Small Business Administration

South Atlantic Bancshares, Inc. Reports Earnings of $0.34 per Diluted Common Share For the Three Months Ended September 30, 2021

Retrieved on: 
Tuesday, October 19, 2021
FDIC, Small Business Administration, Income, SBA, Hilton Head Island, South Carolina, Growth, Paycheck Protection Program, Advertising, Travel, Insurance, Atlantic Bank, Bank, PPP

MYRTLE BEACH, S.C., Oct. 19, 2021 /PRNewswire/ --South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), reported consolidated net income of $8.6 million, or $1.12 per diluted common share, for the nine months ended September 30, 2021, an increase of $3.2 million, or $0.41 per diluted common share, compared to the nine months ended September 30, 2020.

Key Points: 
  • MYRTLE BEACH, S.C., Oct. 19, 2021 /PRNewswire/ --South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), reported consolidated net income of $8.6 million, or $1.12 per diluted common share, for the nine months ended September 30, 2021, an increase of $3.2 million, or $0.41 per diluted common share, compared to the nine months ended September 30, 2020.
  • Consolidated net income was $2.6 million, or $0.34 per diluted common share, for the three months ended September 30, 2021, an increase of $634 thousand, or $0.08 per diluted common share, compared to the three months ended September 30, 2020.
  • South Atlantic continued earnings improvements with good loan and deposit growth while maintaining a strong credit culture during the nine-month period ended September 30, 2021.
  • Net income for the three months ended September 30, 2021 totaled $2.6 million, or $0.34 per diluted common share, compared to $2.0 million or $0.26 per diluted common shares, reported for the same three months ended September 30, 2020.

Zions Bancorporation, National Association Reports Third-Quarter Financial Results

Retrieved on: 
Monday, October 18, 2021
Banking, Professional Services, Finance, Government, ZION, Zions Bancorporation, NASDAQ, Privacy, London Interbank Bid Rate, Private Securities Litigation Reform Act, COVID-19, Legislation, U.S. Securities and Exchange Commission, Growth, Bank holding company, Security (finance), Goal, National Association, Investor relations, Webcast, Small Business Administration, CEO, Small business, Industry, Forward-looking statement, NASDAQ Financial-100, SEC, Fraud, Bank, PPP, Risk management

Harris H. Simmons, Chairman and CEO of Zions Bancorporation, commented, We are pleased with the quarters financial results.

Key Points: 
  • Harris H. Simmons, Chairman and CEO of Zions Bancorporation, commented, We are pleased with the quarters financial results.
  • For the full version of the Bank's 2021 third quarter earnings release, including financial tables, please visit zionsbancorporation.com .
  • Zions has posted a supplemental presentation to its website, which will be used to discuss these third quarter results at 5:30 p.m.
  • In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices.

Alpha Omega Integration Welcomes Jocelyn Hsu as New Chief Administrative Officer

Retrieved on: 
Monday, October 18, 2021
Leadership, Strategic planning, View, SB, Small Business Administration, Government, Nigel Slater, Small business, HUD, Program, United States Department of Homeland Security, Growth, John Gibbs (US government official), NASA, Department, CAO, HHS, Financial management, CSRA Inc., Knowledge, Multimedia, United States Department of State, NOAA, CMMI, United States Department of Commerce, United States Department of Defense, United States Census Bureau, Commerce, USDA, CEO, Information technology, Certification, ISO/IEC, Information system, Alpha and Omega, Ministry of Social Services and Development (Bangsamoro), Management

VIENNA, Va., Oct. 18, 2021 /PRNewswire/ -- Alpha Omega Integration a leading provider of information technology solutions to the US Government, today announced that it is expanding its leadership team with the addition of a seasoned Chief Administrative Officer.

Key Points: 
  • VIENNA, Va., Oct. 18, 2021 /PRNewswire/ -- Alpha Omega Integration a leading provider of information technology solutions to the US Government, today announced that it is expanding its leadership team with the addition of a seasoned Chief Administrative Officer.
  • Jocelyn Hsu joins the team with over 25 years of government contracting experience, most recently serving as the CAO of Paradyme Management.
  • "As Alpha Omega continues to see unprecedented growth, Jocelyn brings exactly the right mix of operational expertise and back-office management we need," said Gautam Ijoor, Alpha Omega Integration's President & CEO.
  • Prior to her role at Paradyme Management Jocelyn held key leadership roles at both SRA International and NCI Information Systems.

