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ImpactAssets Mobilizes Nearly $400M in 2024, Reaffirming the Firm’s Position Among the Most Active Impact Investors Globally

Lastest from Businesswire - Wed, 01/29/2025 - 06:37
NEW YORK--(BUSINESS WIRE)--ImpactAssets, the impact investing leader with a 15-year track record of mobilizing capital for good, concluded an impressive 2024 with 270 impact investments totaling $387.5 million — an investment sum that maintains the firm’s status as one of the most active impact investors worldwide. ImpactAssets’ work spanned critical areas of need, including climate and social equity, furthering the organization’s mission to address existential challenges facing the planet and

Monroe Capital Supports Aligned Exteriors Group’s Acquisition of Home Pro Roofing

Lastest from Businesswire - Wed, 01/29/2025 - 06:37
CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support Aligned Exteriors Group’s (“AEG”) acquisition of Home Pro Roofing, an existing portfolio company created by River Sea Network and Pearl Street Capital Partners. Based in Grand Rapids, MI, Home Pro Roofing is a professional roofing company providing replacement, installation, repair, inspection, and storm damage services f

Summit Bank Group Reports 2024 4th Quarter Earnings

Lastest from Businesswire - Wed, 01/29/2025 - 06:37
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group (OTC Pink: SBKO) Q4 2024 Net Income - $3.01 million or $0.39 per fully diluted share an increase of 78.7 percent over 4th quarter 2023. 2024 Fiscal Year Net Income - $11.3 million or $1.45 per fully diluted share, an increase of $2.39 million or $0.30 per share over the fiscal year 2023. Year over year Net Loan Growth - $127.7 million or 14.0 percent. Year over year Deposit Growth - $196.9 million or 21.5 percent. Cash and securities total $180.8

IMPACT Community Capital Names Michael Lohmeier as President

Lastest from Businesswire - Wed, 01/29/2025 - 06:37
SAN FRANCISCO--(BUSINESS WIRE)--IMPACT Community Capital (“IMPACT”), an affordable housing debt investment manager, is pleased to announce the promotion of Michael Lohmeier to President. Lohmeier will continue to lead the firm’s investment strategy as CIO, while taking on the day-to-day operational management of IMPACT and its subsidiaries. This promotion reflects Lohmeier’s vital role in IMPACT’s ongoing growth. Originally founded as a captive manager for some of the nation’s largest insurance

Experian Launches Virtual Service to Streamline Form I-9 Compliance

Lastest from Businesswire - Wed, 01/29/2025 - 06:37
COSTA MESA, Calif.--(BUSINESS WIRE)--Experian has announced the launch of a new virtual Section 2 service to aid in the completion of Form I-9.

GOVX Extends Its Mission on TV With Marketing Architects

Lastest from Businesswire - Wed, 01/29/2025 - 06:37
MINNEAPOLIS--(BUSINESS WIRE)--GOVX, a membership platform for U.S. service members, launched a national TV advertising campaign with TV agency Marketing Architects.

NewEdge Wealth Accelerates Southeast Growth With Two Ultra High Net Worth Managing Directors

Lastest from Businesswire - Wed, 01/29/2025 - 06:37
STAMFORD, Conn.--(BUSINESS WIRE)--NewEdge Wealth, LLC, a registered investment advisor specializing in servicing the needs of ultra high net worth families, family offices and institutional clients, announced today that experienced wealth managers William deButts and Jimmy Patrick have joined as Managing Directors. DeButts joins NewEdge’s Atlanta location while Patrick is the first advisor to join in North Carolina. Both served as Partners and Senior Wealth Advisors with Edge Capital Partners.

Central Pacific Financial Reports Fourth Quarter and Full Year 2024 Earnings

Lastest from Businesswire - Wed, 01/29/2025 - 06:37
HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF) (the "Company"), parent company of Central Pacific Bank (the "Bank" or "CPB"), today reported net income of $11.3 million, or fully diluted earnings per share ("EPS") of $0.42 for the fourth quarter of 2024, compared to net income of $13.3 million, or EPS of $0.49 in the previous quarter and net income of $14.9 million, or EPS of $0.55 in the year-ago quarter. For the 2024 year, net income and EPS was $53.4 million and $1.97

Berkshire Hathaway Specialty Insurance Names Francesco Longobardo as Head of Casualty in Italy

Lastest from Businesswire - Wed, 01/29/2025 - 06:37
BOSTON & MILAN--(BUSINESS WIRE)--BERKSHIRE HATHAWAY SPECIALTY INSURANCE NAMES FRANCESCO LONGOBARDO AS HEAD OF CASUALTY IN ITALY

AM Best to Highlight Market Trends Impacting European Insurers, Reinsurers at Annual Paris Briefing

Lastest from Businesswire - Wed, 01/29/2025 - 03:36
LONDON--(BUSINESS WIRE)-- #insurance--Members of AM Best’s insurance ratings and analytics team will deliver market analysis and share their perspectives on the global reinsurance market and leading issues relevant to primary insurers in France and across Europe at the annual market briefing taking place in Paris on Tuesday, 18 March 2025. The half-day morning programme will include up-to-date reviews on the global reinsurance segment, along with discussions on other leading topics such as stress testing, c

Securities Fraud Investigation Into Construction Partners, Inc. (ROAD) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

