Virginia Credit Union’s Post

FURTHER GROWTH FOLLOWING TAKEOVER Wealth manager Fairstone Group Ltd, which has its headquarters at Doxford International Business Park in Sunderland, has expanded following the takeover of James Ryan Thornhill Ltd. The takeover builds on James Ryan Thornhill’s initial place on Fairstone’s downstream buyout model, which sees the business provide technological and capital support to independent financial advisory firms in order to boost growth ahead of a sale. The deal brings more than £110 million of assets under Fairstone’s management, as well as £1 million fee income and 600 clients. This comes on the back of Fairstone’s recent announcement that it had surpassed 10,000 reviews on Trustpilot, a first for the wealth management industry. Read more from Lee Hartley, Fairstone chief executive, and Del-Ryan Rafter, James Ryan Thornhill director, here: https://lnkd.in/euqu3nsw #NET #northeasttimes #Fairstone #JamesRyanThornhill #northeastbusiness #takeover #wealthmanagement #makingconnections #drivingconversations

🌟 BREAKING NEWS 🌟 Big changes in the credit union world! 🏦 Launch Credit Union and Community Credit Union of Florida have announced a merger, combining resources to better serve their members. With the tough operating environment for smaller credit unions, could this be the beginning of a trend? 📊 📰 Read all the details here: https://bit.ly/3MBpgdw #CreditUnionMerger #FinancialServices #CreditUnionNews #Tyfone

🌟 Choose a Better Financial Future! 🌟 Choose local banking. Choose affordable loans. Choose keeping your money in your local community. Choose supporting your neighbors. Choose a Credit Union that invests right back into where you live. Choose making a difference with every deposit and withdrawal. Choose a financial partner who sees you as more than just an account number. Choose community commitment over corporate profits. Choose hands-on help over distant call centers. Choose walking into a branch where everyone knows your name. Choose safety and stability. Choose helping local businesses flourish. Choose building stronger schools and safer streets with every interest payment. Choose our Credit Union. Choose strength. Choose resilience. Choose to support the people around you during the cost of living crisis. Choose a future where everyone thrives. Choose a community that works together, grows together, and succeeds together. Choose Us. Your money, your community, your credit union. #ChooseLocal #CommunityBanking #CreditUnion #FinancialEmpowerment #LocalImpact #WestOfScotland

It has been a "long, strange trip" for Equity Commonwealth over the last decade. One could argue that the #REIT was in liquidation mode from the moment that EQC was wrested from The RMR Group. Unfortunately, the last few assets are going to be sold during a period of weak pricing for #officebuildings. However, it is the right decision for #shareholders to finally wind the business down. REIT Academy & The Executive REIT Masterclass Jonathan Morris David Auerbach Mary Jensen Reagan P. Juliana H. Alex Pettee, CFA Jonathan Litt Craig Smith, CFA, FRICS #REITs #commercialrealestate #HallKnowsRE https://lnkd.in/e4RmvzpT

Big news for the Maryland banking scene: Capital Bank, N.A. (Capital) is set to acquire Integrated Financial Holdings, Inc. in a strategic $66 million merger, combining cash and stock transactions. This will no doubt expand Capital’s footprint in commercial and consumer banking, enhancing its earnings diversity. Scheduled for completion in the second half of 2024, this merger should create a leading nationwide lender in government guaranteed lending, aligning with Capital’s strategic goals for growth in the USDA and SBA lending sectors. The integration is expected to deliver substantial financial growth, with forecasts predicting a 17% EPS increase in 2025.   #BankingSector #MergersAndAcquisitions #FinancialGrowth

Trusted Guidance for Your Commercial Property Needs Commercial Property Partner and Head of Department, Richard Clithero is here to guide you. With extensive experience in secured lending, acquisitions & development, leases, and sales & purchases, Richard brings a wealth of knowledge to every deal. Learn more about Richard and how to get in touch below. #commercialproperty #highvaluetransactions #trustedadvisor

