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Community Bancorp. Reports Second Quarter 2024 Earnings And Announces Stock Repurchase Program
Banking & Financial ServicesEarnings

Community Bancorp. Reports Second Quarter 2024 Earnings And Announces Stock Repurchase Program

July 24, 2024 2:15 PM

Community Bancorp., (OTCQX:CMTV) Community National Bank reported earnings for the second quarter ended June 30, 2024, of $2.7 million or $0.49 per share, a decrease of $468,153 or 14.65% compared to $3.2 million or $0.58 per share for the second quarter of 2023. Year to date earnings for 2024 are $5.6 million or $0.99 per share, a decrease of $984,014 or 15.06% compared to $6.5 million or $1.19 per share a year ago, both reflecting more...

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Direxion to Change Name of QQQU and QQQD
Banking & Financial ServicesCompany Update

Direxion to Change Name of QQQU and QQQD

July 24, 2024 11:00 AM

Direxion, a leading provider of tradeable and thematic ETFs, announced the name change of QQQU and QQQD. Effective August 16, 2024, the new fund names will be the Direxion Daily Magnificent 7 Bull 2X Shares (NYSE Arca:QQQU) and the Direxion Daily Magnificent 7 Bear 1X Shares (NYSE Arca:QQQD). Coinciding with the name changes, QQQU and QQQD will seek to achieve 200%, or 100% of the inverse (opposite), respectively, of the daily performance of the...

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JD Bancshares, Inc. Declares Cash Dividend
Banking & Financial ServicesDividends

JD Bancshares, Inc. Declares Cash Dividend

July 24, 2024 10:00 AM

JENNINGS, LA / ACCESSWIRE / July 24, 2024 / JD Bancshares, Inc. (OTCQX:JDVB) Dan L. Donald, Jr., Chairman of the Board of Directors of JD Bancshares, Inc., announced that at its regularly scheduled meeting on July 23, 2024, the Board voted to pay a cash dividend in the amount of $0.29 per share on August 9, 2024 to the shareholders of record on August 2, 2024.The amount and payment of future dividends for the JD Bancshares, Inc. common stock is...

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Outset Global Adds to Trading Team in London as Demand for Outsourced Trading Continues
Banking & Financial ServicesCompany Update

Outset Global Adds to Trading Team in London as Demand for Outsourced Trading Continues

July 24, 2024 10:00 AM

Outset Global Welcomes William Bradley as Managing Director to their London Office.LONDON, UK / ACCESSWIRE / July 24, 2024 / Outset Global is thrilled to announce the addition of William Bradley to our team as Managing Director in our London office. William brings with him a wealth of experience from his distinguished career in the equity sales & trading space, where he has demonstrated exceptional skill and dedication.William joins Outset...

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EBSC Lending Has Arranged a $45 Million Construction Loan for the Development of a Luxury Apartment Community With Retail Space in Iselin, New Jersey
Banking & Financial ServicesFinancing

EBSC Lending Has Arranged a $45 Million Construction Loan for the Development of a Luxury Apartment Community With Retail Space in Iselin, New Jersey

July 23, 2024 7:05 PM

ISELIN, NJ / ACCESSWIRE / July 23, 2024 / EBSC Lending has arranged a $45 million construction loan for the development of a luxury apartment community with retail space in Iselin, New Jersey. The 24-month, non-recourse construction loan features a fixed rate and full-term, interest-only payments with two 12-month extension options. The development is minutes away from major thoroughfares, including the Garden State Parkway, New Jersey Turnpike...

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Coastal Carolina Bancshares, Inc. Reports Second Quarter Results
Banking & Financial ServicesEarnings

Coastal Carolina Bancshares, Inc. Reports Second Quarter Results

July 23, 2024 5:30 PM

Coastal Carolina Bancshares, Inc. (the "Company") (OTCQX:CCNB), parent of Coastal Carolina National Bank (the "Bank"), reported unaudited financial results for the second quarter of 2024. The Company reported net income for the three months ended June 30, 2024 of $1,956,948 or $0.31 per share, compared to $1,984,571 or $0.32 per share for the same period in the prior year and $1,650,696 or $0.26 per share for the prior quarter ended March 31,...

