Federal government of the United States

Generational Capital Markets Advises Great Lakes Renewable Energy in its Sale to Lignetics

Friday, April 16, 2021 - 1:15pm

b"Generational Capital Markets , Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Great Lakes Renewable Energy, Inc. to Lignetics, Inc. (a holding of Taglich Private Equity, LLC).

Key Points: 
  • b"Generational Capital Markets , Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Great Lakes Renewable Energy, Inc. to Lignetics, Inc. (a holding of Taglich Private Equity, LLC).
  • The acquisition closed March 31, 2021.\nLocated in Hayward, Wisconsin, Great Lakes Renewable Energy (GLRE) is a wood pellet manufacturer specializing in BBQ wood pellets, primarily under the Lumber Jack Grilling Pellets brand.
  • For more information on TPE, visit https://taglichpe.com/ .\nGenerational Capital Markets\xe2\x80\x99 Senior Managing Director of Mergers & Acquisitions, Phil Pizzurro , successfully closed the deal.
  • Generational Capital wholly owns Generational Capital Markets, Inc ., Member FINRA/SIPC.

Farmers & Merchants Bank of Long Beach Reports 2021 First-Quarter Results

Thursday, April 15, 2021 - 1:05pm

b'Farmers & Merchants Bank of Long Beach (\xe2\x80\x9cF&M\xe2\x80\x9d or the \xe2\x80\x9cBank\xe2\x80\x9d) (OTCQB: FMBL) today reported financial results for the quarter ended March 31, 2021.\n\xe2\x80\x9cWe are pleased to report on an outstanding first quarter for 2021, as total assets surpassed the milestone $10 billion mark for the first time, and further increases were achieved in total deposits and net loans,\xe2\x80\x9d said Henry Walker, president of Farmers & Merchants Bank of Long Beach.

Key Points: 
  • b'Farmers & Merchants Bank of Long Beach (\xe2\x80\x9cF&M\xe2\x80\x9d or the \xe2\x80\x9cBank\xe2\x80\x9d) (OTCQB: FMBL) today reported financial results for the quarter ended March 31, 2021.\n\xe2\x80\x9cWe are pleased to report on an outstanding first quarter for 2021, as total assets surpassed the milestone $10 billion mark for the first time, and further increases were achieved in total deposits and net loans,\xe2\x80\x9d said Henry Walker, president of Farmers & Merchants Bank of Long Beach.
  • Non-interest-bearing deposits represented 38.1% of total deposits at March 31, 2021 compared with 37.9% at December 31, 2020.
  • Walker, Farmers & Merchants Bank provides white-glove service to clients at 25 branches across Orange County, Long Beach, the South Bay and Santa Barbara, as well as through its Online and Mobile Banking platforms.
  • Farmers & Merchants Bank is a California state-chartered bank with deposits insured by the Federal Deposit Insurance Corporation (Member FDIC) and an Equal Housing Lender.

Smiths Detection awarded U.S. Customs and Border Protection contract for drive-through X-ray inspection portals

Thursday, April 15, 2021 - 12:00pm

b'Smiths Detection, a global leader in threat detection and security screening technologies, today announces it has been awarded an indefinite-delivery-indefinite-quantity (IDIQ) contract with the U.S. Department of Homeland Security, Customs and Border Protection (CBP).

Key Points: 
  • b'Smiths Detection, a global leader in threat detection and security screening technologies, today announces it has been awarded an indefinite-delivery-indefinite-quantity (IDIQ) contract with the U.S. Department of Homeland Security, Customs and Border Protection (CBP).
  • The system also validates the shipping manifest, further reducing the need for time intensive manual checks.\nEquipped with a high-energy linear accelerator, the HCVP\xe2\x84\xa2Z60 provides advanced imaging performance and reliable detection of objects, even those hidden or concealed behind dense or heavy materials, with greater than 12 inches of steel penetration.
  • A single scan can provide rapid results, allowing for a high throughput of over 100 vehicles per hour.\nThis contract builds on the extensive deployment of this technology by Smiths Detection, with the successful installation of 80 HCVP \xe2\x84\xa2Z60 units to date globally.\nShan Hood, President of Smiths Detection Inc., said: \xe2\x80\x9cOur HCVP \xe2\x84\xa2Z60 is designed to meet the demands of the most complex security environments.
  • With the deployment of this system at Laredo in Texas, U.S. Customs and Border Protection will have the capabilities to efficiently identify and intercept threats and contraband without inhibiting the flow of goods.\xe2\x80\x9d\nAs with Smiths Detection\xe2\x80\x99s IDIQ contract with CBP for rail cargo inspection solutions, this agreement allows for additional orders of the HCVP\xe2\x84\xa2Z60 under a single contract over five years.\nSmiths Detection, part of Smiths Group, is a global leader in threat detection and screening technologies for aviation, ports and borders, defence and urban security markets.