Genesis Bank Announces Partnership With Orange County Hispanic Chamber of Commerce

Retrieved on: 
Monday, October 18, 2021
Professional Services, Small Business, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Banking, National Association of Affordable Housing Lenders, Bank, Goal, Technology, Hispanic and Latino Americans, Solution, Founding, SBA, Education, Equal housing lender, Treasury, MDI, Small Business Administration, Commerce, Inland Empire, State, Small business, Economic development, Partnership, Income, FDIC, Quality of life, Property management, Genesis Bank, Orange County Hispanic Chamber of Commerce, GENESIS BANK, ORANGE COUNTY HISPANIC CHAMBER OF COMMERCE

Genesis Bank (Genesis or the Bank), announced today that it has entered into a partnership agreement with the Orange County Hispanic Chamber of Commerce (OCHCC).

Key Points: 
  • Genesis Bank (Genesis or the Bank), announced today that it has entered into a partnership agreement with the Orange County Hispanic Chamber of Commerce (OCHCC).
  • For over 35 years, the OCHCC has proudly served the Hispanic American business community of Orange County, California, through its broad network of corporate, public, university, nonprofit, and community leaders.
  • Genesis Bank is a California state chartered commercial bank, organized by a group of highly experienced and successful bankers, investors, and business professionals.
  • The Orange County Hispanic Chamber of Commerce was established in 1986, in Santa Ana, California, to serve the Hispanic business community of Orange County, with focuses on Advocacy, Economic Development, and Education.

Latina Entrepreneur Perla Tamez Shares Her Story as an Industry Impactor in Microsoft Legacy Project: Hispanic and Latinx Heritage Edition

Retrieved on: 
Thursday, October 14, 2021
Small Business Administration, Vegetable, Culture, History, Small business, Hispanic Scientist of the Year Award, Dream, Perla, Child, Politics, Parent, Human, Volunteering, Star, Student, Investment, Collection, Tamez, Densho: The Japanese American Legacy Project, CEO, Centre for Communication Programs Nigeria, Procter & Gamble, Central, Hope, History of the United States, Tourism

HOUSTON, Oct. 14, 2021 /PRNewswire-PRWeb/ -- Houston-based Latina businesswoman, philanthropist, children's rights advocate and National Hispanic Star Hubs Director Perla Tamez was recently named as an Impactadores Industriales/Industry Impactor who will be showcased in Microsoft's Legacy Project: Hispanic Latinx Heritage Edition.

Key Points: 
  • HOUSTON, Oct. 14, 2021 /PRNewswire-PRWeb/ -- Houston-based Latina businesswoman, philanthropist, children's rights advocate and National Hispanic Star Hubs Director Perla Tamez was recently named as an Impactadores Industriales/Industry Impactor who will be showcased in Microsoft's Legacy Project: Hispanic Latinx Heritage Edition.
  • Tamez, a first-generation American of Mexican heritage who grew up in McAllen, Texas, was honored to be part of the Impactadores Industriales/Industry Impactor category.
  • For more information about the Microsoft Legacy Project: Hispanic Latinx Heritage Edition, visit this link .
  • In this new Legacy Project "Hispanic & Latinx Edition" exhibit we are recognizing legacies, achievements, and the strength of Hispanic and Latinx communities.

First Internet Bank and ApplePie Formalize New Partnership

Retrieved on: 
Wednesday, October 13, 2021
Banking, Professional Services, Finance, Bank, Development, U.S. Bancorp, Industry, Solution, Nasdaq, Growth, Newsweek, SBA, Core, First Internet Bancorp, Treasury, Apple, Small Business Administration, IFA, CEO, First, Small business, Internet, Partnership, FDIC

Under the agreement, First Internet Bank expects to purchase $100 million of ApplePies growth-oriented ApplePie Core'' conventional loans by year end.

Key Points: 
  • Under the agreement, First Internet Bank expects to purchase $100 million of ApplePies growth-oriented ApplePie Core'' conventional loans by year end.
  • The partnership is the latest commitment First Internet Bank has made to meet the financial needs of entrepreneurs and small business owners.
  • First Internet Bank is committed to providing small business owners access to holistic financial services and thoughtfully designed digital experiences.
  • This agreement helps ApplePie continue our mission while also providing First Internet Bank with quality credits in proven businesses.

M&T Bank Ranks Among Nation's Top SBA Lenders, Provides Entrepreneurs with 1,115 SBA Loans to Grow Small Businesses

Retrieved on: 
Tuesday, October 12, 2021
Small Business Administration, Buffalo, Rochester and Pittsburgh Railway, PPP, Syracuse, Upstate New York, Washington Gateway Main Street, WC, SBA, Wilmington Trust, COVID-19, District, Thought, M&T Bank, Small business, Publication, Nation Media Group, Paycheck Protection Program, Solution, Baltimore, CRI, M&T, Bank, Road, Real estate

For 13 consecutive years, M&T has remained one of the top 10 SBA lenders in the country.

