Financial Institut (FISI) 26.24 $FISI
China Goldjoy Successfully Acquires Interest in Five Financial Institutions
JCN Newswire - Fri Jul 08, 3:12AM CDT
FISI: 26.24 (+0.79)
Fitch: Interest Rate Hike May Pressure Mexican NBFIs' Profits
BusinessWire - Thu Jul 07, 1:52PM CDT
Mexican Non-Bank Financial Institutions' (NBFIs) profitability will likely be pressured as a result of the increases in the target interest rate announced by Mexico's central bank, including the most recent increase of 50bp, says Fitch Ratings. As opposed to the effect on the banking system, whose profits benefit from interest rate hikes, NBFIs' net income will be challenged by recent upticks.
FISI: 26.24 (+0.79)
Canadian securities regulators publish consultation paper on margin and collateral requirements for non-centrally cleared derivatives
CNW Group - Thu Jul 07, 10:00AM CDT
The Canadian Securities Administrators (CSA) today published for comment CSA Consultation Paper 95-401 Margin and Collateral Requirements for Non-Centrally Cleared Derivatives. The Consultation Paper proposes a framework for the calculation and exchange of margin and collateral relating to non-centrally cleared derivatives.
FISI: 26.24 (+0.79)
Infinite Convergence and Dimension Data Bring the Power of Secure Mobile Messaging to Financial Institutions
Marketwire Canada - Wed Jun 29, 8:00PM CDT
Delivered Through Dimension Data's Managed Cloud Platform(TM), NetSfere Enables Secure Communication Amongst Employees in Three Banks in Singapore
FISI: 26.24 (+0.79)
Allied World North America Expands Public D&O Underwriting Team; Appoints Marc Berner
BusinessWire - Tue Jun 28, 3:00PM CDT
Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today the appointment of Marc Berner to the North American Public Directors & Officers (D&O) underwriting team, effective immediately. Mr. Berner will be based in New York in the role of Vice President, Public and Private Financial Institutions, D&O.
FISI: 26.24 (+0.79), AWH: 35.23 (+0.59)
Opus Bank Announces Pricing of Subordinated Debt Offering
BusinessWire - Thu Jun 23, 3:20PM CDT
Opus Bank ("Opus"
(NASDAQ: OPB) announced today the pricing of its previously announced public offering of $135,000,000 aggregate principal amount of its 5.5% fixed-to-floating rate subordinated notes due 2026 (the "Notes". The Notes will initially bear interest at 5.5% per annum, payable semi-annually in arrears, commencing on June 29, 2016, to, but excluding, July 1, 2021, and, thereafter, payable quarterly in arrears, at an annual floating rate equal to three-month LIBOR as determined for the applicable quarterly period, plus 4.285%. The Notes will mature on July 1, 2026. The Notes will be issued at a price of 100% of the principal amount thereof.
FISI: 26.24 (+0.79), OPB: 34.42 (+1.23)
Scott-Macon, Ltd. Names Kevin McMurchy Managing Director and Group Head of Financial Institutions Investment Banking
PRWeb - Mon Jun 20, 10:15AM CDT
Scott-Macon, Ltd. announced today that Kevin W. McMurchy has joined the firm as Managing Director and Group Head of Financial Institutions Investment Banking. In his new role, Mr. McMurchy will focus on investment banking transactions within the financial services and insurance industries.
FISI: 26.24 (+0.79)
Sinequa to Participate in the Chief Data Officer Forum, Financial Services 2016
Marketwire Canada - Mon Jun 20, 7:30AM CDT
Sinequa ES Provides Financial Institutions With Deep Insight Extracted From Diverse Silos of Customer Data, Improving Customer Experience and Driving Increased Sales
FISI: 26.24 (+0.79)
Diebold Completes Important Certification To Expand Multivendor Software Availability For U.S. Financial Institutions
PR Newswire - Tue Jun 14, 8:00AM CDT
Expanding its multivendor software availability for U.S. financial institutions, Diebold, Incorporated's (NYSE: DBD) VISTA(TM) multivendor software platform has recently been certified by payment processor, Vantiv, Inc. (NYSE: VNTV). This certification lays the foundation for Vantiv customers to take advantage of technological advances in self-service as software continues to drive the future of banking.
DBD: 25.45 (+0.45), FISI: 26.24 (+0.79), VNTV: 58.98 (+0.79)
UMD to Participate in Project to Bolster Assessment and Management of Cyber-Related Risks in Supply Chain Management
PR Newswire - Thu Jun 09, 8:03AM CDT
The Supply Chain Management Center at the University of Maryland's Robert H. Smith School of Business will collaborate with the National Cybersecurity Center of Excellence (NCCoE), part of the National Institute of Standards and Technology (NIST), on a first of its kind risk assessment project.