New Principal® Survey: Many employers are concerned about employees’ retirement readiness

Thursday, April 15, 2021 - 2:00pm

View the full release here: https://www.businesswire.com/news/home/20210415005043/en/\n\xe2\x80\x9cThe latest findings showcase employers\xe2\x80\x99 continued dedication to supporting their employees\xe2\x80\x99 retirement readiness, as well as their overall financial wellness.

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210415005043/en/\n\xe2\x80\x9cThe latest findings showcase employers\xe2\x80\x99 continued dedication to supporting their employees\xe2\x80\x99 retirement readiness, as well as their overall financial wellness.
  • Given the important role played in helping workers save for retirement, Principal added employers to this quarter\xe2\x80\x99s Retirement Security Survey.
  • They share top reasons they continue to offer retirement plans, despite challenges posed by COVID:\nHalf of employers are concerned their employees are not planning enough to manage their savings and income in retirement.
  • Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., 800-247-1737, member SIPC and/or independent broker/-dealers.

Avidia Bank Announces Partnership with KyckGlobal For Next-Generation Treasury Management Products

Wednesday, April 14, 2021 - 5:09pm

b'Avidia Bank recently announced a partnership with KyckGlobal, Inc. to enhance its current portfolio of treasury management products and services.

Key Points: 
  • b'Avidia Bank recently announced a partnership with KyckGlobal, Inc. to enhance its current portfolio of treasury management products and services.
  • Avidia Bank currently offers a wide variety of services to businesses, including payment services, banking as a service, commercial credit solutions and a host of others.\nThis press release features multimedia.
  • Member FDIC | Member DIF\nKyckGlobal features a cloud-based technology layer featuring a growing array of high-value endpoints from which payment recipients may select.
  • In the new partnership with Avidia Bank, KyckGlobal will deliver an API-first solution to Avidia, providing the ability for Avidia\xe2\x80\x99s clients to access a near-instant payment type to add value to Avidia\xe2\x80\x99s current banking products and services.

Cross River Partners with SeedFi to Provide Access to Affordable Financial Products, Fueling Increased Economic Inclusion

Wednesday, April 14, 2021 - 11:30am

Cross River delivers the banking services to support these offerings, including savings accounts, ACH payment services and loan origination.\n\xe2\x80\x9cCross River fully supports and believes in SeedFi\xe2\x80\x99s mission to help Americans break the cycle of debt and realize their financial potential,\xe2\x80\x9d said Jim McGinley, co-founder and CEO of SeedFi.

Key Points: 
  • Cross River delivers the banking services to support these offerings, including savings accounts, ACH payment services and loan origination.\n\xe2\x80\x9cCross River fully supports and believes in SeedFi\xe2\x80\x99s mission to help Americans break the cycle of debt and realize their financial potential,\xe2\x80\x9d said Jim McGinley, co-founder and CEO of SeedFi.
  • \xe2\x80\x9cThe partnership will allow us to more efficiently deliver an exceptional suite of financial products to our customers.\xe2\x80\x9d\nAdditionally, Cross River has provided a $50 million debt facility, which will enable SeedFi to deliver greater and more efficient access to credit for its consumers nationwide.
  • Cross River is a New Jersey state-chartered FDIC insured bank.
  • For more information, please visit Cross River\xe2\x80\x99s website at www.crossriver.com or Twitter @crossriverbank.\nSeedFi is the financial health startup helping Americans build credit, save money, access funds, and plan for the future.

CACI Awarded $376 Million Task Order to Support USDA Supply Chain Management System

Wednesday, April 14, 2021 - 1:30pm

It supports USDA and USAID-administered food and nutrition assistance programs, including the National School Lunch Program, the global UN World Food Program, the Emergency Food Assistance Program, and the Farmers to Families Food Box program.

Key Points: 
  • It supports USDA and USAID-administered food and nutrition assistance programs, including the National School Lunch Program, the global UN World Food Program, the Emergency Food Assistance Program, and the Farmers to Families Food Box program.
  • Our culture of good character, innovation, and excellence drives our success and earns us recognition as a Fortune World's Most Admired Company.
  • Such statements are subject to factors that could cause actual results to differ materially from anticipated results.
  • Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.\n"

2021 Strategy Dossier on the World's 7 Leading Construction Equipment Manufacturers - Caterpillar, Komatsu, Volvo, CNH, John Deere, Hitachi and Kobelco - ResearchAndMarkets.com

Tuesday, April 13, 2021 - 6:23pm

b'The "Annual Strategy Dossier - 2021 - World\'s 7 Leading Construction Equipment Manufacturers - Caterpillar, Komatsu, Volvo, CNH, John Deere, Hitachi, Kobelco" report has been added to ResearchAndMarkets.com\'s offering.\nGlobal Construction Equipment Sales Fare Better than Expected in 2020 with Market Resistance led by China, Strong Demand likely in 2021 led by Fiscal Stimulus Measures & Global Economic Recovery - Proposed $2 Trillion U.S. Infrastructure Plan and Technological Evolution by Industry to Spearhead Demand Growth over Medium Term\nThe 2021 edition of the report analyses the overall strategy focus and provides Insights into & Comprehensive analysis of the Strategies & Plans being conceptualized & pursued by the World\'s 7 Leading Construction Equipment manufacturers for the near to medium term horizon.