Exciting News from Enterprise Funding! We're thrilled to announce a groundbreaking merger with AmPac Business Capital, creating a powerhouse in SBA 504 lending with a combined 58 years of experience! This strategic union is set to revolutionize the way small businesses in the Inland Empire access financing for buying, constructing, improving, or refinancing owner-occupied commercial real estate. What’s Happening? AmPac Business Capital, with its rich 18-year history, is joining forces with the esteemed Enterprise Funding Corporation, bringing together a legacy of greater than 40 years. This merger, with AmPac as the surviving entity, expands AmPac's reach with new satellite offices in Palm Springs and San Bernardino, ensuring we cover the vast needs of our community. Why It Matters? Our goal? To deepen partnerships with local banks, commercial real estate brokers, and CPAs, driving prosperity across the Inland Empire. With the addition of Jeff Sceranka as Executive VP of New Markets and Business Development, AmPac is not just expanding their geographic footprint; they are enhancing their expertise and services to support businesses from cradle to legacy. Join Us! Mark your calendars for June 26, 2024, at Noon for a joint press conference at AmPac's Ontario office. We'll dive into the merger details, introduce our new Board of Directors, and share our vision for the future. This merger has received conditional approval from the U.S. Small Business Administration, and we're on the edge of our seats waiting for the final nod from the State Office of the Attorney General. Stay Tuned For more information and updates, keep an eye on our website and social media channels. We're on the brink of something big, and we want you, our community of SBA bankers, commercial real estate brokers, CPAs, and business owners, to be a part of this exciting journey. #AmPacBusinessCapital #EnterpriseFunding #SBALending #InlandEmpire #BusinessGrowth

"[There's] counseling that your team needs along the way, particularly people who've never done an exit before. They're looking at dollar signs — 'Oh my God, I can buy a vacation home in Florida, we should move to Florida for tax reasons; all this kind of crap going on. And you can't let them lose focus." Juvare's Robert ("Bob") Watson on the importance of focusing on the team during a transaction. #atlanta #atlantadealmakers #mergersandacquisitions #selling #focus Read the full article: https://lnkd.in/gnYYC3U4

#HouseholderGroup continues to grow its footprint, client base, and service offerings with the acquisition of American Financial Services and The IRA Specialists. We are excited to add the experience of Barbara Barton and Bob Foland to our already high-caliber financial service offerings.   Our growth journey has attracted over $1 billion in new client assets since 2019.   Read more about our value proposition in the @InvestmentNews article at https://lnkd.in/gMuUHyJs.   #FinancialServices #WealthManagement #FinancialPlanning

Blue Ridge turned down M&A offer and is sticking with a recapitalization deal — Great reporting from Lauren Sullivan Seay and Yizhu Wang "Blue Ridge Bankshares Inc. is aiming to push its pending recapitalization over the finish line and walked away from a potential purchase offer from Southern BancShares." "Late in 2023, Mount Olive, NC-based Southern BancShares offered to acquire the Charlottesville, Va.-based Blue Ridge, which is under a regulatory consent order, for between $4.50 and $5.50 per share. Southern's offer was contingent upon the company being able to raise additional capital to support the transaction, with the raise to be partially backed by the Holding family, which leads First Citizens BancShares Inc. and has two members on Southern's board." "Blue Ridge's leadership has set a March 6 shareholder vote on the company's previously announced $150 million recap, which is being led by private investor Kenneth Lehman as well as Castle Creek Advisors VIII LLC." "The company's shareholders will face dilution through the recapitalization, which calls for the issuance of 60 million new common shares, more than triple the company's current 19.2 million outstanding, at $2.50 per share." "While Southern's acquisition offer presents a higher price than the pending private placement, price is not the only factor companies weigh when making strategic decisions. Other considerations sellers often take into account include the buyer's acquisition history and the prospects that the sale would receive regulatory approval." https://lnkd.in/eqf9Gy-R