Posts

Posted on

Columbia Banking System and Umpqua Holdings Corporation Announce Receipt of Shareholder Approvals to Combine

PR Newswire

TACOMA, Wash. and PORTLAND, Ore., Jan. 26, 2022 /PRNewswire/ — Columbia Banking System, Inc. (“Columbia“) (NASDAQ: COLB), the parent company of Columbia State Bank, and Umpqua Holdings Corporation (“Umpqua“) (NASDAQ: UMPQ), the parent company of Umpqua Bank, jointly announced that they have received all required shareholder approvals related to the proposed combination between Columbia and Umpqua. The final results on the proposals voted on at the special meetings of each company’s shareholders held today will be set forth in the companies’ separate Form 8-Ks to be filed with the U.S. Securities and Exchange Commissions (the “SEC”) after certification by each company’s inspector of election.

“The receipt of shareholder approval marks an important milestone on our integration timeline,” said Clint Stein, President and CEO of Columbia. “The support for the transaction by each company’s respective shareholder bases is evidenced by an overwhelming amount of voted shares voting in favor of the proposals required to effect the combination, which we expect will create meaningful shareholder value as it expands opportunities for our customers, employees, and communities.”

“Today’s vote brings us one step closer to creating the leading regional bank headquartered in the West,” said Cort O’Haver, President and CEO of Umpqua. “We look forward to providing additional updates to our stakeholders as we continue to meticulously plan for the joining of our two similar-minded organizations.”

Completion of the transaction is subject to remaining regulatory approvals and the satisfaction of other customary closing conditions set forth in the merger agreement. Columbia and Umpqua anticipate a mid-2022 transaction close, subject to these requirements.

About Columbia

Headquartered in Tacoma, Washington, Columbia Banking System, Inc. (NASDAQ: COLB) is the holding company of Columbia Bank, a Washington state-chartered full-service commercial bank with locations throughout Washington, Oregon, Idaho and Northern California. The bank has been named one of Puget Sound Business Journal’s “Washington’s Best Workplaces,” more than 10 times. Columbia was named the #1 bank in the Northwest on the Forbes 2021 list of “America’s Best Banks,” marking nearly 10 consecutive years on the publication’s list of top financial institutions.

More information about Columbia can be found on its website at www.columbiabank.com.

About Umpqua

Umpqua Holdings Corporation (NASDAQ: UMPQ) is the parent company of Umpqua Bank, an Oregon-based bank recognized for its entrepreneurial approach, innovative customer experience, and distinctive banking solutions. Umpqua Bank has locations across Oregon, Washington, California, Idaho and Nevada.  Umpqua Holdings Corporation is headquartered in Portland, Oregon. For more information, visit umpquabank.com.

Forward-Looking Statements

This communication may contain certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements about the benefits of the proposed transaction, the plans, objectives, expectations and intentions of Umpqua and Columbia, the expected timing of completion of the transaction, and other statements that are not historical facts. Such statements are subject to numerous assumptions, risks, and uncertainties. All statements other than statements of historical fact, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as “expect,” “anticipate,” “believe,” “intend,” “estimate,” “plan,” “target,” “goal,” or similar expressions, or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” “could,” or similar variations. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.

