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Midland States Bancorp, Inc. Appoints Jennifer L. DiMotta to Board of Directors

Banking - 8 November 2018 - 4:05pm

EFFINGHAM, Ill., Nov. 08, 2018 (GLOBE NEWSWIRE) --  Midland States Bancorp, Inc. (NASDAQ: MSBI) (the “Company” or “Midland”) announced today that Jennifer L. DiMotta has been appointed to the Board of Directors of the Company and Midland States Bank. With the addition of Mrs. DiMotta, the Company’s Board of Directors has increased to 11 members, with eight of the directors classified as independent.

“We are very pleased to add an executive of Jennifer’s caliber to our Board of Directors,” said John M. Schultz, Chairman of the Board of the Company. “We believe that Jennifer’s experience in leadership, business development and information technology will be a great asset to the Board. Jennifer’s entrepreneurial background will also be valuable as Midland continues to meet the evolving multi-channel banking needs of our customers.”

Mrs. DiMotta is the President of DiMotta Consulting LLC, a strategic eCommerce and digital marketing consulting firm, which she founded in 2017. Prior to launching her consulting business, Mrs. DiMotta served as Vice President Digital and Omnichannel of Bluemercury Inc., a cosmetics retailer, as Vice President eCommerce of Sports Authority, Inc., a sporting goods retailer, and as Senior Director of eCommerce of Office Depot. In each of these positions she was responsible for developing eCommerce and digital marketing efforts. Mrs. DiMotta holds a B.A. in Criminal Justice from the University of Nebraska, and a Master’s Degree in Leadership from Bellevue University.

About Midland States Bancorp, Inc.

Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of September 30, 2018, the Company had total assets of approximately $5.7 billion and its Wealth Management Group had assets under administration of approximately $3.2 billion. Midland provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. In addition, multi-family and healthcare facility FHA financing is provided through Love Funding, Midland’s non-bank subsidiary. For additional information, visit www.midlandsb.com or follow Midland on LinkedIn at https://www.linkedin.com/company/midland-states-bank.

Special Note Concerning Forward-Looking Statements

Readers should note that in addition to the historical information contained herein, this press release includes "forward-looking statements," including but not limited to statements about the Company’s future performance. These statements are subject to many risks and uncertainties, including changes in interest rates and other general economic, business and political conditions, including changes in the financial markets; changes in business plans as circumstances warrant; and other risks detailed from time to time in filings made by the Company with the Securities and Exchange Commission. Readers should note that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Forward- looking statements generally can be identified by the use of forward-looking terminology such as "will," "propose," "may," "plan," "seek," "expect," "intend," "estimate," "anticipate," "believe" or "continue," or similar terminology. Any forward-looking statements presented herein are made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

CONTACTS:
Douglas J. Tucker, Sr. V.P., Corporate Counsel, at dtucker@midlandsb.com or (217) 342-7321

Categories: State

IntelGenx Reports Third Quarter 2018 Financial Results

Recreation - 8 November 2018 - 4:00pm

SAINT LAURENT, Quebec, Nov. 08, 2018 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSX-V: IGX) (OTCQX: IGXT) (the “Company” or “IntelGenx”) today reported financial results for the third quarter ended September 30, 2018. All dollar amounts are expressed in U.S. currency and results are reported in accordance with United States generally accepted accounting principles except where noted otherwise.

2018 Third Quarter Financial Highlights:

  • Total revenue was $700,000, which reflected decreases in deferred revenues on monetization of $972,000, offset by an increase in R&D revenues of $418,000 vs same period last year.
  • Negative adjusted EBITDA was ($2.3 million), compared to negative adjusted EBITDA of ($340,000) in the same period last year.
  • Cash and short-term investments totalled $2.2 million as at September 30, 2018, which did not include $499,000 in proceeds from the exercise of previously issued common share purchase warrants, nor gross proceeds of $12 million raised by the Company in its October 2018 equity offering, nor gross proceeds of $633,000 from the exercise of over-allotment options.

Recent Developments:

  • Announced that an Abbreviated New Drug Application (“ANDA”) for a generic buccal film product was submitted to the US Food and Drug Administration (“FDA”) by its partner, Insud Pharma (formerly Chemo Group).
  • Commenced patient recruitment in Phase 2a study with Montelukast VersaFilm™ in patients with mild to moderate Alzheimer’s Disease (“AD”).
  • Announced successful results from a bioequivalence study for RIZAPORT®, its proprietary anti-migraine VersaFilm™ product, demonstrating that RIZAPORT® is bioequivalent to the U.S. reference, Maxalt®-MTL, as well as the European reference, Maxalt®-Lingua.
  • Executed a definitive world-wide agreement with Tilray®, a global leader in cannabis research, cultivation, production and distribution, to co-develop and commercialize oral film products infused with recreational and medical cannabis (“cannabis-infused VersaFilm™”).

“This was a landmark quarter, where the Company continued to push the frontiers of oral film drug development,” commented Dr. Horst G. Zerbe, President and CEO of IntelGenx.  “From the initiation of AD patient recruitment for the Phase 2a Montelukast VersaFilm™ study, to the generic buccal film product ANDA submission, to executing our definitive agreement with Tilray®, many important milestones were achieved as we continue to advance toward bringing multiple exciting VersaFilm™ products to market.”   

Financial Results:

Total revenues for the three-month period ended September 30, 2018 amounted to $700,000, compared to $1.3 million for the three-month period ended September 30, 2017.  The decrease for the three-month period ended September 30, 2018 compared to last year’s corresponding period is mainly attributable to a decrease in deferred revenues on monetization of $972,000 offset by an increase in R&D revenues of $418,000.

Operating costs and expenses were $3.3 million for the third quarter ended September 30, 2018, versus $1.8 million for the corresponding quarter in 2017.  The increase for the three-month period ended September 30, 2018 is mainly attributable to a $874,000 increase in Research and Development expenses mainly attributable to an increase in clinical study costs and a $750,000 increase in Selling, General and Administrative expenses mainly attributable to an increase in manufacturing costs.

For the third quarter ended September 30, 2018, the Company had an operating loss of $2.6 million, compared to an operating loss of $569,000 for the comparable period of 2017.

Net comprehensive loss was $2.9 million, or $0.04 on a basic and diluted per share basis, for the three-month period ended September 30, 2018, compared to a net comprehensive loss of $586,000, or $0.01 on a basic and diluted per share basis, for the comparable period of 2017.

As at September 30, 2018, the Company’s cash and short-term investments totalled $2.2 million, which did not include $499,000 in recently reported proceeds from the exercise of previously issued common share purchase warrants, nor gross proceeds of $12 million raised by the Company in its October 2018 equity offering, nor gross proceeds of $633,000 from the exercise of over-allotment options.

Conference Call Details:

IntelGenx will host a conference call to discuss its third quarter 2018 financial results today, November 8, 2018, at 4:30 p.m. ET.  The dial-in number for the conference call is (833) 231-8269 (Canada and United States) or (647) 689-4114 (International), conference ID 8659745. The call will also be webcast live and archived for twelve months at www.intelgenx.com.

About IntelGenx:

Established in 2003, IntelGenx is a leading oral drug delivery company primarily focused on the development and manufacturing of innovative pharmaceutical oral films based on its proprietary VersaFilm™ technology platform.

IntelGenx's highly skilled team provides comprehensive pharmaceuticals services to pharmaceutical partners, including R&D, analytical method development, clinical monitoring, IP and regulatory services. IntelGenx's state-of-the-art manufacturing facility, established for the VersaFilm™ technology platform, supports lab-scale to pilot and commercial-scale production, offering full service capabilities to its clients. More information about the company can be found at www.intelgenx.com.

Forward Looking Statements:

This document may contain forward-looking information about IntelGenx's operating results and business prospects that involve substantial risks and uncertainties. Statements that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements include, but are not limited to, statements about IntelGenx's plans, objectives, expectations, strategies, intentions or other characterizations of future events or circumstances and are generally identified by the words "may," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "could," "would," and similar expressions. All forward looking statements are expressly qualified in their entirety by this cautionary statement. Because these forward-looking statements are subject to a number of risks and uncertainties, IntelGenx's actual results could differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading "Risk Factors" in IntelGenx's annual report on Form 10-K, filed with the United States Securities and Exchange Commission and available at www.sec.gov, and also filed with Canadian securities regulatory authorities at www.sedar.com. IntelGenx assumes no obligation to update any such forward-looking statements.

Each of the TSX Venture Exchange and OTCQX has neither approved nor disapproved the contents of this press release.  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source:  IntelGenx Technologies Corp. 

