Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Biz2Credit Small Business Lending Index™ Finds March 2021 Non-PPP Loan Approval Rates Trend .
Biz2CreditApril 13, 2021 GMT
NEW YORK, April 13, 2021 (GLOBE NEWSWIRE) Small business loan approval percentages at big banks ($10 billion+ in assets) rose slightly to 13.5% in March from 13.3% in February 2021, according to the latest
Biz2Credit Small Business Lending Index
™ released today. In comparison, one year ago in March 2020, big banks approved 15.4% of the funding requests they received.
“Traditional big bank lending rose slightly in March, but small business loans are still much harder to obtain now than they were before the pandemic,” said Biz2Credit CEO Rohit Arora, one of the nation’s leading experts in small business finance. “Right now, banks have been focused on making Paycheck Protection Program (PPP) loans to small businesses. These loans are backed by the Tr
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Nations Lending Continues Building Leadership Team with Addition of New Divisional Sales Manager
April 13, 2021 GMT
INDEPENDENCE, Ohio, April 13, 2021 /PRNewswire/ Nations Lending, a leading national full-service mortgage lender, continued to scale its leadership team today with the hiring of Randy Koerner. Randy will play a direct role in building dynamic sales as well as supporting the company’s branch development and sales growth.
Randy comes to Nations after what has already been a successful career in consumer lending. Most recently, he spent nine years as the National Sales Manager for Scottsdale, Arizona-based Homeowners Financial Group. Prior to his role with Homeowners, he spent four years with MetLife Home Loans and over 10+ years with Wells Fargo Home Mortgage. Before settling into his finance career, Randy flew as a pilot for the United States Air Force, having received pil
Press release content from Business Wire. The AP news staff was not involved in its creation.
Ameriprise Financial to Acquire BMO’s EMEA Asset Management Business
April 12, 2021 GMT
MINNEAPOLIS, BOSTON & LONDON (BUSINESS WIRE) Apr 12, 2021
Ameriprise Financial, Inc. (NYSE: AMP) today announced that it has signed a definitive agreement with BMO Financial Group (BMO) to acquire its EMEA asset management business for £615 million, or approximately $845 million. The all-cash transaction adds $124 billion of AUM in Europe and is currently expected to close in the fourth quarter of 2021, subject to regulatory approvals in the relevant jurisdictions.
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The acquisition will further accelerate Ameriprise’s core strategy of growing its fee-based businesses and increase the overall contribution of Wealth Management and Asset Management within its diversified business. Together with BMO’s EMEA asset management business, Ameriprise will have more than $1.2 trillion of as
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
CIB Marine Bancshares, Inc. Announces First Quarter 2021 Results
CIBM BankApril 12, 2021 GMT
BROOKFIELD, Wis., April 12, 2021 (GLOBE NEWSWIRE) CIB Marine Bancshares, Inc. (the “Company” or “CIBM”) (OTCQB: CIBH), the holding company of CIBM Bank, announced its unaudited results of operations and financial condition for the first quarter of 2021.
Net income for the quarter ended March 31, 2021, was $2.1 million or $1.67 basic and $0.97 diluted earnings per share, compared to $0.8 million or $0.63 basic and $0.36 diluted earnings per share for the same period of 2020.
Financial highlights for the quarter include:
Press release content from Business Wire. The AP news staff was not involved in its creation.
Franklin Templeton Launches Corporate Social Responsibility Report
April 12, 2021 GMT
SAN MATEO, Calif. (BUSINESS WIRE) Apr 12, 2021
Franklin Templeton has launched its Corporate Social Responsibility (CSR) Report in recognition of the firm’s long-standing belief that being a responsible corporate citizen is vital to the long-term sustainability of its business, in addition to the well-being of the communities in which its employees live and work. Franklin Templeton has established specific goals for fiscal year 2021 focused on three areas: environmental, social and governance (ESG) investing; the environment; and diversity and inclusion (D&I).