US Market News
4月前
HOLDCO ASSET MANAGEMENT TO PRESENT AT UBS FINANCIAL SERVICES CONFERENCE IN KEY BISCAYNE, FLORIDA; RELEASES PRESENTATIONFebruary 9, 2026 9:00 AM
PR Newswire (US)
FORT LAUDERDALE, Fla., Feb. 9, 2026 /PRNewswire/ -- Today, HoldCo Asset Management, LP ("HoldCo"), a Florida-based investment firm managing approximately $2.8 billion in regulatory assets under management, announced that the firm will present at the UBS Financial Services Conference in Key Biscayne, Florida and has issued a new presentation entitled "Bank Activism – UBS Financial Services Conference" in connection with the event. The presentation outlines five public activist campaigns the firm recently pursued with respect to the following banks: KeyCorp (NYSE: KEY), Comerica Inc. (NYSE: CMA), Columbia Banking System, Inc. (NASDAQ-GS: COLB), Eastern Bankshares, Inc. (NASDAQ-GS: EBC), and First Interstate BancSystem, Inc. (NASDAQ-GS: FIBK). It also provides updates on four behind-the-scenes "soft activism" engagements with respect to the following banks: Central Pacific Financial Corp. (NYSE: CPF), TrustCo Bank Corp NY (NASDAQ-GS: TRST), Capitol Federal Financial, Inc. (NASDAQ-GS: CFFN), and Heritage Commerce Corp (NASDAQ-GS: HTBK).
The presentation may be found at the following link:https://holdcoam.co/UBS_Conference_Feb9In the presentation, HoldCo disclosed that funds managed by it and an affiliate own securities of the institutions discussed therein and consequently have an economic interest in the price of the securities of those institutions.Said HoldCo Co-Founders Vik Ghei and Misha Zaitzeff: "Over the past six months, we launched five public activist campaigns across the banking sector, each with a meaningful likelihood of progressing to a proxy contest at the respective upcoming shareholder meetings. We are pleased to report that, in every case, management teams and boards made substantive changes that meaningfully altered the trajectory of their institutions, and as a result, we will not be pursuing proxy contests at any of these five banks. In addition, we have engaged in constructive, behind-the-scenes dialogue with four other banks, and we are encouraged that each has already made material changes; we hope continued progress through 2026 will make further escalation unnecessary. Our engagement across these nine institutions is documented in the accompanying presentation, and we encourage market participants to review the materials."About HoldCo Asset Management, LPHoldCo Asset Management, LP is an investment adviser located in Fort Lauderdale, Florida. HoldCo was founded by Vik Ghei and Misha Zaitzeff. HoldCo currently has approximately $2.8 billion of regulatory assets under management.Disclaimer As of the publication date of this presentation, funds managed by HoldCo and a HoldCo affiliate have investments in securities issued by the institutions named therein. HoldCo and its affiliate may change their views about the investment positions at any time, for any reason or no reason, and at any time may change the form or substance of any of its related or unrelated investment positions. If it does so, it will not be under obligation to inform anyone and does not intend to do so unless required by law.All content in this press release and referenced presentation represent the opinions of HoldCo and are for discussion and general information purposes only. HoldCo has obtained all information herein from publicly available sources, and such information is presented "as is," without warranty of any kind whether express or implied. All data and other information are not warranted as to completeness or accuracy and reflect HoldCo's views as of this date, all of which are accordingly subject to change without notice.This document is not intended to be, nor should it be construed as, a marketing or solicitation vehicle for HoldCo or any fund managed by HoldCo, and it is not investment advice, an investment recommendation, or an offer to buy or sell or the solicitation of an offer to buy or sell any securities, including without limitation any interests in a fund managed by and/or associated with HoldCo. Any offer or solicitation may only be made pursuant to a private placement memorandum, agreement of limited partnership, or similar or related documents, which will only be provided to qualified offerees and