Currency

Eureka Homestead Bancorp, Inc. Reaches Definitive Agreement to Be Acquired by Investor Group

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星期五, 八月 4, 2023
OTC Markets Group, Michael J. Hsu, Tripura Merger Agreement, Comptroller, Structure of the Federal Reserve System, Clifton Bancorp, Inc., GAAP, Currency, The Company, Bloomberg L.P. v. Board of Governors of the Federal Reserve System, Bank, Federal Reserve, Security (finance)

METAIRIE, La., Aug. 4, 2023 /PRNewswire/ -- Eureka Homestead Bancorp, Inc. ("the "Company") (OTC Pink Marketplace: "ERKH"), the holding company of Eureka Homestead, a federal savings association headquartered in Metairie, Louisiana, and Eureka Investor Group, Inc. have reached an agreement for the Company and Eureka Homestead to be acquired by Eureka Investor Group, Inc, a newly formed corporation headed by experienced bank investors.

Key Points: 
  • METAIRIE, La., Aug. 4, 2023 /PRNewswire/ -- Eureka Homestead Bancorp, Inc. ("the "Company") (OTC Pink Marketplace: "ERKH"), the holding company of Eureka Homestead, a federal savings association headquartered in Metairie, Louisiana, and Eureka Investor Group, Inc. have reached an agreement for the Company and Eureka Homestead to be acquired by Eureka Investor Group, Inc, a newly formed corporation headed by experienced bank investors.
  • The Merger Agreement, which has been unanimously adopted by the boards of the Company and Eureka Investor Group, provides for cash merger consideration equal to $13.0 million.
  • Upon consummation of the proposed transaction, Eureka Investor Group will own 100% of the outstanding shares of the Company and its banking subsidiary, Eureka Homestead.
  • Eureka Homestead Bancorp and Eureka Homestead are being advised by Performance Trust Capital Partners as financial advisor and Luse Gorman, PC as legal counsel.

Prestige Consumer Healthcare Inc. Reports First Quarter Fiscal 2024 Results

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星期四, 八月 3, 2023
International, Share repurchase, Health care, PBH, Currency, OTC, Prestige Consumer Healthcare, Growth, Dermatology, NYSE, Video game, Security (finance)

First Fiscal Quarter Ended June 30, 2023

Key Points: 
  • First Fiscal Quarter Ended June 30, 2023
    Reported revenues in the first quarter of fiscal 2024 of $279.3 million increased 0.8% from $277.1 million in the first quarter of fiscal 2023.
  • Diluted earnings per share of $1.06 for the first quarter of fiscal 2024 compared to $1.09 in the prior year comparable period.
  • North American OTC Healthcare: Segment revenues of $246.1 million for the first quarter fiscal 2024 increased 1.5% compared to the prior year comparable quarter's segment revenues of $242.5 million.
  • International OTC Healthcare: Fiscal first quarter 2024 revenues were $33.2 million compared to $34.5 million reported in the prior year comparable period.

NBT Bancorp Inc. Announces Second Quarter Net Income of $30.1 Million ($0.70 Per Diluted Common Share)

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星期一, 七月 31, 2023
NIM, Borrowing base, Federal Reserve Bank, Federal Reserve Bank of St. Louis, Michael J. Hsu, Share repurchase, Comptroller, RPS, Stock dilution, EPIC, AFS, FDIC, Sale, Currency, Durbin, Acquisition, FTE, Durbin amendment, NBT Bank, NBT, Commercial, Dodd–Frank Wall Street Reform and Consumer Protection Act, Health, Retirement, Cryptocurrency, Video game, Pharmaceutical industry, Bank, Financial adviser, Beauty salon, Hudson Valley, NORWICH

In the second quarter of 2023, the Company realized $4.5 million ($0.08 per diluted share) in securities losses.

Key Points: 
  • In the second quarter of 2023, the Company realized $4.5 million ($0.08 per diluted share) in securities losses.
  • The Company incurred acquisition expenses of $1.2 million ($0.02 per diluted share) and $0.6 million ($0.01 per diluted share) related to the pending merger with Salisbury Bancorp, Inc. (“Salisbury”) in the second quarter of 2023 and the first quarter of 2023, respectively.
  • Net interest income for the second quarter of 2023 was $89.1 million, which was down $6.0 million, or 6.3%, from the first quarter of 2023 and up $1.5 million, or 1.7%, from the second quarter of 2022.
  • Total noninterest income, excluding securities losses, was $36.7 million for the three months ended June 30, 2023, up $0.3 million from the first quarter and down $5.6 million from the prior year’s second quarter.

