PNC

Greenwood Raises $45 Million Funding Round Led by Pendulum and Announces Elevate, a New Career and Lifestyle Membership

Retrieved on: 
Thursday, December 1, 2022

Existing investors Bank of America, Citi Ventures, PNC, Popular, Truist Ventures, TTV Capital, and Wells Fargo also invested in this round.

Key Points: 
  • Existing investors Bank of America, Citi Ventures, PNC, Popular, Truist Ventures, TTV Capital, and Wells Fargo also invested in this round.
  • Greenwoods combined community across Greenwood, The Gathering Spot, A3C and Valence is over 1 million people and Greenwoods banking platform already has more than 100,000 customers.
  • Greenwood today also announces Elevate , a new membership to provide an all-access pass to take your career and lifestyle to the next level.
  • Greenwood Inc, includes The Gathering Spot, a private membership network and Valence, the career development and job recruiting platform.

Glenmede Announces Changes to Private Wealth Leadership

Retrieved on: 
Tuesday, November 29, 2022

Glenmede, a leading investment and wealth management firm overseeing more than $38 billion in assets under management, today announced that Susan Mucciarone, Executive Director of Private Wealth, will transition into a strategic advisory role at the end of December.

Key Points: 
  • Glenmede, a leading investment and wealth management firm overseeing more than $38 billion in assets under management, today announced that Susan Mucciarone, Executive Director of Private Wealth, will transition into a strategic advisory role at the end of December.
  • Thomas Melcher, who currently serves as Director of Family Wealth and the New York Metro Region, will lead the Private Wealth Group starting in January of 2023.
  • Over the course of Susans 12-year tenure, Glenmede has been transformed into a nationally recognized private wealth management firm with a robust family wealth offering and private clients in all 50 states, said Gordon Fowler, Glenmedes President and Chief Executive Officer.
  • Ms. Mucciarone joined Glenmede in 2010 and has worked diligently to strengthen Glenmedes Fiduciary Practices team, expand its Family Wealth business and use of Goals Based Wealth Management, and establish its Delaware Trust Company.

Andy Baker Named Regional President for F&M Bank Northern Indiana Market

Retrieved on: 
Monday, November 21, 2022

ARCHBOLD, Ohio, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Farmers & Merchants State Bank announced the appointment of Andy Baker as the Regional President for its Northern Indiana market.

Key Points: 
  • ARCHBOLD, Ohio, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Farmers & Merchants State Bank announced the appointment of Andy Baker as the Regional President for its Northern Indiana market.
  • Lars Eller, President and Chief Executive Officer stated, Andy has a long and proven history of building markets and his incredible leadership skills will benefit F&M as we look to enhance our Northern Indiana market.
  • Andy will be accountable for F&Ms Northern Indiana region from Fort Wayne, Indiana north to the Michigan border.
  • Andy brings over 27 years of banking experience, most recently as Executive Vice President and Market Manager for PNC.

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Friday, November 18, 2022

TORONTO, Nov. 18, 2022 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05658 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, Nov. 18, 2022 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05658 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable December 9, 2022 to shareholders on record as at November 30, 2022.
  • US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.

Humana Completes Aggregate $1.25 Billion Debt Offering

Retrieved on: 
Tuesday, November 22, 2022

Humana Inc. (the company) (NYSE: HUM) announced today the completion of its public offering of $1.25 billion in aggregate principal amount of senior notes.

Key Points: 
  • Humana Inc. (the company) (NYSE: HUM) announced today the completion of its public offering of $1.25 billion in aggregate principal amount of senior notes.
  • The company expects net proceeds from the Senior Notes Offerings will be approximately $1.232 billion after deducting underwriters discounts and estimated offering expenses.
  • This news release includes forward-looking statements regarding Humana within the meaning of the Private Securities Litigation Reform Act of 1995.
  • The ongoing, heightened uncertainty created by the pandemic precludes any prediction as to the ultimate adverse impact to Humana of COVID-19.

Harris Williams Advises Bregal in Connection with the Combination of Four Portfolio Companies to Form GENII Software Group

Retrieved on: 
Friday, November 18, 2022

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Bregal Unternehmerkapital Funds (Bregal) in connection with the combination of four portfolio companies, GUS Group (GUS), iptor, SHD, and PDV, to form GENII Software Group (GENII).

