AM Best Changes Credit Rating Outlook for Farmers Mutual Insurance Company of Nebraska to Negative
AM Best has revised the outlook for the Long-Term Issuer Credit Rating (Long-Term ICR) of Farmers Mutual Insurance Company of Nebraska (Farmers of Nebraska) from stable to negative, while affirming the Financial Strength Rating (FSR) of A (Excellent) and the…
Enhanced Experian Ascend Technology Platform™ Revolutionizes Credit, Fraud, and Analytics Management Software
Enhanced Experian Ascend Technology Platform™ Revolutionizes Credit, Fraud, and Analytics Management As companies worldwide navigate an accelerating pace of change and seek to optimize their operations, Experian® is ushering in a new era of simplification, scalability, and automation with enhancements…
Watt Plaza Secures Long-Term Lease with Esquire Bank, Marking First West Coast Location
Watt Plaza has signed a 10-year lease agreement with Esquire Bank, a premier commercial bank serving the legal industry and small businesses. The 3,800-square-foot ground-floor location at the corner of Century Park East and Constellation Blvd. is expected to open…
Tim Anderson Appointed to Lead Institutional Business Development at Chicago Atlantic
Tim Anderson, a well-known institutional capital raiser and former Managing Director at Marquee Capital, has joined Chicago Atlantic, an alternative investments manager. Anderson will lead the firm’s institutional fundraising efforts as Managing Director, Institutional Business Development. “I was attracted to…
ZimCal Raises Concerns Over Excessive Pay at Medallion Financial
The stock price has dropped 20% year-to-date, yet management continues to receive substantial rewards at the expense of shareholders. The high executive compensation is not in line with the core business performance. ZimCal has sent a letter to shareholders highlighting…
EVERTEC Successfully Reprices Existing Term Loan B
EVERTEC, Inc. (NYSE: EVTC) has successfully repriced its outstanding $540 Term Loan B (TLB) due in 2030, announcing a reduction in interest rate margins from SOFR + 350 basis points to SOFR + 325 basis points. This leverage-neutral repricing aims…
KBRA Preliminarily Rates Sunnova Hestia II Issuer, LLC Solar Loan Backed Notes, Series 2024-GRID1
KBRA has assigned preliminary ratings to two classes of notes issued by Sunnova Hestia II Issuer, LLC Solar Loan Backed Notes, Series 2024-GRID1, totaling $168.9 million in a residential solar loan ABS transaction. This marks the second securitization under the…
U.S. Bank Achieves Top Rank in California for Retail Banking Customer Satisfaction, According to J.D. Power
U.S. Bank has once again achieved the highest score in California in J.D. Power’s annual study measuring clients’ satisfaction with their primary bank, marking its fourth consecutive year at the top. The study, now in its 19th year, evaluates satisfaction…
A+ Federal Credit Union Awards $150,000 in Scholarships to 75 Students
The A+ Federal Credit Union (A+FCU) Board of Directors has proudly granted $150,000 in scholarships to 75 high school and college students across Texas for the upcoming 2024-2025 school year. This increase in annual scholarship funding, marking the credit union’s…
WebBank, a Steel Partners Company, Recognized Among American Banker’s Top Workplaces in Financial Technology for 2024
WebBank, a wholly owned subsidiary of Steel Partners Holdings (NYSE: SPLP), has been recognized as one of the Best Places to Work in Financial Technology for 2024. This marks the second consecutive year that WebBank has achieved this honor, securing…
CrossCountry Consulting Names New National Leader for Government Contracting Industry
CrossCountry Consulting, a prominent business advisory firm, announced today the appointment of Laura Adams as Partner in the Accounting Advisory practice and the national Government Contracting Industry Lead. Based in Washington, D.C., Adams will focus on supporting clients in the…
AM Best Assigns Credit Ratings to Accelerant Insurance Company of Canada.,
Affirms Ratings for Accelerant Holdings’ Subsidiaries AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to Accelerant Insurance Company of Canada (AIC) (Canada). The outlook for…