Bloomberg L.P. v. Board of Governors of the Federal Reserve System

Signature Bank to Host 2022 Third Quarter Results Conference Call

Retrieved on: 
Tuesday, October 11, 2022
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Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today that management will host a conference call to review results of its 2022 third quarter ended September 30, 2022 on Tuesday, October 18, 2022 at 9:00 AM ET.

Key Points: 
  • Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today that management will host a conference call to review results of its 2022 third quarter ended September 30, 2022 on Tuesday, October 18, 2022 at 9:00 AM ET.
  • Signature Banks financial results will be released prior to market open on Tuesday, October 18, 2022.
  • Since commencing operations in May 2001, Signature Bank reached $116 billion in assets and $104.12 billion in deposits as of June 30, 2022.
  • Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payments platform.

Seacoast Completes Acquisitions Of Apollo Bancshares, Inc. and Drummond Banking Company

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Friday, October 7, 2022
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STUART, Fla., Oct. 07, 2022 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ: SBCF) ("Seacoast" or the "Company"), the holding company for Seacoast National Bank, announced today the completion of its acquisitions of Apollo Bancshares, Inc. (Apollo), parent company of Apollo Bank and of Drummond Banking Company (Drummond), parent company of Drummond Community Bank effective October 7, 2022.

Key Points: 
  • STUART, Fla., Oct. 07, 2022 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ: SBCF) ("Seacoast" or the "Company"), the holding company for Seacoast National Bank, announced today the completion of its acquisitions of Apollo Bancshares, Inc. (Apollo), parent company of Apollo Bank and of Drummond Banking Company (Drummond), parent company of Drummond Community Bank effective October 7, 2022.
  • The mergers of Apollo Bank and Drummond Community Bank with and into Seacoast National Bank were also effective October 7, 2022 with Seacoast National Bank being the surviving financial institution.
  • The minority interest holders in Apollo Bank received 1.195651 shares of Seacoast common stock for each share of Apollo Bank common stock.
  • Under the terms of the merger agreement, Drummond shareholders received 51.9561 shares of Seacoast common stock for each share of Drummond common stock held immediately prior to the merger.

F.N.B. Corporation Receives Final Regulatory Approvals for UB Bancorp Merger

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Wednesday, October 5, 2022
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Corporation (NYSE: FNB) announced it has received all regulatory clearances for its proposed merger with UB Bancorp (OTCQX: UBNC).

Key Points: 
  • Corporation (NYSE: FNB) announced it has received all regulatory clearances for its proposed merger with UB Bancorp (OTCQX: UBNC).
  • UB Bancorp stockholders approved the proposed merger at a special meeting on September 21, 2022.
  • As announced on June 1, 2022, UB Bancorp stockholders will be entitled to receive 1.61 shares of FNB common stock for each share of UB Bancorp common stock they own.
  • The exchange ratio is fixed, and the transaction is expected to qualify as a tax-free exchange for UB Bancorp stockholders.

Allegiance Bancshares, Inc. and CBTX, Inc. Complete Merger of Equals to Become Stellar Bancorp, Inc.

Retrieved on: 
Friday, September 30, 2022
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The merger creates the 9th largest bank headquartered in Texas with the 19th largest deposit market share in the State of Texas.

Key Points: 
  • The merger creates the 9th largest bank headquartered in Texas with the 19th largest deposit market share in the State of Texas.
  • The completion of this merger unites our two similarly-focused community banks, said CBTXs Chairman, CEO and President Robert R. Franklin, Jr., who will lead Stellar as CEO.
  • At the effective time of the merger, each share of Allegiance common stock will be converted into the right to receive 1.4184 shares of Stellar common stock.
  • Allegiance shareholders will receive cash in lieu of fractional shares, in accordance with the terms of the merger agreement.

Allegiance Bancshares, Inc. and CBTX, Inc. Complete Merger of Equals to Become Stellar Bancorp, Inc.

Retrieved on: 
Friday, September 30, 2022
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The merger creates the 9th largest bank headquartered in Texas with the 19th largest deposit market share in the State of Texas.

Key Points: 
  • The merger creates the 9th largest bank headquartered in Texas with the 19th largest deposit market share in the State of Texas.
  • The completion of this merger unites our two similarly-focused community banks, said CBTXs Chairman, CEO and President Robert R. Franklin, Jr., who will lead Stellar as CEO.
  • At the effective time of the merger, each share of Allegiance common stock will be converted into the right to receive 1.4184 shares of Stellar common stock.
  • Allegiance shareholders will receive cash in lieu of fractional shares, in accordance with the terms of the merger agreement.

Dunxin Financial Holdings Limited Reports Financial Results for the First Six Months of 2022

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Wednesday, September 28, 2022
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WUHAN, China, Sept. 28, 2022 /PRNewswire/ -- Dunxin Financial Holdings Limited ("Dunxin" or the "Company") (NYSE American: DXF), a licensed microfinance lender servicing individuals and small and medium enterprises ("SMEs") in Hubei Province, China, today announced its unaudited financial results for the first six months of 2022.

