Financial services

Harris Williams Advises Kissner Group Holdings on its Sale to Stone Canyon Industries Holdings for $2 Billion

Natural Resources, Other Manufacturing, Finance, Steel, Banking, Professional services, Mining, Minerals, Manufacturing, Investment banks, Harris Williams & Co., Financial services
Wednesday, April 1, 2020 - 9:39pm

The transaction was led by Tim Webb , Brad Morrison , Ty Denoncourt and Chris Toussaint of the Harris Williams Industrials Group and Joe Conner of the firms Transportation & Logistics (T&L) Group .

Key Points: 
  • The transaction was led by Tim Webb , Brad Morrison , Ty Denoncourt and Chris Toussaint of the Harris Williams Industrials Group and Joe Conner of the firms Transportation & Logistics (T&L) Group .
  • For more information on the firms Industrials Group and other recent transactions, visit the Industrials Groups section of the Harris Williams website.
  • For more information on the firms T&L Group and other recent transactions, visit the T&L Groups section of the Harris Williams website.
  • Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

Elmer Bancorp, Inc. Postpones Annual Meeting

Banking, Professional services, Finance, Financial services, Bank regulation in the United States, Banking, Finance, Federal Deposit Insurance Corporation, Deposit insurance
Wednesday, April 1, 2020 - 9:15pm

In addition, the Company announced that due to health concerns surrounding the COVID-19 outbreak and to support the health and well-being of our meeting participants, the Annual Meeting of Stockholders normally held in the first week of May has been scheduled for August 4, 2020 in a video format only.

Key Points: 
  • In addition, the Company announced that due to health concerns surrounding the COVID-19 outbreak and to support the health and well-being of our meeting participants, the Annual Meeting of Stockholders normally held in the first week of May has been scheduled for August 4, 2020 in a video format only.
  • Stockholders will be able to access the meeting by entering the voting control number found on their proxy card, which is expected to be mailed on, or about, July 1, 2020.
  • The First National Bank of Elmer, a nationally chartered bank headquartered in Elmer, New Jersey, has a long history of serving the community since its beginnings in 1903.
  • Deposits at The First National Bank of Elmer are insured up to the legally maximum amount by the Federal Deposit Insurance Corporation (FDIC).

Regions Bank Closes on Ascentium Capital acquisition

Professional services, Small business, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Economy, Financial services, Money, Smith, Bank, Automated teller machine
Wednesday, April 1, 2020 - 9:30pm

Regions Bank today announced it has completed the acquisition of Ascentium Capital, an independent equipment finance lender serving small businesses.

Key Points: 
  • Regions Bank today announced it has completed the acquisition of Ascentium Capital, an independent equipment finance lender serving small businesses.
  • We are pleased to welcome Ascentium Capital teammates and small business customers to Regions, said Ronnie Smith, senior executive vice president and head of the Regions Corporate Banking Group.
  • Ascentium Capital provides financing of essential-use equipment for small business customers through a technology-enabled model that delivers same-day credit decisions and funding.
  • Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,400 banking offices and 2,000 ATMs.

Anchor Loans Hires Senior Mortgage Banking Executive Andy Pollock as Chief Operating Officer

Loans, Mortgage loan, GE Capital, Mortgage insurance, Finance, Financial services
Wednesday, April 1, 2020 - 6:44pm

CALABASAS, Calif., April 1, 2020 /PRNewswire/ --Anchor Loans, the nation's leading provider of financing to fix-and-flip entrepreneurs, has announced the hire of Andy Pollock as the Chief Operating Officer.

Key Points: 
  • CALABASAS, Calif., April 1, 2020 /PRNewswire/ --Anchor Loans, the nation's leading provider of financing to fix-and-flip entrepreneurs, has announced the hire of Andy Pollock as the Chief Operating Officer.
  • Mr. Pollock brings over 25 years of successful mortgage banking and lending experience to Anchor's platform.
  • Most recently, Andy served as Senior Relationship Manager with the Radian Group (NYSE: RDN), a global provider of mortgage insurance and mortgage real estate risk management solutions.
  • "We are excited to have Andy join the Anchor Loans team and lead our operational excellence, client care and commitment to quality," said Anchor's President & CEO, Steve Pollack of bringing Andy on as Chief Operating Officer.

CIBC announces fully digital application process for the new Canada Emergency Business Account, expects over 150,000 eligible small business clients to apply

Canadian Imperial Bank of Commerce, Financial services, Finance, Economy of Toronto, Bank, Oppenheimer Holdings, CIBC Mellon
Wednesday, April 1, 2020 - 4:30pm

The new digital application process will allow small business owners who bank with CIBC to apply for the CEBA in just minutes once the loans are available beginning the week of April 6th.

Key Points: 
  • The new digital application process will allow small business owners who bank with CIBC to apply for the CEBA in just minutes once the loans are available beginning the week of April 6th.
  • Once the loan is processed, funds will be deposited directly to their CIBC Business Operating Account.
  • The actions we are taking are geared towards doing everything we can to support our small business clients."
  • CIBC is a leading Canadian-based global financial institution with 10 million personal banking, business, public sector and institutional clients.

