U.S. Bancorp

Cencora Closes $500 Million Senior Notes Offering

Retrieved on: 
Wednesday, February 7, 2024
Professional Services, Health, Finance, General Health, Banking, Pharmaceutical, Security (finance), CUSIP, Telephone, News, Attention, Prospectus, U.S. Bancorp, BofA Securities, Broadridge Financial Solutions, Debt-to-GDP ratio, J.P. Morgan & Co., Wells Fargo, Sale, Suite, National Association

Cencora, Inc. (NYSE: COR) today announced the closing of its public offering of $500 million aggregate principal amount of its 5.125% Senior Notes due 2034 (the “Notes”), in an underwritten registered public offering.

Key Points: 
  • Cencora, Inc. (NYSE: COR) today announced the closing of its public offering of $500 million aggregate principal amount of its 5.125% Senior Notes due 2034 (the “Notes”), in an underwritten registered public offering.
  • The offering was made pursuant to an effective shelf registration statement Cencora filed with the Securities and Exchange Commission (the “SEC”) on November 23, 2021.
  • Cencora intends to use the net proceeds from the offering to redeem all of its 3.400% Senior Notes due May 15, 2024 (CUSIP 03073E AL9) (the “2024 Notes”) with any remaining net proceeds to be used for general corporate purposes.
  • Cencora filed a final prospectus supplement and an accompanying prospectus with the SEC in connection with the offering of the Notes.

CLA Signs 16-Year Lease in Viking Lakes Campus

Retrieved on: 
Tuesday, February 6, 2024
Learning, ICRAVE, U.S. Bancorp, CliftonLarsonAllen, Accounting, LLP, CLA

MINNEAPOLIS, Feb. 6, 2024 /PRNewswire/ -- Today, CLA (CliftonLarsonAllen LLP), the eighth largest accounting firm in the United States, announced it has signed a 16-year lease for training space at the Viking Lakes Campus in Eagan, Minnesota.  

Key Points: 
  • MINNEAPOLIS, Feb. 6, 2024 /PRNewswire/ -- Today, CLA (CliftonLarsonAllen LLP), the eighth largest accounting firm in the United States, announced it has signed a 16-year lease for training space at the Viking Lakes Campus in Eagan, Minnesota.
  • CLA, which has more than 130 offices across the country, including the US Bank Building in downtown Minneapolis, intends to use the space at Viking Lakes Campus for a connection center.
  • CLA is a tremendous addition to our growing roster of strategic partners at Viking Lakes."
  • Viking Lakes' location and ongoing development offers an exciting variety of events, attractions, award-winning dining, and hospitality for visiting CLA team members to enjoy.

FinWise Bancorp Announces Two Senior Leadership Promotions

Retrieved on: 
Monday, February 5, 2024
Fiserv, Growth, Sutton Bank, U.S. Bancorp, SVP, Computer security, Executive, Bank, As a service, Sophos, Wells Fargo, Management

MURRAY, Utah, Feb. 05, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced the promotions of Chief Fintech Officer Robert Keil and Chief Technology Officer Richard Thiessens to the added title of Executive Vice President.

Key Points: 
  • MURRAY, Utah, Feb. 05, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced the promotions of Chief Fintech Officer Robert Keil and Chief Technology Officer Richard Thiessens to the added title of Executive Vice President.
  • To that point, I am pleased to share the promotions of Robert and Richard to our executive leadership team,” stated Kent Landvatter, Chief Executive Officer and President of FinWise.
  • Prior to joining FinWise, he co-founded Array Technology, an IT services and security consulting company that was rebranded to become Braintrace and ultimately acquired by Sophos.
  • He also led the infrastructure, data and cyber security teams at EnerBank USA through rapid growth and significant change.

James Elwood and Michael Anzola Join Wealth Access’ Executive Team

Retrieved on: 
Thursday, February 1, 2024
Other Professional Services, Data Management, Technology, Finance, Consulting, Fintech, Banking, Accounting, Professional Services, Other Technology, Software, Networks, Data Analytics, Internet, Mobile, Wireless, Book, Growth, Anzola, Access, U.S. Bancorp, Data engineering, Software engineering, CIO, Citibank, John Henry, Record, Machine learning, Trust, EY, Management

Wealth Access , the leading customer data insights platform that unifies and enriches data that powers hyper-personalized experiences for financial institutions, today announced two appointments to its executive team: James Elwood, Chief Technology Officer (CTO) and Michael Anzola, Head of Strategy and Product.

