Latest news with #FDIC-insured
Business Wire
16-07-2025
- Business
- Business Wire
Old Glory Bank Awards $10,000 Merit Scholarship to Promising Student
ELMORE CITY, Okla.--(BUSINESS WIRE)--Old Glory Bank is proud to announce the recipient of its inaugural Old Glory Bank Merit Scholarship. The one-time, $10,000 award recognizes a rising college freshman who has demonstrated the outstanding values the Bank holds in the highest regard – patriotism, commitment to excellence, integrity, discipline, and service. To be considered, students were required to be an Old Glory Bank account holder and meet minimum GPA requirements. They were asked to submit a transcript demonstrating their academic accomplishments, a resume outlining their community involvement and leadership roles, and an essay. All submissions went through a blind review process, which was carefully structured and anonymized to ensure an unbiased consideration of every applicant, as neither their name, their school, nor their geographic location was known to the scholarship committee. Each reviewer scored the submission based on a defined rubric, and each application was evaluated by several committee members independently. The top ten applications were identified as semi-finalists, which were then sent to our panel of final judges, made up of distinguished community leaders and former educators. Through this competitive selection process, Old Glory Bank selected Taryn McCaa as the 2025 scholarship recipient. 'We are thrilled to celebrate Taryn's accomplishments,' said Anne Marie Ring, Chief Legal and Administrative Officer of Old Glory Bank. 'Her dedication to excellence exemplifies the spirit upon which this Country was founded, and we look forward to supporting her college journey.' Taryn will receive the $10,000 scholarship to use toward tuition, fees, textbooks, or other approved educational expenses for the 2025–2026 academic year. She plans to major in Animal Science at Oklahoma State University, ultimately pursuing a Doctor of Veterinary Medicine degree with a specialization in equine medicine. Says Taryn, 'I am so grateful for this scholarship to help me pursue my college goals. I believe that giving back means leading by example and being true to your own self. I want to continue helping students with disabilities through volunteering involvement in equine therapy programs and ultimately returning to my home community to open a veterinary clinic.' Ring adds, 'At Old Glory Bank, we celebrate a vision where opportunity is dictated by the merit of the individual and our shared American identity. We believe success is a result of hard work, and using one's God-given talents well. We received many applications for this scholarship, all of which gave us encouragement about the future of America. This generation of students holds incredible promise.' Old Glory Bank will announce the next scholarship opportunity in early 2026. Current High School seniors should monitor for application details and deadlines. About Old Glory Bank Old Glory Bank is an FDIC-insured bank that offers the best mobile banking solutions for consumers and businesses, from sea to shining sea. Old Glory Bank is committed to protecting the Privacy, Security, and Liberty of all Americans and serving those who feel marginalized for believing in the greatness of our country. Old Glory Bank was co-founded by some of the leading voices representing freedom and patriotism, including former Secretary of Housing and Urban Development, Dr. Ben Carson; Radio and Television Host Larry Elder; country music superstar, TV host, entrepreneur, and songwriter, John Rich; and former two-term Governor of Oklahoma, Mary Fallin-Christensen. Visit We Stand with You. Member FDIC. Follow us on our social media accounts. X: @oldglorybank, Facebook: Old Glory Bank, Instagram: @oldglorybank, Truth: @oldglorybank, Rumble: @oldglorybank, YouTube: Old Glory Bank,
Business Wire
15-07-2025
- Business
- Business Wire
MFS Amends Shareholder Agreement for MFS High Yield Municipal Trust
BOSTON--(BUSINESS WIRE)--MFS Investment Management® (MFS®) announced today that the Board of Trustees (the "Board") of MFS High Yield Municipal Trust (the "Fund") (NYSE: CMU), a closed-end management investment company, has amended an existing agreement with a large shareholder of the Fund pursuant to which the Board agreed to approve a proposal for a liquidity event, unless the average trading discount of the Shares equaled or was less than 7.50% for the entirety of a consecutive 30 calendar day period (the 'Discount Threshold') ending July 15, 2025. Under the terms of the amendment, the deadline for the Fund to satisfy the Discount Threshold has been extended until December 31, 2025. Cautionary Statement Regarding Forward-Looking Statements This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within The Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as "may," "will," "expect," "anticipate," "estimate," "believe," "continue," or other similar words. Such forward-looking statements are based on the Fund's current plans and expectations, are not guarantees of future results or performance, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements are as of the date of this release only; the Fund undertakes no obligation to update or review any forward-looking statements. You are urged to carefully consider all such factors. About the Fund The Fund is a closed-end investment company product advised by MFS Investment Management. Closed end funds, unlike open end funds, are not continuously offered. Shares may trade at a discount to NAV. Shares of the Fund are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of the Fund involve investment risk, including possible loss of principal. For more complete information about the Fund, including risks, charges, and expenses, please see the Fund's annual and semi-annual shareholder reports or contact your financial adviser. About MFS Investment Management In 1924, MFS launched the first U.S. open end mutual fund, opening the door to the markets for millions of everyday investors. Today, as a full-service global investment manager serving financial advisors, intermediaries, and institutional clients, MFS still serves a single purpose: to create long-term value for clients by allocating capital responsibly. That takes our powerful investment approach combining collective expertise, thoughtful risk management and long-term discipline. Supported by our culture of shared values and collaboration, our teams of diverse thinkers actively debate ideas and assess material risks to uncover what we believe are the best investment opportunities in the market. As of June 30, 2025, MFS manages $635.4 billion in assets on behalf of individual and institutional investors worldwide. Please visit mf for more information. MFS Investment Management 111 Huntington Ave., Boston, MA 02199 65541.1