SB ONE BANK HIRES PAUL J. DALEY, SENIOR VICE PRESIDENT, NEW YORK METRO TEAM LEADER

Financial services, Economy, Banks, Money, Banking, Economic history of Italy, National bank
Wednesday, April 1, 2020 - 8:00pm

PARAMUS, N.J., April 01, 2020 (GLOBE NEWSWIRE) -- SB One Bank announced today that Paul J. Daley has joined the bank as Senior Vice President, New York Metro Team Leader based in Astoria.

Key Points: 
  • PARAMUS, N.J., April 01, 2020 (GLOBE NEWSWIRE) -- SB One Bank announced today that Paul J. Daley has joined the bank as Senior Vice President, New York Metro Team Leader based in Astoria.
  • He will primarily be responsible for managing and developing the commercial business opportunities in the New York Metro marketplace.
  • Paul will be an excellent ambassador for the New York market which is a market of significant growth for the Bank, said Anthony DeSenzo, Executive Vice President and Head of Commercial Lending, SB One Bank.
  • He joins SB One Bank from The First National Bank of Long Island and prior to that held positions at National Westminster Bank and North Fork Bank.

Xtensifi Adds Open Banking Consulting as a Service for Financial Institutions, Fintech Firms

Professional services, Technology, Finance, Software, Consulting, Banking, Economy, Finance, Money, Financial services, Financial markets, Banking, Financial technology, Open banking, Bank, Financial institution, Social media in the financial services sector, Draft:Mumbai Fintech Hub
Wednesday, April 1, 2020 - 5:50pm

Xtensifi , a digital consulting and development firm that enables financial institutions and fintech providers to create and execute their mobile and online strategies, announced its new open banking consulting service for both financial institutions and financial technology firms.

Key Points: 
  • Xtensifi , a digital consulting and development firm that enables financial institutions and fintech providers to create and execute their mobile and online strategies, announced its new open banking consulting service for both financial institutions and financial technology firms.
  • Xtensifi enables banks and credit unions to be the primary hub for when and where consumers authorize their data.
  • Xtensifi helps to facilitate legal, fully-compliant connections between fintech firms and financial institutions.
  • Xtensifi is a specialized digital consulting and development firm that works with banks, credit unions, fintech providers and other organizations of all sizes.

Smith Technologies Completes Acquisition by Francisco Partners and Rebrands as RedSail Technologies

Health, Data management, Pharmaceutical, Technology, Software, Baird, Finance, Financial services
Wednesday, April 1, 2020 - 4:12pm

Francisco Partners, a leading technology-focused growth equity firm, has completed its acquisition of Smith Technologies, a leader in pharmacy technology and public sector software, from J M Smith Corporation.

Key Points: 
  • Francisco Partners, a leading technology-focused growth equity firm, has completed its acquisition of Smith Technologies, a leader in pharmacy technology and public sector software, from J M Smith Corporation.
  • The investment by Francisco Partners will help the company accelerate its growth strategy as an independent entity.
  • As it embarks on a new chapter as a standalone business, the company will be rebranded as RedSail Technologies.
  • Robert W. Baird & Co. served as financial advisor and Kirkland & Ellis LLP acted as legal advisor to Francisco Partners.

ACORD "Intelligent Growth" Study Reveals Key Characteristics of Successful Insurers

Financial services, Insurance industry, Insurance
Wednesday, April 1, 2020 - 2:00pm

This first-of-a-kind study identified the key strategies, tactics, and capabilities that make this achievement possible."

Key Points: 
  • This first-of-a-kind study identified the key strategies, tactics, and capabilities that make this achievement possible."
  • The study found that, while over one quarter of the 200 largest insurers exceeded worldwide average performance in both growth and value, significantly more insurers failed to meet the benchmarks for either.
  • "The Intelligent Growth insurers identified by the study achieved shareholder returns materially in excess of their competitors, as well as all relevant indices.
  • Pieroni will also present findings from the study as part of the ACORD CEO Webinar Series on Friday, April 3rd.

Newmont Corporation Announces Expiration and Final Results of the Tender Offers for its 3.500% Senior Notes due 2022 and Goldcorp’s 3.700% Notes due 2023

Mining, Minerals, Natural Resources, Finance, Investment banks, Financial services, Goldman Sachs, Subprime mortgage crisis, Security, J.P. Morgan & Co., Federal Reserve System
Wednesday, April 1, 2020 - 2:49pm

BMO Capital Markets Corp., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as the dealer managers in connection with the Tender Offers (collectively, the Dealer Managers).

Key Points: 
  • BMO Capital Markets Corp., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acted as the dealer managers in connection with the Tender Offers (collectively, the Dealer Managers).
  • King & Co., Inc. acted as the information and tender agent in connection with the Tender Offers (the Information and Tender Agent).
  • Holders of the Notes may also contact their broker, dealer, commercial bank, trust company or other nominee or intermediary for assistance concerning the Tender Offers.
  • Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement.