Day: July 25, 2024

Penns Woods Bancorp, Inc. Reports Second Quarter 2024 Earnings

WILLIAMSPORT, Pa., July 25, 2024 (GLOBE NEWSWIRE) — Penns Woods Bancorp, Inc. (NASDAQ: PWOD) Penns Woods Bancorp, Inc. achieved net income of $9.2 million for the six months ended June 30, 2024, resulting in basic and diluted earnings per share of $1.22. Highlights Net income, as reported under GAAP, for the three and six months ended June 30, 2024 was $5.4 million and $9.2 million, respectively, compared to $4.2 million and $8.8 million for the same periods of 2023. Results for the three and six months ended June 30, 2024 compared to 2023 were impacted by a increase in net interest income of $1.1 million and $577,000 as the cost of funds has stabilized, which led to a 14 basis point increase in the net interest margin for the second quarter of 2024 compared to the first quarter of 2024. The disposal of assets related to two former...

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Almadex Announces that Drilling is Underway at the Paradise Project, Nevada

VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) — Almadex Minerals Ltd. (“Almadex” or the “Company”) (TSX-V: “DEX”) is pleased to announce that diamond drilling has commenced at the Company’s Paradise project in Nevada, USA. The current drill program has been designed to test lithocap targets for potential underlying copper-gold porphyry mineralisation. As described in its news release of February 27th, 2024, Almadex defined a porphyry copper-gold target at Paradise through mapping and soil geochemistry. The company has now completed the first hole and has started a second. Morgan J Poliquin, President, CEO and a Director of the Company commented, “Testing the lithocap target at Paradise is a milestone for the Company. We hope this initial program will provide a much better understanding of this...

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Federal Home Loan Bank of Indianapolis Announces Second Quarter 2024 Dividends, Reports Earnings

President and CEO Cindy Konich, FHLBank Indianapolis President and CEO Cindy Konich, FHLBank Indianapolis INDIANAPOLIS, July 25, 2024 (GLOBE NEWSWIRE) — Today the Board of Directors of the Federal Home Loan Bank of Indianapolis (“FHLBank Indianapolis” or “Bank”) declared its second quarter 2024 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.50%, respectively. The higher dividend rate on activity-based stock reflects the Board’s discretion under the Bank’s capital plan to reward members that use FHLBank Indianapolis in support of their liquidity needs. “Our latest financial results underscore our solid track record of success in meeting member liquidity needs, as well as the innovative ways we support affordable...

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IZEA Acquires The Reiman Agency

IZEA Acquires The Reiman Agency IZEA Worldwide, Inc. announced the addition of The Reiman Agency, an innovative sports and celebrity marketing firm to its family of companies. ORLANDO, Fla., July 25, 2024 (GLOBE NEWSWIRE) — IZEA Worldwide, Inc. (NASDAQ: IZEA), a global leader in creator marketing, today announced the addition of The Reiman Agency, an innovative sports and celebrity marketing firm to its family of companies. Alden Reiman, Founder and CEO of The Reiman Agency, has been appointed Managing Director and will bring his extensive experience and expertise to the role. Alden Reiman is a seasoned executive with a distinguished career in sports, media, and entertainment. As a former branding executive at Creative Artists Agency (CAA) and the National Football League (NFL), Reiman has developed a deep understanding...

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BioSig Technologies Improves Balance Sheet, Announces Reduction in Outstanding Payables during Q2 2024

Los Angeles, CA 90025, July 25, 2024 (GLOBE NEWSWIRE) — BioSig Technologies, Inc. (OTCQB: BSGM) or (“BioSig” or “Company”), a medical technology company delivering unprecedented accuracy and precision to intra-cardiac signal visualization, is pleased to announce that it has successfully negotiated with multiple vendors an initial reduction in accounts payable of approximately $1.5 million during the second quarter of 2024 since new management has taken leadership. One substantial savings recognized is for the successful termination of the office lease expense for the former headquarters in Westport, Connecticut as of July 15, 2024 which was set to end on December 31, 2024. The Company also plans to work with additional vendors to continue this reduction going forward and will update shareholders appropriately. The...