Business Wire
15-07-2025
- Business
- Business Wire
MFS Amends Shareholder Agreement for MFS Investment Grade Municipal Trust
BOSTON--(BUSINESS WIRE)--MFS Investment Management® (MFS®) announced today that the Board of Trustees (the "Board") of MFS Investment Grade Municipal Trust (the "Fund") (NYSE: CXH), a closed-end management investment company, has amended an existing agreement with a large shareholder of the Fund pursuant to which the Board agreed to approve a proposal for a liquidity event, unless the average trading discount of the Shares equaled or was less than 7.50% for the entirety of a consecutive 30 calendar day period (the 'Discount Threshold') ending July 15, 2025. Under the terms of the amendment, the deadline for the Fund to satisfy the Discount Threshold has been extended until December 31, 2025. Cautionary Statement Regarding Forward-Looking Statements This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within The Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can be identified by the use of words such as "may," "will," "expect," "anticipate," "estimate," "believe," "continue," or other similar words. Such forward-looking statements are based on the Fund's current plans and expectations, are not guarantees of future results or performance, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements are as of the date of this release only; the Fund undertakes no obligation to update or review any forward-looking statements. You are urged to carefully consider all such factors. About the Fund The Fund is a closed-end investment company product advised by MFS Investment Management. Closed end funds, unlike open end funds, are not continuously offered. Shares may trade at a discount to NAV. Shares of the Fund are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Shares of the Fund involve investment risk, including possible loss of principal. For more complete information about the Fund, including risks, charges, and expenses, please see the Fund's annual and semi-annual shareholder reports or contact your financial adviser. About MFS Investment Management In 1924, MFS launched the first U.S. open end mutual fund, opening the door to the markets for millions of everyday investors. Today, as a full-service global investment manager serving financial advisors, intermediaries, and institutional clients, MFS still serves a single purpose: to create long-term value for clients by allocating capital responsibly. That takes our powerful investment approach combining collective expertise, thoughtful risk management and long-term discipline. Supported by our culture of shared values and collaboration, our teams of diverse thinkers actively debate ideas and assess material risks to uncover what we believe are the best investment opportunities in the market. As of June 30, 2025, MFS manages $635.4 billion in assets on behalf of individual and institutional investors worldwide. Please visit mf for more information. MFS Investment Management 111 Huntington Ave., Boston, MA 02199 65542.1
Business Wire
14-07-2025
- Business
- Business Wire
Coast Funding Closes Senior Credit Facility with Plains Commerce Bank
SAN DIEGO--(BUSINESS WIRE)--Coast Funding, a leading provider of alternative financing for small and mid-sized businesses, announced today the successful closing of a senior credit facility with Plains Commerce Bank, a South Dakota-based, FDIC-insured institution with over $1.2 billion in assets. The terms of the transaction were not disclosed. This milestone significantly enhances Coast's funding capacity, enabling the company to serve more clients, deliver faster approvals, and offer more competitive rates. 'This transaction is a meaningful endorsement of the strength of our portfolio, our underwriting discipline, and our team,' said Matt Price, Founder and CEO of Coast Funding. 'Plains Commerce has been a valued partner for the past three years. This facility is the natural evolution of our relationship and a critical step forward in executing our long-term vision.' Earlier this year, Plains Commerce Bank introduced its proprietary Plains Pay platform—a modern treasury management solution designed to provide the fintech sector with efficient ACH, wire, payment processing, and warehouse lending capabilities. 'Coast Funding has demonstrated exceptional growth and a strong commitment to serving small businesses,' said Chris Wasmund, COO of Plains Commerce Bank. 'We're proud to support their continued expansion and be part of a partnership that helps entrepreneurs thrive.' About Coast Funding Founded in 2021, Coast Funding is a proven leader in alternative financing for businesses across the U.S. The company offers products including business lines of credit, short-term business loans, revenue-based funding, and equipment financing. Coast differentiates by combining best in class technology with an old school relationship-based approach. The company has an A+ rating with the Better Business Bureau and is rated 4.8 stars by TrustPilot. For more information, visit About Plains Commerce Bank Founded in 1931, Plains Commerce Bank is a privately held, FDIC-insured community bank headquartered in South Dakota. The bank offers a full range of commercial banking solutions focused on service, trust, and long-term partnership. For more information, visit
Business Wire
14-07-2025
- Business
- Business Wire
Chime Announces Time Change of Second Quarter 2025 Earnings Conference Call
SAN FRANCISCO--(BUSINESS WIRE)--Chime® (Nasdaq: CHYM), a leading consumer financial technology company, announced today that it has changed the time of its second quarter 2025 earnings conference call. Chime will now host a conference call to discuss the results at 3:00 p.m. Pacific Time (6:00 p.m. Eastern Time) on August 7, 2025, the same day as previously announced. The company will release its financial results after market close on the same day, as scheduled. A live webcast of the earnings conference call will be accessible on the Events & Presentations section of Chime's Investor Relations website at A replay will be available on the website following the call. About Chime: Chime (Nasdaq: CHYM) is a financial technology company founded on the premise that core banking services should be helpful, easy, and free. We offer a broad range of low-cost banking and payments products that address the most critical financial needs of everyday people. Our member-aligned business model has helped millions of people to unlock their financial progress. Member deposits are FDIC-insured through The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC, up to applicable limits.
