Oak Ridge

Oak Ridge Financial Services, Inc. Announces Third Quarter 2023 Results and Quarterly Cash Dividend of $0.10 Per Share

Retrieved on: 
Thursday, October 26, 2023
Sale, Bank, Oak Ridge, Federal Home Loan Banks, Small business, Small Business Administration, OAK, Safety, Investment, Video game, Arms industry, Cryptocurrency, Real estate

OAK RIDGE, N.C., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the third quarter of 2023 and a quarterly cash dividend of $0.10 per common share.

Key Points: 
  • OAK RIDGE, N.C., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the third quarter of 2023 and a quarterly cash dividend of $0.10 per common share.
  • Earnings per share of $0.55, compared to $0.54 in the linked quarter and $0.59 for the third quarter of 2022.
  • Net interest margin of 3.84%, compared to 3.89% in the linked quarter and 4.10% for the third quarter of 2022.
  • Noninterest expense increased $198,000, or 4.5%, to $4.6 million for the third quarter of 2023 compared with the year-ago quarter.

Fresh Vine Wine, Inc. Submits Plan of Compliance to NYSE American

Retrieved on: 
Tuesday, October 17, 2023
NYSE, Acquisition, Wine, Interim, VINE, Oak Ridge, NYSE American, Nature

MINNEAPOLIS, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Fresh Vine Wine, Inc. (NYSE American: VINE) today announced that it has submitted a plan of compliance to NYSE American LLC (“NYSE American”) addressing how the Company intends to regain compliance with NYSE American’s minimum stockholders’ equity requirements for continued listing.

Key Points: 
  • MINNEAPOLIS, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Fresh Vine Wine, Inc. (NYSE American: VINE) today announced that it has submitted a plan of compliance to NYSE American LLC (“NYSE American”) addressing how the Company intends to regain compliance with NYSE American’s minimum stockholders’ equity requirements for continued listing.
  • If the Company’s plan is accepted by NYSE American, the Company will have until March 8, 2025 to regain compliance (or sooner if the NYSE American determines that the nature and circumstances of the Company’s continued listing status warrant a shorter period of time) and will be subject to periodic NYSE American reviews, including quarterly monitoring for compliance with the plan.
  • In addition, if the plan is accepted by NYSE American, but the Company is not in compliance with the continued listing standards by compliance deadline, or if the Company does not make progress consistent with the plan, the Company will be subject to delisting proceedings.
  • We have and continue to evaluate, a number of opportunities that we believe would allow us to regain compliance with the NYSE American continued listing requirements and create value for our shareholders.”

Department of Energy Funds New Center at Argonne for Decarbonization of Steelmaking: Reimagining the Steel Production Process

Retrieved on: 
Friday, September 29, 2023
Environmental Health, Technology, Public Policy, Government, Science, Other Energy, Steel, Alternative Energy, Energy, Green Technology, Research, White House, Federal Government, University, Manufacturing, Sustainability, Education, Environment, Artificial Intelligence, Oak Ridge, U.S. Department of Defense Strategy for Operating in Cyberspace, Electricity, Intelligence, Oak Ridge Leadership Computing Facility, Case Western Reserve University, Temperature, University of Illinois Chicago, DOE, Purdue University Northwest, Chicago, University of Illinois Urbana-Champaign, Argonne, Iron, Northern Illinois University, Argonne National Laboratory, Oak Ridge National Laboratory, U.S. Department of Energy, Office of Inspector General, Oil, Lithium

The U.S. Department of Energy (DOE) recently announced $19 million in funding over four years for DOE’s Argonne National Laboratory to lead the multi-institutional Center for Steel Electrification by Electrosynthesis (C-STEEL).

Key Points: 
  • The U.S. Department of Energy (DOE) recently announced $19 million in funding over four years for DOE’s Argonne National Laboratory to lead the multi-institutional Center for Steel Electrification by Electrosynthesis (C-STEEL).
  • C-STEEL is a key project of the DOE's Industrial Heat Energy Earthshot initiative , which aims to significantly cut emissions from the energy-intensive process of industrial heating.
  • The most energy-intensive step in steel production involves converting iron ore into purified iron metal or iron alloys using blast furnaces.
  • The energy for this process is low enough that it could be provided by renewables or waste heat from a nuclear reactor.

