Market Newsdesk

Signature Bank Releases 2022 Form 10-K

NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today the filing of its 2022 Form 10-K on March 1,^{2023 for the fiscal year ended December 31, 2022. The Form 10-K can be found on the Signature Bank website here.}

About Signature Bank

Signature Bank, member FDIC, is a New York-based full-service commercial bank with 40 private client offices throughout the metropolitan New York area, as well as those in Connecticut, California, Nevada, and North Carolina. Through its single-point-of-contact approach, the Bank’s private client banking teams primarily serve the needs of privately owned businesses, their owners, and senior managers.

The Bank has two wholly owned subsidiaries: Signature Financial, LLC, provides equipment finance and leasing; and, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member FINRA/SIPC, offers investment, brokerage, asset management, and insurance products and services. Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payments platform. Signet™ allows commercial clients to make real-time payments in U.S. dollars, 24/7/365 and was also the first blockchain-based solution to be approved for use by the NYS Department of Financial Services.

Since commencing operations in May 2001, Signature Bank reported $110.36 billion in assets and $88.59 billion in deposits as of December 31, 2022. Signature Bank placed 19^th on S&P Global’s list of the largest banks in the U.S., based on deposits as of year-end 2021.

For more information, please visit https://www.signatureny.com.

This press release and oral statements made from time to time by our representatives contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous risks and uncertainties relating to our operations and business environment, all of which are difficult to predict and may be beyond our control. Forward-looking statements include information concerning our expectations regarding future results, interest rates and the interest rate environment, loan and deposit growth, loan performance, operations, new private client teams’ hires, new office openings, business strategy and the impact of the COVID-19 pandemic on each of the foregoing and on our business overall. Forward – looking statements often include words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “potential,” “opportunity,” “could,” “project,” “seek,” “target,” “goal,” “should,” “will,” “would,” “plan,” “estimate” or other similar expressions. Forward-looking statements may also address our sustainability progress, plans, and goals (including climate change and environmental-related matters and disclosures), which may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future. As you consider forward-looking statements, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions that could cause actual results to differ materially from those in the forward-looking statements and can change as a result of many possible events or factors, not all of which are known to us or in our control. These factors include but are not limited to: (i) prevailing economic conditions; (ii) changes in interest rates, loan demand, real estate values and competition, any of which can materially affect origination levels and gain on sale results in our business, as well as other aspects of our financial performance, including earnings on interest-bearing assets; (iii) the level of defaults, losses and prepayments on loans made by us, whether held in portfolio or sold in the whole loan secondary markets, which can materially affect charge-off levels and required credit loss reserve levels; (iv) changes in monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System; (v) changes in the banking and other financial services regulatory environment; (vi) our ability to maintain the continuity, integrity, security and safety of our operations and (vii) competition for qualified personnel and desirable office locations. All of these factors are subject to additional uncertainty in the context of the COVID-19 pandemic and the conflict in Ukraine, which are having impacts on all aspects of our operations, the financial services industry and the economy as a whole. Additional risks are described in our quarterly and annual reports filed with the FDIC. Although we believe that these forward-looking statements are based on reasonable assumptions, beliefs and expectations, if a change occurs or our beliefs, assumptions and expectations were incorrect, our business, financial condition, liquidity or results of operations may vary materially from those expressed in our forward-looking statements. You should keep in mind that any forward-looking statements made by Signature Bank speak only as of the date on which they were made. New risks and uncertainties come up from time to time, and we cannot predict these events or how they may affect the Bank. Signature Bank has no duty to, and does not intend to, update or revise the forward-looking statements after the date on which they are made.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230302005626/en/

Investor Contact:

Brian Wyremski, Senior Vice President and Director of Investor Relations & Corporate Development

646-822-1479, [email protected]

Media Contact:

Susan Turkell Lewis, 646-822-1825, [email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Other Professional Services Security Data Management Technology Finance Fintech Consulting Small Business Banking Accounting Blockchain Professional Services Software Networks Internet Mobile/Wireless

MEDIA:

Logo

U. S. Steel and CarbonFree Ink MoU to Capture CO₂ Emissions at One of the Largest Integrated Steel Mills in North America

CarbonFree’s SkyCycle™ Technology Would Capture and Mineralize up to 50,000 Metric Tons of CO₂ Annually from U. S. Steel’s Facility in Gary, Indiana

PITTSBURGH–(BUSINESS WIRE)–
United States Steel Corporation (NYSE: X) (“U. S. Steel”) and CarbonFree Chemicals Holdings, LLC (CarbonFree) have signed a non-binding Memorandum of Understanding (MoU) to jointly pursue the capture of CO₂ emissions generated from U. S. Steel’s Gary Works manufacturing plant using CarbonFree’s SkyCycle™ technology. If a definitive agreement is reached, the project is expected to capture and mineralize up to 50,000 metric tons of CO₂ per year, the equivalent to carbon emissions from nearly 11,000 passenger cars.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230301006203/en/

CarbonFree’s patented SkyCycletechnology captures carbon emissions from hard-to-abate industrial sources before entering the atmosphere, converts the CO₂ into the specialty chemical precipitated calcium carbonate (PCC), and produces hydrochloric acid (HCl) as a co-product.

