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Westamerica Bancorporation Reports Second Quarter 2017 Financial Results
SAN RAFAEL, Calif., July 20, 2017 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (Nasdaq:WABC), parent company of Westamerica Bank, generated net income for the second quarter 2017 of $15.8 million and diluted earnings per common share ("EPS") of $0.60, compared to first quarter 2017 net income of $15.0 million and EPS of $0.57 and second quarter 2016 net income of $14.5 million and EPS of $0.57. Second quarter 2017 results include a $1.9 million reversal of provision for loan losses which accounted for $0.04 of the quarter’s EPS. First quarter 2017 results reflect the Company’s prospective adoption of a new accounting standard related to share based compensation tax benefits; first quarter 2017 EPS measured $0.02 higher than would have been measured under accounting standards applied in 2016. The new accounting standard did not affect second quarter 2017 results by a meaningful amount.
Glance Pay Expands Locations and Increases Rate of Consumer Acquisition by 800% in Toronto
VANCOUVER, British Columbia, July 20, 2017 (GLOBE NEWSWIRE) -- Glance Technologies Inc. (CSE:GET.CN) (OTCQB:GLNNF) (CSE:GET.WT), (FKT:GJT) is pleased to announce that Glance Pay, its mobile payment solution for merchants, has continued its Toronto expansion with a highly respected Toronto based chain.
New York, NY, July 20, 2017 (GLOBE NEWSWIRE) --
OneBlood Chooses EventTracker to Secure Data Using Threat Monitoring and Forensic Investigation
COLUMBIA, Md., July 20, 2017 (GLOBE NEWSWIRE) -- EventTracker, a leader in security information and event management (SIEM), today announced that its SIEM platform has been implemented at OneBlood, Inc., a not-for-profit, innovative blood center serving the Southeastern U.S. The system will be used for monitoring, as well as forensic investigation of cyberthreats in order to protect the organization’s data.
CHICAGO, July 20, 2017 (GLOBE NEWSWIRE) -- TransUnion (NYSE:TRU) released an analysis today showing that most borrowers were able to absorb their increased monthly payment obligations after the Federal Reserve Board rate hike last December.
MORRISVILLE, Vt., July 19, 2017 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ:UNB) today announced results for the three and six months ended June 30, 2017. Consolidated net income for the three months ended June 30, 2017 was $2.2 million, or $0.50 per share, compared to $2.1 million, or $0.48 per share, for the same period in 2016, and $4.2 million, or $0.93 per share, for the six months ended June 30, 2017, compared to $3.9 million, or $0.87 per share, for the same period in 2016.
SAN MATEO, Calif., July 19, 2017 (GLOBE NEWSWIRE) -- Zuora, Inc., the leading provider of subscription commerce, billing and finance solutions, today announced that its customer DocuSign, Inc., reached more than 200 million users and continues to rapidly scale its product innovation and improve operational efficiency by running its business through the Zuora® subscription management platform.
FT. LAUDERDALE, Fla. and COLUMBIA, Md., July 19, 2017 (GLOBE NEWSWIRE) -- As point-of-sale (POS) malware continues to pummel retailers and brands, ransomware attacks are aggressively increasing in scope and frequency around the globe.
Sipree, Inc. Closes New Funding
SAN FRANCISCO, July 18, 2017 (GLOBE NEWSWIRE) -- Sipree, Inc., a financial technology company built for the enterprise, today announced new seed financing. The funding will be used to accelerate growth as Sipree prepares to more than double its team, leverage its next-generation enterprise platform, and scale its growing customer base in new industry segments.
Advent/Claymore Enhanced Growth & Income Fund Announces Final Results of Tender Offer
NEW YORK, July 17, 2017 (GLOBE NEWSWIRE) -- Advent/Claymore Enhanced Growth & Income Fund (NYSE:LCM) (the “Fund”) announced today the final results for its tender offer for up to 4,420,984 common shares (“Shares”) of the Fund (approximately 32.5% of the outstanding Shares) (the “Tender Offer”). The Tender Offer commenced on June 12, 2017 and expired on July 11, 2017.
