Tag: bank

DNB Financial Corporation Receives All Required Approvals to Acquire East River Bank

DOWNINGTOWN, Pa., Sept. 14, 2016 (GLOBE NEWSWIRE) — DNB Financial Corporation (“DNB”) (NASDAQ:DNBF), the parent company of DNB First, National Association, today announced that it has obtained all required approvals necessary for DNB to consummate its acquisition of East River Bank, Philadelphia, Pennsylvania (“East River”). Approvals included DNB and East River shareholder approvals, and regulatory approval from the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Pennsylvania Department of Banking. When the combination of the two organizations is completed, DNB will have approximately $1.1 billion in assets, $764 million in

Nevada Gold & Casinos Reports First Quarter 2017 Financial Results

LAS VEGAS, Sept. 14, 2016 (GLOBE NEWSWIRE) — Nevada Gold & Casinos, Inc. (NYSE MKT:UWN) today announced financial results for the first quarter ended July 31, 2016. For the first quarter of fiscal 2017, the company reported net revenues of $18.3 million compared to $15.9 million in the first quarter of fiscal 2016. Operating expenses were $18.2 million compared to $15.2 million in the prior year period.  Operating income was $0.1 million compared to $0.8 million and net loss was $0.1 million, or $0.01 loss per share, compared to net income of $0.5 million, or $0.03 per share, in the

Educational Development Corporation Announces Record Net Revenue for the Month of August 2016

TULSA, Okla., Sept. 14, 2016 (GLOBE NEWSWIRE) — Educational Development Corporation (“EDC”) (NASDAQ:EDUC) (http://www.edcpub.com) today reported historic record net revenues for the month of August 2016 (unaudited). Randall White, CEO of Educational Development Corporation, announced that the Company achieved record net revenues of $10.0 million for the month of August compared to $5.0 million for August last year.  The Company was led by the direct sales division, Usborne Books & More (“UBAM”), with net revenues of $9.1 million compared to $3.9 million last August. UBAM continues to attract new sales associates, which now total just under 25,000, compared to 8,500

Nordea to Ring The Nasdaq Stock Market Closing Bell

ADVISORY, Sept. 14, 2016 (GLOBE NEWSWIRE) — What: Nordea, the largest financial services group in Northern Europe with a market capitalisation of approximately EUR 41.3 billion, total assets of EUR 6,469 billion, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Nils Lundsby, Director of Business Development, will ring the Closing Bell.  Where:Nasdaq MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio When:Thursday, September 15, 2016 – 3:45 p.m. to 4:00 p.m. ET         Nordea Contact:Nils.Lundsby+45 6122 0350Nils.lundsby@nordea.com Nasdaq MarketSite:Emily Pan(646) 441-5120emily.pan@nasdaq.com Feed Information:Fiber Line (Encompass Waterfront): 4463 Gal 3C/06C 95.05

Guggenheim Investments Expands its Increasingly Popular BulletShares® Defined-Maturity ETF Product Suite

NEW YORK, Sept. 14, 2016 (GLOBE NEWSWIRE) — Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today announced the launch of BulletShares 2026 Corporate Bond ETF (NYSE:BSCQ) and Guggenheim BulletShares 2024 High Yield Corporate Bond ETF (NYSE:BSJO) to help advisors and investors build bond laddering strategies consisting of investment-grade and high-yield ETFs with varying terms to maturity. Launched in 2010, the Guggenheim BulletShares lineup consists of 20 unique defined-maturity corporate bond and high yield corporate bond ETFs with more than $7 billion in assets under management. Unlike other fixed-income ETFs, BulletShares are designed to mature

New Report Ranks 15 Top Banks on Mobile Deposit Customer Experience

SAN DIEGO and LONDON, Sept. 14, 2016 (GLOBE NEWSWIRE) — Mitek (NASDAQ:MITK), (www.miteksystems.com), a global leader in mobile capture and identity verification software solutions, today announced the release of new research from the fintech and digital commerce research firm, Futurion examining the key factors influencing consumer adoption of mobile deposit. The 2016 Mobile Deposit Benchmark Report provides customer experience rankings for 15 top financial institutions (FIs) in the United States. The study reveals why some FIs are achieving higher adoption rates than others with one of the most popular mobile banking applications of all time. “Mobile deposit is one of

Blue Hills Bancorp Provides Update on Problem Loans and Announces Third Share Repurchase Program

NORWOOD, Mass., Sept. 13, 2016 (GLOBE NEWSWIRE) — Blue Hills Bancorp (Nasdaq:BHBK) today announced an update on problem loans to one commercial customer.  As previously disclosed in the Company’s Quarterly Report on Form 10-Q for the second quarter of 2016 as filed with the Securities and Exchange Commission, on August 4, 2016, loans with a balance of $4.1 million to one commercial customer were placed on nonaccrual status in the second quarter of 2016 and a specific reserve of $558,000 was established against the loans at that time. The Company had a full commercial relationship with this customer, including an

