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UB Bancorp Reports Record Earnings for the Quarter and Nine Months Ended September 30, 2021

Friday, October 22, 2021 - 9:14pm

UB Bancorp (OTCQX: UBNC), (the Company) the parent of Union Bank (the Bank), is pleased to report its results for the quarter and nine months ended September 30, 2021.

Key Points: 
  • UB Bancorp (OTCQX: UBNC), (the Company) the parent of Union Bank (the Bank), is pleased to report its results for the quarter and nine months ended September 30, 2021.
  • The Companys return on average assets and average tangible equity (*) for the third quarter of 2021 was 1.13% and 14.82%, respectively.
  • The Companys cost of funds fell 27 basis points to 0.32% for the third quarter of 2021 versus 0.59% for the same quarter one year ago.
  • Net pre-tax revenue from PPP fees totaled $632,000 during the third quarter of 2021 versus $440,000 of net PPP revenue generated during the third quarter of 2020.

Valley Republic Bancorp Reports Third Quarter 2021 Earnings

Friday, October 22, 2021 - 9:56pm

The merger is expected to close in the fourth quarter of 2021 or the first quarter of 2022.

Key Points: 
  • The merger is expected to close in the fourth quarter of 2021 or the first quarter of 2022.
  • Mr. Voiland said, "I believe the pending merger of Valley Republic Bancorp and TriCo Bancshares will be good for all.
  • Valley Republic Bank, established in 2009, is a wholly owned subsidiary of Valley Republic Bancorp, headquartered in Bakersfield, California.
  • Valley Republic Bank emphasizes professional, high quality banking services provided to a wide range of businesses and professionals.

Apostle Crystal Moore Naylor is being recognized by Continental Who's Who

Friday, October 22, 2021 - 6:12pm

BOWIE, Md., Oct. 22, 2021 /PRNewswire/ -- Apostle Crystal Moore Naylor is being recognized by Continental Who's Who as a Distinguished Executive and Senior Pastor for her work at the Total Salvation Church.

Key Points: 
  • BOWIE, Md., Oct. 22, 2021 /PRNewswire/ -- Apostle Crystal Moore Naylor is being recognized by Continental Who's Who as a Distinguished Executive and Senior Pastor for her work at the Total Salvation Church.
  • Apostle Naylor is the Founder and President of the Total Salvation Church, located in Bowie, MD.
  • Apostle Naylor preaches that her congregants will become FVIPs - people of Faith, Vision, Integrity, and Pure Hearts.
  • Apostle Naylor says her work will "greatly encourage you, as well as others, in their walk with the Lord Jesus Christ."

Greene County Bancorp, Inc. Reports 45% Increase in Net Income for the Quarter Ended September 30, 2021, and is Selected for the Piper Sandler Sm-All Stars Class of 2021

Friday, October 22, 2021 - 2:48pm

Net income increased $2.2 million, or 45.9%, when comparing the quarters ended September 30, 2021 and 2020.

Key Points: 
  • Net income increased $2.2 million, or 45.9%, when comparing the quarters ended September 30, 2021 and 2020.
  • Selected highlights for the three months ended September 30, 2021 are as follows:
    Net interest income increased $2.6 million to $14.4 million for the three months ended September 30, 2021 from $11.8 million for the three months ended September 30, 2020.
  • Net interest rate spread and margin both decreased when comparing the three months ended September 30, 2021 and 2020.
  • Net loans receivable increased $10.9 million, or 1.0%, to $1.1 billion at September 30, 2021 from $1.1 billion at June 30, 2021.

Rodan + Fields Launches NEW Total RF Serum with Refillable Packaging as Part of Sustainability Commitments

Thursday, October 21, 2021 - 5:17pm

The launch of Total RF Serum, which uses less packaging and contains 90% recyclable material,2advances its goal of having 75% of its packaging recyclable, refillable and reusable by 2025.

Key Points: 
  • The launch of Total RF Serum, which uses less packaging and contains 90% recyclable material,2advances its goal of having 75% of its packaging recyclable, refillable and reusable by 2025.
  • Total RF Serum's refillable packaging is the most sustainable innovation the brand has launched to date.
  • The inner refillable vial holding the serum is purchased separately after the initial purchase and reduces the amount of total packaging by 74%.
  • The refillable design is projected to save 26,600 pounds of packaging each year.3
    "The Total RF Serum design is an important milestone in our sustainable packaging strategy.