should be reviewed carefully and in their entirety by any such offerees prior to making or considering a decision to invest in any HoldCo managed fund.The information contained in this document may include, or incorporate by reference, forward-looking statements, which would include any statements that are not statements of historical fact. These forward-looking statements may turn out to be wrong and can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors. There can be no assurance that forward-looking statements will materialize or that actual results will not be materially different than those presented.KeyCorp (NYSE: KEY)Comerica Inc. (NYSE: CMA)Columbia Banking System, Inc. (NASDAQ-GS: COLB)Eastern Bankshares, Inc. (NASDAQ-GS: EBC)First Interstate BancSystem, Inc. (NASDAQ-GS: FIBK)Central Pacific Financial Corp. (NYSE: CPF)TrustCo Bank Corp NY (NASDAQ-GS: TRST)Capitol Federal Financial, Inc. (NASDAQ-GS: CFFN)Heritage Commerce Corp (NASDAQ-GS: HTBK)
View original content to download multimedia:https://www.prnewswire.com/news-releases/holdco-asset-management-to-present-at-ubs-financial-services-conference-in-key-biscayne-florida-releases-presentation-302682206.htmlSOURCE HoldCo Asset Management
Original: HOLDCO ASSET MANAGEMENT TO PRESENT AT UBS FINANCIAL SERVICES CONFERENCE IN KEY BISCAYNE, FLORIDA; RELEASES PRESENTATION
US Market News
4月前
$30M DEI Lawsuit Alleges Comerica's Program Violates Law Ahead of Fifth Third Acquisition: Fett & Fields, P.C.January 28, 2026 6:13 PM
PR Newswire (US)
DETROIT, Jan. 28, 2026 /PRNewswire/ -- A significant employment discrimination lawsuit has been filed in the U.S. District Court for the Eastern District of Michigan against Comerica Incorporated (NYSE: CMA). The complaint alleges that the financial institution operates an unlawful Diversity, Equity, and Inclusion (DEI) program characterized by "Soviet-style" personnel controls and rigid demographic quotas.The filing comes as Comerica prepares for its scheduled acquisition by Fifth Third Bancorp on February 1, 2026.Allegations of Systematic QuotasThe lawsuit alleges that Comerica—led by CEO Curt Farmer, who is transitioning to Vice Chair at Fifth Third—established corporate-level quotas that bypass merit-based hiring. According to the complaint, senior management compensation and performance ratings are directly tied to the quota mandates.The filing highlights a specific statistic from the company's internal reporting: 100% of business units met their DEI performance goals for multiple consecutive years. The plaintiff alleges this was achieved through:Centralized HR Control: Rigorous monitoring and mandates to ensure "preferred demographics" were selected for leadership roles.Outcome Manipulation: Adjusting job titles, qualifications, or performance ratings to align with quota requirements.Compulsory Compliance: Management accountability structures that penalized leaders who did not meet demographic targets.Plaintiff Claims $30 Million in DamagesThe Plaintiff, James Spilko, a White male and Vice President at Comerica, alleges he was denied nearly 30 promotion opportunities over a five-year period despite receiving exemplary performance reviews.The lawsuit seeks damages estimated to exceed $30 million, citing violations of federal and state discrimination laws.Attorney Statement"Diversity is a laudable goal in employment and other aspects of life—as long as it is done legally," said James Fett of Fett Law, counsel for the plaintiff."Unfortunately, these illegal practices have been implemented throughout the country by some of the largest employers, and especially at the management level. Fortunately, though, the employers have been so brazen that evidence is often ample and publicly available."He added, "not all DEI practices are illegal, but egregious practices like Comerica's can be found throughout corporate America." About Fett Law: Fett Law is a premier employment litigation firm based in Michigan, specializing in complex discrimination, harassment, and retaliation cases.
View original content:https://www.prnewswire.com/news-releases/30m-dei-lawsuit-alleges-comericas-program-violates-law-ahead-of-fifth-third-acquisition-fett--fields-pc-302673025.htmlSOURCE Fett & Fields, P.C.
Original: $30M DEI Lawsuit Alleges Comerica's Program Violates Law Ahead of Fifth Third Acquisition: Fett & Fields, P.C.