City National Opens Banking Office in Lower Manhattan

NEW YORK, Sept. 13, 2016 (GLOBE NEWSWIRE) — City National Bank, America’s Premier Private and Business BankSM, announced today that it has opened its third full-service banking office in Manhattan at Brookfield Place. The office is located on the 26th floor of 250 Vesey St., formerly known as Four World Financial Center, between the Hudson River and the rebuilt World Trade Center, in the heart of Lower Manhattan. The new office will provide City National’s premier private and business banking and wealth management capabilities to financial services employees, small and mid-sized businesses, nonprofit organizations, professionals, investors, and other individuals and

TD Bank and Podium Data Finalists in the Teradata 2016 EPIC Awards for Big Data Excellence

LOWELL, Mass., Sept. 13, 2016 (GLOBE NEWSWIRE) — Podium Data has been selected as a finalist in the prestigious Teradata EPIC Awards for Big Data Excellence for a joint project with Teradata: “TD Bank Agile Banking 3.0.”  The project involved helping TD Bank replace its existing manual process of delivering data to business users with enhanced model of fast, secure, on-demand access to enterprise data (Data-as-a-Service) by standing up a managed enterprise data lake using Podium’s data lake management platform.  Podium teamed up with Teradata’s Think Big specialty big data consulting group to deliver the data lake to TD Bank

First Tennessee Bank Transforms ATM Channel with Allpoint Network

HOUSTON, Sept. 13, 2016 (GLOBE NEWSWIRE) — First Tennessee Bank, the largest bank headquartered in Tennessee, has joined Allpoint Network, the world’s largest surcharge-free ATM network, with 43,000 ATMs in the United States. With $26.8 billion in total assets, First Tennessee is a subsidiary of First Horizon National Corp. (NYSE:FHN). Allpoint Network ATMs – conveniently placed in premier retailer locations nationwide – are within First Tennessee’s core branch footprint, as well as across the nation and in the Mid-Atlantic region where the bank has a growing presence. Making cash access quick and easy for First Tennessee customers, Allpoint adds more

Orchid Island Capital Announces September 2016 Monthly Dividend and August 31, 2016 RMBS Portfolio Characteristics

September 2016 Monthly Dividend of $0.14 Per Share RMBS Portfolio Characteristics as of August 31, 2016 VERO BEACH, Fla., Sept. 12, 2016 (GLOBE NEWSWIRE) — Orchid Island Capital, Inc. (the “Company”) (NYSE:ORC) announced today that the Board of Directors declared a monthly cash dividend for the month of September 2016. The dividend of $0.14 per share will be paid September 30, 2016, to holders of record on September 28, 2016, with an ex-dividend date of September 26, 2016.  The Company intends to make regular monthly cash distributions to its stockholders. In order to qualify as a real estate investment trust

Cachet Financial Solutions to Exhibit and Speak This Week at the 2016 PayThink Conference in New Orleans

MINNEAPOLIS, Sept. 12, 2016 (GLOBE NEWSWIRE) — Cachet Financial Solutions (OTCQB:CAFN), a leading mobile fintech provider of cloud-based remote deposit capture (RDC) and mobile money solutions, will exhibit and speak at the 2016 PayThink Conference at the Hyatt Regency in New Orleans, Louisiana, September 12-14, 2016. The annual PayThink conference, sponsored by SourceMedia, is focused on the important inter-connected markets of debit, prepaid, mobile, digital payments and ATM. Innovative leaders from across the industry come together to share best practices and identify profitable growth strategies. PayThink 2016 will share insights from leading card issuers as well as the innovative disruptors

County Bancorp, Inc. (Nasdaq: ICBK) to Ring The Nasdaq Stock Market Closing Bell

ADVISORY, Sept. 12, 2016 (GLOBE NEWSWIRE) — What:  County Bancorp, Inc. (Nasdaq:ICBK), the parent company for Investors Community Bank, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Bill Censky, Wayne Mueller, Mark Binversie and Tim Schneider, founders of the bank, will ring the Closing Bell.  Where: Nasdaq MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio When: Tuesday, September 13, 2016 – 3:45 p.m. to 4:00 p.m. ET          Investors Community Bank Contact: Laura Wiegert (920) 645-6112 lwiegert@investorscommunitybank.com Nasdaq MarketSite: Emily Pan (646) 441-5120 emily.pan@nasdaq.com Feed Information: Fiber Line (Encompass Waterfront): 4463 Gal 3C/06C 95.05 degrees

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Everi to Debut Seven New Slot Games Based on Popular Entertainment Brands at G2E® 2016