“As we aim to widely introduce and scale our technology to industrial facilities across the globe, we are thrilled for the possibility of bringing our SkyCycle technology’s carbon capture capabilities to U. S. Steel’s Gary Works plant, one of the largest integrated steel mills in North America,” said Martin Keighley, CEO of CarbonFree. “We are committed to working closely with U. S. Steel to achieve their sustainability goals and to further our mission of helping to enable the world’s transition to net zero carbon emissions.”

Located in Gary, Indiana, U. S. Steel’s Gary Works has annual production capability of 7.5 million net tons of raw steel per year. The MoU establishes a framework for discussions regarding the formation of a commercial venture. The decision between CarbonFree and U. S. Steel to enter into a definitive agreement is expected to be made prior to the end of 2023, and if a final agreement is executed, the parties are targeting 2025 for commencement of operations. The parties may also consider collaborating on more carbon capture, utilization and storage projects in the future.

“We are eager to enter the next phase of discussions with CarbonFree to explore the possibility of meaningful CO₂ emission reductions in our operations in a capital efficient manner,” said Richard L. Fruehauf, SVP – Chief Strategy & Sustainability Officer at U. S. Steel. “Working with CarbonFree could be a meaningful step in our efforts to decarbonize the Gary Works plant while developing technology and knowhow that we could apply to other facilities within our footprint. These potential collaborations are critical to U. S. Steel as we continue our mission of providing profitable steel solutions for people and planet.”

SkyCycle technology is modular, scalable and patented and is designed to directly capture CO₂ emissions from industrial emitters. The technology produces PCC for sale into the global specialty chemicals market, and calcium carbonate for the sequestration of CO₂. PCC is a high-value product used for a variety of industrial purposes, including in the manufacturing of paper, plastics, ceramics, paints, coating, adhesives, sealants, rubber and cleaning products. Additionally, CO₂ that is converted to calcium carbonate can be permanently stored as an environmentally friendly mineral.

For more information on SkyCycle, visit the CarbonFree website or follow on LinkedIn.

###

About U. S. Steel

Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, U. S. Steel’s customer-centric Best for All^® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3^® advanced high-strength steel. U. S. Steel also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.

About CarbonFree

CarbonFree Chemicals Holdings, LLC is a privately held company. CarbonFree has invested over 17 years into research and development to prepare to bring its SkyCycle^{™technology to hard-to-abate industries around the world. CarbonFree’s mission is to capture 10% of the world’s industrial carbon, thereby helping industries and companies reach their net zero goals. For more information about CarbonFree, visit www.carbonfree.cc.}

U. S. Steel Cautionary Note Regarding Forward-Looking Statements

This release contains information that may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. U. S. Steel intends the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in those sections. Generally, U. S. Steel has identified such forward-looking statements by using the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “target,” “forecast,” “aim,” “should,” “plan,” “goal,” “future,” “will,” “may” and similar expressions or by using future dates in connection with any discussion of, among other things, the construction or operation of new or existing facilities and operating capabilities, operating or financial performance, trends, events or developments that U. S. Steel expects or anticipates will occur in the future, anticipated cost savings, potential capital and operational cash improvements, statements regarding U. S. Steel’s future strategies, products and innovations, statements regarding U. S. Steel’s greenhouse gas emissions reduction goals, and statements expressing general views about future operating results. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements are not historical facts, but instead represent only U. S. Steel’s beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of U. S. Steel’s control. It is possible that U. S. Steel’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. U. S. Steel’s management believes that these forward-looking statements are reasonable as of the time made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. U. S. Steel undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from U. S. Steel’s historical experience and its present expectations or projections. These risks and uncertainties include, but are not limited to, the risks and uncertainties described in “Item 1A Risk Factors” in U. S. Steel’s Annual Report on Form 10-K for the year ended December 31, 2022 and those described from time to time in its future reports filed with the Securities and Exchange Commission.