US Market News
4月前
TTM Technologies, Dutch Bros, Advanced Energy Industries, and American Healthcare REIT Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600January 27, 2026 11:02 PM
PR Newswire (US)
NEW YORK, Jan. 27, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400, S&P SmallCap 600:
S&P SmallCap 600 constituent TTM Technologies Inc. (NASD: TTMI) will replace Civitas Resources Inc. (NYSE: CIVI) in the S&P MidCap 400, and Amneal Pharmaceuticals Inc. (NASD: AMRX) will replace TTM Technologies in the S&P SmallCap 600 effective prior to the opening of trading on Friday, January 30. S&P SmallCap 600 constituent SM Energy Co. (NYSE: SM) is acquiring Civitas Resources in a deal expected to be completed soon, pending final closing conditions. SM Energy will remain in the S&P SmallCap 600 post-merger.Dutch Bros Inc. (NYSE: BROS) will replace PotlatchDeltic Corp. (NASD: PCH) in the S&P MidCap 400 effective prior to the opening of trading on Monday, February 2. S&P MidCap 400 constituent Rayonier Inc. (NYSE: RYN) is acquiring PotlatchDeltic in a deal expected to be completed soon, pending final closing conditions. Rayonier will remain in the S&P MidCap 400 post-merger.S&P SmallCap 600 constituent Advanced Energy Industries Inc. (NASD: AEIS) will replace Comerica Inc. (NYSE: CMA) in the S&P MidCap 400, and Apellis Pharmaceuticals Inc. (NASD: APLS) will replace Advanced Energy Industries in the S&P SmallCap 600 effective prior to the opening of trading on Monday, February 2. S&P 500 constituent Fifth Third Bancorp (NASD: FITB) is acquiring Comerica in a deal expected to be completed soon, pending final closing conditions.American Healthcare REIT Inc. (NYSE: AHR) will replace Cadence Bank (NYSE: CADE) in the S&P MidCap 400 effective prior to the opening of trading on Monday, February 2. S&P 500 constituent Huntington Bancshares Inc. (NASD: HBAN) is acquiring Cadence Bank in a deal expected to be completed soon, pending final closing conditions.LegalZoom.com Inc. (NASD: LZ) will replace Elme Communities (NYSE: ELME) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, February 2. Elme Communities has announced ongoing liquidation activities and is no longer appropriate for the S&P SmallCap 600.Following is a summary of the changes that will take place prior to the open of trading on the effective date:Effective DateIndex Name ActionCompany NameTickerGICS SectorJan 30, 2026S&P MidCap 400AdditionTTM TechnologiesTTMIInformation TechnologyJan 30, 2026S&P MidCap 400DeletionCivitas ResourcesCIVIEnergyJan 30, 2026S&P SmallCap 600AdditionAmneal PharmaceuticalsAMRXHealth CareJan 30, 2026S&P SmallCap 600DeletionTTM TechnologiesTTMIInformation TechnologyFeb 2, 2026S&P MidCap 400AdditionDutch BrosBROSConsumer DiscretionaryFeb 2, 2026S&P MidCap 400AdditionAdvanced Energy IndustriesAEISInformation TechnologyFeb 2, 2026S&P MidCap 400AdditionAmerican Healthcare REITAHRReal EstateFeb 2, 2026S&P MidCap 400DeletionComericaCMAFinancialsFeb 2, 2026S&P MidCap 400DeletionCadence BankCADEFinancialsFeb 2, 2026S&P MidCap 400DeletionPotlatchDelticPCHReal EstateFeb 2, 2026S&P SmallCap 600AdditionApellis PharmaceuticalsAPLSHealth CareFeb 2, 2026S&P SmallCap 600AdditionLegalZoom.comLZIndustrialsFeb 2, 2026S&P SmallCap 600DeletionAdvanced Energy IndustriesAEISInformation TechnologyFeb 2, 2026S&P SmallCap 600DeletionElme CommunitiesELMEReal EstateABOUT S&P DOW JONES INDICESS&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.FOR MORE INFORMATION:S&P Dow Jones Indices
index_services@spglobal.com Media Inquiries
spdji.comms@spglobal.com
View original content:https://www.prnewswire.com/news-releases/ttm-technologies-dutch-bros-advanced-energy-industries-and-american-healthcare-reit-set-to-join-sp-midcap-400-others-to-join-sp-smallcap-600-302671845.htmlSOURCE S&P Dow Jones Indices
Original: TTM Technologies, Dutch Bros, Advanced Energy Industries, and American Healthcare REIT Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600
US Market News
4月前
11th Annual Comerica Bank North Texas Prom Dress Drive Begins on February 2January 27, 2026 9:54 PM
PR Newswire (US)
DALLAS, Jan. 27, 2026 /PRNewswire/ -- Comerica Bank will hold its 11th annual North Texas Prom Dress Drive in February. New or gently used, cleaned formal dresses and accessories (shoes, purses and jewelry) can be dropped off at seven participating banking centers. Donations will support local teens served by Boys & Girls Clubs of Collin County, Boys & Girls Clubs of Greater Dallas and Dallas CASA, helping those who may not otherwise be able to afford formal attire for prom.