While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: changes in general economic, political, or industry conditions; the magnitude and duration of the COVID-19 pandemic and its impact on the global economy and financial market conditions and Umpqua’s and Columbia’s respective businesses, results of operations, and financial condition; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Federal Reserve Board or the effects of any declines in housing and commercial real estate prices, high or increasing unemployment rates, or any slowdown in economic growth particularly in the western United States; volatility and disruptions in global capital and credit markets; movements in interest rates; reform of LIBOR; competitive pressures, including on product pricing and services; success, impact, and timing of Umpqua’s and Columbia’s respective business strategies, including market acceptance of any new products or services and Umpqua and Columbia’s ability to successfully implement efficiency and operational excellence initiatives; the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations; changes in laws or regulations; the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement to which Umpqua and Columbia are parties; the outcome of any legal proceedings that have been or may be instituted against Umpqua or Columbia; delays in completing the transaction; the failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction); the failure to satisfy any of the other conditions to the transaction on a timely basis or at all; changes in Umpqua’s or Columbia’s share price before closing, including as a result of the financial performance of the other party prior to closing, or more generally due to broader stock market movements, and the performance of financial companies and peer group companies; the possibility that the anticipated benefits of the transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where Umpqua and Columbia do business; certain restrictions during the pendency of the proposed transaction that may impact the parties’ ability to pursue certain business opportunities or strategic transactions; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management’s attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the transaction; the ability to complete the transaction and integration of Umpqua and Columbia successfully; the dilution caused by Columbia’s issuance of additional shares of its capital stock in connection with the transaction; and other factors that may affect the future results of Umpqua and Columbia. Additional factors that could cause results to differ materially from those described above can be found in Umpqua’s Annual Report on Form 10-K for the year ended December 31, 2020 and its Quarterly Reports on Form 10-Q for the three-month periods ended March 31, 2021, June 30, 2021 and September 30, 2021, which are on file with the SEC and available on Umpqua’s investor relations website, www.umpquabank.com, under the heading “Financials,” and in other documents Umpqua files with the SEC, and in Columbia’s Registration Statement on Form S-4, its Annual Report on Form 10-K for the year ended December 31, 2020 and its Quarterly Reports on Form 10-Q for the three-month periods ended March 31, 2021, June 30, 2021 and September 30, 2021, which are on file with the SEC and available on Columbia’s website, www.columbiabank.com, under the heading “Financial Information” and in other documents Columbia files with the SEC. 

All forward-looking statements speak only as of the date they are made and are based on information available at that time. Neither Umpqua nor Columbia assumes any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/columbia-banking-system-and-umpqua-holdings-corporation-announce-receipt-of-shareholder-approvals-to-combine-301469104.html

SOURCE Umpqua Holdings Corporation

Posted on

Columbia Banking System and Umpqua Holdings Corporation Announce Receipt of Shareholder Approvals to Combine

PR Newswire

TACOMA, Wash. and PORTLAND, Ore., Jan. 26, 2022 /PRNewswire/ — Columbia Banking System, Inc. (“Columbia“) (NASDAQ: COLB), the parent company of Columbia State Bank, and Umpqua Holdings Corporation (“Umpqua“) (NASDAQ: UMPQ), the parent company of Umpqua Bank, jointly announced that they have received all required shareholder approvals related to the proposed combination between Columbia and Umpqua. The final results on the proposals voted on at the special meetings of each company’s shareholders held today will be set forth in the companies’ separate Form 8-Ks to be filed with the U.S. Securities and Exchange Commissions (the “SEC”) after certification by each company’s inspector of election.

“The receipt of shareholder approval marks an important milestone on our integration timeline,” said Clint Stein, President and CEO of Columbia. “The support for the transaction by each company’s respective shareholder bases is evidenced by an overwhelming amount of voted shares voting in favor of the proposals required to effect the combination, which we expect will create meaningful shareholder value as it expands opportunities for our customers, employees, and communities.”

“Today’s vote brings us one step closer to creating the leading regional bank headquartered in the West,” said Cort O’Haver, President and CEO of Umpqua. “We look forward to providing additional updates to our stakeholders as we continue to meticulously plan for the joining of our two similar-minded organizations.”

Completion of the transaction is subject to remaining regulatory approvals and the satisfaction of other customary closing conditions set forth in the merger agreement. Columbia and Umpqua anticipate a mid-2022 transaction close, subject to these requirements.

About Columbia

Headquartered in Tacoma, Washington, Columbia Banking System, Inc. (NASDAQ: COLB) is the holding company of Columbia Bank, a Washington state-chartered full-service commercial bank with locations throughout Washington, Oregon, Idaho and Northern California. The bank has been named one of Puget Sound Business Journal’s “Washington’s Best Workplaces,” more than 10 times. Columbia was named the #1 bank in the Northwest on the Forbes 2021 list of “America’s Best Banks,” marking nearly 10 consecutive years on the publication’s list of top financial institutions.

