National Bank of Detroit

Farmers & Merchants Bancorp, Inc. Declares 2021 Second-Quarter Cash Dividend

Retrieved on: 
Wednesday, June 16, 2021
Regions of the United States, Economy of the United States, Banks of the United States, Subprime mortgage crisis, Huntington Bancshares, National Bank of Detroit

ARCHBOLD, Ohio, June 16, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of The Farmers & Merchants State Bank, with assets of $2.0 billion at March 31, 2021, today announced that it has approved the Companys quarterly cash dividend of $0.17 per share.

Key Points: 
  • ARCHBOLD, Ohio, June 16, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of The Farmers & Merchants State Bank, with assets of $2.0 billion at March 31, 2021, today announced that it has approved the Companys quarterly cash dividend of $0.17 per share.
  • The second quarter dividend is payable on July 20, 2021, to shareholders of record as of June 28, 2021.
  • About Farmers & Merchants Bancorp, Inc.:
    The Farmers & Merchants State Bank is a local independent community bank that has been serving Northwest Ohio and Northeast Indiana since 1897.
  • The Farmers & Merchants State Bank provides commercial banking, retail banking and other financial services.

Old National and First Midwest Announce Merger to Create a Premier Midwestern Bank

Retrieved on: 
Tuesday, June 1, 2021
Banking, Professional services, Finance, Regions of the United States, Economy of the United States, Banks of the United States, Old National Bank, ONB, First Midwest Bancorp, U.S. Bancorp, National Bank of Detroit, Old National, First Midwest, OLD NATIONAL, FIRST MIDWEST

Old National Bancorp (Old National) (NASDAQ: ONB) and First Midwest Bancorp, Inc. (First Midwest) (NASDAQ: FMBI), jointly announced today they have entered into a definitive merger agreement to combine in an all-stock merger of equals transaction with a total market value of $6.5 billion to create a premier Midwestern bank with $45 billion in combined assets.

Key Points: 
  • Old National Bancorp (Old National) (NASDAQ: ONB) and First Midwest Bancorp, Inc. (First Midwest) (NASDAQ: FMBI), jointly announced today they have entered into a definitive merger agreement to combine in an all-stock merger of equals transaction with a total market value of $6.5 billion to create a premier Midwestern bank with $45 billion in combined assets.
  • The new organization will operate under the Old National Bancorp and Old National Bank names, with dual headquarters in Evansville, Indiana and Chicago, Illinois.
  • The Board of Directors of the combined company will have 16 directors, consisting of 8 directors from Old National and 8 directors from First Midwest.
  • Old National Bancorp (NASDAQ: ONB), the holding company of Old National Bank, is the largest bank holding company headquartered in Indiana.

NORTHWEST INDIANA BANCORP ANNOUNCES CORPORATE NAME CHANGE TO FINWARD BANCORP

Retrieved on: 
Monday, May 24, 2021
Regions of the United States, Financial services, Minneapolis, Subprime mortgage crisis, U.S. Bancorp, National Bank of Detroit

MUNSTER, Ind., May 24, 2021 (GLOBE NEWSWIRE) -- NorthWest Indiana Bancorp, the holding company for Peoples Bank, today announced that the companys corporate name has been changed from NorthWest Indiana Bancorp to Finward Bancorp (OTC Pink: FNWD) (the Bancorp), effective Monday, May 24, 2021.

Key Points: 
  • MUNSTER, Ind., May 24, 2021 (GLOBE NEWSWIRE) -- NorthWest Indiana Bancorp, the holding company for Peoples Bank, today announced that the companys corporate name has been changed from NorthWest Indiana Bancorp to Finward Bancorp (OTC Pink: FNWD) (the Bancorp), effective Monday, May 24, 2021.
  • As previously announced, the name change reflects the growth and evolution of the Bancorp in recent years, and captures the dynamic forward movement in the business and strategic direction of the Bancorp.
  • The name change also reflects the Bancorps current geographic footprint, which encompasses not only Northwest Indiana but also South Suburban Chicagoland in Illinois.
  • Finward Bancorp is a locally managed and independent financial holding company headquartered in Munster, Indiana, whose activities are primarily limited to holding the stock of Peoples Bank.