CONTACT: For more information, please contact: Stephen Kilmer Investor Relations (514) 331-7440 ext 232 stephen@intelgenx.com Or Andre Godin, CPA, CA Executive Vice-President and CFO IntelGenx Corp. (514) 331-7440 ext 203 andre@intelgenx.com
Categories: State

Player’s Network and MJ Venture Partners Launch New CBD Brand, Green Leaf PURE, and Ecommerce Store, GreenLeafPure.com

Recreation - 8 November 2018 - 3:24pm

PNTV to capitalize on the  growth of the CBD market whose sales are expected to exceed $22 Billion by 2022 according to Forbes Magazine.

LAS VEGAS, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Player’s Network, Inc. (OTCQB: PNTV), a rapidly growing company in the recreational and medical marijuana industry with licensed grow operations in 2 states and MJ Venture Partners, Inc. (OTC: MJVP), a start-up company established to identify and develop ventures in the marijuana and cannabidiol CBD industries are pleased to announce a strategic partnership to develop and market non-psychoactive Cannabidiol (CBD) based products and their consumer facing ecommerce website GreenLeafPURE.com.

PNTV has been working with MJVP for several months to enable PNTV to effectively enter the CBD market. MJVP is providing traditional and digital marketing services, social media marketing, website development and ecommerce services, product distribution, and industry expertise. MJVP initially launched PNTV’s CBD brand and product line, Green Leaf PURE, as well as developed their ecommerce website, GreenLeafPURE.com. MJVP has also established an online affiliate program to drive sales from internet-based influencers and affiliates.

MJVP strategically positioned the Green Leaf PURE brand to include the highest quality CBD, strongest dosage as well as superior ingredients in their formulations. All CBD brands and/or products created by MJVP will be tested to ensure the safety and highest quality CBD. The initial line of products are now available for purchase on their website, GreenLeafPURE.com.

Currently, the market for CBD is on track to generate more than $600 Million in 2018. Forbes reported that CBD sales will reach over $1 Billion by 2020 and is expected to exceed $22 Billion by 2022.

PNTV is well positioned with its existing licensed cannabis holdings to expand into the less regulated, less restrictive and rapidly growing CBD industry. The Company is further diversifying its holdings and expanding the business to international consumers. PNTV can now sell CBD products and expand its customer base throughout the United States. Many consumers want the health benefits of using CBD regularly without the psychoactive effects of THC and/or the fear of failing a cannabis drug test.

Brett H. Pojunis, CEO of MJVP, said, “We feel CBD has the same type of explosive potential that we have experienced with cannabis and expected sales to exceed $22 Billion by 2022!” Pojunis continued, “Our goal with Green Leaf PURE was to launch with a limited number of high-quality CBD products that consumers are familiar with and commonly used and then add new products, brands and lines as new vertical markets develop.”

Mark Bradley, CEO of PNTV, states, “While PNTV’s subsidiary, Green Leaf Farms, remains focused on expanding its licensed legal Cannabis business, entering the CBD marketplace is a natural extension and very timely to capitalize on the expected growth of the industry while allowing us to further diversify our operations.”

Discounts for Shareholders and subscribers to the PNTV Investor Portal

For a limited time (30 days) interested parties can sign up for generous discounts and exclusive offers for Green Leaf PURE products on PNTV’s Investor Portal (http://playersnetwork.com/ir). Members and Shareholders will benefit from ongoing specials and will be the first to know about Green Leaf Farm’s new CBD products as well as promotional codes.

About Player’s Network, Inc. (PNTV)

Player’s Network is a rapidly growing company in the marijuana industry with licensed grow operations in Las Vegas and California that trades on the OTC Market – stock symbol PNTV. Over the last 12 months, the Company has gone from a development stage company to a fully operational cannabis business.  Their business strategy is growth by acquisitions, joint ventures, and new market opportunities. They recently entered into $5,000,000 acquisition of a California grow operation.

Cannabis is legal for medical use in 30 States plus DC. It is legal for adult recreational use in 9 States plus DC. The entire country of Canada has legalized marijuana adult use starting on October 17, 2018. The Company believes this trend of legalizing marijuana will continue and create tremendous growth opportunities for their shareholders.

Twitter: https://twitter.com/playersnetwork
FaceBook: https://facebook.com/PlayersNetwork
For more information please visit www.PlayersNetwork.com

Activate your FREE account & sign up for news/updates: https://playersnetwork.com/ir.

About MJ Venture Partners, Inc. (MJVP)

MJ Venture Partners, Inc., stock symbol: MJVP, is a start-up company established to identify and develop ventures in the marijuana and cannabidiol CBD industries. Although currently operating in stealth mode, the primary business model is a “growth by acquisition” strategy focused on acquiring revenue producing businesses. In addition, MJVP intends on developing its own brands to include venture investments and fully operational marijuana and CBD businesses.

With a focus on technology, MJVP is building an ecosystem for the marijuana industry designed to accelerate projects and partnerships.

For more information please visit www.MJVP.com.

Information about Forward-Looking Statements

This press release contains “forward-looking statements” that include information relating to future events. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to: inability to gain or maintain licenses,   reliance on unaudited statements, the Company’s need for additional funding, governmental regulation of the cannabis industry, the impact of competitive products and pricing, the demand for the Company’s products, and other risks that are detailed from time-to-time in the Company’s filings with the United States Securities and Exchange Commission. For a more detailed description of the risk factors and uncertainties affecting Players Network, please refer to the Company’s recent Securities and Exchange Commission filings, which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Player’s Network Investor Contact:

David Klepinger, Investor Relations Manager
Email: dklepinger@playersnetwork.com  
Office: 702.840.3283

MJVP Investor Contacts:

Brett H. Pojunis
Email: ir@mjvp.com
General Number: 702.660.2365

Categories: State

ICC Labs Obtains Final Order For Arrangement With Aurora Cannabis

Recreation - 8 November 2018 - 2:12pm

VANCOUVER, British Columbia, Nov. 08, 2018 (GLOBE NEWSWIRE) -- ICC Labs Inc. (the Company or ICC) (TSX-V: ICC) is pleased to announce that the Supreme Court of British Columbia has issued a final order (the Final Order) approving the plan of arrangement (the Arrangement) between ICC and Aurora Cannabis Inc. (Aurora) (TSX: ACB, NYSE: ACB). Subject to the terms and conditions of an arrangement agreement between ICC and Aurora dated September 8, 2018 (the Arrangement Agreement), Aurora will acquire all of the issued and outstanding common shares of ICC (ICC Shares). Obtaining the Final Order is one of the conditions to completing the Arrangement.

Receipt of the Final Order follows the special meeting of shareholders of ICC (ICC Shareholders) on November 6, 2018 wherein approximately 98.74% of votes cast by all of the ICC Shareholders eligible to vote at the Meeting voted in favour of a special resolution to approve the Arrangement.

If the Arrangement becomes effective, each ICC Shareholder will receive $1.95 per ICC Share, payable in common shares of Aurora (the Aurora Shares) valued at the volume-weighted average trading price of Aurora Shares on the Toronto Stock Exchange (the TSX) during the twenty trading day period ending on the second to last trading day on the TSX immediately prior to the date the Arrangement is completed pursuant to the terms of the Arrangement Agreement and as further described in ICC’s management information circular (the Circular) in respect of the Arrangement, a copy of which is available under ICC’s profile on SEDAR at www.sedar.com.

Completion of the Arrangement remains subject to other customary closing conditions, including the receipt of certain Uruguayan regulatory approvals. All requested documents have been submitted to the relevant Uruguayan authorities to apply for such approvals and a response is currently being awaited. Assuming that the conditions to closing are satisfied or waived, it is expected that the Arrangement will be completed in the fourth quarter of 2018.

About ICC

ICC is a fully licensed producer and distributor of medicinal cannabinoid extracts, recreational cannabis and industrial hemp products in Uruguay as well as a fully licensed producer of medicinal cannabis in Colombia. The Company has active operations in Uruguay, and is focused on becoming the worldwide leading producer of cannabinoid extracts, giving support and promoting responsible use for medicinal purposes, backed by scientific research and innovation, while following strict compliance with standards for quality and safety.

For further information, please contact:
Alejandro Antalich, Chief Executive Officer of ICC
Telephone: 598-2900-0000 ext. 404
Email: ir@icclabs.com

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Caution Concerning Forward-Looking Statements

This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law (forward-looking statements). Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements in this news release include, but are not limited to statements with respect to the anticipated timing of the closing of the Arrangement; the anticipated consideration to be received by ICC Shareholders; the satisfaction of closing conditions; the Uruguayan regulatory approvals being obtained; and certain other customary closing conditions.