FISI: 26.24 (+0.79)
CONIX Announces Fraud Detective Suite, a Secure Cloud Risk Management Service for Financial Institutions
PRWeb - Thu Jun 09, 2:54AM CDT
CONIX Systems, Inc. (CONIX), a leading provider of payment solutions to the financial industry, announced today the availability of its Fraud Detective Suite as a secure, cloud-based service. The Fraud Detective Suite is a set of risk management solutions that protect financial institutions and their customers from the risks associated with all payment types. The solution includes components that work across payment channels and platforms to provide protection from fraudulent and duplicate payments, as well as to provide customer risk assessments.
FISI: 26.24 (+0.79)
Software AG Launches New Total Surveillance Solution for Financial Institutions
BusinessWire - Mon Jun 06, 8:00AM CDT
--Software AG to demonstrate Total Surveillance solution at IDX 2016
FISI: 26.24 (+0.79)
JLT Specialty USA Appoints Tom Delaney as Senior Vice President of Financial Institutions Practice
Marketwired - Mon Jun 06, 7:01AM CDT
CHICAGO , IL--(Marketwired - June 06, 2016) - JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), one of the world's leading specialty-focused providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, is pleased to announce the appointment of Tom Delaney as Senior Vice President.
FISI: 26.24 (+0.79)
Top Solo 401(k) Plan Provider - IRA Financial Group - Announces Strong Demand for Solo 401(k) Plan With Non-Deductible Contribution Option
PRWeb - Sun Jun 05, 7:01AM CDT
IRA Financial Group, the leading provider of checkbook control self-directed Solo 401(K) plan announces string demand for the Solo 401k plan with a non-deductible Contribution option. The advantage of using a Solo 401(k) plan, which includes a nondeductible contribution option, is that it allows one to reach the annual contribution limit much quicker. Under the Solo 401(k) plan Non-Deductible Contribution tax rules, after tax deferrals (not Roth but not pre-tax) can be made dollar-for-dollar up to $53,000 of $59,000, including other plan contributions (employee deferrals and profit sharing). For example, a self-employed 40 year old individual earned $100,000 in 2016, he or she would be able to make a maximum employee deferral contribution of $18,000 in pre-tax or Roth and make an after tax contribution dollar-for dollar equal to $35,000, the difference between $53,000 (the maximum annual 401(k) contribution for 2016) and $18,000, the maximum employee deferral contribution limit. Those contributions can be then be converted to Roth without tax. Unfortunately, not all Solo 401(k) plans allow for nondeductible contributions, but IRA Financial Group's 401(k) plan documents do.
FISI: 26.24 (+0.79)
Financial Institutions, Inc. Announces Preliminary Results of 2016 Annual Meeting of Shareholders
GlobeNewswire - Fri Jun 03, 12:00PM CDT
Financial Institutions Declares Victory in its Proxy Contest Against Clover Partners, L.P.
FISI: 26.24 (+0.79)
BNC Bancorp Announces Receipt of Merger Regulatory Approvals
PR Newswire - Fri Jun 03, 7:30AM CDT
BNC Bancorp (the "Company," (NASDAQ: BNCN), the holding company for Bank of North Carolina, today announced it has received all the necessary regulatory approvals from the Federal Reserve Board, the Federal Deposit Insurance Corporation ("FDIC", the North Carolina Officer of the Commissioner of Banks and the South Carolina State Board of Financial Institutions for the previously announced merger transaction between the Company and Southcoast Financial Corporation (NASDAQ: SOCB), the holding company for Southcoast Community Bank. The transaction has also been approved by the shareholders of Southcoast. The Company expects to close the transaction on June 17, 2016.
BNCN: 22.69 (+0.48), FISI: 26.24 (+0.79), SOCB: 14.02 (+0.16)
An Open Letter About the Proposed CFPB Payday Loan Rule From the Tennessee Cash Advance Association (TCAA)
PR Newswire - Wed Jun 01, 8:22PM CDT
The Tennessee Cash Advance Association (TCAA), formed in 1994, is a state-wide association dedicated solely to promoting responsible regulation of the payday loan industry. As of December 31, 2014, there were 1,323 payday locations licensed and regulated in Tennessee by our state's Department of Financial Institutions. These locations represent approximately 10,000 employees and 332 companies, 73 of which are sole proprietorships or smaller businesses.
FISI: 26.24 (+0.79)
Sun Life Financial Inc. redeems Series B Senior Unsecured 4.95% Fixed/Floating Debentures
CNW Group - Wed Jun 01, 3:40PM CDT
Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced that it has redeemed all of its outstanding $950 million principal amount of Series B Senior Unsecured 4.95% Fixed/Floating Debentures (the "Debentures".