More information about Columbia can be found on its website at www.columbiabank.com.

About Umpqua

Umpqua Holdings Corporation (NASDAQ: UMPQ) is the parent company of Umpqua Bank, an Oregon-based bank recognized for its entrepreneurial approach, innovative customer experience, and distinctive banking solutions. Umpqua Bank has locations across Oregon, Washington, California, Idaho and Nevada.  Umpqua Holdings Corporation is headquartered in Portland, Oregon. For more information, visit umpquabank.com.

Forward-Looking Statements

This communication may contain certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements about the benefits of the proposed transaction, the plans, objectives, expectations and intentions of Umpqua and Columbia, the expected timing of completion of the transaction, and other statements that are not historical facts. Such statements are subject to numerous assumptions, risks, and uncertainties. All statements other than statements of historical fact, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as “expect,” “anticipate,” “believe,” “intend,” “estimate,” “plan,” “target,” “goal,” or similar expressions, or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” “could,” or similar variations. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.

While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: changes in general economic, political, or industry conditions; the magnitude and duration of the COVID-19 pandemic and its impact on the global economy and financial market conditions and Umpqua’s and Columbia’s respective businesses, results of operations, and financial condition; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Federal Reserve Board or the effects of any declines in housing and commercial real estate prices, high or increasing unemployment rates, or any slowdown in economic growth particularly in the western United States; volatility and disruptions in global capital and credit markets; movements in interest rates; reform of LIBOR; competitive pressures, including on product pricing and services; success, impact, and timing of Umpqua’s and Columbia’s respective business strategies, including market acceptance of any new products or services and Umpqua and Columbia’s ability to successfully implement efficiency and operational excellence initiatives; the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations; changes in laws or regulations; the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement to which Umpqua and Columbia are parties; the outcome of any legal proceedings that have been or may be instituted against Umpqua or Columbia; delays in completing the transaction; the failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction); the failure to satisfy any of the other conditions to the transaction on a timely basis or at all; changes in Umpqua’s or Columbia’s share price before closing, including as a result of the financial performance of the other party prior to closing, or more generally due to broader stock market movements, and the performance of financial companies and peer group companies; the possibility that the anticipated benefits of the transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where Umpqua and Columbia do business; certain restrictions during the pendency of the proposed transaction that may impact the parties’ ability to pursue certain business opportunities or strategic transactions; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management’s attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the transaction; the ability to complete the transaction and integration of Umpqua and Columbia successfully; the dilution caused by Columbia’s issuance of additional shares of its capital stock in connection with the transaction; and other factors that may affect the future results of Umpqua and Columbia. Additional factors that could cause results to differ materially from those described above can be found in Umpqua’s Annual Report on Form 10-K for the year ended December 31, 2020 and its Quarterly Reports on Form 10-Q for the three-month periods ended March 31, 2021, June 30, 2021 and September 30, 2021, which are on file with the SEC and available on Umpqua’s investor relations website, www.umpquabank.com, under the heading “Financials,” and in other documents Umpqua files with the SEC, and in Columbia’s Registration Statement on Form S-4, its Annual Report on Form 10-K for the year ended December 31, 2020 and its Quarterly Reports on Form 10-Q for the three-month periods ended March 31, 2021, June 30, 2021 and September 30, 2021, which are on file with the SEC and available on Columbia’s website, www.columbiabank.com, under the heading “Financial Information” and in other documents Columbia files with the SEC. 

All forward-looking statements speak only as of the date they are made and are based on information available at that time. Neither Umpqua nor Columbia assumes any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.

Columbia Investor Contact:

Amy Betts | (253) 471-4065 | [email protected]

Umpqua Investor Contact:

Jacquelynne “Jacque” Bohlen | (503) 727-4117 | [email protected]

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/columbia-banking-system-and-umpqua-holdings-corporation-announce-receipt-of-shareholder-approvals-to-combine-301469106.html

SOURCE Columbia Banking System, Inc.

