PNC Financial Services

Fiserv Announces Plan for Executive Leadership Changes

Retrieved on: 
Wednesday, December 6, 2023

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, today announced executive leadership changes that will take effect in 2024.

Key Points: 
  • Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, today announced executive leadership changes that will take effect in 2024.
  • She currently serves as Chief Revenue Officer for Fiserv and will succeed Suzan Kereere who is leaving Fiserv at the end of 2023.
  • Prior to joining Fiserv, LaClair was Chief Financial Officer at Ally Financial, and during 10 years at PNC Financial Services, she held several finance and business roles, serving as head of PNC’s business bank, which included leadership of its merchant joint venture with Fiserv.
  • “These changes highlight our focus on leadership development and will ensure a smooth transition.

San Juan Basin Royalty Trust Announces Adjournment of Special Meeting

Retrieved on: 
Friday, December 1, 2023

San Juan Basin Royalty Trust (NYSE: SJT) (the “Trust”) today announced that the Special Meeting of the Trust’s Unit Holders held on December 1, 2023, for the purpose of obtaining Unit Holder approval of the appointment of Argent Trust Company, a Tennessee chartered trust company (“Argent”), as successor trustee to PNC Bank, National Association, the trustee of the Trust (the “Trustee”), together with two additional proposed amendments to the San Juan Basin Royalty Trust Indenture, was adjourned due to the lack of the requisite quorum.

Key Points: 
  • San Juan Basin Royalty Trust (NYSE: SJT) (the “Trust”) today announced that the Special Meeting of the Trust’s Unit Holders held on December 1, 2023, for the purpose of obtaining Unit Holder approval of the appointment of Argent Trust Company, a Tennessee chartered trust company (“Argent”), as successor trustee to PNC Bank, National Association, the trustee of the Trust (the “Trustee”), together with two additional proposed amendments to the San Juan Basin Royalty Trust Indenture, was adjourned due to the lack of the requisite quorum.
  • The Special Meeting has been adjourned until January 16, 2024 at 10:00 a.m. Central Time, to be held in person at 2200 Post Oak Blvd., Floor 19, Houston, Texas 77056 and virtually via webcast at www.virtualshareholdermeeting.com/SJT2023SM .
  • The record date for Unit Holders entitled to vote at the Special Meeting remains the close of business on October 2, 2023.
  • Unit Holders who have already voted on the proposals do not need to take any further action.

Insigneo has successfully completed the acquisition of PNC's Latin American Brokerage and Advisory Business

Retrieved on: 
Friday, December 1, 2023

Insigneo, a prominent global wealth management firm, has successfully completed the acquisition of the Latin American consumer brokerage and advisory accounts of PNC Investments, PNC Managed Account Solutions, and PNC Bank.

Key Points: 
  • Insigneo, a prominent global wealth management firm, has successfully completed the acquisition of the Latin American consumer brokerage and advisory accounts of PNC Investments, PNC Managed Account Solutions, and PNC Bank.
  • Insigneo has been gaining significant ground by emphasizing client service, leveraging state-of-the-art technology, and focusing on continuous innovation.
  • Clients who were part of PNC’s Latin America brokerage and advisory business will now enjoy all the benefits of Insigneo's focused global wealth management approach and international capabilities.
  • Raul Henriquez, Chairman, and CEO of Insigneo Financial Group, expressed his enthusiasm about the successful completion of the transaction, stating, "The acquisition of PNC’s Latin American brokerage and advisory business underscores Insigneo's commitment to global wealth management.

Bill Stein Joins Crusoe Board of Advisors

Retrieved on: 
Thursday, November 30, 2023

Crusoe Energy Systems LLC (“Crusoe”) announced today that A. William “Bill” Stein, former CEO of Digital Realty Trust, has joined the company’s Board of Advisors.

Key Points: 
  • Crusoe Energy Systems LLC (“Crusoe”) announced today that A. William “Bill” Stein, former CEO of Digital Realty Trust, has joined the company’s Board of Advisors.
  • Stein joins Crusoe on the heels of the recent announcement of a significant expansion of its high performance cloud computing business with new capacity and additional financing earmarked for further GPU purchases and data center expansion.
  • “This is a critical moment for Crusoe as they expand their digital infrastructure offerings,” said Stein.
  • Both Dolan and McGrath had previously served as members of Crusoe’s Board of Advisors for multiple years.

American Opportunity Index Reveals How Well the Nation’s 400 Largest Companies Maximize Talent to Drive Business Performance and Advance Employees’ Careers

Retrieved on: 
Thursday, November 30, 2023

This year’s Index has been expanded to assess 400 of the largest U.S. companies who publicly report their financial performance.

Key Points: 
  • This year’s Index has been expanded to assess 400 of the largest U.S. companies who publicly report their financial performance.
  • The 2023 American Opportunity Index reveals several powerful insights for companies navigating a dynamic labor market:
    Corporate practice has a major impact on workers.
  • Companies have a crucial role to play in creating opportunity and upward mobility for American workers and their families.
  • “The American Opportunity Index demonstrates the incredible significance of corporate policies in determining economic outcomes for most workers.