Implicit in the forward-looking statements referred to above are assumptions regarding, among other things: the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory and third party approvals; the ability of the parties to satisfy, in a timely manner, the conditions to the closing of the Arrangement; and other expectations and assumptions concerning the Arrangement. The anticipated timing provided herein in connection with the Arrangement may change for a number of reasons, including the inability to secure necessary regulatory or other third party approvals in the time assumed or the need for additional time to satisfy the other conditions necessary to complete the Arrangement. ICC Shareholders are urged to carefully read the Circular (as updated by the news release of ICC dated October 15, 2018) in its entirety.

Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statement, whether express or implied, including, without limitation, a change in the volume-weighted average trading price of the Aurora Shares from the date hereof to the Effective Date (defined in the Arrangement Agreement); the potential risk that the Arrangement Agreement could be terminated in certain circumstances; failure to, in a timely manner, or at all, obtain the required regulatory or other third party approvals for the Arrangement or any ancillary transaction; failure of the parties to otherwise satisfy the conditions to complete the Arrangement; significant transaction costs or unknown liabilities; the risk of litigation or adverse actions or awards that would prevent or hinder the completion of the Arrangement; compliance with all applicable laws and other customary risks associated with transactions of this nature; and general economic conditions. If the Arrangement is not completed, and the Company continues as an independent entity, there are serious risks that the announcement of the Arrangement and the dedication of substantial resources of the Company to the completion of the Arrangement could have an adverse impact on the Company’s business and strategic relationships, operating results and business generally. If the Arrangement is completed, ICC Shareholders will forego any potential future increase in the Company’s value as an independent public company. The Company may, in certain circumstances, also be required to pay a termination fee to Aurora, the result of which could have a material adverse effect on the Company’s financial position, operating results and ability to fund growth prospects. Readers are cautioned that the foregoing list is not exhaustive. Forward-looking statements should be considered carefully and undue reliance should not be placed on them.

Management provides forward-looking statements because it believes they provide useful information to readers when considering their investment objectives and cautions readers that the information may not be appropriate for other purposes. Consequently, all of the forward-looking statements made in this news release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. In particular, there can be no assurance that the Arrangement will be completed. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as expressly required by applicable law.

Categories: State

World Aquatic Health™ Conference Broadens its Reach

Recreation - 8 November 2018 - 11:30am

Environmental Health Key in Charleston, and WAHCity Events Take Conference on the Road

Colorado Springs, Colorado, Nov. 08, 2018 (GLOBE NEWSWIRE) -- The 15th Annual World Aquatic Health™ Conference (WAHC) saw its largest attendance ever this year, attracting nearly 600 aquatic professionals from all over the world to Charleston, South Carolina, and to six WAHCity locations in the U.S. and Canada. Organized by the National Swimming Pool Foundation® (NSPF), this diverse gathering provides an opportunity for environmental health officials, facility managers, pool designers, academics, service professionals, and other industry leaders to collaborate across disciplines, promoting the health benefits of aquatic activity and working to safeguard public health.

For the first time ever, those unable to attend the main conference in Charleston were able to enjoy WAHCity events. Around 200 attendees posted up at one of six WAHCity locations for a lecture track broadcast directly from the main event in Charleston. With the help of NSPF’s partners and sponsors—like the WAHCity: Niagara Falls host Ontario Recreation Facilities Association (ORFA)—these broadcasts allowed the conference to greatly expand its reach and extend a vital conversation. WAHCity events were located at Great Wolf Lodge resorts, all of which provided attendees behind-the-scenes tours of their aquatic facilities.

Attendees in Charleston also enjoyed an Insider’s Tour. A mainstay of the conference, the Insider’s Tour gives aquatics professionals a chance to learn about select aquatic facilities and initiatives in the host city. The highlight of this year’s tour was a presentation from the Charleston County Park & Recreation Commission on their portable pool initiative, which brings both swimming instruction and the pool itself to communities in need.

Offering eight tracks related to public and environmental health, air and water quality, recreational water illnesses, new technology, and facility management, this year’s WAHC presented a wealth of research, as well as an immediate opportunity for participants to engage in discussions with leading professionals. Session topics included interlock safety, national water safety plans, legal issues in aquatics, preventing sexual harassment and predators and facility management and design, and learn to swim initiatives.

Dr. James Amburgey, a water filtration researcher at the University of North Carolina at Charlotte, was a breakaway hit throughout the conference, bringing humor, candor, and urgency to the broader discussion of water filtration and water quality. Dynamic GENESIS faculty Feras Irikat also proved popular presenting WAHC’s new Design & Engineering track. A color psychologist, Irikat’s sessions on color theory and the art of innovation highlighted the diverse industry concerns that have come to typify the audience that gathers for the WAHC. Kerstin Hewitt, an Environmental Health Specialist in California, clarified just how energizing that diverse audience can be: “I always come back with such renewed enthusiasm for the work we and others do in conjunction with recreational water facilities.”

Attendees from the Environmental Health (EH) sector have a growing presence at the WAHC, making up around 17% of all registrants. This year’s EH Symposium, the WAHC’s annual meeting of EH officials from all over the U.S., was a great success. According to NSPF’s Government Affairs Specialist, Susan Wichmann, “By far the most valuable aspects of the Symposium were the networking and learning how different jurisdictions handle similar issues. Given the rise in EH official attendance in the last few years, the value of the Symposium is clear—some have even asked to extend the length of the meeting!”

Emily Tipping, whose annual State of the Industry report for Recreation Management was a frequently cited source this year, had this to say about her experience in Charleston: “The best events give you an opportunity to expand your knowledge as well as your network of peers. In both respects, the WAHC exceeded my expectations. The biggest difficulty I had was choosing which sessions to attend, because there were just so many great topics. And the depth and breadth of information covered in the sessions I did attend was outstanding. Whether you’re new to aquatics or know the ropes well, I have no doubt you’ll learn something new and enjoy meeting new peers in the industry at WAHC.”

The 16th Annual WAHC will be held in Williamsburg, Virginia, October 16–18, 2019. Early registration begins in April 2019. Interested presenters and attendees can learn more at thewahc.org.

About the World Aquatic Health™ Conference
This leading global aquatic research forum is tailored to inform all individuals and groups associated with aquatics: aquatic facilities and water parks, the pool and spa industry, service providers, consultants, parks & recreation representatives, manufacturers, academia, associations, builders, community organizations, distributors, hotels, government, health and medical, retail, and media. Watch the video.

About National Swimming Pool Foundation®
We believe everything we do helps people live happier and healthier lives. Whether it’s encouraging more aquatic activity, making pools safer, or keeping pools open, we believe we can make a difference. Founded in 1965 as a 501(c)(3) non-profit and located in Colorado Springs, Colorado, NSPF proceeds go to fund education, research, and to help create swimmers. The NSPF family includes Genesis and the California Pool & Spa Association. Visit nspf.org or call 719-540-9119 to learn more about the NSPF family of products, programs, and services.

 

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Attachments

CONTACT: CJ Martin National Swimming Pool Foundation 719-540-9119 chris.martin@nspf.org
Categories: State

USMJ and PJET Detail Stock Dividend Plan In Presentation On Cannabis Themed Restaurant and Amazon of Cannabis Business Plans

Recreation - 8 November 2018 - 11:28am

DALLAS, Nov. 08, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Puration, Inc. (USOTC: USMJ) (“USMJ”) today released an online presentation to detail the recently announced spinoff of its AmeriCanna Cafe business in a transaction with Priority Aviation (USOTC: PJET) (“PJET”).  The presentation includes details on AmeriCanna Cafe’s partnership with West Coast Venture Group (OTCQB: WCVC) (“WCVC”) the owner and operator of the $3 million Colorado based Illegal Burger chain.  More information is already available online regarding the related sale of PJET’s Telluride Health Company to Puration, Inc. (USOTC: PURA) (“PURA”) at https://www.purationinc.com/thc.  The online presentation released today is available on the company’s website at https://www.growusmj.com/usmjpjetwcvc-presentation and the narrative from the presentation can be found in its entirety below.

AmeriCanna Cafe Spinoff and Dividend Affected in Transaction With PJET

The spinoff announced today has been affected through the execution of a securities exchange agreement between USMJ and PJET.  USMJ has sold its AmeriCanna Cafe business in exchange for a convertible purchase note issued by PJET.  Neither USMJ nor PJET are executing a reverse split in conjunction with this transaction.  USMJ and PJET do plan to promptly convert the $1.5 million note into a number of common PJET shares sufficient to issue one PJET common share for every fifty shares of USMJ common shares issued and outstanding.  All of the PJET common shares issued in conversion of the purchase note are slated for distributed to USMJ shareholders in a dividend distribution. A dividend declaration announcement is anticipated within the next 30 days.