Key Points: 
  • Wealth Access , the leading customer data insights platform that unifies and enriches data that powers hyper-personalized experiences for financial institutions, today announced two appointments to its executive team: James Elwood, Chief Technology Officer (CTO) and Michael Anzola, Head of Strategy and Product.
  • Founder and CEO of Wealth Access David Benskin said, “2023 was an exceptional year of growth for us, and 2024 is starting off with the exciting additions of James and Michael to our well-established leadership team alongside Brandi Zinn, Jeff Bloedorn and myself.
  • Having James and Michael join us will be beneficial to sustaining our momentum as the business expands and we strengthen our brokerage, trust and retail banking capabilities.
  • Both individuals have unprecedented business acumen that complements our executive team and further bolsters our industry presence.

Cenlar Promotes Several Senior Leaders and Appoints a Vice President

Retrieved on: 
Tuesday, January 30, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Consulting, Banking, Transfer, Business administration, AMP, Business, Small business, PHH, Problem solving, Senior, Risk management, JPMorgan Chase, Forecasting, Voya Financial, U.S. Bancorp, Consumer, Certified Public Accountant, Bowling Green State University, FSB, BIO, Tax, CPA, Gap Inc., P&L, Verizon Communications, Master of Business Administration, KPMG, Wesley College, Strayer University, Project management, Workforce management, Gap, Heidi, Workforce, Controller, Accounting, Management

Our Promoted Senior Leaders Include:

Key Points: 
  • Our Promoted Senior Leaders Include:
    Owen Amster, to Vice President and Controller.
  • Prior to joining Cenlar, Owen held multiple roles at KPMG, most recently as Senior Manager in the New York Financial Services practice.
  • Nick joined Cenlar in November 2020 as Vice President of Executive Client Management.
  • Prior to coming to Cenlar, Nick held executive level leadership roles at U.S. Bank, most recently as Senior Vice President of Consumer, Small Business and Commercial Default.

Leading Global Institutions Invest in a Clean Energy Future With Generate Capital

Retrieved on: 
Wednesday, January 31, 2024
Environment, Construction & Property, Finance, Urban Planning, Professional Services, Alternative Energy, Sustainability, Green Technology, Energy, Partnership, Multimedia, QIC, U.S. Bancorp, Blue, Transport, University, Investment, School, AustralianSuper, HESTA, CO2, Generate, Cloud computing, Real assets, Blue Bird Corporation, Inflation, McKinstry, Student, Hospital, Renewable energy

Today, Generate Capital (“Generate”), a leading sustainable infrastructure platform, announced the closing of its latest capital raise with $1.5 billion in new capital commitments from preeminent global institutional investors.

Key Points: 
  • Today, Generate Capital (“Generate”), a leading sustainable infrastructure platform, announced the closing of its latest capital raise with $1.5 billion in new capital commitments from preeminent global institutional investors.
  • This new round brings the total capital raised by Generate since its inception in 2014 to over $10 billion.
  • As of September 2023, Generate helped produce over 320GWh of sustainable power and process more than 715Kt in organic waste.
  • “We're at an inflection point in the transition to a clean energy economy,” says Generate Capital CEO and co-founder Scott Jacobs.

Marathon Petroleum Corporation announces election of two new directors

Retrieved on: 
Wednesday, January 31, 2024
Cloud, Business administration, MPC, U.S. Bancorp, College, Risk management, Motorola, Goddard Space Flight Center, L3Harris Technologies, Aerospace Industries Association, Mutual of Omaha, Central Waqf Council, User, Marathon Petroleum, Aircraft, Ford Motor Company, Information technology, Girl Guides, KPMG, National Space Council, Information, Loyola University, United Technologies, Acquisition, Record, Carnegie Mellon University, Davison Army Airfield, University, Health, American Institute, Oracle Corporation, Butler University, Management

FINDLAY, Ohio, Jan. 31, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that Eileen P. Drake and Kimberly N. Ellison-Taylor have been elected to the company's board of directors, effective March 1, 2024.

