Primary dealers

GBank Financial Holdings Inc. Announces Quarterly Operating Earnings

Retrieved on: 
Friday, July 23, 2021
Finance, Banks, Financial services, Investment banks, Primary dealers, Subprime mortgage crisis, UBS, Warburg family

Second Quarter Financial Highlights(for the quarterly period ended and at June 30, 2021)

Key Points: 
  • Second Quarter Financial Highlights(for the quarterly period ended and at June 30, 2021)
    Net income increased 222% to $3.36 million, compared to Q1 2021.
  • This bold initiative utilized the Company's sizable financial strength to support all the Bank's communities and clients.
  • The Company will host its quarterly earnings call on Tuesday, August 3, at 2:00 p.m. (PST).
  • GBank Financial Holdings Inc. ("GBank" or the "Company") ( GBFH ), a bank holding company with approximately $544 million in assets at June 30, 2021, conducts business through its wholly owned subsidiary, Bank of George (named in honor of George Washington).

LexinFintech Wins The Asian Banker Award for the Third Year in a Row

Retrieved on: 
Thursday, July 22, 2021
Companies, Finance, Financial services, Primary dealers, Subprime mortgage crisis, Industrial and Commercial Bank of China, Citigroup, Ant Group, Bank, The Asian Banker

Lexin also won Best AI and Innovation Lab in China in 2020 and Best Lending Technology in China in 2019 from The Asian Banker.

Key Points: 
  • Lexin also won Best AI and Innovation Lab in China in 2020 and Best Lending Technology in China in 2019 from The Asian Banker.
  • The Asian Banker Awards are generally viewed by executives as one of the most rigorous, prestigious and transparent financial awards in Asia.
  • Previous winners of the award include world-renowned financial institutions such as Citigroup, Ant Financial and ICBC.
  • LexinFintech Holdings Ltd. is a leading online consumption and finance platform for new generation consumers and users in China.

Jonathan Pritti and Andrew Redmond to Join Guggenheim Securities Healthcare Investment Banking

Retrieved on: 
Thursday, July 22, 2021
Finance, Financial services, Banks, Primary dealers, Guggenheim Partners, Guggenheim family, Subprime mortgage crisis, Investment banks, Houlihan Lokey, Investment banking, Goldman Sachs, BNP Paribas

NEW YORK, July 22, 2021 (GLOBE NEWSWIRE) -- Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Jonathan Pritti will join the firm as a Senior Managing Director and Andrew Redmond will join the firm as a Managing Director in its healthcare investment banking practice and will focus on covering healthcare-focused information technology companies.

Key Points: 
  • NEW YORK, July 22, 2021 (GLOBE NEWSWIRE) -- Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Jonathan Pritti will join the firm as a Senior Managing Director and Andrew Redmond will join the firm as a Managing Director in its healthcare investment banking practice and will focus on covering healthcare-focused information technology companies.
  • Mr. Pritti joins Guggenheim with more than two decades of investment banking experience, most recently serving as Managing Director and Head of Healthcare Information Technology at Houlihan Lokey.
  • Mr. Pritti was also previously a member of the Healthcare Investment Banking group at Goldman Sachs and he began his career in investment banking at BNP Paribas.
  • Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners, a global investment and advisory firm.

AI Global Investors Partners with Veteran Team of Goldman Alums

Retrieved on: 
Thursday, July 22, 2021
Finance, Primary dealers, Subprime mortgage crisis, Financial services, Banks, Hedge funds, Point72 Asset Management, Goldman Sachs, Morgan Stanley

NEW YORK, July 22, 2021 /PRNewswire-PRWeb/ -- Asset management firm AI Global Investors (USA) LLC ("AI") today announced the onboarding of Anchorvest Capital ("Anchorvest") to AI's New York-based asset management platform.

Key Points: 
  • NEW YORK, July 22, 2021 /PRNewswire-PRWeb/ -- Asset management firm AI Global Investors (USA) LLC ("AI") today announced the onboarding of Anchorvest Capital ("Anchorvest") to AI's New York-based asset management platform.
  • "We are proud to work with such an accomplished and highly pedigreed team," said Lawrence Newhook, CEO of AI.
  • The core team consists of talent from blue chip firms including Point72, Balyasny Asset Management, Goldman Sachs, and Morgan Stanley.
  • AI Media, AI Global Investors (USA) LLC, 646.854.5900, [email protected]

Instructure Announces Pricing of Initial Public Offering

Retrieved on: 
Thursday, July 22, 2021
Finance, Primary dealers, Subprime mortgage crisis, Companies, Banks, Instructure, Initial public offering, Jefferies Group, Morgan Stanley, Citigroup, Underwriting

SALT LAKE CITY, July 21, 2021 /PRNewswire/ -- Instructure Holdings, Inc. (Instructure) today announced the pricing of its initial public offering of 12,500,000 shares of its common stock at a price to the public of $20.00.

Key Points: 
  • SALT LAKE CITY, July 21, 2021 /PRNewswire/ -- Instructure Holdings, Inc. (Instructure) today announced the pricing of its initial public offering of 12,500,000 shares of its common stock at a price to the public of $20.00.
  • In addition, Instructure has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of Instructure's common stock at the initial public offering price, less underwriting discounts and commissions.
  • Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Jefferies LLC and Macquarie Capital (USA) Inc. are acting as bookrunning managers for the offering.
  • Today, Instructure supports more than 30 million educators and learners at more than 6,000 organizations around the world.