AmeriCanna Cafe WCVC Partnership and Business Plan

The spinoff is part of a comprehensive strategy to support the AmeriCanna Cafe in expanding and commercializing its cannabis themed restaurant concept.  AmeriCanna Cafe recently announced an agreement with WCVC, the owner and operator of the $3 million Colorado based Illegal Burger chain, to partner in rolling out an AmeriCanna Cafe pilot featuring an AmeriCanna Cafe food truck in pop-up venues near a series of recreational marijuana dispensaries in Colorado.  Next week, PJET and WCVC have planned to initiate a major promotion program to begin advertising in advance of the AmeriCanna Cafe pop-up rollout.

USMJ Ecommerce Business Plan

The USMJ spinoff of the AmeriCanna Cafe also supports USMJ’s strategy to concentrate its resources on the launch of a cannabis sector ecommerce site leveraging the company’s “USMJ” brand. An “Amazon of Cannabis” site is under development and coming soon.  A pre-launch site demonstrating the ecommerce engine capabilities selling EVERx CBD Sports Water produced by USMJ affiliate PURA) is expected later this month.  The pre-launch site is intended to include the capability to accept cryptocurrency payments for EVERx.  USMJ has already singed distribution rights to sell a host of CBD infused products online in addition to selling a variety of cannabis sector related accoutrements.  The site is planned to be launched in time for holiday shopping for the cannabis connoisseur in your life.  

Learn more about USMJ at www.growusmj.com

Learn more about PURA at www.purationinc.com

Learn more about PJET’s THC operation at www.telluridehealthcompany.com

Learn more about West Coast Venture Group and Illegal Burger at
https://www.westcoastventuresgroupcorp.com/
https://www.illegalburger.com/

Disclaimer/Safe Harbor: 

This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease. 

Steven Rash
CEO North American Cannabis Holdings, Inc.
info@aciconglomerated.com
+1-800-861-1350

Categories: State

Federal Home Loan Bank of Atlanta Awards over $25 Million for Affordable Housing Development

Banking - 8 November 2018 - 11:24am

Funding will Create, Improve, or Preserve 4,239 Affordable Rental and Homeownership Units

ATLANTA, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (the Bank) announced today that it has awarded $25,592,918 million to assist in the funding of 62 affordable housing projects in 17 states as part of its 2018 Affordable Housing Program (AHP). The projects represent $856,920,540 in total housing development. For every $1 dollar in AHP funding, another $32 dollars of financing was leveraged under the FHLBank Atlanta 2018 AHP.

Local for-profit and nonprofit developers, in partnership with FHLBank Atlanta member financial institutions, will use $19.4 million of AHP funds to assist in the acquisition, new construction, rehabilitation, or preservation of 3,166 affordable rental and homeownership units in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, and Virginia. Developers with projects in states outside of the Bank’s district, including Colorado, Connecticut, Delaware, Illinois, Louisiana, Massachusetts, Mississippi, Pennsylvania, Tennessee, and Texas, will receive more than $6.1 million in AHP funding to develop 1,073 housing units. For the complete list of winners, click here.

“The Affordable Housing Program has had a long track record of success providing access to safe and affordable housing for low- and moderate-income families,” said Robert Dozier, FHLBank Atlanta Executive Vice President and Chief Business Officer. “It is an effective way for our member financial institutions to partner with developers and community groups to not only provide affordable housing, but to also help create job opportunities and boost economic development in the communities they serve every day.”

FHLBank Atlanta awards AHP funds annually through a competitive application process. Since 1990, FHLBank Atlanta has awarded more than $760 million in AHP Competitive grants, providing more than 120,000 housing opportunities for moderate, low-, and very low-income households. Applications for the 2019 AHP funding round will be accepted beginning June 2019. Potential applicants must work with an FHLBank Atlanta member financial institution to complete the AHP Competitive program application. A list of member financial institutions is available on the FHLBank Atlanta website at www.fhlbatl.com.

FHLBank Atlanta’s AHP awards range from $57,000 to $500,000 per project and will be made in the following states:

StateRental UnitsOwner UnitsAHP FundsTotal DevelopmentAlabama3077$2,065,450$64,267,531Florida24251$1,538,000$43,513,995Georgia524--$1,928,327$71,718,846Maryland329--$1,950,000$82,365,879North Carolina484--$3,390,000$70,812,248South Carolina90--$500,000$17,208,346Virginia1,11715$8,068,741$282,884,279Out of District1,073--$6,152,400$224,149,416

About the Federal Home Loan Bank of Atlanta
FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank's members—its shareholders and customers—-are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $5.8 billion in Affordable Housing Program funds, assisting more than 865,000 households.

For more information, visit our website at www.fhlbatl.com.

CONTACT: Peter E. Garuccio
Federal Home Loan Bank of Atlanta
pgaruccio@fhlbatl.com
404.888.8143

Categories: State

$2.5 Billion Tumbler with Lid Market: Trends, Forecast and Competitive Analysis 2012-2017 & 2018-2023

Recreation - 8 November 2018 - 10:57am

Dublin, Nov. 08, 2018 (GLOBE NEWSWIRE) -- The "Tumbler with Lid Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The global tumbler with lid market is expected to reach an estimated $2.5 billion by 2023 with a CAGR of 6.8% from 2018 to 2023.

The future of the global tumbler with lid market looks attractive with opportunities in outdoor activities such as camping, hiking, fitness, and travel. The major growth drivers for this market are increase in outdoor recreational activities, demand for attractive drinkware products, and increasing use of promotional tumblers as a corporate or personal gift with customized prints, logos, and messages.

Emerging trends, which have a direct impact on the dynamics of the tumbler with lid market, include introduction of vacuum sealing and coating technology and increasing demand for temperature retention tumblers.

Some of the tumblers with lid companies profiled in this report include Newell Brands, Tupperware Brands, Yeti Holding, Xiamen Xaoyuren Home Appliance and Technology Co., Thermos, Tervis Tumbler, Hydro Flask, and Tritan USA and others.

On the basis of comprehensive research, the researcher forecasts that the stainless steel tumbler is expected to remain the largest segment and also witness the highest growth over the forecast period due to exceptional temperature retention properties, durability, and superior toughness.

Within the global tumbler with lid market, the sports and outdoor activities segment will remain the largest and also witness the highest growth during the forecast period due to increasing spending in outdoor recreational activities and growing demand for ultra-lightweight, fashionable, one-handed beverage containers.

North America is expected to remain the largest market and also witness the highest growth over the forecast period due to increasing camping, hiking, and other outdoor recreational activities.

Some of the features of Tumbler with Lid Market Report: Trends, Forecast and Competitive Analysis include:

  • Market size estimates: Global tumbler with lid market size estimation in terms of value ($M) and volume (Million Units) shipment.
  • Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by application, and end use industry.
  • Segmentation analysis: Global tumbler with lid market size by various applications such as material, product, application, and storage capacity in terms of value and volume shipment.
  • Regional analysis: Global tumbler with lid market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions of tumbler with lid in the global tumbler with lid market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of tumbler with lid in the global tumbler with lid market.
  • Analysis of competitive intensity of the industry based on Porter's Five Forces model.

Key Topics Covered:

1. Executive Summary

2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2012 to 2023
3.1: Macroeconomic Trends and Forecast
3.2: Global Tumbler Market Trends and Forecast
3.3: Global Tumbler Market by Material
3.3.1: Stainless Steel
3.3.2: Plastic
3.3.3: Glass and Others
3.4: Global Tumbler Market by Product
3.4.1: Insulated Tumblers
3.4.2: Regular Tumblers
3.5: Global Tumbler Market by Application
3.5.1: Sports and Outdoor Activities
3.5.2: Everyday
3.5.3: Others
3.6: Global Tumbler Market by Capacity
3.6.1: Up to 12 Ounces
3.6.2: 12 to 20 Ounces
3.6.3: 20 to 30 Ounces
3.6.4: Above 30 Ounces

4. Market Trends and Forecast Analysis by Region
4.1: Global Tumbler Market by Region
4.2: North American Tumbler Market
4.3: European Tumbler
4.4: APAC Tumbler
4.5: ROW Tumbler Market

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Tumbler Market by Material
6.1.2: Growth Opportunities for the Global Tumbler Market by Product
6.1.3: Growth Opportunities for the Global Tumbler Market by Application
6.1.4: Growth Opportunities for the Global Tumbler Market by Capacity
6.2: Emerging Trends in the US Tumbler Market
6.3: Strategic Analysis
6.3.1: New Products Development
6.3.2: Mergers, Acquisitions, and Joint Ventures in the Global Tumbler Market
6.3.3: Capacity Expansion of the Global Tumbler Market

7. Company Profiles of Leading Players
7.1: Yeti Holdings Inc.
7.2: Tervis Tumblers
7.3: Tupperware Brands Corporation
7.4: Thermos LLC.
7.5: CamelBak Products LLC
7.6: Newell Brands Inc.
7.7: Xiamen Xiaoyuren Home Appliance and Technology Co. Ltd
7.8: RTIC
7.9: Tritan USA
7.10: Helen of Troy Limited
7.11: S'well
7.12: ORCA Cooler, LLC
7.13: Go PAK UK Ltd.
7.14: EE-LIAN ENTERPRISE (M) SDN. BHD.
7.15: Lock & Lock Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/jmnlps/2_5_billion?w=12

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Household
Categories: State

The Future of Beverages in the Cannabis Sector: Sproutly (CSE: SPR) (OTCQB: SRUTF), Hexo Corp., The Green Organic Dutchman Ltd.

