KBRA Assigns Preliminary Ratings to Avant Loans Funding Trust 2024-REV1
KBRA has assigned preliminary ratings to five classes of notes issued by Avant Loans Funding Trust 2024-REV1 (“AVNT 2024-REV1”), an unsecured consumer loan ABS transaction. The initial hard credit enhancement levels range from 51.48% for the Class A Notes to…
Oregon Pacific Bancorp Reports Q2 2024 Earnings Results
Oregon Pacific Bancorp (ORPB) Announces Q2 2024 Financial Results Oregon Pacific Bancorp (ORPB), the holding company of Oregon Pacific Bank, has released its financial results for the second quarter ending June 30, 2024. Key Highlights: Financial Performance: Net income for…
Metropolitan Bank Holding Corp. Announces Q2 2024 Financial Results
Metropolitan Bank Holding Corp. Announces Q2 2024 Financial Results Metropolitan Bank Holding Corp. (the “Company”) (NYSE: MCB), the parent company of Metropolitan Commercial Bank (the “Bank”), reported a net income of $16.8 million, or $1.50 per diluted common share, for…
Kish Bancorp, Inc. Posts Second Quarter 2024 Net Income of $3.2 Million and $6.2 Million for the First Half of 2024
Kish Bancorp, Inc. Reports Strong Second Quarter and First Half 2024 Results Kish Bancorp, Inc. (OTCQX: KISB), parent company of Kish Bank, announced its financial results for the second quarter and first half of 2024. The company reported net income…
Omnia Family Wealth Appoints Lawrence Muscant as Executive Vice President
Omnia Family Wealth Appoints Lawrence Muscant as Executive Vice President Omnia Family Wealth is pleased to announce the appointment of Lawrence Muscant as Executive Vice President, effective July 15, 2024. Muscant brings a wealth of expertise in economics, geopolitics, and…
SmartMetric Highlights Consumer Interest: Up to 86% Interested in Biometric Identity Verification and Payments
SmartMetric Sees Growing Market for Biometric Credit Cards SmartMetric, Inc. (OTC: SMME), targeting the expansive U.S. credit card market of 518 million issued cards, anticipates robust demand for biometric-enhanced cards based on recent consumer insights. “We foresee significant growth ahead…
D.A. Davidson Facilitates SmartAction’s Acquisition by Capacity, a Top Conversational AI Solutions Provider
D.A. Davidson & Co. announced today its role as exclusive financial advisor to SmartAction LLC, a leading provider of conversational AI solutions aimed at enhancing customer experience, in its acquisition by Capacity, an AI-powered customer support automation platform. SmartAction, backed…
XA Investments to Advise Madison Investments Closed-End Fund, Keeping Madison as Portfolio Manager
XA Investments (XAI), an alternative investment management firm, has announced plans to become the investment adviser to the Madison Covered Call & Equity Strategy Fund (NYSE: MCN), a $146 million listed closed-end fund, pending shareholder approval. Madison Investments will continue…
Capstack Technologies Acquires Edge Tradeworks, Unifying Whole Loans and Participation Trading on One Platform
Capstack Technologies, the leading loan trading platform for financial institutions, today announced the acquisition of Edge Tradeworks Inc. (“Edge”), an institutional-grade whole loan-trading and bank analytics platform. Together, the two companies will offer a first-of-its-kind platform that brings whole loan…
KBRA Assigns Preliminary Ratings to Bridge 2024-SFR1 Securitization
KBRA has assigned preliminary ratings to six classes of Bridge 2024-SFR1 single-family rental pass-through certificates. Bridge 2024-SFR1 is a single-borrower, single-family rental (SFR) securitization collateralized by a $265 million loan secured by first-priority mortgages on 1,130 income-producing single-family homes. The…
FINRA Appoints Julie Glynn and Tina Gubb as Senior Vice Presidents of Enforcement
FINRA announced today the appointment of Julie Glynn and Tina Gubb as Senior Vice Presidents of Enforcement. Gubb’s appointment will take effect on July 22, while Glynn’s will begin in September. Both will report to Bill St. Louis, Executive Vice…
Harleysville Financial Corporation Announces Regular Cash Dividend and Third Quarter Earnings for Fiscal Year 2024
Harleysville Financial Corporation (OTCQX ) announced today that its board of directors has declared a regular quarterly cash dividend of $0.31 per share on the company’s common stock. The dividend is payable on August 14, 2024, to stockholders of record…