©2023 U. S. Steel. All Rights Reserved

View source version on businesswire.com: https://www.businesswire.com/news/home/20230301006203/en/

Media Contacts:

Arista Joyner

Manager, Financial Communications

U. S. Steel

T- (412) 433-3994

E- [email protected]

Phil Chinitz

CarbonFree

T – (516) 659-9369

E- [email protected]

KEYWORDS: United States North America Indiana Pennsylvania

INDUSTRY KEYWORDS: Technology Manufacturing Environmental Health Other Technology Green Technology Steel Alternative Energy Environment Energy Sustainability Chemicals/Plastics

MEDIA:

Logo

Logo

Photo

SkyCycle, CarbonFree’s second-generation technology, is a modular, scalable and patented technology designed to directly capture CO2 emissions from a wide variety of hard-to-abate industrial emitters. (Photo: Business Wire)

Through Edge Discovery & Quality of Service (QoS) APIs, developers and enterprises will be able to choose network attributes and optimize the back-end architecture based on application requirements

Y Combinator Recognizes Weave as Top Company

Weave honored alongside B2B SaaS leaders Dropbox, GitHub in annual list of top-performing companies

LEHI, Utah–(BUSINESS WIRE)–
Weave (NYSE: WEAV), the all-in-one customer communications and engagement platform for small and medium-sized businesses, has been named to Y Combinator’s Top Companies 2023. The list showcases the top-performing companies that have gone through Y Combinator and are valued at over $150 million.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230302005268/en/

“Nearly a decade after participating in Y Combinator, Weave continues to show persistent innovation, growth and market opportunity,” said Brett White, CEO of Weave. “We’re thrilled to be recognized by Y Combinator as one of just 16 publicly-traded companies on their list, which exemplifies our position as a best-in-class communication and engagement solution. We’re laser-focused on continuing to deliver immediate and measurable business value to our customers — the healthcare practices who are the backbone of our local business communities.”

The 2023 Y Combinator Top Companies List is divided into Private, Public, Exits, and Breakthrough categories. Since 2005, Y Combinator has funded over 4,000 companies, including many that have become household names. Today, over a dozen Y Combinator companies are public and the combined valuation of Y Combinator alumni is over $600B. Weave was the first Utah company to go through Y Combinator’s startup bootcamp in 2014.

In the past year, Weave has grown the offerings included in its all-in-one platform — strengthening its Payments product with a Buy Now, Pay-Over-Time solution, launching a revamped Online Scheduling tool, and a new Insurance Verification product for dental practices. Weave’s revenue growth has been continually recognized in the last year through its inclusion on the Deloitte Technology Fast 500, Utah Business Fast 50 list and the MountainWest Capital Network Utah 100.

About Weave

Weave is the all-in-one customer communication and engagement platform for small and medium-sized businesses. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire customer journey. Weave’s software solutions transform how local businesses attract, communicate with and engage customers to grow their business. Weave has set the bar for Utah startup achievement & work culture. In the past year, Weave has been named a Certified Great Place to Work, and a G2 leader in Patient Engagement, Optometry, Dental Practice Management and Patient Relationship Management software. To learn more, visit www.getweave.com/newsroom/

View source version on businesswire.com: https://www.businesswire.com/news/home/20230302005268/en/

Kali Geldis

Sr. Director of Communications, Weave

[email protected]

KEYWORDS: United States North America Utah

INDUSTRY KEYWORDS: Software Internet Professional Services Business Data Management Technology Small Business Other Communications Marketing Communications Other Technology Telecommunications

MEDIA:

Logo

Photo

(Graphic: Business Wire)

U.S. Bank Releases 2023 Payments Transformation Report

Survey of finance leaders finds adoption of payments technology is driving consumer loyalty and business profitability

ATLANTA–(BUSINESS WIRE)–
Newly released U.S. Bank research explores how corporate finance leaders are preparing for future growth by innovating their payment acceptance strategies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230302005259/en/

The 2023 Payments Transformation Report surveyed 300 senior finance, treasury and revenue management executives evenly distributed among five sectors in the U.S.: retail, healthcare, lodging, restaurant and government. Respondents reported that emerging payments technology – like contactless, embedded and real-time payments capabilities – enhances business profitability, with almost two-thirds calling the use of modern payment options a competitive differentiator.

“The payments landscape is evolving at lightning speed and digital payment methods are quickly gaining traction with U.S. consumers,” said Jamie Walker, CEO of Elavon, one of the largest payments processors globally and a subsidiary of U.S. Bank. “More than three-quarters of retail-sector leaders surveyed believe positive checkout experiences are as important as product quality. Equally important is that payments technology delivers flexibility, simplicity, speed and security to both businesses and consumers.”

