Feed aggregator
AM Best Affirms Credit Ratings of Saudi Arabian Insurance Company B.S.C. (c)
LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Saudi Arabian Insurance Company B.S.C. (c) (Damana) (Bahrain). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Damana’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management. The ratings also factor in
KBRA Comments on TowneBank's Merger Agreement to Acquire Dogwood State Bank
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--On August 19, 2025, Portsmouth, VA-based TowneBank (NASDAQ: TOWN)(KBRA Senior Unsecured Debt rating: A-/Stable Outlook) announced a definitive acquisition agreement with Raleigh, NC-based Dogwood State Bank, (OTC: DSBX, "Dogwood", $2.4 billion assets, $2 billion deposits) in an all-stock deal valued at $476.2 million (or $25.04/share of DSBX common stock, based on TOWN’s 15-day average closing stock price of $35.77 on August 18, 2025), reflective of a price to TBV of
Consortium Brands Appoints Mike Jacobs as Chief Growth Officer & Operating Partner
NEW YORK--(BUSINESS WIRE)--Consortium Brand Partners, a leading consumer-focused fund manager, accelerating the growth of iconic and emerging consumer brands, announced today the appointment of Mike Jacobs as Chief Growth Officer & Operating Partner. In this pivotal role, Jacobs will spearhead growth initiatives across Consortium’s portfolio, including beloved brands such as Draper James, Jonathan Adler, and Outdoor Voices, as well as future strategic acquisitions. Jacobs joins Consortium B
Generational Group Advises CL Driving School, LLC in its Sale to Sonoran Desert Institute
DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of CL Driving School, LLC to Sonoran Desert Institute. The acquisition closed July 23, 2025. Based in Indian Trail, North Carolina, CL Driving School, LLC is dedicated to helping individuals launch successful careers in truck driving through fast, flexible, and affordable CDL training. With campuses in both Indian Trail and Charlotte, the s
