Bank

Origence and Eltropy Partner to Deliver Streamlined Loan Origination Experience

Retrieved on: 
Thursday, December 1, 2022

With the partnership, Eltropy will integrate its lending communication capabilities into Origence arc OS, the companys loan and account origination system.

Key Points: 
  • With the partnership, Eltropy will integrate its lending communication capabilities into Origence arc OS, the companys loan and account origination system.
  • As a result, loan origination staff can work more effectively and productively with higher close rates, fewer abandonments, and SMS messaging features that increase member satisfaction and create a better user experience during the loan process.
  • Eltropy messaging solutions will streamline that borrower experience even more resulting in the ultimate loan origination experience for members and potential members.
  • Origence is a credit union service organization (CUSO) providing financial technology that elevates the origination experience to increase loan volume, create efficiencies, and grow accounts.

Triumph Bancorp Rebrands to Triumph Financial

Retrieved on: 
Thursday, December 1, 2022

DALLAS, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. today announced the completion of an extensive rebranding effort, including a change of the company name to Triumph Financial, Inc. (the Company or Triumph Financial).

Key Points: 
  • DALLAS, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. today announced the completion of an extensive rebranding effort, including a change of the company name to Triumph Financial, Inc. (the Company or Triumph Financial).
  • In addition to the Triumph Financial rebranding, the brands Triumph Business Capital, Triumph Insurance Group and Triumph Commercial Finance have consolidated factoring, insurance and banking services for the transportation industry to go to market as a single brand Triumph.
  • The new Triumph Financial name and logo reflect our evolution from a bank holding company to a financial and technology company focused on payments, factoring and banking, said Aaron P. Graft, vice chairman and chief executive officer of Triumph Financial.
  • Factoring products and services offered by Triumph Financial Services LLC, a subsidiary of TBK Bank, SSB, DBA Triumph.

Zions Bancorporation to Present at the Goldman Sachs 2022 US Financial Services Conference

Retrieved on: 
Thursday, December 1, 2022

Harris Simmons, Chairman and CEO of Zions Bancorporation (NASDAQ: ZION), will make a presentation at the Goldman Sachs 2022 US Financial Services Conference, Tuesday, December 6 at 3:00 pm ET.

Key Points: 
  • Harris Simmons, Chairman and CEO of Zions Bancorporation (NASDAQ: ZION), will make a presentation at the Goldman Sachs 2022 US Financial Services Conference, Tuesday, December 6 at 3:00 pm ET.
  • A live webcast of the session may be accessed on the Zions Bancorporation website, zionsbancorporation.com .
  • is one of the nations premier financial services companies with 2022 annualized (through September 30, 2022) net revenue of $3.0 billion and more than $85 billion in total assets.
  • In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices.

Delaware Ivy High Income Opportunities Fund Announces Distribution

Retrieved on: 
Thursday, December 1, 2022

Today, Delaware Ivy High Income Opportunities Fund (the Fund), a New York Stock Exchange listed closed-end fund trading under the symbol IVH, declared a monthly distribution of $0.073 per common share.

Key Points: 
  • Today, Delaware Ivy High Income Opportunities Fund (the Fund), a New York Stock Exchange listed closed-end fund trading under the symbol IVH, declared a monthly distribution of $0.073 per common share.
  • The distribution is expected to be paid from net investment income (regular interest and dividends).
  • The Funds investment objective is to seek to provide total return through a combination of a high level of current income and capital appreciation.
  • In addition, the Fund utilizes leveraging techniques in an attempt to obtain a higher return for the Fund.

Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds

Retrieved on: 
Thursday, December 1, 2022

Investors should not draw any conclusions about a Funds investment performance from the amount of its distribution or from the terms of its managed distribution plan.

Key Points: 
  • Investors should not draw any conclusions about a Funds investment performance from the amount of its distribution or from the terms of its managed distribution plan.
  • The Funds Board may amend or terminate the managed distribution plan at any time without prior notice to Fund shareholders.
  • The Distribution Rate at Market Price is based on the Fund's most recent regular distribution per share (annualized) divided by the Funds market price at the end of the period.
  • Eaton Vance is a part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.

Guild Mortgage Acquires Inlanta Mortgage, Wisconsin-Based Lender Operating in 27 States

Retrieved on: 
Thursday, December 1, 2022

Guild Mortgage (NYSE: GHLD), a growth-oriented mortgage lending company originating and servicing residential loans since 1960, has acquired Inlanta Mortgage, Inc., a Wisconsin-based independent lender serving borrowers in 27 states.