BANK OF AMERICA INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Bank of America Corporation - BAC

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星期一, 七月 31, 2023
Legal, Professional Services, Michael J. Hsu, Bank of America, Comptroller, BAC, Currency, Consumer Financial Protection Bureau, Bank of America Corporate Center, KSF, Consumer, Knowledge, Bank, NYSE

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Bank of America Corporation (NYSE: BAC).

Key Points: 
  • Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Bank of America Corporation (NYSE: BAC).
  • KSF’s investigation is focusing on whether Bank of America’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms.
  • KSF has offices in New York, California, Louisiana and New Jersey.

Former Senior CFPB Attorney and Top Industry General Counsel Launch New Firm: SeldenLindeke LLP

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星期一, 七月 31, 2023
Los Angeles Times, CFPB, Private sector, LLP, Fintech, HELOC, Alston & Bird, Alston, Ernst & Young Entrepreneur of the Year Award, General counsel, Comptroller, American Bankers Association, Privacy, Office of the Comptroller of the Currency, Treasury, Currency, Consumer Financial Protection Bureau, Acquisition, O'Hara, U.S. Treasury, Promontory, Personal injury lawyer, Risk, Consumer, Promontory Financial Group, Knowledge, Bank

Prior to beginning his legal career, Lindeke worked in every aspect of mortgage origination from origination, processing and underwriting, to closing.

Key Points: 
  • Prior to beginning his legal career, Lindeke worked in every aspect of mortgage origination from origination, processing and underwriting, to closing.
  • Most recently, he served as General Counsel and Chief Legal Officer, and will continue to serve the role of outside General Counsel, at Change Lending LLC.
  • Given this successful track record, he was recently named a finalist for the prestigious Los Angeles Times In-House Counsel of the Year Award in 2023.
  • For more information, contact the firm at (888) 854-4244, send an email to [email protected] , or visit www.seldenlindeke.com .

Century Next Financial Corporation Reports Results for 2nd Quarter 2023

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星期五, 七月 28, 2023
Michael J. Hsu, Comptroller, History of the Federal Reserve System, FDIC, Sale, Currency, Next, CECL, Bloomberg L.P. v. Board of Governors of the Federal Reserve System, Growth, EPS, Bank, Federal Open Market Committee, Federal Reserve, Family, News, Federal Reserve Board of Governors, Cryptocurrency

Century Next Financial Corporation (the “Company”) (OTCQX: CTUY), the holding company of Century Next Bank, with $699.5 million in assets, today announced financial results for the 2nd quarter ended June 30, 2023.

Key Points: 
  • Century Next Financial Corporation (the “Company”) (OTCQX: CTUY), the holding company of Century Next Bank, with $699.5 million in assets, today announced financial results for the 2nd quarter ended June 30, 2023.
  • Net income and earnings per share improved for the quarter- and year-to-date periods ending June 30, 2023 compared to the same periods ending June 30, 2022.
  • Noninterest-bearing checking increased $96.4 million and interest-bearing checking accounts increased $1.9 million for the six months ended June 30, 2023.
  • Century Next Financial Corporation is the holding company for Century Next Bank (the “Bank”) which conducts business from its main office in Ruston, Louisiana.

Hashdex Announces Addition of Brian Brooks to Board of Directors

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星期四, 七月 20, 2023
Fintech, University, Financial Stability Oversight Council, Fannie Mae, Harvard University, Comptroller, University of Chicago Law School, FDIC, Finance, Currency, Brooks, Myers, Curve, Growth, Entrepreneurship, Ecosystem, Valor, Coinbase, Economics, OneWest Bank, Cryptocurrency

New York / Rio de Janeiro / London, July 20, 2023 – Hashdex , a leading global crypto-focused asset manager, today announced that Brian Brooks has joined Hashdex’s Board of Directors (the “Board”), expanding the firm’s Board from four to five members.

Key Points: 
  • New York / Rio de Janeiro / London, July 20, 2023 – Hashdex , a leading global crypto-focused asset manager, today announced that Brian Brooks has joined Hashdex’s Board of Directors (the “Board”), expanding the firm’s Board from four to five members.
  • Often referred to as the “first fintech Comptroller,” Brooks is recognized as one of the most visionary global leaders in financial services, fintech and cryptocurrency.
  • He also served as a member of the FDIC board of directors and as a voting member of the Financial Stability Oversight Council.
  • Brooks is an honors graduate of Harvard University and the University of Chicago Law School.

