Financial system

Orthofix Provides Executive Management Business Update and Appoints Julie Andrews as Chief Financial Officer

Retrieved on: 
Monday, January 8, 2024
Medical Devices, Health, Hospitals, Surgery, General Health, Biotechnology, Spine, Medtronic, Multimedia, CFO, Information technology, Extremities, Treasury, Interim, Financial system, Senior, Management

(NASDAQ: OFIX), a leading global spine and orthopedics company, today announced that effective immediately, Massimo Calafiore has assumed the role of President and Chief Executive Officer (CEO) and as a member of the Orthofix Board of Directors.

Key Points: 
  • (NASDAQ: OFIX), a leading global spine and orthopedics company, today announced that effective immediately, Massimo Calafiore has assumed the role of President and Chief Executive Officer (CEO) and as a member of the Orthofix Board of Directors.
  • In conjunction with Mr. Calafiore stepping into his role as CEO, the Company has announced the appointment of Julie Andrews as Chief Financial Officer.
  • Ms. Andrews previously served as CFO for Smart Wires Technology, where she led all finance, tax, treasury, accounting, information technology, and investor relations functions.
  • “Our search for these critical management roles was executed quickly and thoroughly, with many highly qualified candidates expressing interest in leading Orthofix.

Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2023 Financial Results on Wednesday, January 24

Retrieved on: 
Friday, January 5, 2024
Finance, Consulting, Banking, Professional Services, Asset Management, Financial system, Central Time, Cryptocurrency

Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2023 financial results on Wednesday, January 24, 2024.

Key Points: 
  • Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2023 financial results on Wednesday, January 24, 2024.
  • Alerus Financial Corporation will also host a conference call at 11:00 a.m. Central Time on Thursday, January 25, 2024, to discuss its financial results.
  • Analysts and institutional investors may participate in the question-and-answer session.

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Wednesday, December 20, 2023
SunTrust Banks, Financial system, Bank, JPMorgan Chase, Goldman Sachs, PNC, Bank of America, Wells Fargo, J. P. Morgan, State Street Corporation, Regions Financial Corporation, Citigroup, BNY Mellon, American Express, Fifth Third Bank, Morgan Stanley

TORONTO, Dec. 20, 2023 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.04858 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, Dec. 20, 2023 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.04858 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable January 10, 2024 to shareholders on record as at December 29, 2023.
  • 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.

Beam Global Appoints Lisa Potok as Chief Financial Officer

Retrieved on: 
Thursday, December 7, 2023
Hillsdale College, CFO, CPA, Fortune 500, FTD, Business administration, University of California, SAN, University, Beam Suntory, ProFlowers, Accounting, Advertising, Growth, E-Comm, Control, Transport, Financial system

SAN DIEGO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced that Lisa Potok has joined the Beam Global executive team as chief financial officer.

Key Points: 
  • SAN DIEGO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced that Lisa Potok has joined the Beam Global executive team as chief financial officer.
  • Ms. Potok is an innovative and strategically focused financial executive with Fortune 500, small and medium-sized company and international experience.
  • “Lisa Potok comes to us with international financial leadership experience at companies with revenues in the hundreds of millions and billions of dollars,” said Desmond Wheatley, CEO of Beam Global.
  • “I am thrilled to be joining an exciting and growing company like Beam Global,” said Lisa Potok, CFO at Beam Global.

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Monday, November 20, 2023
SunTrust Banks, Financial system, Bank, JPMorgan Chase, Goldman Sachs, PNC, Bank of America, Wells Fargo, J. P. Morgan, State Street Corporation, Regions Financial Corporation, Citigroup, BNY Mellon, American Express, Fifth Third Bank, Morgan Stanley

TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.04450 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.04450 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable December 8, 2023 to shareholders on record as at November 30, 2023.
  • 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.

Alerus Financial Corporation Sells $172.3M of Debt Securities and Uses Proceeds to Fund Loan Growth, Cut Borrowings

Retrieved on: 
Tuesday, December 19, 2023
Professional Services, Finance, Share repurchase, Investment, AFS, Financial system, Sale, Bank

On December 15, 2023, Alerus Financial Corporation (NASDAQ: ALRS) completed the sale of $172.3 million of available-for-sale securities (“AFS”).

Key Points: 
  • On December 15, 2023, Alerus Financial Corporation (NASDAQ: ALRS) completed the sale of $172.3 million of available-for-sale securities (“AFS”).
  • The sale resulted in a one-time pre-tax net loss of $24.7 million.
  • Proceeds from the sale will be reinvested into loans to new and existing clients throughout the communities the Company serves in addition to paying down borrowings.
  • The restructuring has no impact on tangible capital, improves the net interest margin and positions the company for higher earnings in 2024.