Key Points: 
  • Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Bregal Unternehmerkapital Funds (Bregal) in connection with the combination of four portfolio companies, GUS Group (GUS), iptor, SHD, and PDV, to form GENII Software Group (GENII).
  • The transaction was led by the Harris Williams Technology Group, including Thierry Monjauze, Mathew Tsui , Christopher Duerolf, and Ruben Pinheiro.
  • We look forward to following the continued success of the new GENII banner, said Thierry Monjauze, a managing director at Harris Williams.
  • Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

San Juan Basin Royalty Trust Declares Cash Distribution for November 2022

Retrieved on: 
Friday, November 18, 2022

The distribution is payable December 14, 2022, to the Unit Holders of record as of November 30, 2022.

Key Points: 
  • The distribution is payable December 14, 2022, to the Unit Holders of record as of November 30, 2022.
  • For the production month of September 2022, the owner of the Subject Interests, Hilcorp San Juan L.P. and the operator of the Subject Interests, Hilcorp Energy Company (collectively, Hilcorp), reported to the Trust net profits of $10,864,659 ($8,148,494 net royalty amount to the Trust).
  • Based upon the information that Hilcorp provided to the Trust, gas volumes for the Subject Interests for September 2022 totaled 1,995,001 Mcf (2,216,668 MMBtu), as compared to 2,076,429 Mcf (2,307,144 MMBtu) for August 2022.
  • Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements.

PNC EXECUTIVES TO SPEAK AT GOLDMAN SACHS CONFERENCE

Retrieved on: 
Tuesday, November 22, 2022

PITTSBURGH, Nov. 22, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance, strategy and banking at 1:00 p.m. (ET) Tuesday, Dec. 6, at the Goldman Sachs US Financial Services Conference in New York City.

Key Points: 
  • PITTSBURGH, Nov. 22, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance, strategy and banking at 1:00 p.m. (ET) Tuesday, Dec. 6, at the Goldman Sachs US Financial Services Conference in New York City.
  • The following will be accessible at www.pnc.com/investorevents : a link to the live webcast; related materials, including cautionary statements regarding forward-looking information, available prior to the start of the webcast; and a webcast replay available for 30 days.
  • The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.
  • For information about PNC, visit www.pnc.com .

MARC DIZARD NAMED CHIEF INVESTMENT STRATEGIST OF PNC ASSET MANAGEMENT GROUP

Retrieved on: 
Monday, November 21, 2022

PITTSBURGH, Nov. 21, 2022 /PRNewswire/ -- PNC Asset Management Group (AMG) has named Marc Dizard as its chief investment strategist.

Key Points: 
  • PITTSBURGH, Nov. 21, 2022 /PRNewswire/ -- PNC Asset Management Group (AMG) has named Marc Dizard as its chief investment strategist.
  • "Markets are dynamic, and the asset management industry is moving at warp speed," said Amanda Agati, chief investment officer for PNC AMG.
  • "I am honored and excited to join the AMG Investment Office as chief investment strategist," said Dizard.
  • The Asset Management Group offers personal asset management for high and ultra-high net worth individuals and families and institutional asset management services to corporations, healthcare systems, insurance companies, unions, municipalities and nonprofits.

TRUE LOVE FEELS STICKER SHOCK WITH A 10.5 PERCENT HIKE IN PNC CHRISTMAS PRICE INDEX

Retrieved on: 
Thursday, November 17, 2022

PITTSBURGH, Nov. 17, 2022 /PRNewswire/ -- True love costs a lot more this year, as record-high inflation drives PNC's 39th annual Christmas Price Index (PNC CPI) up 10.5%, the third highest year-over-year increase in the index's history.

Key Points: 
  • PITTSBURGH, Nov. 17, 2022 /PRNewswire/ -- True love costs a lot more this year, as record-high inflation drives PNC's 39th annual Christmas Price Index (PNC CPI) up 10.5%, the third highest year-over-year increase in the index's history.
  • Despite True Loves' generous intentions, the gifts that make up the PNC CPI are not well-insulated from what is being experienced across the broader economy."
  • This year, services in the PNC CPI, represented primarily by the performers, are up 14.5% while goods increased just 4.2%.
  • The annual PNC CPI tradition includes calculating the "True Cost of Christmas," which is the total cost of items bestowed by a True Love who repeats all the song's verses.