FGIC Enters Transaction Support Agreement for Run-Off Plan
Financial Guaranty Insurance Company (FGIC) has made an announcement regarding its entry into a transaction support agreement with an ad hoc group of certain holders of FGIC-insured securities. The agreement, dated February 29, 2024, aims to accelerate the run-off of…
Metropolitan Commercial Bank Strengthens Risk and Finance Teams with Veteran Bank Professionals
Metropolitan Commercial Bank (the “Bank,” “MCB”), a New York City-based full-service commercial bank, announced today the appointment of Gregory Gaare as Senior Vice President and Chief Risk Officer, Theodore George Andreades as Senior Vice President and Bank Secrecy Act/Anti-Money Laundering…
Eric Schoenstein of Jensen Investment Management to Retire in 2025
Jensen Investment Management (“Jensen”), a 100% employee-owned active equity investment management firm announces the planned retirement of Eric Schoenstein, Chief Investment Officer, effective March 1, 2025. Schoenstein, who joined Jensen in 2002, serves as Managing Director and is a member…
Atlantic Union Bankshares Corporation has confirmed the receipt of regulatory approvals
Required to finalize its merger with American National Bankshares Inc Atlantic Union Bankshares Corporation announced today that it has received regulatory approval from the Board of Governors of the Federal Reserve System (the “Federal Reserve”) to complete the previously announced…
Envestnet Reports Fourth Quarter 2023 Financial Results
Envestnet (NYSE: ENV), a leading provider of intelligent systems for wealth management and financial wellness, today reported financial results for the quarter and year ended December 31, 2023. Three Months Ended Year Ended …
The Federal Home Loan Bank of Dallas, in partnership with First Federal Bank of Louisiana
The Federal Home Loan Bank of Dallas (FHLB Dallas) has granted $75,000 to Project Build a Future (PBAF) through its member, First Federal Bank of Louisiana, as part of its Heirs’ Property Program. This initiative aims to assist locals in…
Northern Trust Announces the Appointment of Olivier Noël as Country Head for Luxembourg
Olivier Noël Appointed Country Head for Luxembourg at Northern Trust Northern Trust announced today the appointment of Olivier Noël as Country Head for Luxembourg and leader of its Luxembourg-based asset management company, effective immediately. “Northern Trust opened its first branch…
Alerus Financial Corporation Appoints Forrest Wilson as Chief Retirement Services Officer
Alerus Financial Corporation (Nasdaq: ALRS) has appointed Forrest Wilson as Executive Vice President and Chief Retirement Services Officer, effective February 26, 2024. With over 25 years of experience in the retirement services industry, Mr. Wilson brings a wealth of knowledge…
AM Best Revises Fidelis Insurance Holdings’ Outlooks to Stable
AM Best has upgraded the outlooks to stable from negative for Fidelis Insurance Bermuda Limited, Fidelis Underwriting Limited, and Fidelis Insurance Ireland Designated Activity Company, affirming their Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a”…
KBRA Research: Private Credit – First Look at Middle Market Borrowers’ Interest Coverage and Liquidity
KBRA Updates Research on 2024 Outlook for Private Credit Middle Market Borrowers” KBRA has released an update to its research focusing on the 2024 outlook for private credit middle market borrowers, with a specific emphasis on interest coverage and liquidity.…
Brett Myers Named Tulsa Market President at Gateway
FHLB Dallas Grants $75,000 to MAUC for Heirs’ Property Program The Federal Home Loan Bank of Dallas (FHLB Dallas) has allocated $75,000 in grants to the Mexican American Unity Council (MAUC) via Broadway Bank, facilitating the Heirs’ Property Program. These…
TD Bank Introduces “Tap to Pay on iPhone” for Small and Micro Enterprises
“With Tap to Pay and the TD Bank Mobile App, business owners can accept all types of in-person, contactless payments using only their iPhone – from contactless credit and debit card to digital wallet or wearable, Tap to Pay eliminates…