Oak Valley Bancorp Reports 2nd Quarter Results and Announces Cash Dividend

Retrieved on: 
Wednesday, July 21, 2021
Primary dealers

OAKDALE, Calif., July 21, 2021 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the Company), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results.

Key Points: 
  • OAKDALE, Calif., July 21, 2021 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the Company), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results.
  • $2,202,000 in PPP loan interest and fee income was recorded during the second quarter of 2021, compared to $2,590,000 during the prior quarter, and $1,092,000 during the second quarter of 2020.
  • Non-interest expense totaled $8,215,000 for the quarter ended June 30, 2021, compared to $7,720,000 in the prior quarter and $6,874,000 in the same quarter a year ago.
  • Oak Valley Bancorp operates Oak Valley Community Bank and their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses.

Nnenna Lynch Appointed to Board of Directors of Blackstone Mortgage Trust

Retrieved on: 
Wednesday, July 21, 2021
Banking, Professional services, Finance, Real estate investing, United States housing bubble, Primary dealers

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) announced today that Nnenna Lynch has been appointed to its Board of Directors, effective immediately.

Key Points: 
  • Blackstone Mortgage Trust, Inc. (NYSE: BXMT) announced today that Nnenna Lynch has been appointed to its Board of Directors, effective immediately.
  • Ms. Lynch brings a diverse array of knowledge and experience in real estate investment and development to the BXMT board.
  • Michael B. Nash, Executive Chairman of the Board of BXMT, said: We are thrilled to welcome Nnenna to our Board of Directors.
  • Blackstone Mortgage Trust (NYSE:BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia.

Eastern Bank Welcomes Stanley Tree Service, Inc. As A Commercial Customer

Retrieved on: 
Wednesday, July 21, 2021
Finance, Banking, Natural Resources, Professional services, Forest Products, Finance, Primary dealers, Economy, Banks, Ocean Bank, Vice president, Subprime mortgage crisis

Eastern Bank is pleased to announce Stanley Tree Service, Inc. (Stanley Tree) as a new commercial banking customer.

Key Points: 
  • Eastern Bank is pleased to announce Stanley Tree Service, Inc. (Stanley Tree) as a new commercial banking customer.
  • Stanley Tree was founded in 1986 as a residential tree trimming and service company.
  • Stanley Tree has 240 employees and is led by a team of dedicated, long-term employees.
  • The Commercial Banking team advising Stanley Tree Service includes Executive Vice President, Senior Commercial Banking Officer Greg Buscone, Senior Vice President and Commercial Team Leader Dan Field, and Senior Vice President and Commercial Relationship Manager David Nussbaum.

Valley Republic Bancorp Reports Record Earnings

Retrieved on: 
Wednesday, July 21, 2021
Regions of the United States, Banks of the United States, Economy of the United States, Republic Bank & Trust Company, Primary dealers, Subprime mortgage crisis, Westamerica Bank, The Savings Bank

Developing new banking relationships and enhancing the Bank's non-interest income remain a major focus of Valley Republic Bank.

Key Points: 
  • Developing new banking relationships and enhancing the Bank's non-interest income remain a major focus of Valley Republic Bank.
  • Valley Republic Bancorp is a bank holding company formed in 2016.
  • Valley Republic Bank, established in 2009, is a wholly owned subsidiary of Valley Republic Bancorp, headquartered in Bakersfield, California.
  • Valley Republic Bank emphasizes professional, high quality banking services provided to a wide range of businesses and professionals.

Sanctuary Wealth Hires Industry Veteran as Director with Capital Markets Desk

Retrieved on: 
Wednesday, July 21, 2021
Finance, Money, Investment, Financial markets, Primary dealers, Subprime mortgage crisis, UBS, Capital market

Vergari's addition is one next step in bolstering the partnered independence platform and developing our Capital Markets Desk to further provide the necessary expertise and resources to our team of industry leading advisors," said Jim Dickson, CEO and Founder of Sanctuary Wealth.

Key Points: 
  • Vergari's addition is one next step in bolstering the partnered independence platform and developing our Capital Markets Desk to further provide the necessary expertise and resources to our team of industry leading advisors," said Jim Dickson, CEO and Founder of Sanctuary Wealth.
  • With over 20 years of sales, trading, and managerial experience, Vergari will support Sanctuary Wealth in sales and trading needs, working directly with advisors and reporting directly to Josh Freeman, Managing Director of Capital Markets.
  • "I've seen Jim and his team build the partnered independence model at Sanctuary Wealth from the ground up and have been highly impressed with the support this model brings to advisors," said Bohn Vergari, Director of Capital Markets Sales & Trading, Sanctuary Wealth.
  • The Sanctuary Wealth Group includes the fully owned subsidiaries Sanctuary Advisors, a registered investment adviser, and the broker-dealer Sanctuary Securities, as well as Sanctuary Alternative Solutions, Sanctuary Insurance Solutions, Sanctuary Global, and Sanctuary Global Tax and Family Office.