LTIMindtree Delivers 8.2% YoY Revenue Growth in CC

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星期一, 七月 17, 2023
Professional Services, Data Management, Technology, Data Analytics, Other Technology, Consulting, BSE, Maintenance, Ernst & Young Entrepreneur of the Year Award, Personal, Medication, Electronics, Microsoft, Research, PEAK, SAP, Fruit, EBIT, LTIMindtree, USD, Movement, Asset, Final good, Integrated Media Systems Center, Currency, Property & Casualty Management Systems, Acquisition, Publication, Data, Risk management, High tech, Magic, Yoy, PAT, Entertainment, BFSI, Microsoft Dynamics 365, Managed services, Consumer electronics, Retirement, AWS, Consultant, Manufacturing resource planning, Video game, Financial adviser, Liquor, Online shopping, Gartner, Media, Snowflake

“During the first quarter of FY24, LTIMindtree delivered 8.2% YoY revenue growth in Constant Currency.

Key Points: 
  • “During the first quarter of FY24, LTIMindtree delivered 8.2% YoY revenue growth in Constant Currency.
  • A US-based Insurance & Retirement major has awarded LTIMindtree a multi-year deal for 24x7 Infrastructure Managed Services.
  • A UK-based Pharmaceutical giant awarded LTIMindtree a multi-year contract to provide SAP Managed services along with testing and support services.
  • A world leader in Risk Management & Consulting has selected LTIMindtree to build a greenfield cloud-based data platform using AWS.

Winston & Strawn Boosts D.C. Office's Patent Litigation and Government Investigations Capabilities With Addition of Three Partners

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星期一, 七月 17, 2023
United States Navy, SPAC, Patent, CFPB, Winston & Strawn, Justice, Michael J. Hsu, Privacy Office of the U.S. Department of Homeland Security, Investment Advisers Act of 1940, Private law, Comptroller, Senior counsel, Winston, U.S. Department of Justice Office of Legislative Affairs, Investment Company Act of 1940, Negotiation, Lawyer, Foreign Corrupt Practices Act, Assistant, Government, Federal Reserve Board of Governors, Currency, Patent Trial and Appeal Board, Consumer Financial Protection Bureau, Acquisition, Structured finance, FINRA, Consumer, Growth, Office, Security (finance), International law, Software, Financial adviser, D.C

WASHINGTON, July 17, 2023 /PRNewswire/ -- Winston & Strawn LLP today announced that three partners have joined the firm's Washington, D.C., office and Litigation Department.

Key Points: 
  • WASHINGTON, July 17, 2023 /PRNewswire/ -- Winston & Strawn LLP today announced that three partners have joined the firm's Washington, D.C., office and Litigation Department.
  • Scott Border joins the Intellectual Property Practice, while Daniel Chaudoin and Caitlin Mandel join the Government Investigations, Enforcement, and Compliance Practice.
  • "Winston is known for its leadership in patent litigation, and I could not be more pleased to be joining such an experienced team."
  • Winston & Strawn LLP is an international law firm with 16 offices in North America, South America, Asia, and Europe.

WorldRemit Adds Naira Currency as Payout Option for Customers Sending Money to Nigeria

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星期四, 七月 13, 2023
Central bank, Central Bank of Nigeria, Guatemala and the International Monetary Fund, Currency, International Monetary Fund, WorldRemit, Friends, Movement, Film industry

LONDON, July 13, 2023 /PRNewswire/ -- Today, WorldRemit, the global remittance platform within Zepz, announces Naira currency remittances as an expanded offering for Nigerian customers, available through bank transfer, airtime top up and at all cash pick-up locations throughout the country.

Key Points: 
  • With the newly appointed Central Bank of Nigeria governor's shift towards creating a safer path for Naira currency, Nigerians are able to feel safer about how they move money to their loved ones.
  • "Enabling Naira currency for this expansive community is a necessary and obvious choice to ensure Nigerians around the world are able to access reliable, safe methods of money movement."
  • To send money in Naira, WorldRemit users simply select 'Nigeria NGN' and then have the option to select Cash Pick-Up for the receive method.
  • In most cases, transfers sent using WorldRemit arrive within minutes, making sending money to loved ones easier than ever.