republic Bank’s fourth quarter 2022 earnings conference call is scheduled for January 13, 2023 at 7:00 a.m. PT / 10:00 a.m.

VICI Properties Inc. Announces Pricing of Upsized Public Offering of Common Stock

Retrieved on: 
Friday, January 13, 2023

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today the pricing of an upsized underwritten public offering of 26,350,000 shares of its common stock at a public offering price of $33.00 per share, all of which will be offered on a forward basis through the forward purchasers (as defined below) or their respective affiliates in connection with the forward sale agreements described below.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today the pricing of an upsized underwritten public offering of 26,350,000 shares of its common stock at a public offering price of $33.00 per share, all of which will be offered on a forward basis through the forward purchasers (as defined below) or their respective affiliates in connection with the forward sale agreements described below.
  • The offering is expected to close on January 18, 2023, subject to customary closing conditions.
  • Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan are acting as joint book-running managers for the offering, and as representatives of the underwriters in the offering.
  • and J.P. Morgan (or their respective affiliates) (the “forward purchasers”) with respect to the shares of common stock covered by the offering.

Mesabi Trust Press Release

Retrieved on: 
Thursday, January 12, 2023

The Trustees of Mesabi Trust (NYSE:MSB) have determined that no distribution will be declared this January 2023 with respect to Units of Beneficial Interest.

Key Points: 
  • The Trustees of Mesabi Trust (NYSE:MSB) have determined that no distribution will be declared this January 2023 with respect to Units of Beneficial Interest.
  • Quarterly royalty payments from Northshore for iron ore production and shipments during the fourth calendar quarter, which are payable to Mesabi Trust under the royalty agreement, are due January 30, 2023, together with the quarterly royalty report.
  • After receiving the quarterly royalty report, Mesabi Trust plans to file a summary of the quarterly royalty report with the Securities and Exchange Commission in a Current Report on Form 8-K.
    As previously disclosed by Mesabi Trust, on October 14, 2022, the Trust initiated arbitration against Northshore and its parent, Cliffs (jointly, the “Operator”), the lessee/operator of the leased lands.
  • The Trust also seeks declaratory relief related to the Trust’s entitlement to certain documentation and to the time the Operator’s royalty obligation accrues on internal production.

FinWise Bank Announces Meg Taylor as SVP Chief Accounting Officer

Retrieved on: 
Thursday, January 12, 2023

FinWise Bank, a subsidiary of FinWise Bancorp, is pleased to announce that Meg Taylor has been appointed as the Bank's new Senior Vice President and Chief Accounting Officer.

Key Points: 
  • FinWise Bank, a subsidiary of FinWise Bancorp, is pleased to announce that Meg Taylor has been appointed as the Bank's new Senior Vice President and Chief Accounting Officer.
  • Taylor brings over 30 years of experience in the finance and accounting industries.
  • As Senior Vice President and Chief Accounting Officer, Taylor will lead the Bank’s financial and regulatory reporting functions.
  • She will also assist FinWise Bancorp with SEC Reporting, technical accounting research, and internal controls over financial reporting.

OneRail Adds Freight Tech Heavy-Hitter Shawna Baker to Its High-Performing Executive Leadership Team

Retrieved on: 
Thursday, January 12, 2023

OneRail , an innovative leading provider of solutions in last mile delivery fulfillment, today announced the addition of Shawna Baker as its new VP of Partnerships & Business Development.

Key Points: 
  • OneRail , an innovative leading provider of solutions in last mile delivery fulfillment, today announced the addition of Shawna Baker as its new VP of Partnerships & Business Development.
  • Baker will be responsible for defining the strategy and framework for both functions, as well as onboarding the teams to support them.
  • “In joining the OneRail family, I’m excited to help build out the strategy, framework and team to drive growth,” Baker said.
  • “I appreciate OneRail’s agility, both in the design of the go-to-market strategy and in the service level to customers and partners.