ComEd, Regional Partners Win $500,000 Federal Award to Advance Planning for Electric Vehicles in Northern Illinois

Retrieved on: 
Thursday, September 28, 2023
Climate Change, EV, Electric Vehicles, Automotive, Utilities, Research, Green Technology, Oil, Gas, Alternative Energy, Environment, Energy, Science, U.S. Department of Energy, Office of Inspector General, Commonwealth, Commonwealth Edison, National Renewable Energy Laboratory, Oak Ridge, Chicago Metropolitan Agency for Planning, Asthma, Travel, Partnership, Respiratory Health Association, U.S. Department of Defense Strategy for Operating in Cyberspace, Electricity, Chronic lung disease, GHG, Carbon, DOE, Mechanical, EVS, Exelon, Vehicle registration plates of Nepal, EXC, Argonne, CMAP, Climate change, RHA, Elevate, Growth, Transport, Air pollution, Renewable energy, C2C

The $500,000 federal award will support regional efforts to understand and inform strategies to reduce greenhouse gas emissions and boost the adoption of all-electric transportation options, including electric vehicles (EVs), to achieve a federal goal of net-zero carbon emissions by 2050.

Key Points: 
  • The $500,000 federal award will support regional efforts to understand and inform strategies to reduce greenhouse gas emissions and boost the adoption of all-electric transportation options, including electric vehicles (EVs), to achieve a federal goal of net-zero carbon emissions by 2050.
  • “With our partners, CMAP will be able to better inform its work around regional climate action planning to establish transportation emission reduction targets.
  • And most importantly, help our region attain its climate goals and substantial health benefits for our communities,” said CMAP Executive Director Erin Aleman.
  • ComEd also recently teamed up with regional partners, the Illinois Green Alliance and Elevate, to launch the new Building Performance Hub , an effort to advance sustainable building practices, and also supported by the DOE.

Marstone and Jack Henry Collaboration Combines Seamless Access to Digital Wealth and Digital Banking

Retrieved on: 
Tuesday, September 26, 2023
Software, Technology, Banking, Professional Services, JKHY, Oak Ridge, Partnership, SSO, History, Investment, Equity Bank, Ecosystem, Bank, Pan American Bank, Cryptocurrency, Bancolombia, Amer Shomali, Edgar L. Marston

Marstone, Inc. , a leading digital wealth technology firm, today announced its collaboration with Jack Henry™ (Nasdaq: JKHY).

Key Points: 
  • Marstone, Inc. , a leading digital wealth technology firm, today announced its collaboration with Jack Henry™ (Nasdaq: JKHY).
  • The partnership allows bank customers who use Jack Henry’s Banno™ digital banking platform to also access Marstone’s digital wealth platform via a single sign-on (SSO).
  • Marstone leveraged the Banno Digital Toolkit™, the same set of APIs the Banno Digital Platform™ is built on, to embed its technology into the digital experiences offered by community and regional financial institutions.
  • Access to Jack Henry’s API, design and authenticated frameworks has enabled Marstone to directly integrate into the digital banking platform, providing a seamless banking experience.

Equity Bank, Marstone Announce Partnership to Enhance Customers’ Digital Investing

Retrieved on: 
Tuesday, September 12, 2023
Professional Services, Technology, Finance, Software, Banking, Digital Cash Management, Digital Assets, Oak Ridge, Partnership, Equity, Wealth management, Equity Bank, Growth, Bank, Registered investment adviser, NYSE, Pan American Bank, Financial services, Amer Shomali, Edgar L. Marston

Marstone, Inc. , a leading digital wealth technology firm, today announced its partnership with Equity Bank , to help make personal investing simpler for the Bank’s customers.

Key Points: 
  • Marstone, Inc. , a leading digital wealth technology firm, today announced its partnership with Equity Bank , to help make personal investing simpler for the Bank’s customers.
  • With the partnership, Marstone will provide its turnkey digital wealth management platform and Wealth Management-as-a-Service offering (through its Registered Investment Advisor) to the growing community bank.
  • This new investment offering aims to increase Equity Bank’s customer retention and expansion efforts.
  • Equity Bank is a subsidiary of Equity Bancshares, Inc. (NYSE: EQBK), which operates 66 bank locations across Kansas, Missouri, Arkansas, and Oklahoma, and comprises more than $5 billion in assets.

Ramaco Resources Announces Substantial Expansion of Brook Mine Rare Earth Elements Exploration Target, Board Approval for Initial Mining in Q4 2023, and new Carbon Product Technologies

Retrieved on: 
Monday, August 7, 2023
Neodymium, REE, Semiconductor, Oak Ridge, ORNL, Mineral, Partnership, EV, Adsorption, Germanium, Reo, Metallurgy, Gas, United States Department of Energy, Terbium, Burn, Carbon, Ministry of Energy, Target, Coal, Oak Ridge National Laboratory, National Energy Technology Laboratory, Methane, Gallium, METC, Mountain, Rare-earth element, CO2, NETL, Energy, Murray Brook Mine, Brook, Praseodymium, Dysprosium

Furthermore, the Company announced that its Board of Directors has approved the commencement of initial mine development to begin this Fall.

