Aerie Makes Sharing Kindness Simple This Holiday Season, Just Dial 1.844.KIND.365

Aerie Makes Sharing Kindness Simple This Holiday Season, Just Dial 1.844.KIND.365

Leading Intimates Brand Launches #AerieREAL Kind Campaign to Share a Special Kind of Kind this Holiday Season…AerieREAL Kind

NEW YORK–(BUSINESS WIRE)–
American Eagle Outfitters, Inc. (NYSE:AEO) today announces Aerie’s latest initiative in support of its ongoing mission to empower its community — and sharing kindness is at the center of it all. In honor of World Kindness Day, the brand launches its #AerieREAL Kind Campaign inclusive of its first-ever #AerieREAL Kind Hotline, surprise #AerieREAL Acts of Kindness, a partnership with Feeding America®, and a new Holiday ‘20 collection that feels REAL good.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201113005100/en/

Aerie Holiday '20 Campaign (Photo: Business Wire)

Aerie Holiday ’20 Campaign (Photo: Business Wire)

“Aerie is a community built on helping all people love their real selves and we recognize that we have the ability to share even more kindness with our community during a season when we could all appreciate a little extra love,” said Jennifer Foyle, Chief Creative Officer, AEO Inc. & Global Brand President, Aerie. “The elements of the #AerieREAL Kind Campaign are meant to spark learning, sharing, action and giving back. It is our hope that by opening up the lens and dialogue on what it means to be kind, we will inspire our community to choose kindness today, and always.”

LEARN & SHARE

Aerie is kicking off its campaign with the debut of the #AerieREAL Kind Hotline, a place for its community to “visit” whenever, and wherever, to receive a message about a special kind of kind — the #AerieREAL Kind. Today, through December 25th, callers who dial 1.844.KIND.365 will be invited to choose their kindness journey with prompts leading them to customized voice messages, in both English and Spanish, by Aerie friends including Storm Reid, Melissa Wood Health, Katherine Schwarzenegger, and Jillian Mercado; #AerieREAL Role Models Aly Raisman, Iskra, Manuela Baron, Keiana Cave, Tiff McFierce, Dre Thomas; and more. The “Kindness Advocates” will encourage callers to share kindness through personal stories and tips ranging from how to be kind to yourself and to others, as well as how to share kindness online and with the world.

ACT

Spurring the hotline kindness into action, Aerie will also give its community the opportunity to pay it forward. As part of the campaign, customers will be invited to nominate a deserving person in their lives for an #AerieREAL Act of Kindness. The process is simple; by heading over to #AerieREAL Life, customers can submit their nominee for a random surprise and delight moment. The acts will be personalized to the nominee’s unique story ranging from support with paying a bill, to treating a friend to dinner, to having the chance to speak to one of the “Kindness Advocates” LIVE; a few will even be curated by the “Kindness Advocates” and #AerieREAL Role Models. Submissions will be valid today through November 20th with the acts of kindness taking place throughout the month of December.

GIVE BACK

As part of the campaign’s mission, Aerie has partnered with Feeding America® to help those who are facing hunger. In celebration of the campaign launch, the brand will donate five meals* for every purchase, up to 500,000 meals, this weekend (November 13th-November 15th). For every purchase made on the brand’s REAL Rewards credit card, Aerie will donate 20 meals, up to one million meals, through November 25th. On Giving Tuesday, Aerie will donate ten meals for every REAL Rewards transaction, up to 100,000 meals.

IT FEELS GOOD TO GIVE AERIE

Aerie’s new Holiday ‘20 collection was designed to remind its community that despite spending more time at home, home is the place where we feel the most REAL. New for the season, the brand introduces matching lounge sets, waffle henleys, sherpa outerwear, “Good Vibes” fleece tops and joggers, and eclectic sweaters, along with leggings, bike shorts, sports bras and more from its new sub-brand OFFLINE by Aerie. While sharing kindness doesn’t always include a gift, it does feel REAL good to give Aerie and the brand’s collection offers a new assortment of the perfect giftable accessories.

* $1 helps to provide at least ten meals secured by Feeding America® on behalf of local member food banks.

About Aerie

Aerie is a lifestyle brand offering intimates, apparel, activewear and swim collections. With the #AerieREAL™ movement, Aerie celebrates its community by advocating for body positivity and the empowerment of all women. Aerie believes in inspiring customers to love their real selves, inside and out. Retouching-free since 2014. Visit www.aerie.com to learn more. Let the Real You Shine®.

About American Eagle Outfitters, Inc.

American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global specialty retailer offering high-quality, on-trend clothing, accessories and personal care products at affordable prices under its American Eagle® and Aerie® brands. Our purpose is to show the world that there’s REAL power in the optimism of youth. The company operates stores in the United States, Canada, Mexico, and Hong Kong, and ships to 81 countries worldwide through its websites. American Eagle and Aerie merchandise also is available at more than 200 international locations operated by licensees in 25 countries. For more information, please visit www.aeo-inc.com.

Matthew Owens

SHADOW

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Fashion Retail Consumer Other Retail Department Stores Hispanic

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Aerie Holiday ’20 Campaign (Photo: Business Wire)
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Wolters Kluwer Lien Solutions Offers U.S. Lenders Risk Mitigation Strategies Amid COVID-19 Challenges to Foster Growth in ABA Banking Journal

Wolters Kluwer Lien Solutions Offers U.S. Lenders Risk Mitigation Strategies Amid COVID-19 Challenges to Foster Growth in ABA Banking Journal

HOUSTON–(BUSINESS WIRE)–
With COVID-19 cases continuing to surge in the United States and small business defaults rising sharply, U.S. commercial lenders can mitigate their risks through a range of loan portfolio risk management strategies to weather economic headwinds and promote long-term growth. That’s according to Wolters Kluwer Lien Solutions in a new thought leadership article published in the American Bankers Association’s (ABA) Banking Journal.

