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AM Best Affirms Credit Ratings of Federated Underwriting Company

Fri, 01/21/2022 - 10:32
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Federated Underwriting Company (Federated) (Colchester, VT). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Federated’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The rat

Montecito Medical Acquires Medical Park Property in Buffalo Area

Fri, 01/21/2022 - 10:32
NASHVILLE, Tenn.--(BUSINESS WIRE)--Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of the Windsong Medical Park property in Williamsville, New York. The two adjoining buildings that comprise the fully leased medical park offer a combined total of more than 72,000 rentable square feet of space. Windsong Radiology, a large radiology group, is the medical park’s anchor tenant, occupying slightly more than 41,000 square feet. “It wa

Wolters Kluwer Compliance Solutions and Floify Announce Collaboration for eNote Digital Signature Closings

Fri, 01/21/2022 - 10:32
MINNEAPOLIS--(BUSINESS WIRE)-- #digitalsignature--Wolters Kluwer's digital promissory "eNote" technology integrates with Floify’s loan processing system to provide Floify customers digital e-closings.

Velocity Financial, Inc. Provides Financial and Operational Update and Announces Date of Fourth Quarter Results Conference Call

Fri, 01/21/2022 - 10:32
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (“Velocity” or the “Company”) (NYSE: VEL), a leading provider of small balance investor loans, today announced a preliminary financial and operational update for the quarter ended December 31, 2021. The Company expects to release its fourth quarter 2021 results after market close on March 10, 2022, to be followed by a conference call and webcast hosted by the Company to review its financial results at 2:00 p.m. Pacific Time / 5

Are We in a Housing Bubble? Homebuyers Say Yes, Redfin Expert Says No

Fri, 01/21/2022 - 10:32
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than three-quarters (77%) of homebuyers and sellers believe there’s a housing price bubble in the area where they live, according to a survey in a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Meanwhile, 44% of real estate agents believe there’s a housing bubble in the market where they work. The former is from a Redfin-commissioned survey of 1,500 U.S. residents who are planning to buy or sell a home in the ne

Affirm to Announce Second Quarter 2022 Results on February 10, 2022

Fri, 01/21/2022 - 10:32
SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced it will host a conference call and webcast to discuss second quarter fiscal year 2022 financial results on Thursday, February 10, 2022 at 5:00pm ET. Hosting the call will be Max Levchin, Founder and Chief Executive Officer, and Michael Linford, Chief Financial Officer. The conference call will be webcast live from the Company's inves

Dun & Bradstreet Launches D&B Receivables Intelligence With FIS GETPAID

Fri, 01/21/2022 - 10:32
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Dun & Bradstreet Launches D&B Receivables Intelligence with FIS GETPAID

Sterling Bancorp, Inc. Settles Shareholder Demand

Fri, 01/21/2022 - 10:32
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Sterling Bancorp, Inc. (the “Company”) (NASDAQ: SBT), the thrift holding company for Sterling Bank and Trust, F.S.B., Southfield, Michigan (the “Bank”), today announced that the Company reached an agreement to settle the shareholder demand for a derivative action originally set forth in a letter from a purported shareholder of the Company received on July 28, 2020 (the “Shareholder Demand”) and reflected in a shareholder derivative complaint that was recently

AMN Healthcare to Hold Fourth Quarter and Full Year 2021 Earnings Conference Call on Thursday, February 17, 2022

Fri, 01/21/2022 - 10:32
DALLAS--(BUSINESS WIRE)--AMN Healthcare Services, Inc. (NYSE: AMN), has scheduled a conference call to discuss its fourth quarter and full year 2021 financial results and first quarter 2022 outlook on Thursday, February 17, 2022 at 5:00 p.m. Eastern Time. The same day, the Company also expects to issue its fourth quarter and full year 2021 earnings news release after market close at approximately 4:15 p.m. Eastern Time. A live webcast of the call can be accessed through AMN Healthcare’s website

Fintechs Launching Visions into Products Faster with Praxent Design and Development

Fri, 01/21/2022 - 10:32
AUSTIN, Texas--(BUSINESS WIRE)--Praxent wraps 2021 with strong momentum, completing digital transformation projects for nearly 20 financial services companies.

Karen Caterino Appointed to Nevada Division of Insurance Agent Advisory Council

Fri, 01/21/2022 - 10:32
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- #Alliant--Karen Caterino, Senior Vice President, Alliant, has been appointed to serve as a member of the Nevada Division of Insurance Agent Advisory Council.