Key Points: 
  • Furthermore, the Company announced that its Board of Directors has approved the commencement of initial mine development to begin this Fall.
  • These technologies were developed as part of a multi-year research partnership, and are subject to issued and pending patents.
  • BROOK MINE RARE EARTH ELEMENT UPDATE: INITIAL MINING TO BEGIN IN Q4 2023
    Ramaco's Board of Directors late last month approved commencing rare earth and coal mining development at its Brook Mine in the fourth quarter of 2023.
  • Ramaco anticipates spending roughly $2.5 million over two quarters for initial development for both rare earth and carbon ore/coal mining.

Oak Ridge Financial Services, Inc. Announces Second Quarter 2023 Results and Quarterly Cash Dividend of $0.10 Per Share

Retrieved on: 
Monday, July 31, 2023
Oak Ridge, OAK, Sale, Federal Home Loan Banks, IntraFi Network, Investment, SBA, Small business, Bank, Holding company, Video game, Arms industry, Cryptocurrency, Financial services

OAK RIDGE, N.C., July 31, 2023 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the second quarter of 2023 and a quarterly cash dividend of $0.10 per common share.

Key Points: 
  • OAK RIDGE, N.C., July 31, 2023 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the second quarter of 2023 and a quarterly cash dividend of $0.10 per common share.
  • Earnings per share of $0.54, compared to $0.47 in the linked quarter and $0.63 for the second quarter of 2022.
  • Net interest margin of 3.89%, compared to 3.91% in the linked quarter and 3.66% for the second quarter of 2022.
  • Noninterest expense decreased $58,000, or 1.3%, to $4.4 million in the second quarter of 2023 compared with the year-ago quarter.

Stephen K. Streiffer Named Director of Oak Ridge National Laboratory

Retrieved on: 
Thursday, July 27, 2023
Chemicals, Plastics, Other Defense, Energy, Manufacturing, Other Education, Continuing, University, Nuclear, Education, Defense, Science, Other Energy, Utilities, Engineering, Research, Photon, U.S. Department of Energy, Office of Inspector General, SLAC National Accelerator Laboratory, Oak Ridge, ORNL, Private sector, Chemistry, Materials Research Society, Particle physics, Partnership, U.S. Department of Defense Strategy for Operating in Cyberspace, Advanced Photon Source, APS, Stanford University, SLAC, Rice University, Laboratory manager, COVID-19, UT–Battelle, Electronics, Battelle Memorial Institute, Multimedia, DOE, Government, Energy Sciences Network, American Physical Society, Office of Science, Argonne National Laboratory, Oak Ridge National Laboratory, Materials science, University of Tennessee system, Outline of physical science, Electricity, National Center for Nanoscience and Technology, Uranium mining, Management, Physics

UT-Battelle, LLC, has appointed Stephen K. Streiffer to be the next director of Oak Ridge National Laboratory (ORNL).

Key Points: 
  • UT-Battelle, LLC, has appointed Stephen K. Streiffer to be the next director of Oak Ridge National Laboratory (ORNL).
  • He currently serves as interim director at SLAC National Accelerator Laboratory and will join ORNL in October.
  • He previously spent 24 years in research and leadership positions at Argonne National Laboratory, concluding his tenure as the lab’s deputy director for science and technology.
  • “I look forward to getting to work at Oak Ridge,” Streiffer said.

Oak Ridge Financial Services, Inc. Announces Promotions within Leadership

Retrieved on: 
Tuesday, July 25, 2023
Interim, Oak Ridge, University, Wake Forest University, Howard Finberg, Marketing, OAK, Business, SunTrust Banks, MBA, University of North Carolina at Pembroke, ITMS, Chapel, General Mills, Certification, CFO, Knowledge, Growth, Bank, Flagstar Bank, Concord University, Management, Unilever

OAK RIDGE, N.C., July 25, 2023 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), officially announces the promotion of Jeffrey R. Finberg, Marissa S. Parrish, and S. Brady Young to Executive Vice President.

Key Points: 
  • OAK RIDGE, N.C., July 25, 2023 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), officially announces the promotion of Jeffrey R. Finberg, Marissa S. Parrish, and S. Brady Young to Executive Vice President.
  • He has more than 25 years of banking and lending experience with Bank of Oak Ridge and SunTrust Bank.
  • Young has over 20 years of retail banking and management experience with Bank of Oak Ridge and Flagstar Bank.
  • Thomas W. Wayne, Jeffrey R. Finberg, Marissa S. Parrish, and S. Brady Young serve as the Bank of Oak Ridge Executive Management Team.