Financial regulation

Cecil Bank Announces Termination of Regulatory Written Agreement

Retrieved on: 
Friday, November 18, 2022
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ELKTON, Md., Nov. 18, 2022 (GLOBE NEWSWIRE) -- Cecil Bancorp, Inc. ("Company") (OTC: CECL) announced that its wholly-owned banking subsidiary, Cecil Bank (the "Bank"), received notification from the Federal Reserve Bank of Richmond and State of Maryland Commissioner of Financial Regulation ("Supervisory Authorities") that the Written Agreement the Bank had been operating under since June 29, 2010, was terminated effective Nov. 3, 2022.

Key Points: 
  • ELKTON, Md., Nov. 18, 2022 (GLOBE NEWSWIRE) -- Cecil Bancorp, Inc. ("Company") (OTC: CECL) announced that its wholly-owned banking subsidiary, Cecil Bank (the "Bank"), received notification from the Federal Reserve Bank of Richmond and State of Maryland Commissioner of Financial Regulation ("Supervisory Authorities") that the Written Agreement the Bank had been operating under since June 29, 2010, was terminated effective Nov. 3, 2022.
  • "Termination of this regulatory agreement is a fitting end to 2022 for Cecil Bank," said William H. Cole, Chair of the Bank's Board.
  • For the first nine months of 2022, Cecil Bank recorded net income of approximately $10.3 million.Cecil Bank ended the September quarter with assets of approximately $242.5 million and total equity of $28.0 million.
  • Cecil Bank is a state-chartered community bank established in October 1959 and headquartered in Elkton, Maryland.

Maiden Announces its Intention to Convert its Preferences Shares, Series A, Series C and Series D into Common Shares

Retrieved on: 
Wednesday, November 9, 2022
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Maiden Holdings, Ltd., a Bermuda-based holding company (NASDAQ:MHLD) (Maiden or the Company) announced today its intention to exchange all of the Companys outstanding 8.25% Non-Cumulative Preference Shares Series A (the Series A Preference Shares), 7.125% Non-Cumulative Preference Shares Series C (the Series C Preference Shares) and 6.700% Non-Cumulative Preference Shares Series D (the Series D Preference Shares and, together with the Series A Preference Shares and the Series C Preference Shares, the Preference Shares) for shares of Maidens common shares, $0.01 par value per share (the Common Shares), subject to the terms of the certificate of designations for each of the Preference Shares, as amended (the Exchange).

Key Points: 
  • Maiden Holdings, Ltd., a Bermuda-based holding company (NASDAQ:MHLD) (Maiden or the Company) announced today its intention to exchange all of the Companys outstanding 8.25% Non-Cumulative Preference Shares Series A (the Series A Preference Shares), 7.125% Non-Cumulative Preference Shares Series C (the Series C Preference Shares) and 6.700% Non-Cumulative Preference Shares Series D (the Series D Preference Shares and, together with the Series A Preference Shares and the Series C Preference Shares, the Preference Shares) for shares of Maidens common shares, $0.01 par value per share (the Common Shares), subject to the terms of the certificate of designations for each of the Preference Shares, as amended (the Exchange).
  • Maiden Reinsurance Ltd. (Maiden Reinsurance), which currently owns more than 73% of each series of the Preference Shares, has indicated it will consent to the variations for each of the series of Preference Shares in order to effectuate the Exchange.
  • Advised by its own financial and legal advisors, the Special Committee unanimously approved an exchange ratio of three Common Shares per Preference Share of each series for record holders of the Preference Shares.
  • The Board has also approved the amendments to the certificates of designations for each series of Preference Shares, and the Exchange.

Keith E. Cassidy and Natasha Vij Greiner Appointed Deputy Directors of Division of Examinations

Retrieved on: 
Monday, November 7, 2022
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Washington, D.C.--(Newsfile Corp. - November 7, 2022) - The Securities and Exchange Commission today named Keith E. Cassidy and Natasha Vij Greiner as Deputy Directors of the Division of Examinations.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - November 7, 2022) - The Securities and Exchange Commission today named Keith E. Cassidy and Natasha Vij Greiner as Deputy Directors of the Division of Examinations.
  • Keith and Natasha have proven to be strong leaders with deep experience and will be invaluable as Deputy Directors in the Division.
  • Ms. Greiner added, I am honored and excited to take on this additional leadership role and continue to work with Rich, Keith, and the extraordinary staff within the Division.
  • Mr. Cassidy and Ms. Greiner will continue to serve in their current leadership roles within the TCP and IA/IC examination program, respectively, in addition to their new responsibilities as Deputy Directors.

