Blake Paulson

Lake Shore Bancorp, Inc. Announces Full Year 2022 and Fourth Quarter Financial Results

Retrieved on: 
Tuesday, January 31, 2023

2022 fourth quarter net interest income increased $1.1 million, or 20.0%, to $6.5 million as compared to $5.5 million for the 2021 fourth quarter.

Key Points: 
  • 2022 fourth quarter net interest income increased $1.1 million, or 20.0%, to $6.5 million as compared to $5.5 million for the 2021 fourth quarter.
  • Interest income for the 2022 fourth quarter was $7.5 million, an increase of $1.5 million, or 25.2%, compared to $6.0 million for the 2021 fourth quarter.
  • 2022 fourth quarter interest expense was $923,000, an increase of $411,000, or 80.3%, from $512,000 for the 2021 fourth quarter primarily due to an increase in interest paid on deposit accounts.
  • Non-interest expense was $5.5 million for the fourth quarter of 2022, an increase of $1.3 million, or 29.8%, as compared to $4.2 million for the fourth quarter of 2021.

Century Next Financial Corporation Reports Year-End 2022 Results

Retrieved on: 
Friday, January 27, 2023

RUSTON, La., Jan. 27, 2023 (GLOBE NEWSWIRE) -- Century Next Financial Corporation (the “Company”) (OTCQX: CTUY), the holding company of Century Next Bank, with $643.3 million in assets, today announced financial results for the year ended December 31, 2022.

Key Points: 
  • RUSTON, La., Jan. 27, 2023 (GLOBE NEWSWIRE) -- Century Next Financial Corporation (the “Company”) (OTCQX: CTUY), the holding company of Century Next Bank, with $643.3 million in assets, today announced financial results for the year ended December 31, 2022.
  • Total net loans at December 31, 2022 were $537.9 million compared to $437.3 million at December 31, 2021.
  • Total deposits at December 31, 2022 increased $85.9 million or 18.11% to $560.4 million compared to $474.5 million at December 31, 2021.
  • Century Next Financial Corporation is the holding company for Century Next Bank (the “Bank”) which conducts business from its main office in Ruston, Louisiana.

Newtek Business Services Corp. Completes Acquisition of National Bank of New York City

Retrieved on: 
Friday, January 6, 2023

BOCA RATON, Fla., Jan. 06, 2023 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (NASDAQ: NEWT) (“Newtek”) announced that on January 6, 2023, it completed its acquisition of the National Bank of New York City (“NBNYC”), a 59-year-old national bank regulated and supervised by the Office of the Comptroller of the Currency, and converted to a financial holding company.

Key Points: 
  • BOCA RATON, Fla., Jan. 06, 2023 (GLOBE NEWSWIRE) -- Newtek Business Services Corp. (NASDAQ: NEWT) (“Newtek”) announced that on January 6, 2023, it completed its acquisition of the National Bank of New York City (“NBNYC”), a 59-year-old national bank regulated and supervised by the Office of the Comptroller of the Currency, and converted to a financial holding company.
  • NBNYC has been renamed Newtek Bank, National Association™ (“Newtek Bank, N.A.”) and has become a wholly owned subsidiary of the Company.
  • Within the next two weeks, Newtek will change its name from Newtek Business Services Corp. to NewtekOne, Inc.® and will retain its trading symbol (Nasdaq: NEWT).
  • Newtek ® , NewtekOne®, Newtek Bank, National AssociationTM, Your Business Solutions Company® and One Solution for All Your Business Needs® are registered trademarks of Newtek Business Services Corp.

