Skip to main content

Franklin Savings Bank welcomes Rangeley ...

James Eastlack Photo submitted FARMINGTON — James “Jamie” Eastlack recently joined the board of directors of Franklin Savings Bank. After longtime board member Richard Walker retired from the board at the end of last year, replacing the seat with a member of the Rangeley community was important to the board of directors, according to a […]

New Jersey Governor Signs Russia-Belarus...

New Jersey Governor Phil Murphy has signed into law a law that will ban certain government dealings with companies linked to Russia and Belarus and is calling on New Jersey’s $93.8 billion pension fund, Trenton, to cede certain investments in these countries. Mr Murphy signed the bill on Wednesday, moving quickly to impose sanctions on […]

Midwest Bank Partners with Lendsmart to ...

NEW YORK–(BUSINESS WIRE)–March 3, 2022– Midwest Bank, a locally owned community bank that provides loans, mortgages, financial planning and investment services throughout central Illinois, chose Lendsmart, an AI-powered digital lending platform, to improve its digital home buying and lending operations. This press release is multimedia. View the full press release here: https://www.businesswire.com/news/home/20220303006078/en/ Midwest Bank Selects […]

Green Dot announces share buyback progra...

AUSTIN, Texas–(BUSINESS WIRE)–Green Dot Corporation (NYSE: GDOT) today announced that its Board of Directors has approved a stock repurchase program with authority to purchase up to $100 million of common stock. The authorization is for an indefinite period. “We are pleased to announce that our Board of Directors has authorized a $100 million share buyback […]

Farmers Bank completes technical convers...

CANFIELD, Ohio — Farmers National Bank Corp. today announced that it has completed the technical conversion with Cortland Bancorp Inc. Technical conversion gives Cortland customers access to Farmers’ digital banking options, as well as its wealth management division, which includes private banking, trust, retirement, insurance and investment services , according to a press release. The […]

Valkyrie Investments surpasses $1 billio...

NASHVILLE, Tenn., February 15, 2022 /PRNewswire/ — Valkyrie Investmentsa leading investment manager focused on digital assets, is delighted to announce that it has now surpassed $1 billion assets under management (AUM). Valkyrie Investments is the parent company of exchange-traded funds (ETF) sponsor Valkyrie Fundand Valkyrie Digital Assets, which focuses on institutional and accredited investors. This […]

Biden’s decision on frozen funds stokes

KABUL, Afghanistan — Many Afghans have expressed outrage at the Biden administration’s decision to divert billions in frozen Afghan central bank assets to American families of 9/11 victims as Afghanistan sinks deeper more and more in economic disaster. The move, which would effectively bankrupt the country’s central bank, adds to the growing animosity many Afghans […]

PNC leader Ric DeVore retires

Ric DeVore, the region’s longtime top executive for PNC Bank, will retire at the end of next month, and taking that spot will be a native Detroiter. DeVore — a 31-year veteran of Pittsburgh-based PNC Bank, with 12 years as regional chairman for Detroit and southeast Michigan — plans to retire effective March 31, according […]

Seizure of funds of Rs 288-cr from Chine...

A FEMA Competent Authority has ‘confirmed’ the seizure of funds worth Rs 288 crore from a ‘Chinese-owned’ Non-Banking Financial Company (NBFC) which lent instant loans through mobile apps and then allegedly harassed the borrowers by “misusing” their personal data. The data. An order was issued by the Commissioner of Customs in Chennai […]

Delaware Investments National Municipal ...

PHILADELPHIA CREAM–(BUSINESS WIRE)–Today, Delaware Investments National Municipal Income Fund (NYSE American: VFL) (the “National Muni Fund”), a closed-end fund listed on the New York Stock Exchange and trading under the symbol “VFL”, announced declared a monthly distribution of $0.0450. per share. The monthly distribution is payable on February 25, 2022 to shareholders of record at […]

John Marshall Bank Hires Graziella Brenn...

RESTON, Va.–(BUSINESS WIRE)–February 8, 2022– John Marshall Bank is pleased to announce the arrival of Graziella Brenneman as Assistant Vice President, Director of Corporate Banking to strengthen its lending capabilities for the Small Business Administration (SBA). Graziella has 14 years of experience in the banking sector. Prior to joining John Marshall Bank, Graziella was responsible […]

Central Maine Business Briefings: Kenneb...

