latest news releases from the newsroom
Special Olympics Canada
SOC Wins PRESTIGE Award for Sustainable Event of the Year
TORONTO, March 31, 2015 (GLOBE NEWSWIRE) -- Special Olympics Canada is delighted to announce it is the recipient of this year's 2015 Canadian Sport Tourism Alliance (CSTA) PRESTIGE Award for Sustainable Sport Event of the Year for the Special Olympics Canada 2014 Summer Games that took place in July, 2014 in Vancouver, British Columbia.
CommunityOne Bancorp Announces Purchase of Branch in Lenoir, NC From CertusBank, N.A. CommunityOne Bank Will Assume CertusBank Deposits in the Western North Carolina Area
CHARLOTTE, N.C., March 31, 2015 (GLOBE NEWSWIRE) -- CommunityOne Bancorp (Nasdaq:COB), the Charlotte, North Carolina holding company for CommunityOne Bank, N.A. ("CommunityOne"), announced today that CommunityOne has agreed to acquire the Lenoir, North Carolina branch of CertusBank, N.A. and assume the customer deposits of CertusBank from its Lenoir and Granite Falls branches in western North Carolina. This purchase, which is expected to close in the second quarter, and is subject to regulatory approval, will expand CommunityOne's branch network to 12 branches in the Caldwell/Catawba area and cement its position as the second largest community bank there.
KCAP Financial, Inc.
KCAP Financial, Inc. Announces Pricing of a $463.8 Million CLO Fund to be Managed by Trimaran Advisors Management, L.L.C.
NEW YORK, March 31, 2015 (GLOBE NEWSWIRE) -- KCAP Financial, Inc. ("KCAP") (Nasdaq:KCAP) (NYSE:KAP) announced that Catamaran CLO 2015-1 Ltd., a $463.8 million Collateralized Loan Obligation ("CLO") fund has priced. Trimaran Advisors Management, L.L.C., a wholly owned portfolio company of KCAP, will serve as the investment manager for the CLO and KCAP will invest approximately $12 million across certain junior tranches of notes issued by the fund. This is the fifth CLO fund brought to the market since KCAP's acquisition of Trimaran Advisors, L.L.C. in February of 2012.