Posted on 7/30/20
ConnectOne Bancorp Reports Second Quarter 2020 Results
ENGLEWOOD CLIFFS, N.J., July 30, 2020 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB), parent company of ConnectOne Bank, today reported net income of $14.8 million . . .
Posted on 7/30/20
Here's What the Federal Reserve Just Said About the U.S. Economy
The Federal Reserve's policy-making Federal Open Market Committee (FOMC) just wrapped up its July meeting, and as expected, it left interest rates unchanged. The target range . . .
Posted on 7/29/20
Kennedy Funding Closes $750,000 Land Loan in Southwest Florida
Securing a land loan is difficult enough without a global pandemic curtailing lending activity. Despite these two major obstacles, Kennedy Funding continues to successfully close land . . .
Posted on 7/28/20
Spouting Rock Acquires Minority Ownership in Copper Rock Capital Partners
BRYN MAWR, Pa.--(BUSINESS WIRE)--Spouting Rock Asset Management, LLC, a multi-boutique manager platform providing investment solutions and services, today announced a joint backing with Copper Rock management . . .
Posted on 7/28/20
Soltage and Basalt Invest in 28 MW Solar Portfolio Across New Jersey, Illinois and South Carolina
Today, leading independent power producer, Soltage LLC and infrastructure equity investment fund, Basalt Infrastructure Partners announced an investment in a 28 megawatt (MW) solar portfolio. The . . .
Posted on 7/28/20
2020’s States with the Highest & Lowest Credit Card Debt – WalletHub Study
With Americans starting 2020 off over $1 trillion in credit-card debt and projected to have a net increase of $80 billion this year due in part . . .
Posted on 7/27/20
Republic First Bancorp Reports Second Quarter Financial Results; Named America’s #1 Bank for Service by Forbes Magazine
PHILADELPHIA, July 27, 2020 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced its financial results for the . . .
Posted on 7/23/20
Lakeland Bancorp Announces Second Quarter Results
OAK RIDGE, N.J., July 23, 2020 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI), the parent company of Lakeland Bank, reported net income of $11.9 million . . .
Posted on 7/23/20
Unity Bancorp Reports Quarterly Earnings of $5.2 Million
CLINTON, N.J., July 23, 2020 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $5.2 million, or $0.47 . . .
Posted on 7/22/20
Norwood Financial Corp Announces Second Quarter Earnings
HONESDALE, Pa., July 22, 2020 (GLOBE NEWSWIRE) -- Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, . . .
Posted on 7/21/20
Knoll Closes $164M Equity Investment
Knoll, Inc. (NYSE: KNL) today announced the closing of the previously announced purchase of $164.0 million in convertible preferred stock by an independently managed subsidiary of . . .
Posted on 7/21/20
FNCB Bancorp Announces 58% Increase in Second Quarter 2020 Net Income
DUNMORE, Pa., July 20, 2020 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ: FNCB; www.fncb.com), the parent company of Dunmore-based FNCB Bank, today reported net income of . . .
Posted on 7/21/20
Bryn Mawr Bank Reports Second Quarter Net Income of $15M
BRYN MAWR, Pa., July 20, 2020 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (NASDAQ: BMTC), parent of The Bryn Mawr Trust Company , today reported net . . .
Posted on 7/20/20
PNC Financial: Credit Costs Appear To Have Peaked
SummaryThe substantial reserve built for loan losses in the second quarter is likely to cover pandemic-driven impairments in the year ahead. Therefore, provision expense is likely . . .
Posted on 7/20/20
Why PNC May Use a Different M&A Playbook Than It Did During the Great Recession
In 2008, amid the Great Recession, PNC Financial Services Group (NYSE:PNC) acquired National City Corp. in a deal that valued National City at $7 billion less . . .
Posted on 7/16/20
Guardian Capital Partners Fund III Hits Its Hard Cap With Final Close at $282 Million
WAYNE, Pa.--(BUSINESS WIRE)--Guardian Capital Partners is pleased to announce the final close of Guardian Capital Partners Fund III, L.P. with $282 million in capital commitments. The fundraise . . .
Posted on 7/16/20
TD Bank Named One of the 2020 Best Places to Work in Disability Equality Index (DEI) for Fifth Consecutive Year
TD Bank, America's Most Convenient Bank, has been recognized with the top score of 100 percent for the fifth consecutive year on the 2020 Disability Equality . . .
Posted on 7/16/20
Sale of BlackRock Boosts PNC to Profitable Quarter
The sale of its stake in the global asset management firm BlackRock (NYSE:BLK) helped PNC Financial Services Group (NYSE:PNC) generate nearly $3.7 billion in profits ($8.40 . . .
Posted on 7/16/20
PNC Financial: A Case For Buying A Bank In The Middle Of A Recession
SummaryManagement has been vocal about their desire to use the $14 Billion BLK sale proceeds to fund M&A activity via another midsize bank.PNC stock has outperformed . . .
Posted on 7/15/20
Shift4 Payments Named the Official Credit Card Processing Company of the Las Vegas Raiders
LAS VEGAS & ALLENTOWN, Pa.--(BUSINESS WIRE)--Shift4 Payments (NYSE: FOUR), a leading provider of integrated payment processing solutions, is proud to announce today its designation as the . . .
Posted on 7/15/20
PNC Reports Second Quarter 2020 Net Income Of $3.7 Billion
The PNC Financial Services Group, Inc. (NYSE: PNC) today reported:"During this remarkable period in the midst of the pandemic and economic downturn, PNC has remained steadfast . . .
Posted on 7/15/20
States Where People Need Loans the Most – WalletHub Study
With the U.S. unemployment rate slowly improving but still at 11% due to COVID-19, WalletHub today released updated rankings for the States Where People Need Loans . . .
Posted on 7/15/20
Is PNC Financial Services a Buy?
Banks are hit-or-miss investments right now, due to the state of the economy. But one bank you might want to take a swing at is PNC . . .
Posted on 7/14/20
Vanguard And Infosys Announce Strategic Partnership
Vanguard today announced it will partner with Infosys (NYSE: INFY) as part of its ongoing strategy to enhance and evolve its full-service defined contribution (DC) business. . . .
Posted on 7/14/20
Keystone Insurers Group and Bain Capital Credit Form Keystone Agency Investors
NORTHUMBERLAND, Pa. & BOSTON--(BUSINESS WIRE)--Keystone Insurers Group, the third largest independent insurance agency network in the U.S., and Bain Capital Credit, LP, a leading global investment . . .
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