Stephanie Purnell Photo submitted AUGUSTA – Kennebec Savings Bank President and CEO Andrew Silsby recently announced that Stephanie Purnell has been hired as the bank’s branch manager at Waterville Main Street, according to a bank press release. Among other responsibilities, Purnell is responsible for the day-to-day management of the branch and staff, developing new business […]

The press release modifying the press re...

The Communiqué amending the Communiqué on compliance with interest-free banking principles and standards (“Amendment Communicated”) as well as the Communiqué on the procedures and principles relating to the information of customers and the public within the framework of the principles and standards of interest-free banking (“Communicated”) prepared by the Banking Regulation and Supervision Agency (“BRSA”) […]

HSBC USA Announces Four New Appointments...

NEW YORK–(BUSINESS WIRE)–February 1, 2022– HSBC Bank USA today announced the recent appointments of Deborah P. Bailey, Melvin L. Flowers, George W. Madison and Alice D. Schroeder to the boards of HSBC North America Holdings Inc. (HNAH) and HSBC Bank USA, NA (HBUS). Directors. Flowers and Madison’s appointments took effect on January 11, while Bailey […]

Business Process as a Service (BPaaS) Ma...

Business Process as a Service (BPaaS) Market IMARC Group expects the market to reach US$101.95 billion by 2027 growing at a CAGR of 10.5% during the period 2022-2027. SHERIDAN, WYOMING, USA, Jan. 31, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Business Process as a Service (BPaaS) Market: Global Industry Trends, Share, Size […]

Jefferson Bank Merger Protest Creates Ne...

Illinois-based First Mid Bank & Trust agreed to operational improvements, including providing small business loan subsidies and setting up branches in underserved areas, in response to criticism that threatened to derail its project merger with Jefferson Bank and Trust. Shoot “Diversify leadership and include community voices and feedback as key to not just changing the […]

OCBC and DBS roll out more anti-scam sec...

Banks have already removed clickable links in emails and text messages The prevalence of phishing scams has been making headlines lately, with many well-known organizations being hit by scammers. As protectors of people’s hard-earned money, banks are supposed to be safer than most. Thus, at least 2 Singaporean banks – OCBC and DBS – have […]

Bank of America cuts overdraft fees

Bank of America announced that it is reducing its overdraft fee from $35 to $10. (iStock) Bank of America announced that starting in May it will reduce its overdraft fee – the fee a customer pays when their bank account has reached a negative balance – from $35 to $10. The bank will also eliminate […]

Brac Bank reaches milestone of 700 banki...

Brac Bank passed the 700 milestone by opening 705 agent banking outlets as the rapid expansion of the network across the country continues. It now serves 1.40 lacs of unbanked people, mostly in rural and semi-urban parts of the country, with the chain’s rural penetration reaching the highest level in the industry at 77%. The […]

Business Beat: New England company buys ...

Townline Equipment, a group of Kubota dealers with locations in New Hampshire and Vermont, has purchased the three Sharon Springs Garage Kubota dealership locations in Sharon Springs, Oneonta and Troy. In a press release, Townline Equipment president Matt Marrazzo said that as the company grows, it will “remain committed to its customer-focused, community-focused approach.” “Sharon […]

Prime Minister welcomes UN appeal for Af...

ISLAMABAD: Prime Minister Imran Khan on Wednesday welcomed the UN’s pledge of more than $5 billion in funding for Afghanistan to avert the collapse of basic services in the war-ravaged country. The prime minister said the UN initiative was the result of a special meeting of foreign ministers of the Organization of Islamic Cooperation (OIC) […]

Nixa promotes as leadership role becomes...

Provided by the City of Nixa Cindy Robbins is the longest-serving employee of the Town of Nixa today. The town of Nixa changed a leadership role to a full-time one, a move that meant a promotion for a longtime employee. Effective Jan. 1, Cindy Robbins was promoted to full-time assistant city administrator, according to a […]

Options Technology Holiday Gift Fund NI ...

BELFAST, Ireland – (BUSINESS WIRE) – December 23, 2021– Options Technology, the leading provider of managed services in global capital markets, presented a check for £ 6,000 to the Children’s Hospice of Northern Ireland to help fund Horizon House and community nursing teams the day before and Christmas day. This press release features multimedia. View […]

ABN AMRO Bank N: Corporate clients can i...