Neology appoints Paul Davey as GM of ALPR Business
SAN DIEGO, July 17, 2017 (GLOBE NEWSWIRE) -- Paul Davey, an executive with more than 30 years of experience in engineering, design and management has been appointed as GM of the Neology Automated License Plate Reader (ALPR) and related technology business, and Managing Director of its UK operation. Mr. Davey is a senior management addition to enhance Neology's growth and presence in Europe as part of the completed acquisition of the 3M Tolling Business announced June 30th. Neology is a subsidiary of SMARTRAC, an investment managed by One Equity Partners (OEP), a middle-market private equity firm.
Patriot National Bancorp, Inc. Announces Quarterly Cash Dividend for Shareholders
STAMFORD, Conn., July 17, 2017 (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. (“Patriot” or the “Bancorp”) (NASDAQ:PNBK), the parent company of Patriot Bank, N.A. (the “Bank”), today announced its intention to begin making quarterly dividends for shareholders of the community bank’s stock, another sign of its continuing strong performance. With this announcement, Patriot has declared its first quarterly dividend of $.01 per share. The record date for this quarterly dividend will be July 24, 2017, with a dividend payment date of August 1, 2017. This is the first time since the financial crisis that the Bank has declared a dividend.
LPL Financial Announces Details and Fund Companies for Its Industry-First Mutual Fund Only Platform
CHARLOTTE, N.C., July 13, 2017 (GLOBE NEWSWIRE) -- Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), today announced details of its industry-first Mutual Fund Only (MFO) platform, which has been designed to improve the way advisors offer mutual funds in brokerage accounts with participating fund companies. The platform is scheduled to be made available to LPL advisors and institutions early in 2018.
As Growth Picks Up, Wealth Managers Target the Client Experience
NEW YORK, June 13, 2017 (GLOBE NEWSWIRE) -- Global private wealth gained momentum in 2016, but wealth managers face a host of challenges if they hope to fight off competitors, deepen client loyalty, and put both revenue and profit growth on a sustainable positive trajectory, according to a new report by The Boston Consulting Group (BCG). The report, Global Wealth 2017: Transforming the Client Experience, is being released today.
Dime Community Bancshares, Inc. Announces the Pricing of $115 Million Subordinated Debt Offering
BROOKLYN, N.Y., June 08, 2017 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the "Company") (NASDAQ:DCOM), the holding company for Dime Community Bank (the “Bank”), today announced that it has priced an underwritten public offering of $115 million aggregate principal amount of its fixed-to-floating rate subordinated notes (the “Notes”) due June 15, 2027. The Notes will initially bear a fixed interest rate of 4.50% per year. Commencing on June 15, 2022, the interest rate on the Notes will reset on a quarterly basis to the three-month LIBOR rate plus a spread of 266 basis points, payable quarterly in arrears. The offering is expected to close on June 13, 2017, subject to the satisfaction of customary closing conditions. The Company plans to use the net proceeds from the offering to redeem the $70.7 million of trust preferred securities currently paying a 7.00% annual coupon (expected in the third quarter) of Dime Community Capital Trust I and for general corporate purposes, including the payment of dividends and funding potential strategic growth opportunities, including, but not limited to, acquisitions.
Payment Data Systems Announces Amendment to Letter of Intent to Acquire Singular Payments, LLC
SAN ANTONIO, June 07, 2017 (GLOBE NEWSWIRE) -- Payment Data Systems, Inc. (NASDAQ:PYDS) (“Payment Data” or “Company”), an integrated electronic payment solutions provider, today announced that it has amended the terms of its non-binding Letter of Intent (“LOI”) to acquire Singular Payments, LLC (“Singular”) to extend its expiration until August 1, 2017. The amendment was agreed upon by both Payment Data and Singular, in order for Payment Data to finish its due diligence and for Singular to conclude its audit.