Alerus Financial Corporation Declares Cash Dividend on Common Shares and Announces New Stock Repurchase Program

Retrieved on: 
Thursday, December 14, 2023
Banking, Professional Services, Finance, Bank statement, Financial system, Holding company, Car rental

The Company also announced that its board of directors approved a new stock repurchase program (the “New Stock Repurchase Program”) which authorizes the Company to repurchase up to 1,000,000 shares of its common stock, subject to certain limitations and conditions.

Key Points: 
  • The Company also announced that its board of directors approved a new stock repurchase program (the “New Stock Repurchase Program”) which authorizes the Company to repurchase up to 1,000,000 shares of its common stock, subject to certain limitations and conditions.
  • The New Stock Repurchase Program will become effective on February 18, 2024, and will expire on February 18, 2027.
  • On February 18, 2024, the New Stock Repurchase Program will replace and supersede the Company’s existing stock repurchase program which was originally announced on February 22, 2021.
  • The New Stock Repurchase Program does not obligate the Company to repurchase any shares of its common stock and there is no assurance that the Company will do so.

Nikki Sorum, John Uribe Join Board of Directors for Alerus Financial Corporation

Retrieved on: 
Wednesday, December 13, 2023
Banking, Asset Management, Professional Services, Finance, Alerus, RedBrick Health, Economics, NCR Corporation, Harvard Business School, Organization, Blue Cross, McKinsey & Company, Financial system, Blue Shield, GE Commercial Finance, The Bakken, MBA, University, Indiana University Bloomington, Learn to Live, Indiana University, Knowledge, General Mills, Bakken Formation, Royal Bank of Canada, Management, Thrivent

Alerus Financial Corporation (Nasdaq: ALRS) is pleased to announce the addition of Nikki Sorum and John Uribe to its board of directors.

Key Points: 
  • Alerus Financial Corporation (Nasdaq: ALRS) is pleased to announce the addition of Nikki Sorum and John Uribe to its board of directors.
  • “We are honored to welcome these accomplished financial leaders to our board,” said Alerus CEO and President Katie Lorenson.
  • “Nikki and John have incredible depth of knowledge to contribute as we continue building on our company’s strong foundation.
  • Mr. Uribe brings more than 30 years of financial and strategic leadership experience with expertise in mergers and acquisitions, financial planning and analysis, and general management.

Citi Named World's Best Digital Bank and Best Corporate/Institutional Digital Bank for 2023 by Global Finance Magazine

Retrieved on: 
Thursday, November 30, 2023
Professional Services, Technology, Finance, Software, Banking, Internet, Yoy, Treasury, Global Finance (magazine), Investment, World Integrated Trade Solution, Intelligence, YTD, Financial system, Machine learning, API, Neobank, Digital, YOY, Digital Divide Data, Cryptocurrency, Citigroup

Citi has been named Best Digital Bank 2023 by Global Finance Magazine.

Key Points: 
  • Citi has been named Best Digital Bank 2023 by Global Finance Magazine.
  • Global Finance also named Citi Best Corporate/Institutional Digital Bank Globally, as well as best in several regional categories.
  • “With artificial intelligence and machine learning rapidly advancing, the standards for the best digital offerings are constantly evolving,” said Joseph Giarraputo, founder and editorial director of Global Finance.
  • “Global Finance’s Best Digital Bank awards honor those financial institutions blazing the digitalization way.”
    "Citi is honored to be recognized by Global Finance Magazine as the World's Best Digital Bank for 2023,” said Shahmir Khaliq, Citi’s Head of Services.

Saluda Medical Appoints Jim Erickson as Chief Financial Officer

Retrieved on: 
Thursday, December 14, 2023
Accounting, Ernst & Young, LLP, CFO, University, Wright Medical Center, Bachelor of Business Administration, Financial system, Marketing, Integrity management, Business administration, Integration, Management, Gustav Tornier

MINNEAPOLIS, Dec. 14, 2023 /PRNewswire/ -- Saluda Medical, Inc. ("Saluda Medical"), a global medical device company revolutionizing the field of neuromodulation with an emerging portfolio of therapies driven by advanced closed-loop technologies, today announced the appointment of Jim Erickson as Chief Financial Officer (CFO).

Key Points: 
  • MINNEAPOLIS, Dec. 14, 2023 /PRNewswire/ -- Saluda Medical, Inc. ("Saluda Medical"), a global medical device company revolutionizing the field of neuromodulation with an emerging portfolio of therapies driven by advanced closed-loop technologies, today announced the appointment of Jim Erickson as Chief Financial Officer (CFO).
  • "I am thrilled to welcome Jim to Saluda and believe his proven track record across several financial leadership roles and broad medical device industry experience will add significant value to our organization as we continue to build our innovative platform and grow commercial operations for our first indication," said Jim Schuermann, President & CEO of Saluda Medical.
  • "Saluda has an exciting future ahead and I am pleased to join such a remarkable team at this important juncture," said Jim Erickson, CFO of Saluda Medical.
  • Mr. Erickson brings more than 20 years of finance, accounting, and leadership experience to his new role at Saluda Medical.