Recreation - 8 November 2018 - 10:00am

POINT ROBERTS, Wash., Nov. 08, 2018 (GLOBE NEWSWIRE) -- Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks releases a sector snapshot with a focus on the growing interest in cannabis infused beverages and water soluble cannabis solutions.

Cannabis may have been federally legalized for recreational use in Canada this fall but many cannabis companies are looking a year into the future at the next big step in the market; October 17th of 2019 when edibles, oils and infused beverage products can join the Canadian recreational market.

How big is the opportunity?  A recent Business Insider news article reported, “The marijuana-infused beverages could become a $600 million market in the US in the next four years. Canaccord estimates CBD beverages will become a $260 million market by 2022, and THC-infused beverages a $340 million market.”

Sproutly Canada, Inc. (CSE: SPR), (OTC: SRUTF) is looking to capitalize on this opportunity, announcing today that it has completed the development and formulation of an initial portfolio of functional beverages with its proprietary naturally water soluble cannabinoids (“Infuz2O”).

From the news: “The beverages combine recently licensed rights for the proprietary water soluble mineral platform (“MiST Platform”) with Infuz20. The initial portfolio consists of three separate cannabis / hemp infused beverages that provide the following functions: a) Focused Energy; b) Stress relief and Relaxation; and, c) Restful sleep support.”

“The Company is currently in the midst of medicinal and adult-use brand development, including its functional beverage line. The initial beverages will be ready for consumers if and when Health Canada allows consumer beverage products to be legal for sale.”

From the news: “The focus of the Company has been to develop beverages that will distinguish our functional beverages from cannabis/ hemp beverages developed by our competitors. Our competitive advantage is to leverage the suite of proprietary water soluble technologies we have acquired, and create a line of consumer products that taste great and have a functional purpose”, said Keith Dolo, Chief Executive Officer. “Our beverages not only cater to the emerging cannabis market but also to the large, functional beverage market that exists today”, he added.

Sproutly went on to say, “The functional beverage category is increasingly becoming the popular choice among consumers who are seeking low-calorie, nutrient-dense options as a healthy alternative to traditional beverages. The global functional beverage market is expected to grow at a CAGR of 6.1% to US$93.68 billion by 2019, according to a new study by Grand View Research, Inc. Cannabis in its own right has a long history of being used as a way for users to address wellness and lifestyle needs. Sproutly’s functional beverage formulations address major and growing consumer health and wellness needs for the modern lifestyle.”

Looking at competitors, big players are following the money in this sector.  On October 1st another cannabis beverage announcement came from Molson Coors Canada, the Canadian business unit of Molson Coors Brewing Company, and HEXO Corp. (TSX: HEXO, OTC:HYYDF)  regarding the closing of the transaction announced on August 1, 2018, to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization.  The joint venture, Truss, will be led by former Molson Coors executive, Brett Vye, in the role of Chief Executive Officer.

Vye said, "When consumable cannabis is legalized in Canada, Truss will be ready to make its mark as a responsible leader in providing high-quality beverages for the Canadian consumer.”

A Business Insider article last week reported that CEO of Molson Coors, Mark Hunter said “The cannabis market could total $7 billion to $10 billion in Canada alone, of which nonalcoholic cannabis-infused beverages could account for as much as $3 billion, or 30% of the total market.”
                                               
Sproutly Canada, Inc. has been setting up to enter the beverage space previous to today’s news with the company announcing in August that it had completed the acquisition of all of the issued and outstanding shares of Infusion Biosciences Canada Inc. and SSM Partners Inc.

From the news: “We are extremely excited to finalize this Acquisition, enabling Sproutly to commercialize the APP Technology in major regulated markets around the world with innovative cannabis products that target the $50+ billion bottled water and functional beverage market with naturally water soluble molecules from cannabis and hemp”, commented Keith Dolo, Chief Executive Officer of Sproutly.”

What separates Sproutly and Infusion Biosciences from other cannabis beverage technologies? In a phrase; water oluble, as referenced in today’s news by Keith Dolo, CEO.  

This may put Sproutly in a league of their own with regards to their technology but other cannabis companies have been eyeing the beverage sector of the market.  But as Dole noted, he is confident he can separate his company from the pack.

Not to be left out, The Green Organic Dutchman Holdings Ltd.  (TSX: TGOD), (OTC: TGODF) also entered the space announcing, back in June of this year, the launch of a global division focused on the beverage industry.

From the news: “The Green Organic Dutchman Beverage Division will utilize its experience to provide a strategic pathway into the cannabis market for large-scale beverage companies by way of direct investment, joint venture or other suitable opportunities.”

Continued: “The focus will be to create industry-leading branded products, and to supply organic base ingredients for use in global beverage brands. Similarities between the cannabis sector, beverage, beverage alcohol and consumer packaged goods industries are apparent. “

As the cannabis market continues its growth curve and legalization allows for more cannabis alternatives, cannabis infused beverages will dramatically change and increase the size of the beverage market of the future.

Technology is key to who gets market share, making it an interesting race for investors to watch. 

Investor Ideas stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana/Hemp Stocks

About Investorideas.com - News that Inspires Big Investing Ideas
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Categories: State

Old National joins movement to educate consumers on fraud

Banking - 8 November 2018 - 9:00am
  • International Fraud Awareness Week is Nov. 11 – 17
  • Old National offers experts and resources on fraud awareness

EVANSVILLE, Ind., Nov. 08, 2018 (GLOBE NEWSWIRE) --  Old National Bank is joining companies throughout the world to help educate and raise awareness about fraud during International Fraud Awareness Week (Nov. 11-17).  Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE).

Old National Bank joins hundreds of organizations who have partnered with the ACFE, the world's largest anti-fraud organization and premier provider of anti-fraud training and education, for the yearly Fraud Week campaign.

Old National is pleased to provide its fraud subject matter experts for interview opportunities about fraud awareness and how to protect yourself.  These experts include:

  • Eric Williams, Security Director, Old National Bank and former Vanderburgh County Sheriff
  • Candice Rickard, Chief Risk Officer, Old National Bank
  • Ben Joergens, Financial Empowerment Officer, Old National Bank

Please contact Kathy Schoettlin at 812-465-7269 to schedule an interview.

In addition, Old National has the following short videos on fraud awareness available on its YouTube channel:

Visit https://www.oldnational.com/security for more information and resources on fraud awareness.

“Fraud results in billions of dollars lost every year and reducing that loss and the number of victims is a priority for Old National.  That’s why we partner with law enforcement and other agencies to help educate and protect our clients and communities from this increasing crime,” said Candice Rickard, Old National Bank Chief Risk Officer.

ACFE CEO and President Bruce Dorris, J.D., CFE, CPA, said that the support of organizations around the world helps make Fraud Week an effective tool in raising anti-fraud awareness.

“The latest statistics tell us that fraud isn’t going away, and companies that don’t have protective measures in place stand to lose the most,” Dorris said. “That’s why it is reassuring to me to see so many businesses, agencies, universities and other organizations involved in the Fraud Week movement. The first step in combating fraud is raising awareness worldwide that it is a serious problem that requires a proactive approach toward preventing it.”

“Since our first Fraud Week almost 20 years ago, the movement continues to grow,” Dorris said. “I heartily thank all of the supporters of Fraud Week for making it what it is today.”

For more information about increasing awareness and reducing the risk of fraud during International Fraud Awareness Week, visit FraudWeek.com.

