Search Results for: secured overnight financing rate

Eagle Financial Services, Inc. Completes $30.0 Million Subordinated Notes Offering
Fintech News

Eagle Financial Services, Inc. Completes $30.0 Million Subordinated Notes Offering

Fintech News Desk
by Fintech News Desk0
Eagle Financial Services, Inc. (the “Company”), the holding company for Bank of Clarke County (the “Bank”), announced the completion of a private placement offering of 4.50% Fixed-to-Floating Rate Subordinated Notes due 2032 (the “Notes”), in the aggregate principal amount of $30.0 million, to certain qualified institutional buyers and accredited institutional investors.  The......
First Business Bank Completes $32.5 Million Capital Raise and Announces $5.0 Million Buyback Program
Banking Capital Markets News

First Business Bank Completes $32.5 Million Capital Raise and Announces $5.0 Million Buyback Program

Fintech News Desk
by Fintech News Desk0
First Business Financial Services, Inc. announced the successful private placement to institutional investors of $32.5 million in new capital consisting of $20.0 million of subordinated notes and $12.5 million of preferred stock (both more fully described below) and the redemption of $19.4 million of higher cost trust preferred securities and......
SEI Expands Security-Backed Lending Offering with Nationwide Smart Credit, Powered by Supernova Technology
Lending News

SEI Expands Security-Backed Lending Offering with Nationwide Smart Credit, Powered by Supernova Technology

Fintech News Desk
by Fintech News Desk0
Strategic Partnership Positions Advisors to Continue to Deliver Holistic Wealth Planning SEI announced a strategic partnership with Supernova Technology (Supernova), adding Nationwide Smart Credit to the nearly 50 technology integrations and strategic partnerships available to independent advisors through the SEI Wealth Platform. Latest Fintech Insights: Morningstar Launches Wealth Management Solutions Group To Connect Capabilities......
Needham Bank Commits $2 Million CRA Equity Investment to Reinventure Capital Fund I, LP
Banking News

Needham Bank Closes $25 Million Loan to Wind Energy Project

Fintech News Desk
by Fintech News Desk0
Wind Power Project will Produce 20 megawatts Needham Bank, which for more than a century has served as New England’s “Builder’s Bank,”  is pleased to announce it has closed a $25mm loan to an affiliate of SWEB Development USA (SWEB), Natick, MA for the development of a wind energy project in Maine. The loan is based......
KBC Bank Chooses Finastra for Libor Transition
Banking Business Fintech News

KBC Bank Chooses Finastra for Libor Transition

Fintech News Desk
by Fintech News Desk0
KBC Bank, a Belgium-based bank with operations across Europe, US and Asia Pacific, has chosen Finastra to help manage its transition through the upcoming interbank references rates changes. It has selected Fusion Loan IQ Alternate Reference Rates (ARR) module to manage new rates and to expand its lending business. The......
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