While economic stimulus programs have been enacted, funding from some of those efforts is beginning to dry out, leaving small businesses in a precarious situation. But in spite of significant volatility in today’s commercial lending space, there are ways for lenders to mitigate the risks, notes Raja Sengupta, Executive Vice President and General Manager, Lien Solutions, in this feature article, “Navigating a New Era in Commercial Lending.

“A thorough review of loan documents is necessary to determine to what extent borrowers may be, or are likely to become, in default of financial covenants or in breach of representations and warranties or other covenants, or are required to provide notice to their lenders of their current or anticipated circumstances,” writes Sengupta. “Further emphasis should be placed upon secured loans, to ensure that liens are perfected and that the collateral can be secured.”

Sengupta notes that for cash-strapped businesses facing a potentially prolonged period of reduced demand, bankruptcy “may be an attractive route to managing their debt burden. Lenders thus face a delicate balancing act between leniency and stringency for borrowers in distress.”

He writes that strong rigor around workouts can benefit both borrower and lender as a valuable way to mitigate a wave of defaults. But not all circumstances necessitate a workout, and the practice should be employed only when necessary, such as when the borrower’s prospects in the future look bright and they are receptive to negotiations.

“Lenders can build stronger relationships during volatile times by offering resources for borrowers to take advantage of, such as networking or federal loan assistance, Sengupta notes. “There are many ways to keep borrowers afloat until they recover. It’s well worth their time to explore all of the available options.”

First published in 1908, the ABA Banking Journal—the American Bankers Association’s flagship magazine—provides insights that help banking leaders succeed in the competitive financial services market. It is read by more than 20,000 bank leaders nationwide.

Lien Solutions, which is part of Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, provides award-winning solutions for lenders. Its flagship iLien offering gives lenders the ability to conduct public record searches, retrieve and view Uniform Commercial Code (UCC) and corporate records, create filings, and manage their entire lending portfolio. iLien Manageis a suite of award-winning, web-based solutions that enable lenders to manage and address risks in their entire UCC lien portfolio with analytics, visibility and automation. Its iLien Motor Vehicleoffering is an award-winning SaaS platform that transforms vehicle and equipment titling work, helping lenders maintain loan perfection, monitor and manage vehicle liens efficiently, and release titles effortlessly.

Wolters Kluwer’s GRC division provides an array of expert solutions to help U.S. financial institutions manage regulatory and risk obligations, including customized offerings to address COVID-19 challenges. Lien Solutions’ iLien for Main Street helps lenders optimize their due diligence and lien management efforts when securing loans for small and medium-sized businesses under the Main Street Lending Program. In addition, Wolters Kluwer Compliance Solutions’ Paycheck Protection Program Supported by TSoftPlus™ helps lenders’ customers access critical stimulus funding.

About Wolters Kluwer Governance, Risk & Compliance

Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.

Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2019 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.

Paul Lyon

Director of Global Corporate Communications, Banking & Regulatory Compliance

Governance, Risk & Compliance

Wolters Kluwer

Office +44 20 3197 6586

[email protected]

David Feider

Corporate Communications Manager, Banking & Regulatory Compliance

Governance, Risk & Compliance Division

Wolters Kluwer

Tel: +1 612-852-7966

[email protected]

On Twitter: @davidafeider

KEYWORDS: Europe United States Netherlands North America Texas

INDUSTRY KEYWORDS: Consulting Banking Accounting Technology Professional Services Small Business Other Technology Software Other Professional Services Legal Finance

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New Voya Financial Post-Election Study Finds Almost Eight in 10 Americans Feel “Kindness” Is Most Important Personal Value

New Voya Financial Post-Election Study Finds Almost Eight in 10 Americans Feel “Kindness” Is Most Important Personal Value

An array of mixed sentiment felt by Americans after the election gives way to clear consensus on the need to come together — now more than ever.

The vast majority of those polled (93%) believe spreading “kindness” needs to be a fundamental tenet for companies, especially those in the financial services sector.

NEW YORK–(BUSINESS WIRE)–
Voya Financial, Inc. (NYSE: VOYA) announced today, on World Kindness Day, results of a new, post-election study* that found the majority of Americans feel kindness is the most important personal value an individual should exhibit — with almost eight in 10 of those polled (78%) ranking kindness as the highest in a list of personal values.

Rounding out the top five values ranked by those polled are:

  • Fairness (71%)
  • Justice (67%)
  • Ethics (63%)
  • Diversity (47%)

The Voya study also found that, in addition to being kind, 96% of those polled would like to see more kindness in the future. And nearly all Americans (97%) agree acts of kindness can help make the world a better place.

“I could not think of a better message to share on World Kindness Day than to join the vast majority of Americans in emphasizing just how important it is to be kind to one another,” said Rodney O. Martin, Jr., chairman and CEO, Voya Financial. “Being kind every day is not just the right thing to do for each other — being kind fosters a shared, community spirit of respect and inclusion that can lift up society.”

