Pandemic

QCR Holdings, Inc. Completes Private Placements of Subordinated Notes

Retrieved on: 
Thursday, August 18, 2022
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MOLINE, Ill., Aug. 18, 2022 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the Company) today announced that it has completed private placements of $100million in aggregate principal amount subordinated notes.

Key Points: 
  • MOLINE, Ill., Aug. 18, 2022 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the Company) today announced that it has completed private placements of $100million in aggregate principal amount subordinated notes.
  • The private placements were issued in two separate tranches consisting of $45 million in aggregate principal amount of Fixed-to-Floating Rate Subordinated Notes due September 2032 (the 2032 Notes) and $55 million in aggregate principal amount of Fixed-to-Floating Subordinated Notes due September 2037 (the 2037 Notes).
  • The Company intends to use the net proceeds from the private placements for general corporate purposes, which may include, but are not limited to, repurchasing shares of common stock.
  • Piper Sandler & Co. served as the sole placement agent for the offering of the 2032 Notes.

HBT Financial, Inc. Announces Chief Financial Officer Transition Plan

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Thursday, August 18, 2022
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BLOOMINGTON, Ill., Aug. 18, 2022 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) (the Company), the holding company for Heartland Bank and Trust Company (Heartland Bank), today announced that Matthew J. Doherty, Executive Vice President and Chief Financial Officer, will step down from the Chief Financial Officer position on December31, 2022, but will remain with Heartland Bank serving as Treasurer as a step in Mr. Dohertys eventual retirement from the Company.

Key Points: 
  • BLOOMINGTON, Ill., Aug. 18, 2022 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) (the Company), the holding company for Heartland Bank and Trust Company (Heartland Bank), today announced that Matthew J. Doherty, Executive Vice President and Chief Financial Officer, will step down from the Chief Financial Officer position on December31, 2022, but will remain with Heartland Bank serving as Treasurer as a step in Mr. Dohertys eventual retirement from the Company.
  • Peter Chapman, previously the Executive Vice President and Chief Financial Officer of Great Western Bancorp, Inc. (Great Western), will join the Company on October1, 2022, after relocating to the Bloomington, Illinois area, and assume the role of Chief Financial Officer on January1, 2023.
  • We have known Pete Chapman for several years, and we are very pleased that he will be succeeding Matt as our Chief Financial Officer.
  • As of June30, 2022, HBT had total assets of $4.2billion, total loans of $2.5billion, and total deposits of $3.7billion.

Ross Stores Reports Second Quarter Earnings

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Thursday, August 18, 2022
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Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended July 30, 2022 of $1.11 on net income of $385 million.

Key Points: 
  • Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended July 30, 2022 of $1.11 on net income of $385 million.
  • Sales for the second quarter of 2022 were $4.6 billion versus $4.8 billion in the prior year period.
  • These results compare to earnings per share of $2.73 on net earnings of $971 million in the first half of 2021.
  • Ms. Rentler further noted, During the second quarter, we repurchased 2.9 million shares of common stock for an aggregate price of $235 million.

Silverback United, Inc. Closes $14 Million Acquisition of Market Leader in Data Driven Recruitment Software

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Thursday, August 18, 2022
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The acquisition will be immediately accretive and will accelerate its strategy for the assetization of data on a global basis.

Key Points: 
  • The acquisition will be immediately accretive and will accelerate its strategy for the assetization of data on a global basis.
  • The acquisition is part of Silverback's strategy to build highly valuable, vertically specific data companies that can leverage Silverback's DICE data valuation engine's proprietary technology and data valuation capabilities.
  • Silverback will also pursue an aggressive organic growth strategy at Headstart, with significant opportunities to expand to organizations in the US market.
  • Silverback United Inc. is the leader in the rapidly emerging industry of treating data as an asset.

Starfleet Innotech Reports Second Quarter 2022 Results

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Thursday, August 18, 2022
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Starfleet Innotech, Inc. (OTC: SFIO) is a global investment holding company focused on innovation through disruptive collaborations across its three key industries: Food and Beverage (F&B), Real Estate, and Technology.

Key Points: 
  • Starfleet Innotech, Inc. (OTC: SFIO) is a global investment holding company focused on innovation through disruptive collaborations across its three key industries: Food and Beverage (F&B), Real Estate, and Technology.
  • The statements contained herein may contain certain forward-looking statements relating to Starfleet Innotech, Inc. Starfleet that are based on the beliefs of Starfleet as well as assumptions made by and information currently available to Starfleets management.
  • As a result of these and other risks, uncertainties and assumptions, forward-looking events and circumstances discussed herein might not occur in the way Starfleet expects, or at all.
  • All forward-looking statements herein are qualified by reference to the cautionary statements set forth in this section.

Product Sales and Unintentional Name Association with the Coronavirus Pandemic

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Thursday, August 18, 2022
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MILWAUKEE, Aug. 18, 2022 /PRNewswire-PRWeb/ -- In the U.S. each positive case of COVID-19 is estimated to increase weekly dollar sales of Corona beer by $5.3 compared to other major beer brands, which means Corona beer would have achieved additional sales of more than $30 million in the U.S. market by the end of August 2020 based on the present number of positive cases across the country.