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Milestone Partners Completes Sale of Blaschak Anthracite to Saint Nicholas Investor Group

MAHANOY CITY, Pa., July 25, 2024 (GLOBE NEWSWIRE) — Blaschak Anthracite, a leading miner, preparer and marketer of Pennsylvania anthracite, announced that the company’s owners, led by majority shareholder Milestone Partners, completed the sale of Blaschak in a management-led buyout to Saint Nicholas Investor Group, LLC on July 19. Saint Nicholas Investor Group is led by Blaschak management and outside Board members and is also comprised of other friends and family investors, including some who were previously invested in Blaschak through Milestone Partners. The new owners plan on continuing to invest in the business and seek opportunities for growth. “We deeply appreciate Milestone’s fifteen-year investment in Blaschak, a commitment that surpasses industry norms and has been a rewarding long-term partnership,” said Boyd Kreglow,...

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Opus One Gold Corporation Announces Extension of Previously Announced Private Placement of up to $500,000

MONTREAL, July 25, 2024 (GLOBE NEWSWIRE) — Opus One Gold Corporation (OOR: TSXV) (“Opus One Gold” or the “Company”), is pleased to announce the extension of its previously announced non-brokered private placement (the “Offering”) for gross proceeds of up to C$500,000 from the sale of units of the Company (the “Units”). Each Unit shall be issued at price per Unit of $0.02 and shall be comprised of one common share of the Company (a “Share”) and one common share purchase warrant (each a “Warrant”, and together, the “Warrants”), with each Warrant entitling the holder to acquire one Share at an exercise price of $0.05 per Share for a period of 24 months following the closing of the offering. A first tranche of the Offering is scheduled to close on or around July 29, 2024. The Units will be offered by way of the “accredited investor”...

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Sodexo successfully completes €1.75bn refinancing of the Sustainability linked Syndicated Revolving Credit Facility

Issy-les-Moulineaux, July 25, 2024 – Sodexo announces that it has amended and extended its core Syndicated Revolving Credit Facility for a further 5 years to July 2029 with two additional one-year extension options (up to 7 years in total). The facility has been upsized from circa €1.3bn to €1.75bn to incorporate its existing bilateral lines and will provide liquidity headroom for the Group. The facility remains aligned to Sodexo’s external sustainability commitments. There has been a strong appetite to participate in this facility, with all of Sodexo’s existing banking partners providing commitments in addition to two newly invited banks.  BNP Paribas and Société Générale are acting as Coordinators and Mandated Lead Arrangers and Bookrunners.  Each of Banco Santander, S.A., Citibank, N.A. London Branch, Credit Industriel et Commercial...

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Federal Home Loan Bank of Atlanta Announces Second Quarter 2024 Operating Highlights

ATLANTA, July 25, 2024 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (the Bank) today released preliminary unaudited financial highlights for the quarter ended June 30, 2024. All numbers reported below for the second quarter of 2024 are approximate until the Bank announces unaudited financial results in its Form 10-Q, which is expected to be filed with the Securities and Exchange Commission (SEC) on or about August 9, 2024. Operating Results for the Second Quarter of 2024 Net interest income for the second quarter of 2024 was $241 million, increasing slightly, compared to net interest income of $234 million for the same period in 2023. Net income for the second quarter of 2024 was $177 million, remaining relatively stable, compared to net income of $174 million for the same period in 2023. The increase in net interest income...

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Federal Home Loan Bank of Atlanta Declares a 7.35% Dividend for Second Quarter 2024

ATLANTA, July 25, 2024 (GLOBE NEWSWIRE) — The board of directors of the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today approved a second quarter 2024 cash dividend at an annualized rate of 7.35 percent. “During the first half of the year we met our members’ needs for stable liquidity, fulfilling our mission to support their businesses and promote affordable housing and community development,” said FHLBank Atlanta Chair of the Board, Thornwell Dunlap. “As a result, we are able to declare a strong second quarter dividend and return value to our members.” The dividend payout will be calculated based on members’ capital stock held during the second quarter of 2024 and will be credited to members’ daily investment accounts at the close of business on August 2, 2024. If you have questions, please contact FHLBank Atlanta’s...

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