SLF.TO: 41.05 (+0.28), FISI: 26.24 (+0.79), SLF: 31.53 (+0.16)
China Goldjoy Successfully Acquires Interest in Five Financial Institutions
JCN Newswire - Fri Jul 08, 3:12AM CDT
FISI: 26.24 (+0.79)
Fitch: Interest Rate Hike May Pressure Mexican NBFIs' Profits
BusinessWire - Thu Jul 07, 1:52PM CDT
Mexican Non-Bank Financial Institutions' (NBFIs) profitability will likely be pressured as a result of the increases in the target interest rate announced by Mexico's central bank, including the most recent increase of 50bp, says Fitch Ratings. As opposed to the effect on the banking system, whose profits benefit from interest rate hikes, NBFIs' net income will be challenged by recent upticks.
FISI: 26.24 (+0.79)
Canadian securities regulators publish consultation paper on margin and collateral requirements for non-centrally cleared derivatives
CNW Group - Thu Jul 07, 10:00AM CDT
The Canadian Securities Administrators (CSA) today published for comment CSA Consultation Paper 95-401 Margin and Collateral Requirements for Non-Centrally Cleared Derivatives. The Consultation Paper proposes a framework for the calculation and exchange of margin and collateral relating to non-centrally cleared derivatives.
FISI: 26.24 (+0.79)
Infinite Convergence and Dimension Data Bring the Power of Secure Mobile Messaging to Financial Institutions
Marketwire Canada - Wed Jun 29, 8:00PM CDT
Delivered Through Dimension Data's Managed Cloud Platform(TM), NetSfere Enables Secure Communication Amongst Employees in Three Banks in Singapore
FISI: 26.24 (+0.79)
Allied World North America Expands Public D&O Underwriting Team; Appoints Marc Berner
BusinessWire - Tue Jun 28, 3:00PM CDT
Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today the appointment of Marc Berner to the North American Public Directors & Officers (D&O) underwriting team, effective immediately. Mr. Berner will be based in New York in the role of Vice President, Public and Private Financial Institutions, D&O.
FISI: 26.24 (+0.79), AWH: 35.23 (+0.59)
Opus Bank Announces Pricing of Subordinated Debt Offering
BusinessWire - Thu Jun 23, 3:20PM CDT
Opus Bank ("Opus"
(NASDAQ: OPB) announced today the pricing of its previously announced public offering of $135,000,000 aggregate principal amount of its 5.5% fixed-to-floating rate subordinated notes due 2026 (the "Notes". The Notes will initially bear interest at 5.5% per annum, payable semi-annually in arrears, commencing on June 29, 2016, to, but excluding, July 1, 2021, and, thereafter, payable quarterly in arrears, at an annual floating rate equal to three-month LIBOR as determined for the applicable quarterly period, plus 4.285%. The Notes will mature on July 1, 2026. The Notes will be issued at a price of 100% of the principal amount thereof. FISI: 26.24 (+0.79), OPB: 34.42 (+1.23)
Scott-Macon, Ltd. Names Kevin McMurchy Managing Director and Group Head of Financial Institutions Investment Banking
PRWeb - Mon Jun 20, 10:15AM CDT
Scott-Macon, Ltd. announced today that Kevin W. McMurchy has joined the firm as Managing Director and Group Head of Financial Institutions Investment Banking. In his new role, Mr. McMurchy will focus on investment banking transactions within the financial services and insurance industries.
FISI: 26.24 (+0.79)
Sinequa to Participate in the Chief Data Officer Forum, Financial Services 2016
Marketwire Canada - Mon Jun 20, 7:30AM CDT
Sinequa ES Provides Financial Institutions With Deep Insight Extracted From Diverse Silos of Customer Data, Improving Customer Experience and Driving Increased Sales
FISI: 26.24 (+0.79)
Diebold Completes Important Certification To Expand Multivendor Software Availability For U.S. Financial Institutions
PR Newswire - Tue Jun 14, 8:00AM CDT
Expanding its multivendor software availability for U.S. financial institutions, Diebold, Incorporated's (NYSE: DBD) VISTA(TM) multivendor software platform has recently been certified by payment processor, Vantiv, Inc. (NYSE: VNTV). This certification lays the foundation for Vantiv customers to take advantage of technological advances in self-service as software continues to drive the future of banking.
DBD: 25.45 (+0.45), FISI: 26.24 (+0.79), VNTV: 58.98 (+0.79)
UMD to Participate in Project to Bolster Assessment and Management of Cyber-Related Risks in Supply Chain Management
PR Newswire - Thu Jun 09, 8:03AM CDT
The Supply Chain Management Center at the University of Maryland's Robert H. Smith School of Business will collaborate with the National Cybersecurity Center of Excellence (NCCoE), part of the National Institute of Standards and Technology (NIST), on a first of its kind risk assessment project.
