Clothing business – Michael Kors Outlete INC http://michaelkorsoutleteinc.com/ Tue, 13 Sep 2022 21:41:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://michaelkorsoutleteinc.com/wp-content/uploads/2021/10/icon-2.png Clothing business – Michael Kors Outlete INC http://michaelkorsoutleteinc.com/ 32 32 Enterprise Community Development Announces Funding for Redevelopment Project | Housing Finance Magazine https://michaelkorsoutleteinc.com/enterprise-community-development-announces-funding-for-redevelopment-project-housing-finance-magazine/ Tue, 13 Sep 2022 19:44:41 +0000 https://michaelkorsoutleteinc.com/enterprise-community-development-announces-funding-for-redevelopment-project-housing-finance-magazine/ Enterprise Community Development’s Roslyn Rise development funding will include 4% and 9% low-income housing tax credits. Enterprise Community Development (ECD) announced the closing of construction financing for the Roslyn Rise redevelopment project in Columbia, Maryland. The first part of a multi-phase redevelopment of an aging housing community, Roslyn Rise will feature 153 units in a […]]]>
Enterprise Community Development’s Roslyn Rise development funding will include 4% and 9% low-income housing tax credits.

Enterprise Community Development (ECD) announced the closing of construction financing for the Roslyn Rise redevelopment project in Columbia, Maryland.

The first part of a multi-phase redevelopment of an aging housing community, Roslyn Rise will feature 153 units in a mixed-income community.

The property has provided affordable housing for 58 families since the 1960s, but like many other communities built at that time, its affordability clauses were due to expire and the infrastructure, floor plans and amenities were outdated by comparison. to today’s standards, according to officials. .

Community Homes Housing, which owned the development, partnered with ECD to reinvent Roslyn Rise while preserving and increasing the supply of affordable housing for future generations.

The new community will consist of two four-story structures served by elevators containing surface parking and an underground garage. There will be a mix of one, two, three and four bedroom units with common areas that will include a club room, after school homework club area, fitness center and business center . The Roslyn Rise community will also feature on-site outdoor recreation areas, including a signature area, dog park, playground and family recreation area, as well as connections to outdoor trails and facilities. of recreation maintained by the Columbia Association.

The infrastructure will be built to National Green Building Standard requirements and will include green features including Energy Star appliances, high-efficiency HVAC systems, heat pump water heaters and solar hot water.

Funding for the new Roslyn Rise redevelopment will be through a 4% and 9% Low Income Housing Tax Credit (LIHTC) structure with separate single purpose ownership entities: 94 units (4% building) owned by Roslyn Rise Four and 59 units (9% building) owned by Roslyn Rise Nine.

Total redevelopment costs are $39.1 million for Roslyn Rise 4% and $31.2 million for Roslyn Rise 9%.

The developments are backed by construction loans from Bank of America; LIHTC shares of Bank of America and syndicated by Enterprise Housing Credit Investments; the first permanent mortgages issued by Bellwether Enterprise; significant subordinated debt from Community Homes Housing and Maryland Community Development Administration; tax-exempt bond debt issued by Maryland CDA; and a payment in lieu of taxes agreement through Howard County. Supportive funding from Fannie Mae through the Healthy Housing Rewards Enhanced Resident Services program was provided in exchange for ECD’s commitment to providing enhanced resident services to improve resident health and stability throughout the term of the mortgage.

Grimm & Parker is the project architect and Harkins Builders is the general contractor. Enterprise Residential, a subsidiary of ECD, will serve as the property management company and coordinate resident services.

]]>
Biden makes a splash with union workers during Labor Day visit to Milwaukee https://michaelkorsoutleteinc.com/biden-makes-a-splash-with-union-workers-during-labor-day-visit-to-milwaukee/ Tue, 06 Sep 2022 11:53:07 +0000 https://michaelkorsoutleteinc.com/biden-makes-a-splash-with-union-workers-during-labor-day-visit-to-milwaukee/ In glorious sunshine at Milwaukee’s first official Labor Day celebration since 2019, President Joe Biden rallied 6,000 union members in a speech befitting the holiday’s unofficial role: kicking off the home stretch of the fall election campaign. Biden’s speech, delivered at Laborfest on the grounds of the Milwaukee Summerfest, was an opportunity for the president […]]]>

In glorious sunshine at Milwaukee’s first official Labor Day celebration since 2019, President Joe Biden rallied 6,000 union members in a speech befitting the holiday’s unofficial role: kicking off the home stretch of the fall election campaign.

Biden’s speech, delivered at Laborfest on the grounds of the Milwaukee Summerfest, was an opportunity for the president to tout legislative victories and recap his speech last week in Philadelphia, when he warned that out of loyalty to the he former President Donald Trump, the dominant voices in the Republican Party embrace violence and reject democracy.

The Jan. 6 attack on the U.S. Capitol to block the November 2020 election results in which Biden defeated Trump was “an attack on American democracy and everything we stand for,” Biden said.

He also looked at a wholehearted endorsement of unions in the American workplace.

Two of the speakers who preceded him — AFL-CIO National President Liz Shuler and U.S. Labor Secretary Marty Walsh — hailed Biden as a champion of organized labor.

Shuler called him “the most pro-union president in history.” Walsh, who entered politics after a career in the Labor Union, agreed. “There has never been a more pro-worker, pro-worker president in the history of the United States,” he said. “President Joe Biden is our champion for workers across his country.”