Jim DeVoe-Talluto promoted to Assistant Director of Captive Insurance

Retrieved on: 
Tuesday, October 11, 2022
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MONTPELIER, Vt., Oct. 11, 2022 /PRNewswire-PRWeb/ -- Examiner-In-Charge Jim DeVoe-Talluto has been promoted to Assistant Director of Captive Insurance at the Department of Financial Regulation. Jim will fill the role that Christine Brown held, who was recently promoted to Director of Captive Insurance of the Captive Insurance Division.

Key Points: 
  • Jim will fill the role that Christine Brown held, who was recently promoted to Director of Captive Insurance of the Captive Insurance Division.
  • MONTPELIER, Vt., Oct. 11, 2022 /PRNewswire-PRWeb/ -- Examiner-In-Charge Jim DeVoe-Talluto has been promoted to Assistant Director of Captive Insurance at the Department of Financial Regulation.
  • Jim will fill the role that Christine Brown held, who was recently promoted to Director of Captive Insurance of the Captive Insurance Division.
  • Promoting Jim to the Assistant Director role is another example of our commitment," said Sandy Bigglestone, Deputy Commissioner of Captive Insurance.

CANTERBURY PARK ADDS TWO MEMBERS TO BOARD OF DIRECTORS

Retrieved on: 
Thursday, October 6, 2022
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SHAKOPEE, Minn., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (NASDAQ: CPHC) (“Canterbury Park” or the “Company”) announced today that Peter Ahn and Damon Schramm have been appointed to the Company’s Board of Directors, effective October 5, 2022. The appointment of Mr. Ahn and Mr. Schramm to Canterbury Park’s Board of Directors increases the size of the Board to seven members, six of whom are considered independent directors under NASDAQ rules. Mr. Ahn will serve on the Board’s Audit Committee. Mr. Schramm will serve on the Board’s Compensation Committee.

Key Points: 
  • SHAKOPEE, Minn., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (NASDAQ: CPHC) (Canterbury Park or the Company) announced today that Peter Ahn and Damon Schramm have been appointed to the Companys Board of Directors, effective October 5, 2022.
  • The appointment of Mr. Ahn and Mr. Schramm to Canterbury Parks Board of Directors increases the size of the Board to seven members, six of whom are considered independent directors under NASDAQ rules.
  • Mr. Ahn brings to Canterbury Park extensive governance experience, having served on the boards of directors for each of Hemispheres companies.
  • Randy Sampson, Executive Chairman of the Board, President, and Chief Executive Officer of Canterbury Park, commented on Mr. Ahns and Mr. Schramms appointments, We are delighted to welcome Peter Ahn and Damon Schramm to the Board of Directors of Canterbury Park.

Exchange Income Corporation to Celebrate Indigenous Students Graduation from Pilot Pathway Program

Retrieved on: 
Saturday, September 24, 2022
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Exchange Income Corporation is a diversified acquisition-oriented company, focused in two sectors: aerospace & aviation services and equipment, and manufacturing.

Key Points: 
  • Exchange Income Corporation is a diversified acquisition-oriented company, focused in two sectors: aerospace & aviation services and equipment, and manufacturing.
  • Additional information relating to the Corporation, including all public filings, is available on SEDAR ( www.sedar.com ).
  • Except as required by Canadian Securities Law, Exchange does not undertake to update any forward-looking statements; such statements speak only as of the date made.
  • Further information about these and other risks and uncertainties can be found in the disclosure documents filed by Exchange Income Corporation with the securities regulatory authorities, available at www.sedar.com .