Mixed feelings now — but unity moving forward

Voya’s research shows Americans have varied feelings in the wake of the 2020 election. Specifically, those polled say they are:

  • Optimistic (48%)
  • Uncertain (36%)
  • Worried (28%)
  • Disappointed (23%)
  • Energized (22%)

Overwhelmingly, though, Voya found that — regardless of how people may be feeling right now — Americans feel the need to come together. More than nine in 10 (94%) of those polled expressed this sentiment.

A world of kindness … in the workplace and beyond

Among the study’s key findings is how important people feel about “kindness” as a core operating principle for companies. Specifically, 93% of those polled said they want to work for a company that supports spreading kindness. That same level of importance is stressed in financial services, as 93% of respondents felt companies in the industry should take a stand on treating all Americans with respect and kindness.

In addition, 80% of those polled said corporate philanthropy is one way that a company can demonstrate its commitment to acts of kindness. Further, nine in 10 Americans (90%) said it is important for companies to encourage employee kindness through charitable gift matching, paid volunteering opportunities and other programs.

“Voya and its employees share a commitment to the communities in which we live and work — and to enhancing the lives of people around the world,” said Martin, referring to ways in which the company is promoting a brighter, kinder future. Those efforts include the Voya Cares® program; Voya’s kindness campaign, in collaboration with 9-year-old Lily Allison and singer-songwriter Mandy Harvey; the impact of Voya’s employee volunteerism and charitable giving; and employee donation gift matching from Voya Foundation.

Voya encourages its employees to contribute to their communities. The company provides full-time employees with 40 hours of paid volunteer time each year and Voya Foundation — the company’s charitable giving arm — matches employee charitable giving up to $5,000 per employee for eligible nonprofits.

For additional information on Voya’s corporate responsibility efforts, please read the company’s 2019-2020 Impact Report.

*Based on the results of a Voya Financial survey conducted through AYTM – Ask Your Target Market online research platform between Nov. 9-10, 2020 among n=1,000 Americans age 18+, balanced by age, gender, and region to reflect the U.S. population.

About Voya Financial®

Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 13.8 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $7.5 billion in revenue in 2019. The company had $657 billion in total assets under management and administration as of Sept. 30, 2020. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya’s vision is to be America’s Retirement Company®. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has been recognized as a 2020 World’s Most Admired Company by Fortune magazine; one of the 2020 World’s Most Ethical Companies® by the Ethisphere Institute; as a member of the Bloomberg Gender Equality Index; and as a “Best Place to Work for Disability Inclusion” on the Disability Equality Index by Disability:IN. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.

About Voya Cares®

An extension of Voya’s vision and mission to help all Americans have the quality of life they seek in retirement, the Voya Cares program is committed to being a leader in making a positive difference in the lives of individuals with special needs and disabilities — as well as their families, caregivers and other providers — by offering a depth of resources focused on education, planning and solutions. Go to voyacares.com to learn more.

VOYA-IR VOYA-CR

Jessica Speziale

Voya Financial

Phone: (646) 284-3063

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

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Xenon Pharmaceuticals to Participate in Upcoming Investor Conferences

BURNABY, British Columbia, Nov. 13, 2020 (GLOBE NEWSWIRE) — Xenon Pharmaceuticals Inc. (Nasdaq:XENE), a clinical stage biopharmaceutical company, today announced that Dr. Simon Pimstone, Xenon’s Chief Executive Officer, will participate in the following virtual investor conferences:

  • Guggenheim Healthcare 2nd Annual Neuro/Immunology Day on Monday, November 16, 2020
  • Stifel 2020 Virtual Healthcare Conference on Tuesday, November 17, 2020 at 4:40 pm ET
  • Jefferies Virtual London Healthcare Conference on Thursday, November 19, 2020 at 9:40 am ET (2:40 pm GMT)

The above listed dates and times are subject to change. Details on company presentations and webcasts can be found on the “Investors” section of Xenon’s website at www.xenon-pharma.com. When available, webcasts will be posted for replay following the event for 30 days.


About Xenon Pharmaceuticals Inc.

We are a clinical stage biopharmaceutical company committed to developing innovative therapeutics to improve the lives of patients with neurological disorders. We are advancing a novel product pipeline of neurology therapies to address areas of high unmet medical need, with a focus on epilepsy. For more information, please visit www.xenon-pharma.com.

“Xenon” and the Xenon logo are registered trademarks or trademarks of Xenon Pharmaceuticals Inc. in various jurisdictions. All other trademarks belong to their respective owner.

Investor/Media Contact:
Jodi Regts
Xenon Pharmaceuticals Inc.
Phone: 604.484.3353
Email: [email protected]



Bank of Commerce Holdings Announces Santa Rosa, CA Loan Production Office

SACRAMENTO, Calif., Nov. 13, 2020 (GLOBE NEWSWIRE) — Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a $1.740 billion asset bank holding company and parent company of Merchants Bank of Commerce (the “Bank”), today announced the Bank’s expansion to San Francisco’s North Bay markets through the opening of a Loan Production Office (LPO) in Santa Rosa on December 1, 2020. The LPO will be led by Steve Tagnolli whose title will be Senior Vice President, North Bay Regional Manager. The Bank fully intends to transition the LPO into a full service deposit and loan operation.

“This expansion of our operations into the North Bay aligns with our strategic vision of pursuing opportunities in economically attractive markets near our existing footprint and led by talented bankers,” said Randy Eslick, President and Chief Executive Officer. “I am pleased and excited to have Steve join our team. He is a highly skilled and experienced banker, and a lifelong resident of the North Bay who is well known in these attractive markets.”