Card payments and cash are still king for most businesses but increasingly consumers are choosing tap-n-go payments using their contactless card and digital wallets as a more efficient option. Within two years, 60% of survey respondents say contactless or digital wallets will be the preferred payment method for consumers. The trend is especially steep when it comes to government-related payments (72% of respondents expect contactless cards to be the dominant payment method) and healthcare services (62%).

In two years’ time, respondents believe the percentage of consumers using paper checks to make purchases will drop below 5%, and Buy Now, Pay Later financing will be a routine choice for retail purchases and an emerging option for the lodging industry.

Convenience is first and foremost among the factors driving the adoption of payment processing technology by consumers. For business and finance leaders, improved convenience also equates to faster payments, improving cash flow.

“By embracing the convenient payment processing options desired by consumers, large businesses and government agencies can get paid more quickly,” Walker said. “We found that across all sectors, more than 75% of financial leaders are relying on payments transformation to feed into greater sales and greater profitability for their organization.”

Positive Payment Experiences to Drive Business Growth

The survey results found:

• Respondents hope that payments transformation will reduce operational expenditure (64%) and improve liquidity (63%). Even more expect positive impacts from improved employee experience (74%) and customer experience (72%);
• 62% of finance leaders said that the ability to offer modern payment options will be a competitive differentiator for their business;
• 78% of retail respondents say that a good checkout experience is as important a competitive advantage as having the best products;
• 51% of finance leaders are expanding their range of digital payment options;
• 47% of respondents are boosting spending on contactless devices.

Retail:

• In the retail industry, nearly half (47%) of executives expect Buy Now, Pay Later (BNPL) methods to be mainstream in two years, and 68% of retail respondents are planning to enable transactions in the metaverse.

Restaurants:

• 6 in 10 restaurant finance leaders are seeing increased requests from diners to use alternative payment methods like peer-to-peer (P2P), as well as mobile wallets;
• 70% of respondents from the restaurant sector said the ability to order and pay quickly influences a customer’s choice of restaurant.

Healthcare:

• 63% of healthcare-sector respondents said an easy and patient-friendly way of paying bills encourages quicker payment of account balances;
• 65% of healthcare finance leaders are exploring ways to expand payment acceptance by accepting digital payment types.

The U.S. Bank-commissioned survey, “Payments Transformation: What You Need to Know,” was conducted by FT Longitude, a Financial Times company, in June and July 2022. This survey follows two 2022 surveys by U.S. Bank, highlighting corporate and payment trends: The CFO Insights Report and Real-Time Payments Report.

About U.S. Bancorp

U.S. Bancorp with nearly 77,000 employees and $675 billion in assets as of December 31, 2022, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services. Union Bank, consisting primarily of retail banking branches on the West Coast, joined U.S. Bancorp in 2022. U.S. Bancorp has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2022 World’s Most Ethical Companies. Learn more at usbank.com/about.

About Elavon

Elavon is owned by U.S. Bank (NYSE: USB), the fifth-largest bank in the United States, and provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, and Canada. As the leading provider for airlines and a top five provider in hospitality, healthcare, retail, and public sector/education, Elavon’s innovative payment solutions are designed to solve pain points for businesses from small to the largest global enterprises.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230302005259/en/

Joe Rauch

[email protected]

919.260.2994

KEYWORDS: United States North America Georgia

INDUSTRY KEYWORDS: Finance Banking Payments Professional Services Technology

MEDIA:

Logo

Logo

Bluegreen Vacations Holding Corporation Plans to Issue Financial Results for the Fourth Quarter and Full-Year of 2022 on March 13th

BOCA RATON, Fla.–(BUSINESS WIRE)–
Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company”), announced today that the Company plans to release its financial results for the fourth quarter and full year ended December 31, 2022, in a press release to be issued prior to market open on Monday, March 13, 2023.

About Bluegreen Vacations Holding Corporation: Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) is a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with 70 Club and Club Associate Resorts and access to nearly 11,300 other hotels and resorts through partnerships and exchange networks. The Company also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services to, or on behalf of, third parties.

For further information, please visit us at:

Bluegreen Vacations Holding Corporation: www.BVHCorp.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230302005587/en/

Bluegreen Vacations Holding Corporation Contact Info:

Investor Relations: Leo Hinkley, Managing Director, Investor Relations Officer

Telephone: 954-399-7193

Email: [email protected]

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS: Maritime Transport Restaurant/Bar Other Travel Lodging Vacation Destinations Retail Cruise Travel

MEDIA:

Logo