Bank of America

Bank of America Achieves Carbon Neutrality

Tuesday, January 21, 2020 - 10:29am

Bank of America announced today that it has met its carbon neutrality goal a year ahead of schedule, pending third-party verification.

Key Points: 
  • Bank of America announced today that it has met its carbon neutrality goal a year ahead of schedule, pending third-party verification.
  • We are delivering responsible growth by focusing on serving our clients, investing in our teammates, supporting the communities where we operate AND by addressing important societal priorities, said Brian Moynihan, CEO of Bank of America.
  • Being carbon neutral is core to our $300 billion, 10-year environmental business initiative that is helping finance the transition to a low-carbon future.
  • At Bank of America, were guided by a common purpose to help make financial lives better, through the power of every connection.

Financial 15 Split Corp. Regular Monthly Dividend Declaration for Class A & Preferred Share

Monday, January 20, 2020 - 2:00pm

TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annually) and $0.04583 for each Preferred share ($0.550 annually).

Key Points: 
  • TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annually) and $0.04583 for each Preferred share ($0.550 annually).
  • Distributions are payable February 10, 2020 to shareholders on record as at January 31, 2020.
  • Since inception Class A shareholders have received a total of $20.28 per share and Preferred shareholders have received a total of $8.57 per share inclusive of this distribution, for a combined total of $28.84.
  • Financial 15 invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

North American Financial 15 Split Corp. Regular Monthly Dividend Declaration for Class A & Preferred Share

Monday, January 20, 2020 - 2:00pm

TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annually) and $0.04583 for each Preferred share ($0.550 annually).

Key Points: 
  • TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annually) and $0.04583 for each Preferred share ($0.550 annually).
  • Distributions are payable February 10, 2020 to shareholders on record as at January 31, 2020.
  • Since inception Class A shareholders have received a total of $13.78 per share and Preferred shareholders have received a total of $8.08 per share inclusive of this distribution, for a combined total of $21.86.
  • The Company invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

Beach Community Bank and First City Bank Announce Merger Agreement

Wednesday, January 15, 2020 - 10:00pm

Beach Community Bank has entered into agreement with Florida First City Banks, Inc. and First City Bank of Florida that provides for the merger of First City Bank of Florida with and into Beach Community Bank.

Key Points: 
  • Beach Community Bank has entered into agreement with Florida First City Banks, Inc. and First City Bank of Florida that provides for the merger of First City Bank of Florida with and into Beach Community Bank.
  • The transaction is subject to approval of the Court and the regulators of First City Bank and Beach.
  • We appreciate the resiliency of our team members, the unwavering support of our clients and the vision of Beach Community Bank.
  • This merger is an important and integral next step for Beach as we build a Florida based multi-billion-dollar business bank, said Carl Chaney, former CEO of Hancock Whitney and current Chairman of Beach Community Bank.

Malvern Bank Announces Appointment of Melissa Quin as V.P., Private Client Regional Manager for Glen Mills/Concordville Office

Wednesday, January 15, 2020 - 2:45pm

PAOLI, Pa., Jan. 15, 2020 (GLOBE NEWSWIRE) -- Malvern Bank, National Association (the Bank or Malvern), the wholly owned subsidiary of Malvern Bancorp, Inc. (NASDAQ: MLVF) (the Company), announced the appointment of Melissa Quin as Vice President, Private Client Regional Manager for the Banks Glen Mills/Concordville office.

Key Points: 
  • PAOLI, Pa., Jan. 15, 2020 (GLOBE NEWSWIRE) -- Malvern Bank, National Association (the Bank or Malvern), the wholly owned subsidiary of Malvern Bancorp, Inc. (NASDAQ: MLVF) (the Company), announced the appointment of Melissa Quin as Vice President, Private Client Regional Manager for the Banks Glen Mills/Concordville office.
  • Prior to joining Malvern Bank, Quin was a Licensed Relationship Manager for Citizens Bank in Kennett Square, Pa. She also previously served as a Financial Advisor for Bank of America; Merrill Lynch, Pierce, Fenner & Smith; and Cetera Financial Group.
  • Melissa is an outstanding addition to our Glen Mills/Concordville office, said Anthony C. Weagley, President and CEO of Malvern Bancorp, Inc., and Malvern Bank, National Association.
  • Malvern Bancorp, Inc. is the holding company for Malvern Bank, National Association, an institution that was originally organized in 1887 as a federally-chartered savings bank.

Bank of America Reports Fourth-Quarter 2019 Financial Results

Wednesday, January 15, 2020 - 11:45am

Bank of America reported its fourth-quarter 2019 financial results today.

Key Points: 
  • Bank of America reported its fourth-quarter 2019 financial results today.
  • View the full release here: https://www.businesswire.com/news/home/20200115005410/en/
    Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio will discuss the financial results in a conference call at 8:30 a.m.
  • Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services.
  • For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom .

Capitala Group Announces Investment in J5 Infrastructure Partners, LLC

Tuesday, January 14, 2020 - 1:30pm

CHARLOTTE, N.C., Jan. 14, 2020 (GLOBE NEWSWIRE) -- Capitala Group (Capitala), a provider of capital to lower middle market companies, is pleased to announce its recent investment of senior secured debt in J5 Infrastructure Partners, LLC (J5), a portfolio company of Ridgemont Equity Partners.

Key Points: 
  • CHARLOTTE, N.C., Jan. 14, 2020 (GLOBE NEWSWIRE) -- Capitala Group (Capitala), a provider of capital to lower middle market companies, is pleased to announce its recent investment of senior secured debt in J5 Infrastructure Partners, LLC (J5), a portfolio company of Ridgemont Equity Partners.
  • J5 performs site acquisition, leasing, permitting, zoning, structural engineering, utility coordination and equipment installation services directly to all four of the top wireless carriers in the U.S. as well as tower and other infrastructure owners and state and local governments.
  • We are pleased to be partnering with Ridgemont Equity Partners as well as J5s management team as they embark on the next phase of growth, stated Randall Fontes, Managing Director for Capitala Group.
  • Capitala Group is a $3.0 billion asset management firm that has been providing capital to lower middle market companies through its credit, growth and equity investment strategies throughout North America for twenty years.

Bank of America to Report Fourth-Quarter 2019 Financial Results on January 15

Wednesday, January 8, 2020 - 3:00pm

As previously announced, Bank of America will report its fourth-quarter 2019 financial results on Wednesday, January 15.

Key Points: 
  • As previously announced, Bank of America will report its fourth-quarter 2019 financial results on Wednesday, January 15.
  • Bank of America is one of the worlds leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services.
  • Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services.
  • Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

Bank of America Announces Full Redemption of Depositary Shares Representing Interests in Its 6.500% Non-Cumulative Preferred Stock, Series Y

Wednesday, December 18, 2019 - 9:15pm

Bank of America has received all necessary approvals for this redemption.

Key Points: 
  • Bank of America has received all necessary approvals for this redemption.
  • Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.
  • Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services.
  • Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

Financial 15 Split Corp. Regular Monthly Dividend Declaration for Class A & Preferred Share

Wednesday, December 18, 2019 - 2:00pm

TORONTO, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annually) and $0.04583 for each Preferred share ($0.550 annually).

Key Points: 
  • TORONTO, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annually) and $0.04583 for each Preferred share ($0.550 annually).
  • Distributions are payable January 10, 2020 to shareholders on record as at December 31, 2019.
  • Since inception Class A shareholders have received a total of $20.15 per share and Preferred shareholders have received a total of $8.52 per share inclusive of this distribution, for a combined total of $28.67.
  • Financial 15 invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.