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SEATTLE--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation’s 100 largest public defined benefit plans. After two months of stability, the Milliman 100 PPFI funded ratio fell in March from 81.1% as of February 28 to 79.5% as of March 31. Trade and tariff uncertainty drove this result, as the plans experienced estimated aggregate monthly returns of -1.6%...

MCLEAN, Va, & RIVERWOODS, Ill.--(BUSINESS WIRE)--Capital One Financial Corporation (NYSE: COF) and Discover Financial Services (NYSE: DFS) today announced that the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency have approved Capital One’s proposed acquisition of Discover. This approval follows approval of the transaction by the Delaware State Bank Commissioner in December 2024, and by shareholders of more than 99 percent of each company’s shar...

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ), the preeminent global financial advisory and asset management firm, announced today that Patrick McHenry has joined as Senior Advisor, effective April 23, 2025. McHenry brings over 20 years of experience as an elected official and leading voice on U.S. economic and financial policy. His appointment underscores Lazard’s commitment to expanding its capacity to help clients navigate the increasingly complex intersection of business, politics, an...

OAKLAND, Calif.--(BUSINESS WIRE)--The Board of Directors of Summit Bancshares Inc., at a meeting held on April 16, 2025, in recognition of the bank’s 43rd year in business, declared special cash dividend of $0.43 per share in lieu of the normal quarterly dividend, payable on June 30, 2025, to holders of record as of the close of business on June 9, 2025. Summit Bancshares, Inc., (OTC Bulletin Board: SMAL) is the parent company of Summit Bank....

DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Foster's Truck & Trailer, Inc. to The Service Company. The acquisition closed March 10, 2025. Located in Columbus, Ohio, Foster's Truck & Trailer, Inc. is a reputable business specializing in maintenance and repair services for trucks and trailers. Based in Covington, Ohio, The Service Company is a trusted provider of comprehensi...

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Opportunities Fund, Inc. and RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. are each pleased to announce the declaration of preferred dividends for the second quarter of 2025, as detailed below. Ex Date Record Date Payable Date May 1, 2025 May 1, 2025 May 15, 2025 Fund Name Preferred Stock Series NYSE Distribution Per Share RiverNorth Opportunities Fund, Inc. 6.000% Series A Perpetual Preferred Stock RIVPRA $0.37500 RiverNorth/DoubleLin...

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2025 first quarter net income of $44.4 million, or $1.04 per diluted share, as compared to 2024 fourth quarter net income of $50.0 million, or $1.18 per diluted share. The decline was primarily driven by a higher loan loss provision. These financial results include pre-tax merger-related costs of $1.2 million and $1.9 million for the first quarter of 20...

HOUSTON--(BUSINESS WIRE)--VOC Energy Trust (NYSE: VOC) announced the Trust distribution of net profits for the quarterly payment period ended March 31, 2025. Unitholders of record on April 30, 2025 will receive a distribution amounting to $2,210,000 or $0.13 per unit, payable May 15, 2025. Volumes, average sales prices and net profits for the payment period were: Sales volumes:     Oil (Bbl)     109,667   Natural gas (Mcf)     58,971   Total (BOE)     119,496   Average sales prices:     Oil (pe...

NEW YORK--(BUSINESS WIRE)--Rockefeller Global Family Office, the wealth management division of Rockefeller Capital Management ("Rockefeller”), today announced the addition of Rathi Wealth Partners and Singh Wealth Partners, further expanding the firm’s existing presence in Chicago. The firm now has 10 teams headquartered in the greater Chicago area. Rathi Wealth Partners is led by Private Advisor and Managing Director Raj Rathi, and includes Private Advisor and Vice President Dean Turner, Senio...

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Lisa Detanna, Managing Director and Private Wealth Advisor of Global Wealth Solutions Group of Raymond James, located at 9595 Wilshire Blvd., Suite 801, Beverly Hills, CA 90212, has been honored in Forbes 2025 America’s List of America’s Top Wealth Advisors. SHOOK Research, in collaboration with Forbes, released the list on April 8th, recognizing wealth advisors who meet the established selection criteria. Forbes, in collaboration with SHOOK Research, eva...