Professional customers can increasingly personalize their digital bank Press release 22 December 2021 Starting today, ABN AMRO offers business customers the ability to perform IBAN name verifications themselves, using an API. Verifying customer data is a laborious and time consuming process for many businesses. By integrating the IBAN-Name Check API, they can make their business […]

Review of Citi Fourth Quarter 2021 Resul...

NEW YORK – (BUSINESS WIRE) – Dec. 17 2021– Citigroup will release its fourth quarter results via a press release at approximately 8:00 am ET on Friday, January 14, 2022. At 11:00 am ET, results will be reviewed via live webcast and conference call. The press release, webcast and presentation materials will be available at […]

UMB Bank selected as custodian of the CO...

KANSAS CITY, Missouri – (COMMERCIAL THREAD) – UMB Bank, na, subsidiary of UMB Financial Company (Nasdaq: UMBF), announces today that it has been selected to serve as custodian for the Colorado Local Government Liquid Asset Trust (COLOTRUST), a local government investment pool established in 1985 and accessible to all counties, Colorado towns, cities and school […]

Moneyhub and BR-DGE collaborate on Open ...

The open data and payments platform Moneyhub and the payment orchestration service BR-DGE announced on Tuesday (December 14) that they have joined forces. According to the two companies, BR-DGE will integrate Moneyhub’s open banking technology into its platform, which offers an integration point for several payment options. “This means merchants no longer need to choose […]

Barings Mutual Funds now consolidated wi...

SPRINGFIELD, Mass .– (BUSINESS WIRE) – December 13, 2021– Massachusetts Mutual Life Insurance Company (MassMutual) today announced that the consolidation of Barings’ mutual funds with MassMutual Funds 1 on the MassMutual Investments 2 platform announced earlier this year has been approved by the fund’s shareholders, and the funds were transferred successfully. This press release features […]

LOCAL BUSINESS DOCUMENTS: December 4, 20...

The store will host the Christmas Open Day GOSHEN – Cycle Works of Goshen invites the public to the store’s 19th Annual Christmas Open House on December 18 at 1210 E. Lincoln Ave. The event will start at noon. Holiday snacks and drinks will be served. There will be in-store discounts and draws for door […]

IXFI launches new exchange platform as a...

IXFI announced the official launch of a new crypto trading platform on December 1. The web version is currently available worldwide and will give users access to trading for 500 coins and over 1000 pairs. The product provides a complete alternative to banks, ensuring fast and secure transactions and access to crypto loans and card […]

Certain BlackRock Closed End Funds Annou...

NEW YORK – (BUSINESS WIRE) – November 19, 2021– BlackRock Advisors, LLC announced today that the boards of directors / trustees of six BlackRock Limited Time Closed-End Funds (the “Funds”) have authorized open market share buyback programs (the “Redemption Programs”). »Under which each Fund may redeem, until November 30, 2022, up to 5% of its […]

Clover Health Investments, Corp. announ...

NASHVILLE, Tennessee, November 17, 2021 (GLOBE NEWSWIRE) – Clover Health Investments, Corp. (Nasdaq: CLOV), (“Clover Health”), a technology company committed to improving health equity for seniors, today announced the price of its previously announced public offering of 52,173,913 shares Class A common stock at a price of $ 5.75 per share. In addition, Clover Health […]

Voya Equity Closed-End Funds Declare Dis...

SCOTTSDALE, Arizona – (BUSINESS WIRE) – November 15, 2021– Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), today announced the monthly distribution on the common shares of one of its closed-end funds. With regard to the Fund, the distribution will be paid on December 15, 2021 to shareholders of record […]

Mike Eisenga Answers: How involved are p...

Many business successes have been fueled by investments from private equity firms. Michael Eisenga explains how involved these companies are. UNITED STATES, November 4, 2021 /EINPresswire.com/ – There are countless stories of private equity firms turning relatively small and unknown companies into powerful success stories. Backed by large investments, the drive to succeed, and industry […]

Brunel PP transfers £ 3bn more passive f

Posted on 02/11/2021 Brunel Pension Partnership has migrated over £ 3 billion in assets to the new FTSE Russell Paris-aligned benchmark series that they developed in coordination with FTSE Russell, the index, data and analytics provider. Five client members of the Brunel Pension Partnership have made the decision to switch from passive fund allocations to […]

No disruption to digital banking after a...

