M&T Bank

M&T Bank Spotlights Connecticut Small Businesses in Innovative Pop-Up Shop Concept at Captain's Cove Seaport

Retrieved on: 
Thursday, August 11, 2022 - 4:10pm

BRIDGEPORT, Conn., Aug. 11, 2022 /PRNewswire/ -- M&T Bank is bringing its innovative Spotlight Shop concept to Connecticut, providing local small businesses with an opportunity to market their unique products from a pop-up space in Bridgeport's popular Captain's Cove Seaport.

Key Points: 
  • BRIDGEPORT, Conn., Aug. 11, 2022 /PRNewswire/ -- M&T Bank is bringing its innovative Spotlight Shop concept to Connecticut, providing local small businesses with an opportunity to market their unique products from a pop-up space in Bridgeport's popular Captain's Cove Seaport.
  • Additional local small businesses will be added to both Spotlight Shops throughout the month-long stay at Captain's Cove.
  • "We are proud and happy to welcome M&T Bank's Spotlight Shop here to Captain's Cove Seaport," said Bruce Williams, vice president of Captain's Cove.
  • "The Spotlight Shop is a unique way to showcase small businesses in Connecticut and help them grow," said CBIA President and CEO, Chris DiPentima.

J.D. Power Identifies Key Behaviors for Auto Lender Sales Reps that Win Dealers’ Business in Tight Market

Retrieved on: 
Thursday, August 11, 2022 - 12:00pm

Power 2022 U.S. Dealer Financing Satisfaction Study,SM released today, five key sales rep behaviors can mean the difference between winning over dealers with above-and-beyond service or disappearing into the background.

Key Points: 
  • Power 2022 U.S. Dealer Financing Satisfaction Study,SM released today, five key sales rep behaviors can mean the difference between winning over dealers with above-and-beyond service or disappearing into the background.
  • Despite this huge competitive advantage, only 44% of sales reps manage to exceed dealer expectations.
  • Additionally, banks significantly improve year over year and outperform captive lenders in overall dealer satisfaction.
  • TD Auto Finance ranks highest in overall dealer satisfaction for a second consecutive year, with a score of 961.

MarineMax Expands Financial Flexibility with New Credit Facilities to Execute on Strategic Growth Opportunities

Retrieved on: 
Tuesday, August 9, 2022 - 2:04pm

With these new facilities and the organic liquidity that our cash flow from operations provides, MarineMax has further fortified our balance sheet and greatly enhances our financial flexibility.

Key Points: 
  • With these new facilities and the organic liquidity that our cash flow from operations provides, MarineMax has further fortified our balance sheet and greatly enhances our financial flexibility.
  • Substantially all of the lenders under the Credit Facilities have various other relationships with MarineMax and its subsidiaries.
  • In addition, some of the lenders under the Credit Facilities were also lenders under the aforementioned facilities that were replaced.
  • MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands.

ActionIQ and Its CMO Named One of Top Martech Companies in 2022 by Business Insider

Retrieved on: 
Monday, August 8, 2022 - 3:00pm

NEW YORK, Aug. 8, 2022 /PRNewswire/ -- ActionIQ , the leader in customer experience (CX) solutions, today announced that Business Insider has named ActionIQ as one of The Hottest Marketing Tech Companies of 2022 .

Key Points: 
  • NEW YORK, Aug. 8, 2022 /PRNewswire/ -- ActionIQ , the leader in customer experience (CX) solutions, today announced that Business Insider has named ActionIQ as one of The Hottest Marketing Tech Companies of 2022 .
  • The fourth annual list of executives who are shaping the future of martech includes Leah Pope, the AIQ Chief Marketing Officer.
  • To quote Business Insider, "The competition to standing out in marketing tech is intensifying."
  • The article continues, "For the fourth year in a row, Insider is recognizing the marketing tech companies shaking up the industry."

Rand Capital Reports 67% Increase in Total Investment Income for Second Quarter 2022

Retrieved on: 
Monday, August 8, 2022 - 11:55am

Rand Capital Corporation (Nasdaq: RAND) (Rand or the Company), a business development company providing alternative financing for lower middle market companies, announced its results for the second quarter ended June 30, 2022.

Key Points: 
  • Rand Capital Corporation (Nasdaq: RAND) (Rand or the Company), a business development company providing alternative financing for lower middle market companies, announced its results for the second quarter ended June 30, 2022.
  • Daniel P. Penberthy, President, and Chief Executive Officer of Rand, commented, We delivered another solid quarter of total investment income growth, which reflected our focused investment strategy and significant debt portfolio expansion over the past year.
  • Total investment income grew $542,000, or 67%, to $1.4 million primarily due to increased interest income from portfolio companies and higher dividend income.
  • Adjusted net investment income per share, a non-GAAP financial measure, which excludes the capital gains incentive fee accrual, was $0.29 for the second quarter of 2022 compared with $0.10 in the second quarter of 2021.

World's Most Successful Bike-a-thon, the Pan-Mass Challenge, Kicks Off 2022 Ride to Raise Record-Breaking $66 Million for Cancer Research

Retrieved on: 
Saturday, August 6, 2022 - 2:30pm

BOSTON, Aug. 6, 2022 /PRNewswire/ -- On Saturday, August 6 and Sunday, August 7, the Pan-Mass Challenge (PMC) will bring together more than 6,300 registered riders from around the globe for its 43rd ride with the goal of raising a record-breaking $66 million for cancer research and patient care at the world-renowned Dana-Farber Cancer Institute in Boston, Massachusetts. 

