Financial services

Citi Launches $150 Million Impact Investing Fund

Friday, January 17, 2020 - 2:04pm

Citi announced today the launch of the $150 million Citi Impact Fund that will make equity investments in double bottom line private sector companies that have a positive impact on society.

Key Points: 
  • Citi announced today the launch of the $150 million Citi Impact Fund that will make equity investments in double bottom line private sector companies that have a positive impact on society.
  • It takes companies of all sizes to address the challenges our society faces today, said Citi CEO Michael Corbat.
  • This fund will complement Citis existing efforts, with the goal of achieving financial returns while making a positive societal impact.
  • Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions.

The Valens Company Secures DTC Eligibility

Friday, January 17, 2020 - 2:37am

KELOWNA, BC, Jan. 16, 2020 /PRNewswire/ -Valens GroWorks Corp (TSXV: VLNS) (OTCQX: VLNCF)(the "Company", "Valens" or "The Valens Company"), a vertically integrated provider of industry-leading extraction products and services; including a diverse suite of extraction methodologies, next generation cannabinoid delivery formats and an ISO 17025 accredited analytical lab, is pleased to announce that it has obtained eligibility from the Depositary Trust Company ("DTC") for its shares traded on the OTCQX, under the symbol "VLNCF."

Key Points: 
  • KELOWNA, BC, Jan. 16, 2020 /PRNewswire/ -Valens GroWorks Corp (TSXV: VLNS) (OTCQX: VLNCF)(the "Company", "Valens" or "The Valens Company"), a vertically integrated provider of industry-leading extraction products and services; including a diverse suite of extraction methodologies, next generation cannabinoid delivery formats and an ISO 17025 accredited analytical lab, is pleased to announce that it has obtained eligibility from the Depositary Trust Company ("DTC") for its shares traded on the OTCQX, under the symbol "VLNCF."
  • "Executing on our milestone of obtaining DTC eligibility demonstrates Valens' commitment to increased visibility and accessibility for shareholders moving into fiscal 2020," said Tyler Robson, CEO of The Valens Company.
  • The DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies.
  • The Valens Company is a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products.

The Valens Company Secures DTC Eligibility

Thursday, January 16, 2020 - 11:17pm

KELOWNA, BC, Jan. 16, 2020 /PRNewswire/ -Valens GroWorks Corp (TSXV: VLNS) (OTCQX: VLNCF)(the "Company", "Valens" or "The Valens Company"), a vertically integrated provider of industry-leading extraction products and services; including a diverse suite of extraction methodologies, next generation cannabinoid delivery formats and an ISO 17025 accredited analytical lab, is pleased to announce that it has obtained eligibility from the Depositary Trust Company ("DTC") for its shares traded on the OTCQX, under the symbol "VLNCF."

Key Points: 
  • KELOWNA, BC, Jan. 16, 2020 /PRNewswire/ -Valens GroWorks Corp (TSXV: VLNS) (OTCQX: VLNCF)(the "Company", "Valens" or "The Valens Company"), a vertically integrated provider of industry-leading extraction products and services; including a diverse suite of extraction methodologies, next generation cannabinoid delivery formats and an ISO 17025 accredited analytical lab, is pleased to announce that it has obtained eligibility from the Depositary Trust Company ("DTC") for its shares traded on the OTCQX, under the symbol "VLNCF."
  • "Executing on our milestone of obtaining DTC eligibility demonstrates Valens' commitment to increased visibility and accessibility for shareholders moving into fiscal 2020," said Tyler Robson, CEO of The Valens Company.
  • The DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies.
  • The Valens Company is a global leader in the end-to-end development and manufacturing of innovative, cannabinoid-based products.

U.S. and Global Commercial Cards and B2B Payment Services Markets to 2022 - Size & Forecast, Trends & Opportunities, Usage Trends, Network Operators, Specialty B2B Players

Thursday, January 16, 2020 - 7:45pm

Meanwhile, to the tune of $2.35 billion in 2018 payment value, commercial card payment value trends suggest continued healthy growth in the U.S. and point to untapped international opportunity.

Key Points: 
  • Meanwhile, to the tune of $2.35 billion in 2018 payment value, commercial card payment value trends suggest continued healthy growth in the U.S. and point to untapped international opportunity.
  • This report, Commercial Cards and B2B Payment Services Market, provides needed insight into a growing market on the cusp of change.
  • Provides a global payment card commercial card market size and forecast through 2022, with supporting the analysis of global, U.S. and non-U.S. consumer and commercial credit card and debit card payment value growth during 2014-2018.
  • Provides global and U.S. ACH, cash and check, and payment card value payment value, including B2B payments; and a proprietary estimate for 2014-2018 U.S. B2B payment value by expenditure input.

ZSuite Technologies nearly doubles property manager/landlord relationships for its partner financial institutions in 2019 with more than 750 new relationships

Thursday, January 16, 2020 - 7:00pm

BURLINGTON, Mass., Jan. 16, 2020 /PRNewswire-PRWeb/ -- ZSuite Technologies announced today that in 2019 it helped its partner financial institutions attract over 750 new property manager/landlord relationships which is nearly double the total relationships from the previous year.