LAS VEGAS, Sept. 12, 2016 (GLOBE NEWSWIRE) — Highlighting a significant milestone in expanding its content portfolio to include new slot games that incorporate popular entertainment brands, Everi Holdings Inc. (NYSE:EVRI) (“Everi” or the “Company”), the casino gaming industry’s single source provider of gaming products and payments solutions, today announced that it will debut seven new games based on powerful licensed brands at the 16th annual Global Gaming Expo (G2E®). The new license-based games debuting at G2E 2016 are Penn & Teller™, Casablanca™, and Fruit Ninja™ along with four popular DreamWorks Classics™ brands – Underdog™, Richie Rich™, Casper the Friendly

Straits Financial Selects BitPay, WB21 to Bring Bitcoin Payments to Futures Trading

Chicago, IL, Sept. 12, 2016 (GLOBE NEWSWIRE) —                             CHICAGO, September 06, 2016 — Straits Financial LLC (“Straits”), announced today it will be the first U.S. based Futures Commission Merchant (“FCM”) to utilize the services of bitcoin payment processor BitPay Inc. (“BitPay”) and digital bank WB21 Ltd (“WB21”).  Straits’ initiatives with WB21 and Bitpay will allow its customers to convert bitcoin assets into one of several different currencies to fund their Straits investment and trading accounts.  Straits believes this is an important step in the further development of the use of digital assets in the derivative markets. The WB21 and

Podium Data Receives 2016 Computerworld Data+ Editors’ Choice Award

LOWELL, Mass., Sept. 12, 2016 (GLOBE NEWSWIRE) — Podium Data Inc. has been named as a 2016 Computerworld Data+ Editors’ Choice Awards honoree. The award recognizes innovative big data initiatives that have delivered significant business value. Podium was selected by the editors of Computerworld for its central role in delivering a production-ready, enterprise-grade data lake. The TD Bank Enterprise Data Provisioning Platform is helping the bank achieve its vision of next-generation agile banking by giving 80,000 business unit employees on-demand self-service access to data through a secure, enterprise-scale data marketplace. “Big data has the potential to help organizations dramatically expand

MVC Capital Announces Fiscal Third Quarter and Nine Month 2016 Results

PURCHASE, N.Y., Sept. 09, 2016 (GLOBE NEWSWIRE) — MVC Capital, Inc. (NYSE:MVC) (the Company), a publicly traded business development company (BDC) that makes private debt and equity investments, announced its financial results for the fiscal third quarter and nine-month period ended July 31, 2016. Recent Highlights Total operating income of $31.9 million for the nine month period ending July 31, 2016, compared to $17.7 million for the same period in 2015 Total operating income of $8.0 million for the third quarter of fiscal 2016, compared to $7.5 million for the same quarter in fiscal 2015 Received a $2.5 million dividend

First Financial Northwest, Inc. Announces the Adoption of a New Stock Repurchase Program

RENTON, Wash., Sept. 09, 2016 (GLOBE NEWSWIRE) — First Financial Northwest, Inc. (the “Company”) (NASDAQ:FFNW), the holding company for First Savings Bank Northwest (the “Bank”), announced that the Company’s Board of Directors authorized the repurchase of 1,500,000 shares of the Company’s common stock, or 12.5% of its outstanding shares.  The repurchase will be conducted by a pre-arranged stock trading plan for the purpose of repurchasing a limited number of shares of the Company’s common stock in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.   Rule 10b5-1 allows a company to adopt

Juniata Valley Banker Graduates from PBA Advanced School of Banking

Mifflintown, Pennsylvania, Sept. 09, 2016 (GLOBE NEWSWIRE) — Christine Searer, Assistant Vice President, Community Office Manager of the Water Street Office at JVB, has graduated from the PA Bankers Advanced School of Banking. Ms. Searer began her banking career in 1984 with the Lewistown Trust Company.  She worked as a Customer Service Officer at the Gardenview Office prior to being appointed to AVP, Community Office Manager at the Water Street Office in 2013.  The three-year Advanced School of Banking builds upon and expands the knowledge acquired at the PA Bankers School of Banking.  Professionals looking to continue their educational banking

Juniata Valley Banker Cast in PA Bankers Statewide Video

Mifflintown, Pennsylvania, Sept. 09, 2016 (GLOBE NEWSWIRE) —        William Campbell, VP Relationship Manager of The Juniata Valley Bank, Mifflintown, was recently chosen to star in a statewide video from the Pennsylvania Bankers Association (PA Bankers) aimed at recruiting and retaining young bankers in the banking industry.  “One of the biggest challenges we face with the next generation of bankers is how to better tell the story and share the benefits of working in the financial industry,” PA Bankers President & CEO Duncan Campbell said.  “We chose to address this challenge by hearing from young bankers themselves and