Key Points: 
  • b'The "Annual Strategy Dossier - 2021 - World\'s 7 Leading Construction Equipment Manufacturers - Caterpillar, Komatsu, Volvo, CNH, John Deere, Hitachi, Kobelco" report has been added to ResearchAndMarkets.com\'s offering.\nGlobal Construction Equipment Sales Fare Better than Expected in 2020 with Market Resistance led by China, Strong Demand likely in 2021 led by Fiscal Stimulus Measures & Global Economic Recovery - Proposed $2 Trillion U.S. Infrastructure Plan and Technological Evolution by Industry to Spearhead Demand Growth over Medium Term\nThe 2021 edition of the report analyses the overall strategy focus and provides Insights into & Comprehensive analysis of the Strategies & Plans being conceptualized & pursued by the World\'s 7 Leading Construction Equipment manufacturers for the near to medium term horizon.
  • The Global Construction Equipment market witnessed a relatively limited impact from the outbreak of COVID-19 in 2020 albeit expectations of an impending market correction with the market resistance led clearly by the Chinese Construction Equipment market which clearly defied the contractionary trend witnessed globally by registering strong, double digit year on year gain in unit sales for 2020 spurred by the roll-out of stimulus measures by the Chinese government aimed at bolstering economy after an early recovery & resurgence from the lockdown in April 2020 itself.\nThe global demand for construction equipment is projected to register a steady recovery & growth over near to medium term with most key global economies likely to witness an uptick in demand following similar fiscal interventions likely to be pursued & sustained by governments across most regions going forward coupled with strong global economic recovery projections by the IMF for 2021 & 2022, led by the U.S., which is projected to exceed its pre-COVID economic growth momentum & clock 6.4% GDP growth for 2021.\nFurther, the massive, $2 trillion infrastructure plan just outlined by the Biden administration in early April 2021 geared towards comprehensive repair & rebuilding of roads, railroads, bridges & ports in the U.S. could turn out to be the much needed shot in the arm for the construction industry going forward and could take the market towards & even beyond the peak of 2018, and seen prior to that in 2011, once again, with an outlay of $115 billion planned towards repair of highways & bridges alone, if it gets approved by the Congress.
  • However, much of that will be contingent on the pace & trajectory of global macroeconomic recovery from the COVID-19 going forward, direction of U.S. policy posture towards global trade under Biden administration, sustainment of recovery in global crude oil as well as commodity prices, all of which will have a direct & significant bearing on the shape of the growth curve for the industry going forward.\n'

Principal Charity Classic, Sammons Financial Group Launch New Giving Program in Support of DE&I

Monday, April 12, 2021 - 6:32pm

Interested companies should contact the Principal Charity Classic at (515) 279-4653 for details on how to participate.\n\xe2\x80\x9cSammons Financial Group aligned with TDC in 2020 on a financial inclusion initiative.

Key Points: 
  • Interested companies should contact the Principal Charity Classic at (515) 279-4653 for details on how to participate.\n\xe2\x80\x9cSammons Financial Group aligned with TDC in 2020 on a financial inclusion initiative.
  • In 2020, the Principal Charity Classic raised a record $6.7 million for charity, bringing the tournament\xe2\x80\x99s giving total to more than $30 million since 2007.
  • A subsidiary of Sammons Enterprises, Inc. , Sammons Financial Group is privately owned with member companies that are among the most enduring and stable in the financial services industry.
  • Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., 888-774-6267, member SIPC and/or independent broker/-dealers.

President Biden Announces Intent to Nominate Sheppard Mullin Partner Jonathan Meyer as Department of Homeland Security General Counsel

Monday, April 12, 2021 - 5:56pm

b'President Joe Biden today announced his intent to nominate Sheppard, Mullin, Richter & Hampton LLP Washington, D.C. partner Jonathan Meyer to serve as General Counsel of the Department of Homeland Security (DHS).

Key Points: 
  • b'President Joe Biden today announced his intent to nominate Sheppard, Mullin, Richter & Hampton LLP Washington, D.C. partner Jonathan Meyer to serve as General Counsel of the Department of Homeland Security (DHS).
  • "\nIn November 2020, Meyer was tapped to help lead the DHS Agency Review Team for then President-Elect Biden and Vice President-Elect Harris.
  • Prior to joining Sheppard Mullin in 2016, Meyer spent 17 years in government, including as Counsel and Acting Chief Counsel to then Senator Biden, Deputy General Counsel and Senior Counselor in the Department of Homeland Security, and Deputy Assistant Attorney General at the Department of Justice (twice).
  • Since 1927, industry-leading companies have turned to Sheppard Mullin to handle corporate and technology matters, high-stakes litigation and complex financial transactions.