 “I am thrilled to be a part of a company that can pivot during an unprecedented global pandemic and expand their services into the North Bay. As a 3rd generation Santa Rosan, I look forward to building a talented team to provide the exceptional service Merchants Bank of Commerce is known for,” said Steve Tagnolli, Regional Manager.

About Bank of Commerce Holdings

Bank of Commerce Holdings is a bank holding company headquartered in Sacramento, California and is the parent company for Merchants Bank of Commerce. The Bank is an FDIC-insured California banking corporation providing community banking and financial services in northern California’s wine country and the Sacramento Valley along the Interstate 5 corridor from Sacramento to Yreka. The Bank was incorporated as a California banking corporation on November 25, 1981 and opened for business on October 22, 1982. The Company’s common stock is listed on the NASDAQ Global Market and trades under the symbol “BOCH”.

Contact Information

Randall S. Eslick, President and Chief Executive Officer
Telephone Direct (916) 677-5800

James A. Sundquist, Executive Vice President and Chief Financial Officer
Telephone Direct (916) 677-5825

Andrea M. Newburn, Vice President and Senior Administrative Officer / Corporate Secretary
Telephone Direct (530) 722-3959

Silo Wellness Announces the First-of-Its-Kind U.S.-Legal Psychedelic Wellness Nature Retreat in Oregon

Psychedelic Retreat Offering Follows Passing of Oregon’s Measure 109

SPRINGFIELD, Ore., Nov. 13, 2020 (GLOBE NEWSWIRE) — Oregon’s Silo Wellness (“Silo”), an early mover in the psychedelic mushroom space is pleased to announce that it is organizing a ketamine-assisted wellnessretreat in Oregon under the care of Dr. Matthew Hicks, ND, MS. This will add to the existing psilocybin operations in Jamaica, where Silo currently has mushroom and truffle cultivation, as well as multiple psychedelic retreat offerings. In 2019, the company announced its patent-pending psilocybin nasal spray it developed in Jamaica.   

Following the landmark passing of Oregon’s Measure 109 authorizing the Oregon Health Authority to permit licensed service providers to administer psilocybin in therapeutic settings (after a two-year rulemaking development period), Silo has positioned itself with a unique alternative to the brick-and-mortar ketamine clinic, similar to the psychedelic retreats it offers in Jamaica.  

“We can take our Jamaica psilocybin retreat protocols and use them in Oregon ketamine retreats and then later in Oregon psilocybin retreats once that program is implemented,” explained Silo Director of Science pharmacologist Parag Bhatt, PhD. “This US-based psychedelic retreat model would allow the addition of psilocybin and other natural psychedelics if and when other states come online, similar to the medical marijuana legalization trajectory that began back in 1995 in California.”

The Oregon ketamine-assisted wellness retreat establishes a United States base to meet the needs of those suffering from emotional, spiritual or psychological pain but unable to make a trip to Jamaica to experience legal psilocybin. A short flight from Seattle and San Francisco, and less than a 2.5-hour drive from Portland, Silo’s first Oregon retreat will allow qualifying participants to experience Ketamine-assisted wellness benefits alongside nature. “While ketamine clinics are a convenient and necessary choice for many, psychedelic-enhanced therapy depends a lot on mindset and setting,” said Silo medical advisor and AIMS Clinic of Seattle co-founder Sunil Aggarwal, MD, PhD, FAAPMR. “Traditionally, however, the natural setting has been preferred for those experiencing non-ordinary states of consciousness.”

Silo has engaged experienced ketamine-assisted psychotherapy (KAP) clinic operators Drs. Aggarwal and Leanna Standish, ND, PhD, LAc, FABNO to help develop the screening, retreat agenda, and protocols, as well as research outcomes.

“We welcome the opportunity to activate on this aspect of our business,” stated Douglas Gordon, Silo’s Chief Executive Officer.   “Silo moved early precisely to be in pole position to deliver on these types of experiences and with the passing of the bill last week, we are both excited and motivated by the opportunity to help patients and validate our business model.”

Oregon Attorney Mike Arnold, founder of Silo Wellness, stated, “We are very excited about the opportunity that Oregon, being the first state to legalize psychedelic mushrooms, presents Silo. Given our experience cultivating and harvested psychedelic mushrooms in Jamaica and our unique metered-dosing delivery mechanism via our patent-pending psilocybin nasal spray, we feel Silo is poised to be an industry leader, not only in Oregon and Jamaica, but in other jurisdictions that will inevitably follow our state’s lead.”

The agenda will be centered on integration in nature after the ketamine sessions using the natural surroundings with a series of memorable elements, including dropping participants off at their cabins via raft after their whitewater mindfulness excursion. Additionally, the waterfall meditation hikes and the total immersion into all the Pacific Northwest has to offer, makes this a unique opportunity for anyone looking to balance mind, body, and spirit while communing with nature.

The pharmacology and physician team have begun offering initial intake consultations for a January 2021 retreat. The Silo Wellness team is also offering this unique opportunity to Oregon physicians working in the ketamine space. “We are looking forward to collaborating with local practitioners to help share with the world the KAP clinical and retreat models,” stated Dr. Aggarwal. “It’s important that we get the word out that these unique treatment alternatives are now available and legal in the United States, and there’s no better way to train than alongside others immersed in the process.”

Silo is collaborating with Portland, Oregon, ketamine clinic operator Dr. Matthew Hicks, ND, MS. Dr. Hicks brings experience in both ketamine therapy and integrative approaches to mental health care.  