Sierra Bancorp Declares Quarterly Cash Dividend

Fri, 01/21/2022 - 10:32
PORTERVILLE, Calif.--(BUSINESS WIRE)--Sierra Bancorp Declares Quarterly Cash Dividend

OfficeSpace Software Receives $150 Million Strategic Investment From Vista Equity Partners to Power the Future of Hybrid Work

Fri, 01/21/2022 - 10:32
ATLANTA & AUSTIN, Texas--(BUSINESS WIRE)-- #IWMS--OfficeSpace Software, Inc., the creator of better workplaces, announced today that it has received an approximately $150 million strategic investment from Vista Equity Partners, the leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses. Vista’s partnership will enable OfficeSpace to continue bringing the future of the hybrid workplace to life for customers and accelerate its efforts to help org

Santander Holdings USA, Inc. Announces Extension of Tender Offer to Acquire Shares it Does not Own of Santander Consumer USA Holdings Inc. for $41.50 per Share

Fri, 01/21/2022 - 10:32
BOSTON--(BUSINESS WIRE)--Santander Holdings USA, Inc. (“SHUSA”) today announced that it has extended the expiration date of its previously announced tender offer (the “Tender Offer”) to acquire all outstanding shares of common stock of Santander Consumer USA Holdings Inc. (“SC”) not already owned by SHUSA for $41.50 per share (the “Offer Price”). Under the terms of the merger agreement entered into on August 23, 2021 by and among SHUSA, SC and Max Merger Sub, Inc., a wholly owned subsidiary of

Rents Rise 14% in December—Biggest Jump in Over Two Years

Fri, 01/21/2022 - 10:32
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Average monthly listed rents in the U.S. increased 14.1% year over year to $1,877 in December, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This was the largest annual jump since at least February 2019—the earliest month in Redfin’s rental data. Meanwhile, the national monthly mortgage payment for homebuyers climbed 21.6% year over year, also the biggest increase in Redfin’s records. “The growth in m

Smith Acquires Digital Marketing Agency Adept to Deliver Growth Acceleration Across All Stages of the Customer Journey

Fri, 01/21/2022 - 10:32
DAYTON, Ohio--(BUSINESS WIRE)-- #performancecommerce--Smith, a global performance commerce agency, is thrilled to announce the acquisition of Adept, a Columbus, Ohio-based agency best known for maximizing brand growth through digital marketing. Through this acquisition, the agency will deliver on its commitment to relentless optimization across all stages of the customer journey, transforming potential into performance. "Our mission remains laser-focused on driving outcomes that enable our clients to grow sustainably

Bain Capital Specialty Finance, Inc. Schedules Earnings Release for the Fourth Quarter and Fiscal Year Ended December 31, 2021

Fri, 01/21/2022 - 10:32
BOSTON--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”) today announced it will report its financial results for the fourth quarter and fiscal year ended December 31, 2021 on Wednesday, February 23, 2022 after market close. Management will host a conference call on Thursday, February 24, 2022 at 8:30 a.m. Eastern Time to discuss the Company’s financial results. Conference Call Information: A conference call to discuss the Company’s financial results will be hel

Francisco Partners to Acquire IBM’s Healthcare Data and Analytics Assets

Fri, 01/21/2022 - 10:32
ARMONK, N.Y. & SAN FRANCISCO--(BUSINESS WIRE)--IBM (NYSE: IBM) and Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, today announced that the companies have signed a definitive agreement under which Francisco Partners will acquire healthcare data and analytics assets from IBM that are currently part of the Watson Health business. The assets acquired by Francisco Partners include extensive and diverse data sets and products, including

Blackstone Launches Sustainable Resources Credit Platform

Fri, 01/21/2022 - 10:32
NEW YORK--(BUSINESS WIRE)--Blackstone today announced the launch of Blackstone Credit’s Sustainable Resources Platform focused on investing in and lending to renewable energy companies and those supporting the energy transition. Blackstone Credit is one of the world’s largest providers of private credit in the energy transition marketplace. This initiative brings together Blackstone Credit’s scale and expertise in these areas with the firm’s ESG and Portfolio Operations capabilities to deliver

3Phase Elevator and Specialized Elevator Announce Merger

Fri, 01/21/2022 - 07:32
CANTON, Mass. & SANTA FE SPRINGS, Calif.--(BUSINESS WIRE)--3Phase Elevator (“3Phase”), a leading independent elevator and escalator services provider in the eastern United States, and Specialized Elevator Services Holdings (“Specialized”), California’s leading independent elevator service provider, announced their merger today, creating the largest nationwide independent union elevator services company in the United States. Existing 3Phase investor Berkshire Partners has made a strategic growth

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