Key Points: 
  • FINDLAY, Ohio, Jan. 31, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that Eileen P. Drake and Kimberly N. Ellison-Taylor have been elected to the company's board of directors, effective March 1, 2024.
  • Ellison-Taylor is a former global leader at Oracle Corporation, where she held roles directing strategy and thought leadership for the company's financial services practice; health, human & labor vertical; and its cloud business.
  • "We look forward to their perspectives and strategic insights as we continue creating long-term sustainable value in an ever-evolving business environment."
  • The elections of Drake and Ellison-Taylor will increase the MPC board to 13 directors.

Highwoods Recasts Credit Facility

Retrieved on: 
Thursday, January 25, 2024
Toronto-Dominion Bank, Bank, Partnership, PNC Financial Services, BofA Securities, National Association, Wells Fargo, Bank of America, U.S. Bancorp

RALEIGH, N.C., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has executed a recast of its unsecured revolving credit facility, which replaces the Company’s existing revolving credit facility obtained in 2021.

Key Points: 
  • Ted Klinck, President and Chief Executive Officer of Highwoods Properties, said, “We appreciate the confidence shown in Highwoods by our bank group.
  • We are pleased to have extended the term of our credit facility out to 2029, with the extension options.
  • served as Joint Lead Arrangers on the new credit facility, with BofA Securities, Inc., Wells Fargo Securities, LLC and PNC Capital Markets LLC serving as Joint Bookrunners.
  • is Administrative Agent and Wells Fargo Bank, National Association and PNC Bank, National Association are Co-Syndication Agents.

Easterly Government Properties Extends $100 Million Unsecured Term Loan Facility

Retrieved on: 
Thursday, January 25, 2024
Public Policy, Government, Commercial Building & Real Estate, Construction & Property, White House, Federal Government, Finance, Banking, Professional Services, REIT, PNC Financial Services, Government agency, DEA, National Association, Term loan, U.S. Bancorp, Bank

Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust that acquires, develops, and manages Class A commercial properties leased to mission-critical U.S. Government agencies, today announced it has extended a $100 million unsecured term loan executed in 2016 (the “Extended Term Loan”).

Key Points: 
  • Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust that acquires, develops, and manages Class A commercial properties leased to mission-critical U.S. Government agencies, today announced it has extended a $100 million unsecured term loan executed in 2016 (the “Extended Term Loan”).
  • Easterly secured market leading terms for the facility and extended the weighted average life of maturities at attractive spreads, underscoring the company’s fortified balance sheet and strong capital partner relationships.
  • Given the Company's current leverage ratio, the Extended Term Loan’s initial spread to SOFR is set at 1.35%.
  • “Extending Easterly’s term loan equips the Company to hold the current pricing grid and prolong the weighted average of the loan’s debt maturity,” said Allison Marino, Easterly’s Chief Financial and Accounting Officer.

First Internet Bancorp Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, January 24, 2024
Banking, Fintech, Professional Services, Finance, NIM, Compact disc, Small Business Administration, ACL, Bank, Tangibility, Insurance, FTE, Ratio, Sale, As a service, First, Webcast, First Internet Bancorp, SBA, Telephone, U.S. Bancorp, Small business, Growth

On a fully-taxable equivalent basis, net interest income for the fourth quarter of 2023 was $21.0 million, compared to $18.6 million for the third quarter of 2023, and $23.1 million for the fourth quarter of 2022.

Key Points: 
  • On a fully-taxable equivalent basis, net interest income for the fourth quarter of 2023 was $21.0 million, compared to $18.6 million for the third quarter of 2023, and $23.1 million for the fourth quarter of 2022.
  • Total interest income for the fourth quarter of 2023 was $66.3 million, an increase of 5.2% compared to the third quarter of 2023, and an increase of 45.1% compared to the fourth quarter of 2022.
  • Net interest margin (“NIM”) was 1.58% for the fourth quarter of 2023, up from 1.39% for the third quarter of 2023 and down from 2.09% for the fourth quarter of 2022.
  • Noninterest income for the fourth quarter of 2023 was $7.4 million, consistent with the third quarter of 2023, and up $1.6 million, or 27.4%, from the fourth quarter of 2022.