On Tuesday, Umpqua Holdings Corp (NASDAQ:UMPQ)’s shares inclined 1.41% to $18.75.
Umpqua Holdings Corporation (UMPQ), the parent company of Umpqua Bank and Umpqua Investments, Inc., recently declared that its Board of Directors has approved a quarterly cash dividend in the amount of $0.15 per common share. The dividend is payable on July 15, 2015, to shareholders of record as of June 30, 2015.
Umpqua Holdings Corporation, through its auxiliaries, engages in the commercial and retail banking, and retail brokerage businesses. It operates through two segments, Community Banking and Home Lending. The Community Banking segment provides loan and deposit products to business and retail customers. The Home Lending segment originates, sells, and services residential mortgage loans.
NCR Corporation (NYSE:NCR)’s shares gained 0.54% to $33.80.
OceanFirst Bank, the largest and oldest community bank headquartered in Ocean County, N.J., is working with Digital Insight, an NCR company, to offer OceanFirst Bank customers Touch ID functionality with its mobile banking application. Using built-in fingerprint sensor technology, Touch ID allows OceanFirst Bank customers to log in to their mobile banking application without entering traditional login credentials.
Touch ID gives customers the convenience to access their finances in a more simple and secure way. OceanFirst Bank is now offering customers the ability to:
- Log in to their mobile banking with the same level of access as if they had entered a valid username and password
- Seamlessly store their fingerprints on their mobile devices
- Safeguard sensitive financial information as fingerprints are encrypted with a key that is only accessible to the device
NCR Corporation, a technology company, provides solutions and services that enable businesses to connect, interact, and transact with their customers worldwide. The company operates through four segments: Financial Services, Retail Solutions, Hospitality, and Emerging Industries. The company offers financial-oriented self-service technologies, such as automated teller machines (ATM), cash dispensers, software solution, cash administration and video banking software, and customer-facing digital banking services, in addition to professional services related to ATM security, software, and bank branch optimization.
At the end of Tuesday’s trade, KKR & Co. L.P. (NYSE:KKR)‘s shares surged 0.63% to $23.27.
C.H.I. Overhead Doors, a North American manufacturer of residential and commercial garage doors, declared recently that KKR & Co. L.P. (KKR), a leading global investment firm, is acquiring the company from FFL, a San Francisco-based middle-market private equity firm. Terms of the transaction were not revealed.
Headquartered in Arthur, Illinois, CHI manufactures overhead sectional garage door products for the residential and commercial markets, as well as rolling steel doors for commercial and industrial customers. Founded in 1993, the Company has built a reputation for high quality products and best-in-class customer service while achieving steady, profitable growth. Recently, CHI has more than 1,500 dealer / installer customers in North America and roughly 800 employees.
Fully committed financing is being offered by UBS Investment Bank and KKR Capital Markets. Kirkland & Ellis LLP served as legal counsel to KKR. CHI and FFL received financial advice from Barclays and Credit Suisse and legal advice from Willkie Farr & Gallagher LLP.
KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, administration buyouts, credit special situations, growth equity, mature, mezzanine, distressed, and middle market investments.
AirMedia Group Inc (ADR) (NASDAQ:AMCN), ended its Tuesday’s trading session with -1.40% loss, and closed at $4.94.
AirMedia Group Inc (ADR) (AMCN) and/or certain of its officers complied with the federal securities laws when making public statements regarding the Company’s business and prospects. On June 15, 2015, AirMedia declared entry into a definitive agreement to sell 75 percent of its advertising business for $344 million (RMB 2.1 billion). The price of its stock fell dramatically following the declarement, which indicated a formerly declared potential deal with Shenzhen Liantronics Co. was terminated.
AirMedia Group Inc. operates out-of-home advertising platforms primarily in the People’s Republic of China. The company operates a network of digital TV screens on planes operated by seven airlines; traditional media in airports, such as light boxes, billboards, and painted advertisements; and gas station media displays, in addition to other outdoor media displays out of the air travel advertising sector.
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