City National Bank

Silvercrest Asset Management Group Inc. Reports Q1 2024 Results

Retrieved on: 
Thursday, May 2, 2024
Net income, Forgiveness, City National Bank, Travel, Depreciation, Class, Earnings per share, AUM, Eastern Time Zone, Bank statement, GAAP, Security (finance)

Silvercrest’s discretionary assets under management increased by $1.4 billion, or 6.6%, to $22.7 billion at March 31, 2024, from $21.3 billion at March 31, 2023.

Key Points: 
  • Silvercrest’s discretionary assets under management increased by $1.4 billion, or 6.6%, to $22.7 billion at March 31, 2024, from $21.3 billion at March 31, 2023.
  • Silvercrest’s total AUM increased by $4.6 billion, or 15.4%, to $34.5 billion at March 31, 2024, from $29.9 billion at March 31, 2023.
  • Silvercrest’s discretionary assets under management increased by $0.8 billion, or 3.7%, to $22.7 billion at March 31, 2024, from $21.9 billion at December 31, 2023.
  • Silvercrest Asset Management Group Inc.’s total equity was $83.9 million at March 31, 2024.

Venus Concept Announces Loan Purchase and Completion of First Phase of Refinancing

Retrieved on: 
Wednesday, April 24, 2024
City National Bank, Puerto Madryn, CNB, Annual report, Communication, MD, Partnership, Federal Reserve Act, Indian Forest Act, 1927, Federal Reserve, Security, Growth, Security (finance)

Following close of the MSLP Loan Purchase, Venus Concept and Madryn entered into a Loan and Security Agreement (“Madryn Loan Agreement”), dated April 23, 2024, pursuant to which Madryn provides an aggregate principal amount of up to $5.0 million in debt financing to the Company to support near-term liquidity requirements.

Key Points: 
  • Following close of the MSLP Loan Purchase, Venus Concept and Madryn entered into a Loan and Security Agreement (“Madryn Loan Agreement”), dated April 23, 2024, pursuant to which Madryn provides an aggregate principal amount of up to $5.0 million in debt financing to the Company to support near-term liquidity requirements.
  • A principal amount of $2.0 million net of transaction fees was drawn by the Company at the close of the transaction.
  • As of December 31, 2023, the MSLP Loan had an outstanding balance of $51.3 million.
  • Madryn’s purchase of our outstanding senior debt facility and extension of bridge financing provides critical support in this process.

9-Time GRAMMY® Winner Sheryl Crow and Sens. John Cornyn and Amy Klobuchar to Be Honored at the GRAMMYs on the Hill® Awards

Retrieved on: 
Tuesday, April 23, 2024
Entertainment, Congressional News, Views, Online, Communications, Public Policy, Government, Events, Concerts, Celebrity, White House, Federal Government, Social Activism, Music, Grammy Awards, Fan, Congress, City National Bank, Record, Elton John AIDS Foundation, Breast Cancer Research Foundation, Rock, GRAMMY, Breast cancer, State, Blood, Advocacy, Amy Klobuchar, AI, Music Modernization Act, Heart, The Recording Academy, Photograph, Partnership, House, Senate, Life, Intelligence, Human, Legislation, Multimedia, Organic, Evolution, History, Feminism, COVID-19, Hill, Film industry

Sponsored by City National Bank and benefitting the GRAMMY Museum®, this year's awards will honor nine-time GRAMMY® winner Sheryl Crow and Sens.

Key Points: 
  • Sponsored by City National Bank and benefitting the GRAMMY Museum®, this year's awards will honor nine-time GRAMMY® winner Sheryl Crow and Sens.
  • John Cornyn (R-TX) and Amy Klobuchar (D-MN) for their contributions to support music creators.
  • From left to right: Sen. Amy Klobuchar (D-MN); nine-time GRAMMY Award winner Sheryl Crow; Sen. John Cornyn (R-TX).
  • Crow is a nine-time GRAMMY winner and was inducted into the Rock and Roll Hall of Fame in 2023.

Great Elm Capital Corp. Prices Public Offering of $30,000,000 of 8.50% Notes Due 2029

Retrieved on: 
Tuesday, April 9, 2024
City National Bank, Loan, PALM, Security agreement, Sale, Security (finance), Prospectus, Investment, Note, BEACH

The Company has also granted the underwriters a 30-day option to purchase up to an additional $4,500,000 aggregate principal amount of Notes to cover over-allotments, if any.

