Financial services

OTTAWA SAVINGS BANK ANNOUNCES FILING OF APPLICATION TO CONVERT TO AN ILLINOIS-CHARTERED COMMERCIAL BANK AND CHANGE NAME TO “OSB COMMUNITY BANK”

Finance, Money, Economy, Financial services, Banks, Bank deposits, Deposit account, Deposit
Saturday, May 15, 2021 - 12:33am

From our customers\xe2\x80\x99 perspective, we will be better able to serve their expanding lending needs which reflect the evolving profile of the communities we serve.

Key Points: 
  • From our customers\xe2\x80\x99 perspective, we will be better able to serve their expanding lending needs which reflect the evolving profile of the communities we serve.
  • While increasing our operational flexibility, the conversion will not affect the terms and conditions of our customers\xe2\x80\x99 deposit accounts or loans.
  • The Bank offers various deposit accounts, including checking, money market, regular savings, club savings, certificates of deposit, and various retirement accounts.
  • Ottawa Savings Bank, FSB was founded in 1871 and is headquartered in Ottawa, Illinois.

JPMorgan Chase Declares Preferred Stock Dividends

Banking, Professional services, Finance, House of Morgan, Finance, Economy of New York City, Financial services, JPMorgan Chase, Primary dealers, Chase Bank, JPM, Dow Jones Industrial Average, New York Stock Exchange
Friday, May 14, 2021 - 9:41pm

b"JPMorgan Chase & Co. (NYSE: JPM) (\xe2\x80\x9cJPMorgan Chase\xe2\x80\x9d or the \xe2\x80\x9cFirm\xe2\x80\x9d) has declared dividends on the outstanding shares of the Firm\xe2\x80\x99s Series V preferred stock.

Key Points: 
  • b"JPMorgan Chase & Co. (NYSE: JPM) (\xe2\x80\x9cJPMorgan Chase\xe2\x80\x9d or the \xe2\x80\x9cFirm\xe2\x80\x9d) has declared dividends on the outstanding shares of the Firm\xe2\x80\x99s Series V preferred stock.
  • Information can be found on the Firm\xe2\x80\x99s Investor Relations website at https://www.jpmorganchase.com/ir/news .\nJPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide.
  • A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
  • Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005541/en/\n"

The National Security Group, Inc. Releases Financial Results

Insurance, Professional services, Finance, Banks, Financial services, Subprime mortgage crisis, Primary dealers, UBS, Warburg family
Friday, May 14, 2021 - 9:30pm

The P&C segment was the primary source of the decrease with overall claims down $1,280,000 in first quarter 2021 compared to first quarter of 2020.

Key Points: 
  • The P&C segment was the primary source of the decrease with overall claims down $1,280,000 in first quarter 2021 compared to first quarter of 2020.
  • Through this process of re-underwriting, we will work through substantially all of our annual policy renewals by December 31, 2021.
  • In addition, reported fire losses were down $270,000 during the first quarter of 2021 compared to the first quarter of 2020.
  • Reported fire losses totaled $3,270,000, for the three months ended March 31, 2021, and added 23.7 percentage points to the 2021 combined ratio.

Gabelli Go Anywhere Trust Declares Second Quarter Distribution of $0.05 Per Share

Banking, Professional services, Finance, Finance, Financial services, Money, Mario Gabelli, GAMCO Investors, Investment management, Net asset value
Friday, May 14, 2021 - 9:05pm

The Board of Trustees will continue to monitor the Fund\xe2\x80\x99s distribution level, taking into consideration the Fund\xe2\x80\x99s net asset value and the financial market environment.

Key Points: 
  • The Board of Trustees will continue to monitor the Fund\xe2\x80\x99s distribution level, taking into consideration the Fund\xe2\x80\x99s net asset value and the financial market environment.
  • The Fund\xe2\x80\x99s distribution policy is subject to modification by the Board of Trustees at any time, and there can be no guarantee that the policy will continue.
  • Shareholders should not draw any conclusions about the Fund\xe2\x80\x99s investment performance from the amount of the current distribution.
  • The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).\n'

Gabelli Go Anywhere Trust Series A Cumulative Preferred Shares Declares $0.50 Quarterly Dividend and Announces Intention to Redeem

Banking, Professional services, Finance, Finance, Financial services, Mario Gabelli, Economy of the United States, GAMCO Investors, Investment
Friday, May 14, 2021 - 9:05pm

Based on the accounting records of the Fund currently available, the distributions paid to preferred shareholders in 2021 would include approximately 2% from net investment income and 98% from net capital gains on a book basis.

Key Points: 
  • Based on the accounting records of the Fund currently available, the distributions paid to preferred shareholders in 2021 would include approximately 2% from net investment income and 98% from net capital gains on a book basis.
  • The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website ( www.gabelli.com ).
  • The final determination of the sources of all distributions in 2021 will be made after year end and can vary from the quarterly estimates.
  • The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).\n'

State Auto Financial Declares 120th Consecutive Quarterly Dividend

General Automotive, Professional services, Insurance, Automotive, Insurance, Types of insurance, Actuarial science, General insurance, Financial services in the United States, Financial services, Kemper Corporation
Friday, May 14, 2021 - 6:30pm

This is the 120th consecutive quarterly cash dividend declared by the company's board since STFC had its initial public offering of common stock in 1991.\nState Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company.