Key Points: 
  • For 13 consecutive years, M&T has remained one of the top 10 SBA lenders in the country.
  • "M&T took time to get to know us and our vision, and they identified SBA financing as the right solution to help us grow.
  • M&T was the leading small business lender in the SBA Districts of several communities it serves, including:
    Baltimore: #1 lender with 227 loans for $45.3 million.
  • By offering lower monthly payments and longer loan terms to eligible businesses, SBA loans help fuel local economies through small business development.

Third Century Bancorp Releases Record Earnings for the Quarter and Nine-Months Ended September 30, 2021

Retrieved on: 
Tuesday, October 12, 2021
Banking, Professional Services, Finance, Company, Forward-looking statement, PPP, Income, Small Business Administration, COVID-19, Bank, Program, Small business, Freddie Mac, Mutual savings bank, Federal Home Loan Banks, CEO, Sale, Environment, Life insurance, Risk management, Pension fund

David A. Coffey, President and CEO stated, Our earnings and related metrics reflect the success of another quarter.

Key Points: 
  • David A. Coffey, President and CEO stated, Our earnings and related metrics reflect the success of another quarter.
  • For the quarter ended September 30, 2021, net income increased $252,000, or 47.37%, to $784,000 as compared to $532,000 for the same period in the prior year.
  • The Company had no net charge-offs during the quarter ended September 30, 2021 compared to net loan recoveries of $2,000 for the same period in 2020.
  • For the nine-months ended September 30, 2021, net income increased $245,000, or 16.77%, to $1.7 million as compared to $1.5 million for the nine-months ended September 30, 2020.

Zions Bancorporation’s OnBudget® Banking, a No-Overdraft-Fee Account, to Help Bring More Consumers Financial Stability

Retrieved on: 
Tuesday, October 12, 2021
Banking, Professional Services, Finance, NASDAQ, Income, City, Small Business Administration, Bank, Industry, Small business, ZION, Certification, Veteran, NASDAQ Financial-100, Woman, CEO, Zions Bancorporation, FDIC

(NASDAQ: ZION) has achieved Bank On certification for its no-overdraft-fee deposit account from the Cities for Financial Empowerment Fund.

Key Points: 
  • (NASDAQ: ZION) has achieved Bank On certification for its no-overdraft-fee deposit account from the Cities for Financial Empowerment Fund.
  • The product, called OnBudget Banking, is designed to help consumers more predictably manage their funds and save money on expensive products offered by financial services firms outside of the banking industry.
  • Were pleased to be part of an industry-wide effort to promote economic inclusion by creating products to help consumers achieve greater financial stability, said Harris H. Simmons, Chairman and CEO of Zions Bancorporation.
  • A growing number of banks are recognizing the importance of financial inclusion, and Zions expects its OnBudget Banking product to help narrow the gap in racial disparity among those holding bank accounts.

Louis Barajas is Appointed President of MGO Private Wealth

Retrieved on: 
Tuesday, October 12, 2021
Entrepreneurship, Book, Finance, Louis, Sport, Billboard, Small Business Administration, Name, Human, Industry, Small business, Population, National Board of Accountants and Auditors, CPA, Financial Planning Association of Australia, MGO, Accounting Today, CEO, Solution, Association, Money (magazine), Government, Research, Athlete, Creative industries, Management, Financial services

LOS ANGELES, Oct. 12, 2021 /PRNewswire-PRWeb/ -- MGO Private Wealth is pleased to announce the promotion of Louis Barajas , current Chief Strategy Officer at MGO Private Wealth, to President of MGO Private Wealth.

Key Points: 
  • LOS ANGELES, Oct. 12, 2021 /PRNewswire-PRWeb/ -- MGO Private Wealth is pleased to announce the promotion of Louis Barajas , current Chief Strategy Officer at MGO Private Wealth, to President of MGO Private Wealth.
  • "His compassion and ambition will lead MGO Private Wealth into the future of wealth management, which is increasingly diverse in terms of the people we serve and the solutions they require."
  • MGO Private Wealth takes a different approach, providing tailored services to those who have established their legacy and those who are just beginning their journey of wealth creation," Louis said.
  • MGO Private Wealth provides comprehensive wealth management services to help clients plan, grow and protect their financial legacy.