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Day: July 1, 2020

Catalyst Biosciences Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

SOUTH SAN FRANCISCO, Calif., July 01, 2020 (GLOBE NEWSWIRE) — Catalyst Biosciences, Inc. (NASDAQ: CBIO) today reported that the Compensation Committee of Catalyst’s Board of Directors granted a non-qualified inducement stock option to purchase an aggregate of 140,000 shares of Catalyst’s common stock to Clinton Musil, Catalyst’s recently appointed Chief Financial Officer, effective July 1, 2020.The stock option was granted as an inducement material to Mr. Musil’s entering into employment with Catalyst in accordance with Nasdaq Listing Rule 5635(c)(4). The stock option was granted outside of Catalyst’s 2018 Omnibus Incentive Plan, but except as set forth in the stock option agreement, will generally be subject to the same terms and conditions as apply to stock options granted under the plan.The stock option will vest with respect...

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Smile Direct Club Continues Strategic Growth Via International Expansion

NASHVILLE, Tenn., July 01, 2020 (GLOBE NEWSWIRE) — SmileDirectClub, Inc. (Nasdaq: SDC), the first direct-to-consumer telehealth platform for teeth straightening, announced today its continued international expansion with openings in Singapore and Austria. Entrance into these markets will further extend the Company’s international footprint following its successful launches in the United Kingdom, Ireland, Australia, New Zealand, and Hong Kong in 2019 and Canada in 2018. Additionally, the Company is reopening in Germany, and plans to launch into new regions throughout Europe, Latin America, Asia Pacific and more in 2020.“We have built a robust international infrastructure and will continue to seek opportunities to reach consumers around the world. Markets outside of the U.S. present a great opportunity for our business, and we look...

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Bridge Bancorp, Inc. and Dime Community Bancshares, Inc. to Combine in Merger of Equals Creating The Best Business Bank in New York 

From Montauk to ManhattanCombination of two iconic community banks to create a New York-based champion that will be a significant source of strengthHighly complementary branch network with leading deposit market share,coverage of the entire Long Island market and significant branding powerLarger capital base and experienced leadership team with M&A integration expertise providesignificant advantages to weather adverse economic conditionsAccelerates shareholder value creation via identified cost savingsand enhanced pre-provision earnings powerBRIDGEHAMPTON, N.Y. and BROOKLYN, N.Y., July 01, 2020 (GLOBE NEWSWIRE) — Bridge Bancorp, Inc. (Nasdaq: BDGE) (“Bridge”), the parent company of BNB Bank, and Dime Community Bancshares, Inc. (Nasdaq: DCOM) (“Dime”), the parent company of Dime Community Bank, today announced that they have...

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Norwood Financial Corp Announces New Closing Date for Its Acquisition of UpState New York Bancorp, Inc.

HONESDALE, Pa., July 01, 2020 (GLOBE NEWSWIRE) — Norwood Financial Corp (NASDAQ Global Market: NWFL), the holding company for Wayne Bank headquartered in Honesdale, Pennsylvania, announced today that the closing of the previously announced proposed acquisition of UpState New York Bancorp, Inc. (“UpState”) and its wholly owned subsidiary, USNY Bank, will be delayed, and is now anticipated to occur on or about July 7, 2020, subject to the satisfaction of customary closing conditions. About Norwood Financial CorpNorwood Financial Corp is the parent company of Wayne Bank, which operates from fifteen offices throughout Northeastern Pennsylvania and twelve offices in the Southern Tier of New York.  The Company’s stock trades on the Nasdaq Global Market under the symbol “NWFL”.About UpState New York Bancorp, Inc.UpState New York Bancorp,...

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GWG Holdings Introduces New $2 Billion L Bond Offering

DALLAS, July 01, 2020 (GLOBE NEWSWIRE) — GWG Holdings, Inc. (Nasdaq: GWGH), an innovative financial services firm based in Dallas, announced today that it has successfully reached $1 billion in sales and closed its publicly registered L Bond offering, and is now raising capital in a new $2 billion offering of L Bonds.The new L Bond offering is priced at $1,000 per share and provides fixed interest payments, paid monthly.“We believe the closing of our $1 billion L Bond offering demonstrates the confidence our investors have shown in our company even through the COVID-19 pandemic,” said Murray Holland, GWGH’s Chief Executive Officer. “We are excited to have a new $2 billion L Bond offering available now that can provide the income, stability, and return our advisors and investors have come to rely on from us since 2009.”Emerson Equity...

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Glacier Bancorp, Inc. Announces Second Quarter Earnings Release and Conference Call

KALISPELL, Mont., July 01, 2020 (GLOBE NEWSWIRE) — Glacier Bancorp, Inc. (Nasdaq GS: GBCI) will report second quarter financial results after the market closes on July 23, 2020. A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, July 24, 2020.The conference call will be accessible by telephone and webcast. Interested individuals are invited to listen to the call by dialing 877-561-2748 and conference ID 1773226. To participate on the webcast, log on to: https://edge.media-server.com/mmc/p/i7pytzz9.If you are unable to participate during the live webcast, the call will be archived on our website, www.glacierbancorp.com, or by calling 855-859-2056 with the ID 1773226 by August 7, 2020.Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions: Bank of the San Juans (Durango,...

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The Pennant Group Acquires Home Health and Hospice Agencies in Two States

EAGLE, Idaho, July 01, 2020 (GLOBE NEWSWIRE) — The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced that it has acquired the assets of two home health agencies and two hospice agencies with multiple locations across Southeastern Idaho and Northern Utah. The acquisition was effective July 1, 2020.“We are pleased to be entrusted with these agencies to further the excellent care these local teams provide to patients and their families,” said Daniel Walker, Pennant’s Chief Executive Officer. “This off-market acquisition is further evidence our cluster-driven disciplined growth strategy enables us to execute on multiple transactions across different markets through various regulatory and operating environments,” he added.“We are...

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Enstar Completes the Transfer of Certain Run-Off Portfolios From Great Lakes and HSB Engineering Insurance Australian Branches

HAMILTON, Bermuda, July 01, 2020 (GLOBE NEWSWIRE) — Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has completed a transaction with Great Lakes Insurance SE and HSB Engineering Insurance Limited, both subsidiaries of Munich Re, pursuant to which Enstar’s subsidiary has acquired certain portfolios from their Australian branches.In the transaction, Enstar’s subsidiary received total assets of approximately AUD$228.2 million (approximately $156.2 million), subject to a final roll-forward adjustment, for assuming the associated net reserves, which primarily relate to long tail insurance business.Completion of the transaction followed receipt of regulatory and federal court of Australia approvals and satisfaction of various other closing conditions.About EnstarEnstar is a multi-faceted insurance...

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FNCB Bank Executive Vice President, Chief Banking Officer R. Gregory Collins Announces Retirement

DUNMORE, Pa., July 01, 2020 (GLOBE NEWSWIRE) — FNCB Bancorp, Inc., (NASDAQ: FNCB) today announced that R. Gregory Collins, Executive Vice-President and Chief Banking Officer, will retire on September 30, 2020 after a 40-year career in the banking industry.Mr. Collins is responsible for the oversight of the Bank’s commercial lending, retail lending and retail banking units. He joined FNCB in 2018 with more than 30 years of managerial experience in banking. Prior to joining FNCB, he served as the Area President of Wells Fargo Bank’s Northeastern Pennsylvania region where he was responsible for the overall sales, service, financials and operations for 38 Retail Stores in nine counties. An active member of the community, Mr. Collins has volunteered for many local organizations and currently serves as the Vice-Chairman of the Board of...

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