FS Bancorp, Inc. Announces Completion of $50.0 Million Subordinated Notes Offering
MOUNTLAKE TERRACE, WA / ACCESSWIRE / February 10, 2021 / FS Bancorp, Inc. (NASDAQ:FSBW) (the Company ), the holding company for 1st Security Bank of Washington (the Bank ), announced today the issuance of $50 million aggregate principal amount of fixed-to-floating rate subordinated notes (the Notes ) in a private placement transaction. The Company intends to use the net proceeds from the offering for general corporate purposes, including providing capital to support the organic growth of the Bank, potential share repurchase activities, and potential acquisition opportunities.
The Notes have an initial fixed rate of 3.75% per annum, mature on February 15, 2031, and become callable at the Company s option beginning on February 15, 2026 ( call date ), subject to certain exceptions. Starting on the call date, the interest rate will reset quarterly to an interest rate per annum equal to the current thr
Steward Partners Global Advisory Welcomes Webster Grosso Wealth Management
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WASHINGTON, Feb. 9, 2021 /PRNewswire/ Steward Partners Global Advisory, LLC, an employee-owned, full-service independent partnership associated with Raymond James Financial Services, Inc. (member FINRA/SIPC), welcomes Webster Grosso Wealth Management to its partnership roster. The new firm is led by Ron Webster and Ed Grosso CFP
®, a team of veteran advisors with approximately $163 million in assets under management (AUM). Based in Richmond, Virginia, both of firm s principals spent the bulk of their careers with Wells Fargo Advisors and its predecessor companies. As we watched the evolution of the financial services industry over the last few years, we realized that there were better options out there for serving our clients than the business model we had been operating under. But it wasn t until we spoke with Steward Partners that we felt w
IST Research and Two Six Labs Combine to Form High-Growth Government Technology Platform
February 01, 2021 12:15 ET | Source: Two Six Labs Two Six Labs Arlington, Virginia, UNITED STATES
ARLINGTON, VA, Feb. 01, 2021 (GLOBE NEWSWIRE) IST Research and Two Six Labs announced today they have both been acquired by an affiliate of global investment firm The Carlyle Group (NASDAQ: CG), and have combined to form Two Six Technologies, Inc., a high-growth, technology-focused provider to the Intelligence Community, Department of Defense, and other critical U.S. national security customers.
The combination of these two companies brings exciting new capabilities to Two Six Technologies’ customers. The combined enterprise offers a family of operationally deployed products (Pulse, IKE™, SIGMA™, 8Wire™, and others), a robust suite of sole source contract vehicles with more than $400M of combined contract ceiling, deep integration w
Global Petroleum Demand Drop in 2020 Marked Steepest on Record, EIA Says
Global demand for petroleum products plummeted in 2020, the U.S. Energy Information Administration (EIA) confirmed in a report Friday, noting the dramatic impacts of government lockdowns and travel restrictions imposed to slow the spread of the coronavirus.
EIA estimated 92.2 million b/d of petroleum and other liquid fuels were consumed globally in 2020, a 9% drop from the previous year and the largest decline in EIA data that dates to 1980.
The agency said its estimate accounted for economic contraction, job losses, vehicle fleet fuel efficiency, and oil prices that plunged into negative territory last spring amid the initial demand destruction caused by the pandemic. EIA said it also factored in third-party indexes that tracked mobility, flights, and government stay-at-home orders across the globe.
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NEW YORK, Jan. 28, 2021 /PRNewswire/ OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Crossroads Systems, Inc. (CRSS) (OTCQX: CRSS), a holding company focused on investing in businesses that promote economic vitality and community development, has qualified to trade on the OTCQX® Best Market. Crossroads Systems, Inc. upgraded to OTCQX from the OTCQB® Venture Market.
Crossroads Systems, Inc. begins trading today on OTCQX under the symbol CRSS. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.