RevoluGROUP Canada Inc. RevoluSEND Remittances Adds Venezuela Topping 117 Countries

Retrieved on: 
Monday, September 5, 2022
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Vancouver, BC, Sept. 05, 2022 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc. (TSX-V: REVO ), (Frankfurt: IJA2 ) (the "Company") is pleased to announce that RevoluSEND is to start remittances to Venezuela, now serving 117 countries.

Key Points: 
  • Vancouver, BC, Sept. 05, 2022 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc. (TSX-V: REVO ), (Frankfurt: IJA2 ) (the "Company") is pleased to announce that RevoluSEND is to start remittances to Venezuela, now serving 117 countries.
  • ITALCAMBIO , founded in 1948, currently occupies the #1 spot for local delivery of international family remittances and money transfers in Venezuela.
  • ITALCAMBIO maintains 39 physical remittance collection points across Venezuela.
  • Venezuela received family remittances of approximately $3.54bn USD in 2021.

Exchange Income Corporation Announces $100 Million Bought Deal Offering of Common Shares

Retrieved on: 
Monday, August 15, 2022
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WINNIPEG, Manitoba, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Exchange Income Corporation (TSX:EIF) (“EIC” or the “Corporation”) is pleased to announce that it has entered into an agreement to sell, on a bought deal basis, 2,054,000 common shares (the “Shares”) from treasury to a syndicate of underwriters (the “Underwriters”) co-led by National Bank Financial Inc. and CIBC Capital Markets. The Shares will be offered at a price of $48.70 per Share (the “Offering Price”), for gross proceeds to the Corporation of approximately $100,029,800 (the “Offering”).

Key Points: 
  • WINNIPEG, Manitoba, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Exchange Income Corporation (TSX:EIF) (EIC or the Corporation) is pleased to announce that it has entered into an agreement to sell, on a bought deal basis, 2,054,000 common shares (the Shares) from treasury to a syndicate of underwriters (the Underwriters) co-led by National Bank Financial Inc. and CIBC Capital Markets.
  • The Shares will be offered at a price of $48.70 per Share (the Offering Price), for gross proceeds to the Corporation of approximately $100,029,800 (the Offering).
  • Earlier this year the Corporation closed on its largest acquisition to date, and we are examining multiple accretive acquisition opportunities.
  • Exchange Income Corporation is a diversified acquisition-oriented company, focused in two sectors: aerospace & aviation services and equipment, and manufacturing.

DGAP-News: Kadimastem Receives US Patent For Amyotrophic Lateral Sclerosis (ALS) Treatment

Retrieved on: 
Tuesday, August 9, 2022
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This US patent joins additional patents granted to Kadimastem in the US, Israel and Europe for the treatment of ALS and for ALS drug screening.

Key Points: 
  • This US patent joins additional patents granted to Kadimastem in the US, Israel and Europe for the treatment of ALS and for ALS drug screening.
  • The cells are intended to support the survival of neurons in the central nervous system (CNS, brain and spinal cord).
  • This situation hampers and annuls the neuromuscular signaling, which negatively affects muscle activity and leads to eventual paralysis and death.
  • The patent announced today strengthens our intellectual property portfolio in the field of ALS and other neurodegenerative diseases.

Christine Brown promoted to Director of Captive Insurance

Retrieved on: 
Thursday, July 21, 2022
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SHELBURNE, Vt., July 21, 2022 /PRNewswire-PRWeb/ -- Assistant Director Christine Brown has been promoted to Director of Captive Insurance at the Department of Financial Regulation (DFR). Christine will be filling the role that Sandy Bigglestone holds, who will be appointed to Deputy Commissioner of the Division when David Provost retires at the end of August.

Key Points: 
  • Christine Brown, VT's current Assistant Director of Captive Insurance, has been promoted to VT's Director of Captive Insurance.
  • SHELBURNE, Vt., July 21, 2022 /PRNewswire-PRWeb/ -- Assistant Director Christine Brown has been promoted to Director of Captive Insurance at the Department of Financial Regulation (DFR).
  • "Christine Brown is the most eligible and obvious choice for Director of Captive Insurance.
  • What an awesome choice to have Christine Brown succeed Sandy Bigglestone as the Department of Financial Regulation's next Director of Captive Insurance.