Primergy Secures $300M Debt and Tax Equity Investment for Prairie Mist Solar Project

Retrieved on: 
Tuesday, November 28, 2023

Primergy Solar LLC ('Primergy'), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, Arkansas.

Key Points: 
  • Primergy Solar LLC ('Primergy'), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, Arkansas.
  • The Prairie Mist project debt financing includes a tax equity bridge loan, construction/term debt, and a letter of credit facility.
  • The debt facilities are led by a syndicate comprising of Norddeutsche Landesbank Girozentrale, Société Générale, Crédit Agricole Corporate and Investment Bank, and SMBC.
  • The Prairie Mist financing also includes a tax equity investment led by an affiliate of The PNC Financial Services Group, Inc.
    “We are pleased to have supported Primergy on the Prairie Mist financing as Coordinating Lead Arranger,” said Alejandro Lopez-Jensen, Senior Director, Project Finance at Nord/LB.

San Juan Basin Royalty Trust Declares Cash Distribution for November 2023

Retrieved on: 
Friday, November 17, 2023

The distribution is payable December 14, 2023, to the Unit Holders of record as of November 30, 2023.

Key Points: 
  • The distribution is payable December 14, 2023, to the Unit Holders of record as of November 30, 2023.
  • For the production month of September 2023, the owner of the Subject Interests, Hilcorp San Juan L.P. and the operator of the Subject Interests, Hilcorp Energy Company (collectively, “Hilcorp”), reported to the Trust net profits of $1,293,944 gross ($970,458 net royalty amount to the Trust).
  • Based upon information provided to the Trust by Hilcorp, gas volumes for the subject interests for September 2023 totaled 1,905,945 Mcf (2,117,717 MMBtu), as compared to 2,076,932 Mcf (2,307,702 MMBtu) for August 2023.
  • Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements.

EY Announces Dea Belazi of AscellaHealth as an Entrepreneur Of The Year® 2023 National Finalist

Retrieved on: 
Thursday, November 16, 2023

Ernst & Young LLP (EY US) today announced that Dea Belazi, president & CEO, AscellaHealth, was named an Entrepreneur Of The Year® 2023 National finalist.

Key Points: 
  • Ernst & Young LLP (EY US) today announced that Dea Belazi, president & CEO, AscellaHealth, was named an Entrepreneur Of The Year® 2023 National finalist.
  • Belazi was selected from a pool of 224 Entrepreneur Of The Year 2023 regional award winners from 197 companies across the US.
  • Now in its 37th year, it is celebrated as one of the most respected business award programs in the world.
  • View the full release here: https://www.businesswire.com/news/home/20231116902078/en/
    Dea Belazi, president & CEO, AscellaHealth, has been named Entrepreneur Of The Year® 2023 National finalist.

EY Announces Cheri Beranek of Clearfield, Inc. as an Entrepreneur Of The Year® 2023 National Award Winner

Retrieved on: 
Thursday, November 16, 2023

Ernst & Young LLP (EY US) announced that Cheri Beranek, president and CEO of Clearfield, Inc. (NASDAQ: CLFD), was named an Entrepreneur Of The Year® 2023 National Award winner, following Beranek’s selection as a Heartland regional award winner in June.

Key Points: 
  • Ernst & Young LLP (EY US) announced that Cheri Beranek, president and CEO of Clearfield, Inc. (NASDAQ: CLFD), was named an Entrepreneur Of The Year® 2023 National Award winner, following Beranek’s selection as a Heartland regional award winner in June.
  • Winners were selected from a pool of 224 regional Entrepreneur Of The Year 2023 Award winners from 197 companies across the US.
  • View the full release here: https://www.businesswire.com/news/home/20231116863841/en/
    Cheri Beranek, president and CEO of Clearfield, Inc., was named an Entrepreneur Of The Year® 2023 National Award winner.
  • (Photo: Business Wire)
    “I am honored to be named as an Entrepreneur Of The Year 2023 National Award Winner,” said Beranek.

FHLBank Pittsburgh Announces Results in 2023 Board Election

Retrieved on: 
Thursday, November 16, 2023

The Federal Home Loan Bank of Pittsburgh (FHLBank) today announced the results of its 2023 election.

Key Points: 
  • The Federal Home Loan Bank of Pittsburgh (FHLBank) today announced the results of its 2023 election.
  • One new member director from Pennsylvania was elected, one incumbent member director was reelected in Delaware, and two independent directors were reelected.
  • From Pennsylvania, one new member director was elected, Sheryl Jordan, Executive Vice President and Managing Director, Financial Institutions Group, PNC Bank, N.A.
  • She holds a BA in Economics and Business Administration from the University of Pittsburgh and an MBA from Georgia State University.