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Dividend.watch Underscores Impact of Interest Rate Cuts; Urges Investors to Shift From Savings Accounts to Value and Dividend Stocks
Banking & Financial ServicesProduct Announcements

Dividend.watch Underscores Impact of Interest Rate Cuts; Urges Investors to Shift From Savings Accounts to Value and Dividend Stocks

July 23, 2024 3:00 PM

Dividend.watch has stressed the impact of expected interest rate cuts on investment strategies, which underscored the need for investors to shift from traditional savings accounts to dividend and value stocks. According to Dividend.watch, as financial markets brace for possible cuts as early as September, with over a 90 percent probability, there is a need for conservative investors to rethink their strategies."The decrease in interest rates...

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Leading Fintech for Mission-Driven Financial Institutions Launches Competitive New Products in the Commercial and Non-Profit Solar Financing Market
Banking & Financial ServicesFinancing

Leading Fintech for Mission-Driven Financial Institutions Launches Competitive New Products in the Commercial and Non-Profit Solar Financing Market

July 23, 2024 1:00 PM

ORLANDO, FL / ACCESSWIRE / July 23, 2024 / OneEthos (www.oneethos.com), the leading Fintech Platform for mission-driven financial institutions, has just announced the launch of its Commercial and Non-Profit Solar Loan products, adding to their existing solar financing offerings. OneEthos Logo Immediately available to the OneEthos network of more than 2,000 energy consultants, the OneEthos platform offers highly competitive capabilities...

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VX Global Begins Broker-Dealer Filing Process
Banking & Financial ServicesRegulatory

VX Global Begins Broker-Dealer Filing Process

July 23, 2024 1:00 PM

LAS VEGAS, NV / ACCESSWIRE / July 23, 2024 / VX Global Inc. announced its engagement with a nationally recognized compliance consulting firm, Luxor Financial Group (www.luxorbd.com), signaling its intent to file to become a FINRA registered broker-dealer to engage in the Private Placement of securities. Currently, VX Global, Inc. is not a broker-dealer and acts only as a marketing agent and presentation materials preparation specialist.With a...

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Valsoft Corporation Expands its footprint in the Aviation Industry with the Acquisition of IDGateway
Banking & Financial ServicesMergers and Acquisitions

Valsoft Corporation Expands its footprint in the Aviation Industry with the Acquisition of IDGateway

July 23, 2024 12:40 PM

Valsoft Corporation Inc. ("Valsoft"), a Canadian company specialized in the acquisition and development of vertical market software businesses, is pleased to announce the acquisition of IDGateway Limited ("IDGateway"), the market leader in providing identity management and background checking solutions to airports and other high-security environments.IDGateway has been helping their clients and partners to automate access control processes,...

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Chesapeake Financial Shares Reports Second Quarter Earnings and Declares Dividend
Banking & Financial ServicesEarnings

Chesapeake Financial Shares Reports Second Quarter Earnings and Declares Dividend

July 23, 2024 12:00 PM

On behalf of Chesapeake Financial Shares, Inc. (OTCQX:CPKF)(parent company of both Chesapeake Bank and Chesapeake Wealth Management), Jeffrey M. Szyperski, Chairman of the Board and CEO, reported earnings for the second quarter of 2024 of $3,036,512, roughly level with the second quarter of 2023. The reported earnings per share were $0.646 fully diluted as compared to $0.648 for the second quarter of 2023. Total assets ended the quarter at...

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Intelvio Acquires PCMA, a Crisis Management Training Company
Banking & Financial ServicesMergers and Acquisitions

Intelvio Acquires PCMA, a Crisis Management Training Company

July 23, 2024 10:00 AM

NEW YORK, NY / ACCESSWIRE / July 23, 2024 / Intelvio, a healthcare education company backed by Eden Capital, announces the acquisition of Professional Crisis Management Association (PCMA). PCMA is a crisis management training and certification company based in Sunrise, Florida. The acquisition enhances Intelvio's existing behavioral health offerings and expands the Company's overall healthcare training platform.PCMA was founded in 1984 by Neal...

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Magnifi Financial Announces Fargo Location
Banking & Financial ServicesCompany Update

Magnifi Financial Announces Fargo Location

July 23, 2024 10:00 AM

Your World in FocusFARGO, ND / ACCESSWIRE / July 23, 2024 / Magnifi Financial Credit Union (Magnifi) is excited to announce a new location in Fargo, North Dakota, marking its 26th location in the Upper Midwest. This will be Magnifi's second location in the Fargo/Moorhead area, with the first location on Main Avenue in Moorhead. The new location will be on Charles Way in the Centennial Neighborhood of Fargo and will be the largest Credit Union to...

