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American Pride Bank Welcomes Kristie McMahan as Chief Credit Officer

American Pride Bank Welcomes Kristie McMahan as Chief Credit Officer

Business Wire10 hours ago
ATLANTA--(BUSINESS WIRE)--American Pride Bank is pleased to announce that Kristie McMahan has joined the organization as Executive Vice President and Chief Credit Officer. With nearly 25 years of banking experience, McMahan brings a strong track record of leadership across credit and risk management, commercial and private banking, and operational strategy.
Throughout her career, McMahan has held a number of senior leadership roles, including Director of Commercial Administration, Credit Administration Manager, Loan Operations Manager, and Senior Credit Underwriter. She also has experience as a relationship and portfolio manager, along with financial leadership roles in private equity and international manufacturing, giving her a well-rounded perspective on financial strategy and credit discipline.
McMahan holds a Bachelor of Arts in Finance from Wofford College and an MBA with concentrations in Finance and Risk Management from the University of Georgia. She is widely respected for her strategic insight and dedication to long-term organizational success.
Kristie lives in Decatur, Georgia with her husband, Scott, and their two daughters.
About American Pride Bank
American Pride Bank was founded in 2007 by first-generation Americans and entrepreneurs to ensure that everyone has access to the financial products and services needed to earn their American Dream. The bank specializes in serving high-touch, relationship banking solutions that create pathways for generational wealth-building and business success.
Through responsive financial services, American Pride Bank helps small business owners and communities thrive. We take pride in seeing our customers succeed and knowing we played a part in their journey.
At American Pride Bank, your success is our pride.
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Accenture Deepens Banking Capabilities in Malaysia with Acquisition of Aristal
Accenture Deepens Banking Capabilities in Malaysia with Acquisition of Aristal

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  • Business Wire

Accenture Deepens Banking Capabilities in Malaysia with Acquisition of Aristal

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Cementos Pacasmayo S.A.A. Announces Consolidated Results for Second Quarter 2025
Cementos Pacasmayo S.A.A. Announces Consolidated Results for Second Quarter 2025

Business Wire

timean hour ago

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LIMA, Peru--(BUSINESS WIRE)--Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1) ('the Company' or 'Pacasmayo') a leading cement company serving the Peruvian construction industry, announced today its consolidated results for the second quarter ('2Q25') and the first six months of the year ('6M25'). These results have been prepared in accordance with International Financial Reporting Standards ('IFRS') and are stated in Soles (S/). 2Q25 FINANCIAL AND OPERATIONAL HIGHLIGHTS: (All comparisons are to 2Q24, unless otherwise stated) Sales volume of cement, concrete and precast increased by 7.1%, mainly due to an increase in bagged cement demand as well as higher sales for infrastructure related projects. Revenues increased by 5.9%, in line with the increased sales volumes mentioned above. Consolidated EBITDA increased 9.0%, reaching S/130.2 million, mainly due to the above-mentioned revenue increase, as well as operational efficiencies. Consolidated EBITDA margin was 26.9%, a 0.8 percentage point increase. Net income was S/ 47.8 million, a 29.9% increase, mainly due to increased operating income, as well as a favorable foreign exchange difference and lower interest payments due to debt amortization. 6M25 FINANCIAL AND OPERATIONAL HIGHLIGHTS: (All comparisons are to 6M24, unless otherwise stated) Sales volume of cement, concrete and precast increased by 5.5%, mainly due to increased demand of both bagged cement and infrastructure projects. Revenues increased by 5.3%, in line with the increased sales volume. Consolidated EBITDA increased 5.0%, reaching S/264.9 million, mainly due to increased demand, as well as lower costs and operational efficiencies. Consolidated EBITDA margin was 26.9%, in line with the same period of last year. Net income increased by 16.5%, reaching S/ 100.5 million mainly due to higher operating income, as well as the favorable foreign exchange difference and the lower interest payments due to debt amortization as mentioned above. For a full version of Cementos Pacasmayo's Second Quarter 2025 Earnings Release, please visit CONFERENCE CALL INFORMATION: Cementos Pacasmayo will host a conference call on Tuesday, July 22, 2025, to discuss these results at 9:00 a.m. Lima Time/10:00 a.m. Eastern Time. To access the call, please dial: +1 (718) 866-4614 from within the U.S. Access code: 505256 There will also be a live Audio Webcast of the event at: You can also find additional dial-in numbers depending on your current location in the above link. About Cementos Pacasmayo S.A.A. Cementos Pacasmayo S.A.A. is a cement company, located in the Northern region of Peru. In February 2012, the Company's shares were listed on The New York Stock Exchange - Euronext under the ticker symbol "CPAC". With more than 67 years of operating history, the Company produces, distributes and sells cement and cement-related materials, such ready-mix concrete and precast materials. Pacasmayo's products are primarily used in construction, which has been one of the fastest-growing segments of the Peruvian economy in recent years. The Company also produces and sells quicklime for use in mining operations.