VICI Properties Inc. Announces Public Offering of Common Stock

Retrieved on: 
Thursday, January 12, 2023

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today that it has commenced an underwritten public offering of 24,000,000 shares of its common stock, all of which will be offered on a forward basis through the forward purchasers (as defined below) or their respective affiliates in connection with the forward sale agreements described below.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, announced today that it has commenced an underwritten public offering of 24,000,000 shares of its common stock, all of which will be offered on a forward basis through the forward purchasers (as defined below) or their respective affiliates in connection with the forward sale agreements described below.
  • The underwriters of the offering also expect to be granted a 30-day option to purchase up to an additional 3,600,000 shares of the Company’s common stock from the forward purchasers solely to cover over-allotments, if any.
  • Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan are acting as joint book-running managers for the offering.
  • and J.P. Morgan (or their respective affiliates) (the “forward purchasers”) with respect to the shares of common stock covered by the offering.

Dremio Expands Security Compliance with HIPAA Certification

Retrieved on: 
Thursday, January 12, 2023

Dremio, the easy and open data lakehouse, today announced its HIPAA compliance.

Key Points: 
  • Dremio, the easy and open data lakehouse, today announced its HIPAA compliance.
  • Dremio meets the Information Security control requirements for a multitude of other compliance frameworks and certifications including ISO 270001 and GDPR.
  • Clients and patients are becoming more aware of HIPAA compliance requirements and how the regulations protect their personal health information.
  • By demonstrating compliance with HIPAA regulations, Dremio has displayed its commitment to upholding highest standards of data security and compliance.

Cloudflare Expands Relationship with Microsoft, Makes Industry Leading Zero Trust Security Tools Easier than Ever to Deploy

Retrieved on: 
Thursday, January 12, 2023

This fundamental shift in where and how people work has caused enterprises to rethink legacy tools and abandon the traditional castle-and-moat approach to security, looking towards Zero Trust instead.

Key Points: 
  • This fundamental shift in where and how people work has caused enterprises to rethink legacy tools and abandon the traditional castle-and-moat approach to security, looking towards Zero Trust instead.
  • Now, mutual customers can seamlessly deploy Zero Trust security tools in minutes, with no complex code changes, and add industry-first features, such as Cloudflare’s Remote Browser Isolation technology.
  • “We want to make it easier than ever for IT leaders to deploy Zero Trust security across the enterprise and keep users safe wherever they are working from.
  • These integrations pair Microsoft Identity solutions and Cloudflare network security tools to create a quality Zero Trust offering.

Private Foundations in The Foundation Office at Fifth Third Bank Announce More Than $6.5 Million in 2022 Grants

Retrieved on: 
Thursday, January 12, 2023

Nine private family foundations in The Foundation Office at Fifth Third Bank, National Association, announced grants totaling more than $6.5 million in 2022.

Key Points: 
  • Nine private family foundations in The Foundation Office at Fifth Third Bank, National Association, announced grants totaling more than $6.5 million in 2022.
  • “It is our honor to guide the philanthropic foundations of so many families,” said Heidi B. Jark, senior vice president and managing director of The Foundation Office at Fifth Third Bank.
  • The Foundation Office at Fifth Third Bank, National Association, serves as trustee, co-trustee or agent for more than 300 private and corporate foundations that grant millions of dollars annually to worthy charities across the United States.
  • To learn more about The Foundation Office at Fifth Third Bank, please visit 53.com/foundationoffice .

ChicMe Chooses Forter to Optimize Customer Experience and Support New Market Expansion

Retrieved on: 
Thursday, January 12, 2023

Forter , the Trust Platform for digital commerce, today announced that ChicMe, a leading online women’s fashion brand, selected Forter to support its global expansion by improving payment processing, reducing fraud and increasing order fulfillment efficiency.

Key Points: 
  • Forter , the Trust Platform for digital commerce, today announced that ChicMe, a leading online women’s fashion brand, selected Forter to support its global expansion by improving payment processing, reducing fraud and increasing order fulfillment efficiency.
  • The company aims to provide a user-friendly shopping experience that features hassle-free customer service, timely delivery and a product range that delights its customers.
  • Balancing these priorities with our plans for market expansion became a growing challenge,” said Li Feng, chief technology officer, Geeko Tech.
  • “Working with Forter has empowered us to scale our business while maintaining superior customer experience and blocking fraud.