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AM Best Comments on Credit Ratings of The Doctors Company Insurance Group Members Following Announced Acquisition of ProAssurance Corporation
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” (Excellent) of the members of The Doctors Company Insurance Group (TDC Group) (Napa, CA) are unchanged following the March 19, 2025, announcement that TDC Group will acquire all outstanding shares of ProAssurance Corporation (PRA) (NYSE: PRA) (Birmingham, AL). The outlook of TDC Group’s Credit Ratings (ratings) is stable. The
Bakkt Reports Fourth Quarter and Full Year 2024 Results
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt,” “Company,” “we” or “us”) (NYSE: BKKT) announced its financial and operational results for the quarter and full year ended December 31, 2024. CEO Comments: "2024 was a pivotal year for Bakkt as we successfully executed on our strategic priorities, delivered strong year-end results, and capitalized on the favorable macro conditions for the crypto industry," said Andy Main, CEO of Bakkt. "We achieved significant growth in our core cr
Nuveen Preferred Securities Closed-End Funds Announce Proposed Merger
NEW YORK--(BUSINESS WIRE)--The Boards of Trustees of Nuveen Preferred Securities & Income Opportunities Fund (NYSE: JPI) and Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) have approved a proposal to merge the funds. The proposed merger, if approved by shareholders, would combine JPI into JPC. The merger is intended to create a larger fund with lower net operating expenses and increased trading volume on the exchange for common shares. The proposed merger of the funds is subje
Bakkt Announces Akshay Naheta as co-CEO of Bakkt and Strategic Partnership with Distributed Technologies Research
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) today announced that, effective March 21, 2025, it will bring on Akshay Naheta, a seasoned executive with a proven track record in the finance and technology industries, to serve as co-CEO of Bakkt, alongside Andy Main, current CEO. With over 20 years of experience, Akshay brings an intricate understanding of blockchain, financial markets, and payment systems to Bakkt. Previously, he held senior executive roles at SoftBank Grou
Intercontinental Exchange Sets Date for 2025 Virtual Annual Meeting of Stockholders
ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, will hold its 2025 Annual Meeting of Stockholders virtually on Friday, May 16, 2025 at 8:30 a.m. Eastern Time. Stockholders of record as of the close of business on Thursday, March 20, 2025 are entitled to participate in, vote and submit questions at the Annual Meeting. Stockholders will also be able to submit questions in advance of the meeting at proxyvote.com be
Colony Bankcorp, Inc. Announces Retirement of Director Edward P. Loomis, Jr.
FITZGERALD, Ga.--(BUSINESS WIRE)--Colony Bankcorp, Inc. (NYSE: CBAN) (“Colony” or the “Company”) today announced that Edward P. Loomis, Jr. will retire from the Board of Directors of both the Company and its wholly-owned banking subsidiary, Colony Bank, effective May 22, 2025. Loomis, an experienced executive officer, served as President and Chief Executive Officer of the Company and Colony Bank from May 2012 until his retirement in July 2018. During his tenure, he steered Colony out of the rec
The Doctors Company to Acquire ProAssurance Corporation for $25.00 per Share in Cash
NAPA, Calif. & BIRMINGHAM, Ala.--(BUSINESS WIRE)--The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, and ProAssurance Corporation (NYSE: PRA), an industry-leading specialty insurer with extensive expertise in medical liability, products liability for medical technology and life sciences, and workers’ compensation insurance, today announced that they have entered into a definitive agreement under which ProAssurance will be acquired by The Doctors Company. Unde
AM Best Assigns Credit Ratings to Cadence Indemnity Inc.
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) to Cadence Indemnity Inc. (Cadence) (Galveston, TX). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Cadence’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). Cadence’s balance she
First State Bank Uses FHLB Dallas Economic Development Program to Aid Rural Texas Hospitals
HASKELL, Texas--(BUSINESS WIRE)-- #affordablehousing--First State Bank of Abernathy, Texas, used Federal Home Loan Bank of Dallas (FHLB Dallas) Economic Development Program (EDP) advances (loans) to aid three struggling West Texas hospitals. First State Bank used the advances to provide the hospitals with affordable loans that helped with operational expenses to keep their doors open to serve rural communities that dot the West Texas landscape. Haskell Memorial Hospital in Haskell, Texas, received a $1.3 million ED
TWO Announces First Quarter 2025 Common and Preferred Stock Dividends
NEW YORK--(BUSINESS WIRE)---- $TWO #dividend--TWO Announces First Quarter 2025 Common and Preferred Stock Dividends
Genworth Financial Announces Election of Steven Van Wyk to Board of Directors
RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth announces election of Steven Van Wyk to Board of Directors.
