PNC

San Juan Basin Royalty Trust Confirms Resignation of PNC Bank as Trustee and Appointment of Argent Trust Company as Successor Trustee

Retrieved on: 
Thursday, February 15, 2024
Professional Services, Mining, Minerals, Oil, Gas, Natural Resources, Energy, Finance, Banking, Acquisition, PNC Financial Services, Trustee, SJT, BBVA, Trust, Royalty trust, PNC

San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT) announced today that the resignation of PNC Bank (“PNC”) as Trustee of the Trust and appointment of Argent Trust Company, a Tennessee chartered trust company (“Argent”) as successor Trustee is effective as of February 15, 2024.

Key Points: 
  • San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT) announced today that the resignation of PNC Bank (“PNC”) as Trustee of the Trust and appointment of Argent Trust Company, a Tennessee chartered trust company (“Argent”) as successor Trustee is effective as of February 15, 2024.
  • PNC has appreciated the opportunity to serve as Trustee of the San Juan Basin Royalty Trust over the past two years and will continue to collaborate with Argent in the transition as successor trustee.
  • The Trust will be administered by Argent’s Royalty Trust division, which currently administers seven other publicly traded royalty trusts, in addition to the Trust.
  • "Argent is excited to expand its Royalty Trust service offerings to the Trust," said Reid Harrell, CEO of Argent Trust Company.

PNC Bank Announces Nearly $1 Billion Investment In Coast-to-Coast Branch Network

Retrieved on: 
Wednesday, February 14, 2024
ATM, PNC Financial Services, PNC, Retirement, Bank

PITTSBURGH, Feb. 14, 2024 /PRNewswire/ -- PNC Bank announced today a significant investment in its branch network aimed at extending access to banking services and financial expertise for customers and communities across the country. The plan includes an approximate $1 billion investment to open more than 100 new locations and renovate more than 1,200 existing locations through 2028.

Key Points: 
  • The plan includes an approximate $1 billion investment to open more than 100 new locations and renovate more than 1,200 existing locations through 2028.
  • Through this investment, PNC will build and open new branches in key locations, including Austin, Dallas, Denver, Houston, Miami, and San Antonio, among others, improving the convenience and reach of its coast-to-coast branch network.
  • "Our branch network is the heartbeat of our Retail business, offering friendly and convenient service to the millions of customers who step through our doors every single month," said Alex Overstrom, head of PNC Retail Banking.
  • PNC Bank, N.A., is a member of The PNC Financial Services Group, Inc. (NYSE: PNC).

Nordic Capital acquires Zafin, a leading provider of SaaS Core Modernization and Transformation solutions

Retrieved on: 
Monday, February 12, 2024
Truist, Goldman Sachs, Investment, Growth, Wells Fargo, ANZ, EUR, Software as a service, U.S. Bancorp, CIBC, Nordic Capital, PNC, ING, HSBC, Partnership, Cryptocurrency

The investment is made in close partnership with Zafin's founders and management, who will reinvest in the company alongside Nordic Capital.

Key Points: 
  • The investment is made in close partnership with Zafin's founders and management, who will reinvest in the company alongside Nordic Capital.
  • Zafin is recognized as an industry leader for its innovative approach to bank core modernization.
  • Zafin's core SaaS platform extracts product and pricing from multiple core systems, enabling users to work collaboratively to design and manage relationship pricing, products, and packages, including personalized propositions.
  • We have been powering the modernization and transformation of banks and future-proofing their banking technology investments for years.

Nordic Capital acquires Zafin, a leading provider of SaaS Core Modernization and Transformation solutions

Retrieved on: 
Monday, February 12, 2024
Truist, Goldman Sachs, Investment, Growth, Wells Fargo, ANZ, EUR, Software as a service, U.S. Bancorp, CIBC, Nordic Capital, PNC, ING, HSBC, Partnership, Cryptocurrency

The investment is made in close partnership with Zafin's founders and management, who will reinvest in the company alongside Nordic Capital.

Key Points: 
  • The investment is made in close partnership with Zafin's founders and management, who will reinvest in the company alongside Nordic Capital.
  • Zafin is recognized as an industry leader for its innovative approach to bank core modernization.
  • Zafin's core SaaS platform extracts product and pricing from multiple core systems, enabling users to work collaboratively to design and manage relationship pricing, products, and packages, including personalized propositions.
  • We have been powering the modernization and transformation of banks and future-proofing their banking technology investments for years.

Greystone’s New LIHTC Platform Adds Sarah Laubinger and Todd Jones to Lead Growth

Retrieved on: 
Monday, February 12, 2024
Disability, Woman, PNC Financial Services, Commonwealth, Investment, CDFI, Marketing, LIHTC, Executive Committee, Veteran, AHTCC, Treasury, PNC, Housing, Zonda Home, Property management

NEW YORK, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that its Low Income Housing Tax Credit (LIHTC) Syndication Platform has added Sarah Laubinger as Chief Operating Officer and Todd Jones as Chief Investment Officer.

Key Points: 
  • NEW YORK, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that its Low Income Housing Tax Credit (LIHTC) Syndication Platform has added Sarah Laubinger as Chief Operating Officer and Todd Jones as Chief Investment Officer.
  • Both executives report to Greg Voyentzie, Chief Executive Officer of the LIHTC Syndication Platform known as Greystone Real Estate Capital.
  • “I’m thrilled to welcome Sarah and Todd to Greystone, where we will work together again to advance the production of affordable housing nationwide,” said Mr. Voyentzie.
  • This is truly the opportunity of a lifetime to build a team and platform within such an entrepreneurial and altruistic organization.”