About Old National
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. Headquartered in Evansville with $17.5 billion in assets, it is a top 100 U.S. bank, the largest Indiana-based bank and has been recognized as a World’s Most Ethical Company by the Ethisphere Institute for seven consecutive years. For nearly 185 years, Old National has been a community bank committed to building long-term, highly valued relationships with clients. With locations in Indiana, Kentucky, Michigan, Minnesota and Wisconsin, Old National provides retail and commercial banking services along with comprehensive wealth management, investment and capital markets services. For information and financial data, please visit Investor Relations at oldnational.com.

About the Association of Certified Fraud Examiners
Based in Austin, Texas, the ACFE is the world's largest anti-fraud organization and premier provider of anti-fraud training and education. Together with nearly 85,000 members, the ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession. For more information, visit ACFE.com.

Old National Contact:
Media Relations
Kathy A. Schoettlin (812) 465-7269

Categories: State

Ottawa Bancorp, Inc. approves Stock Repurchase Program

Banking - 7 November 2018 - 5:56pm

FOR IMMEDIATE RELEASE

Ottawa, Illinois, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (NasdaqCM: OTTW) (the “Company”), the holding company for Ottawa Savings Bank, FSB (the “Bank”), announced today that it has approved a stock repurchase program authorizing the purchase of 337,440 shares, representing 10% of the Company’s outstanding shares of common stock.  As of September 30, 2018, the Company had repurchased a total of 100,235 shares of its common stock at an average price of $14.08 per share as part of its previously approved stock repurchase program, which will expire on November 15, 2018.  Repurchases will be conducted through open market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions.  Repurchases will be made from time to time depending on market conditions and other factors. 

Ottawa Bancorp, Inc. is the holding company for Ottawa Savings Bank, FSB which provides various financial services to individual and corporate customers in the United States. The Bank offers various deposit accounts, including checking, money market, regular savings, club savings, certificate, and various retirement accounts. Its loan portfolio includes one-to-four family residential mortgage, multi-family and non-residential real estate, commercial, and construction loans as well as auto loans and home equity lines of credit. Ottawa Savings Bank, FSB was founded in 1871 and is headquartered in Ottawa, Illinois. For more information about the Company and the Bank, please visit www.ottawasavings.com.

The foregoing material may contain forward-looking statements concerning the financial condition, results of operations and business of the Company.  We caution that such statements are subject to a number of uncertainties and actual results could differ materially and, therefore, readers should not place undue reliance on any forward-looking statements.  The Company does not undertake, and specifically disclaims, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

CONTACT: Contact: Jon Kranov President and Chief Executive Officer (815) 366-5436
Categories: State

Hawthorn Bancshares Announces Cash Dividend

Banking - 7 November 2018 - 3:50pm

JEFFERSON CITY, Mo., Nov. 07, 2018 (GLOBE NEWSWIRE) -- Hawthorn Bancshares of Jefferson City, MO (NASDAQ: HWBK) announced today that its Board of Directors approved a quarterly cash dividend of $0.10 per share, payable January 1, 2019 to shareholders of record at the close of business on December 15, 2018. The current cash dividend rate is consistent with the prior quarter.

About Hawthorn Bancshares

Hawthorn Bancshares, Inc., a financial-bank holding company headquartered in Jefferson City, Missouri, is the parent company of Hawthorn Bank of Jefferson City, Missouri with locations in the Missouri communities of Lee's Summit, Liberty, Springfield, Branson, Independence, Columbia, Clinton, Osceola, Warsaw, Belton, Drexel, Harrisonville, California and St. Robert, Missouri.

Statements made in this press release that suggest Hawthorn Bancshares' or management's intentions, hopes, beliefs, expectations, or predictions of the future include "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended.  It is important to note that actual results could differ materially from those projected in such forward-looking statements.  Additional information concerning factors that could cause actual results to differ materially from those projected in such forward-looking statements is contained from time to time in the company's quarterly and annual reports filed with the Securities and Exchange Commission.

Contact:       Bruce Phelps
                   Chief Financial Officer
                   TEL: 573.761.6100   FAX: 573.761.6272
                   www.HawthornBancshares.com

Categories: State

Live Oak Bank Named USDA Lender of the Year

Banking - 7 November 2018 - 11:00am

WILMINGTON, N.C., Nov. 07, 2018 (GLOBE NEWSWIRE) -- Live Oak Bank has been named the 2018 Lender of the Year by the U.S. Department of Agriculture’s Rural Business and Cooperative Service.  

Live Oak was presented the award Oct. 24 for being the highest volume lender nationwide for USDA’s Rural Business-Cooperative loan guarantee programs encompassing the Rural Energy for American Program (REAP) and the Business & Industry (B&I) loan program.

The award was presented by USDA Rural Business-Cooperative Service Administrator Bette Brand at the National Rural Lender’s Association Conference in Washington, D.C.

“Live Oak Bank is proud to serve American small business owners who are vital to our country’s economy,” said Jordan Blanchard, general manager of Live Oak’s energy and environmental lending team. “The REAP and B&I programs are important means for getting capital into the hands of companies that are increasing our country’s energy independence while bolstering job opportunities in rural America.”

To learn more about Live Oak’s energy and environmental lending services, visit www.liveoakbank.com/renewable.

About Live Oak Bank
Live Oak Bank, a subsidiary of Live Oak Bancshares, Inc. (Nasdaq: LOB), is a digitally focused, FDIC-insured bank serving customers across the country. Live Oak brings efficiency and excellence to the banking process, without branches, by using a focused approach to technology and innovation. To learn more, visit www.liveoakbank.com.

Contact:
Claire Parker, Senior Public Relations Manager
910.597.1592
claire.parker@liveoak.bank

Categories: State

Mountain America Credit Union Awards PTA Grants to Support Classroom Education

Banking - 6 November 2018 - 7:10pm

SANDY, Utah, Nov. 06, 2018 (GLOBE NEWSWIRE) -- Mountain America Credit Union is proud to announce it has awarded ten grants to teachers and PTA leaders of K-12 classrooms in Utah and Idaho. Up to $1,500 was awarded to each grant winner. To be eligible for the Mountain America Credit Union PTA Grants, recipients had to be members of both Mountain America and their local PTA.

The funds will be used for a wide variety of classroom purposes, including a school-wide art program, robotic kits, science lab, musical instruments, reading programs, and flexible seating equipment. This year’s recipients are Sara Alzheimer, Maple Grove Elementary; Jessica Payne, Windridge Elementary; Emily Tanner, Crestview Elementary; Tiffany Lemos, Chubbuck Elementary; Joel Bennett, Spring Lake Elementary; Andrea Griggs, McMillan Elementary; Keri Reynolds, Whitesides Elementary; Amy Wittwer, South Elementary; Kori Hales, Moroni Elementary; Katie Rogers, Thunder Ridge Elementary.

“Mountain America is honored to enhance classroom education by providing additional funding for learning-based equipment and projects,” says Spencer Carver, assistant vice president of SEG development at Mountain America Credit Union. “Education provides the foundation to help individuals reach their potential and ensures a strong community.”

Mountain America will again be accepting applications in Spring 2019. Further details can be found at https://www.macu.com/pta.

About Mountain America Credit Union
With more than 780,000 members and $8 billion in assets, Mountain America Credit Union assists members on the right path to help them identify and achieve their financial dreams. Mountain America provides consumers and businesses with a variety of convenient, flexible products and services, as well as sound, timely advice. Members enjoy access to secure, cutting-edge mobile banking technology, over 90 branches across five states, thousands of shared-branching locations nationwide and more than 50,000 surcharge-free ATMs. Mountain America—safely guiding you forward along your financial journey. Learn more at macu.com.

CONTACT: Media Contact: Tony Rasmussen 801-325-6430 trasmussen@macu.com

Categories: State

Logix Federal Credit Union Board Names Ana Fonseca as New President and CEO

Banking - 6 November 2018 - 12:12pm

BURBANK, Calif., Nov. 06, 2018 (GLOBE NEWSWIRE) -- Logix Federal Credit Union announced today that its Board of Directors has chosen Ana Fonseca as the Credit Union’s next President and CEO. Fonseca, who currently serves as LFCU’s Executive Vice President and Chief Operating Officer, will succeed Dave Styler, the company’s current President and CEO, on December 31, 2018.

“Ana is abundantly qualified for the Logix CEO position,” Styler said. “With more than 30 years of financial services experience, including her current role as COO, and a long tenure as our CFO, Ana has worked closely with every part of our company,” he added. “With Ana at the helm, coupled with a strong leadership team, and a terrific staff, I am very confident that Logix will continue to be an industry leader in financial and operational performance, as well as service reputation.”

