Finance News

INDIANOLA, Miss.--(BUSINESS WIRE)--Demetrius Perryman, a disabled homeowner living on a fixed income, has a new FORTIFIED-designated roof to protect her family from severe weather. Funded with a $15,000 FHLB Dallas FORTIFIED Fund grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) and its member Guaranty Bank, the roof has stopped water intrusion and prevented further deterioration of the home. Ms. Perryman’s daughter, Markedia Perryman, said their insurance claim for roof repairs or...

MONTREAL--(BUSINESS WIRE)--Birks Group Inc. (“Birks Group” or the “Company”) (NYSE American LLC: BGI) announced today its intention to voluntarily delist from the NYSE American LLC (“NYSE American”). The Company has been approved to have its Class A voting shares trade on the OTCQB Venture Market (the “OTCQB”) and anticipates launching on the OTCQB the day following the date its Class A voting shares are delisted from NYSE American. As previously disclosed, the Company received a notification l...

NEW YORK--(BUSINESS WIRE)--KBRA assigns issuer and senior unsecured debt ratings of BBB to Fortress Private Lending Fund ("FPLF" or "the company"). The rating Outlook is Stable. Key Credit Considerations The ratings and Stable Outlook are supported by FPLF's affiliation with Fortress Investment Group LLC (“Fortress”), a global alternative asset manager with $54 billion in assets under management (AUM) as of 1Q26, including a $20 billion corporate credit platform. The credit platform benefits fr...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Credit Ratings (ratings) of American Family Insurance Group’s affiliates (American Family) (headquartered in Madison, WI) and its subsidiaries remain unchanged following its announcement that it will acquire the remaining outstanding shares of Bowhead Specialty Holdings Inc. (Bowhead) [NYSE: BOW], a specialty property/casualty insurer operating in both admitted and non-admitted markets. The transaction is expected to complement Amer...

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has extended the maturity date of the company’s $238.62 million revolving credit facility led by PNC Bank, N.A., to August 2031. The amended facility includes enhancements that provide working capital flexibility, liquidity and other favorable terms. “The extension of the maturity date and enhancements recognize the company’s milestones and solid position within the automotive aftermarket and compleme...

SACRAMENTO, Calif.--(BUSINESS WIRE)--Inszone Insurance Services, a rapidly growing national provider of commercial, personal, and benefits insurance, is pleased to announce the acquisition of The Lightle Group, LLC DBA Radwick & Lightle. This strategic partnership further strengthens Inszone's footprint in the Pacific Northwest and brings a highly experienced employee benefits team into the organization. Founded in 2001 by Curt Lightle, Radwick & Lightle has spent over two decades dedic...

DOVER, N.H.--(BUSINESS WIRE)--Lighthouse Credit Union included on the Forbes list of America’s Best-In-State Credit Unions 2026 Ranking, making this their ninth year in row....

FAIRMONT, W.Va. & SAN FRANCISCO--(BUSINESS WIRE)--MVB Bank, Inc., a subsidiary of MVB Financial Corp. (Nasdaq: MVBF), has selected Bretton AI to deliver AI-native Managed Services for their back-office operations. A dedicated U.S.-based Bretton team will deliver outcomes, utilizing the Bretton AI platform, in the form of Anti-Money Laundering transaction monitoring and Know Your Customer (KYC) completed alerts and cases inline with MVB's policies and risk framework. Why MVB selected Bretton MVB...

LAREDO, Texas--(BUSINESS WIRE)--International Bancshares Corporation (NASDAQ:IBOC), today reported net income for the six months ended June 30, 2026 of $198.0 million....

SAN FRANCISCO--(BUSINESS WIRE)--Rippling today announced AI Spend Console, a new capability that helps companies understand and control AI spend. Unlike other systems that passively report on token consumption, Rippling’s AI Spend Console includes advanced employee usage insights and a gateway that actively controls and shapes AI usage in your company. Customers are invited to join the waitlist starting today. As AI adoption charges forward across every business, leaders urgently need visibilit...