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Forbright Bank to Sell Branches and Local Deposits to Trustar Bank, Sharpening Focus on National Digital-First Growth
CHEVY CHASE, Md.--(BUSINESS WIRE)--Forbright Bank (“Forbright”) today announced that it has entered into an agreement to sell its Washington, D.C.-area legacy branches and associated deposits to Trustar Bank. The transaction will include branches in Potomac and North Bethesda, Maryland, a customer service hub in McLean, Virginia, and approximately $750 million in local deposits for a deposit premium of approximately $19 million. No deposits associated with Forbright's national lending or nation...
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KBRA Assigns Preliminary Ratings to Upgrade Master Pass-Thru Trust, Series 2026-ST4
NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to four classes of notes issued by Upgrade Master Pass-Thru Trust, Series 2026-ST4 (“UMPT 2026-ST4”), a consumer loan ABS transaction. UMPT 2026-ST4 has initial hard credit enhancement levels ranging from 53.95% for the Class A Notes to 22.10% for the Class D Notes. Credit enhancement consists of overcollateralization, subordination of the junior note classes, except for the Class D notes, a cash reserve account, and excess spread. Thi...
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Money Secrets, Financial Pressure and Delayed Milestones Are Reshaping Americans’ Relationships, TD Bank U.S. Survey Finds
MOUNT LAUREL, N.J.--(BUSINESS WIRE)--Money continues to be one of the biggest sources of stress in relationships, according to a new study from TD Bank U.S....
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Stevens Capital Partners Reaches $800M AUM, Acquires Tax Planning Firm
OMAHA, Neb.--(BUSINESS WIRE)--Stevens Capital Partners announced it has surpassed $800M AUM alongside the acquisition of a well-established Dallas, Texas-based CPA tax practice....
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Andersen Announces Pricing of Secondary Offering
SAN FRANCISCO--(BUSINESS WIRE)--Andersen Group Inc. today announced the pricing of an underwritten public offering of 4,284,457 shares of its Class A common stock at $44 per share....
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MVB Financial Corp. Declares Third Quarter 2026 Dividend
FAIRMONT, W.Va.--(BUSINESS WIRE)--MVB Financial Corp. (NASDAQ: MVBF) (“MVB” or the “Company”) today announced that its Board of Directors has declared a quarterly cash dividend of $0.17 per share, consistent with the previous quarter’s dividend. The dividend is payable on September 15, 2026, for shareholders of record as of September 1, 2026. This is the third quarterly dividend for 2026. “MVB’s strong second quarter results reflected continued progress and momentum across both our core banking...
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ComEd Urges Customers to Take Advantage of ComEd Bill-Support Options Available During Peak Energy Usage Season
CHICAGO--(BUSINESS WIRE)--As hotter-than-normal summer temperatures continue across northern Illinois, ComEd encourages customers to explore support programs that can help with past-due balances and energy-saving offerings that can lower future bills. Energy assistance is more important than ever with air conditioner and fan use increasing this summer, the Aug. 15 end of the current funding season for the Low-Income Home Energy Assistance Program (LIHEAP), and the continued rise in energy suppl...
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Pontera Expands Connected Retirement Infrastructure with New Non-Discretionary Advice Offering
NEW YORK--(BUSINESS WIRE)--Pontera, announces expansion of its platform to support non-discretionary retirement advice through a secure, seamless, and guided experience....
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Stash and Capitalize Announce New Rollover Partnership
NEW YORK--(BUSINESS WIRE)--Stash, the digital financial advisor helping everyday Americans build long-term wealth, and Capitalize, the industry's leading platform for retirement account transfers, today announced a new partnership to make it easier for Stash customers to consolidate retirement savings. Through the partnership, Stash has integrated Capitalize's Embedded Rollover API, enabling customers to seamlessly transfer legacy 401(k) accounts into Individual Retirement Accounts (IRAs) direc...
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John Marshall Bancorp, Inc. Announces Extension of Stock Repurchase Program
RESTON, Va.--(BUSINESS WIRE)--John Marshall Bancorp, Inc. (Nasdaq: JMSB) (the “Company”), the parent holding company for John Marshall Bank, today announced that its Board of Directors (the "Board") authorized the extension of the stock repurchase program (the "Stock Repurchase Program") through August 31, 2027, pursuant to which the Company is authorized to purchase up to 700,000 shares of the Company’s outstanding common stock. To date, the Company has repurchased 242,150 shares, or $4.5 mill...