Day: February 10, 2021

ARCHBOLD, Ohio, Feb. 10, 2021 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2020 fourth quarter and twelve months ended December 31, 2020.2020 Fourth Quarter Financial Highlights Include (on a year-over-year basis unless noted):Net income increased 43.5% to a quarterly record of $6.8 millionEarnings increased 39.5% to a quarterly record of $0.60 per basic and diluted shareNet interest income after provision for loan losses increased 12.1% to $14.1 million, which included a $1.3 million increase in the provision for loan losses as a result of the COVID-19 crisisNoninterest income increased 88.5% to $5.6 million, primarily due to strong residential mortgage demandA gain on the settlement of a bank-owned life insurance contract (“BOLI”) and interest and fees associated...

EFFINGHAM, Ill., Feb. 10, 2021 (GLOBE NEWSWIRE) — Midland States Bancorp, Inc. (NASDAQ: MSBI) today announced that Midland States Bank, its wholly-owned bank subsidiary, has signed an agreement to purchase substantially all of the trust assets of ATG Trust Company (“ATG Trust”), a trust company based in Chicago with approximately $387 million in assets under management and annual revenue of approximately $3.5 million. The transaction increases the size of Midland’s Wealth Management group to more than $3.8 billion in assets under administration and more than 90 financial professionals.ATG Trust was founded in 1998 as a subsidiary of Attorneys’ Title Guaranty Fund, Inc., principally to handle land trusts and other real estate related services. Since that time, ATG Trust has grown into a more diversified trust business, including...

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.TORONTO, Feb. 10, 2021 (GLOBE NEWSWIRE) — The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corporation as sole bookrunner and lead underwriter (the “Lead Underwriter”) pursuant to which the Lead Underwriter has agreed, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 19,610,000 units of the Company (the “Units”) at a price of $0.51 per Unit (the “Issue Price”) for aggregate gross proceeds to the Company of $10,001,100...

VANCOUVER, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE) — Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQX: EXMGF) (“Excelsior” or the “Company”) announced today that it has entered into an agreement with Scotiabank and PI Financial Corp. as joint bookrunners and underwriters (the “Underwriters”), pursuant to which the Underwriters have agreed to buy on a bought deal basis 21,100,000 units (the “Units”) of the Company, at a price of C$0.95 per Unit for gross proceeds of approximately C$20 million (the “Offering”). Each Unit consists of one common share (each a “Common Share”) and one warrant (each a “Warrant”). Each Warrant is exercisable to acquire a Common Share (each a “Warrant Share”) at an exercise price of C$1.25 for a period of 18 months from the closing of the Offering.The Company has also granted the...