Key Points: 
  • The Company has also granted the underwriters a 30-day option to purchase up to an additional $4,500,000 aggregate principal amount of Notes to cover over-allotments, if any.
  • The closing of the transaction is subject to customary closing conditions, and the Notes are expected to be delivered on or about April 17, 2024.
  • Ladenburg Thalmann & Co. Inc., InspereX LLC, Janney Montgomery Scott LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering.
  • The information in this press release and the preliminary prospectus is not complete and may be changed.

Great Elm Capital Corp. Announces Public Offering of Unsecured Notes

Retrieved on: 
Tuesday, April 9, 2024
City National Bank, Loan, PALM, Security agreement, Sale, Prospectus, Note, Investment, BEACH, Security (finance)

PALM BEACH GARDENS, Fla., April 09, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”) (NASDAQ: GECC) announced today the commencement of an underwritten public offering of unsecured notes due 2029 (the “Notes”).

Key Points: 
  • PALM BEACH GARDENS, Fla., April 09, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”) (NASDAQ: GECC) announced today the commencement of an underwritten public offering of unsecured notes due 2029 (the “Notes”).
  • The Notes are expected to be listed on The Nasdaq Global Market under the trading symbol “GECCI,” and to trade thereon within 30 days from the original issue date.
  • The interest rate and other terms of the Notes will be determined by negotiations between the Company and the underwriters.
  • Ladenburg Thalmann & Co. Inc., InspereX LLC, Janney Montgomery Scott LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering.

Recordings by Buena Vista Social Club, De La Soul, Guns N’ Roses, Lauryn Hill, Charley Pride, and More Inducted to GRAMMY Hall of Fame®

Retrieved on: 
Wednesday, March 20, 2024
Music, Events, Concerts, Arts, Museums, General Entertainment, Entertainment, City National Bank, Grammy Awards, Hall, Buena Vista Social Club, VIP, Theatre, Trustee, Appetite for Destruction, Direction, Catalog, NOVO, The Recording Academy, Ray, GRAMMY, The Doobie Brothers, Grammy Hall of Fame, Film industry

Today, the Recording Academy® revealed the 2024 inducted recordings to the distinguished GRAMMY Hall Of Fame® on its 50th anniversary.

Key Points: 
  • Today, the Recording Academy® revealed the 2024 inducted recordings to the distinguished GRAMMY Hall Of Fame® on its 50th anniversary.
  • The inducted recordings will be honored at GRAMMY Museum’s inaugural GRAMMY Hall Of Fame Gala and concert presented by City National Bank on May 21, 2024 at the NOVO Theater in Los Angeles.
  • For a full list of 2024 recordings inducted into the GRAMMY Hall Of Fame, see below or visit here .
  • With 10 new titles, the Hall, now in its 50th year, currently totals 1,152 inducted recordings in the GRAMMY Hall Of Fame.

Camilla Walker Receives Wayfinder Award

Retrieved on: 
Wednesday, March 27, 2024
City National Bank, Mental, University, Aspen, Wayfinder Family Services, Child, Volunteering, Organic, Wayfinder, Walker, Disability, The Conversation, Aspen Institute

LOS ANGELES, March 27, 2024 /PRNewswire/ -- Wayfinder Family Services recently honored banking executive Camilla Walker at The Conversation.

Key Points: 
  • LOS ANGELES, March 27, 2024 /PRNewswire/ -- Wayfinder Family Services recently honored banking executive Camilla Walker at The Conversation.
  • Over 200 guests gathered at the Jonathan Club in downtown Los Angeles for the luncheon and panel discussion co-presented by Wayfinder Family Services and the Aspen Institute.
  • Walker is a senior vice president and senior relationship manager within the commercial banking division of City National Bank and an alumna of the University of Georgia, where she graduated summa cum laude.
  • Walker shared her passion for Wayfinder, "There are a lot of charities in Los Angeles that you can give your time and donations to, but what sets Wayfinder apart is that it all-encompassing … from child welfare and disabilities to mental health services.

