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Democrat Sean McCann, a state Senator, announces campaign for Michigan's 4th District

Democrat Sean McCann, a state Senator, announces campaign for Michigan's 4th District

Yahoo14-07-2025
Michigan State Sen. Sean McCann, a Democrat from Kalamazoo, announced July 14 he would seek the party's nomination next year in the state's 4th Congressional District, a seat currently held by longtime Republican Rep. Bill Huizenga, R-Holland Township.
McCann has been in the state Senate since 2018, and previously was elected as a state representative from 2011 to 2015. In a release announcing his campaign, he said special interest groups (without specifying which ones) and billionaires currently receive more attention in Washington, where Republicans control both chambers of Congress and the White House, than working class families.
'Families in southwest Michigan know what hard work looks like. But right now, that work isn't paying off like it should, thanks to politicians in Washington who have left us behind to give tax breaks to special interests and billionaires,' McCann said in a statement. 'Our families deserve a representative who works as hard as they do and who focuses on what matters to them, and that's why I'm running for Congress.'
His campaign listed protecting Medicaid, reducing costs, not raising the national deficit, boosting small business growth and giving women autonomy over their health care decisions as McCann's other policy priorities.
As a lawmaker, McCann chairs the Senate Committee on Energy and Environment in Lansing. He was also the committee's chair in 2023 when it advanced legislation setting one of the most ambitious clean energy standards in the U.S. for Michigan, establishing a goal of using 100% clean energy sources for power generation by 2040.
Thanks to Michigan's term limit laws, McCann cannot seek another four-year term in the state Senate. Before being elected to the Legislature, McCann was a Kalamazoo County commissioner and graduated from Western Michigan University, according to his campaign.
McCann is not the first Democrat to enter the race for the district — Jessica Schwartz, a Kalamazoo attorney who ran for the seat in 2024 and lost to Huizenga in the general election that year by 12 percentage points, is seeking the Democratic nomination for the seat again. Diop Harris, a Battle Creek Democrat who previously worked in the U.S. Senate, according to his LinkedIn, has also filed to run for the seat.
The 4th District, which covers southwest Michigan, includes all of Allegan and Van Buren counties along with portions of Berrien, Calhoun, Kalamazoo, and Ottawa counties. The cities of Holland, Battle Creek, Benton Harbor and Kalamazoo all fall in the 4th District.
It's a part of Michigan that has been represented by Republicans in Congress for decades. Huizenga has held the seat since 2022. Before district boundaries were redrawn, much of southwest Michigan was represented by longtime former U.S. Rep. Fred Upton, who was first elected to Congress in 1987. Huizenga has been in Congress since 2011, when he first took office representing Michigan's old 2nd Congressional District, which covered much of west Michigan north of Holland.
Cook Political Report, a nonpartisan political analysis website, currently views the 4th District as "likely Republican," meaning the GOP is expected to carry the district again in next year's election. But with Huizenga eying a potential run for U.S. Senate next year, it's not clear Republicans will have the incumbency advantage in the 4th, if Huizenga ends up seeking Michigan's open Senate seat. Democrats are targeting the seat as a potential pickup opportunity, and if Huizenga were to run for Senate the 4th District could be a competitive race.
Contact Arpan Lobo: alobo@freepress.com
This article originally appeared on Detroit Free Press: Democrat Sean McCann announces congressional run in Michigan
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Fort Pierce City Commission seat vacated by James Taylor may sit empty until 2026
Fort Pierce City Commission seat vacated by James Taylor may sit empty until 2026

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Fort Pierce City Commission seat vacated by James Taylor may sit empty until 2026

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Pacific Valley Bancorp Announces Its Second Quarter 2025 Financial Results
Pacific Valley Bancorp Announces Its Second Quarter 2025 Financial Results

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Pacific Valley Bancorp Announces Its Second Quarter 2025 Financial Results