Silo Wellness is also pleased to announce the engagement of Dave Kopilak, attorney at law, of Emerge Law Group in Portland, who was the primary drafter of Oregon’s newly passed psilocybin law. “Being a resident of Oregon and practicing law here beginning in 2001, I knew the importance of partnering with the top legal professionals in the psychedelic arena,” Arnold stated. “I am pleased to have been working directly with Dave Kopilak and his team on our Oregon ketamine retreat project and look forward to working with them in preparation for Oregon psilocybin therapy. It is certainly a wonderous time to be collaborating with other Oregonians to shape an industry.”

Silo Wellness is Poised to Enter the
Oregon Psilocybin
Market

With the passing of the Oregon Measure 109, the company intends to offer psilocybin retreats in Oregon as well as pursue a clinical psilocybin-assisted counseling element with patients using the psilocybin nasal spray prior to sessions through either licensees or through the company’s own branded psilocybin service centers. “When I entered the psilocybin space in 2018, I intended to build a company with strong assets ready for what I saw back then as Oregon’s inevitable legalization,” stated Silo Wellness founder Mike Arnold. “With our extensive local Oregon connections, our experience successfully cultivating psychedelic mushrooms in Jamaica since January 2020, our IP portfolio, and now our presence in the psychedelic retreat space in Oregon, we are well positioned to apply for Oregon psilocybin licenses as a company with authentic Oregon roots.”

“While we can’t export our psychedelic mushrooms and truffles from Jamaica, we can export the systems, people, policies, and procedures in order to be turnkey ready in Oregon, the state I have called home for 22 years,” Arnold continued. “We are locked and loaded to meet Silo’s mission to put psychedelics in the hands of people in need as inexpensively and expeditiously as possible. We are blessed to be able refine our psychedelic retreat and cultivation systems in a country a few hundred miles off the coast of the United States and are looking forward to bringing that system to Oregon.”

About Silo Wellness

Silo Wellness is an early mover in the psychedelics and functional mushrooms space. With current operations ongoing in Jamaica for psilocybin cultivation and retreats, the company intends to expand operations and sales to the states and provinces when and if they legalize mushrooms. On August 25, 2020, FlyOverture Equity Inc., operating as Silo Wellness executed an amalgamation agreement with Yukoterre Resources, Inc. (CSE:YT), a company listed on the Canadian Stock Exchange for a go-public transaction via a reverse take-over.

About
AIMS Institute

The Advanced Integrative Medical Science Institute, PLLC, of Washington (“AIMS”) (www.aimsinstitute.net) is a leader and early mover in the ketamine-assisted psychotherapy clinic space. Co-founder Dr. Leanna Standish, ND, PhD, LAc, FABNO, is a neuroscientist and naturopathic physician who holds faculty appointments at the University of Washington School of Medicine in the Radiology Department as well as at Bastyr University. She specializes in integrative oncology and neurology. She leads cancer research teams and holds an FDA IND for a phase I clinical trial of ayahuasca, a psychoactive Amazonian tea.  Co-founder Dr. Sunil Aggarwal, MD, PhD, FAAPMR is a Clinical Assistant Professor at the University of Washington School of Medicine, an Affiliate Assistant Professor of Geography at UW, and a Faculty Member of the National Family Medicine Residency. Dr. Aggarwal is also an Associate Member of the New York Academy of Medicine and the Humboldt Institute for Interdisciplinary Marijuana Research. He is also currently an Associate Medical Director of MultiCare Hospice. He serves on the Editorial Advisory Board of the National Cancer Institute’s PDQ Cancer CAM information summary on cannabis and cannabinoids. He has published dozens of peer-reviewed articles and chapters and has been qualified as an expert in cannabis and psilocybin medical and religious use in county, state, and federal courts.

About Dr. Matthew Hicks

Matthew Hicks, ND, MS is a naturopathic physician and holds a degree in integrative medical research. He has published papers on empathy and mindfulness and is completing a certificate in psychedelic therapy and research from the California Institute of Integral Studies. He is the host of the Integrative Psychiatry Review Podcast and founder of Synaptic Integrative Care and Training Institute (https://synaptic.care/) of Portland Oregon, which offers integrative mental health services including ketamine-assisted treatments as well as training on psychedelic therapy. Matthew also happens to be a veteran with a passion for helping other veterans resolve their traumas. He is originally from the Kansas City, Missouri area and attended undergrad at UMKC.

Further Information

For further information, please contact:

Silo Wellness
Mike Arnold, Founder/President
5729 Main St., Suite 148
Springfield, OR 97478
Tel: 541-525-9190
Web: www.SiloWellness.com
Email: press [at symbol] silo wellness [dot com]

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release.

Readers should not place undue reliance on the forward-looking statements and information contained in this news release. SILO assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities from Silo Wellness in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

 



Friendly Hills Bank Reports Third Quarter Results

WHITTIER, Calif., Nov. 13, 2020 (GLOBE NEWSWIRE) — Friendly Hills Bank (the “bank”) (OTCBB: FHLB) reported results for the third quarter of 2020.

For the nine month period ending September 30, 2020, the bank reported net income of $622,000 or $0.31 per diluted share of common stock. This figure includes a $150,000 provision for loan losses. The bank reported net income of $933,000 (including a $50,000 gain on securities sold) or $0.48 per diluted share of common stock for the nine months ended September 30, 2019.