FISI: 26.24 (+0.79)
CONIX Announces Fraud Detective Suite, a Secure Cloud Risk Management Service for Financial Institutions
PRWeb - Thu Jun 09, 2:54AM CDT
CONIX Systems, Inc. (CONIX), a leading provider of payment solutions to the financial industry, announced today the availability of its Fraud Detective Suite as a secure, cloud-based service. The Fraud Detective Suite is a set of risk management solutions that protect financial institutions and their customers from the risks associated with all payment types. The solution includes components that work across payment channels and platforms to provide protection from fraudulent and duplicate payments, as well as to provide customer risk assessments.
FISI: 26.24 (+0.79)
Software AG Launches New Total Surveillance Solution for Financial Institutions
BusinessWire - Mon Jun 06, 8:00AM CDT
--Software AG to demonstrate Total Surveillance solution at IDX 2016
FISI: 26.24 (+0.79)
JLT Specialty USA Appoints Tom Delaney as Senior Vice President of Financial Institutions Practice
Marketwired - Mon Jun 06, 7:01AM CDT
CHICAGO , IL--(Marketwired - June 06, 2016) - JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), one of the world's leading specialty-focused providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, is pleased to announce the appointment of Tom Delaney as Senior Vice President.
FISI: 26.24 (+0.79)
Top Solo 401(k) Plan Provider - IRA Financial Group - Announces Strong Demand for Solo 401(k) Plan With Non-Deductible Contribution Option
PRWeb - Sun Jun 05, 7:01AM CDT
IRA Financial Group, the leading provider of checkbook control self-directed Solo 401(K) plan announces string demand for the Solo 401k plan with a non-deductible Contribution option. The advantage of using a Solo 401(k) plan, which includes a nondeductible contribution option, is that it allows one to reach the annual contribution limit much quicker. Under the Solo 401(k) plan Non-Deductible Contribution tax rules, after tax deferrals (not Roth but not pre-tax) can be made dollar-for-dollar up to $53,000 of $59,000, including other plan contributions (employee deferrals and profit sharing). For example, a self-employed 40 year old individual earned $100,000 in 2016, he or she would be able to make a maximum employee deferral contribution of $18,000 in pre-tax or Roth and make an after tax contribution dollar-for dollar equal to $35,000, the difference between $53,000 (the maximum annual 401(k) contribution for 2016) and $18,000, the maximum employee deferral contribution limit. Those contributions can be then be converted to Roth without tax. Unfortunately, not all Solo 401(k) plans allow for nondeductible contributions, but IRA Financial Group's 401(k) plan documents do.
FISI: 26.24 (+0.79)
Financial Institutions, Inc. Announces Preliminary Results of 2016 Annual Meeting of Shareholders
GlobeNewswire - Fri Jun 03, 12:00PM CDT
Financial Institutions Declares Victory in its Proxy Contest Against Clover Partners, L.P.
FISI: 26.24 (+0.79)
BNC Bancorp Announces Receipt of Merger Regulatory Approvals
PR Newswire - Fri Jun 03, 7:30AM CDT
BNC Bancorp (the "Company,"
(NASDAQ: BNCN), the holding company for Bank of North Carolina, today announced it has received all the necessary regulatory approvals from the Federal Reserve Board, the Federal Deposit Insurance Corporation ("FDIC", the North Carolina Officer of the Commissioner of Banks and the South Carolina State Board of Financial Institutions for the previously announced merger transaction between the Company and Southcoast Financial Corporation (NASDAQ: SOCB), the holding company for Southcoast Community Bank. The transaction has also been approved by the shareholders of Southcoast. The Company expects to close the transaction on June 17, 2016. BNCN: 22.69 (+0.48), FISI: 26.24 (+0.79), SOCB: 14.02 (+0.16)
An Open Letter About the Proposed CFPB Payday Loan Rule From the Tennessee Cash Advance Association (TCAA)
PR Newswire - Wed Jun 01, 8:22PM CDT
The Tennessee Cash Advance Association (TCAA), formed in 1994, is a state-wide association dedicated solely to promoting responsible regulation of the payday loan industry. As of December 31, 2014, there were 1,323 payday locations licensed and regulated in Tennessee by our state's Department of Financial Institutions. These locations represent approximately 10,000 employees and 332 companies, 73 of which are sole proprietorships or smaller businesses.
FISI: 26.24 (+0.79)
Sun Life Financial Inc. redeems Series B Senior Unsecured 4.95% Fixed/Floating Debentures
CNW Group - Wed Jun 01, 3:40PM CDT
Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced that it has redeemed all of its outstanding $950 million principal amount of Series B Senior Unsecured 4.95% Fixed/Floating Debentures (the "Debentures"
. SLF.TO: 41.05 (+0.28), FISI: 26.24 (+0.79), SLF: 31.53 (+0.16)