Key Points: 
  • In the new open access Journal of Agricultural and Applied Economics Association, Yuqing Zheng from University of Kentucky, Lingxiao Wang from University of Wisconsin Madison, Shuoli Zhao from University of Kentucky, and Wuyang Hu from the Ohio State University published the article " Product Sales and Unintentional Name Association with the Coronavirus Pandemic " and look into how the Pandemic has stimulated various consumer behavioral changes.
  • They were motivated by the fact that Corona beer's name unexpectedly shares the cause of the COVID-19 disease, known as the coronavirus.
  • If one believes in "any publicity is good publicity", consumer awareness can be heightened by media exposure regardless of positive or negative association."
  • ABOUT AAEA: Established in 1910, the Agricultural & Applied Economics Association (AAEA) is the leading professional association for agricultural and applied economists, with 2,500 members in more than 60 countries.

CarGurus™ Instant Max Cash Offer Expands to Four New States and 93% of U.S. Population

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Thursday, August 18, 2022
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CarGurus Instant Max Cash Offer is the first and only platform of its kind to combine CarGurus audience of 29.5 million monthly unique visitors in the U.S. with the power of CarOffers wholesale bidding system for automotive, the Buying Matrix.

Key Points: 
  • CarGurus Instant Max Cash Offer is the first and only platform of its kind to combine CarGurus audience of 29.5 million monthly unique visitors in the U.S. with the power of CarOffers wholesale bidding system for automotive, the Buying Matrix.
  • CarGurus Instant Max Cash Offer allows consumers to sell their car through CarGurus website by submitting the vehicle details online and instantly receiving the top bid from thousands of dealers across the country.
  • I never imagined selling a car could be this simple, said Evelyn, a consumer who recently sold her vehicle using CarGurus Instant Max Cash Offer.
  • For the latest information on and availability of CarGurus InstantMax Cash Offer, please visit CarGurus.com .

Global Healthcare Fabrics Market Research Report to 2027 - Featuring Architex International, Asahi Kasei and ATEX Technologies Among Others - ResearchAndMarkets.com

Retrieved on: 
Thursday, August 18, 2022
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What are the inhibiting factors and impact of COVID-19 shaping the Global Healthcare Fabrics Market during the forecast period?

Key Points: 
  • What are the inhibiting factors and impact of COVID-19 shaping the Global Healthcare Fabrics Market during the forecast period?
  • Which are the products/segments/applications/areas to invest in over the forecast period in the Global Healthcare Fabrics Market?
  • What is the market share of the leading vendors in the Global Healthcare Fabrics Market?
  • What modes and strategic moves are considered suitable for entering the Global Healthcare Fabrics Market?

PennyMac Mortgage Investment Trust Declares Third Quarter 2022 Dividends for Its Preferred Shares

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Thursday, August 18, 2022
REIT, Finance, Professional Services, Asset Management, Construction & Property, Trust, U.S. Securities and Exchange Commission, PMT, Documentation, Climate change, Lists of disasters, Real estate investment trust, Federal Housing Administration, Industry, NYSE, Freddie Mac, Securities Exchange Act of 1934, Investment, Delinquent, LLC, Consumer, U.S. Department of Agriculture Cotton Annex, Security (finance), Investment Company Act of 1940, Government, United States Department of Veterans Affairs, Company, War, U.S. Department of Defense Strategy for Operating in Cyberspace, Consumer Financial Protection Bureau, PennyMac Financial Services, Veterans' affairs, Fraud, CARES Act, Pandemic, REIT, CRT, Government National Mortgage Association, Ownership, Employment, Fannie Mae, Housing, Real estate, COVID-19

PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.

Key Points: 
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.
  • PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI).
  • Additional information about PennyMac Mortgage Investment Trust is available at www.pennymac-reit.com .
  • Actual results and operations for any future period may vary materially from those projected herein and from past results discussed herein.

Energy Focus Introduces Updated EnFocus™ Power Line Controlled (PLC) Dimmable and Color Tunable Commercial LED Lighting Solutions

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Thursday, August 18, 2022
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EnFocus’™ patented power line control capability, including dimming and color tuning, is now available in both 3 Amp and 8 Amp wall switches -- serving the broad needs of health care, elder care, education, and military sectors plus a host of other industrial and commercial applications including hospitality and retail.

Key Points: 
  • Energy Focus, Inc. (NASDAQ: EFOI), a leader in sustainable, energy efficient LED lighting control systems and products for the commercial, military maritime and consumer markets introduces the updated EnFocus Power Line Controlled commercial LED lighting system that is simpler to install, commission and operate and less costly than other dimming and color tuning systems.
  • EnFocus offers dimming, and color tuning control over retrofit lamps, including tubular LEDs, A19 and BR30 LED lamps with availability planned for LED flat panel and downlight fixtures.
  • Our updated line of EnFocus power line control products that enable hard wired, digital dimming and color tuning control over existing wirelines demonstrates our commitment to provide flexible and cost-effective lighting solutions to the commercial marketplace.
  • Energy Focus is an industry-leading innovator of sustainable light-emitting diode (LED) lighting and lighting control technologies and solutions, as well as UVC Disinfection (UVCD) technologies and solutions.