Rosemont, Illinois

Verilife Expands in Illinois with the Opening of a New Cannabis Dispensary in Rosemont

Retrieved on: 
Thursday, February 25, 2021
Rosemont, Illinois, Rosemont, Lerner Newspapers, Illinois, Railway stations, United States

"Our team looks forward to providing high-quality products and service to the Rosemont community," said Bill McMenamy, President of Verilife.

Key Points: 
  • "Our team looks forward to providing high-quality products and service to the Rosemont community," said Bill McMenamy, President of Verilife.
  • The Rosemont location marks the fifth Verilife dispensary in the state of Illinois, and PharmaCann further plans to open additional locations in Galena, Chicago's River North neighborhood and Schaumburg.
  • "As we expand our presence in Illinois, we are pleased to become active members of the Rosemont business community,'' said Brett Novey, CEO of PharmaCann.
  • Existing Verilife dispensaries in Illinois are located in Arlington Heights, North Aurora, Ottawa, and Romeoville.

Smart Foodservice Warehouse Stores to Become US Foods CHEF’STORE

Retrieved on: 
Monday, February 15, 2021
Restaurant, Bar, Food, Beverage, Other Retail, Retail, Supermarket, Retailing, Retailers, Rosemont, Illinois, US Foods, Smart Foodservice Warehouse Stores, Service companies, Foodservice, Warehouse store, Sexton Foods, Smart & Final

US Foods Holding Corp. (NYSE: USFD) announced that effective March 1, Smart Foodservice Warehouse Stores will be rebranded as US Foods CHEFSTORE.

Key Points: 
  • US Foods Holding Corp. (NYSE: USFD) announced that effective March 1, Smart Foodservice Warehouse Stores will be rebranded as US Foods CHEFSTORE.
  • US Foods acquired Smart Foodservice Warehouse Stores in April 2020 to accelerate growth in the cash and carry market.
  • Our new CHEFSTORE branding represents the next step in our continued partnership with US Foods, said Derek Jones, president, US Foods CHEFSTORE.
  • Smart Foodservice Warehouse Stores and US Foods share a commitment to providing best-in-class service to our broad customer base which includes restaurant operators and foodservice professionals.

Cybex Agrees to Pay $7.95 Million Civil Penalty for Failure to Report Serious Injuries Involving its Exercise Equipment

Retrieved on: 
Thursday, February 11, 2021
Brunswick Corporation, Rosemont, Illinois, Cybex International, U.S. Consumer Product Safety Commission, CPSC, Consumer Product Safety Act, Units of time

The U.S. Consumer Product Safety Commission (CPSC) announced that Cybex International, Inc., a New York corporation, has agreed to pay a $7.95 million civil penalty.

Key Points: 
  • The U.S. Consumer Product Safety Commission (CPSC) announced that Cybex International, Inc., a New York corporation, has agreed to pay a $7.95 million civil penalty.
  • Cybex received 85 reports of broken handles, including reports of serious injuries and one report of permanent vision loss, but the fitness equipment manufacturer did not notify the CPSC immediately of the defect or risk.
  • Cybex recalledthe Arm Curl Machines on August 25, 2015, and subsequently recalled the Smith Press Machines on August 29, 2018.
  • In addition to paying the $7.95 million civil penalty, Cybex has agreed to maintain an enhanced compliance program to ensure compliance with the Consumer Product Safety Act (CPSA).

Popular, Inc. Declares Dividend on Preferred Stock, Announces Distribution on Trust Preferred Securities

Retrieved on: 
Friday, February 5, 2021
Banking, Professional services, Finance, Corporate finance, Financial markets, Finance, Financial economics, Popular, Inc., Rosemont, Illinois, Trust-preferred security, PUERTO RICO, Preferred stock, Income trust

The Corporation also announced the following monthly distributions on its outstanding Trust Preferred Securities:

Key Points: 
  • The Corporation also announced the following monthly distributions on its outstanding Trust Preferred Securities:
    a monthly distribution of $0.139583 per security of 6.700% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust I, payable on March 1, 2021 to holders of record as of February 15, 2021; and
    a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on March 1, 2021 to holders of record as of February 15, 2021.
  • Popular, Inc. (NASDAQ: BPOP) is the leading financial institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets.
  • Founded in 1893, Banco Popular de Puerto Rico, Populars principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands.
  • Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries.

Wintrust Financial Corporation Announces Cash Dividends, Increasing Quarterly Common Stock Dividend Rate by 10.7%

Retrieved on: 
Thursday, January 28, 2021
Financial markets, Finance, Corporate finance, Dividends, Rosemont, Illinois, Wintrust Financial, NASDAQ, Stock

ROSEMONT, Ill., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (Wintrust or the Company) (Nasdaq: WTFC) today announced that the Companys Board of Directors approved a quarterly cash dividend of $0.31 per share of outstanding common stock.

Key Points: 
  • ROSEMONT, Ill., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (Wintrust or the Company) (Nasdaq: WTFC) today announced that the Companys Board of Directors approved a quarterly cash dividend of $0.31 per share of outstanding common stock.
  • The dividend is payable on February 25, 2021 to shareholders of record as of February 11, 2021.
  • This represents an increase of approximately 10.7% from the $0.28 quarterly cash dividend paid in each of the quarters of 2020.
  • Wintrust is a financial holding company with assets of over $45 billion whose common stock is traded on the NASDAQ Global Select Market.

