First Bank of the United States

Independence National Historical Park Awarded $22.2 Million in Federal Funding to Rehabilitate Historic First Bank of the United States

Retrieved on: 
Monday, July 10, 2023
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Independence National Historical Park (INHP) has been awarded $22.2 million in federal funding from the Great American Outdoors Act (GAOA) Legacy Restoration Fund, to help rehabilitate the landmark First Bank of the United States building constructed in Philadelphia in the 1790s, with the intention to transform it into an interactive museum.

Key Points: 
  • Independence National Historical Park (INHP) has been awarded $22.2 million in federal funding from the Great American Outdoors Act (GAOA) Legacy Restoration Fund, to help rehabilitate the landmark First Bank of the United States building constructed in Philadelphia in the 1790s, with the intention to transform it into an interactive museum.
  • The First Bank of the United States was a central part of Secretary of the Treasury Alexander Hamilton's vision to create a national financial system that would knit together the economies of the 13 newly independent states.
  • The First Bank building is one of the first federal buildings constructed by the U.S. government and sits a mere 1,000 feet from Independence Hall.
  • With funding secured for the rehabilitation, the INHP and the Trust aim to open the First Bank by the 250th anniversary of the founding of the United States in 2026.

The First Bank and FHLB Dallas Provide $750K for Apartment Renovation

Retrieved on: 
Thursday, January 19, 2023
Residential Building & Real Estate, Banking, Construction & Property, Professional Services, Philanthropy, State, Local, Building Systems, Other Philanthropy, Fund Raising, Public Policy, Government, Finance, First Bank, Federal Home Loan Bank Board, Federal Home Loan Banks, Housing, Pakistan Tourism Development Corp, First Bank of the United States, FHLB, First, Neighbourly (community investment platform), AHP, Multimedia, Real estate

The First Bank (The First) and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $750,000 Affordable Housing Program (AHP) subsidy to Central Mississippi Housing and Development Corp. (CMHDC) for an extensive $3.9 million renovation of the 64-unit Canton Manor, a 1980s-era affordable housing apartment complex in Canton, Mississippi.

Key Points: 
  • The First Bank (The First) and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $750,000 Affordable Housing Program (AHP) subsidy to Central Mississippi Housing and Development Corp. (CMHDC) for an extensive $3.9 million renovation of the 64-unit Canton Manor, a 1980s-era affordable housing apartment complex in Canton, Mississippi.
  • “AHP funding from The First and FHLB Dallas helped move this project forward,” said Stanford Beasley, executive director of CMHDC.
  • “We are thankful for our ability to join with FHLB Dallas in helping to provide affordable housing in Canton.”
    In 2022, FHLB Dallas awarded $17.2 million in Affordable Housing Program (AHP) subsidies to 26 affordable housing projects.
  • “We appreciate The First’s commitment to supporting affordable housing,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.

ABCorp and BATS-TOI Partner to Manufacture Next Generation Smart Multisport Headgear with 3D Printing

Retrieved on: 
Thursday, December 15, 2022
MMA, National Federation of State High School Associations, First Bank, ABCorp, FDA, Head Injuries, Mercado, Safety, Engineering, 3D, Ecosystem, Sport, National Federation of Advanced Information Services, HITRUST, Health, First Bank of the United States, Polymer, Gladstone State High School, Trust, Secondary school, HIPPA, HP, History, ID, Stainless steel, NFHS, Athlete, Partnership, 3D printing
Key Points: 

    ABCorp and Unlimited Tomorrow Partner to Provide Free Prosthetic Limbs to Those in Need

    Retrieved on: 
    Thursday, March 3, 2022
    Bionics, Tomorrow, First Bank of the United States, Commercial, CEO, ABCorp, Transit, Technology, Partnership, Financial technology, Algorithm, GLOBE, Online shopping, 3D printing, Health care

    "Unlimited Tomorrow has revolutionized prosthetic limbs with TrueLimb.

    Key Points: 
    • "Unlimited Tomorrow has revolutionized prosthetic limbs with TrueLimb.
    • "We are humbled by this partnership to accelerate UTGI's mission to make prosthetic limbs more accessible to those in need," said Easton LaChappelle, Founder and CEO of Unlimited Tomorrow.
    • By combining the latest advancements in 3D technology with smart algorithms, Unlimited Tomorrow is putting affordable, high-functioning prosthetic arms within reach of millions of people who need them.
    • Unlimited Tomorrow Global Initiative is a non-profit affiliate of Unlimited Tomorrow, and its mission is foreveryone with need to have equal access to advanced prosthetics.

    New Hybrid Economic Model Unites Capitalism and Democracy; Could it Unite Americans as Well?

    Retrieved on: 
    Thursday, January 27, 2022
    Democracy, Efficiency, SAN, Government, First Bank of the United States, Life, Sale, Social science, Review, Forest Law Enforcement and Governance Program, Intention, Happiness, Budget, The Third Option, First Bank, Management, Capitalism

    "Social Science, Capitalism, and Democracy are all at a crossroads.

    Key Points: 
    • "Social Science, Capitalism, and Democracy are all at a crossroads.
    • Capitalism believes it doesn't need the other two, and if successful in eliminating them, will ironically destroy itself in the process.
    • "Democracy is not for sale; neither is Capitalism qualified to manage it...With Democracy's Version of Capitalism, both would finally do the jobs for which they are qualified."
    • Before this model could be implemented, Americans would need to vote for it.