Posted on

BlackRock Announces Release of Fourth Quarter Commentary for BlackRock Innovation and Growth Trust (BIGZ)

BlackRock Announces Release of Fourth Quarter Commentary for BlackRock Innovation and Growth Trust (BIGZ)

NEW YORK–(BUSINESS WIRE)–
BlackRock today announced the release of quarterly fund commentary for BlackRock Innovation and Growth Trust (NYSE: BIGZ; the “Trust”). BIGZ is a closed-end fund that seeks to take a differentiated approach to investing in innovative companies. The Trust focuses on small-cap, mid-cap, and private companies where the investment adviser believes exceptional, multi-year runways for earnings growth can be unlocked through the power of innovation. You can find the commentary below:

BIGZ Fourth Quarter Commentary

Private Investment Update

  • Since inception in March 2021, the Trust has initiated positions in twenty-five private investments, comprising 20% of total assets or a total commitment of approximately $744million.1
  • Private investments in the portfolio currently span a diversified slate of sectors including consumer discretionary, consumer staples, financials, industrials, and technology; areas we feel are ripe with innovation.

1 These investments were selected to illustrate all ofthe private investments made in the Trust. The information above is not a prediction of future performance or any assurance that comparable investment opportunities will be available at the time of investment. It is non-representative of all underlying investments made by the investment team and it should not be assumed that investment team will invest in comparable investments, or that any future Investments made by investment team will be successful. To the extent that these investments prove to be profitable, it should not be assumed that the investment team’s other investments will be profitable or will be as profitable.

All investments involve risk, including the possible loss of the principal amount invested.

This document and the information contained herein relates solely to BlackRock Innovation and Growth Trust (BIGZ). The information contained herein does not relate to, and is not relevant to, any other fund or product sponsored or distributed by BlackRock or any of its affiliates. This document is not an offer to sell any securities and is not a solicitation of an offer to buy any securities.

Carefully consider the Trust’s investment objective, risk factors and charges and expenses before investing. This and other information can be found in the Trust’s prospectus which may be obtained by visiting the SEC Edgar database. Read the prospectus carefully before investing.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock

Availability of Fund Updates

BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release.

Forward-Looking Statements

This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’s or BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC’s website at www.sec.govand on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on BlackRock’s website is not a part of this press release.

1-800-882-0052

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

Posted on

Rambus Delivers PCIe 6.0 Controller for Next-Generation Data Centers

Rambus Delivers PCIe 6.0 Controller for Next-Generation Data Centers

Highlights:

  • Pushes performance to 64 GT/s for advanced AI/ML, storage and networking applications
  • Implements full PCIe 6.0 feature set with optimized power, area and latency
  • Offers state-of-the-art data security with integrated IDE engine

SAN JOSE, Calif.–(BUSINESS WIRE)–Rambus Inc. (NASDAQ: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced the availability of its PCI Express® (PCIe®) 6.0 Controller. The PCIe specification is the interconnect of choice across a broad landscape of data-intensive markets including data center, AI/ML, HPC, automotive, IoT, defense and aerospace. Optimized for power, area and latency, the Rambus PCIe 6.0 controller delivers data rates up to 64 Gigatransfers per second (GT/s) for high-performance applications. In addition, the controller provides state-of-the-art security with an Integrity and Data Encryption (IDE) engine that monitors and protects PCIe links against physical attacks.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220126005352/en/

Rambus PCIe 6.0 Controller Block Diagram (Graphic: Business Wire)

Rambus PCIe 6.0 Controller Block Diagram (Graphic: Business Wire)

“The rapid advancement of AI/ML and data-intensive workloads requires that we continue to provide higher data rate solutions with best-in-class latency, power and area,” said Sean Fan, chief operating officer at Rambus. “As the latest addition to our portfolio of industry-leading interface IP, our PCIe 6.0 Controller offers customers an easy to integrate solution that delivers both performance and security for advanced SoCs and FPGAs.”

