Alerus Financial Appoints Karin Taylor as Chief Operating Officer
Alerus Financial Corporation (Nasdaq: ALRS) has announced that Jon Hendry, Executive Vice President and Chief Technology Officer, will retire at the end of the year. As part of a planned succession, Hendry will transition his responsibilities to Karin Taylor, who…
JSB Financial Promotes Dustin T. Branner to EVP and Chief Lending Officer
JSB Financial Inc. (OTC Pink: JFWV), the parent company of Jefferson Security Bank, has announced the promotion of Dustin T. Branner to Executive Vice President and Chief Lending Officer. In this pivotal role, Branner will leverage his extensive expertise and…
AM Best Revises Outlook to Negative for BCBS Michigan and Subsidiary; Affirms AF Group Ratings
AM Best has revised the outlooks for Blue Cross Blue Shield of Michigan Mutual Insurance Company (BCBS MI) and its subsidiary, Blue Care Network of Michigan, to negative from stable. Despite the outlook revision, AM Best has affirmed the Financial…
WSFS Names New Chief Marketing Officer and Chief Community Impact Officer
WSFS Financial Corporation , the parent company of WSFS Bank, has announced the appointment of Lynn Hobson as its new Chief Marketing Officer (CMO), effective December 2, 2024. Simultaneously, the company revealed that its former CMO, Justin Dunn, has transitioned…
Snowden Lane Partners Welcomes Alex Bryer to Leadership Team, Strengthening Business Development
Snowden Lane Partners, a leading independent, advisor-owned wealth advisory firm, has announced the appointment of Alex Bryer to its leadership team. Bryer will play a pivotal role in the firm’s business development strategy, a move that underscores Snowden Lane’s commitment…
Sound Credit Union Completes Acquisition of Washington Business Bank
Sound Credit Union (Sound), a prominent financial institution headquartered in Tacoma, Washington, has officially completed its acquisition of Washington Business Bank (OTCPK: WBZB), based in Olympia, Washington. This significant transaction, finalized late last week, marks a strategic milestone for both…
BondBloxx Introduces First ETF Offering Direct Exposure to Private Credit
BondBloxx, a leading fixed income ETF provider, is set to launch the first ETF offering direct exposure to private credit on Tuesday, December 3rd. “We’re very pleased to be adding PCMM to our lineup of innovative income-generating solutions,” said Leland…
Madison Covered Call & Equity Strategy Fund Announces Quarterly Distribution of $0.18 per Share
The Madison Covered Call & Equity Strategy Fund (the “Fund”) has declared its regular quarterly distribution of $0.18 per share on its common shares (NYSE: MCN). This distribution will be payable on December 31, 2024, to shareholders of record as…
Gantry Strengthens Southern California Presence Through Westcap Integration
Gantry, Inc. (Gantry), a leading national full-service commercial mortgage banking firm, has bolstered its presence in Southern California by integrating the operations of Westcap Corp (Westcap) into its platform. This strategic move significantly enhances Gantry’s correspondent-driven loan production, adding more…
UNITE HERE Advisory: Hilton USA Trust 2016-SFP CMBS Holders Face Uncertainty Amid Special Servicer Transition
Holders of Hilton USA Trust 2016-SFP commercial mortgage pass-through certificates should be alert to a forthcoming transaction involving the loan’s special servicer, Wells Fargo Bank, N.A. The underlying loan has been in special servicing since June 2023, following Park Hotels…
Allianz Life Study Reveals Debt’s Impact on American Retirement Savings
The 2024 Annual Retirement Study from Allianz Life Insurance Company of North America (Allianz Life) reveals that a significant number of Americans are burdened by debt, with many concerned about how it will affect their financial futures. A majority—55%—of Americans…
United Bankshares, Inc. Secures Final Regulatory Approval for Piedmont Bancorp Acquisition
United Bankshares, Inc. (“United”) (NASDAQ: UBSI), the parent company of United Bank, has announced it has received all necessary regulatory approvals for its proposed merger with Piedmont Bancorp, Inc. (“Piedmont”), the parent company of The Piedmont Bank. “We are pleased…