Banking

SBB Research Group Names May 2021 Grant Finalists: Momma Chef’s Soup Kitchen, Special Gifts Theatre, Veterans of Foreign Wars Post 5531

Friday, May 14, 2021 - 6:59am

The employees will then vote to allocate the company\xe2\x80\x99s monthly grant awards.

Key Points: 
  • The employees will then vote to allocate the company\xe2\x80\x99s monthly grant awards.
  • Each finalist will receive at least $1,000 in donations.\nLast month, Henry Williams Love Foundation received $5,000 to provide short-term supportive services and advocacy to youth and families in need.
  • \xe2\x80\x9cWe are proud to support HWLF.
  • Said Matt Aven, SBB Research Group\xe2\x80\x99s COO.

ScholarShare 529 to Offer Families College Savings Stimulus for 529 Day

Friday, May 14, 2021 - 1:22am

ScholarShare 529, California\xe2\x80\x99s official college savings plan, is commemorating 529 Day (May 29) by offering a $50 bonus for families who open a new account with $50 or more, and set up recurring contributions of $25 or more for six months.\n\xe2\x80\x9cI encourage every family to take advantage of the ScholarShare 529 Day offer,\xe2\x80\x9d said Julio Martinez, Executive Director of the ScholarShare Investment Board.

Key Points: 
  • ScholarShare 529, California\xe2\x80\x99s official college savings plan, is commemorating 529 Day (May 29) by offering a $50 bonus for families who open a new account with $50 or more, and set up recurring contributions of $25 or more for six months.\n\xe2\x80\x9cI encourage every family to take advantage of the ScholarShare 529 Day offer,\xe2\x80\x9d said Julio Martinez, Executive Director of the ScholarShare Investment Board.
  • \xe2\x80\x9cThis extra $50 boost can be a tremendous help when opening a savings account, especially if you have multiple children.
  • If a student decides not to attend college, the account may be switched to another eligible beneficiary, at no cost.\nScholarShare 529 serves as California\xe2\x80\x99s official college savings plan.
  • ScholarShare 529 manages $12.2 billion in plan assets across more than 359,000 accounts as of 4/30/2021.\nTo open a ScholarShare 529 account or get more information about the plan, visit https://www.scholarshare-espanol.com/ .

CBB Bancorp Announces Receipt of Regulatory Approvals for Acquisition

Friday, May 14, 2021 - 12:45am

b'CBB Bancorp, Inc. (\xe2\x80\x9cCompany\xe2\x80\x9d) (OTCQX: CBBI) announced today that it has received all regulatory approvals required to complete its previously announced agreement to acquire Ohana Pacific Bank, located in Honolulu, Hawaii.

Key Points: 
  • b'CBB Bancorp, Inc. (\xe2\x80\x9cCompany\xe2\x80\x9d) (OTCQX: CBBI) announced today that it has received all regulatory approvals required to complete its previously announced agreement to acquire Ohana Pacific Bank, located in Honolulu, Hawaii.
  • The Company also announced that the Ohana Pacific Bank stockholders have approved the transaction.\nThe transaction is expected to be completed in the third quarter of this year, subject to satisfaction of customary closing conditions.\nCBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in small- to medium-sized businesses and does business as \xe2\x80\x9cCBB Bank.\xe2\x80\x9d The Bank has eight full-service branches in Los Angeles, Orange, and Dallas Counties; two SBA regional offices in Los Angeles and Dallas Counties; and five loan production offices in Texas, Georgia, Colorado, and Washington.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513006098/en/\n'

Zions Bancorporation to Present at the Barclays Americas Select Franchise Conference

Thursday, May 13, 2021 - 11:33pm

b"Scott McLean, President & COO of Zions Bancorporation (NASDAQ: ZION), will make a presentation at the Barclays Americas Select Franchise Conference, Tuesday, May 18 at 9:00 a.m.

Key Points: 
  • b"Scott McLean, President & COO of Zions Bancorporation (NASDAQ: ZION), will make a presentation at the Barclays Americas Select Franchise Conference, Tuesday, May 18 at 9:00 a.m.
  • A live webcast of the session may be accessed on the Zions Bancorporation website, zionsbancorporation.com .
  • The webcast will also be archived and available on the website for 30 days.\nZions Bancorporation, N.A.
  • Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.

Exicure Announces Appointment of Brian C. Bock as Chief Financial Officer (CFO)

Thursday, May 13, 2021 - 10:24pm

b'Exicure, Inc.\xc2\xae (NASDAQ: XCUR), a pioneer in gene regulatory and immunotherapeutic drugs utilizing spherical nucleic acid (SNA\xe2\x84\xa2) technology, today announced the appointment of Brian C. Bock as the Company\xe2\x80\x99s Chief Financial Officer (CFO) effective immediately.\nThis press release features multimedia.

Key Points: 
  • b'Exicure, Inc.\xc2\xae (NASDAQ: XCUR), a pioneer in gene regulatory and immunotherapeutic drugs utilizing spherical nucleic acid (SNA\xe2\x84\xa2) technology, today announced the appointment of Brian C. Bock as the Company\xe2\x80\x99s Chief Financial Officer (CFO) effective immediately.\nThis press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20210513006058/en/\n\xe2\x80\x9cExicure\xe2\x80\x99s proprietary SNA platform technology holds great potential for treating unmet neurological and rare diseases.
  • I am pleased to be joining such a talented and dedicated team,\xe2\x80\x9d said Mr. Bock, CFO of Exicure.
  • Bock brings over 20 years of life science investment banking, mergers and acquisitions and partnering experience to the Company.

