Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Photo Release WSFS Financial Corporation to Combine with Bryn Mawr Bank .
WSFS Financial CorporationMarch 10, 2021 GMT
WILMINGTON, Del. and BRYN MAWR, Pa., March 10, 2021 (GLOBE NEWSWIRE) WSFS Financial Corporation (NASDAQ: WSFS) and Bryn Mawr Bank Corporation (NASDAQ: BMTC), jointly announced today the signing of a definitive merger agreement whereby Bryn Mawr Bank Corporation (“Bryn Mawr”) will merge with WSFS Financial Corporation (“WSFS”), in a transaction valued at approximately $976.4 million. Simultaneously with the merger, The Bryn Mawr Trust Company (“BMT”), the wholly owned subsidiary of Bryn Mawr, will merge into WSFS Bank, a wholly owned subsidiary of WSFS. The combination of two of the high performing, locally-based financial services companies in the Greater Philadelphia and Delaware region solidifies WSFS’ position as the preeminent, locally-headquartered
Press release content from Business Wire. The AP news staff was not involved in its creation.
Lineage Logistics Raises $1.9 Billion in New Equity to Fund Investment in Global Network Capacity and Industry-Leading Technology
March 11, 2021 GMT
NOVI, Mich. (BUSINESS WIRE) Mar 11, 2021
Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised $1.9 billion in equity from new and existing strategic partners. Participating investors include BentallGreenOak, D1 Capital Partners, Oxford Properties, CenterSquare Investment Management, MS Tactical Value and Conversant Capital, OP Trust, Cohen & Steers, among others.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Clene Nanomedicine Announces Upcoming Presentations at the Maxim Group LLC Inaugural 2021 .
Clene Inc.March 10, 2021 GMT
SALT LAKE CITY, March 10, 2021 (GLOBE NEWSWIRE) Clene Inc. (NASDAQ: CLNN) (along with its subsidiaries, “Clene”) and its wholly owned subsidiary Clene Nanomedicine, Inc., a clinical-stage biopharmaceutical company focused on the treatment of neurodegenerative disease using nanocatalysis, today has featured its publicly filed business overview and corporate presentation on M-Vest.com and announced upcoming presentations at the Maxim Group LLC Inaugural 2021 Emerging Growth Virtual Conference hosted by M Vest LLC.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Envision Bank Enters Agreement to Outsource Mortgage Servicing to Dovenmuehle
Envision BankMarch 10, 2021 GMT
STOUGHTON, Mass., March 10, 2021 (GLOBE NEWSWIRE) Envision Bank announced today that it has signed a contract with Dovenmuehle Mortgage, Inc. (“Dovenmuehle”), one of the largest private label mortgage subservicing companies in the U.S., to support and manage its mortgage subservicing business, including customer service, payment processing, escrow administration, payoffs and discharges, investor reporting and compliance.
In 2020, the Bank experienced tremendous growth with a 75% increase in its loan subservicing portfolio at $1.8 billion. Combined with its own residential lending portfolio, Envision Bank currently services more than 9,000 residential loans and $2+ billion in volume.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
KBRA Affirms Ratings for WSFS Financial Corporation Following its Announcement to Combine with .
WSFS Financial CorporationMarch 11, 2021 GMT
WILMINGTON, Del., March 11, 2021 (GLOBE NEWSWIRE) Kroll Bond Rating Agency (KBRA) affirmed the ratings of WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS”) following the March 10, 2021 announcement to combine with Bryn Mawr Bank Corporation (NASDAQ: BMTC) (“Bryn Mawr”). Upon the close of the transaction, Bryn Mawr Trust, the wholly owned subsidiary of Bryn Mawr, will merge into WSFS Bank, a wholly owned subsidiary of WSFS. With a “Stable Outlook” for WSFS, KBRA said it considers the transaction to be “strategically sound given that it represents a scale play for both companies, particularly in light of the recent focus on technology investment and integration. The combined organization will have the largest deposit market share wit