Key features of the Rambus PCIe 6.0 Controller include:

  • Supports PCIe 6.0 specification including 64 GT/s data rate and PAM4 signaling
  • Supports fixed-sized FLITs that enable high-bandwidth efficiency
  • Implements low-latency Forward Error Correction (FEC) for link robustness
  • Internal data path size automatically scales up or down (256, 512, 1024 bits) based on max. link speed and width for reduced gate count and optimal throughput
  • Backward compatible to PCIe 5.0, 4.0 and 3.0/3.1
  • Supports Endpoint, Root-Port, Dual-Mode and Switch port configurations
  • Integrated IDE optimized for performance

More Information:

For more information on the PCIe 6.0 Controller, please visit our website. Or, view the PCIe 6.0 specification online.

Follow Rambus:

Company website: rambus.com

Rambus blog: rambus.com/blog

Twitter: @rambusinc

LinkedIn: www.linkedin.com/company/rambus

Facebook: www.facebook.com/RambusInc

About Rambus Inc.

Rambus is a provider of industry-leading chips and silicon IP making data faster and safer. With over 30 years of advanced semiconductor experience, we are a pioneer in high-performance memory subsystems that solve the bottleneck between memory and processing for data-intensive systems. Whether in the cloud, at the edge or in your hand, real-time and immersive applications depend on data throughput and integrity. Rambus products and innovations deliver the increased bandwidth, capacity and security required to meet the world’s data needs and drive ever-greater end-user experiences. For more information, visit rambus.com.

Cori Pasinetti

Rambus Corporate Communications

t: (650) 309-6226

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Semiconductor Data Management Technology Networks Internet Hardware

MEDIA:

Logo
Logo
Photo
Photo
Rambus PCIe 6.0 Controller Block Diagram (Graphic: Business Wire)
Posted on

Calix Releases Fourth Quarter 2021 Financial Results

Calix Releases Fourth Quarter 2021 Financial Results

SAN JOSE, Calif.–(BUSINESS WIRE)–
Calix, Inc. (NYSE: CALX) today announced unaudited financial results for its fourth quarter 2021, which have been posted as a letter to stockholders to the investor relations section of its website. Please visit the Calix investor relations website at https://investor-relations.calix.com to view the fourth quarter 2021 financial results in our letter to stockholders, along with accompanying supplemental financial information.

A conference call to discuss these results with Chairman and CEO, Carl Russo, CFO, Cory Sindelar, President and COO, Michael Weening and Investor Relations Director, Tom Dinges, will be held tomorrow, January 27, 2022, at 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time).

Interested parties can listen to a live webcast of the conference call by visiting the Calix Investor Relations website. The conference call is also available via teleconference by dialing (877) 407-4019 or international (201) 689-8337 with conference ID# 13725570 or participants can also click this link for instant telephone access to the event. The link will become active approximately 15 minutes prior to the start of the conference call. The conference call and webcast will include forward-looking information.

A replay of the conference call will also be available on the Calix investor relations website following the completion of the call. The call will be archived on the Events page of the Calix investor relations website.

About Calix

Calix, Inc. (NYSE: CALX) – Calix cloud and software platforms enable service providers of all types and sizes to innovate and transform. Our customers utilize the real-time data and insights from Calix platforms to simplify their businesses and deliver experiences that excite their subscribers. The resulting growth in subscriber acquisition, loyalty and revenue creates more value for their businesses and communities. This is the Calix mission; to enable broadband service providers of all sizes to simplify, excite and grow.

Investor Inquiries:

Thomas J. Dinges, CFA

Investor Relations Director

408-474-0080

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Software Technology Networks Internet

MEDIA:

Logo
Logo
Posted on

Capital Bancorp Declares Quarterly Cash Dividend of $0.05 per Share

ROCKVILLE, Md., Jan. 26, 2022 (GLOBE NEWSWIRE) — Capital Bancorp, Inc. (NASDAQ: CBNK) (“Company”), the holding company of Capital Bank (“Bank”), announced today that its Board of Directors has declared a cash dividend on its common stock of $0.05 per share. The dividend is payable on February 23, 2022, to shareholders of record as of February 8, 2022.

