Banking News

BOSTON--(BUSINESS WIRE)--Verogy Holdings, LLC, a West Hartford, Connecticut-based distributed energy integrator committed to delivering innovative, best-in-class energy solutions, has completed a sale-leaseback financing with M&T Bank for a portfolio of seven commercial and industrial (C&I) solar projects totaling approximately 2.7 MW across multiple U.S. states. The portfolio serves a mix of corporate and municipal customers and reflects continued momentum in distributed generation as...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with negative implications and affirms the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of The Northern Neck Insurance Company (NNIC) (Irvington, VA). Concurrently, AM Best has assigned an FSR of A- (Excellent) and a Long-Term ICR of “a-” (Excellent) to Frederick Mutual Insurance Company (Fredrick) (Frederick, MD). The outlook assigned to these Cr...

NEW YORK--(BUSINESS WIRE)--Family offices are increasingly operating like institutions as key events such as liquidity events expose the limits of informal governance and concentrated decision making, according to a new Morgan Stanley Wealth Management report, From Vision to Structure: Architecting a Family Office. Family offices most often professionalize in response to disruption rather than through gradual planning. Liquidity events, generational wealth transfers and leadership turnover freq...

MIAMI--(BUSINESS WIRE)--TravelX, a pioneer in airline inventory and post-booking revenue management technology, today announced the appointment of Bryan Olaguer as APAC Director. Olaguer will play a key role in supporting TravelX’s continued expansion across key Asia Pacific markets, strengthening relationships with airlines in the region, and further reinforcing the company’s market position. “Bryan’s deep expertise in airline revenue management and his extensive experience in the Asia Pacific...

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Kerper and Bowron LLC today announced that its patent-pending Kerper Bowron Method, a groundbreaking innovation for service contract and extended warranty accounting, has been formally published in the journal Risks (MDPI), a peer-reviewed international actuarial journal, and was featured in Business Alabama, the state's leading business publication. The back-to-back recognitions mark a turning point for the Birmingham-based firm, which introduced the method p...

NEW YORK--(BUSINESS WIRE)--Seward & Kissel LLP today announced that Jeannette Rovira has joined the firm’s Washington, D.C. office as a partner and will co-chair the firm’s Banking, Payments, and Fintech practice with partner Casey Jennings. The Banking, Payments, and Fintech practice provides bank, broker-dealer, investment management, and financial service provider clients with a full suite of regulatory and transactional expertise. Rovira has expertise in a broad range of bank regulatory...

DALLAS--(BUSINESS WIRE)--Stablecore, the platform enabling community and regional banks to offer stablecoins, tokenized deposits and digital asset products, today announced its official endorsement from Tennessee Bankers Association, the trade association established to serve the needs of the state’s banks, thrift institutions, and trust companies. As an endorsed partner, Stablecore will serve as the preferred digital asset technology provider for the Association which has 175 member institutio...

NEW YORK--(BUSINESS WIRE)--Chase today announced accelerated efforts to better serve young adults ages 18–24 and customers new to banking, with products, experiences and support designed around how they manage money, build credit and plan for the future. “Young adults are telling us exactly what they want from their bank: make it easy, keep it safe and be there when it matters,” said Matt Gromada, head of emerging growth segments at Chase. “We’re doing a lot of listening—and we’re building alon...

MISSION VIEJO, Calif.--(BUSINESS WIRE)--Partners Bank of California (“Partners Bank”) (OTC: PBKX) announced today that its Board of Directors has unanimously promoted Michael Chambers from President and Chief Banking Officer to President and Chief Executive Officer, effective immediately. Mr. Chambers joined Partners Bank of California in 2007 as one of the Bank’s earliest employees, shortly after the Bank’s formation. He began his career with the Bank as a client advisor and advanced through p...

NEW YORK--(BUSINESS WIRE)--OpenVC launches new crossover benchmark, brings together the largest public and venture-backed private companies in a single, transparent index....