Kilpatrick Townsend & Stockton

Wireless Maritime Services Completes Transaction to Become Independent Platform

Retrieved on: 
Monday, October 17, 2022

Formed in 2005 and headquartered in Miramar, Florida, WMS provides maritime cellular networks enabling secure, high-performance connectivity at sea.

Key Points: 
  • Formed in 2005 and headquartered in Miramar, Florida, WMS provides maritime cellular networks enabling secure, high-performance connectivity at sea.
  • WMS existing management team will continue to lead to the business, which will now operate as an independent platform.
  • This transaction is an important milestone for WMS and were excited to partner with CCP to continue to deliver and innovate our best-in-class wireless offerings.
  • As award winning technology leaders, WMS enables digital transformation shaping the future of maritime by connecting people, data, and things through an exceptional wireless network experience.

Gouverneur Bancorp, Inc. Announces Completion of Citizens Bank of Cape Vincent Acquisition

Retrieved on: 
Monday, September 19, 2022

GOUVERNEUR, N.Y., Sept. 19, 2022 (GLOBE NEWSWIRE) -- Cambray Mutual Holding Company, Gouverneur Bancorp, Inc. (the Company) and Gouverneur Savings and Loan Association (collectively, Gouverneur) today announced that, effective as of September 16, 2022, Gouverneur has completed its acquisition of Citizens Bank of Cape Vincent (CBCV).

Key Points: 
  • GOUVERNEUR, N.Y., Sept. 19, 2022 (GLOBE NEWSWIRE) -- Cambray Mutual Holding Company, Gouverneur Bancorp, Inc. (the Company) and Gouverneur Savings and Loan Association (collectively, Gouverneur) today announced that, effective as of September 16, 2022, Gouverneur has completed its acquisition of Citizens Bank of Cape Vincent (CBCV).
  • We are excited to expand our presence in Jefferson County and the Lake Ontario, St. Lawrence River communities with the addition of branches in Cape Vincent, Chaumont and LaFargeville.
  • Gouverneur Savings & Loan Association has grown to five offices covering two counties to better serve our communities, and we welcome the customers and employees of Citizens Bank of Cape Vincent to the Gouverneur family.
  • These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

Oxford Industries, Owner of Tommy Bahama and Lilly Pulitzer, Announces Acquisition of Johnny Was

Retrieved on: 
Monday, September 19, 2022

Raises guidance due to the addition of Johnny Was and strong DTC sales at Tommy Bahama and Lilly Pulitzer.

Key Points: 
  • Raises guidance due to the addition of Johnny Was and strong DTC sales at Tommy Bahama and Lilly Pulitzer.
  • The addition of the Johnny Was brand to the Oxford portfolio further diversifies our business across fashion points of view, price points, seasons and geographies.
  • Rob Trauber, CEO of Johnny Was, added, We are delighted to be joining Oxford and their amazing portfolio of lifestyle brands.
  • Oxford Industries, Inc., a leader in the apparel industry, owns and markets the distinctive Tommy Bahama, Lilly Pulitzer, Johnny Was, Southern Tide, The Beaufort Bonnet Company and Duck Head lifestyle brands.

TorQuest Partners and Caisse de dépôt et placement du Québec complete the sale of Barrette Outdoor Living to CRH

Retrieved on: 
Monday, July 11, 2022

CLEVELAND, July 11, 2022 /PRNewswire/ - TorQuest Partners ("TorQuest"), Caisse de dpt et placement du Qubec ("CDPQ"), Les Entreprises Barrette Lte, management and co-investors successfully completed the previously announced sale of Barrette Outdoor Living, Inc. ("Barrette"), North America's leading provider of residential fencing and railing solutions, to CRH plc for an enterprise value of $1.9 billion.

Key Points: 
  • CLEVELAND, July 11, 2022 /PRNewswire/ - TorQuest Partners ("TorQuest"), Caisse de dpt et placement du Qubec ("CDPQ"), Les Entreprises Barrette Lte, management and co-investors successfully completed the previously announced sale of Barrette Outdoor Living, Inc. ("Barrette"), North America's leading provider of residential fencing and railing solutions, to CRH plc for an enterprise value of $1.9 billion.
  • Barrette is a North American leader in sustainable outdoor living solutions we are very grateful to Jean and all of the management and employees of Barrette for our partnership and wish them continued success with CRH."
  • CRH was represented by the law firm of Kilpatrick Townsend & Stockton LLP and Barrette was represented by Latham & Watkins, LLP and Torys LLP.
  • CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is the leading building materials business in the world, employing c.73,000 people at c.3,200 operating locations in 28 countries.

Modera Wealth Management Welcomes Laurie Vitali as Chief People Officer/Chief Human Resources Officer

Retrieved on: 
Tuesday, June 28, 2022

ATLANTA, June 28, 2022 /PRNewswire/ -- Modera Wealth Management, LLC is pleased to announce that Laurie Vitali has joined the firm as Chief People Officer and Chief Human Resources Officer.

Key Points: 
  • ATLANTA, June 28, 2022 /PRNewswire/ -- Modera Wealth Management, LLC is pleased to announce that Laurie Vitali has joined the firm as Chief People Officer and Chief Human Resources Officer.
  • "We are very excited to bring Laurie into our Modera family," said Tom Orecchio, Chief Executive Officer, Principal, and Wealth Manager at Modera Wealth Management, LLC.
  • "Laurie and Modera are 100% aligned in our commitment to hire, develop, and retain exceptional talent across Modera.
  • Laurie's deep talent management experience and her contagious positive energy will be instrumental in successfully leading these efforts for us."