Fonseca holds a bachelor’s degree from University of Phoenix, a master’s degree in Business Administration from Pepperdine University, and she completed the Executive Leadership Program at Stanford University. Her leadership experience ranges from Accounting, Finance, Facilities, Security, Fraud Risk Management, Lending, Sales, and Branch Operations, and she is an active participant in development and execution of the Logix strategy. 

“I started my career with Lockheed in 1986 and the journey has been incredibly rewarding. I look forward to this leadership role and continuing to champion our culture and core values,” Fonseca said. “After working at Logix for more than 26 years, my goal is to maintain our culture of service and success, providing our members with the best possible combination of financial value, service experience, and convenient access through technology.”

About Logix
Chartered in 1937, Logix Federal Credit Union offers a full menu of financial services, and surcharge-free access to 35,000 ATMs nationwide. Logix Federal Credit Union is rated “superior” for financial strength, and is the largest credit union headquartered in Los Angeles County, with more than 190,000 members and nearly $6 billion in assets. Logix operates 15 branches in Los Angeles and Ventura counties.

This year, Logix Federal Credit Union was named the best credit union in California by Forbes and the best credit union by readers of the Santa Clarita Valley’s “The Signal” for 13 consecutive years. In 2015, the credit union was named one of Los Angeles Business Journal’s best places to work. Savings are federally insured by the National Credit Union Administration, a U.S. Government Agency. Logix is an equal housing lender. For more information, visit www.lfcu.com.

CONTACT: Media Contact: Alethia Calagias 818.565.2520 acalagias@lfcu.com

Categories: State

Pacific Mercantile Bank Provides Financing for Expansion of MonkeySports Capital

Banking - 6 November 2018 - 8:00am

COSTA MESA, Calif., Nov. 06, 2018 (GLOBE NEWSWIRE) -- Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ:PMBC), today announced that it has provided a $7.8 million owner-occupied commercial real estate loan to finance the expansion of MonkeySports Capital, a sporting goods retailer.  In addition to the financing, MonkeySports utilizes Pacific Mercantile Bank’s depository products and treasury management services. 

MonkeySports is a leading retailer of ice hockey, lacrosse, baseball and softball equipment.  MonkeySports operates 11 retail stores in California, Texas, New Jersey, Massachusetts, Colorado, New Hampshire, Sweden and Canada.  The company also runs six online stores, including its flagship site www.hockeymonkey.com, the largest e-commerce hockey site as measured by traffic, product offering and sales.  Founded in 1999, the company has leveraged its reputation as a premier provider of hockey equipment to steadily expand into additional sports.

“We are seeing attractive opportunities to expand the MonkeySports brand both nationally and internationally,” said John Naaman, CEO of MonkeySports.  “The financing provided by Pacific Mercantile Bank will enable us to expand our warehouse and increase our presence in the Northeastern United States and Canada, two of the largest markets for hockey and lacrosse equipment sales.  We spoke with a number of banks and Pacific Mercantile demonstrated the strongest understanding of our cash flow cycle, and provided us with flexible and timely solutions.  They made the process of obtaining financing very simple so that we could devote more of our attention to operating the business and moving ahead with our growth strategies.”

“MonkeySports has grown from one small hockey equipment store in 1999 to a burgeoning international omni-channel franchise,” said Jim Roby, Senior Vice President at Pacific Mercantile Bank.  “We are excited to work with the company and support the continued growth of the MonkeySports brand.”

For more information about Pacific Mercantile Bank and its commitment to helping companies succeed, visit www.pmbank.com.

About Pacific Mercantile Bank

Pacific Mercantile Bancorp (NASDAQ:PMBC) is the parent holding company of Pacific Mercantile Bank, which opened for business March 1, 1999. The Bank, which is an FDIC insured, California state-chartered bank and a member of the Federal Reserve System, provides a wide range of commercial banking services to businesses, business professionals and individual clients. The Bank is headquartered in Orange County and has seven locations in Southern California, located in Orange, Los Angeles, San Diego, and San Bernardino counties. The Bank offers tailored flexible solutions for its clients including an array of loan and deposit products, sophisticated treasury management services, and comprehensive online banking services accessible at www.pmbank.com.

Forward-Looking Information

This news release contains statements regarding our expectations, beliefs and views about our plans to continue to build our loan portfolio and supporting systems and processes.  These statements, which constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, can be identified by the fact that they do not relate strictly to historical or current facts. Often, they include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." These forward-looking statements are subject to numerous risks and uncertainties. Actual results may differ materially from the results discussed in these forward-looking statements because such statements are inherently subject to significant assumptions, risks and uncertainties, many of which are difficult to predict and are generally beyond our control. These risks and uncertainties include, but are not limited to, the following: the impact of interest rates and other external economic factors and competition among financial services providers. We undertake no obligation (and expressly disclaim any such obligation) to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. For additional information concerning factors that could cause actual conditions, events or results to materially differ from those described in the forward-looking statements, please refer to the factors set forth under the headings "Risk Factors" in our most recent Form 10-K and 10-Q reports and to our most recent Form 8-K reports, which are available online at www.sec.gov. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on our results of operations or financial condition.

Pacific Mercantile Bank Contact:
Robert Anderson
EVP & Chief Banking Officer
714-438-2500

Categories: State

Seacoast Commerce Bank Announces the Hiring of Eric LaPrad SVP and SBA Business Development Officer, Columbus, OH

Banking - 5 November 2018 - 9:00am

SAN DIEGO, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Seacoast Commerce Bank, a wholly-owned subsidiary of Seacoast Commerce Banc Holdings (OTC Pink: SCBH) today announced the hiring of Eric LaPrad as Senior Vice President and Small Business Administration (“SBA”) Business Development Officer. Mr. LaPrad will be located in Columbus, Ohio.  He brings proven success in SBA production, specifically in the dental and medical industries, to Seacoast's already "best in class" SBA Division and will be helping medical professionals facilitate the acquisition, development, and refinance of their commercial real estate properties.  

Mr. LaPrad has over 14+ years of banking experience with regional and national lenders and establishing his own consulting firm serving dentists.  He began his career in banking in 2004 with MBNA Practice Solutions after attending Ohio State University.  Mr. LaPrad went on to work for Bank of America for 12 years, serving in several roles after the bank bought MBNA.  Over the years, he has managed BofA’s Practice Finance Commercial Real Estate department, created and managed their Practice Banking/Client Manager department, and served as a Regional Sales Manager (RSM) responsible for managing a multi state region in the Midwest/Mid Atlantic.  During his time as an RSM, he set up over 500 dental offices and grew the Mid South territory to one of the top performing regions in the group. 

After leaving BofA, Mr. LaPrad started his own financial consulting firm providing dentists with tailored financial solutions for commercial real estate; purchase, refinance & construction; 1st time practice owner financing; practice sale and acquisitions; equipment loans; and working capital.  He positioned his firm for success, establishing a nationwide network of referral sources solely dedicated to the dental industry, signing over 56 formal referral agreements with national and regional SBA lenders and culminating in a sale of his firm earlier this year.

“Eric is an outstanding addition to our SBA Team.  We are very excited to have his deep and varied experience as we look to expand our business in the dental and medical industries and are confident that his skills, expertise and consultative approach to helping our medical professional clients pursue their dreams of growing their practices and owning their facilities will resonate positively with our clients,” stated Don Mercer, Executive Vice President, SBA National Sales Manager.  Eric can be reached by email at elaprad@sccombank.com or at (484) 506-1490.

About Seacoast Commerce Banc Holdings: Seacoast Commerce Banc Holdings is a bank holding company with one wholly-owned banking subsidiary, Seacoast Commerce Bank, which also operates as Capital Bank, a division of Seacoast Commerce Bank.  Both the holding company and the bank are headquartered in San Diego, California, with the Bank having four full-service banking branches in San Diego and Orange County, California, and loan and deposit production offices throughout Arizona, California, Colorado, Georgia, Illinois, Ohio, Oregon, Massachusetts, Minnesota, Missouri, Nevada, Texas, Utah and Washington. 

For more information on Seacoast Commerce Banc Holdings, please visit www.scbholdings.com; to learn more about Seacoast Commerce Bank, visit www.sccombank.com, or contact Richard M. Sanborn, President and Chief Executive Officer at (858) 432-7001.

For more information on Seacoast Commerce Bank’s SBA lending platform, please contact David H. Bartram, Senior Executive Vice President, Chief Operating Officer, and SBA Division Manager at (858) 432-7002. 

Certain statements in this press release, including statements regarding the anticipated development and expansion of the 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 and regulatory matters.