About Capital Bancorp, Inc.

Capital Bancorp, Inc., Rockville, Maryland is a registered bank holding company incorporated under the laws of Maryland. The Company’s wholly owned subsidiary, Capital Bank, N.A., is the fourth largest bank headquartered in Maryland at December 31, 2021. Capital Bancorp has been providing financial services since 1999 and now operates bank branches in five locations in the greater Washington, D.C. and Baltimore, Maryland markets. Capital Bancorp had assets of approximately $2.1 billion at December 31, 2021 and its common stock is traded in the NASDAQ Global Market under the symbol “CBNK.” More information can be found at the Company’s website www.CapitalBankMD.com under its investor relations page.

FINANCIAL CONTACT: Alan Jackson (240) 283-0402

MEDIA CONTACT: Ed Barry (240) 283-1912

 



Posted on

Schwab Declares 11% Increase in Quarterly Common Stock Dividend and Declares Preferred Stock Dividends

Schwab Declares 11% Increase in Quarterly Common Stock Dividend and Declares Preferred Stock Dividends

WESTLAKE, Texas–(BUSINESS WIRE)–
The Board of Directors of The Charles Schwab Corporation at its meeting today declared a 2 cent, or 11%, increase in the regular quarterly cash dividend to $0.20 per common share. The dividend is payable February 25, 2022 to stockholders of record as of the close of business on February 11, 2022.

Chairman Charles Schwab commented, “This dividend increase reflects the Board’s confidence in our ability to continue to deliver consistent earnings and cash flow as we pursue our ‘Through Clients’ Eyes’ strategy.”

In addition, the Board of Directors also declared dividends on the following series of outstanding preferred stock, payable March 1, 2022 to stockholders of record as of the close of business on February 14, 2022:

Preferred Stock Series

Dividend Per

Share

Dividend Per

Depositary

Share

5.95% Non-Cumulative Perpetual Preferred Stock, Series D

Dividend Period: December 1, 2021-February 28, 2022

$14.88

$0.372000

4.625% Fixed to Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E

Dividend Period: September 1, 2021-February 28, 2022

$2,312.50

$23.125000

5.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G

Dividend Period: December 1, 2021-February 28, 2022

$1,343.75

$13.437500

4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H

Dividend Period: December 1, 2021-February 28, 2022

$1,000.00

$10.000000

4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I

Dividend Period: December 1, 2021-February 28, 2022

$1,000.00

$10.000000

4.450% Non-Cumulative Perpetual Preferred Stock, Series J

Dividend Period: December 1, 2021-February 28, 2022

$11.13

$0.278250

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 33.2 million active brokerage accounts, 2.2 million corporate retirement plan participants, 1.5 million banking accounts, and approximately $8.14 trillion in client assets. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiaries, Charles Schwab & Co., Inc., TD Ameritrade, Inc., and TD Ameritrade Clearing, Inc., (members SIPC, www.sipc.org), and their affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.aboutschwab.com.

TD Ameritrade, Inc. and TD Ameritrade Clearing, Inc. are separate but affiliated companies and subsidiaries of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank.

MEDIA:

Mayura Hooper

Charles Schwab

Phone: 415-667-1525

INVESTORS/ANALYSTS:

Jeff Edwards

Charles Schwab

Phone: 415-667-1524

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Finance Consulting Banking Accounting Professional Services

MEDIA:

Logo
Logo
Posted on

American Financial Group Management to Participate in the Bank of America Securities 2022 Virtual Insurance Conference

American Financial Group Management to Participate in the Bank of America Securities 2022 Virtual Insurance Conference

CINCINNATI–(BUSINESS WIRE)–
American Financial Group, Inc. (NYSE: AFG) announced today that Carl H. Lindner III and S. Craig Lindner, Co-Chief Executive Officers and Brian S. Hertzman, Senior Vice President and Chief Financial Officer, will participate in the Bank of America Securities 2022 Virtual Insurance Conference on Wednesday, February 16, 2022.