Northfield Bancorp, Inc. Completes Private Placement of $62.0 Million of Subordinated Notes

Retrieved on: 
Friday, June 17, 2022

WOODBRIDGE, N.J., June 17, 2022 (GLOBE NEWSWIRE) -- NORTHFIELD BANCORP, INC. (Nasdaq:NFBK) (the Company),the holding company for Northfield Bank, announced today the completion of a private placement offering of 5.00% Fixed-to-Floating Rate Subordinated Notes due 2032 (the Notes), in the aggregate principal amount of $62.0 million, to certain qualified institutional buyers.

Key Points: 
  • WOODBRIDGE, N.J., June 17, 2022 (GLOBE NEWSWIRE) -- NORTHFIELD BANCORP, INC. (Nasdaq:NFBK) (the Company),the holding company for Northfield Bank, announced today the completion of a private placement offering of 5.00% Fixed-to-Floating Rate Subordinated Notes due 2032 (the Notes), in the aggregate principal amount of $62.0 million, to certain qualified institutional buyers.
  • The Notes are intended to qualify as Tier 2 capital for the Company for regulatory capital purposes.
  • The Notes initially bear interest, payable semi-annually in arrears, at a fixed rate of 5.00% per annum until June 30, 2027.
  • The Company has the option to redeem the Notes, at par and in whole or in part, beginning on June 30, 2027.

Sandy Spring Bancorp Sells Insurance Business

Retrieved on: 
Thursday, June 2, 2022

OLNEY, Md., June 02, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, today announced it has sold its insurance business to Hub International Limited, a leading global insurance brokerage and financial services firm.

Key Points: 
  • OLNEY, Md., June 02, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, today announced it has sold its insurance business to Hub International Limited, a leading global insurance brokerage and financial services firm.
  • Our clients will now have access to an expanded offering of insurance solutions through Hub, said Lou Caceres, Executive Vice President of Sandy Spring Bank.
  • All of the Sandy Spring Insurance Corporation employees have been offered positions with Hub, and they will continue to provide outstanding service to their clients as they always have.
  • Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region.

Draganfly Announces John Mitnick as Chairman of the Board

Retrieved on: 
Monday, May 9, 2022

We are thrilled that John Mitnick has accepted the position of Chairman of the Board of Draganfly.

Key Points: 
  • We are thrilled that John Mitnick has accepted the position of Chairman of the Board of Draganfly.
  • Johns experience is unparalleled as to how he can help Draganfly achieve its strategic growth targets and drive shareholder value.
  • This is an exciting time for Draganfly in its evolution, said Mr. Chell.
  • John M. Mitnick, a member of the board of directors of the Company (the Board) since June 2020, has been appointed Chairman of the Board.

Ocean Tomo Managing Director Justin Lewis to Speak at the San Francisco Intellectual Property Law Association Webinar

Retrieved on: 
Thursday, May 5, 2022

SAN FRANCISCO, May 5, 2022 /PRNewswire-PRWeb/ -- Ocean Tomo Managing Director, Justin Lewis, will be speaking at "A Discussion of the Utility of Surveys in Patent Cases". The webinar, hosted by the San Francisco Intellectual Property Law Association (SFIPLA) will take place on May 11, 2020, from 11am-12pm PST.

Key Points: 
  • SAN FRANCISCO, May 5, 2022 /PRNewswire-PRWeb/ -- Ocean Tomo Managing Director, Justin Lewis, will be speaking at "A Discussion of the Utility of Surveys in Patent Cases".
  • The webinar, hosted by the San Francisco Intellectual Property Law Association (SFIPLA) will take place on May 11, 2020, from 11am-12pm PST.
  • The panelists are Justin Lewis (Ocean Tomo, a Part of J.S.
  • He is a Managing Director in the Intellectual Property Disputes Financial Expert Testimony practice and leads the San Francisco office of Ocean Tomo, a Part of J.S.

Columbia Financial, Inc. Announces Completion of RSI Bank Acquisition

Retrieved on: 
Monday, May 2, 2022

FAIR LAWN, N.J., May 02, 2022 (GLOBE NEWSWIRE) -- Columbia Bank MHC, Columbia Financial, Inc. (NASDAQ: CLBK) and Columbia Bank (collectively, Columbia) announced today that Columbia has completed its acquisition of RSI Bancorp, M.H.C., RSI Bancorp, Inc. and RSI Bank (collectively, RSI), effective as of May 1, 2022.

Key Points: 
  • FAIR LAWN, N.J., May 02, 2022 (GLOBE NEWSWIRE) -- Columbia Bank MHC, Columbia Financial, Inc. (NASDAQ: CLBK) and Columbia Bank (collectively, Columbia) announced today that Columbia has completed its acquisition of RSI Bancorp, M.H.C., RSI Bancorp, Inc. and RSI Bank (collectively, RSI), effective as of May 1, 2022.
  • At the effective time of the merger, RSI Bank was merged with and into Columbia Bank and depositors of RSI Bank became depositors of Columbia Bank, with the same rights and privileges in Columbia Bank MHC as if their accounts had been established in Columbia Bank on the date established at RSI Bank.
  • The former directors of RSI Bank will have authority over grants made from the RSI Bank fund and will stipulate the areas of focus and donees for grants and donations made from the RSI Bank fund.
  • Columbia Financial, Inc. is a Delaware corporation organized as the mid-tier stock holding company for Columbia Bank and Freehold Bank.