Key Points: 
  • BURLINGTON, Mass., Jan. 16, 2020 /PRNewswire-PRWeb/ -- ZSuite Technologies announced today that in 2019 it helped its partner financial institutions attract over 750 new property manager/landlord relationships which is nearly double the total relationships from the previous year.
  • ZSuite Technologies helps financial institutions build strong, long-term relationships with their real estate and property management clients through their innovative products, ZRent and ZDeposit.
  • ZSuite Technologies spun out of Leader Bank in 2019 and currently partners with financial institutions in Massachusetts, New York, Illinois, Montana, and most recently in New Jersey with two financial institutions joining as partners with $7.2 billion and $1.8 billion in assets respectively.
  • ZSuite Technologies is a financial technology company that aims to power banks and credit unions with differentiated banking solutions for profitable client segments.

Fortis Inc. to Hold Teleconference on February 13 to Discuss 2019 Annual Results

Thursday, January 16, 2020 - 9:45pm

ST. JOHN'S, Newfoundland and Labrador, Jan. 16, 2020 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2019 annual financial results on Thursday, February 13, 2020.

Key Points: 
  • ST. JOHN'S, Newfoundland and Labrador, Jan. 16, 2020 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) will release its 2019 annual financial results on Thursday, February 13, 2020.
  • Barry Perry, President and Chief Executive Officer, and Jocelyn Perry, Executive Vice President, Chief Financial Officer, will discuss the Corporation's 2019 annual financial results.
  • A live and archived audio webcast of the teleconference will be available on the Corporation's website, www.fortisinc.com .
  • A replay of the conference will be available two hours after the conclusion of the call until March 13, 2020.

First Choice Bank Invests $500,000 in Clearinghouse CDFI

Thursday, January 16, 2020 - 6:30pm

LAKE FOREST, Calif., Jan. 16, 2020 /PRNewswire-PRWeb/ -- Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today a $500,000 Class A equity investment from First Choice Bank.

Key Points: 
  • LAKE FOREST, Calif., Jan. 16, 2020 /PRNewswire-PRWeb/ -- Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today a $500,000 Class A equity investment from First Choice Bank.
  • "We at First Choice Bank are excited to begin a partnership with Clearinghouse CDFI, an organization that helps to improve distressed communities in the Southern California area," said Robert Franko, President and CEO.
  • About First Choice Bancorp: First Choice Bancorp, headquartered in Cerritos, California, is the sole shareholder of, and the registered bank holding company for, First Choice Bank.
  • About Clearinghouse Community Development Financial Institution: Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) addresses unmet credit needs in California, Nevada, Arizona, New Mexico, and Indian Country in the Western United States.

Unified Trust Names New Institutional Retirement Consultant

Thursday, January 16, 2020 - 4:34pm

has named Philip Gould, as the new Institutional Retirement Consultant for their Retirement Plan Consulting Group, a division of Unified Trust.

Key Points: 
  • has named Philip Gould, as the new Institutional Retirement Consultant for their Retirement Plan Consulting Group, a division of Unified Trust.
  • Mr. Gould will work with retirement plans and advisors throughout the Texas/South Central region of the country, helping employers and their employees achieve successful retirement outcomes.
  • I am very excited and proud to start my new journey with the Unified Trust team, a company that has and always will be committed to helping participants achieve retirement success, said Gould.
  • (Lexington, Ky., $5 billion in assets under management) is a national bank trust company and discretionary trustee, serving individual, institutional and retirement plan investors.

Benjamin F. Edwards & Co. Investment Banking Expands with a New Managing Director

Thursday, January 16, 2020 - 3:17pm

The investment banking team at Benjamin F. Edwards & Co. announced the addition of Andrew Chidester as managing director as the firm continues to expand its investment banking resources.

Key Points: 
  • The investment banking team at Benjamin F. Edwards & Co. announced the addition of Andrew Chidester as managing director as the firm continues to expand its investment banking resources.
  • He will continue Benjamin F. Edwards investment banking focus on selling middle-market companies and will be based in Chicago.
  • Previously, Chidester worked as a managing director in Investment Banking for Matrix Capital Markets Group, Amherst Partners, and Duff & Phelps, Inc., all in Chicago.
  • A subsidiary of Benjamin Edwards, Inc., Benjamin F. Edwards & Co. is a national wealth management firm that provides a wide-array of financial products and advisory services, as well as investment banking services.

Equiteq advises award-winning fintech firm Choice Financial Solutions on its sale to German fintech firm Raisin

Thursday, January 16, 2020 - 2:18pm

Equiteq, the leading M&A advisory firm for companies in the knowledge economy, is pleased to announce that it has advised Choice Financial Solutions ("Choice FS"), a leading U.S. and European fintech firm focused on consumer deposit automation, on its sale to Raisin, a pan-European wealth management fintech firm.

Key Points: 
  • Equiteq, the leading M&A advisory firm for companies in the knowledge economy, is pleased to announce that it has advised Choice Financial Solutions ("Choice FS"), a leading U.S. and European fintech firm focused on consumer deposit automation, on its sale to Raisin, a pan-European wealth management fintech firm.
  • Raisin will license Choice FS' original software to American banks, enabling the banks to create uniquely flexible deposits and offer those products directly to their own customers.
  • Raisin U.S. CEO, Paul Knodel, commented: "Joining forces with Choice FS lets Raisin begin offering cutting-edge services to banks and customers before we even launch our U.S. platform.
  • Daniel Siller, Managing Director at Equiteq, commented: "The acquisition of Choice FS provides Raisin with a fantastic product to enter the U.S. market.