Novogradac Renewable Energy Conference Spotlights Inflation Reduction Act Topics

Retrieved on: 
Tuesday, March 26, 2024
Element, IRA, IRS, City National Bank, Conference, Learning, RETC, McGriff, SAN, System, WTW, ITC, Latham & Watkins, PTC, Internal Revenue Service, Project finance, Allen & Overy, Brown & Brown, CPA, Renewable energy

SAN FRANCISCO, March 26, 2024 /PRNewswire-PRWeb/ -- Renewable energy development professionals and financiers will discuss the practical application of elements of the 2022 Inflation Reduction Act (IRA) at the Novogradac 2024 Spring Renewable Energy Tax Credits Conference, to be held May 16-17, 2024, at the Rancho Bernardo Inn in San Diego. Understanding adders, learning more about the investment tax credit (ITC) equity market and monetizing the production tax credit (PTC) are among the hot topics in the renewable energy tax credit (RETC) community slated for discussion.

Key Points: 
  • Energy Experts to Address Storage, ITC Equity, Adders and More May 16-17, 2024
    SAN FRANCISCO, March 26, 2024 /PRNewswire-PRWeb/ -- Renewable energy development professionals and financiers will discuss the practical application of elements of the 2022 Inflation Reduction Act (IRA) at the Novogradac 2024 Spring Renewable Energy Tax Credits Conference , to be held May 16-17, 2024, at the Rancho Bernardo Inn in San Diego.
  • Understanding adders, learning more about the investment tax credit (ITC) equity market and monetizing the production tax credit (PTC) are among the hot topics in the renewable energy tax credit (RETC) community slated for discussion.
  • "I'm excited to return to San Diego for a discussion with leading industry experts in renewable energy tax credits," said Nat Eng, CPA, a partner in Novogradac's Walnut Creek, California, office and conference chair.
  • "I'm excited to return to San Diego for a discussion with leading industry experts in renewable energy tax credits," said Nat Eng, CPA, a partner in Novogradac's Walnut Creek, California, office and conference chair.

Silvercrest Asset Management Group Inc. Reports Q4 and Year-End 2023 Results

Retrieved on: 
Thursday, March 7, 2024
Internet, Telephone, Class, AUM, Earnings per share, City National Bank, Net income, GAAP, Forgiveness, Eastern Time Zone, Bank statement, Depreciation, Cryptocurrency

Silvercrest’s discretionary assets under management increased by $1.0 billion, or 4.8%, to $21.9 billion at December 31, 2023, from $20.9 billion at December 31, 2022.

Key Points: 
  • Silvercrest’s discretionary assets under management increased by $1.0 billion, or 4.8%, to $21.9 billion at December 31, 2023, from $20.9 billion at December 31, 2022.
  • Silvercrest’s discretionary assets under management increased by $1.4 billion, or 6.8%, to $21.9 billion at December 31, 2023, from $20.5 billion at September 30, 2023.
  • Silvercrest’s total AUM increased by $2.1 billion, or 6.7%, to $33.3 billion at December 31, 2023, from $31.2 billion at September 30, 2023.
  • Silvercrest Asset Management Group Inc.’s total equity was $85.0 million at December 31, 2023.

City National Bank Names Adey Tesfaye as Head of Community Reinvestment Act (CRA) Department

Retrieved on: 
Monday, February 26, 2024
CRA, California Bank and Trust, Personal, Adey, Economic development, Investment, Community Reinvestment Act, City, Small business, Government, City National Bank, Sterling Bank, Local Initiatives Support Corporation, Organization, Community, HSBC

LOS ANGELES, Feb. 26, 2024 (GLOBE NEWSWIRE) -- City National Bank has named Adey Tesfaye as the new head of its Community Reinvestment Act (CRA) department.

Key Points: 
  • LOS ANGELES, Feb. 26, 2024 (GLOBE NEWSWIRE) -- City National Bank has named Adey Tesfaye as the new head of its Community Reinvestment Act (CRA) department.
  • City National is committed to investing in its communities through its CRA initiatives that include providing loans and investments for affordable housing and economic development.
  • “Adey’s wealth of experience in community reinvestment will help City National make a significant impact through our community development initiatives in areas that need it most,” said David Cameron, executive vice president of Personal & Business Banking, City National Bank.
  • Prior to City National, she worked at Sterling Bank & Trust, where she served as senior vice president and CRA officer.