Schwab Declares Preferred Stock Dividend

Thursday, May 13, 2021 - 9:59pm

b'The Board of Directors of The Charles Schwab Corporation has declared a semi-annual dividend on the outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A in the amount of $35 per share.

Key Points: 
  • b'The Board of Directors of The Charles Schwab Corporation has declared a semi-annual dividend on the outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A in the amount of $35 per share.
  • Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products.
  • TD Ameritrade Holding Corporation is a wholly-owned subsidiary of The Charles Schwab Corporation.
  • TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513006049/en/\n'

Midwest Holding Inc. Expands Board of Directors to Nine Members with Two New Nominations

Thursday, May 13, 2021 - 9:46pm

From 2015 to 2017, Ms. Callahan served as Chief of Staff to an SAP Board Member for the SAP Business Networks and Applications Group.

Key Points: 
  • From 2015 to 2017, Ms. Callahan served as Chief of Staff to an SAP Board Member for the SAP Business Networks and Applications Group.
  • Additionally, she has completed the Women Board Directors Development Program with the Foster School of Business at the University of Washington.\nDiane Davis.
  • Additionally, Ms. Davis is currently serving, since 2014, as Board Member of the Habitat for Humanity for Seattle-King County.
  • Midwest originates, manages and transfers these annuities through reinsurance arrangements to asset managers and other third-party investors, who are actively seeking these financially attractive products.

Community Bank System, Inc. Announces Quarterly Common Stock Dividend and Results of Annual Shareholders’ Meeting

Thursday, May 13, 2021 - 10:00pm

b'Community Bank System, Inc. (NYSE: CBU) (the \xe2\x80\x9cCompany\xe2\x80\x9d) announced that it has declared a quarterly cash dividend of $0.42 per share on its common stock.

Key Points: 
  • b'Community Bank System, Inc. (NYSE: CBU) (the \xe2\x80\x9cCompany\xe2\x80\x9d) announced that it has declared a quarterly cash dividend of $0.42 per share on its common stock.
  • The dividend will be payable on July 9, 2021 to Shareholders of record as of June 15, 2021.
  • Community Bank System, Inc. is listed on the New York Stock Exchange and the Company\xe2\x80\x99s stock trades under the symbol CBU.
  • For more information about Community Bank visit www.cbna.com or http://ir.communitybanksystem.com .\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Heritage Global Inc. Announces 2021 First Quarter Results

Thursday, May 13, 2021 - 9:15pm

To access the replay, dial 844-512-2921 (domestic) or 412-317-6671 (international).

Key Points: 
  • To access the replay, dial 844-512-2921 (domestic) or 412-317-6671 (international).
  • Adjusted EBITDA reflects EBITDA adjusted further to eliminate the effects of stock-based compensation and any goodwill impairments.
  • Management uses EBITDA and Adjusted EBITDA in assessing the Company\xe2\x80\x99s results, evaluating the Company\xe2\x80\x99s performance and in reaching operating and strategic decisions.
  • Heritage Global focuses on identifying, valuing, acquiring and monetizing underlying tangible and intangible assets across twenty-eight global sectors.

AMTD International Inc. Closes 2020 with Strong Results Amid COVID

Thursday, May 13, 2021 - 9:10pm

Despite the challenging global market environment during COVID, AMTD International achieved solid business performance and delivered an upbeat set of results in 2020: the Company recorded a net profit of HK$1,139 million, a 37.1% year-on-year increase, total equity reached HK$9.7 billion, and assets under management at over HK$26 billion, reaching a new height in AMTD International\xe2\x80\x99s operating history.

Key Points: 
  • Despite the challenging global market environment during COVID, AMTD International achieved solid business performance and delivered an upbeat set of results in 2020: the Company recorded a net profit of HK$1,139 million, a 37.1% year-on-year increase, total equity reached HK$9.7 billion, and assets under management at over HK$26 billion, reaching a new height in AMTD International\xe2\x80\x99s operating history.
  • Its comprehensive one-stop financial service solutions strategy addresses different clients\xe2\x80\x99 diverse and inter-connected financial needs across all phases of their life cycles.
  • These forward-looking statements can be identified by terminology such as \xe2\x80\x9cwill,\xe2\x80\x9d \xe2\x80\x9cexpects,\xe2\x80\x9d \xe2\x80\x9canticipates,\xe2\x80\x9d \xe2\x80\x9caims,\xe2\x80\x9d \xe2\x80\x9cfuture,\xe2\x80\x9d \xe2\x80\x9cintends,\xe2\x80\x9d \xe2\x80\x9cplans,\xe2\x80\x9d \xe2\x80\x9cbelieves,\xe2\x80\x9d \xe2\x80\x9cestimates,\xe2\x80\x9d \xe2\x80\x9clikely to,\xe2\x80\x9d and similar statements.
  • Statements that are not historical facts, including statements about AMTD\xe2\x80\x99s beliefs, plans, and expectations, are forward-looking statements.