UMB Financial Corporation

Permian Resources Announces Full Redemption of 6.875% Senior Notes Due 2027

Retrieved on: 
Wednesday, March 6, 2024

Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, has given notice of its intention to redeem all of the Company’s outstanding $356,351,000 aggregate principal amount 6.875% Senior Notes due 2027 (the “Notes”) on April 5, 2024 (the “Redemption Date”).

Key Points: 
  • Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources, has given notice of its intention to redeem all of the Company’s outstanding $356,351,000 aggregate principal amount 6.875% Senior Notes due 2027 (the “Notes”) on April 5, 2024 (the “Redemption Date”).
  • The redemption is being made in accordance with the terms and conditions of the Notes and the indenture governing the Notes (the “Indenture”).
  • The redemption price per Note will be 100% of the principal amount of the Notes, plus accrued and unpaid interest up to, but excluding, the Redemption Date.
  • Copies of such Notice of Redemption and additional information relating to the procedure for redemption of the Notes may be obtained from the Company’s investor relations contacts provided below.

Landmark Bancorp Announces New CEO in Leadership Transition

Retrieved on: 
Monday, March 4, 2024

MANHATTAN, Kan., March 4, 2024 /PRNewswire/ -- Landmark Bancorp, Inc. (the "Company") announced that it has appointed Abigail (Abby) Wendel to serve as president and chief executive officer of the Company and Landmark National Bank, its wholly-owned bank subsidiary (the "Bank"), effective March 29, 2024. Wendel also will join the respective boards of directors of the company and bank. She succeeds current President and CEO, Michael Scheopner, who will serve in a non-executive role until his retirement at the end of the year.

Key Points: 
  • She succeeds current President and CEO, Michael Scheopner, who will serve in a non-executive role until his retirement at the end of the year.
  • In May 2013, Scheopner was named president of Landmark National Bank and chief executive officer in January 2014.
  • "We are grateful for Michael's leadership and strategic direction that has brought Landmark National Bank to this pivotal moment in our organization's history," said Patrick Alexander, board chairman.
  • Wendel will be based in the Kansas City metro, with frequent site visits across Kansas to Landmark National Bank locations.

Rural King Announces Launch of New Rural King Rewards VISA Credit Card with 5% back in Rewards

Retrieved on: 
Monday, January 22, 2024

MATTOON, Ill., Jan. 22, 2024 /PRNewswire/ -- Rural King , a leading farm and home store with locations throughout the Midwest and Southeast, announced today the launch of the Rural King Rewards VISA® credit card with the ability to earn up to 5% back in Rural King Rewards, plus a $20 sign up bonus upon credit approval.

Key Points: 
  • MATTOON, Ill., Jan. 22, 2024 /PRNewswire/ -- Rural King , a leading farm and home store with locations throughout the Midwest and Southeast, announced today the launch of the Rural King Rewards VISA® credit card with the ability to earn up to 5% back in Rural King Rewards, plus a $20 sign up bonus upon credit approval.
  • Rural King is offering the no annual fee Rural King Rewards VISA to new and existing customers, along with the more than two million existing Rural King Rewards Members to deliver a more rewarding shopping experience.
  • *
    "The Rural King Rewards VISA is a significant step forward in offering our members additional benefits both for shopping at Rural King and in the community" said Phil Reiter, VP of Rural King Marketing.
  • Existing Rural King VISA cardholders do not need to reapply; they will automatically receive the Rural King Rewards VISA credit card and begin earning the enhanced rewards.

UMB Announces Conference Call to Discuss Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Thursday, January 4, 2024

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the fourth quarter 2023 after market hours on Tuesday, January 30, 2024.

Key Points: 
  • UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the fourth quarter 2023 after market hours on Tuesday, January 30, 2024.
  • The company plans to host an investor conference call to discuss these results on Wednesday, January 31, at 8:30 a.m. (CT) / 9:30 a.m. (ET).
  • Interested parties may access the call by dialing (toll-free) 833-470-1428 or (international) 404-975-4839 and requesting to join the UMB Financial call with access code 269364.
  • The live call may also be accessed by visiting investorrelations.umb.com or by using the following the link:

Amtech Reports Fourth Quarter and Year End Fiscal 2023 Results

Retrieved on: 
Thursday, December 14, 2023

Net revenues decreased 10% sequentially and 14% from the fourth quarter of fiscal 2022.

Key Points: 
  • Net revenues decreased 10% sequentially and 14% from the fourth quarter of fiscal 2022.
  • GAAP net loss for the fourth quarter of fiscal 2023 was $12.0 million, or 85 cents per share.
  • Non-GAAP net loss for the fourth quarter of fiscal 2023 was $2.5 million, or 18 cents per share.
  • For the first fiscal quarter ending December 31, 2023, we expect revenues in the range of $21 - $24 million with EBITDA nominally negative.