Uneven Recovery in U.S. Foodservice Sector Implies the Same for Animal Protein

Retrieved on: 
Wednesday, January 27, 2021
Rosemont, Illinois, US Foods, Livestock, Poultry, Investment, Financial markets, Finance

Trends in consumer demand for at-home and away-from-home consumption are central to the profitability and viability of the U.S. animal protein supply chain, said Will Sawyer , lead animal protein economist with CoBank.

Key Points: 
  • Trends in consumer demand for at-home and away-from-home consumption are central to the profitability and viability of the U.S. animal protein supply chain, said Will Sawyer , lead animal protein economist with CoBank.
  • As the U.S. foodservice sector climbs out of the hole left by 2020, the animal protein sector will not only need to realign itself with the survivors of the last year, but also remain flexible.
  • The importance of individual foodservice channels varies significantly by animal protein species and by producer.
  • In the poultry sector, however, many integrators and poultry plants focus either on retail or foodservice, but not necessarily both.

Terrapin Technologies Launches Trade Surveillance Solution in partnership with Wintrust Wealth Management

Retrieved on: 
Tuesday, January 19, 2021
Testudines, Cryptodira, Testudinoidea, Rosemont, Illinois, Wintrust Financial, Terrapin

MINNEAPOLIS, Jan. 19, 2021 /PRNewswire-PRWeb/ -- Terrapin Technologies today announced a new trade surveillance solution in partnership with Wintrust Wealth Management.

Key Points: 
  • MINNEAPOLIS, Jan. 19, 2021 /PRNewswire-PRWeb/ -- Terrapin Technologies today announced a new trade surveillance solution in partnership with Wintrust Wealth Management.
  • "Terrapin Technologies has been a great partner in the development of this product," said Elliott Silver, Chief Compliance Officer at Wintrust Wealth Management.
  • "The solution has been extremely helpful in monitoring direct-to-fund and annuity transactions, as well as enhancing our Reg BI surveillance."
  • "At Terrapin Technologies, we have an unyielding commitment to our clients' success, and we work with them to understand their challenges and provide practical solutions," said Kristefor Lysne, President of Terrapin Technologies.

Wintrust Commercial Banking creates new Money Service Exchange Group

Retrieved on: 
Friday, January 15, 2021
Financial services, Finance, Service industries, Rosemont, Illinois, Wintrust Financial, Bank, Remote deposit, Online banking

ROSEMONT, Ill., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Wintrust Commercial Banking announced the creation of a new division, Wintrust Money Service Exchange Group, to focus on supporting businesses within the money service business industry.

Key Points: 
  • ROSEMONT, Ill., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Wintrust Commercial Banking announced the creation of a new division, Wintrust Money Service Exchange Group, to focus on supporting businesses within the money service business industry.
  • Forming this new group, under Carol Anns leadership, allows us to provide specialized support to businesses in the money service exchange market, and Im confident the group will be a great addition to our services.
  • Wintrust Money Service Exchange Group will offer a full suite of treasury management solutions, including currency ordering and processing, remote deposit capture, returned item processing, electronic banking, and fraud prevention tools.
  • I think its a win for both the money service exchange industry as well as for Wintrust.

Greenwoods to Acquire Three Branch Locations of Town Bank

Retrieved on: 
Thursday, January 14, 2021
Rosemont, Illinois, Wintrust Financial, Greenwoods, Companies, Service companies

ROSEMONT, Ill., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (Wintrust) (Nasdaq: WTFC) and Greenwoods Financial Group, Inc., the parent company of The Greenwoods State Bank (Greenwoods), today announced a signed branch purchase and assumption agreement for three southwestern Wisconsin branch locations of Wintrusts wholly-owned subsidiary Town Bank, N.A.

Key Points: 
  • ROSEMONT, Ill., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (Wintrust) (Nasdaq: WTFC) and Greenwoods Financial Group, Inc., the parent company of The Greenwoods State Bank (Greenwoods), today announced a signed branch purchase and assumption agreement for three southwestern Wisconsin branch locations of Wintrusts wholly-owned subsidiary Town Bank, N.A.
  • Through this transaction, subject to final adjustments, Greenwoods will assume approximately $80 million of deposits and acquire the bank facilities, and various other assets.
  • Jay C. Mack, President and CEO of Town Bank, said, This transaction will allow us to focus our efforts on our primary markets.
  • Greenwoods has the technology products of a larger bank but delivers its products and services with a hometown community bank style.

Winsight's New FSD Community Set to Launch on March 23

Retrieved on: 
Monday, January 11, 2021
Rosemont, Illinois, US Foods

CHICAGO, Jan. 11, 2021 /PRNewswire/ -- Winsight and FoodService Director, the leading noncommercial foodservice media brand of Winsight, are excited to add the FSD Community to its product portfolio.

Key Points: 
  • CHICAGO, Jan. 11, 2021 /PRNewswire/ -- Winsight and FoodService Director, the leading noncommercial foodservice media brand of Winsight, are excited to add the FSD Community to its product portfolio.
  • "Noncommercial operators are foodservice professionals who are always seeking new ideas and best practices to improve their operations.
  • As a member of the FSD Community, noncommercial foodservice operators and suppliers will have exclusive access to:
    Interviews with noncommercial industry experts and presentations from FoodService Director editors.
  • To learn more about FSD Community, visit https://www.foodservicedirector.com/community/fsdc
    Winsight LLC is a business-to-business information company serving the restaurant and noncommercial foodservice, convenience and petroleum retailing and grocery industries.