Key Points: 
  • WUHAN, China, Sept. 28, 2022 /PRNewswire/ -- Dunxin Financial Holdings Limited ("Dunxin" or the "Company") (NYSE American: DXF), a licensed microfinance lender servicing individuals and small and medium enterprises ("SMEs") in Hubei Province, China, today announced its unaudited financial results for the first six months of 2022.
  • The unaudited consolidated financial statements and other financial information included in this press release have been stated in Renminbi ("RMB") unless otherwise indicated.
  • Earnings per American Depositary Share ("ADS") was US$0.35 in the first six months of 2022 compared to US$0.52 in the same period of the prior year.
  • Interest expenses on loans increased to RMB10.0million (US$1.5million) for the first six months of 2022from RMB9.5 million in the same period of the prior year.

iHuman Inc. Announces Second Quarter 2022 Unaudited Financial Results

Retrieved on: 
Thursday, September 22, 2022
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BEIJING, Sept. 22, 2022 /PRNewswire/ -- iHuman Inc. (NYSE: IH) ("iHuman" or the "Company"), a leading provider of tech-powered, intellectual development products in China, today announced its unaudited financial results for the secondquarter ended June30, 2022.

Key Points: 
  • BEIJING, Sept. 22, 2022 /PRNewswire/ -- iHuman Inc. (NYSE: IH) ("iHuman" or the "Company"), a leading provider of tech-powered, intellectual development products in China, today announced its unaudited financial results for the secondquarter ended June30, 2022.
  • In July 2022, we launched iHuman Writing, a self-directed Chinese character writing app for kids.
  • In the quarter, we officially unveiled our international-facing brand Bekids, which strives to promote the well-rounded development of children through STEAM-focused products.
  • Please see "Non-GAAP Financial Measures" and "Unaudited Reconciliation of GAAP and non-GAAP Results" at the end of this press release.

Southern Missouri Bancorp and Citizens Bancshares Co. Announce Agreement to Merge

Retrieved on: 
Tuesday, September 20, 2022
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Poplar Bluff, Missouri, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Southern Missouri Bancorp, Inc. (NASDAQ: SMBC, "Southern Missouri"), the parent corporation of Southern Bank, and Citizens Bancshares Co. ("Citizens"), the parent company of Citizens Bank and Trust Company, today announced the signing of a definitive merger agreement whereby Southern Missouri will acquire Citizens in a stock and cash transaction.

Key Points: 
  • Poplar Bluff, Missouri, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Southern Missouri Bancorp, Inc. (NASDAQ: SMBC, "Southern Missouri"), the parent corporation of Southern Bank, and Citizens Bancshares Co. ("Citizens"), the parent company of Citizens Bank and Trust Company, today announced the signing of a definitive merger agreement whereby Southern Missouri will acquire Citizens in a stock and cash transaction.
  • Greg Steffens, Chairman and Chief Executive Officer of Southern Missouri, commented, Southern Missouri Bancorp is very pleased to announce this partnership with Citizens.
  • The registration statement will include a joint proxy statement of Citizens and Southern Missouri that also constitutes a prospectus of Southern Missouri, which will be sent to the shareholders of Citizens and Southern Missouri.
  • Alternatively, these documents, when available, can be obtained free of charge from Southern Missouri upon written request to Southern Missouri Bancorp, Inc., Attn: Investor Relations, 2991 Oak Grove Road, Poplar Bluff, Missouri, 63901, or by calling (573) 778-1800, or from Citizens upon written request to Citizens Bancshares Co., Attn: Bob Wright, 100 NE State Hwy 92, Smithville, Missouri, 64089.

Signature Bank Named #1 in Private Bank and Business Escrow Services Categories of New York Law Journal’s 13th Annual “Best of” Survey

Retrieved on: 
Monday, September 19, 2022
Other Professional Services, Security, Data Management, Legal, Technology, Finance, Fintech, Consulting, Small Business, Banking, Accounting, Professional Services, Software, Networks, Internet, Mobile, Wireless, Office of the Supervising Architect for the U.S. Treasury, ALM, Time, Safety, COVID-19, Sale, LLC, Federal Reserve, Treasury, News, Private Securities Litigation Reform Act, Unitary state, Bloomberg L.P. v. Board of Governors of the Federal Reserve System, New York Law Journal, Environment, Climate change, Industry, Bank, Forward-looking statement, Goal, Structure of the Federal Reserve System, Insurance, Financial services, Government, Board, FDIC, State Street Bank & Trust Co. v. Signature Financial Group, Inc., Signature Bank

The legal professional services realm is an area in which Signature Bank and its private client banking teams have focused upon and built a leadership niche.

Key Points: 
  • The legal professional services realm is an area in which Signature Bank and its private client banking teams have focused upon and built a leadership niche.
  • It is the hallmark of our institution and the real reason so many members of the New York-area legal landscape continually rely on Signature Bank for banking services.
  • We thank this community once again for casting their votes in favor of Signature Bank, DePaolo added.
  • Signature Bank has no duty to, and does not intend to, update or revise the forward-looking statements after the date on which they are made.

Allegiance Bancshares, Inc. and CBTX, Inc. Announce Regulatory Approvals for Merger of Equals

Retrieved on: 
Thursday, September 15, 2022
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This approval follows prior approvals from the Federal Deposit Insurance Corporation, the Texas Department of Banking and the shareholders of both companies.

Key Points: 
  • This approval follows prior approvals from the Federal Deposit Insurance Corporation, the Texas Department of Banking and the shareholders of both companies.
  • No further regulatory approvals are required to complete the merger of Allegiance and CBTX.
  • Allegiance and CBTX expect to complete the merger on or about October 1, 2022, pending satisfaction or waiver of customary closing conditions.
  • Following completion of the merger, the combined company will change its name to Stellar Bancorp, Inc. and will trade under the ticker symbol STEL.