Key Points: 
  • This is the 120th consecutive quarterly cash dividend declared by the company's board since STFC had its initial public offering of common stock in 1991.\nState Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company.
  • STFC stock is traded on the NASDAQ Global Select Market, which represents the top fourth of all NASDAQ listed companies.\nThe insurance subsidiaries of State Auto Financial Corporation are part of the State Auto Group.
  • The State Auto Group is rated A- (Excellent) by the A.M. Best Company and includes State Automobile Mutual, State Auto Property & Casualty, State Auto Ohio, State Auto Wisconsin, Milbank, Meridian Security, Patrons Mutual, Rockhill Insurance, Plaza Insurance, American Compensation and Bloomington Compensation.
  • Additional information on State Auto Financial Corporation and the State Auto Insurance Companies can be found online at http://www.StateAuto.com/STFC .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005439/en/\n"

$300 Million UBS Team Joins Pallas Capital Advisors

Finance, Financial services, Money, Financial advisors, Financial adviser, UBS
Friday, May 14, 2021 - 6:17pm

b'BRAINTREE, Mass., May 14, 2021 /PRNewswire/ --Pallas Capital Advisors, LLC ("Pallas Capital") is pleased to announce today that a four-person team, led by Mr. Joseph A. Cullen, CFP, joined the growing team of experienced wealth advisors at the firm.

Key Points: 
  • b'BRAINTREE, Mass., May 14, 2021 /PRNewswire/ --Pallas Capital Advisors, LLC ("Pallas Capital") is pleased to announce today that a four-person team, led by Mr. Joseph A. Cullen, CFP, joined the growing team of experienced wealth advisors at the firm.
  • Cullen, who manages over $300 million, brings with him over twenty years of industry experience, most recently as a Financial Advisor at UBS.
  • "\nTo learn more about Pallas Capital and the services the firm provides, please visit www.pallascapitaladvisors.com .\nPallas Capital Advisors , LLC is a comprehensive wealth management firm with locations in the Northeast, led by Co-Founders Richard Mullen,Charles Evangelakos, and Greg Boyle.
  • Advisory services are only offered to clients or prospective clients where Pallas Capital Advisors and its representatives are properly licensed or exempt from licensure.SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the advisor has attained a particular level of skill or ability.\nFidelity Investments and Fidelity Institutional (together "Fidelity") is an independent company, unaffiliated with Pallas Capital Advisors ("Pallas Capital").

Old Republic Announces Senior Management Change and Two Management Appointments in its Accounting and Finance Executive Group

Certified Public Accountant, Ori, Accounting, New York Stock Exchange, Financial services, Finance
Friday, May 14, 2021 - 6:00pm

b'CHICAGO, May 14, 2021 /PRNewswire/ --Old Republic International Corporation (NYSE: ORI) today announced the following changes in its Accounting and Finance Executive Group.

Key Points: 
  • b'CHICAGO, May 14, 2021 /PRNewswire/ --Old Republic International Corporation (NYSE: ORI) today announced the following changes in its Accounting and Finance Executive Group.
  • The changes are occasioned by Karl Mueller\'s decision to retire as ORI\'s Chief Financial Officer, effective June 30, 2021.
  • The decision ends a highly successful 40-year career that began in public accounting, with the last 17 years dedicated to ORI\'s business.
  • Frank, a CPA by profession, was most recently ORI\'s Deputy Chief Financial Officer, and brings solid insurance accounting and finance experience garnered during the past 26 years.

Western Union Announces $0.235 Quarterly Dividend

Banking, Professional services, Finance, Digital currencies, Payment systems, New York Stock Exchange, Digital wallet, Finance, Financial services
Friday, May 14, 2021 - 6:00pm

b'The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced today that its board of directors declared a quarterly cash dividend of $0.235 per common share, payable June 30, 2021 to stockholders of record at the close of business on June 16, 2021.\nThe Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments.

Key Points: 
  • b'The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, announced today that its board of directors declared a quarterly cash dividend of $0.235 per common share, payable June 30, 2021 to stockholders of record at the close of business on June 16, 2021.\nThe Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments.
  • Western Union\xe2\x80\x99s platform provides seamless cross-border flows and its leading global financial network bridges more than 200 countries and territories and over 130 currencies.
  • We connect businesses, financial institutions, governments, and consumers through one of the world\xe2\x80\x99s widest reaching networks, accessing billions of bank accounts, millions of digital wallets and cards, and over half a million retail locations.
  • Western Union connects the world to bring boundless possibilities within reach.

Fortis Inc. Announces Closing of Offering of Senior Unsecured Notes

Financial services, S&P/TSX 60, Fortis Inc., Fortis, XC2, Banking, Banks
Friday, May 14, 2021 - 4:35pm

b'Not for distribution to U.S. news wire services or dissemination in the United States\nST.

Key Points: 
  • b'Not for distribution to U.S. news wire services or dissemination in the United States\nST.
  • JOHN\'S, Newfoundland and Labrador, May 14, 2021 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX:FTS) announced today that it has closed its offering (the "Offering") of $500,000,000 aggregate principal amount of 2.18% senior unsecured notes due May 15, 2028 (the "Notes").
  • The Corporation\'s 9,000\xc2\xa0employees serve utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.\nFortis\xe2\x80\x99 shares are listed on the Toronto Stock Exchange and trade under the symbol FTS.
  • Additional information can be accessed at www.fortisinc.com, www.sedar.com or www.sec.gov.\nA .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/98a2da85-7a82-462e-b63c-43...\n'