As of September 30, 2020, the bank reported total assets of $236.3 million, a 47% increase from $160.2 million as of September 30, 2019. The bank’s loan portfolio, net of unearned income, increased 36% from $102.9 million as of September 30, 2019, to $139.9 million as of September 30, 2020. This figure includes $47.7 million in Paycheck Protection Program loans. The portfolio remains diversified with $79.0 million or 56% in Commercial & Industrial Loans to local businesses (including $23.7 million in Owner Occupied Commercial Real Estate Loans), $37.7 million or 27% in Commercial Real Estate Loans to investors and $20.3 million or 14% in Residential Real Estate Loans to investors. The bank has an additional $20.0 million in unfunded loan commitments.

The bank’s overall deposit base has increased 33% in the twelve months ended September 30, 2020, from $119.8 million as of September 30, 2019, to $159.6 million as of September 30, 2020. Non-interest bearing deposits remain a substantial part of the deposit base (48%), increasing from $53.5 million as of September 30, 2019, to $75.9 million as of September 30, 2020. During the same time period, interest-bearing deposits increased from $66.4 million as of September 30, 2019, to $83.7 million on September 30, 2020.

At September 30, 2020, shareholders’ equity was $20.1 million and the bank’s total risk-based capital ratio was 20%, significantly exceeding the “well-capitalized” level of 10% prescribed under regulatory requirements. The bank also continues to maintain substantial liquidity positions, retaining significant balances of liquidity as well as available collateralized borrowings and other potential sources of liquidity.

“The company continues to maintain strong liquidity as the significant increases in deposits from earlier in the year remain sustainable,” commented Jeffrey K. Ball, Chief Executive Officer. “We have been able to serve this larger deposit base with control of our operating expenses and sufficient capital well above regulatory guidelines to handle the associated growth. Opportunities to invest that additional liquidity have been more challenging given market conditions and our desire to control risk exposure. This has resulted in reduced margins while asset quality remains strong as we continue to monitor market conditions and the needs of our client base. We still expect interest rate margins to be compressed for the foreseeable future. Contributing to this margin compression are the Paycheck Protection Program loans which accrue interest at just 1.00% and we are working diligently with those borrowers to submit their forgiveness applications to the Small Business Administration in an effort to accelerate the repayment of those low earning assets. We are proud of the work we have done under that CARES Act program to get the money into our local economy as quickly and efficiently as possible.”

Company Profile
:

Friendly Hills Bank is a community bank which was formed to primarily serve the Southern California communities of eastern Los Angeles County and northern Orange County. The bank was established in 2006 by prominent members of the local community who were seeking an alternative to the larger financial institutions in the area. The bank is headquartered in Whittier, California with an additional branch office in Santa Fe Springs, California. For more information on the bank, please visit www.friendlyhillsbank.com or call 562-947-1920.

Forward Looking Statements:

The numbers in this press release are unaudited. Statements such as those regarding the anticipated development and expansion of Friendly Hills Bank’s business, and the intent, belief or current expectations of the bank, its directors or its officers, are “forward looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the bank’s performance, including its ability to generate loan and deposit growth, changes in interest rates, and regulatory matters.

Friendly Hills Bank
Balance Sheets (Unaudited)
(in thousands, except per share information)
             
    9
/30
/20
  12/31/1
9
  9
/30/19
ASSETS            
Cash and due from banks   $ 2,076     $ 3,203     $ 5,309  
Interest bearing deposits with other financial institutions     61,506       20,855       9,821  
Cash and Cash Equivalents     63,582       24,058       15,130  
Investment securities available-for-sale     22,767       32,778       34,436  
Investment securities held-to-maturity     2,000       0       0  
Federal Home Loan Bank and other restricted stock     2,632       2,705       2,705  
Loans, net of unearned income     139,888       93,988       102,912  
Allowance for loan losses     (1,464 )     (1,332 )     (1,525 )
Net Loans     138,424       92,656       101,387  
Premises and equipment, net     896       313       578  
Bank Owned Life Insurance     4,815       4,730       4,702  
Deferred tax asset     65       19       305  
Accrued interest receivable and other assets     1,154       1,175       1,003  
Total Assets   $ 236,335     $ 158,434     $ 160,246  
             
LIABILITIES AND SHAREHOLDERS’ EQUITY            
Liabilities            
Deposits            
Noninterest-bearing deposits   $ 75,881     $ 54,281     $ 53,472  
Interest-bearing deposits     83,707       63,932       66,370  
Total Deposits     159,588       118,213       119,842  
Borrowed Funds     55,670       20,531       20,551  
Accrued interest payable and other liabilities     1,015       644       993  
Total Liabilities     216,273       139,388       141,386  
Shareholders’ Equity            
Common stock, no par value, 10,000,000 shares authorized:            
2,006,393 shares issued and outstanding as of 9/30/20     15,958       15,958       15,958  
1,997,993 shares issued and outstanding as of 9/30/19                        
Additional paid-in-capital     1,553       1,470       1,454  
Accumulated earnings     2,282       1,660       1,490  
Accumulated other comprehensive income (loss)     269       (42 )     (42 )
Total Shareholders’ Equity     20,062       19,046       18,860  
Total Liabilities and Shareholders’ Equity   $ 236,335     $ 158,434     $ 160,246  
             
Book Value Per Share   $ 10.00     $ 9.53     $ 9.44  

Friendly Hills Bank
Statements of Operations
(Unaudited)
(in thousands, except per share information)
         
    For the nine   For the nine
    months ended   months ended
    9/30/20   9/30/19
Interest Income   $ 4,330     $ 4,632  
Interest Expense     576       478  
Net Interest Income     3,754       4,154  
Provision for Loan Losses     150       0  
Net Interest Income after Provision for Loan Losses     3,604       4,154  
                 
