Treasury

Hazeltree Helps its Phase 5 and 6 UMR Clients to Get “Regulation Ready”

Thursday, September 23, 2021 - 8:00am

Phased in over several years, the UMR regulation started with Phase 1 in 2016 and will wrap up with Phase 6 in September 2022.

Key Points: 
  • Phased in over several years, the UMR regulation started with Phase 1 in 2016 and will wrap up with Phase 6 in September 2022.
  • Phase 5 of UMR was the largest to date; Phase 6 is expected to be even larger, covering firms with AANA over $8 billion.
  • Hazeltree recently released Hazeltree AANA Estimator that allows clients to monitor their AANA on a daily basis and prepare for potential compliance with the complicated rules around UMR.
  • As our Phase 5 clients experienced, complying with UMR is a long process, and requires preparation, said Sameer Shalaby, Hazeltrees President and Chief Executive Officer.

Hazeltree Helps its Phase 5 and 6 UMR Clients to Get “Regulation Ready”

Thursday, September 23, 2021 - 1:00am

Phased in over several years, the UMR regulation started with Phase 1 in 2016 and will wrap up with Phase 6 in September 2022.

Key Points: 
  • Phased in over several years, the UMR regulation started with Phase 1 in 2016 and will wrap up with Phase 6 in September 2022.
  • Phase 5 of UMR was the largest to date; Phase 6 is expected to be even larger, covering firms with AANA over $8 billion.
  • Hazeltree recently released Hazeltree AANA Estimator that allows clients to monitor their AANA on a daily basis and prepare for potential compliance with the complicated rules around UMR.
  • As our Phase 5 clients experienced, complying with UMR is a long process, and requires preparation, said Sameer Shalaby, Hazeltrees President and Chief Executive Officer.

Farmers & Merchants Bancorp (FMCB) Announces Retirement of Chief Credit Officer

Wednesday, September 22, 2021 - 11:00pm

The Chief Credit Officer position will be filled by Jay J. Colombini, one of the Banks two current Executive Vice President and Wholesale Banking Division Managers.

Key Points: 
  • The Chief Credit Officer position will be filled by Jay J. Colombini, one of the Banks two current Executive Vice President and Wholesale Banking Division Managers.
  • Jay Colombini brings to this new position 36 years of industry credit administration experience, including 28 years at Farmers & Merchants Bank of Central California.
  • Farmers & Merchants Bancorp, traded on the OTCQX under the symbol FMCB, is the parent company of Farmers & Merchants Bank of Central California, also known as F&M Bank.
  • Farmers & Merchants Bancorp has paid dividends for 86 consecutive years and we have increased dividends for 56 consecutive years.

Timbercreek Financial Declares September 2021 Dividend

Wednesday, September 22, 2021 - 10:30pm

TORONTO, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Timbercreek Financial (TSX: TF) (the Company) is pleased to announce that its board of directors (the Board) has declared a monthly cash dividend of $0.0575 per common share (Common Share) of the Company to be paid on October15, 2021 to holders of Common Shares of record on September30, 2021.

Key Points: 
  • TORONTO, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Timbercreek Financial (TSX: TF) (the Company) is pleased to announce that its board of directors (the Board) has declared a monthly cash dividend of $0.0575 per common share (Common Share) of the Company to be paid on October15, 2021 to holders of Common Shares of record on September30, 2021.
  • Shareholders who hold their Common Shares through a broker, financial institution or other nominee must enroll for distribution reinvestment through their nominee holder.
  • Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors.
  • Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions.

McLennan Community Investment Fund Receives $8K Grant

Wednesday, September 22, 2021 - 9:50pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210922005989/en/
    From left to right: Dave Talbert, president, Insurors Indemnity Company; Bill Vance, president, McLennan Community Investment Fund and Tom Chase, chairman, Insurors Indemnity Company.
  • This FHLB Dallas funding will further our efforts to assist small businesses in McLennan County and help them grow, said Bill Vance, McCIF president.
  • We value our partnership with Insurors Indemnity, and we look forward to the fruits of this partnership through the growth of small businesses in McLennan County via the work of McCIF, said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas.
  • For more information about the 2021 PGP grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp .

Sendero Wealth Management Hires Edward C. Stepanow, Jr. as Chief Financial Officer and Chief Operating Officer

Wednesday, September 22, 2021 - 6:07pm

SAN ANTONIO, Sept. 22, 2021 /PRNewswire/ -- Sendero Wealth Management, a private, partner-led wealth management firm in San Antonio has hired Edward C. Stepanow, Jr. as Chief Financial and Operating Officer.