While there will be no Company presentation, AFG will host several investor meetings in this virtual setting. The investor material to be used in the meetings will be posted via a link under Events on the Investor Relations page of AFG’s website, www.AFGinc.com, just prior to the conference.

About American Financial Group, Inc.

American Financial Group is an insurance holding company, based in Cincinnati, Ohio. Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses. Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.

Diane P. Weidner, IRC

Vice President – Investor & Media Relations

513-369-5713

Websites:

www.AFGinc.com

www.GreatAmericanInsuranceGroup.com

KEYWORDS: Ohio United States North America

INDUSTRY KEYWORDS: Banking Professional Services Insurance Finance

MEDIA:

Logo
Logo
Posted on

Arthur J. Gallagher & Co. Increases Cash Dividend To $0.51 Per Share

PR Newswire

ROLLING MEADOWS, Ill., Jan. 26, 2022 /PRNewswire/ — Arthur J. Gallagher & Co. (NYSE: AJG) announced that its Board of Directors declared a fifty one cents($0.51) per share quarterly cash dividend on the company’s common stock, a $0.03 increase over the prior quarter’s dividend.  The dividend will be payable on March 18, 2022 to Stockholders of Record as of March 4, 2022.

Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois.  The company has operations in 68 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Contact: 
Ray Iardella 
VP – Investor Relations
630-285-3661/[email protected]

Cision View original content:https://www.prnewswire.com/news-releases/arthur-j-gallagher–co-increases-cash-dividend-to-0-51-per-share-301469120.html

SOURCE Arthur J. Gallagher & Co.

Posted on

Horizon Bancorp, Inc. Announces Consumer and Commercial Banking Leadership Appointments and Retirement of Jim Neff, President

MICHIGAN CITY, Ind., Jan. 26, 2022 (GLOBE NEWSWIRE) — (NASDAQ GS: HBNC) — Horizon Bancorp, Inc. (“Horizon” or the “Company”) today announced various changes to its senior leadership structure and made several executive leadership promotions and appointments for consumer and commercial banking, to be effective April 1, 2022.

Noe S. Najera will be promoted to Executive Vice President, responsible for consumer, mortgage, and mortgage-warehouse lending, as well as CRA and fair lending programs, leading these teams upon President James D. Neff’s retirement from the Company and its wholly owned Horizon Bank subsidiary on March 31.

In addition, Executive Vice President Lynn Kerber will be promoted to Chief Commercial Banking Officer upon Dennis Kuhn’s appointment as Horizon’s Regional President for Southwest Michigan.

On January 24, 2022, James D. Neff, the President of the Company and its wholly owned subsidiary, Horizon Bank, notified the Company of his intention to retire from his positions effective as of March 31, 2022. “With Jim’s distinguished banking career of nearly 44 years and more than two decades on our executive management team, Horizon has benefitted greatly from his significant contributions, and we look forward to his continued friendship as we wish him the very best in retirement,” Chairman and CEO Craig M. Dwight said. “In naming Noe, Lynn and Dennis to their new roles, we are able to draw from Horizon’s deep bench of highly experienced bankers to ensure that all our talented advisors have the leadership and resources they need to serve growing numbers of consumers and businesses in Indiana, Michigan and throughout the Midwest.”

Noe Najera joined Horizon in 2016 and has served as Senior Vice President, Consumer Lending and CRA/Fair Lending and assumed additional responsibilities for retail mortgage lending in 2018. He has over 20 years of consumer and mortgage lending experience. Previously, Noe played professional baseball for five years with the Cleveland Indians and the Cincinnati Reds. He earned his B.A. degree from Indiana University South Bend and attended Cypress College and North Carolina State University as a scholarship athlete. Noe is a volunteer mentor for Junior Achievement at Purdue Northwest, Unity Foundation of La Porte County, and a member of Horizon’s Diversity Business Council, Mortgage Bankers Association and Michigan Bankers Association.