Key Points: 
  • If the PMC achieves its goal of raising $66 million this year, it will bring its total contributions to more than $897 million since 1980.
  • Cyclists from 8 countries and 43 states will participate in this year's ride, many in honor of a family member or friend fighting cancer.
  • The PMC has since raised $831 million for adult and pediatric patient care and cancer research at Dana-Farber Cancer Institute through the Jimmy Fund.
  • Dana-Farber Cancer Institute is one of the world's leading centers of cancer research and treatment.

Hersha Hospitality Trust Refinances Credit Facilities

Retrieved on: 
Friday, August 5, 2022 - 11:45am

PHILADELPHIA, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced the Company closed on the refinancing of a $500 million Senior Secured Credit Facility (the “Credit Facility”) and the closing of the first tranche of six of the previously announced disposition of seven non-core Urban Select Service properties (the “USS Portfolio”).

Key Points: 
  • The $500 million Credit Facility consists of a $400 million Term Loan and an undrawn $100 million revolving credit line.
  • The refinancing of our existing credit facilities sustains the significant efforts undertaken to optimize our balance sheet and provides additional flexibility to execute our business plan.
  • The Credit Facility refinancing in conjunction with the mortgage refinancings we completed in 2021 address our near-term maturities.
  • Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates luxury and lifestyle hotels in coastal gateway and resort markets.

M&T Bank Names Matthew Orrino Managing Director and Head of Institutional Commercial Real Estate Capital Markets

Retrieved on: 
Monday, August 1, 2022 - 2:00pm

NEW YORK, Aug. 1, 2022 /PRNewswire/ -- M&T Bank (NYSE: MTB) ("M&T") announced that Matthew T. Orrino has been named a Managing Director and head of Institutional Commercial Real Estate (CRE) Capital Markets at M&T Investment Banking. Hired by the Corporate & Investment Bank ("CIB"), Orrino will be focused on expanding M&T Bank's Institutional CRE Capital Markets solutions for its new and existing customer base and will be located in New York City.

Key Points: 
  • NEW YORK, Aug. 1, 2022 /PRNewswire/ -- M&T Bank (NYSE: MTB) ("M&T") announced that Matthew T. Orrino has been named a Managing Director and head of Institutional Commercial Real Estate (CRE) Capital Markets at M&T Investment Banking.
  • With operations across the United States, M&T Bank delivers a fully integrated offering of investment banking products, including real estate capital markets, loan capital markets, corporate securities underwriting and institutional loan sales and trading.
  • Bringing 20 years of transactional experience across diversified financial service organizations with him, Orrino will concentrate on commercial real estate debt capital markets within the Investment Bank and report to Hugh Giorgio, Managing Director and head of Debt Capital Markets for M&T Investment Banking.
  • Prior to joining M&T, Orrino was a Senior Vice President and head of Capital Markets at CoreVest American Finance.

Top Financial Services Organizations Choose Qualtrics to Enhance Experience Management, Operational Efficiency and Revenue Growth

Retrieved on: 
Monday, August 1, 2022 - 1:30pm

According to recent Qualtrics research , 65% of financial services customers have had to switch between two to three different channels (live chat, phone, in-person) to resolve their issue.

Key Points: 
  • According to recent Qualtrics research , 65% of financial services customers have had to switch between two to three different channels (live chat, phone, in-person) to resolve their issue.
  • Such high levels of friction push unnecessary cost into operations, at a moment in time when financial institutions are looking for expense reduction and efficiency.
  • In the second quarter, the following financial services organizations chose Qualtrics to create more human-centric experiences that better serve customers and employees:
    Lloyds Banking Group (LBG), the largest UK retail and commercial financial services provider, extended its relationship with Qualtrics to improve operational efficiency and help customers facing financial difficulty.
  • The PNC Financial Services Group, Inc. (PNC) is one of the largest diversified financial services institutions in the United States, organized around its customers and communities.

ActionIQ CX Hub Receives Product of the Year Award for Innovation Technology

Retrieved on: 
Wednesday, July 27, 2022 - 3:00pm

NEW YORK, July 27, 2022 /PRNewswire/ -- ActionIQ , the leader in customer experience (CX) solutions, today announced that the Business Intelligence Group named the AIQ CX Hub Product of the Year in the 2022 Sales and Marketing Technology Awards program, also known as The Sammys.

Key Points: 
  • NEW YORK, July 27, 2022 /PRNewswire/ -- ActionIQ , the leader in customer experience (CX) solutions, today announced that the Business Intelligence Group named the AIQ CX Hub Product of the Year in the 2022 Sales and Marketing Technology Awards program, also known as The Sammys.
  • The AIQ CX Hub received the Product of the Year Award in the Insights & Analysis category.
  • ActionIQ helps enterprises pull together fragmented customer insights and putting impactful CX in motion with an extensible AIQ CX Hub powered by a CDP.
  • "We are proud to receive the 2022 Product of the Year Sales & Marketing Technology Award in the Insights and Analysis category," said Tasso Argyros, Co-Founder and CEO at ActionIQ.