SBA

OXFORD BANK CORPORATION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 OPERATING RESULTS

Retrieved on: 
Tuesday, February 6, 2024
Availability, Growth, SBA, Release, ACL, Tier 1 capital, Interest, Environment, AFS, Comprehensive income, NPAS, Investment, Asset, NIM, Behavior, Total, Futures contract, Risk, Culture, Bank, Corporation, Small business, Probability

OXFORD, Mich., Feb. 6, 2024 /PRNewswire/ -- Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced operating results for the fourth quarter ended December 31, 2023.

Key Points: 
  • OXFORD, Mich., Feb. 6, 2024 /PRNewswire/ -- Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced operating results for the fourth quarter ended December 31, 2023.
  • Total Assets of the Company were $816.67 million as of December 31, 2023, compared to $792.65 million at December 31, 2022.
  • Oxford Bank is a subsidiary of Oxford Bank Corporation, a registered holding company.
  • In addition, Oxford Bank has business banking/commercial finance centers in Phoenix, AZ., Wixom, downtown Oxford, and Flint, Michigan.

Barclays appoints Na Wei as Global Head of Leveraged Finance

Retrieved on: 
Tuesday, February 6, 2024
Banking, Professional Services, Finance, Inspire Brands, SBA, Altice, WestJet, Capital market, SBA Communications, Bookrunner, CSC, Informal economy, HUB, Na

Barclays today announces the appointment of Na Wei as Global Head of Leveraged Finance, reporting to Travis Barnes and Tom Johnson, Global Co-Heads of Capital Markets at Barclays.

Key Points: 
  • Barclays today announces the appointment of Na Wei as Global Head of Leveraged Finance, reporting to Travis Barnes and Tom Johnson, Global Co-Heads of Capital Markets at Barclays.
  • Under Ms. Wei’s leadership of Barclays’ Leveraged Finance business in EMEA the firm achieved a top three ranking in 2023 according to Dealogic data, up from number seven in 2022.
  • Ms. Wei has also been instrumental in materially increasing Barclays’ market share with the firm’s top twenty Financial Sponsors clients.
  • Barclays has a strong Leveraged Finance franchise, with a year to date global ranking of number three according to Dealogic data.

OptimumBank Holdings, Inc. (OPHC-NASDAQ) Announces 2023 Full Year Results for OptimumBank (the “Bank”)

Retrieved on: 
Monday, February 5, 2024
Bank, SBA, Nursing home, Friends

At December 31, 2023, the Bank had shareholder equity amounting to $70 million.

Key Points: 
  • At December 31, 2023, the Bank had shareholder equity amounting to $70 million.
  • The Bank has been growing assets year over year and ended 2023 at $791,052,397, 35.53% larger than the prior year of $583,693,724.
  • These results are unaudited and do not reflect the consolidation of the Bank with its parent holding company, OptimumBank Holdings, Inc.
  • Our outreach efforts in the communities throughout South Florida over the past several years have proven to be extremely rewarding.”

NewtekOne, Inc. Begins 2024 with Strong January Loan Pipeline Growth

Retrieved on: 
Monday, February 5, 2024
Intelligence, Growth, Annual report, SBA, Sloane, Bank

We anticipate that getting off to such a great start in 2024, will be helpful in achieving our record-breaking forecast of approximately $1.4 billion in total loan closings across all loan products in 2024.

Key Points: 
  • We anticipate that getting off to such a great start in 2024, will be helpful in achieving our record-breaking forecast of approximately $1.4 billion in total loan closings across all loan products in 2024.
  • This would be an increase of approximately 27% percent from $1.1 billion total loans closed in 2023, by Newtek Bank and the Company’s non-bank lending subsidiaries.
  • The most significant reason for the year-over-year increase in the loan pipeline in January is increased loan product offerings and efficiencies in technology in our processes.
  • Moreover, we anticipate that the use of artificial intelligence in our training and processes will further increase our efficiencies.

SBA Communications Corporation Sets Date for Fourth Quarter 2023 Earnings Release

Retrieved on: 
Monday, February 5, 2024
Technology, Mobile, Wireless, Telecommunications, Construction & Property, Networks, REIT, SBAC, SBA

SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its fourth quarter results on Monday, February 26, 2024 after market close.

Key Points: 
  • SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its fourth quarter results on Monday, February 26, 2024 after market close.
  • SBA will host a conference call on Monday, February 26, 2024 to discuss these results.
  • The call may be accessed as follows:

LIFT OFF Soars to Number One on Amazon Best-Seller List

Retrieved on: 
Monday, February 5, 2024
Federal, SBA, Financial services, Knowledge, Interview, Retirement, Amazon, Ohio State University, NCMM, Sale, Small business, Business, Retail

This pragmatic book, without jargon, unpacks the process of M&A and provides a master class on what every business owner should know prior to sale.