Noninterest Income     440       379  
Noninterest Expense     3,193       3,280  
Non-Recurring Items     0       50  
Income before Provision for Income Taxes     851       1,303  
(Provision) Benefit for Income Taxes     (229 )     (370 )
Net Income   $ 622     $ 933  
         
Basic and Diluted Earnings Per Share   $ 0.31     $ 0.48  



Contacts:

Jeffrey K. Ball (President & CEO)
Viktor Uehlinger (EVP & CFO)
(562) 947-1920

Robin Hood: A New Report Finds One-Third of Black New Yorkers Were Stopped by Police Over a 36-Month Period

Researchers at Columbia University and Robin Hood find Black and Hispanic communities are over-policed; Race remains salient factor in NYPD police stops across city zip codes

NEW YORK, Nov. 13, 2020 (GLOBE NEWSWIRE) — A new Poverty Tracker Report finds that Black New Yorkers are twice as likely as white New Yorkers to report that they or someone in their household was stopped by the police over the course of a year.

The report, derived from Columbia University and Robin Hood’s ongoing longitudinal study of hardship and disadvantage among New Yorkers, finds higher rates of reported stops among New Yorkers living in higher-poverty zip codes than those living in lower-poverty areas. Importantly, the report finds that for white New Yorkers, where one lives affects the chances that they are stopped by police, but for Black and Hispanic New Yorkers, neighborhood poverty level makes little to no difference and race remains the salient factor.

“Despite a commitment to end stop-and-frisk policing in New York City, poor, Black, and Hispanic people remain the most likely targets for police stops in New York City. This report’s findings confirm the frustration so many express about policing and underscores the urgent need for serious and significant police reform,” said Wes Moore, CEO of Robin Hood. “That is why I am working with colleagues from the New York Urban League and the Federation of Protestant Welfare Agencies to ensure community voices are heard in the Reform and Reinvention Collaborative.”

The Poverty Tracker study examines longitudinal data collected between 2015 and 2019 on the experiences of police stops by respondents among a representative sample of New York City residents. The report is not designed to track official police stops as defined by the NYPD, rather, it sheds light on individual, household, and community perspectives on how the police impact life in New York City.

Key findings of the report include:

  • Black New Yorkers living in lower-poverty zip codes are more likely to be stopped than white New Yorkers in higher-poverty zip codes.
  • Black New Yorkers and their household’s members are twice as likely as white New Yorkers to be stopped by police.
  • While higher-poverty neighborhoods are disproportionately policed, police are more likely to stop Black New Yorkers living in lower-poverty neighborhoods than white or Hispanic New Yorkers living in higher-poverty neighborhoods. In fact, Black New Yorkers are stopped by policein lower-poverty neighborhoods as frequently as in higherpoverty neighborhoods, undermininga long held argument that Black people are more likely to be stopped by police because they live in higher crime areas. 

  • 18% of Black households reported multiple stops by police over a 36-month period, with 15% of Black households reporting one-stop by the police compared to 14% of Hispanic households reporting multiple stops by police and just 7% of white households reporting multiple stops by police during the same time period.

Robin Hood’s CEO Wes Moore is one of three community leaders participating in Mayor Bill de Blasio’s community engagement process to develop a concrete set of new reforms that are expected to be debated and voted upon by the City Council in early 2021. The community engagement effort is being led by a City Hall team overseen by First Deputy Mayor Dean Fuleihan that includes leadership from the Mayor’s Community Affairs Unit, Office of Intergovernmental Affairs, Office of City Legislative Affairs, the Office to the Counsel of the Mayor, and the Mayor’s Office of Criminal Justice. The leadership team also includes senior officials from the NYPD and the City Council. Other community leaders included are Jennifer Jones Austin of the Federation of Protestant Welfare Agencies, and Arva Rice of the New York Urban League.

About Robin Hood:  

Founded in 1988, Robin Hood finds, fuels, and creates the most impactful and scalable solutions lifting families out of poverty in New York City, with models that can work across the country. This year, Robin Hood will invest nearly $200 million to provide COVID relief, legal services, housing, meals, workforce development training, education programs, and more to families in poverty in New York City. Robin Hood tracks every program with rigorous metrics, and since Robin Hood’s Board of Directors covers all overhead, 100 percent of every donation goes directly to the poverty fight. Learn more at robinhood.org

Contact:

[email protected]

EIS Board Member Sharon Ludlow Receives Insurance Business Canada Lifetime Achievement Award

SAN FRANCISCO, Nov. 13, 2020 (GLOBE NEWSWIRE) — EIS is proud to congratulate Sharon Ludlow, a member of its Board of Directors, on being awarded the FIRST Insurance Funding of Canada 2020 Award for Lifetime Achievement. The award is given to a leading figure who has contributed to the advancement of the insurance industry in Canada with a reputation of distinguished service to the profession, and who has exhibited leadership and provided inspiration to others in the sector and their own workplace.

Sharon has over 25 years’ executive experience in the insurance industry in both the Property & Casualty and Life & Health segments. She has served as president of Aviva Insurance Company of Canada, and president and CEO of Swiss Re Canada, and launched Canada’s first online insurance marketplace, Kanetix. Sharon has been a member of the EIS board since 2018, providing invaluable insight and guidance to the executive team.

“Sharon is an industry pioneer and leader with a keen sense of what the industry can achieve collectively, and a prevailing interest in the advancement of its people and practices,” said Alec Miloslavsky, CEO of EIS. “We congratulate Sharon on this well-deserved honor and thank her for her significant contributions to EIS and to our vibrant industry.”