This year's drive begins on Monday, Feb. 2. Donations at Mockingbird-Abrams, NorthPark and Parker-Premier banking centers will be accepted through noon on Saturday, Feb. 28. The last day to donate for the other locations is by 5 p.m. on Friday, Feb. 27.Drop-off Locations
Hours: 9 a.m.-5 p.m. (Mon-Fri) and 9 a.m.-Noon (Sat, select locations)Chapel Hill-Tollway: 2560 Dallas Parkway; PlanoForest-Inwood: 5200 Forest Lane; DallasLovers Lane-Devonshire: 5647 W. Lovers Lane; DallasMockingbird-Abrams*: 6260 E. Mockingbird; DallasNorthPark*: 8850 Boedeker Street; DallasParker-Premier*: 3310 Premier Drive; PlanoPreston John Hickman 4111 Preston Road; Frisco* Locations with Saturday drop-off hours. Project Beauty will again serve as the official drive partner, collecting dresses, donating beauty swag bags, and providing a complimentary prom-night makeover, including hair and makeup, to one teen from each benefitting agency.In March, Comerica volunteers play a key role in setting up each nonprofit's prom boutique and assisting teens during the public dress distribution events.Since 2015, Comerica has donated 7,390 dresses, including 800 in 2025, to Dallas CASA and Boys & Girls Clubs of Collin County and Greater Dallas.For more information, visit comerica.com/promdress.About Comerica Bank
Comerica Bank, a subsidiary of Comerica Incorporated (NYSE: CMA), is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, provides banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Comerica reported total assets of $80.1 billion at Dec. 31, 2025.About Boys & Girls Clubs of Collin County
For more than 55 years, Boys & Girls Clubs of Collin County (BGCCC) has provided a safe place for kids and teens to learn and grow. Our Clubs offer caring adult mentors, fun and friendship, and high-impact youth development programs on a daily basis during critical non-school hours. BGCCC impacts over 15,000 young people annually at Club locations in McKinney, Plano, Frisco, and Princeton. For more information, visit www.bgccc.org.About Boys & Girls Clubs of Greater Dallas
For over 60 years, Boys & Girls Clubs of Greater Dallas has provided life-changing services to more than a quarter of a million youth in Dallas and surrounding areas. BGCD's mission is to enable all young people, especially those who need it most, to reach their full potential as productive, caring, responsible citizens. Programming in three core areas meets the diverse needs and interests of more than 6,000 Club members, ages 6-18. These core areas include academic success, good character and citizenship, and healthy lifestyles. For more information, please visit bgcdallas.org/. About Dallas CASA
Dallas CASA (Court Appointed Special Advocates) seeks to protect children, restore childhood and help child victims of abuse or neglect achieve their full potential. The agency's trained and supervised community volunteers are assigned by judges to advocate for the best interests of children who have experienced abuse or neglect and are living in the protective care of the state. For many children in foster care, their Dallas CASA volunteer is the only consistent, caring adult in their lives during a frightening, uncertain time. Dallas CASA envisions a day when all children experience safe childhoods and grow into resourceful, healthy adults. Now in its 46th year, Dallas CASA serves more children than any of the more than 900 CASA programs nationwide. Since 2019, Dallas CASA has accepted 100% of court appointments in Dallas County child welfare cases. In 2025, 1,116 Dallas CASA volunteers were assigned to advocate for 2,340 children in protective care. To learn more, visit dallascasa.org.
View original content to download multimedia:https://www.prnewswire.com/news-releases/11th-annual-comerica-bank-north-texas-prom-dress-drive-begins-on-february-2-302671798.htmlSOURCE Comerica Bank
Original: 11th Annual Comerica Bank North Texas Prom Dress Drive Begins on February 2
fuzzy
7年前
Comerica Directors Declare Dividend
Board authorizes share repurchase program
PR Newswire
DALLAS, Nov. 5, 2019
DALLAS, Nov. 5, 2019 /PRNewswire/ -- The Board of Directors of Comerica Incorporated (NYSE: CMA) today declared a quarterly cash dividend for common stock of 67 cents ($0.67) per share. The dividend is payable January 1, 2020, to common stock shareholders of record at the close of business on December 13, 2019.
In addition, the Board approved the authorization to repurchase up to an additional 7.0 million shares of Comerica Incorporated outstanding common stock. This authorization is in addition to the 3.2 million shares remaining at September 30, 2019 under the Board's prior authorizations for the share repurchase program. The company continues to target a common equity Tier 1 capital ratio of approximately 10 percent with continued active capital management. The timing and actual amount of share repurchases are subject to various factors, including the company's financial performance and market conditions. Shares will be purchased occasionally in the open market, through privately negotiated transactions, utilizing Rule 10b5-1 plans or otherwise. The repurchased shares may be held as treasury stock or retired.
kmx_swing
14年前
Comerica Directors Declare Dividend
DALLAS, July 24, 2012 /PRNewswire/ -- The Board of Directors of Comerica Incorporated today declared a quarterly cash dividend for common stock of 15 cents ($0.15) per share. The dividend is payable October 1, 2012, to common stock shareholders of record September 15, 2012. As September 15, 2012 falls on a Saturday, the effective record date for the dividend will be the close of business on Friday, September 14, 2012.
http://investor.comerica.com/phoenix.zhtml?c=114699&p=irol-newsArticle&ID=1717968&highlight=