Federal Deposit Insurance Corporation

Elmer Bancorp, Inc. Announces Cash Dividend and Annual Meeting Date

Retrieved on: 
Monday, April 1, 2024
Banking, Professional Services, Finance, OTC Markets Group, FDIC, ELMER, Bank, Annual general meeting, Federal Deposit Insurance Corporation, First National Bank, National bank, The First, Holding company

Brian W. Jones, President and CEO of the Company stated, “I am pleased that the Board of Directors of Elmer Bancorp, Inc. has declared a cash dividend of $0.20 per common share.

Key Points: 
  • Brian W. Jones, President and CEO of the Company stated, “I am pleased that the Board of Directors of Elmer Bancorp, Inc. has declared a cash dividend of $0.20 per common share.
  • The record date for shareholders to vote at the Annual Meeting is April 10, 2024.
  • 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).

First Trust Advisors L.P. Announces Distribution for Exchange-Traded Funds

Retrieved on: 
Thursday, March 28, 2024
Banking, Professional Services, Finance, Failure, Uncertainty, Commodity, Hamas, FTP, Face, Infection, ETF, ERISA, Reputational damage, FTA, COVID-19, Risk, Federal, AIB (NI), Terrorism, FLEX, WGTS, Judgement, S&P, Prospectus, Trust, Corporation, Investment, PDR, Federal Deposit Insurance Corporation, OTC, Index, Internal Revenue Code, Federal Reserve, Standard, Fund, Marketing, FINRA, Security (finance)

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Key Points: 
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA has collective assets under management or supervision of approximately $218 billion as of February 29, 2024 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
  • Please refer to each fund's prospectus and Statement of Additional Information for additional details on a fund's risks.
  • First Trust Advisors L.P. (FTA) is the adviser to the First Trust fund(s).

First Trust Advisors L.P. Announces Distribution for First Trust Enhanced Short Maturity ETF

Retrieved on: 
Wednesday, March 27, 2024
Consulting, Professional Services, Finance, Uncertainty, Hamas, FTP, Face, Infection, ETF, ERISA, Reputational damage, FTA, Risk, COVID-19, Federal, AIB (NI), Terrorism, Judgement, Prospectus, Investment, Federal Deposit Insurance Corporation, Internal Revenue Code, Federal Reserve, Fund, FINRA, Security (finance)

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Key Points: 
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor.
  • First Trust Advisors L.P. (FTA) is the adviser to the First Trust fund(s).

Meridian Capital Group Names Brian Brooks as Chairman & CEO; Ralph Herzka Assumes New Role as Founder & Senior Chairman

Retrieved on: 
Tuesday, March 26, 2024
Commercial Building & Real Estate, Construction & Property, Professional Services, Finance, Credit Suisse First Boston, Growth, CIT Group, Goldman Sachs, Goodman, Sale, OneWest Bank, Credit Suisse, Private sector, Senior, Federal Deposit Insurance Corporation, Multimedia, Currency, Government, Fannie Mae, Capital Group Companies, Security (finance)

View the full release here: https://www.businesswire.com/news/home/20240326196476/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240326196476/en/
    Mr. Herzka, 62, co-founded Meridian in 1991 and rose to become one of the foremost leaders and innovators in commercial mortgage origination.
  • He will continue to play a key role in the business as Founder and Senior Chairman, focusing on expanding customer, lender and broker relationships and generating additional revenue growth.
  • Mr. Brooks, 54, is a recognized authority on financial services, with decades of government and private sector experience.
  • Under Mr. Herzka’s leadership, Meridian has arranged more than $550 billion in commercial real estate financing for more than 11,000 customers since its founding.

First Trust Advisors L.P. Announces Distribution for First Trust Income Opportunities ETF

Retrieved on: 
Monday, March 11, 2024
Banking, Professional Services, Finance, Uncertainty, Commodity, Hamas, FTP, Face, Infection, ETF, ERISA, Reputational damage, FTA, Risk, COVID-19, Federal, AIB (NI), Terrorism, Judgement, Prospectus, Investment, Federal Deposit Insurance Corporation, OTC, Index, Internal Revenue Code, Federal Reserve, Fund, FINRA, Security (finance)

FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.

Key Points: 
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor.
  • An investment in a fund is not a deposit of a bank and is not insured or guaranteed.
  • First Trust Advisors L.P. (FTA) is the adviser to the First Trust fund(s).

PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

Retrieved on: 
Wednesday, March 20, 2024
The Company, FDIC, Bank, Federal Deposit Insurance Corporation

Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank commenced operations in January 1999.

Key Points: 
  • Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank commenced operations in January 1999.
  • Parke Bancorp and Parke Bank maintain their principal offices at 601 Delsea Drive, Washington Township, New Jersey.
  • Parke Bank's deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC).
  • Parke Bancorp's common stock is traded on the NASDAQ Capital Market under the symbol "PKBK".

Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. Receive Regulatory Approval for Merger

Retrieved on: 
Friday, March 15, 2024
Federal Reserve Bank, Federal Deposit Insurance Corporation, Organization, OTCQX, Agency, Financial institution

WOOSTER, Ohio and WHEELING, W.Va., March 15, 2024 /PRNewswire/ -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN) ("Wayne"), the holding company of Wayne Savings Community Bank and Main Street Financial Services Corp. (OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp., jointly announced today that approval has been received from the Federal Reserve Bank, The Federal Deposit Insurance Corp., the Ohio Division of Financial Institutions, and the West Virginia Board of Banking and Financial Institutions (collectively, the "Regulatory Authorities") for the merger of Wayne with and into Main Street followed by the merger of Main Street Bank Corp. with and into Wayne Savings Community Bank.