Farmers & Merchants Bancorp, Inc. Declares 2021 First-Quarter Cash Dividend

Retrieved on: 
Friday, March 19, 2021
Financial services, Regions of the United States, Banks of the United States, Banking, Banq, Subprime mortgage crisis, Primary dealers, National Bank of Detroit

The first quarter dividend is payable on April 20, 2021, to shareholders of record as of March 31, 2021.

Key Points: 
  • The first quarter dividend is payable on April 20, 2021, to shareholders of record as of March 31, 2021.
  • About Farmers & Merchants Bancorp, Inc.:
    The Farmers & Merchants State Bank is a local independent community bank that has been serving Northwest Ohio and Northeast Indiana since 1897.
  • The Farmers & Merchants State Bank provides commercial banking, retail banking and other financial services.
  • Farmers & Merchants Bancorp, Inc. (F&M) wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995.

NORTHWEST INDIANA BANCORP PROPOSES CORPORATE NAME CHANGE TO FINWARD BANCORP

Retrieved on: 
Monday, February 8, 2021
Regions of the United States, Subprime mortgage crisis, JPMorgan Chase, U.S. Bancorp, Minneapolis, National Bank of Detroit

The name change also better reflects the Bancorps current geographic footprint, which encompasses not only Northwest Indiana but also South Suburban Chicagoland in Illinois.

Key Points: 
  • The name change also better reflects the Bancorps current geographic footprint, which encompasses not only Northwest Indiana but also South Suburban Chicagoland in Illinois.
  • The name Finward also reflects that the operating company, Peoples Bank, has expanded beyond its original core markets located in Northwest Indiana.
  • In connection with the name change, the Bancorp will seek to change its ticker symbol to FNWD.
  • A: We are proposing to change the name of the Bancorp to Finward Bancorp.

Customers Bancorp Listed in Kiplinger’s 6 Best Financial Stocks to Buy in 2021

Retrieved on: 
Tuesday, December 29, 2020
Banking, Professional services, Finance, Companies, Regions of the United States, JPMorgan Chase, National Bank of Detroit, Financial services in the United States

Customers Bancorp (NYSE:CUBI) was recently identified as one of the best financial stocks to buy in 2021 by Kiplinger.

Key Points: 
  • Customers Bancorp (NYSE:CUBI) was recently identified as one of the best financial stocks to buy in 2021 by Kiplinger.
  • In a span of ten years, Customers Bank has grown from a $250 million bank into a mobile-first technology-driven financial institution with assets of approximately $18.8 billion.
  • Customers Bancorp, Inc.s voting common shares are listed on the New York Stock Exchange under the symbol CUBI.
  • Customers Bancorp, Inc. does not undertake to update any forward-looking statement whether written or oral, that may be made from time to time by Customers Bancorp, Inc. or by or on behalf of Customers Bank, except as may be required under applicable law.

York Traditions Bank To Take Next Step In Evolution With Proposed Formation Of Holding Company

Retrieved on: 
Wednesday, December 23, 2020
Regions of the United States, Primary dealers, Subprime mortgage crisis, JPMorgan Chase, Minneapolis, U.S. Bancorp, National Bank of Detroit

Following approval, shareholders will exchange each share of their common stock of the Bank for one share of common stock of Traditions Bancorp.

Key Points: 
  • Following approval, shareholders will exchange each share of their common stock of the Bank for one share of common stock of Traditions Bancorp.
  • York Traditions Bank will then become a wholly owned subsidiary of Traditions Bancorp.
  • The same persons who serve on the Board of Directors of York Traditions Bank will also serve as Directors of the holding company.
  • Formed in 2002 with administrative headquarters in York, Pennsylvania, York Traditions Bank operates six full-service branch offices located in York and Hanover, as well as a loan production office in Cumberland County.