ACI Worldwide Spotlights Mobile Payments and Open API Trends at Premier European Payments Events
NAPLES, FLA, June 07, 2017 (GLOBE NEWSWIRE) -- ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, will participate in two forthcoming European events that are a focal point for the European payments and financial services industries.
Glacier Bancorp, Inc. Announces Acquisition of Columbine Capital Corp. in Buena Vista, Colorado
KALISPELL, Mont., June 06, 2017 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (“Glacier” or the “Company”) (NASDAQ:GBCI) today announced the signing of a definitive agreement to acquire Columbine Capital Corp. (“Columbine”), the bank holding company for Collegiate Peaks Bank, a community bank based in Buena Vista, Colorado. The acquisition marks Glacier’s 19th acquisition since 2000, its eighth transaction in the past five years, and its fourth transaction in the state of Colorado. Collegiate Peaks Bank provides banking services to businesses and individuals in the Mountain and Front Range communities of Colorado with five banking offices located in Aurora, Buena Vista, Denver and Salida. As of March 31, 2017, Collegiate Peaks Bank had total assets of $469 million, gross loans of $331 million and total deposits of $401 million. In the state of Colorado, the combination of Glacier’s existing Bank of the San Juans and Collegiate Peaks Bank would exceed $875 million in gross loans and $1.1 billion in total deposits as of March 31, 2017.
Ocwen Works with Hardest Hit Fund States to Help Borrowers Access Funds
WEST PALM BEACH, Fla., June 06, 2017 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN), a leading financial services holding company, today joined a group of select mortgage servicers, housing finance agencies, government-sponsored enterprises (GSEs), and government officials at the Eighth Annual Hardest Hit Fund Summit to discuss strategies to leverage Hardest Hit Fund (HHF) resources for the benefit of borrowers in states that are participating in the program. Hosted by the U.S. Department of the Treasury, the event offered participants a forum to share best practices, discuss program evolution and trends, develop operational solutions, and strengthen relationships among programmatic partners to benefit homeowners in many of the communities most impacted by the housing crisis.
Cabot Microelectronics Corporation Declares Quarterly Cash Dividend
Aurora, IL, June 05, 2017 (GLOBE NEWSWIRE) -- Cabot Microelectronics Corporation (Nasdaq: CCMP), the world’s leading supplier of chemical mechanical planarization (CMP) polishing slurries and second largest CMP pads supplier to the semiconductor industry, today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share ($0.80 per share on an annualized basis) on the company's common stock. The dividend will be payable on or about July 28, 2017 to shareholders of record at the close of business on June 23, 2017.
HPE Unveils the World’s Most Secure Industry Standard Servers
PALO ALTO, Calif. and LAS VEGAS, June 05, 2017 (GLOBE NEWSWIRE) -- Today, Hewlett Packard Enterprise (NYSE:HPE) revealed the world’s most secure industry standard servers1 with the introduction of its next-generation ProLiant portfolio. HPE is the first vendor to put silicon-based security into its industry standard servers, addressing firmware attacks, which are one of the biggest threats facing enterprises and governments today. Building on this new secure foundation, HPE also announced advancements in software- defined infrastructure that deliver new levels of agility and economic flexibility.
Lock Trust, Inc. Breaks the Barrier in Technology for Gaming
SALT LAKE CITY and LONDON, June 05, 2017 (GLOBE NEWSWIRE) -- Lock Trust breaks the barrier again with Mobile Cash Advance at the table. With our portable cash advance terminals. Casinos everywhere have the option to offer cash advance in a secure environment without the hassle of long lines, locating a machine on a gaming floor or handing patron cards off to a cage attendant. This secure technology environment keeps the customer card in their hands at their location.
Panini Partners With Matica Technologies to Sell Financial Instant Issuance Solution
TORINO, Italy and DAYTON, Ohio, June 02, 2017 (GLOBE NEWSWIRE) -- Today, Panini, a global payments technology leader, announced the start of an exciting partnership with Matica Technologies to bring Financial Instant Issuance (FII) to the North American market. Panini has begun selling the Cardmint FX retransfer printer with CardsOnTheSpot personalization software, creating a complete solution which enables FIs to create personalized credit, debit, or ATM cards in real-time at branch level, allowing customers to use an active card for making purchases immediately upon leaving the branch.