U.S. Small Business Administration Statement on the House Select Subcommittee on the Coronavirus Crisis Report Concerning Fraud in the Paycheck Protection Program

Retrieved on: 
Wednesday, December 7, 2022

“The SBA has immediately suspended non-lenders Blueacorn and Womply, companies that worked with PPP lenders, from working with the SBA in any capacity. The SBA will be investigating appropriate action against their management, owners, and successor companies.  In addition to the actions announced today, SBA launched a full investigation of the lenders -- Benworth, Capital Plus, Celtic Bank, Customers Bank, Cross River Bank, Fountainhead, Harvest, and Prestamos -- as well as the individuals and other related entities named in the report. The SBA will continue to work with the House Select Subcommittee to examine the evidence laid out in its report and continue taking corrective action to address the fraud and weak controls that were so prevalent at the onset of the PPP.

Key Points: 
  • Washington D.C., Dec. 07, 2022 (GLOBE NEWSWIRE) -- Today, the U.S. Small Business Administration (SBA) issued the following statement regarding the findings from the House Select Subcommittee on the Coronavirus Crisis report on Paycheck Protection Program (PPP) fraud.
  • “The House Select Subcommittee report details serious problems of fraud and self-dealing by lenders and by companies who were paid fees by lenders to help PPP funds reach small business owners.
  • In response to new revelations detailed in the report of possible fraud facilitated by third-party companies, the Small Business Administration (SBA) is taking additional action.
  • “The SBA has immediately suspended non-lenders Blueacorn and Womply, companies that worked with PPP lenders, from working with the SBA in any capacity.

ES Bancshares, Inc. Leadership and Directors Purchase Common Shares

Retrieved on: 
Wednesday, December 7, 2022

STATEN ISLAND, N.Y., Dec. 07, 2022 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) today announced that executive officers and Board members of the Company purchased approximately 27,600 shares of the Company’s common stock between September and November 2022.

Key Points: 
  • STATEN ISLAND, N.Y., Dec. 07, 2022 (GLOBE NEWSWIRE) -- ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) today announced that executive officers and Board members of the Company purchased approximately 27,600 shares of the Company’s common stock between September and November 2022.
  • The shares were purchased in open market transactions at an average per share price of $4.58.
  • In March 2009, the Bank converted its charter to a New York State commercial bank charter.
  • The Company’s annual report, quarterly earnings releases and all press releases are available free of charge through its website, as soon as reasonably practicable.

Farmers National Banc Corp. and Emclaire Financial Corp. Announce Regulatory Approvals for Merger

Retrieved on: 
Monday, December 5, 2022

CANFIELD, Ohio and EMLENTON, Penn., Dec. 05, 2022 (GLOBE NEWSWIRE) -- Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), and Emclaire Financial Corp. (“Emclaire”) (NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”), jointly announced today that they have received regulatory approvals, including approval from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, necessary to complete the proposed merger of Emclaire Financial Corp. with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers (the “Merger”) pursuant to the Agreement and Plan of Merger dated as of March 23, 2023 by and between Farmers and Emclaire (the “Merger Agreement”), and the related merger of Emlenton Bank with and into Farmers National Bank.

Key Points: 
  • CANFIELD, Ohio and EMLENTON, Penn., Dec. 05, 2022 (GLOBE NEWSWIRE) -- Farmers National Banc Corp. (“Farmers” or the “Company”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers National Bank”), and Emclaire Financial Corp. (“Emclaire”) (NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”), jointly announced today that they have received regulatory approvals, including approval from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, necessary to complete the proposed merger of Emclaire Financial Corp. with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers (the “Merger”) pursuant to the Agreement and Plan of Merger dated as of March 23, 2023 by and between Farmers and Emclaire (the “Merger Agreement”), and the related merger of Emlenton Bank with and into Farmers National Bank.
  • ABOUT FARMERS NATIONAL BANC CORP.
  • Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $4.1 billion in banking assets.
  • Forward-looking statements speak only as of the date made, and neither Farmers nor Emclaire assumes any duty and does not undertake to update forward-looking statements.

Metallicus Partners With Checkout.com To Strengthen Customer Experience In Digital Payments

Retrieved on: 
Thursday, December 15, 2022

This illustrates Metallicus intention to further democratize the usage of cryptocurrencies on a global scale while ensuring regulatory compliance.