Key Points: 
  • This pragmatic book, without jargon, unpacks the process of M&A and provides a master class on what every business owner should know prior to sale.
  • The book is also a #1 New Release in Financial Services on Amazon and a #1 New Release in Business Decision-Making on Kindle.
  • NCMM, a think tank at The Ohio State University, has found that a majority of mid-market M&A deals fail.
  • Her firm, sbLiftOff, helps business owners buy or sell companies between $10 million and $100 million in transaction value.

Oak Ridge Financial Services, Inc. Announces Fourth Quarter and Full Year 2023 Results and Quarterly Cash Dividend of $0.10 per share

Retrieved on: 
Friday, February 2, 2024
Small business, Growth, SBA, Small Business Administration, Investment, OAK, Sale, Bank, Advertising, Cryptocurrency

OAK RIDGE, N.C., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the fourth quarter and full year of 2023, and a quarterly cash dividend of $0.10 per share.

Key Points: 
  • OAK RIDGE, N.C., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the fourth quarter and full year of 2023, and a quarterly cash dividend of $0.10 per share.
  • Total loans of $465.1 million at December 31, 2023, up 9.4% from $425.1 million at December 31, 2022.
  • Available-for-sale (at fair value) and held-to-maturity (at cost) securities of $110.6 million at December 31, 2023, up 20.0% from $92.1 million at December 31, 2022.
  • Finally, income from Small Business Investment Company was $209,000 for the fourth quarter of 2023, compared to $10,000 in fourth quarter of 2022.

MAISON SOLUTIONS INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $25,000 In Maison Solutions To Contact Him Directly To Discuss Their Options

Retrieved on: 
Friday, February 2, 2024
Dai, SBA, Offering, WhatsApp, Advertising, Hindenburg, News, International Marxist Group, Register, Prospectus, Supermarket, IPO, Hindenburg Research, Acquisition, Defendant, EB-5, Woman, LLP, Court

NEW YORK, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Maison Solutions Inc. (“Maison Solutions” or the “Company”) (NASDAQ: MSS) and reminds investors of the March 4, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Key Points: 
  • Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
  • In the IPO, the Company sold 2,500,000 shares of Class A common stock at a price of $4.00 per share.
  • On this news, Maison Solutions' stock price fell $12.71 per share, or 83.6%, to close at $2.50 per share on December 15, 2023, thereby injuring investors.
  • Faruqi & Faruqi, LLP also encourages anyone with information regarding Maison Solutions’ conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

AMERANT BANK OPENS FIRST BANKING CENTER IN THE GREATER TAMPA AREA

Retrieved on: 
Thursday, February 1, 2024
Growth, SBA, Telephone numbers in Hungary

TAMPA, Fla., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Amerant Bank , the largest community bank headquartered in Florida, today opened its first banking center in Tampa, FL.

Key Points: 
  • TAMPA, Fla., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Amerant Bank , the largest community bank headquartered in Florida, today opened its first banking center in Tampa, FL.
  • Situated in the Westshore Business District, the most central business area in the Tampa Bay area, the branch is strategically located the first floor of the Urban Centre Building at 4830 W Kennedy Blvd.
  • Complimenting Amerant’s Loan Production Office, which opened in June of 2022, the new full-service Tampa banking center will allow Amerant to provide a comprehensive  suite of customized banking services for consumers and businesses, along with private client services and commercial banking
    “We are delighted to announce the expansion of our footprint with our first new banking center in the greater Tampa market,” said Jerry Plush, Chairman and CEO, Amerant Bank.
  • Since expanding into the Tampa Bay market, the Amerant team has grown exponentially by bringing in team members with deep roots in the area that provide commercial banking, commercial real estate, treasury management, residential mortgage lending, private client banking, and SBA lending services.

NewtekOne, Inc. Releases the Newtek Advantage™ Guide to Success

Retrieved on: 
Thursday, February 1, 2024
NEWT, NewTek, SBA, BOCA, Acquisition

BOCA RATON, Fla., Feb. 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that it has published its ‘2024 Newtek Advantage™ Guide to Success’, which is available to investors, existing clients, and prospective new clients on the Company’s website through the following link: 2024 Newtek Advantage Guide to Success .

Key Points: 
  • BOCA RATON, Fla., Feb. 01, 2024 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), announced today that it has published its ‘2024 Newtek Advantage™ Guide to Success’, which is available to investors, existing clients, and prospective new clients on the Company’s website through the following link: 2024 Newtek Advantage Guide to Success .
  • The 2024 Newtek Advantage Guide to Success is a Newtek-created and published document that the Company believes can provide independent business owners with a greater path to succeed in their business endeavors in 2024 and also displays how NewtekOne can help them increase their revenues, reduce their expenses, and improve their productivity.
  • The acquisition of Newtek Bank, N.A.
  • and the development of the ‘Newtek Advantage™’ are some of the topics that are featured in this Guide to Success targeted to our customers demographic.