TORINO, Italy and SÃO PAULO, Brazil, June 01, 2017 (GLOBE NEWSWIRE) -- Panini, the global market leader in distributed check capture is participating in CIAB FEBRABAN in São Paulo, Brazil, for the tenth consecutive year. With the 2016 passing of the Brazilian check truncation law it is important for Panini to showcase their RDC portfolio of products at the largest event for the Latin American financial industry.
Nasdaq To Support VNG Corporation In Exploring a U.S. Listing
NEW YORK, June 01, 2017 (GLOBE NEWSWIRE) -- Nasdaq and VNG Corporation signed a memorandum of understanding to explore VNG’s initial public offering (IPO) opportunity on the Nasdaq Stock Market. VNG Corporation is Vietnam’s leader in value added services, developing and publishing online content, providing mobile platforms and payment systems. Under the agreement, Nasdaq will work closely with VNG to prepare for its listing on Nasdaq and support VNG’s access to the U.S. capital markets. Vietnamese Prime Minister Nguyen Xuan Phuc was also present at the signing ceremony as part of his first visit to the U.S.
InSync Healthcare Solutions Announces Major Software Update v9.0
TAMPA, Fla., June 01, 2017 (GLOBE NEWSWIRE) -- InSync Healthcare Solutions, a leading provider of cloud-based healthcare solutions, announced today a major update for the InSync software, version 9.0.
Flywire Acquires UK-based PACE Invoice
BOSTON and LONDON, June 01, 2017 (GLOBE NEWSWIRE) -- Flywire, a leading provider of international payment solutions, today announced that it has acquired PACE Invoice, a multi-currency invoicing platform provider based in London. With the acquisition, Flywire adds international invoicing to its cross-border payments and receivables services, enabling its business, education and healthcare clients to more easily link invoices to cross-border receivables, saving time and costs in invoice preparation and payment reconciliation.
BidPal® Expands Senior Leadership Team
INDIANAPOLIS, June 01, 2017 (GLOBE NEWSWIRE) -- BidPal, the leading mobile fundraising platform helping nonprofits raise more money, announced key additions to the company’s leadership team with the appointment of Mark McCorkle as Chief Technology Officer and Mark Ward as Chief Financial Officer. Click to Tweet.
Flywire Acquires UK-based PACE Invoice
BOSTON and LONDON, June 01, 2017 (GLOBE NEWSWIRE) -- Flywire, a leading provider of international payment solutions, today announced that it has acquired PACE Invoice, a multi-currency invoicing platform provider based in London. With the acquisition, Flywire adds international invoicing to its cross-border payments and receivables services, enabling its business, education and healthcare clients to more easily link invoices to cross-border receivables, saving time and costs in invoice preparation and payment reconciliation.
People’s Utah Bancorp and Town & Country Bank, Inc. of St. George, Utah Announce Merger
AMERICAN FORK, Utah, May 31, 2017 (GLOBE NEWSWIRE) -- People’s Utah Bancorp (the “Company” or “PUB”) (Nasdaq:PUB) and Town & Country Bank, Inc. (“Town & Country Bank”) today jointly announced the signing of a definitive agreement to merge Town & Country Bank, a community bank based in St. George Utah, into People’s Intermountain Bank, a wholly owned subsidiary of PUB. Town & Country Bank was established in 2008 with one branch in St. George, Utah and one loan production office in Sandy, Utah and has a strong focus on serving business customers. As of March 31, 2017, Town & Country Bank had total assets of $135.1 million, gross loans of $97.3 million and total deposits of $119.7 million.