    ABCORP REGISTERS TO BE A FOOD AND DRUG ADMINISTRATION MANUFACTURING FACILITY

    Retrieved on: 
    Thursday, January 6, 2022
    3D, Additive, Financial technology, Center of excellence, BASF, ABCorp, Printing, II, ISO, Solution, First Bank of the United States, AMC, PCI, HITRUST, Transit, Commercial, History, FDA, GLOBE, Desktop Metal, VP, Industry, Center, AMT, 3D printing, Health care

    The AMC is located in ABCorp's secure 125,000 s.f., state-of-the-art facility powered by multiple HP Jet Fusion 5210 industrial systems, Jet Fusion 580 full-color, and Desktop Metal production printers.

    Key Points: 
    • The AMC is located in ABCorp's secure 125,000 s.f., state-of-the-art facility powered by multiple HP Jet Fusion 5210 industrial systems, Jet Fusion 580 full-color, and Desktop Metal production printers.
    • FDA registration allows ABCorp to provide manufacturing services to all major medical device manufactures handling Class I, II, and limited Class III medical devices.
    • Additive manufacturing, including 3D printing, offers our clients complete design freedom and is nothing less than transformative for the medical device industry.
    • This technology spans prototyping, fitting, and even highly bespoke production," says Neil Glazebrook, VP of 3D Solutions at ABCorp.

    ABCorp Expands Library of Materials for Additive Manufacturing

    Retrieved on: 
    Tuesday, November 30, 2021
    Transit, AMT, ABCorp, Desktop Metal, Center of excellence, First Bank of the United States, VP, PA11, AMC, Center, Commercial, Financial technology, GLOBE, Printing, BASF, Catalog, Additive, Solution, 3D printing

    ABCorp addsNylon 11 (PA11)to the catalog of cutting-edge materials at the Additive Manufacturing Center (AMC) in Boston MA.

    Key Points: 
    • ABCorp addsNylon 11 (PA11)to the catalog of cutting-edge materials at the Additive Manufacturing Center (AMC) in Boston MA.
    • Today, ABCorp offers materials including HP 3D High Reusability PA 11, HP 3D High Reusability PA 12, BASF Ultrasint TPU01, HP 3D High Reusability PP enabled by BASF, full-color HP 3D High Reusability CB PA 12, and stainless steels of 174PH and 316L.
    • When we considered additional materials to complement our existing library of materials, PA11 was a natural fit.
    • Being more ductile and forgiving than other materials, PA11 is ideal for orthotics, living hinges, and numerous other applications," says Neil Glazebrook, VP of 3D Solutions at ABCorp.

    ABCORP ADDS IMPRESSIVE TECHNOLOGY TO THEIR ADDITIVE MANUFACTURING CENTER

    Retrieved on: 
    Thursday, November 11, 2021
    VP, Color, Commercial, Center, ABCorp, AMC, Center of excellence, Solution, Desktop Metal, First Bank of the United States, GLOBE, AMT, BASF, Printing, History, Financial technology, Additive, Transit, 3D printing

    BOSTON, Nov. 11, 2021 (GLOBE NEWSWIRE) -- American Banknote Corporation (ABCorp), one of the longest-standing manufacturing service providers in the U.S., announced the expansion of their Boston-based Center of Excellence capabilities.

    Key Points: 
    • BOSTON, Nov. 11, 2021 (GLOBE NEWSWIRE) -- American Banknote Corporation (ABCorp), one of the longest-standing manufacturing service providers in the U.S., announced the expansion of their Boston-based Center of Excellence capabilities.
    • ABCorp has addedadditional HP JF580 full-color 3D Printers to their lineup of cutting-edge technology at the Additive Manufacturing Center (AMC) in Boston, MA.
    • In addition, ABCorp also offers finishing with AMT's PostPro3D smoothing system.
    • "ABCorp has a history dating back 225+ years, providing Essential Critical goods & services to world-class companies and federal, state, and local government agencies in 120+ countries worldwide.

    First Bank Announces Increase to Quarterly Cash Dividend

    Retrieved on: 
    Monday, October 25, 2021
    Housing, Organization, Person, Private Securities Litigation Reform Act, Sumathi Best Television Current Reporting Award, Review, Communication, Time, Nature, Unemployment, Forward-looking statement, Nasdaq, Board, COVID-19, Acquisition, Risk, First Bank, GLOBE, First Bank of the United States, Director, Board of directors, Bank

    First Bank is deeply committed to driving long-term value for our shareholders through our quarterly cash dividend, said Patrick L. Ryan, President and Chief Executive Officer.

    Key Points: 
    • First Bank is deeply committed to driving long-term value for our shareholders through our quarterly cash dividend, said Patrick L. Ryan, President and Chief Executive Officer.
    • In recognition of our strong financial position and confidence in our strategy to continue to grow, the Board of Directors has approved an increase to the quarterly dividend to $0.06, representing an annualized yield of 1.57% based on our stocks $15.25 closing price on October 19, 2021.
    • The $0.06 dividend reflects a 100% increase from the cash dividend of $0.03 per share declared during the linked and prior year quarters and equates to a dividend payout ratio of just over 13% utilizing June 30, 2021 quarterly results.
    • This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that First Bank or persons acting on First Banks behalf may issue.