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AM Best Assigns Preliminary Credit Assessment to Amherst Specialty Insurance Company
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Preliminary Credit Assessment (PCA) to Amherst Specialty Insurance Company (Amherst) (Addison, TX) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of “a-” pca (Excellent). The outlook assigned to this PCA is stable. The PCA reflects Amherst’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriat
Executive Chairman Rodney O. Martin, Jr., to retire on Feb. 29, 2024, as previously announced, following a successful tenure as Voya Financial’s chairman and former CEO
NEW YORK--(BUSINESS WIRE)---- $VOYA--Voya Financial, Inc. (NYSE: VOYA), announced today that David Zwiener, a board director for more than a decade and currently the board’s lead independent director, will become non-executive chair upon the previously announced retirement of Executive Chairman Rodney O. Martin, Jr., on Feb. 29, 2024. Martin previously served as Voya’s chairman and chief executive officer (CEO) and was succeeded as CEO by Heather Lavallee on Jan. 1, 2023. Lavallee has also served as a di
HubSpot to Announce Fourth Quarter and Full Year 2023 Financial Results on February 14, 2024
CAMBRIDGE, Mass.--(BUSINESS WIRE)--HubSpot, the customer platform for scaling businesses, announced today that it will report its fourth quarter and full year 2023 financial results after the U.S. financial markets close on Wednesday, February 14, 2024. In conjunction with this report, HubSpot will host a conference call on Wednesday, February 14, 2024, at 4:30 p.m. Eastern Time (ET) to discuss the company's fourth quarter and full year 2023 financial results and its business operations and out
First Business Bank Announces 10% Increase in Quarterly Common Stock Dividend
MADISON, Wis.--(BUSINESS WIRE)--First Business Financial Services, Inc. (the “Company” or “First Business Bank”) (Nasdaq: FBIZ) announced its board of directors has declared a quarterly cash dividend on its common stock of $0.25 per share which is equivalent to a dividend yield of 2.53% based on Friday's market close price of $39.56. The quarterly dividend represents a 10% increase over the quarterly dividend declared in October 2023, and, based on fourth quarter 2023 earnings per share, repres
Rand Capital’s Board of Directors Approves Reduction of Asset Coverage Requirement
BUFFALO, N.Y.--(BUSINESS WIRE)--Rand Capital's (Nasdaq: RAND) Board of Directors Approves Reduction of Asset Coverage Requirement
Lockton Joins The Network of Employers for Traffic Safety Board of Directors
VIENNA, Va.--(BUSINESS WIRE)--The Network of Employers for Traffic Safety (NETS) is pleased to announce that Lockton has joined the organization’s Board of Directors. Lockton is the world's largest independently held insurance broker helping clients strengthen their businesses through risk management, insurance, employee benefits consulting and retirement services solutions. “The Board of Directors is thrilled to welcome Lockton Board representative Jay Gnadt, Senior Vice President, to NETS,” s
Dillard’s, Citi and Mastercard Announce New Credit Card Agreements
LITTLE ROCK, Ark. & PURCHASE, N.Y. & NEW YORK--(BUSINESS WIRE)--Dillard’s, Inc. (“Dillard’s”) (NYSE: DDS), Citi (NYSE: C) and Mastercard (NYSE: MA) announced today that the companies have entered into new agreements to provide a credit card program for Dillard’s customers. Citi will purchase the existing Dillard’s credit card accounts and Mastercard will serve as the exclusive payment network for co-branded cards offered under the new program. The Dillard’s credit card program offered by Citi w
Redwood Trust Announces Dividend Tax Information for 2023
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT, “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced tax information regarding its dividend distributions for 2023. Shareholders should check the tax statements they receive from their brokerage firms to confirm the Redwood dividend distribution information reported in those statements conforms to the information reported here. Set forth in this press release are Red
Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #banking--Customers Bancorp declared a quarterly cash dividend on Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E & Series F.