LAFAYETTE, Calif., May 31, 2017 (GLOBE NEWSWIRE) -- Loyale Healthcare, a leader in providing customized, comprehensive financial tools and services for healthcare providers and their patients, has completed a wide array of third-party examinations attesting to its dedication to and compliance with strict data security and privacy standards. These examinations align with Loyale’s consumer-centric approach to technology development and support which has been in practice since 1990.
Mount Saint Mary’s University Los Angeles Streamlines Tuition Payment Experience with ACI Worldwide
NAPLES, FLA, May 31, 2017 (GLOBE NEWSWIRE) --ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, announced today that Mount Saint Mary’s University is powering its tuition payment system with ACI’s UP Bill Payment Solution.
U.S. Gas & Electric to be Acquired by Crius Energy Trust
PURCHASE, N.Y., May 30, 2017 (GLOBE NEWSWIRE) -- MVC Capital, Inc. (NYSE:MVC) (“MVC” or the “Fund”) announced today that its largest portfolio holding, U.S. Gas & Electric, Inc. (“USG&E”), a commercial and residential energy services company, has entered into a definitive agreement to be acquired by Crius Energy Trust (TSX:KWH.UN) (“Crius”) for $172.5 million in a combination of cash, second-lien notes and Crius trust units (the “Crius Transaction”).
Navient CEO delivers remarks at annual shareholder meeting
WILMINGTON, Del., May 25, 2017 (GLOBE NEWSWIRE) -- Jack Remondi, president and CEO of Navient, the nation’s leading loan management, servicing and asset recovery company, delivered remarks at the company’s 2017 Annual Meeting of Shareholders. Excerpts of his remarks are as follows:
BILLERICA, Mass., May 25, 2017 (GLOBE NEWSWIRE) -- OrboGraph, a premier developer and supplier of intelligent electronic/paper automation solutions in healthcare revenue cycle management (RCM), as well as recognition solutions, image validation and check fraud detection for the U.S. check processing market, has rebranded and expanded capabilities for its Healthcare Payments line of business with the announcement of OrboAccess℠.
ACI Worldwide to Attend Upcoming Investor Conferences
NAPLES, FLA, May 25, 2017 (GLOBE NEWSWIRE) --ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, announced today that company management will attend the following investor conferences:
SEI Board of Directors Declares Dividend
OAKS, Pa., May 24, 2017 (GLOBE NEWSWIRE) -- The Board of Directors of SEI Investments Company (NASDAQ:SEIC) today declared a regular semi-annual dividend of $0.28 (twenty-eight cents) per share. The cash dividend will be payable to shareholders of record on June 7, 2017, with a payment date of June 16, 2017.
Colony Bankcorp, Inc. Declares Second Quarter Dividend
FITZGERALD, Ga., May 24, 2017 (GLOBE NEWSWIRE) -- Colony Bankcorp, Inc. (Nasdaq:CBAN) announced today that its Board of Directors declared a quarterly cash dividend of $0.025 per share payable June 30, 2017 to shareholders of record on June 2, 2017. The board factored in earnings projected for the quarter along with Colony’s capital position in setting the dividend payment. Colony’s capital position remains strong with its total risk-based capital approximating 15.39 percent – well above the regulatory minimum requirement of 10 percent to be categorized as “well-capitalized.”
FFW Corporation Announces Quarterly Cash Dividend
WABASH, Ind., May 24, 2017 (GLOBE NEWSWIRE) -- FFW Corporation (OTC PINK:FFWC) (5/23/2017 Close: $35.50), parent corporation of Crossroads Bank, has approved a quarterly cash dividend of $0.19 per share of common stock. The dividend is payable June 30, 2017 to shareholders of record on June 16, 2017.
The majority (57%) of billing organizations are investing in relevant payments technology to keep up with consumer wants and expectations, according to new data, “2017 Global Payments Insight Survey: Bill Pay Services,” from ACI Worldwide (NASDAQ: ACIW) and Ovum. The study, which includes organizations from a diverse array of industries—such as higher education, insurance, consumer finance, government, healthcare services and utilities—revealed that the pace of payments investment continues to increase year-over-year.