Priori Receives “Legal Operations” Award at the 2024 Legalweek Leaders in Tech Law Awards

Retrieved on: 
Wednesday, February 7, 2024
Mastercard, Vonage, AI, Marsh McLennan, ALM, Investment, Marketplace, Meta, Fortune 500, RFP, PNC, Intel, Customer advisory council

NEW YORK, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Priori, the leading legal technology platform for outside counsel decision-making, was proud to be recognized in the 2024 Legalweek Leaders in Tech Law Awards for the second year running.

Key Points: 
  • NEW YORK, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Priori, the leading legal technology platform for outside counsel decision-making, was proud to be recognized in the 2024 Legalweek Leaders in Tech Law Awards for the second year running.
  • Priori received the “Legal Operations” award for its impact in the space last year, including opening its legal marketplace to legal operations professionals and expanding the types of providers users can engage through Priori.
  • “The role of the legal department is rapidly evolving and legal operations professionals are the cornerstone of that evolution,” commented Basha Rubin, CEO and Co-Founder of Priori.
  • The awards celebrate the achievements of law firms, legal departments, providers and ALSPs leading the legal profession into the future through technology and innovation.

Operation HOPE Continues Streak of Impressive Growth With Release of 2023 Impacts

Retrieved on: 
Monday, February 5, 2024
Other Consumer, Women, Other Philanthropy, Thought Leadership, Men, Asset Management, Human Resources, Finance, Banking, Fund Raising, Consumer, Foundation, Other Construction & Property, Professional Services, Philanthropy, Commercial Building & Real Estate, Construction & Property, Small Business, Partnership, Bank of America, Airbnb, Intuit, Pfizer, Growth, Black, City, HOPE, Project, Child, Fulton Financial Corporation, Workplace, Experian, Wildfire, KeyBank, Clayton Homes, CSA, UPS, Survivor, PNC, Bank, City Year, Student, Marshall University, Small business, Military personnel, Wells Fargo

Operation HOPE, a national nonprofit dedicated to helping low-and moderate-income Americans thrive in an ever-changing economy, announced its top-line results for 2023.

Key Points: 
  • Operation HOPE, a national nonprofit dedicated to helping low-and moderate-income Americans thrive in an ever-changing economy, announced its top-line results for 2023.
  • Operation HOPE continued its impressive streak of growth by expanding its national footprint of HOPE Inside locations, growing its portfolio of top-tier partner organizations, and serving a record number of clients.
  • Operation HOPE uses its HOPE Inside locations to deliver no-charge financial coaching to individuals in the community or at work.
  • Increased donations from private foundations, high net wealth donors, and individuals by 75%, closing 2023 at $2.21 million.

F&M Bank Announces Leadership Changes and Retirements of Rex Rice, EVP & Chief Lending Officer and Benét Rupp, EVP & Chief Administrative Officer

Retrieved on: 
Wednesday, January 24, 2024
Learning, EVP, Bank, Organization development, Agriculture, Rupp, Business administration, University, Treasury, Strategic planning, PNC, MBA, HR, Postgraduate education, Rex Rice, Defiance College, Marketing, Ohio State University, Farmer, Communication, University of Toledo, Management

ARCHBOLD, Ohio, Jan. 24, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today announced the retirements of Rex Rice, EVP & Chief Lending Officer and Benét Rupp, EVP & Chief Administrative Officer.

Key Points: 
  • ARCHBOLD, Ohio, Jan. 24, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today announced the retirements of Rex Rice, EVP & Chief Lending Officer and Benét Rupp, EVP & Chief Administrative Officer.
  • Rex began with the bank in 1981 and has served in a variety of leadership capacities.
  • As Chief Administrative Officer, Mr. Carsey will lead F&M’s deposit and loan operations, digital banking, and customer care functions.
  • Ms. Cover joined the Bank in 2009 and has held a variety of leadership positions within the bank’s marketing function.

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Thursday, January 18, 2024
Fifth Third Bank, Goldman Sachs, American Express, BNY Mellon, Financial system, Bank, JPMorgan Chase, State Street Corporation, Morgan Stanley, PNC, Regions Financial Corporation, SunTrust Banks, Bank of America, Citigroup, J. P. Morgan, Wells Fargo

TORONTO, Jan. 18, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05150 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, Jan. 18, 2024 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05150 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable February 9, 2024 to shareholders on record as at January 31, 2024.
  • US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.

Babcock & Wilcox Enterprises Announces New $150 Million Senior Secured Credit Facility; Reaffirmed Credit Rating of BB+

Retrieved on: 
Monday, January 22, 2024
Utilities, Environment, Oil, Gas, Coal, Alternative Energy, Energy, Nuclear, Senior, Credit, Egan-Jones Ratings Company, PNC Financial Services, B&W, Axos Bank, PNC, Axus, The Company, Growth, Security (finance)

Letters of credit issued under the previous facility with PNC are expected to transition to the Axos facility over the next several months.

Key Points: 
  • Letters of credit issued under the previous facility with PNC are expected to transition to the Axos facility over the next several months.
  • B&W also announced that the Company and its Senior Unsecured Notes (NYSE: “BWSN” and “BWNB”) have received a reaffirmed credit rating of “BB+” from the Egan-Jones Ratings Company.
  • The credit rating follows a comprehensive review and takes into consideration current market conditions.
  • “The reaffirmation of our credit rating and our new Senior Secured Credit facility reflect the stability of our business model and our continued commitment to our long-term growth capabilities.”