Amtech Fourth Quarter Fiscal 2023 Business Update

Retrieved on: 
Wednesday, December 13, 2023

When complete, the Company will issue a press release with its fourth quarter and full year fiscal 2023 financial results, as well as file its Annual Report on Form 10-K.

Key Points: 
  • When complete, the Company will issue a press release with its fourth quarter and full year fiscal 2023 financial results, as well as file its Annual Report on Form 10-K.
    “We experienced continued softness in demand across several of our end markets during the fourth quarter and have taken actions to reduce fixed costs and expenses.
  • Net revenues decreased 10% sequentially and 14% from the fourth quarter of fiscal 2022.
  • Unrestricted cash and cash equivalents at September 30, 2023, were $13.1 million dollars, compared to $14.3 million dollars at June 30, 2023.
  • For the first fiscal quarter ending December 31, 2023, we expect revenues in the range of $21 - $24 million with EBITDA nominally negative.

UMB Fund Services Assists StepStone Private Wealth with Flagship Fund Transition to Daily Admittance, Launch of New Infrastructure Fund

Retrieved on: 
Thursday, November 30, 2023

In July, StepStone began publishing a daily NAV for its flagship fund, StepStone Private Markets (“SPRIM”) , allowing investors to purchase shares on a daily basis.

Key Points: 
  • In July, StepStone began publishing a daily NAV for its flagship fund, StepStone Private Markets (“SPRIM”) , allowing investors to purchase shares on a daily basis.
  • StepStone is among the first managers to strike a daily NAV for a multi asset-class registered fund invested in private markets.
  • We greatly appreciate UMB Fund Services’ partnership.”
    In September, StepStone launched a new fund, StepStone Private Infrastructure Fund (“STRUCTURE”) .
  • Like SPRIM, STRUCTURE is an evergreen interval fund that can be purchased daily, and UMB Fund Services is providing the same services as with SPRIM.

Truist appoints Scott Stengel as chief legal officer

Retrieved on: 
Wednesday, December 13, 2023

Stengel will report to Truist Chairman and CEO Bill Rogers, serve as corporate secretary to the Truist Board of Directors and become a member of the bank's operating council.

Key Points: 
  • Stengel will report to Truist Chairman and CEO Bill Rogers, serve as corporate secretary to the Truist Board of Directors and become a member of the bank's operating council.
  • He'll be based in Charlotte, at the Truist corporate headquarters, where he'll oversee all legal affairs and government relations.
  • "We're pleased to welcome Scott Stengel to Truist to guide our legal affairs and government relations strategy at a critical time of rapid change in the industry," said Rogers.
  • Stengel previously served as general counsel of Ally Financial since 2016, where he was responsible for the legal affairs, corporate secretary and government relations functions.

Tower Arch Capital Forms S&N Infrastructure Services and Completes Recapitalization of S&N Communications

Retrieved on: 
Tuesday, December 5, 2023

S&N provides turnkey maintenance, repair, upgrade, and installation services for communications and electric utilities infrastructure.

Key Points: 
  • S&N provides turnkey maintenance, repair, upgrade, and installation services for communications and electric utilities infrastructure.
  • We are excited about this new partnership with Tower Arch Capital as we focus on delivering excellent services and expand our presence to better support our current and future customers."
  • Dave Parkin, Partner at Tower Arch Capital, added, "We are pleased to announce our first Fund III partnership with Allen Powell and the fine leadership team at S&N.
  • Advisors for Tower Arch Capital included Gibson, Dunn & Crutcher LLP and BDO USA, LLP.

Mountain Ridge Capital Launches Factoring Platform

Retrieved on: 
Tuesday, October 17, 2023

NEW YORK, Oct. 17, 2023 /PRNewswire/ -- Alpine Ridge Funding ("Alpine Ridge"), a factoring commercial finance company, announced its official launch.

Key Points: 
  • NEW YORK, Oct. 17, 2023 /PRNewswire/ -- Alpine Ridge Funding ("Alpine Ridge"), a factoring commercial finance company, announced its official launch.
  • Strategically backed with equity from Mountain Ridge Capital, Alpine Ridge is focused on originating, underwriting, and managing factoring facilities from $50,000 to $30 million.
  • Alpine Ridge provides factoring facilities to small and lower middle-market businesses across a broad range of industries primarily through the purchase of accounts receivable.
  • The Alpine Ridge platform was created to help companies that cannot qualify for bank or asset-based financing receive the financing they need to achieve their varied goals.