Key Points: 
  • SAN ANTONIO, Sept. 22, 2021 /PRNewswire/ -- Sendero Wealth Management, a private, partner-led wealth management firm in San Antonio has hired Edward C. Stepanow, Jr. as Chief Financial and Operating Officer.
  • He served previously as Chief Financial Officer for MediciNova, a NASDAQ listed, California-based biopharmaceutical company.
  • Sendero Wealth Management (Sendero) is a private wealth management firm in San Antonio serving clients with investable assets of $1 million and above.
  • References to "Sendero" and "Sendero Partners" are references to Sendero Wealth Management, LLC, a registered investment adviser, and its affiliated entities and its holding company.

Transaction in own shares

Wednesday, September 22, 2021 - 6:56pm

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Arix intends to retain the purchased shares in treasury.
  • Following settlement of the above purchase, Arix will have 129,894,800 ordinary shares of 0.001 pence each in issue (excluding 5,714,853 ordinary shares of 0.001p each held in treasury).
  • In accordance with Article 5(1)(b) of Regulation (EU) No.

ArcelorMittal cancels 50 million treasury shares

Wednesday, September 22, 2021 - 4:20pm

In line with the authorisation granted by the Extraordinary General Meeting of Shareholders held on 8 June 2021, the Board of ArcelorMittal has decided to cancel 50 million treasury shares to keep the number of treasury shares within appropriate levels.

Key Points: 
  • In line with the authorisation granted by the Extraordinary General Meeting of Shareholders held on 8 June 2021, the Board of ArcelorMittal has decided to cancel 50 million treasury shares to keep the number of treasury shares within appropriate levels.
  • This cancellation takes into account the shares already purchased under the US$2.2 billion share buyback announced on 29 July 2021.
  • As a result of this cancellation, ArcelorMittal will have 982,809,772 shares in issue (compared to 1,032,809,772 before the cancellation).
  • Details on share buyback programs can be found at: https://corporate.arcelormittal.com/investors/equity-investors/share-buy...
    With reference to article 14 of the Luxembourg law and the Grand Ducal regulation of 11 January 2008, on transparency requirements for issuers of securities (Transparency Law), ArcelorMittal announces that the total number of voting rights and capital is available in the Luxembourg Stock Exchanges electronic database OAM on www.bourse.lu and on the Companys website under Investors - Corporate Governance - Shareholding structure.

Sharestates Welcomes New CFO Tina DelDonna to Lead Finance Operations

Wednesday, September 22, 2021 - 3:00pm

Ms. DelDonna is a multi-disciplinary CFO with more than 20 years of leadership in both public and private specialty finance and real estate lending organizations.

Key Points: 
  • Ms. DelDonna is a multi-disciplinary CFO with more than 20 years of leadership in both public and private specialty finance and real estate lending organizations.
  • Sharestates CEO, Allen Shayanfekr, said he's excited to have Ms. DelDonna join Sharestates' executive team, "Tina is an accomplished executive with over two decades of experience helping companies like Sharestates scale successfully.
  • I am confident she will be a valuable partner in helping Sharestates build value and sharpen the company's financial performance."
  • Ms. DelDonna has successfully developed cohesive teams across finance, accounting, and treasury operations and is looking forward to helping Sharestates continue to be a leading national real estate lending platform.

Valmet Oyj's Extraordinary General Meeting resolved to approve the merger of Valmet Oyj and Neles Corporation and the resolutions relating to the merger proposed to the Extraordinary General Meeting

Wednesday, September 22, 2021 - 2:18pm

HELSINKI, Sept. 22, 2021 /PRNewswire/ -- The Extraordinary General Meeting (the "General Meeting") of Valmet Oyj ("Valmet") was held today, on Wednesday September 22, 2021 at 2:00 p.m. EEST at Hall 101 of Messukeskus Helsinki, Messuaukio 1, 00520 Helsinki, Finland. In order to reduce the risk of infection resulting from the coronavirus (COVID-19) situation, Valmet sought to keep the General Meeting as short as possible and to limit the number of participants.

Key Points: 
  • The General Meeting resolved, conditionally upon the completion of the Merger, to amend the articles of association of Valmet in accordance with the Merger Plan.
  • Such total number of shares to be issued as Merger Consideration shall be rounded down to the nearest full share.
  • Neles has today, on September 22, 2021, published a stock exchange release regarding the resolutions taken by its Extraordinary General Meeting.
  • Neles' Extraordinary General Meeting today approved the Merger Plan and resolved on Neles' merger with Valmet.