Chinese carmaker close to clearing big obstacle to autonomous driving
Chinese carmaker close to clearing big obstacle to autonomous driving

Miami Herald

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Chinese carmaker close to clearing big obstacle to autonomous driving

Autonomous driving is apparently the wave of the future, even if U.S. drivers do not really trust the technology. Assisted driving tech has been around for at least two decades, and Americans seem fine with that. But autonomous driving is in a different lane, and Americans are skeptical. Don't miss the move: Subscribe to TheStreet's free daily newsletter "Consumers are skeptical of the full self-driving (FSD) technology that undergirds the robotaxi proposition, with 60% considering Tesla's full self-driving 'unsafe,' 77% unwilling to utilize full self-driving technology, and a substantial share (48%) believing full self-driving should be illegal," said the May 2025 edition of the Electric Vehicle Intelligence Report (EVIR). California, frequently at the forefront of many technological innovations, has become a hub for AV testing, but citizens there have demanded heavy guardrails. Nearly 80% of California voters support requiring a human safety operator in self-driving trucks and delivery vehicles, and just 33% of voters express a favorable general impression of autonomous vehicles. Related: Tesla faces its most serious court battle in years But there are levels to autonomous vehicles ranging from 0-5, according to the Society of Automotive Engineers. Level 0 represents no automation, while Level 5 represents full automation with no human intervention at all. The assisted driving systems Americans have been using for 20 years represent Level 1, where the vehicle can assist with steering or acceleration/deceleration but not both at the same time. Level 2 vehicles can control both steering and velocity at the same time. Americans are also pretty familiar with this level. Tesla Full Self Driving is L2 autonomous. But Level 3 is where things get tricky, especially for legal reasons. One Chinese carmaker seems willing to invest in AV tech. Image source: Zhang Congyu/VCG via Getty Images Level 3 is where the true autonomous driving magic occurs. "The transition from SAE level 2+ to level 3 is a significant one. While many level 2+ systems have proven popular and, for the most part, effective, level 3 vehicles mean that, in some situations, eyes can be taken off the road," a new research report from IDTechEx says. The "eyes taken off the road" part is crucial because at that point, the driver is officially no longer in control of the vehicle; the vehicle's software is. So if an accident happens while the "driver" of an L3 or above vehicle is operating, who really is at fault? "Generally, this would result in the accountability of any accident occurring while level 3 is operational falling onto the manufacturer, not the driver. As a result, the overall reliability, defined by both the hardware and software, has to be much greater," the report states. Tesla has been sued multiple times over fatal mistakes that drivers say FSD has made. Each time, Tesla has argued it was the driver's fault. Related: Unprecedented BYD assisted driving offer puts competition on notice If Tesla ever wants to reach L3 autonomous driving, that excuse won't fly anymore. Chinese rival BYD seems more than ready to take on the responsibility. Earlier this month, BYD debuted a smart parking feature that allows the vehicle to achieve Level 4 autonomy. Level 4 autonomy, as defined by the Society of Automotive Engineers, is the second highest available level of autonomy. In layman's terms, BYD vehicles equipped with the highest assisted driving packages will be able to park themselves. But most interestingly, regarding the latest upgrade, BYD promises to pay for any accidents caused by autonomous parking. Rather than going through their insurance companies, BYD drivers using the tech can file a claim with BYD's after-sales team if something goes wrong. Earlier in July, the U.S. District Court for the Southern District of Florida heard opening arguments in a lawsuit filed against Tesla by the family of Naibel Benavides, who was killed in 2019 by a runaway Tesla that had FSD engaged. The vehicle, driven by George Brian McGee, sped through a T intersection at 62 miles per hour and T-boned an empty parked car. The parked car's owners were standing outside the vehicle when they were struck. Benavides, 22, was killed in the crash, and her body was found flung about 75 feet from the crash site. Dillon Angulo, her boyfriend, survived the crash but was left with a severe concussion and multiple broken bones. Like other cases involving FSD in the past, Tesla blames the crash on driver error. "The evidence clearly shows that this crash had nothing to do with Tesla's Autopilot technology,'' Tesla said in a statement to Bloomberg. L3+ driving would allow the person who crashed, who reportedly dropped his cellphone and was searching for it on the ground when the crash occurred, to blame Tesla. But Tesla has not reached the level of automation that would make it responsible for a driver who took his eyes off the road. Related: Alphabet's Waymo flexes on Tesla Robotaxi with latest update The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

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