KARACHI: A day after a cyberattack on the National Bank of Pakistan (NBP), 1LINK – a consortium of 11 banks and Pakistan’s largest switching and payment system – said there had been no disruption to interoperable banking services during or after the cyberattack. 1LINK said in a statement on Sunday that “all transactions, both financial […]

AfDB to integrate AfCFTA to boost trade ...

By Kester Kenn Klomegah Russian VTB Capital and Credit Suisse have agreed to pay US and UK authorities fines for their role in a commercial fraud, known as the “hidden debt” scandal since 2013 in Maputo, Mozambique. According to reports, after the final ruling on the case, the US Securities and Exchange Commission (SEC) announced […]

Wells Fargo to Present at BancAnalysts A...

SAN FRANCISCO – (BUSINESS WIRE) – October 29, 2021– Wells Fargo & Company (NYSE: WFC) announced today that Consumer Lending CEO Mike Weinbach will present at the BancAnalysts Association of Boston conference on Friday, November 5, 2021 at 9:40 a.m. ET. This press release features multimedia. See the full version here: https://www.businesswire.com/news/home/20211029005075/en/ Wells Fargo Bank […]

BNCCORP, INC. Announces Special Cash Di...

BISMARCK, ND, Oct. 28, 2021 / PRNewswire / – BNCCORP, INC. (BNC or the Company) (OTCQX Markets: BNCC) announced today that its Board of Directors has declared a special and one-time cash dividend of $ 6.00 per common share of BNCCORP, INC. The dividend is payable on December 15, 2021 to holders of record on […]

Wellington launches the first funds focu...

Wellington Management Co. has launched four investment funds in Singapore, in what the Boston giant has called its first “foray into the retail segment”. A press release says Wellington has received approval from the Monetary Authority of Singapore to launch two bond funds, Wellington Credit Income Fund and Wellington Global Property Income Fund, as well […]

Central Maine Business Records: Ashlee D...

Ashlee Dixon Contribution photo AUGUSTA – Kennebec Savings Bank President and CEO Andrew Silsby recently announced the promotion of Ashlee Dixon to Winthrop Branch Manager. Dixon started working at the bank in 2007 as a summer cashier and was accepted into the bank’s management training program in 2012. Upon completion of the program, she worked […]

Greene County residents weigh on stimulu...

Residents surveyed by the Greene County government say mental health services should be the top priority for tens of millions of dollars in federal stimulus funding. The survey garnered 1,719 responses and 645 written comments, according to a press release. The debate centers on half of the county’s $ 56.8 million in American Rescue Plan […]

Minister of Energy RK Singh

Public non-bank financial corporations (NBFC) Power Finance Corporation (PFC) and REC should explore cheaper options for raising funds, including offshore sources. In stating this, Energy Minister RK Singh said, the two NBFCs should focus on ensuring that the power sector value chain has access to cheaper funds, especially renewables. “RK Singh, Union Minister of Energy […]

VentureSouth creates one of the first an...

Few angel funds in the Southeast are helping launch tech companies, according to Greenville-based VentureSouth. The working capital open to public investors is even less numerous. The upstate angel investment group, which now has more than 50 active holding companies nationwide, knew it was doing something unique when the organization unveiled Rolling South in late […]

5 banks acquire 16 branches from Arvest

One of the state’s largest banks sells 16 branches to multiple buyers. Arvest Bank, chartered by Fayetteville, has entered into agreements to sell the assets to Arkansas Cross County Bank (Wynne), Farmers Bank & Trust Co. (Magnolia), FNBC Bank (Ash Flat), Generations Bank (Rogers) and RCB based in Oklahoma Bank (Claremore). All transactions are pending […]

Régions unveils an alternative to overdr

Dive brief: The Birmingham, Alabama-based Regions Bank on Thursday became the latest bank to unveil a checking account with no overdraft fees or insufficient funds, according to a press release. The account, called Regions Now Checking, charges a flat monthly fee of $ 5 and can be linked to other Regions accounts to provide overdraft […]