Texas new homes selling at “breakneck speed”

Thursday, October 21, 2021 - 4:07pm

The Texas new homes sales market is moving at breakneck speed, said Ben Caballero, owner of HomesUSA.com and world record holder for most home sales.

Key Points: 
  • The Texas new homes sales market is moving at breakneck speed, said Ben Caballero, owner of HomesUSA.com and world record holder for most home sales.
  • Typically, Caballero notes, Days on Market averages are higher for new homes than resale homes by about 60 days due to construction time.
  • But now new homes are selling so fast, builders are not listing homes until they know their construction costs.
  • ( See Chart 2: Texas New Home Sales )
    Low inventory of new homes helped drive up the average price of new homes in Texas and in its four major new home markets.

Existing-Home Sales Ascend 7.0% in September

Thursday, October 21, 2021 - 3:00pm

Existing-home sales rebounded in September after seeing sales wane the previous month, according to the National Association of Realtors.

Key Points: 
  • Existing-home sales rebounded in September after seeing sales wane the previous month, according to the National Association of Realtors.
  • Some improvement in supply during prior months helped nudge up sales in September, said Lawrence Yun, NARs chief economist.
  • NAR rebenchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.
  • Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.

Fidelity Bank Selects Total Expert to Expand Customer Relationships Through Data-Driven Insights

Thursday, October 21, 2021 - 3:00pm

“Total Expert’s ‘bank-built’ CRM and customer engagement platform delivers a host of rich benefits traditional CRM platforms can’t match,” said Joe Welu, founder and CEO of Total Expert. “We’re thrilled to partner with Fidelity Bank to create financial wellness for its customers, and build an authentic, connected customer journey--tying data and insights to the right action at the right time.”

Key Points: 
  • Partnering with Total Expert, Fidelity Bank will bring CRM and marketing automation under one roof to empower front-line staff to make data-driven decisions and better serve customers.
  • Fidelity Bank will leverage Total Expert to refine its customer engagement strategies aimed at helping consumers make well-informed and confident financial decisions.
  • Total Expert will fuel Fidelity Banks 360-degree view of customer data across all bank locations so the bank can identify and improve customer onboarding and cross-sell opportunities across the organization.
  • Total Expert turns customer insights into actions to increase loyalty and drive growth for banks, lenders, credit unions, and other financial services firms.

Terreno Realty Corporation Acquires Property in Elizabeth, NJ for $44.0 Million

Thursday, October 21, 2021 - 2:15pm

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Elizabeth, New Jersey on October 20, 2021 for a purchase price of approximately $44.0 million.

Key Points: 
  • Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Elizabeth, New Jersey on October 20, 2021 for a purchase price of approximately $44.0 million.
  • The property consists of one industrial transshipment building containing approximately 31,000 square feet on 6.0 acres.
  • The property is 100% leased to one tenant on a short-term basis.
  • Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.

Oil Sands Pathways alliance outlines three-phase plan to achieve goal of net zero emissions

Thursday, October 21, 2021 - 2:00pm

CALGARY, AB, Oct. 21, 2021 /PRNewswire/ - The Oil Sands Pathways to Net Zero initiative, an alliance between Canada's five largest oil sands producers, has announced additional details of its plan to achieve the goal of net zero greenhouse gas (GHG) emissions from oil sands operations.

Key Points: 
  • CALGARY, AB, Oct. 21, 2021 /PRNewswire/ - The Oil Sands Pathways to Net Zero initiative, an alliance between Canada's five largest oil sands producers, has announced additional details of its plan to achieve the goal of net zero greenhouse gas (GHG) emissions from oil sands operations.
  • Pathways alliance members, who operate facilities accounting for 90% of Canadian oil sands output, are working collectively with the federal and Alberta governments, with a goal to achieve net zero (neutral) emissions from oil sands operations by 2050 to help Canada meet its climate goals, including its Paris Agreement commitments and 2050 net zero aspirations.
  • Because there is no single solution to achieving net zero emissions from oil sands operations, the initiative will employ several parallel pathways and technologies.
  • The Oil Sands Pathways to Net Zero initiative consists of Canadian Natural, Cenovus Energy, Imperial, MEG Energy and Suncor Energy.