Franklin Covey to Report Second Quarter Fiscal 2025 Results
SALT LAKE CITY--(BUSINESS WIRE)--Franklin Covey Co. (NYSE: FC), a leader in organizational performance improvement, announced today that the conference call to review the Company’s second quarter fiscal 2025 financial results will take place on Wednesday, April 2, 2025, at 5:00 p.m. ET (3:00 p.m. MT). The Company’s financial results are expected to be released after the close of the market on Wednesday, April 2, 2025. Interested persons may access a live webcast at https://edge.media-server.com
Nuveen Credit Strategies Income Fund Announces Terms of Rights Offering
NEW YORK--(BUSINESS WIRE)--Nuveen Credit Strategies Income Fund (NYSE: JQC) today announced that its Board of Trustees (the “Board”) has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund’s common shares (par value $.01 per share) (“Common Shares”) as of March 31, 2025 (the “Record Date”). Holders of Rights will be entitled to subscribe for additional Common Shares (the “Offer”) at a discount to the market price of the Common Shares. After considerin
GERN INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Geron Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statements concerning Geron business and prospects, resulting in its stock trading at inflated prices.
Resources Connection to Announce Fiscal 2025 Third Quarter Results on April 2, 2025
DALLAS--(BUSINESS WIRE)---- $RGP--Resources Connection, Inc. (Nasdaq: RGP) (the “Company,” “we,” “us” and “our”), a professional services firm, will announce results of operations for its third quarter of fiscal 2025 ended February 22, 2025, after the close of market on April 2, 2025. This release will be followed by a conference call at 5:00 p.m. ET, April 2, 2025. A live webcast of the call will be available on the “Investor Relations” Events section of the Company’s website. To access the call by pho
Martin Walker Attorneys Recognized by Lawdragon as Leading Plaintiff Consumer Lawyers
TYLER, Texas--(BUSINESS WIRE)--All three partners at Martin Walker PC have been recognized by Lawdragon for their work on behalf of those seeking justice in civil courts. Reid Martin, Jack Walker and Marisa Allen have been named to the 2025 Lawdragon 500 Leading Plaintiff Consumer Lawyers guide. Honorees are selected based on journalistic research and peer reviews. "Our mission has always been to stand up for those who need a voice in the courtroom,” Mr. Martin said. “Being recognized by Lawdra
KBRA Assigns A+ Rating, Stable Outlook, to Colorado Statewide Bridge and Tunnel Enterprise Senior Infrastructure Revenue Bonds, Series 2025A
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA has assigned a long-term rating of A+, with a Stable Outlook, to Colorado Statewide Bridge and Tunnel Enterprise Senior Infrastructure Revenue Bonds, Series 2025A. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives Continued population growth is expected in the State, which will likely track growth in motor vehicle registrations, and the related Bridge Surcharge fees. BTE covenants to not reduce
Avant Garde Trading Securities Forges Strategic Alliance with AI Innovator, WNSTN
CHICAGO--(BUSINESS WIRE)--Avant Garde Trading Securities (“Avant Garde”), a leading innovator in brokerage and financial services, today announced a strategic partnership with WNSTN, an advanced multi-AI-agent platform poised to transform the client experience. This collaboration underscores Avant Garde’s commitment to providing seamless, cutting-edge support for both retail and institutional clients trading stocks, options, and crypto. As part of this partnership, WNSTN will be fully integrate
Portland’s 38th Annual Cinco de Mayo Fiesta Returns May 2-5–Celebrate Culture, Music, and Support Local Latino Businesses
PORTLAND, Ore.--(BUSINESS WIRE)--For nearly four decades, Portland’s Cinco de Mayo Fiesta, presented by Toyota and benefiting the Portland Guadalajara Sister-City Association (PGSCA), has been a cornerstone celebration of Mexican culture, community, and tradition. This four-day festival brings together authentic food, live music, traditional dance, and artisan markets at Tom McCall Waterfront Park from May 2-5, 2025. This year, the event holds even deeper significance, highlighting the importan
AM Best Assigns Credit Ratings to Premier Land Title Insurance Company
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Premier Land Title Insurance Company (Premier) (Coppell, TX). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Premier’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. Premi