Riverbank

Aemetis Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 9, 2023

CUPERTINO, CA, Nov. 09, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire –Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced its financial results for the three and nine months ended September 30, 2023.

Key Points: 
  • On Thursday, November 9, 2023, Aemetis will host an earnings review call at 11:00 a.m. Pacific time (PT).
  • Gross profit for the third quarter of 2023 was $492 thousand, compared to $1.1 million gross loss during the third quarter of 2022.
  • Operating loss was $8.5 million for the third quarter of 2023, compared to an operating loss of $7.6 million for the third quarter of 2022.
  • Cash at the end of the third quarter of 2023 was $3.9 million, compared to $4.3 million at the close of the fourth quarter of 2022.

Cross River Bank’s Commercial Real Estate Team Closes Nearly $1 Billion in Financing Over Past 12 Months

Retrieved on: 
Tuesday, October 31, 2023

Cross River Bank (“Cross River”), a New Jersey State chartered FDIC-insured bank and Equal Housing Lender known for its diversified commercial real estate (“CRE”) lending program and deep market experience, today announced that the team has closed 78 loans nationwide in the past 12 months, totaling over $840 million.

Key Points: 
  • Cross River Bank (“Cross River”), a New Jersey State chartered FDIC-insured bank and Equal Housing Lender known for its diversified commercial real estate (“CRE”) lending program and deep market experience, today announced that the team has closed 78 loans nationwide in the past 12 months, totaling over $840 million.
  • With loans ranging from $450,000 to $81 million, the team supports the smallest to largest real estate business across the country, in multiple asset types.
  • “Achieving close to $1 Billion in financing over the past 12 months for varying asset classes and markets speaks volumes to our drive and commitment to our clients in these challenging times,” said Shimon Eisikowicz, EVP and Chief Lending Officer at Cross River.
  • Cross River’s CRE team has achieved asset-wide success in the past year, including strong growth in lender finance originations.

Cross River’s New Series, In Conversation With, Focuses on the Transformation of B2B Payments and Launches its First Conversation with Visa

Retrieved on: 
Thursday, October 26, 2023

The discussion will focus on Visa's journey navigating the unique experiences of both the consumer and B2B sectors, the evolution and impact of consumerization on B2B payments, current challenges, and advice for commercial solutions of the future.

Key Points: 
  • The discussion will focus on Visa's journey navigating the unique experiences of both the consumer and B2B sectors, the evolution and impact of consumerization on B2B payments, current challenges, and advice for commercial solutions of the future.
  • “Until recently, an emphasis on the customer experience was mainly reserved for consumer-focused businesses,” said Anthony Peculic.
  • Now, the mic passes to Visa for the launch of the new initiative, In Conversation With.
  • Interested parties can learn more about the first installment and register here .

Cross River Accelerates Plan to Upgrade Ambulance Bays in Israel through its Bays of Life Initiative

Retrieved on: 
Thursday, October 19, 2023

Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and Foundation@ Cross River, its philanthropic arm, today announced its Bays of Life initiative, an effort to double down on its long-standing mission to upgrade ambulance bays in Israel.

Key Points: 
  • Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and Foundation@ Cross River, its philanthropic arm, today announced its Bays of Life initiative, an effort to double down on its long-standing mission to upgrade ambulance bays in Israel.
  • The initial Bays of Life contribution will go to Barzilai Medical Center in Ashkelon, Israel.
  • "We are proud and honored to play a small part in the Hospital’s life-saving mission through our Bays of Life project.
  • Companies, foundations or other organizations who wish to join Cross River’s Bays of Life initiative, please reach out to [email protected] .

Cross River and Paymints.io Further Expand Optionality for Real Estate Transactions with Real-Time Payments Through The Clearing House’s RTP® Network

Retrieved on: 
Tuesday, October 3, 2023

This expansion will enable businesses and consumers real-time access to funds, a critical factor when transferring money for high dollar value transactions.

Key Points: 
  • This expansion will enable businesses and consumers real-time access to funds, a critical factor when transferring money for high dollar value transactions.
  • “Paymints.io is transforming financial transactions within the real estate industry and we’re proud to power their real-time payment capabilities.”
    Traditional real estate transactions are often hindered by slow and cumbersome payment processes, creating friction in an already challenging macroeconomic and real estate environment.
  • Earlier this year, Cross River and paymints.io partnered to modernize real estate transactions with ACH (including same day) as well as domestic wire capabilities.
  • You can visit the webinar on demand here: Disrupting Payments in the Real Estate Industry.

