Day: January 3, 2022

STAMFORD, Conn., Jan. 03, 2022 (GLOBE NEWSWIRE) — Independence Holding Company (NYSE: IHC) today announced the completion of the sale of its subsidiary Standard Security Life Insurance Company of New York (“Standard Security Life”) to Reliance Standard Life Insurance Company (“Reliance Standard”). All conditions to the consummation of the sale were satisfied and the transaction closed effective January 1, 2022. Roy T. K. Thung, Chief Executive Officer, commented, “We are very pleased to find a good home for Standard Security Life and our employees and we wish Reliance Standard much success in the future.” About Independence Holding Company Independence Holding Company (NYSE: IHC), through our current subsidiaries, distributes Medicare, life, under age 65 health (including Affordable Care Act plans), and other insurance products...

Diego F. Calderin headshotWSFS Board MemberFrank J. Leto headshotWSFS Board MemberLynn B. McKee headshotWSFS Board MemberWILMINGTON, Del., Jan. 03, 2022 (GLOBE NEWSWIRE) — WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, completed the acquisition of the Bryn Mawr Bank Corporation (Nasdaq: BMTC) (“Bryn Mawr”), and its primary subsidiary, The Bryn Mawr Trust Company (“Bryn Mawr Trust”), as of January 1, 2022. In addition, in accordance with the merger agreement between WSFS and Bryn Mawr, Frank J. Leto, Lynn B. McKee, and Diego F. Calderin are joining the Board of Directors of WSFS and WSFS Bank. With the acquisition finalized, WSFS strengthens its position as the premier, locally headquartered bank and wealth management franchise in the Greater Philadelphia...

Gig Harbor, Washington , Jan. 03, 2022 (GLOBE NEWSWIRE) — Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has closed a $19,129,000 construction loan with Broadmark Realty Capital for the 126 unit first phase of Harbor’s 228 unit Olympic Sunset View Apartment project in Belfair, Washington. Located in North Mason County, Washington the 228-unit garden style apartment complex currently under construction, is conveniently situated adjacent to highway SR 3 and provides views of Puget Sound and the Olympic Mountains. Belfair is approximately a 15-minute drive to downtown Bremerton, the Seattle ferry, and the Kitsap Naval Base, a major...

FREMONT, Calif., Jan. 03, 2022 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced that it has completed the previously announced acquisition of ClipperCreek. Based in Auburn, Calif., ClipperCreek offers electric vehicle (EV) charging solutions for residential and commercial customers in the U.S. ClipperCreek has been a pioneer in the EV charging market since 2006 and has sold more than 110,000 Level 2 AC charging stations since its inception. The acquisition is expected to provide the following benefits:Provides Enphase distributors and installers globally with EV charging solutions that can be sold alongside solar and battery systems Launches Enphase into the rapidly growing EV sector...

GREENVILLE, S.C., Jan. 03, 2022 (GLOBE NEWSWIRE) — United Community Banks, Inc. (NASDAQ: UCBI) (United) has completed its merger, effective January 1, 2022, with Reliant Bancorp, Inc. (NASDAQCM: RBNC) (Reliant), including its wholly-owned subsidiary, Reliant Bank, which was merged with and into United’s bank subsidiary, United Community Bank, and will now operate under the United brand. Reliant has a highly-valued franchise built upon providing outstanding service and developing deep and long-lasting relationships with its customers in the middle Tennessee market. Reliant operates with a 24-branch network primarily in the Nashville area, as well as Clarksville and Chattanooga. Additionally, Reliant operates a manufactured housing finance group based in Knoxville. As of September 30, 2021, Reliant reported total assets of $3.0 billion,...

ALLENTOWN, PA, Jan. 03, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — American Energy Partners, Inc. (“American Energy”) (PINK: AEPT), a diversified energy company, is pleased to announce the completion of the previously announced energy services company acquisition (“Acquisition”) of Apex Energy Service, LLC, a Pennsylvania limited liability company located in Canonsburg, Pennsylvania, (“Apex”) effective January 1, 2022. Total consideration for the Acquisition was funded through a combination of cash, conventional debt, and common stock. American Energy is to pay potential contingent consideration based on the achievement of specific EBITDA growth targets of the Company over the next three years. Apex is a regional provider of services in Ohio, West Virginia and Pennsylvania including: Oil and gas services – containment,...

Kevin M. Phillips, ManTech Chairman, CEO and PresidentManTech has a well-established reputation as a leader in analytics capabilities that collect and decipher vast data flows across SIGINT systems. Technical and Management Assistance Corporation builds on these strengths with complementary solutions that ensure the delivery of vital intelligence at speed. We are pleased to welcome TMAC’s talented people into the ManTech family, and to build our presence in this arena with an exciting array of capabilities that deliver market-leading differentiation and value to our customers.HERNDON, Va., Jan. 03, 2022 (GLOBE NEWSWIRE) — ManTech International Corporation (Nasdaq: MANT) has completed the acquisition of Technical and Management Assistance Corporation (TMAC), a leading provider of advanced data engineering services...

Merger brings added scale, expanded product mix, and increased lending opportunities to the Wyoming market DENVER and JACKSON, Wyo., Jan. 03, 2022 (GLOBE NEWSWIRE) — First Western Financial, Inc., (First Western) (Nasdaq: MYFW), parent company of First Western Trust Bank, (the Bank), today announced the completion of its acquisition of Teton Financial Services, Inc. (Teton Financial Services), parent company of Rocky Mountain Bank, effective December 31, 2021. The closing of this transaction merges Teton Financial Services’ three branches in the state of Wyoming, total assets of $449.6 million, total deposits of $402.9 million, and total loans of $261.1 million as of September 30, 2021, with First Western Trust Bank. Teton Financial Services also offers trust and wealth management services and had $306.8 million in assets under...