MDIS

Nellore Capital, the largest shareholder of Subordinate Voting Shares with 1.2mm and 9.99% of the shares, opposes Thoma Bravo's proposed acquisition of Magnet Forensics

Retrieved on: 
Thursday, February 9, 2023

Nellore owns 1,199,950 subordinate voting shares of Magnet Forensics Inc. ("Magnet" or "MAGT").

Key Points: 
  • Nellore owns 1,199,950 subordinate voting shares of Magnet Forensics Inc. ("Magnet" or "MAGT").
  • Unfortunately, we, the Subordinate Voting shareholders, only have the power to block the current deal, not fill in the ballot for our preferred structure.
  • The transaction requires approval from a simple majority (50% + 1) of the subordinate voting shares, excluding the 368,522 shares held by Adam and Jad.
  • Therefore, Jim should want the same thing as subordinate voting shareholders: the best financial outcome for his own shares.

OneMain announces $50 million commitment to support minority depository institutions and veterans

Retrieved on: 
Wednesday, January 18, 2023

OneMain Financial , the leader in offering nonprime customers responsible access to credit, announced today that it has committed $50 million dollars to support minority depository institutions (MDIs) and military veterans.

Key Points: 
  • OneMain Financial , the leader in offering nonprime customers responsible access to credit, announced today that it has committed $50 million dollars to support minority depository institutions (MDIs) and military veterans.
  • The company’s $50 million commitment is managed in equal parts through two J.P. Morgan Asset Management programs.
  • Our recent commitments in support of minority depository institutions and military veterans are designed to help communities become more financially secure and build stronger economic futures,” said OneMain Chairman and CEO Doug Shulman.
  • OneMain deepened this commitment in 2022 with a $600 million Social ABS Bond, the first of its kind by a U.S. issuer.

Genesis Bank Announces Launch of Homeowners Association (“HOA”) Banking Division

Retrieved on: 
Monday, December 19, 2022

Genesis Bank (“Genesis” or the “Bank”), announced today the formal launch of its Homeowners Association Banking division, which focuses on providing a full suite of banking products, services, and solutions that are tailored to meet the banking and operational needs of property management companies, homeowners associations, condo associations, as well as their boards of directors.

Key Points: 
  • Genesis Bank (“Genesis” or the “Bank”), announced today the formal launch of its Homeowners Association Banking division, which focuses on providing a full suite of banking products, services, and solutions that are tailored to meet the banking and operational needs of property management companies, homeowners associations, condo associations, as well as their boards of directors.
  • Stephen H. Gordon, Founding Chairman and Chief Executive Officer of Genesis Bank, stated, “I’m pleased to announce the launch of Genesis Bank’s HOA Banking division.
  • Prior to joining Genesis, Mr. Krishna held various management positions at U.S. Bank, Opus Bank, Bank of America, and Commercial Capital Bank.
  • Genesis Bank is a California state chartered commercial bank, organized by a group of highly experienced and successful bankers, investors, and business professionals.

Smart Inhalers Market Size, Share & Trends Analysis Report By Type, By Indication, By Distribution Channel, By End-use, By Region And Segment Forecasts, 2022 - 2030

Retrieved on: 
Thursday, December 15, 2022

Key Points: 
  • Smart Inhalers Market Size, Share & Trends Analysis Report By Type (Dry Powdered Inhalers, Metered Dose Inhalers), By Indication (Asthma, COPD), By Distribution Channel, By End-use, By Region, And Segment Forecasts, 2022 - 2030
    The global smart inhalers market size is expected to reach USD 53.3 billion by 2030., expanding at a CAGR of 19.3% from 2022 to 2030.
  • According to the European Respiratory Society Congress, COPD is expected to affect over 480 million people in 2022 across the globe.
  • COVID-19 has increased the demand for smart inhalers due to the rising penetration of cutting-edge digital devices and solutions for respiratory and pulmonary care.
  • Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

Expanding Financial Inclusion: Regions Bank Announces ATM Agreement with Community Development Financial Institutions

Retrieved on: 
Thursday, November 10, 2022

Regions Bank on Thursday announced a collaborative agreement with seven Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) to enable people who bank with those organizations to use Regions ATM network without paying the industry-standard out-of-network fee.

Key Points: 
  • Regions Bank on Thursday announced a collaborative agreement with seven Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) to enable people who bank with those organizations to use Regions ATM network without paying the industry-standard out-of-network fee.
  • By working together, Regions, CDFIs and MDIs are expanding no-cost access to financial services through the Regions ATM network.
  • Regions Bank and the Regions Community Development Corporation have also worked closely with CDFIs and MDIs in the past to support business activity in underserved communities, including a series of equity investments.
  • The ATM arrangement follows a gathering hosted in June by Regions head of Community Affairs, Leroy Abrahams, and Wendi Boyen, community advocacy and financial wellness manager for the bank.