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Onramp Unveils Groundbreaking Partnership With Tetra Trust to Elevate Bitcoin Custody Solutions Globally
Banking & Financial ServicesPartnerships

Onramp Unveils Groundbreaking Partnership With Tetra Trust to Elevate Bitcoin Custody Solutions Globally

July 23, 2024 10:00 AM

Alliance Will Extend Onramp's Innovative Custody Solutions and Establish a New Benchmark for Global Bitcoin Asset ManagementDALLAS, TX / ACCESSWIRE / July 23, 2024 / In an industry-defining move, Onramp is proud to announce a strategic partnership with Tetra Trust, Canada's first and only Qualified Custodian for digital assets, to fortify its Multi-Institution Custody model. This alliance will extend Onramp's innovative custody solutions and...

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Xcyte Digital Corp. Announces Strategic Partnership with Pixel Canvas
Banking & Financial ServicesCompany Update

Xcyte Digital Corp. Announces Strategic Partnership with Pixel Canvas

July 23, 2024 9:55 AM

Xcyte Digital Corp. (TSXV:XCYT) ("Xcyte" or the "Company"), a trusted global events technology company, specializing in next-generation applications for physical, hybrid, virtual, immersive, and phone-based events that enhance participant engagement announces a strategic partnership with Pixel Canvas. Pixel Canvas is a provider of high-fidelity visuals on the web through cloud rendering, eliminating the need for app downloads and enabling...

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Fintech Firm Powder Closes $5 Million in Seed Funding
Banking & Financial ServicesCompany Update

Fintech Firm Powder Closes $5 Million in Seed Funding

July 23, 2024 9:30 AM

Powder, a fintech company that creates generative AI agents to automate time-consuming tasks, enabling wealth management firms to focus on serving clients and growing their businesses, announced today that it has closed on a $5 million seed round, which will allow the company to continue scaling its technology, taking advantage of the AI boom that is rapidly transforming industries.The funding originates from a syndicate of 40 Silicon Valley...

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North Bay Credit Union Joins Banking as a Service (BaaS) Association
Banking & Financial ServicesPartnerships

North Bay Credit Union Joins Banking as a Service (BaaS) Association

July 23, 2024 9:00 AM

North Bay Credit Union announced that it has joined the Banking-as-a-Service (BaaS) Association.SANTA ROSA, CA / ACCESSWIRE / July 23, 2024 / North Bay Credit Union announced today that it has joined the Banking-as-a-Service (BaaS) Association. The BaaS Association provides a unified voice for financial institutions engaged in the business of Banking-as-a-Service. The association, formed in 2022, promotes, supports, and advocates for BaaS...

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Infinant’s Growth Platform Providing Disruptively Smart Banking
Banking & Financial ServicesCompany Update

Infinant’s Growth Platform Providing Disruptively Smart Banking

July 23, 2024 9:00 AM

Infinant's growth has been propelled by the evolving banking market and the return of embedded banking into the hands of bankers.CHARLOTTE, NC / ACCESSWIRE / July 23, 2024 / Infinant has been focused on growth for banks and fostering strong partnership models between brands, fintech, and regulators. Recognized in the industry by fostering its growth in the first half of 2024, Infinant saw their bank clients double, and the strength of...

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BHG Financial Selected for the 2024 Fortune Best Workplaces for Millennials(TM) List
Banking & Financial ServicesCompany Update

BHG Financial Selected for the 2024 Fortune Best Workplaces for Millennials(TM) List

July 23, 2024 7:00 AM

DAVIE, FL / ACCESSWIRE / July 23, 2024 / BHG Financial (BHG), a national provider of innovative financial solutions for high-earning professionals, consumers, and financial institutions for over 23 years, announced that the company has been named on the 2024 Fortune Best Workplaces for Millennials™ List. This year marks the 5th consecutive year and the 6th time overall that BHG Financial has had the honor of making this list, surpassing...

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Dollars Markets Makes Landmark Entry into Uzbekistan
Banking & Financial ServicesCompany Update

Dollars Markets Makes Landmark Entry into Uzbekistan

July 23, 2024 6:00 AM

Dollars Markets, a global leader in financial trading, is set to revolutionize the trading landscape in Uzbekistan with its grand launch event titled "Dollars Markets Grand Launching: Trade with Peace of Mind." This significant expansion underscores Dollars Markets' commitment to providing cutting-edge trading solutions to emerging markets.Event Highlights:Cultural Celebration: The event will open with a traditional Uzbek dance performance,...

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