Lastest from Businesswire - Tue, 01/28/2025 - 21:36
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Construction Partners, Inc. (“Construction Partners” or the “Company”) (NASDAQ: ROAD) on behalf of investors concerning the Company’s possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON CONSTRUCTION PARTNERS, INC. (ROAD), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On January 23, 2025, Spruce Point R

Securities Fraud Investigation Into Triumph Financial, Inc. (TFIN) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

Lastest from Businesswire - Tue, 01/28/2025 - 18:36
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Triumph Financial, Inc. (“Triumph” or the “Company”) (NASDAQ: TFIN) on behalf of investors concerning the Company’s possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON TRIUMPH FINANCIAL, INC. (TFIN), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On January 22, 2025, after market hours, Triumph released

The Marygold Companies, Inc. Announces Closing of Previously Announced Underwritten Public Offering

Lastest from Businesswire - Tue, 01/28/2025 - 18:36
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--The Marygold Companies, Inc. (“TMC” or the “Company”), (NYSE American: MGLD), a diversified global holding company, today announced the closing of its previously announced underwritten public offering of 2,050,000 shares of its common stock at a public offering price of $1.10 per share. The gross proceeds from the offering to Marygold were approximately $2,255,000, before deducting underwriting discounts and commissions and other offering expenses. Maxim G

KBRA Assigns Preliminary Ratings to Oportun Funding Trust 2025-1

Lastest from Businesswire - Tue, 01/28/2025 - 18:36
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to four classes of notes issued by Oportun Funding Trust 2025-1 (“Oportun 2025-1”), a $159.144 million consumer loan ABS transaction. Oportun 2025-1 is an amortizing ABS securitization collateralized by a discrete pool of unsecured and secured consumer installment loans originated by Oportun Financial Corporation (“Oportun” or the “Company”). Oportun 2025-1 has initial credit enhancement levels ranging from 32.40% for the Class A notes

Mitek Systems Announces Mark Rossi as a Nominee to its Board of Directors

Lastest from Businesswire - Tue, 01/28/2025 - 18:36
SAN DIEGO--(BUSINESS WIRE)-- #BoardOfDirectors--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification, mobile capture, and fraud management, today announced the nomination of Mark Rossi to its board of directors. Mr. Rossi will also serve as a member of the board’s audit committee, pending shareholder approval at the company’s upcoming annual meeting. Mr. Rossi brings over four decades of strategic, financial, and operational expertise, having served on the boards of approximately 25

The First Bancshares, Inc. Reports Results for Fourth Quarter ended December 31, 2024

Lastest from Businesswire - Tue, 01/28/2025 - 18:36
HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (“FBMS” or “the Company”) (NYSE: FBMS), holding company for The First Bank (“the Bank”), (www.thefirstbank.com) reported today financial results for the quarter ended December 31, 2024. Highlights for the quarter: Net income available to common shareholders totaled $18.3 million for the quarter ended December 31, 2024, representing a decrease of 1.5% when compared to $18.6 million for the quarter ended September 30, 2024. The Compa

Chain Bridge Bancorp, Inc. Reports Fourth Quarter 2024 and Full Year 2024 Financial Results

Lastest from Businesswire - Tue, 01/28/2025 - 18:36
MCLEAN, Va.--(BUSINESS WIRE)--Chain Bridge Bancorp, Inc. (NYSE: CBNA) (the “Company”), the holding company for Chain Bridge Bank, N.A. (the “Bank”), today announced financial results for the fourth quarter of 2024 and the twelve months ended December 31, 2024. Peter G. Fitzgerald, Chairman of Chain Bridge Bancorp, Inc., commented: “The fourth quarter of 2024 included our initial public offering in October 2024, the first by a U.S. banking institution in over two years. This milestone reflects o

AM Best Affirms Credit Ratings of Members of Aegon Ltd.’s U.S. Subsidiaries

Lastest from Businesswire - Tue, 01/28/2025 - 18:36
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of the U.S. life/health (L/H) subsidiaries of Aegon Ltd. (Bermuda) [NYSE: AEG]. Aegon Ltd.’s U.S. L/H companies are Transamerica Life Insurance Company (Cedar Rapids, IA) and Transamerica Financial Life Insurance Company (Harrison, NY) and referred to collectively as Aegon USA Group (Aegon USA). The outlook of these Credit Ratings (ratin

United Rentals Tender Offer for H&E Equipment Services, Inc. Commences

Lastest from Businesswire - Tue, 01/28/2025 - 18:36
STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) (“United Rentals” or “URI”) today announced that its indirect wholly-owned subsidiary, UR Merger Sub VII Corporation, a Delaware corporation (“Merger Sub”), has commenced the previously announced cash tender offer to purchase all of the issued and outstanding shares of common stock, par value $0.01 per share (the “Shares”), of H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”) for a price of $92.00 per share, net to the

AM Best Revises Issuer Credit Rating Outlook to Positive for Members of Arbella Insurance Group

Lastest from Businesswire - Tue, 01/28/2025 - 18:36
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a” (Excellent) of Arbella Mutual Insurance Company and its three pooled insurance entities: Arbella Protection Insurance Company, Arbella Indemnity Insurance Company and Covenant Insurance Company (Farmington, CT). These companies are collectively known as Arbe

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