U.S. Bancorp

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.

Wedbush Securities Welcomes Patricia Hirata and Nobue Weber as Newest Wealth Management duo in Pasadena, CA

Retrieved on: 
Friday, January 19, 2024
Personal Finance, Finance, Consulting, Banking, Professional Services, Multimedia, Wealth management, Security (finance), EVP, U.S. Bancorp, Management

Wedbush Securities , a prominent diversified independent financial services provider, welcomes Patricia Hirata and Nobue Weber to its esteemed Wealth Management team.

Key Points: 
  • Wedbush Securities , a prominent diversified independent financial services provider, welcomes Patricia Hirata and Nobue Weber to its esteemed Wealth Management team.
  • The duo will be based in the firm’s Pasadena office, further expanding Wedbush's presence in the greater Pasadena area.
  • View the full release here: https://www.businesswire.com/news/home/20240119131269/en/
    Wedbush Securities Welcomes Patricia Hirata to its Wealth Management team (Photo: Business Wire)
    In a strategic transition from U.S. Bank to Wedbush, Hirata, a former top producer at the Little Tokyo branch, and Weber, who served as a private banker and associate, join forces to create an impactful wealth management duo.
  • Chris Mone, EVP and Head of Wealth Management, shared, "Bringing Patricia and Nobue on board is a tactical move for Wedbush.

U.S. Bancorp Reports Fourth Quarter 2023 Results

Retrieved on: 
Wednesday, January 17, 2024
Banking, Other Professional Services, Professional Services, Finance, Senior, Telephone, Webcast, Central Time, U.S. Bancorp, Bank holding company

U.S. Bancorp reported its fourth quarter 2023 results today.

Key Points: 
  • U.S. Bancorp reported its fourth quarter 2023 results today.
  • The earnings release, earnings supplement and slide presentation can be accessed online at ir.usbank.com/investor-relations/financial-information .
  • At 7 a.m. Central Time, Chairman, President and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will host a conference call to review the financial results.
  • To access the webcast and presentation, visit U.S. Bancorp’s website at usbank.com and click on “

Kroger Innovates to Make Customers' Favorite Our Brands Products Even Better

Retrieved on: 
Monday, January 22, 2024
Private, Croissant, Mastercard, Boost, Vanilla, Spice, Family, Cheese, Home Chef, U.S. Bancorp, Baking

CINCINNATI, Jan. 22, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today shared it is reformulating beloved deli and bakery items making customer favorites even better, including products such as Home Chef fried chicken and Private Selection cinnamon rolls and crumb cake.

Key Points: 
  • We know how important these products are to our customers and we are committed to constantly improving to ensure these deli and bakery favorites are the best they can be."
  • Private Selection Signature Buttercream Cakes : Now with new real buttercream, these double layer cakes offer superior quality making for a decadent dessert.
  • Customers can shop these fresh items in the deli and bakery section of Kroger Family of Stores.
  • To learn more and redeem this Kroger Rewards World Elite Mastercard® cardmember offer visit here .

Kite Realty Group Trust Announces Pricing of $350 Million Senior Notes Offering

Retrieved on: 
Friday, January 12, 2024
Fifth Avenue, Debt-to-GDP ratio, KRG, Madison Avenue, Partnership, U.S. Bancorp, Prospectus, BofA Securities, KeyBank, Sale, Scotiabank, Suite, Goldman Sachs, Citigroup, Wells Fargo, ATTN:, Telephone, TD Securities, Security (finance), Note

INDIANAPOLIS, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that, on January 12, 2024, its operating partnership, Kite Realty Group, L.P. (the “Operating Partnership”), priced an offering of $350 million aggregate principal amount of 5.500% Senior Notes due 2034 (the “Notes”) in an underwritten public offering.

Key Points: 
  • INDIANAPOLIS, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that, on January 12, 2024, its operating partnership, Kite Realty Group, L.P. (the “Operating Partnership”), priced an offering of $350 million aggregate principal amount of 5.500% Senior Notes due 2034 (the “Notes”) in an underwritten public offering.
  • The Notes will be issued at 98.670% of par value with a yield to maturity of 5.673%.
  • Interest on the Notes is payable semi-annually on March 1 and September 1 of each year, beginning on September 1, 2024.
  • Regions Securities LLC, TD Securities and US Bancorp served as senior co-managers for the offering.

Kilroy Realty, L.P. Prices $400 Million of 6.250% Senior Notes Due 2036

Retrieved on: 
Tuesday, January 9, 2024
Residential Building & Real Estate, Construction & Property, REIT, Fifth Avenue, Madison Avenue, Partnership, U.S. Bancorp, Prospectus, BofA Securities, KeyBank, Sale, Scotiabank, Suite, Vesey Street, J.P. Morgan & Co., Wells Fargo, ATTN:, J. P. Morgan, Telephone, KRC, Barclays, Security (finance), BMO Capital Markets, Note

Kilroy Realty Corporation (NYSE: KRC) (the “Company”) today announced that its operating partnership, Kilroy Realty, L.P., has priced an underwritten public offering of $400 million aggregate principal amount of 6.250% senior notes due 2036 (the “Notes”).

Key Points: 
  • Kilroy Realty Corporation (NYSE: KRC) (the “Company”) today announced that its operating partnership, Kilroy Realty, L.P., has priced an underwritten public offering of $400 million aggregate principal amount of 6.250% senior notes due 2036 (the “Notes”).
  • The Notes are being offered at a price equal to 98.879% of the principal amount, plus accrued interest, if any, with a yield to maturity of 6.385%.
  • Net proceeds from the offering are expected to be approximately $392 million, after deducting the underwriting discount and the Company’s estimated expenses.
  • The Notes are being offered pursuant to an effective shelf registration statement filed by Kilroy Realty Corporation and Kilroy Realty, L.P. with the Securities and Exchange Commission (“SEC”).

MidFirst Bank Extends Western Expansion with Entrance into Nevada Market

Retrieved on: 
Monday, January 8, 2024
Banking, Professional Services, Finance, Commercial, Latin, MidFirst Bank, Commerce, Treasury, SBA, Discovery, U.S. Bancorp, Senior, Management

MidFirst Bank, the largest privately held bank in the nation, recently announced its expansion into the Southern Nevada market.

Key Points: 
  • MidFirst Bank, the largest privately held bank in the nation, recently announced its expansion into the Southern Nevada market.
  • This expansion extends MidFirst’s growth in the western United States, building upon the Bank’s recently announced entrance into the new Southern California markets of Santa Barbara, San Diego and South Bay.
  • “We are pleased to continue executing MidFirst’s growth strategy with our entrance into the Southern Nevada market,” said Jeff Records, Chairman and CEO of MidFirst Bank.
  • Michael brings with him a team of experienced banking professionals from Bank of Nevada to serve the Southern Nevada Market, which includes Senior Vice President Joyce Smith and Senior Vice President Jeff Miracle.