Primary dealers

Citizens Financial Group to Present at the 2020 KBW Winter Financial Services Symposium

Friday, January 24, 2020 - 10:01pm

Citizens Financial Group, Inc. (NYSE: CFG) announced today that Chief Information Officer, Head of Technology Services Michael Ruttledge will present at the 2020 KBW Winter Financial Services Symposium on Thursday, February 13, 2020 at 11:30 am ET.

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) announced today that Chief Information Officer, Head of Technology Services Michael Ruttledge will present at the 2020 KBW Winter Financial Services Symposium on Thursday, February 13, 2020 at 11:30 am ET.
  • Citizens Financial Group, Inc. is one of the nations oldest and largest financial institutions, with $165.7 billion in assets as of December 31, 2019.
  • Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions.
  • Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings.

Applied Therapeutics, Inc. Announces Upsizing and Pricing of Public Offering of 2,741,489 Shares of Common Stock

Friday, January 24, 2020 - 2:28am

The gross proceeds to the Company from the offering, before deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be approximately $124.7million.

Key Points: 
  • The gross proceeds to the Company from the offering, before deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be approximately $124.7million.
  • In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 411,223 shares of common stock at the price to the public, less underwriting discounts and commissions.
  • The offering was upsized from the previously announced offering size of 1,750,000 shares of common stock.
  • Goldman Sachs & Co. LLC, Cowen, Barclays and UBS Investment Bank are acting as joint book-running managers for the offering.

Seacoast to Acquire Fourth Street Banking Company

Thursday, January 23, 2020 - 9:51pm

STUART, Fla., Jan. 23, 2020 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ:SBCF) (Seacoast), the holding company for Seacoast National Bank (Seacoast Bank), today announced it has signed a definitive agreement to acquire Fourth Street Banking Co. ("Fourth Street"), the holding company for Freedom Bank of St. Petersburg.

Key Points: 
  • STUART, Fla., Jan. 23, 2020 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ:SBCF) (Seacoast), the holding company for Seacoast National Bank (Seacoast Bank), today announced it has signed a definitive agreement to acquire Fourth Street Banking Co. ("Fourth Street"), the holding company for Freedom Bank of St. Petersburg.
  • Under the terms of the merger agreement, Fourth Street shareholders will receive 0.1275 shares of Seacoast common stock for each share of Fourth Street common stock.
  • The Company provides integrated financial services including commercial and retail banking, wealth management, and mortgage services to customers through advanced banking solutions, and 48 traditional branches of its locally-branded, wholly-owned subsidiary bank, Seacoast Bank.
  • Seacoast will file with the Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 containing a proxy statement of Fourth Street and a prospectus of Seacoast, and Seacoast will file other documents with the SEC with respect to the proposed merger.

Gores Holdings IV, Inc. Announces Pricing of $400 Million Initial Public Offering

Thursday, January 23, 2020 - 9:45pm

Each unit consists of one share of the Companys Class A common stock and one-fourth of one warrant.

Key Points: 
  • Each unit consists of one share of the Companys Class A common stock and one-fourth of one warrant.
  • Deutsche Bank Securities Inc. is the lead book-running manager and Morgan Stanley & Co. LLC is also serving as a book-running manager for the offering.
  • The Company has granted the underwriters a 45-day option to purchase up to an additional 6,000,000 units at the initial public offering price to cover over-allotments, if any.
  • This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds.

Heartland Financial USA, Inc. Declares an 11% Increase in Quarterly Cash Dividend

Thursday, January 23, 2020 - 9:00pm

As of December 31, 2019, there were 36,704,278 common shares outstanding listed on the NASDAQ Global Select Market under the symbol HTLF.

Key Points: 
  • As of December 31, 2019, there were 36,704,278 common shares outstanding listed on the NASDAQ Global Select Market under the symbol HTLF.
  • Heartland is a diversified financial services company with assets of approximately $13 billion.
  • The company provides banking, mortgage, private client, investment, treasury management, card services and insurance to individuals and businesses.
  • Heartland currently has 115 banking locations serving 84 communities in Iowa, Illinois, Wisconsin, New Mexico, Arizona, Montana, Colorado, Minnesota, Kansas, Missouri, Texas and California.

Bank of Santa Clarita Reports Another Banner Year

Thursday, January 23, 2020 - 6:20pm

In reviewing operating results for 2019, the Bank reported $9,251,000 of net interest income, representing a slight 2.4% decrease from 2018.

Key Points: 
  • In reviewing operating results for 2019, the Bank reported $9,251,000 of net interest income, representing a slight 2.4% decrease from 2018.
  • Considering the continued drop in prime interest rates over the last year this slight decrease was fully anticipated.
  • The Bank reported total net loans of $232.9 million at December 31, 2019, an increase of 1.5% over the total reported at the end of 2018.
  • Bank of Santa Clarita, founded in 2004, is the only full-service commercial bank headquartered in the Santa Clarita Valley, and is focused on meeting the banking needs of the community and its businesses.

Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of LIZHI INC.

Thursday, January 23, 2020 - 3:30pm

Deutsche Bank is Germanys leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

Key Points: 
  • Deutsche Bank is Germanys leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.
  • This notice has been approved and/or communicated by Deutsche Bank AG New York.
  • The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation.
  • No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank.

Morgan Stanley Launches CashPlus: A Modern Alternative to Banking that Offers Better Ways to Manage Cash Activities

Thursday, January 23, 2020 - 4:00pm

Morgan Stanley today announced the launch of CashPlus, a new brokerage account that offers clients a modern alternative to banking.

Key Points: 
  • Morgan Stanley today announced the launch of CashPlus, a new brokerage account that offers clients a modern alternative to banking.
  • Both account types also offer access to Morgan Stanley Cards from American Express, created exclusively for Morgan Stanley clients.
  • Morgan Stanley Wealth Management is a business of Morgan Stanley Smith Barney LLC.
  • American Express may share information about your Card Account with Morgan Stanley in support of Morgan Stanley programs and services.

KBS Signs Lease Extension with BNP Paribas for 53,186 Square Feet

Wednesday, January 22, 2020 - 11:00am

KBS , one of the largest investors in premier commercial real estate in the nation, announced today that it has signed a lease extension for 53,186 square feet with BNP Paribas at Woodbridge Corporate Plaza in Iselin, New Jersey.

Key Points: 
  • KBS , one of the largest investors in premier commercial real estate in the nation, announced today that it has signed a lease extension for 53,186 square feet with BNP Paribas at Woodbridge Corporate Plaza in Iselin, New Jersey.
  • BNP Paribas, a premier global banking organization, is an existing tenant at Woodbridge Corporate Plaza.
  • With the lease extension, the tenant will continue to fully occupy the first and third floors of Building D at the property.
  • Jamie Drummond and Andrew Perrotti of Newmark Knight Frank represented KBS in the lease extension.

Citi Custody and Fund Services Hires Head of Client Reporting

Wednesday, January 22, 2020 - 10:24am

Citi announced today that Mark Ersser has joined the firms Custody and Fund Services business as the Head of Client Reporting Product for EMEA.

Key Points: 
  • Citi announced today that Mark Ersser has joined the firms Custody and Fund Services business as the Head of Client Reporting Product for EMEA.
  • Mr. Ersser will be based in London and report to Paul Kilcullen, Head of Custody and Fund Services Ireland.
  • He joins Citi from Legal and General Investment Management where he grew and ran a large-scale reporting platform as the Head of Client Reporting.
  • This appointment underscores our commitment to building out a world-class middle office platform, said Pervaiz Panjwani, EMEA Head of Custody and Fund Services.