Global COPD & Asthma Diagnostic and Monitoring Devices Market Report 2022: Portability of the Drug Delivery Devices Driving Growth - ResearchAndMarkets.com

Retrieved on: 
Friday, November 4, 2022

The global COPD & asthma diagnostic and monitoring devices market held a market value of USD 6,696.41 million in 2021 and is estimated to reach USD 13,971.38 million by the year 2030.

Key Points: 
  • The global COPD & asthma diagnostic and monitoring devices market held a market value of USD 6,696.41 million in 2021 and is estimated to reach USD 13,971.38 million by the year 2030.
  • With ever-increasing burden of diseases, coupled with the pandemic outbreak, the demand for asthma and COPD monitoring and diagnostic devices has been tremendously rising.
  • The rise in active smoker population drives the growth rate of the COPD and asthma diagnostic and monitoring devices industry.
  • The global COPD & asthma diagnostic and monitoring devices market is segmented into product type, indication, and end user.

Quest Digital Finance Connects the Unbanked to Formal Credit Systems

Retrieved on: 
Friday, October 14, 2022

Quest Digital Finance, a Ugandan tech company, is changing that by placing the power of banking and service delivery in the palms of the farmers and entrepreneurs using its digital platforms.

Key Points: 
  • Quest Digital Finance, a Ugandan tech company, is changing that by placing the power of banking and service delivery in the palms of the farmers and entrepreneurs using its digital platforms.
  • The platform enables SACCOS (Savings and Credit Cooperatives) and microfinance institutions to achieve end-to-end digital transformation and hence, improve reporting and accountability which derisks these entities.
  • Akellobanker hopes to eventually deliver bundled products and services to farmers and entrepreneurs and other value chain actors on credit.
  • Developing a digital platform that aggregates financial data generated by the unbanked to provide easy access to credit is a key lever of growth in the informal sector.

IntraFi Adds Two New Board Members, Further Deepening Industry Expertise

Retrieved on: 
Wednesday, October 12, 2022

"I am proud of the addition of these two individuals to our board," said Mark Jacobsen , Cofounder and CEO of IntraFi, a leading fintech that specializes in liquidity management solutions for thousands of financial services firms.

Key Points: 
  • "I am proud of the addition of these two individuals to our board," said Mark Jacobsen , Cofounder and CEO of IntraFi, a leading fintech that specializes in liquidity management solutions for thousands of financial services firms.
  • "I've known and worked with both for many years and admire the depth and richness of their expertise in banking."
  • "IntraFi is a special company, providing valuable products for large and small financial institutions and their customers," said Bovenzi.
  • "Over the past two decades, I have observed a consistent focus on innovation and service to meet the needs of an evolving industry.

Vista Equity Partners Reinforces Commitment as Founding Member of Economic Opportunity Coalition (EOC) to Address Financial Inclusion

Retrieved on: 
Tuesday, October 4, 2022

Vista Equity Partners , (Vista or the Firm), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, today reinforced its commitment to the recently formed Economic Opportunity Coalition (EOC) as one of its founding members.

Key Points: 
  • Vista Equity Partners , (Vista or the Firm), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, today reinforced its commitment to the recently formed Economic Opportunity Coalition (EOC) as one of its founding members.
  • As part of the Economic Opportunity Coalition, Vista is committing to shift approximately 2% of the Firms cash balance to Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs).
  • Announced in July 2022, the EOC coordinates across organizations to develop and deploy new solutions that address known challenges of financial inclusion.
  • Follow Vista on LinkedIn, @Vista Equity Partners , and on Twitter, @Vista_Equity .

Bank of America Doubles MDI Deposits with Additional $100 Million to Support Minority Small Business Owners, Communities

Retrieved on: 
Tuesday, October 4, 2022

"It is well recognized that MDIs are a critical resource to minority and underserved communities by providing banking services, creating jobs and helping businesses grow," said D. Steve Boland , Chief Administrative Officer of Bank of America.

Key Points: 
  • "It is well recognized that MDIs are a critical resource to minority and underserved communities by providing banking services, creating jobs and helping businesses grow," said D. Steve Boland , Chief Administrative Officer of Bank of America.
  • It also includes our commitment of $350 million to over 100 private equity funds that provide capital to minority and women entrepreneurs and small business owners.
  • Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services.
  • For more Bank of America news, including dividend announcements and other important information,visit the Bank of America newsroom and register for news email alerts .