Key Points: 
  • This illustrates Metallicus intention to further democratize the usage of cryptocurrencies on a global scale while ensuring regulatory compliance.
  • We are thrilled to be partnering with Checkout.com to take Metal Pay to the next level, said Karen McHenry, Vice President of Product at Metallicus.
  • Metallicus partnership with Checkout.com showcases the companys latest momentum as it seeks to broaden digital payment access to consumers while simultaneously embracing regulatory compliance.
  • Checkout.com is a global payments solution provider that helps businesses, and their communities thrive in the digital economy.

Farmers National Banc Corp. and Emclaire Financial Corp. Announce Regulatory Approvals for Merger

Retrieved on: 
Monday, December 5, 2022

Farmers National Banc Corp. (Farmers or the Company) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (Farmers National Bank), and Emclaire Financial Corp. (Emclaire) (NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (Emlenton Bank), jointly announced today that they have received regulatory approvals, including approval from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, necessary to complete the proposed merger of Emclaire Financial Corp. with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers (the Merger) pursuant to the Agreement and Plan of Merger dated as of March 23, 2023 by and between Farmers and Emclaire (the Merger Agreement), and the related merger of Emlenton Bank with and into Farmers National Bank.

Key Points: 
  • Farmers National Banc Corp. (Farmers or the Company) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (Farmers National Bank), and Emclaire Financial Corp. (Emclaire) (NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (Emlenton Bank), jointly announced today that they have received regulatory approvals, including approval from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency, necessary to complete the proposed merger of Emclaire Financial Corp. with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers (the Merger) pursuant to the Agreement and Plan of Merger dated as of March 23, 2023 by and between Farmers and Emclaire (the Merger Agreement), and the related merger of Emlenton Bank with and into Farmers National Bank.
  • ABOUT FARMERS NATIONAL BANC CORP.
  • Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $4.1 billion in banking assets.
  • Forward-looking statements speak only as of the date made, and neither Farmers nor Emclaire assumes any duty and does not undertake to update forward-looking statements.

NEW YORK COMMUNITY BANCORP, INC. RECEIVES FINAL REGULATORY APPROVAL FOR THE ACQUISITION OF FLAGSTAR BANCORP, INC.

Retrieved on: 
Monday, November 7, 2022

and to merge New York Community Bank into Flagstar Bank, N.A.

Key Points: 
  • and to merge New York Community Bank into Flagstar Bank, N.A.
  • With the FRB approval, no further regulatory approvals are required to complete the acquisition.
  • The Company will continue to be known as New York Community Bancorp, Inc. and trade under the "NYCB" ticker symbol.
  • About New York Community Bancorp, Inc.
    Based in Hicksville, N.Y., New York Community Bancorp, Inc. is a leading producer of multi-family loans on non-luxury, rent-regulated apartment buildings in New York City, and the parent of New York Community Bank.

Cadmus Acquires Change Management Consultancy Wheelhouse Group

Retrieved on: 
Wednesday, November 2, 2022

Cadmus, a leading provider of technical and strategic expertise to governments, energy utilities, and private sector companies worldwide, announces its acquisition of Wheelhouse Group, a premier provider of change management services.

Key Points: 
  • Cadmus, a leading provider of technical and strategic expertise to governments, energy utilities, and private sector companies worldwide, announces its acquisition of Wheelhouse Group, a premier provider of change management services.
  • Wheelhouse co-founder and CEO Laurie Axelrod will support Wheelhouses successful integration into Cadmus and provide consulting services post-integration.
  • Since its founding in 2003, Wheelhouse Group has partnered with clients to successfully navigate change, improve how individuals and teams function, and continuously improve organizational performance and transformational objectives.
  • With nearly 100 consultants averaging 15+ years of experience, Wheelhouse Group offers specialized knowledge in the people side of change, including organizational change management, stakeholder engagement and communications, workforce transformation, and enterprise optimization.