Lynn Kerber joined Horizon in 2018 and has served as Executive Vice President, Senior Commercial Credit Officer since January 2021. Previously in her career, Lynn held leadership roles in commercial banking, credit administration, and enterprise risk management, having previously served as Executive Vice President, Regional Bank President and Executive Vice President and Chief Risk Officer for Chemical Financial Corporation. She earned her M.B.A. and B.A. degrees from Western Michigan University and also completed the Stonier Graduate School of Banking Program at the University of Pennsylvania. Lynn has been active in community and professional organizations throughout her career, and currently serves on the Board of Education for South Haven Public School District as Treasurer and Chair of the Finance Committee.

Dennis Kuhn, in his new Regional President role, will be responsible for growth in Southwest Michigan where he has built strong commercial and community relationships during his 37-year career. He joined Horizon in 2010 to establish its Kalamazoo office and served as Executive Vice President and Chief Commercial Banking Officer since 2017. Previously, Dennis was an executive in the Southwest and Central regions of the state with Portage Commerce Bank, Michigan National Bank and First of America Bank. He earned his B.S. degree from Oregon State University. Dennis currently serves as a Board member and Treasurer of the Michigan City Economic Development Corporation, and has been active in numerous community and non-profit organizations throughout his career.

Craig M. Dwight, the Chairman and CEO of the Company and Horizon Bank, will assume the role of President upon Mr. Neff’s retirement until a new President of the Company and Horizon Bank is appointed. The Company intends to retain an executive search firm to conduct a national search for a permanent successor to Mr. Neff as President and advise the Board of Directors on potential internal and external candidates.

About Horizon Bancorp, Inc.

Horizon Bancorp, Inc. (NASDAQ GS: HBNC) is the $7.4 billion–asset bank holding company for Horizon Bank, which serves customers across diverse and economically attractive Midwestern markets through convenient digital and virtual tools, as well as its Indiana and Michigan branches. Horizon’s retail offerings include prime residential, indirect auto, and other secured consumer lending to in–market customers, as well as a range of personal banking and wealth management solutions. Horizon also provides a comprehensive array of in–market business banking and treasury management services, with commercial lending representing over half of total loans. More information on Horizon, headquartered in Northwest Indiana’s Michigan City, is available at horizonbank.com and investor.horizonbank.com.

Forward Looking Statements

This press release may contain forward–looking statements regarding the financial performance, business prospects, growth and operating strategies of Horizon Bancorp, Inc. and its affiliates (collectively, “Horizon”). For these statements, Horizon claims the protection of the safe harbor for forward–looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this press release should be considered in conjunction with the other information available about Horizon, including the information in the filings we make with the Securities and Exchange Commission. Forward–looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward–looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. We have tried, wherever possible, to identify such statements by using words such as “anticipate,” “estimate,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance.

Although management believes that the expectations reflected in such forward–looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include risk factors relating to the banking industry and the other factors detailed from time to time in Horizon’s reports filed with the Securities and Exchange Commission, including those described in Horizon’s Annual Report on Form 10–K and its quarterly reports on Form 10–Q. Further, statements about the effects of the COVID–19 pandemic on our business, operations, financial performance, and prospects may constitute forward–looking statements and are subject to the risk that the actual impacts may differ, possibly materially, from what is reflected in those forward–looking statements due to factors and future developments that are uncertain, unpredictable, and in many cases beyond our control, including the scope and duration of the pandemic, actions taken by governmental authorities in response to the pandemic, and the direct and indirect impact of the pandemic on our customers, third parties, and us. Undue reliance should not be placed on the forward–looking statements, which speak only as of the date hereof. Horizon does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions that may be made to update any forward–looking statement to reflect the events or circumstances after the date on which the forward–looking statement is made, or reflect the occurrence of unanticipated events, except to the extent required by law.

Contact:

Craig Dwight, Chairman & CEO
Phone: (219) 873-2725
Fax: (219) 873-9280