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Pacific Valley Bancorp Selected Financial Data - Unaudited $ In thousands, Except per Share DataAssetsJune 30, 2025March 31, 2025June 30, 2024 Cash and Due From Banks$38,086$38,873$41,735 Investment Securities25,12224,43126,966 Gross Loans Outstanding499,335491,654455,811 Allowance for Credit Losses(7,672)(7,640)(7,544) Other Assets17,56216,60616,823 Total Assets$572,433$563,924$533,791Liabilities and CapitalJune 30, 2025March 31, 2025June 30, 2024 Non-Interest Bearing Deposits$160,412$149,549$173,783 Interest Bearing Deposits329,799329,500285,856 Borrowings19,90823,89416,855 Other Liabilities3,7463,4313,398 Equity58,56857,55053,899 Total Liabilities and Capital$572,433$563,924$533,791Key Ratios:June 30, 2025March 31, 2025June 30, 2024 Net Loan to Deposits100.30 %101.04 %97.53 % Allowance for credit losses to gross loans1.54 %1.55 %1.66 % Non-performing loans to gross loans0.04 %0.03 %0.22 % Equity to Year-to-Date Average Assets10.43 %10.27 %10.37 % Book Value per Share$11.83$11.60$10.95 Income Statement, Three Months EndedJune 30, 2025March 31, 2025June 30, 2024 Interest Income $7,692$7,324$6,854 Interest Expense2,7952,7332,699 Net Interest Income 4,8974,5914,155 Provision for Credit Losses000 Non-Interest Income396567412 Non-Interest Expense3,9813,8193,133 Income Tax389394420 Net Income$923$945$1,014Key Ratios, Three Months Ended:June 30, 2025March 31, 2025June 30, 2024 Earnings per basic share$0.19$0.19$0.21 Net Interest Margin, annualized3.61 %3.43 %3.32 % Quarter Efficiency Ratio75.21 %74.04 %68.60 % Return on Average Assets, annualized0.66 %0.67 %0.78 % Return on Average Equity, annualized6.28 %6.62 %7.40 % Pacific Valley Bancorp Selected Financial Data - Unaudited $ In thousands, Except per Share DataIncome Statement, Six Months EndedJune 30, 2025June 30, 2024 Interest Income $15,016$13,836 Interest Expense5,5285,186 Net Interest Income 9,4888,650 Provision for Credit Losses00 Non-Interest Income963763 Non-Interest Expense7,8006,274 Income Tax783923 Net Income$1,868$2,216Key Ratios, Six Months EndedJune 30, 2025June 30, 2024 Earnings per basic share$0.38$0.45 Net Interest Margin, annualized3.50 %3.45 % Efficiency Ratio74.63 %66.65 % Return on Average Assets0.67 %0.85 % Return on Average Equity6.44 %8.26 % ABOUT PACIFIC VALLEY BANCORP:Pacific Valley Bancorp completed its formation and reorganization as a bank holding company for Pacific Valley Bank on January 4, 2022. The Company is a registered bank holding company with the Federal Reserve Bank, but it has not registered its securities under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, and it therefore does not file periodic reports with the Securities and Exchange Commission. Pacific Valley Bank is a full service business bank that commenced operations in September 2004 to provide exceptional service to customers in Monterey County. Pacific Valley Bank operates business at three locations; administrative headquarters and branch offices in Salinas, King City and Monterey, California. The Bank offers a broad range of banking products and services, including credit and deposit services to small and medium sized businesses, agriculture related businesses, non-profit organizations, professional service providers and individuals. For more information, visit . This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance and/or achievements to differ materially from those projected. Accordingly, readers should not place undue reliance on these forward- looking statements. 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These forward-looking statements, which reflect management's views, are as of the date of this release. Pacific Valley Bancorp has no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. ContactAnker Fanoe, Chief Executive Officer (831) 771-4384 View original content to download multimedia: SOURCE Pacific Valley Bancorp

Morgan Stanley sees a 'rolling recovery' underway that's set to drive the stock market up 12% by mid-2026
Morgan Stanley sees a 'rolling recovery' underway that's set to drive the stock market up 12% by mid-2026

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Morgan Stanley sees a 'rolling recovery' underway that's set to drive the stock market up 12% by mid-2026

Morgan Stanley says that corporate earnings are in a "rolling recovery." The bank is doubling down on its bullish forecast for the S&P 500 to jump to 7,200 in a year. Morgan Stanley sees the outlook for corporate earnings boosting stocks to new heights in the coming 12 months. After markets were battered in April amid Donald Trump's tariff announcements, earnings are getting a boost from a handful of sources. The bank said that April's price action represented the end of a "rolling earnings recession" that began in 2022. "Now, we appear to be transitioning to a rolling recovery backdrop aided by positive operating leverage, AI adoption, dollar weakness, cash tax savings from the OBBBA, easy growth comparisons, pent up demand for many sectors, and a high probability of Fed cuts by 1Q26," the bank's chief investment office Michael Wilson wrote. The bank sees the S&P 500 rising to 7,200 in its bull case, a 12% jump from Friday's close. It also said the probability of such an outcome for the broad index is on the rise. Wilson said that high valuations that some observers have been fretting over appear to be justified. The bank recommends the industrials sector as its top pick, even after it has been the top-performing sector of the S&P 500 year-to-date. Major market indexes have risen steadily over the past week, with the S&P 500 closing at record highs on July 25. The index is up 9% year-to-date. Morgan Stanley's prediction comes as economic uncertainty appears to be easing. With President Donald Trump announcing a new trade agreement with the European Union and the Federal Reserve expected to cut interest rates later this year, investors may be feeling more confident in the market's strength. "The historically sharp inflection we're seeing in earnings revisions breadth confirms this process is underway," the bank stated, noting that it sees this phenomenon as underappreciated. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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