Cross River and Operation Hope Provide Life-Changing Improvement for Consumers’ Financial Health

Retrieved on: 
Wednesday, September 27, 2023

Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, is pleased to share mid-year results from its partnership with Operation Hope: HOPE Inside Cross River, which provides life-changing financial literacy education and financial planning to empower local small business owners and individuals on their path to financial stability and freedom.

Key Points: 
  • Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, is pleased to share mid-year results from its partnership with Operation Hope: HOPE Inside Cross River, which provides life-changing financial literacy education and financial planning to empower local small business owners and individuals on their path to financial stability and freedom.
  • “More than ever, consumers need support in managing their financial wellness,” said Nicole Henderson, Head of Community Affairs at Cross River.
  • “We applaud Cross River's leadership for their commitment to the financial wellbeing of their clients,” said Operation HOPE founder, chairman and CEO, John Hope Bryant.
  • Cross River and Operation Hope are working to close the inequality gap in financial education.

Cross River Provides Over $145,000 in Critical Funds to Black Businesses in Honor of National Black Business Month Through Grant Program with the Brooklyn Chamber

Retrieved on: 
Thursday, September 7, 2023

Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and the Brooklyn Chamber of Commerce celebrate National Black Business Month by distributing grants through the organizations’ Small Business Grant Program to local Black-owned businesses.

Key Points: 
  • Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, and the Brooklyn Chamber of Commerce celebrate National Black Business Month by distributing grants through the organizations’ Small Business Grant Program to local Black-owned businesses.
  • The Small Business Grant Program, a collaboration between Cross River and the Chamber, provides financial support to minority and women-owned businesses.
  • Immediately, the Brooklyn Chamber of Commerce offered to help through their joint grant program with Cross River.
  • The Small Business Grant program is funded by Cross River and applications are processed through the Chamber’s economic development arm, Brooklyn Alliance Capital.

Cross River Partners with Current to Further Its Mission of Financial Inclusion and Serving the Underbanked Population of 26 Million

Retrieved on: 
Wednesday, August 23, 2023

The credit building card provides a simple way for Current’s over four million members to build their credit histories through a single spending balance, which is viewed and managed on Current’s platform.

Key Points: 
  • The credit building card provides a simple way for Current’s over four million members to build their credit histories through a single spending balance, which is viewed and managed on Current’s platform.
  • The secured charge card, issued by Cross River on the Visa network, connects to members’ available spending balance to build credit history, while minimizing risks associated with debt.
  • "We are excited to partner with Current to create a custom solution and bring this credit building product to market," said Anthony Peculic, Head of Cards and BaaS at Cross River.
  • "We have been, and continue to be, committed to expanding access to financial services and empowering underserved communities.

Cross River Teams Up with Atlanta-Based Organizations, The Empty Stocking Fund and Caden Teaches Finances, to Bring School Supplies and Financial Literacy to Local Students and Educators

Retrieved on: 
Thursday, August 17, 2023

To support the day’s event and local Atlanta teachers, Cross River provided a donation of free classroom and school supplies, through The ESF’s Teacher Store.

Key Points: 
  • To support the day’s event and local Atlanta teachers, Cross River provided a donation of free classroom and school supplies, through The ESF’s Teacher Store.
  • “I’m grateful that Cross River’s support will help me provide more school supplies and financial literacy education to Atlanta kids,” said Caden Harris, Founder of Caden Teaches Finances.
  • Remember, if Caden can, you can too!”
    The collaboration between Cross River, The ESF, and Caden Teaches Finances is emblematic of Cross River’s far-reaching philanthropic mission.
  • To access images and video from the event, please visit: Cross River, ESF & Caden Teaches Finance Media .

Aemetis Reports Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 3, 2023

CUPERTINO, CA, Aug. 03, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, today announced its financial results for the three and six months ended June 30, 2023.

Key Points: 
  • Delivered corn price decreased significantly from an average price of $10.21 per bushel during the second quarter of 2022 to $6.84 per bushel during the second quarter of 2023.
  • Gross profit for the second quarter of 2023 was $2.0 million, a significant improvement compared to a $0.2 million gross loss during the second quarter of 2022.
  • Interest expense during the second quarter of 2023 was $9.6 million, excluding accretion and other expenses in connection with Series A preferred units in our Aemetis Biogas LLC subsidiary, compared to $6.7 million during the second quarter of 2022.
  • Additionally, our Aemetis Biogas LLC subsidiary recognized $6.9 million of accretion and other expenses in connection with preference payments on its preferred stock during the second quarter of 2023 compared to $1.5 million during the second quarter of 2022.