Key Points: 
  • Guild Mortgage (NYSE: GHLD), a growth-oriented mortgage lending company originating and servicing residential loans since 1960, has acquired Inlanta Mortgage, Inc., a Wisconsin-based independent lender serving borrowers in 27 states.
  • Its culture and values mirror what weve been building at Guild for more than 60 years.
  • Founded in 1960 when the modern U.S. mortgage industry was just forming, Guild Mortgage Company is a nationally recognized independent mortgage lender providing residential mortgage products and local in-house origination and servicing.
  • Guild Mortgage Company is a wholly owned subsidiary of Guild Holdings Company, whose shares of Class A common stock trade on the New York Stock Exchange under the symbol GHLD.

U.S. Bancorp Updates Schedule for Earnings Conference Calls

Retrieved on: 
Thursday, December 1, 2022

U.S. Bancorp (NYSE: USB) announced today that it has completed the acquisition of MUFG Union Banks core regional banking franchise.

Key Points: 
  • U.S. Bancorp (NYSE: USB) announced today that it has completed the acquisition of MUFG Union Banks core regional banking franchise.
  • Subsequently, U.S. Bancorp has updated its schedule of conference calls to review quarterly financial results.
  • U.S. Bancorp, with approximately 70,000 employees and $601 billion in assets as of September 30, 2022, is the parent company of U.S. Bank National Association.
  • The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services.

FIRST BANK & TRUST COMPANY CONTINUES NORTH CAROLINA EXPANSION

Retrieved on: 
Thursday, December 1, 2022

ABINGDON, Va., Dec. 1, 2022 /PRNewswire/ -- First Bank & Trust Company continues its North Carolina expansion, adding full-service operations in Lillington, North Carolina, recruiting top agriculture lending specialists throughout the region and growing the mortgage lending team in Red Oak, North Carolina.

Key Points: 
  • ABINGDON, Va., Dec. 1, 2022 /PRNewswire/ -- First Bank & Trust Company continues its North Carolina expansion, adding full-service operations in Lillington, North Carolina, recruiting top agriculture lending specialists throughout the region and growing the mortgage lending team in Red Oak, North Carolina.
  • First Bank & Trust Company's Lillington, North Carolina branch, which opened as a loan production office in late 2021, is the bank's third location in North Carolina and 26th full-service location across Virginia, Tennessee and North Carolina.
  • With eight additional loan production offices, First Bank & Trust Company now offers 34 total locations .
  • President & CEO, Mark Nelson, said, "The expansion of our services throughout North Carolina is directly attributable to the dedication of our team members.

Achieve Announces Close of Innovative, $175M HELOC Securitization

Retrieved on: 
Thursday, December 1, 2022

SAN MATEO, Calif., Dec. 1, 2022 /PRNewswire/ -- Achieve, the leader in digital personal finance, announces the closing of a first-of-its-kind, AAA-rated securitization backed by $175 million in newly-originated home equity lines of credit (HELOCs).

Key Points: 
  • SAN MATEO, Calif., Dec. 1, 2022 /PRNewswire/ -- Achieve , the leader in digital personal finance, announces the closing of a first-of-its-kind, AAA-rated securitization backed by $175 million in newly-originated home equity lines of credit (HELOCs).
  • The securitization, FREED Mortgage Trust 2022-HE1, consists of three classes of rated notes backed by nearly 3,300 HELOCs originated by Achieve Loans.
  • "But what makes this securitization truly unique is the consumer-centric nature of the Achieve HELOCs backing the deal."
  • The HELOC transaction is the 15th securitization by the Freedom Consumer Credit Fund (FCCF), an investment fund managed by Freedom Financial Asset Management (FFAM), an Achieve company.

Intuit to Acquire Financial Health Startup SeedFi

Retrieved on: 
Thursday, December 1, 2022

By reporting these payments to the credit bureaus, members took steps toward improving their financial health.

Key Points: 
  • By reporting these payments to the credit bureaus, members took steps toward improving their financial health.
  • SeedFi has a similar mission to help consumers become financially fit, so joining forces just makes sense, said SeedFi co-founder and CEO Jim McGinley.
  • The transaction between Intuit and McBurberod Financial, Inc. which does business as SeedFi, is subject to closing conditions, and is expected to close in the coming months.
  • 1 Credit Builder plan is serviced by SeedFi and requires a no-fee SeedFi line of credit and SeedFi savings account provided by Cross River Bank, Member FDIC.