As part of her commitment to the insurance industry, Sharon has been a Board Member of the Insurance Bureau of Canada, the Canadian Life and Health Insurance Association, the Institute for Catastrophic Loss Reduction, and the Reinsurance Research Council, where she was Chairwoman.

The awards ceremony, and a fireside chat with Sharon, will occur virtually on Thursday, November 19, 2020. Details are available at www.ibawards.ca.

About
EIS

EIS is an insurance software company that enables leading insurers to innovate and operate like a tech company: fast, simple, agile. Founded in 2008, EIS provides a platform for high-velocity insurance. This open, flexible platform of core systems and digital solutions liberates insurers to accelerate and scale innovation, launch products faster, deliver new revenue channels, and create insurance experiences the world will love. And with thousands of open APIs, the platform gives insurers the freedom to connect to a vast ecosystem of insurtech and emerging technologies. Headquartered in San Francisco, EIS powers premium growth for insurers in all lines of business worldwide. For more information, visit EISGroup.com or follow @EISGroupLtd on Twitter and LinkedIn.

Media Contact:
Kevin Haydon
[email protected]
845-797-2976

ISG to Publish Report Examining Enterprise Service Management and ServiceNow Ecosystem Markets

Upcoming ISG Provider Lens™ report will help customers evaluate enterprise service management providers

STAMFORD, Conn., Nov. 13, 2020 (GLOBE NEWSWIRE) — Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, has launched a research study examining providers of enterprise-wide service management solutions that help enterprises manage their suppliers.

The study results will be published in a comprehensive ISG Provider Lens™ report, called Enterprise Service Management – Tools and Services, scheduled to be released in February. The report will cover a range of consulting services and tools for enterprise-wide service management, and evaluate partners of ServiceNow, one of the leading workflow-enabled service management software solutions. The study also will examine providers of managed application services focusing on operational support for enterprise service management applications.

Enterprise buyers will be able to use information from the report to evaluate their current vendor relationships, potential new engagements and available offerings, while ISG advisors use the information to recommend providers to the firm’s buy-side clients.

The new report will help enterprise customers understand the complex ESM landscape, said Jan Erik Aase, director and global leader, ISG Provider Lens Research. “Enterprise service management providers help customers improve their service strategies and roll out tools that enhance efficiency, performance and service delivery,” he said. “This study will help customers find the provider that’s the best match for their ESM needs.”

ISG has distributed surveys to more than 190 technology and service providers. Working in collaboration with ISG’s global advisors, the research team will produce seven quadrants representing the services and products the typical enterprise client is buying in the enterprise service management space, based on ISG’s experience working with its clients. The seven quadrants that will be covered are:

  • ESM Consulting & Transformation Services, addressing providers of consulting services to change the business. The providers in this quadrant help enterprises improve their service philosophies and strategies. They also help customers expand their existing IT services into enterprise services by extending processes across organizational boundaries.
  • ESM Implementation and Integration Services, covering providers highly specialized in integrating ESM tools into customers’ existing application landscape. The services include configuration and implementation, integration within the customer’s system landscape, data migration and go-live support.
  • ESM Tools Providers, including providers that offer software that delivers capabilities to create defined services for enterprise-wide use. While offering customer-specific workflow design capabilities for different business functions, the tools also ensure data integrity across different organizations, access control, and provide escalation procedures and other automated service functions.
  • ESM Managed Services Providers, covering providers that offer managed services for maintenance and support functions, including monitoring, remote support, centralized management of ESM applications, data quality management, data security and compliance. The capability to provide these services for large enterprise customers, in the context of global reach and complex application landscapes, is part of the assessment.
  • ServiceNow Consulting Services, addressing providers of consulting services that help customers prepare for the use of workflow-driven service management and transform their operations to make the most of their ServiceNow investment. Providers must demonstrate the ability to use reference models and assessments to understand customer maturity and challenges, as well as a broad understanding of present and future technical capabilities.
  • ServiceNow Implementation and Integration Services, covering providers highly specialized in implementing ServiceNow, including integration with other software tools and platforms, as well as ongoing maintenance of the installed solution.
  • ServiceNow Managed Services Providers, covering the capability of providers to offer managed services for maintenance and support functions, including monitoring, remote support and centralized management of the Now Platform, including the workflows and applications that run on this platform. Maintenance, data quality management, data security and compliance are considered when evaluating providers in this quadrant.

The report will cover the global enterprise service management market and examine products and services available in the U.S., Germany and Brazil. ISG analysts Lutz Peichert, Florian Scheibmayr and Arjun Das will serve as authors.

A list of identified providers and vendors and further details on the study are available in these digital brochures: Enterprise Service Management – Tools and Services and ServiceNow Ecosystem Partners. Companies not listed as enterprise service management providers can contact ISG and ask to be included in the study.

About ISG Provider Lens™ Research

The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG’s enterprise clients. The research currently covers providers offering their services globally, across Europe and Latin America, as well as in the U.S., Germany, Switzerland, the U.K., France, the Nordics, Brazil and Australia/New Zealand, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.

Starting this year, each ISG Provider Lens™ study will include a Global Summary to help enterprise subscribers better understand provider capabilities across all geographic markets covered by that study. All ISG Provider Lens™ reports also will now include an Enterprise Context feature to help executives quickly identify key insights related to their roles and responsibilities.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

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Will Thoretz
Information Services Group, Inc. 
+1 203 517 3119
[email protected]

Jim Baptiste
Matter Communications for ISG
+1 978 518 4527
[email protected]