Categories: State

First Horizon Announces Leadership Appointments to Advance Strategic Objectives

Banking - 1 November 2018 - 5:41pm

Realigns Leadership Structure in Consumer and Wholesale Banking to Drive Enhanced Customer Experience and Operational Excellence

MEMPHIS, Tenn., Nov. 01, 2018 (GLOBE NEWSWIRE) -- First Horizon National Corporation (NYSE:FHN) today announced executive leadership appointments and a realignment of its consumer and wholesale banking segments to advance its long-term strategic objectives. The realignment is effective immediately and includes the following appointments:

Todd Jones, previously managing director and group head of franchise finance, has been appointed as executive vice president of wholesale banking and will report directly to David Popwell, president of banking for First Horizon. In this newly created role, Jones will be responsible for serving commercial and business banking customers with oversight of treasury management, commercial real estate, corporate finance, syndications and the specialty lending areas. Additionally, Jones will also serve as a member of First Horizon’s executive management committee.

Tammy LoCascio, executive vice president of consumer banking, will expand her role to include leadership responsibility for mortgage and consumer loan delivery, consumer products and business analytics. Prior to this announcement, LoCascio led retail, private client, wealth management, small business, mortgage and consumer loan delivery, call centers, consumer products and business analytics. Her expanded responsibilities are in addition to these areas of consumer banking. LoCascio will continue to report directly to David Popwell and serve as a member of the executive management committee.

“As we continue to successfully execute on our strategic priorities and drive growth, First Horizon is committed to ensuring our leadership and structure advances our objectives,” said David Popwell, president of banking for First Horizon. “These appointments and realignment streamline decision-making and position the bank to continue delivering operational excellence while enhancing the customer experience. Tammy and Todd bring incredible leadership, as well as enterprise expertise to the roles, having successfully guided the growth of our retail banking and franchise finance businesses. We are confident they will continue our momentum in consumer and wholesale banking and their new roles reflect the advancements we are driving across our organization.”

About Todd Jones

Jones brings more than 22 years of experience in the financial services industry. He joined First Horizon in 2016 to lead a newly created franchise finance vertical following the acquisition of a restaurant loan portfolio from a leading sector lender. Under his leadership, the franchise finance team has been established as one of the premier firms in their sector, growing customers and commitments. He has been frequently featured as a keynote speaker at various restaurant industry and individual brand events.

Before joining First Horizon, Jones spent 16 years in various capacities at GE Capital. His experience includes roles of increasing responsibility in capital markets, sales, and marketing. He earned a bachelor’s degree in business with a major in accounting from the Carlson School of Management at the University of Minnesota. Jones is active in the community with Junior Achievement of Arizona and serves on the Board of Governors for the Boys & Girls Clubs of Greater Scottsdale.

About Tammy LoCascio

LoCascio has served as executive vice president of consumer banking of First Horizon, delivered a strategy that transformed the consumer organization and doubled profitability twice in the last six years. Previously, LoCascio led First Horizon’s retail line of business working with the markets across the company to provide strategic direction as well as sales and operational support.

Prior to joining First Horizon, she held several retail banking executive leadership roles including mid-south region chief administrative officer at Regions Bank, director of retail banking at Union Planters Bank and training director and retail executive at National City Bank. LoCascio earned a bachelor’s degree in marketing and business administration from the University of Florida. She was honored as one of Memphis’ most influential women in business by the Memphis Business Journal, receiving the 2018 Super Women in Business Award.

About First Horizon
First Horizon National Corp. (NYSE:FHN) provides financial services through its First Tennessee, Capital Bank, FTB Advisors, and FTN Financial businesses. First Horizon operates approximately 300 bank locations across the southern U.S. and 28 FTN Financial offices across the entire U.S.  Our banking subsidiary was founded in 1864 and has the 14th oldest national bank charter in the country. Our First Tennessee and Capital Bank brands have the largest deposit market share in Tennessee and one of the highest customer retention rates of any bank in the country. We have been ranked by American Banker as No. 5 among the Top 10 Most Reputable U.S. Banks. Our FTB Advisors wealth management group has more than 300 financial professionals and provides services to about $4.8 billion in assets under management.  FTN Financial is a capital markets industry leader in fixed income sales, trading and strategies for institutional customers in the U.S. and abroad. We have been recognized as one of the nation’s best employers by Working Mother and American Banker magazines and the National Association for Female Executives. More information is available at www.FirstHorizon.com.

FHN-G
CONTACT:
First Horizon Media Relations, Silvia Alvarez, (901) 523-4465
First Horizon Investor Relations, Aarti Bowman, (901) 523-4017

Categories: State

Sound Community Bank CEO Laurie Stewart Elected to American Bankers Association Officer Position

Banking - 1 November 2018 - 3:34pm

SEATTLE, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Laurie Stewart, President and CEO of Sound Community Bank, advanced from Vice Chair to Chair Elect on the American Bankers Association (ABA) slate of officers.  The formal recognition took place at the ABA Annual Convention in New York City mid-October.  This is the second year of a three year term.  In 2019, the position advances from Chairman-Elect to Chairman.

“I am honored to help lead the ABA Board of Directors,” said Stewart.  “The evolution of the banking industry signals the importance of collaboration, good public policy, and ensuring a positive impact.  I plan to advocate for the industry with these ideals in mind.”

“We’re grateful that the nominating committee delivered such a terrific slate of officers for the coming year,” said ABA President and CEO Rob Nichols. “These passionate industry leaders dedicate a tremendous amount of their time to represent America’s banks before Congress, regulatory agencies and across the globe.  We appreciate their expertise, leadership and dedication to our industry.”

ABA represents banks of all sizes and charters and is the voice for the nation’s $17 trillion banking industry and its 2 million employees, safeguarding more than $13 trillion in deposits and extending more than $9 trillion in loans.  The association provides educational benefits and programs for its members, represents the industry in Washington DC, and speaks on behalf of the industry in the press.

Stewart celebrates 29 years with Sound Community Bank in December.  In these years, Stewart led the conversion of the organization from a $38 million dollar credit union to a $715 million publicly traded commercial bank.  She has a long history in community banking and participation in industry affairs.  Recognized by American Banker as one of the Most Powerful Women in Banking in 2011, 2015, 2017 and once again in 2018, she served as Chair of the Board of Directors of the Washington Bankers Association (WBA) and is incoming Chair of the Board of Directors for the National Arthritis Foundation.  Stewart is a frequent speaker at conferences and colleges locally and nationally, and has testified in both Washington DC and Olympia, Washington on a variety of legislative and regulatory financial issues.  She helped create the WBA’s Executive Development Program which is now in its eighth year of existence.  Stewart is one of 14 bankers selected to serve on the inaugural FDIC Advisory Board and subsequently the CFPB Advisory Board.

Sound Community Bank is a full-service bank, providing personal and business banking services in communities across the greater Puget Sound region. The Seattle-based company operates banking offices in King, Pierce, Snohomish, Jefferson and Clallam Counties and on the web at www.soundcb.com.  Sound Community Bank is a subsidiary of Sound Financial Bancorp, Inc. (NASDAQ: SFBC).

For additional information:

Media Contact:
Brady Robb, Vice President, Marketing Director
(206) 448-0884 x202

Categories: State

Washington Trust Provides $2.5 Million for Refinancing of Retail Property in Barkhamsted, CT

Banking - 1 November 2018 - 1:05pm

BARKHAMSTED, Conn., Nov. 01, 2018 (GLOBE NEWSWIRE) -- Washington Trust’s Commercial Real Estate Group recently provided $2.5 million to Sound Garrett Barkhamsted, LLC, for the refinancing of a 16,559 square foot retail property in Barkhamsted, Connecticut.

Located at 390 New Hartford Road in Barkhamsted, the property includes two stand-alone retail tenants, Dollar General and O’Reilly Auto Parts. Dollar General was founded in 1939 and operates more than 13,600 stores in 44 states. O’Reilly Auto Parts was founded in 1957 by the O’Reilly family and currently operates more than 4,800 stores across 47 states.

“This well located center in Barkhamsted includes two niche retailers who serve the local population very well,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “Our client has a real talent for locating and building this type of property and we are pleased to partner with them again.” 

Sound Garrett Barkhamsted, LLC, is a single owner limited liability company.

Washington Trust's Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Mary Ettinger, Vice President, Commercial Real Estate Group, at 401-348-1415 or 1-800-475-2265 ext. 1415.

ABOUT WASHINGTON TRUST®
Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ: WASH). Additional information on Washington Trust and its subsidiaries can be found at https://www.washtrust.com/.

  MEDIA CONTACT:Tony Nunes Public Relations  401.348.1657 ajnunes@washtrust.com 
Categories: State
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