Hess Midstream LP Announces Distribution Per Share Level Increase
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES DISTRIBUTION PER SHARE LEVEL INCREASE
Sidus Space Announces Proposed Public Offering
CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Sidus Space, Inc. (Nasdaq: SIDU) ("Sidus" or the "Company"), a multi-faceted Space and Data-as-a-Service company, today announced that it intends to offer to sell shares of its Class A common stock (and/or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof) in an underwritten public offering. All of the shares of Class A common stock (and/or Pre-funded Warrants) are to be sold by the Company. ThinkEquity is acting as sole book-running manager for
ServisFirst Bancshares, Inc. Announces Results For Fourth Quarter of 2023
BIRMINGHAM, Ala.--(BUSINESS WIRE)--ServisFirst Bancshares, Inc. (NYSE: SFBS), today announced earnings and operating results for the quarter ended December 31, 2023. Fourth Quarter 2023 Highlights: Entering the Memphis, Tennessee market with the hiring of Joel Smith as President. Deposits grew 15% year-over-year and new deposit accounts opened increased 12% year-over-year. Diluted earnings per share of $0.77 for the quarter. Adjusted* diluted earnings per share of $0.91 for the quarter. $2.1 bi
Hagens Berman Asks Federal Judge to Inform Owners: Pacifica Hybrid Minivans Still at Risk of Spontaneous Fire Post-Recall
DETROIT--(BUSINESS WIRE)---- $STLA #EVs--Hagens Berman filed a motion for curative notice in a class-action lawsuit against Fiat Chrysler regarding defective Chrysler Pacifica hybrids.
HomeStreet Reports Year End and Fourth Quarter 2023 Results
SEATTLE--(BUSINESS WIRE)--HomeStreet Reports Year End and Fourth Quarter 2023 Results
Pegasus Digital Mobility Acquisition Corp. Announces Revaluation of its Business Combination with Gebr. Schmid Group and the Entering Into Related Agreements
GREENWICH, Conn.--(BUSINESS WIRE)--Pegasus Digital Mobility Acquisition Corp. (NYSE: PGSS.U) (the "Company"), a special purpose acquisition company founded by StratCap Investment Management, LLC, formerly Strategic Capital Fund Management, LLC ("StratCap"), today announced that it has together with Pegasus Topco B.V., a Dutch private limited liability company and wholly-owned subsidiary of Pegasus ("TopCo") entered into an amendment to the business combination agreement with Gebr. Schmid Group
KLDiscovery’s eDiscovery Franchise Program Is Now Available in All 50 US States
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)-- #KLD--KLDiscovery Inc. (“KLDiscovery” or the “Company”) announced today that the KLDiscovery® eDiscovery Franchise Program is now available in all 50 US states. As a leading global provider of data management, information governance, eDiscovery, and data advisory services solutions, the KLDiscovery Franchise Program leverages the Company’s proven eDiscovery business model, global footprint, around-the-clock client support, and full technology stack to create a po
New Innovation-Themed Whitepaper to Debut at the February 1st Emerald Groundhog Day Investment Forum
LANCASTER, Pa.--(BUSINESS WIRE)--The new whitepaper on small-cap innovation-led investment opportunities @ the Emerald Groundhog Day Investment Forum, February 1st on-site and online.
National ACE, Sunstone Management Partner to Help AAPI Businesses Nationwide
WASHINGTON--(BUSINESS WIRE)--Sunstone Management and the National Asian/Pacific Islander American Chamber of Commerce and Entrepreneurship partner to help AANHPI entrepreneurs.
KBRA Assigns Rating to Blue Owl Credit Income Corp.'s $750 Million 6.65% Senior Unsecured Notes due 2031
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a rating of BBB to Blue Owl Credit Income Corp.'s (“OCIC” or “the company”) $750 million 6.65% senior unsecured notes due March 15, 2031. The rating Outlook is Stable. The proceeds will be used for general corporate purposes, including the repayment of debt. Key Credit Considerations The rating reflects the company’s ties to the sizeable $79.5 billion Blue Owl direct lending platform, the derived benefits from OCIC’s SEC exemptive relief to co-invest with
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Equity LifeStyle Properties, Inc. (ELS) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Equity LifeStyle Properties, Inc. (“ELS” or the “Company”) (NYSE: ELS) investors concerning the Company’s possible violations of the federal securities laws. If you suffered a loss on your ELS investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securitie