Customers Bancorp Provides Additional Information About BankMobile Divestiture

Retrieved on: 
Tuesday, December 22, 2020
Banking, Other Professional Services, Professional services, Finance, Jay Sidhu, Mergers and acquisitions, Financial services, Finance, Economy, JPMorgan Chase, Subprime mortgage crisis, National Bank of Detroit

As previously announced, Megalith, MFAC Merger Sub Inc. (Merger Sub) , Customers Bancorp, Customers Bank and BankMobile Technologies, Inc., (BankMobile) are parties to an Agreement and Plan of Merger (as amended to date, the Merger Agreement) providing for the merger of BankMobile with and into Merger Sub (the Merger), with Merger Sub surviving the Merger as a wholly-owned subsidiary of Megalith.

Key Points: 
  • As previously announced, Megalith, MFAC Merger Sub Inc. (Merger Sub) , Customers Bancorp, Customers Bank and BankMobile Technologies, Inc., (BankMobile) are parties to an Agreement and Plan of Merger (as amended to date, the Merger Agreement) providing for the merger of BankMobile with and into Merger Sub (the Merger), with Merger Sub surviving the Merger as a wholly-owned subsidiary of Megalith.
  • This press release is intended to provide information to Customers Bancorp shareholders and is not an offer to sell or the solicitation of an offer to buy any securities pursuant to the Merger or otherwise.
  • Customers Bancorp, Inc.s voting common shares are listed on the New York Stock Exchange under the symbol CUBI.
  • Customers Bancorp, Inc. does not undertake to update any forward-looking statement whether written or oral, that may be made from time to time by Customers Bancorp, Inc. or by or on behalf of Customers Bank, except as may be required under applicable law.

Farmers & Merchants Bancorp, Inc. Announces Acquisition of Ossian Financial Services, Inc.

Retrieved on: 
Monday, December 21, 2020
Banks of the United States, Regions of the United States, Economy of the United States, Bank, Economic history of Italy, Merchants National Corporation, National Bank of Detroit

After the transaction, F&M will operate 11 offices in Indiana with total deposits of $462 million and total loans of $445 million.

Key Points: 
  • After the transaction, F&M will operate 11 offices in Indiana with total deposits of $462 million and total loans of $445 million.
  • About Farmers & Merchants Bancorp, Inc.:
    Farmers & Merchants Bancorp, Inc., Archbold, Ohio, is the holding company of Farmers & Merchants State Bank (the Bank), which was established in 1897.
  • The Bank serves the financial needs of individuals, farmers, businesses, and industries by offering traditional banking products, as well as online, mobile and telephone banking products.
  • Ossian Financial Services, Inc., Ossian, Indiana, is the holding company of Ossian State Bank, which was established in 1912.

Customers Bancorp Announces Record Date For Conditional Special Distribution In Connection With BankMobile Divestiture

Retrieved on: 
Wednesday, December 9, 2020
Banking, Professional services, Finance, Jay Sidhu, Mergers and acquisitions, Financial services, Finance, Economy, JPMorgan Chase, National Bank of Detroit, Subprime mortgage crisis

Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank and its operating division BankMobile (collectively Customers), today announced that its Board of Directors has set December 18, 2020 as the record date for the previously announced conditional special distribution to be made to Customers Bancorp shareholders in connection with the pending transaction between Customers and Megalith Financial Acquisition Corp. (Megalith).

Key Points: 
  • Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank and its operating division BankMobile (collectively Customers), today announced that its Board of Directors has set December 18, 2020 as the record date for the previously announced conditional special distribution to be made to Customers Bancorp shareholders in connection with the pending transaction between Customers and Megalith Financial Acquisition Corp. (Megalith).
  • The distribution is contingent on the closing of the Merger Customers Bancorp shareholders will only receive shares in the distribution if the Merger is completed.
  • The shares of Megalith that Customers Bancorp shareholders receive in the distribution will not be immediately tradeable following the completion of the distribution.
  • The distribution of the shares of Megalith to Customers Bancorp shareholders will be taxable to Customers Bancorp shareholders as a qualified dividend to the extent of Customers Bancorps current and accumulated earning and profits.