Key Points: 
  • WOOSTER, Ohio and WHEELING, W.Va., March 15, 2024 /PRNewswire/ -- Wayne Savings Bancshares, Inc. (OTCQX: WAYN) ("Wayne"), the holding company of Wayne Savings Community Bank and Main Street Financial Services Corp. (OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp., jointly announced today that approval has been received from the Federal Reserve Bank, The Federal Deposit Insurance Corp., the Ohio Division of Financial Institutions, and the West Virginia Board of Banking and Financial Institutions (collectively, the "Regulatory Authorities") for the merger of Wayne with and into Main Street followed by the merger of Main Street Bank Corp. with and into Wayne Savings Community Bank.
  • "We are pleased to have received all required approvals from the Regulatory Authorities.
  • We are progressing as planned, and we anticipate closing the transaction in the second quarter," stated Mark Witmer, Executive Chairman of Wayne.
  • "We are excited to bring together two organizations as a premier community bank with enhanced products and services while honoring our commitment to superior customer service, personalized financial solutions and unwavering community support."

FTC Convenes Advisory Group to Fight Scams Against Older Adults

Retrieved on: 
Tuesday, April 2, 2024
Chamber of Digital Commerce, Consumer, Contract management, Consumer protection, Congress, Government, AARP, Commodity Futures Trading Commission, Webcast, Social media, Research, Digital, Blog, News, Security (finance), Consumer Financial Protection Bureau, Financial Crimes Enforcement Network, Federal Deposit Insurance Corporation, Justice, AmeriCorps, National Retail Federation, United States Telecom Association, Treasury, Federal Trade Commission, Financial Industry Regulatory Authority, FTC, Cryptocurrency

The Federal Trade Commission will host an online meeting of the Scams Against Older Adults Advisory Group on April 2, 2024.

Key Points: 
  • The Federal Trade Commission will host an online meeting of the Scams Against Older Adults Advisory Group on April 2, 2024.
  • The meeting will begin at 2 p.m. Eastern Time with opening remarks by FTC Bureau of Consumer Protection Director Samuel Levine.
  • The advisory group was formed because of the Stop Senior Scams Act, passed by Congress in 2022.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

Customers Bancorp, Inc. Subordinated Notes to Convert from Fixed to Floating Rate

Retrieved on: 
Monday, March 4, 2024
Banking, Asset Management, Professional Services, Finance, Customers Bancorp, Business Day, Bank, American Banker, C&I, Business, Congress, Federal Reserve, Interest rate, Federal Deposit Insurance Corporation

Customers Bancorp, Inc. (NYSE:CUBI) announced that subordinated notes issued in 2014 will, on June 26, 2024, convert from an annual fixed rate of 6.125% to a floating rate.

Key Points: 
  • Customers Bancorp, Inc. (NYSE:CUBI) announced that subordinated notes issued in 2014 will, on June 26, 2024, convert from an annual fixed rate of 6.125% to a floating rate.
  • On June 24, 2014, Customers Bancorp, Inc. (“Customers”) and its wholly-owned subsidiary, Customers Bank, (the “Bank”) entered into subscription agreements with accredited investors under which the Bank issued $110.0 million in aggregate principal amount of fixed-to-floating rate subordinated notes due 2029 (the “Subordinated Notes”).
  • Pursuant to the terms of the original Subordinated Note Certificate, from June 26, 2024, until maturity, the Subordinated Notes were to bear an annual interest rate equal to the three-month LIBOR plus 344.3 basis points.
  • Customers Bank’s commercial and consumer clients benefit from a full suite of technology-enabled tailored product experiences delivered by best-in-class customer service.

Metropolitan Commercial Bank Bolsters Risk Management and Finance Teams with Experienced Large Bank Veterans

Retrieved on: 
Thursday, February 29, 2024
Automotive, Natural Resources, Other Manufacturing, Entertainment, Other Energy, Energy, Manufacturing, University, Other Philanthropy, Education, Contracts, General Entertainment, Sustainability, General Health, Family, Defense, Environment, Consumer, General Automotive, Health, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Other Professional Services, Public Relations, Investor Relations, Marketing, Human Resources, Finance, Communications, Banking, Professional Services, Philanthropy, Other Natural Resources, Senior, AIG, Risk management, Growth, Federal Reserve Bank, NYCB, State university system, History, Bank, Management, J. P. Morgan, Commercial bank, AIRC, State, MBA, CRCP, MCB, Chartered, AML, Capital One, State bank, Bank Secrecy Act, Hofstra University, Accounting, FRBNY, Barclays, BSA/AML, Community Bank, New York Community Bank, FDIC, JPMorgan Chase, BSA, Business administration, American International Group, Executive, Flagstar Bank, CAMS, Life Office Management Association, Federal Deposit Insurance Corporation

“Metropolitan Commercial Bank is delighted to welcome Greg Gaare, a seasoned risk management professional.

Key Points: 
  • “Metropolitan Commercial Bank is delighted to welcome Greg Gaare, a seasoned risk management professional.
  • He recently was the Deputy Chief Risk Officer in the Risk Management Division of Flagstar Bank.
  • We will continue to position Metropolitan Commercial Bank as an industry leader,” Gregory Gaare, Senior Vice President and Chief Risk Officer at Metropolitan Commercial Bank remarked.
  • “With its rich history and commitment to excellence, Metropolitan Commercial Bank is at the forefront of the commercial banking industry.