When it was his turn, Biden warmly claimed the banner, crediting union support with helping him win his first U.S. Senate seat at age 29. “The middle class built America – everyone knows that. But unions built the middle class,” Biden said to thunderous applause.

Biden later recalled when President Franklin D. Roosevelt signed the National Labor Relations Act in the 1930s, establishing the federal right of workers to form unions. “He didn’t say it was OK to vote [for unions]”, Biden said. “The language said: We should encourage unions.” As the applause rang out, he raised his voice: “Well, I encourage unions!” he said, to more cheers .

By the time Biden spoke, others on the podium had already referenced the iconic pieces of legislation that marked Biden’s first two years in office.

U.S. Representative Gwen Moore (D-Milwaukee) pointed to the bipartisan $1.2 trillion infrastructure bill which, among many other items, includes provisions to replace lead pipes in utility systems. water supply across the country.

Walsh boasted that the bipartisan CHIPS Act to boost the national microprocessor industry would lead to “thousands of new jobs, thousands of good union jobs all over the United States of America”.

Biden pointed to both laws. He also touted the recently enacted Inflation Reduction Act, including provisions allowing Medicare to negotiate prices for expensive prescription drugs, capping prescription drug costs for Medicare patients, and requiring most corporations to pay a minimum income tax of 15%.

He noted that Sen. Ron Johnson (R-Wisconsin) voted against the measures, particularly pointing to savings on prescription drugs because it would “punish” the prescription drug industry. “Come on, man! Biden said, to hearty laughter from the crowd.

Early on, Biden reaffirmed his evocation of the United States as a country “of unity and optimism – not a nation of division, violence and hatred as has been preached by others”.

As he did last week in Philadelphia, Biden has sought to separate “MAGA Republicans” who have defended Trump’s continued lies about the 2020 election results from other GOP members.

“I want to be very clear up front – not all Republicans are MAGA Republicans. Not all Republicans embrace this extreme ideology. I know this because I have been able to work with mainstream Republicans my entire career. But, he said, the “extreme MAGA Republicans in Congress have chosen to back down, full of anger and violence, hatred and division. But together we can and must choose another path.

He returned to the subject later, telling the crowd that “we remain in the battle for America’s soul” when a disrupter interrupted him. “God loves you,” Biden said, and as others in the audience booed the heckler, the president said, “Let him go – no, no, no… Let him go, listen, everyone has the right to be an idiot.”

Getting serious again, he concluded his speech by recalling the attack on the Capitol and the deaths that occurred — criticizing Johnson along the way for describing the day as a “peaceful protest.” “There is no democracy where you can be pro-insurgency and pro-democracy,” Biden said.

The enthusiastic applause suggested that the president had made a splash with the crowd. Governor Tony Evers, running for re-election this fall, was also warmly applauded.

Lieutenant Governor Mandela Barnes, who is running to unseat Johnson in the Senate, appeared at Labor Fest earlier in the day but did not join the president on stage. Speakers, including Biden, congratulated him from the podium, to cheers from the crowd.

At the end of the speeches, Ross Winklbauer, a former United Steel Workers union leader, called the event “fabulous” and said he was optimistic that Biden and the Democratic Party would hold out in the November election without losing either. chambers of Congress, defying what have been the predictions of most political pundits until recently.

Pam Fendt, chairwoman of the Milwaukee County Labor Council, which organizes the annual Laborfest event, said the group estimated about 6,000 people attended. Until Election Day, she said, unions will use organizing tactics to encourage voters to vote for Democrats.

“He speaks one on one,” she said. “Finding common ground on what people need in their quality of life.”

Stu Wilson, a sales agent for Sheet Metal Workers Local 18, said it was important workers heard “what President Joe Biden has promised — and delivered.”

Jeryllyn Jeanes, a Service Employees International Union Local 1 member and janitor in downtown Milwaukee, said she was happy for Biden’s visit.

Jeanes noted in particular the prescription drug price cap for Medicare as well as Biden’s executive order canceling $10,000 in college debt for people with student loans.

After Biden’s speech, Republican gubernatorial candidate Tim Michels issued a statement criticizing Biden and Evers for “demanding that shopkeepers and other workers repay the debts of people who, in many cases, earn more than them.

Jeanes scoffed at the suggestion that debt cancellation will benefit the wealthy at the expense of workers who have not gone to college. Low-income families with children who have taken out college loans will also benefit, she said.

“He fights for all working class people,” Jeanes said of Biden. “He is the first president in a long time where we have had to defend the unions and the workers. He is not afraid of the word “union”.

Get morning headlines delivered to your inbox

]]>
When it comes to federal loan cancellation plan, NH residents barely see a dent in their record debt https://michaelkorsoutleteinc.com/when-it-comes-to-federal-loan-cancellation-plan-nh-residents-barely-see-a-dent-in-their-record-debt/ Sat, 03 Sep 2022 16:55:31 +0000 https://michaelkorsoutleteinc.com/when-it-comes-to-federal-loan-cancellation-plan-nh-residents-barely-see-a-dent-in-their-record-debt/ Alessandro Morales’ plan after graduating from the University of New Hampshire was to transfer to graduate school to pursue a career in public education. However, the expense of earning his first degree stopped him on the path to pursuing a second. Morales graduated in May with $82,000 in private loans and $20,000 in federal loans […]]]>

Alessandro Morales’ plan after graduating from the University of New Hampshire was to transfer to graduate school to pursue a career in public education.

However, the expense of earning his first degree stopped him on the path to pursuing a second.

Morales graduated in May with $82,000 in private loans and $20,000 in federal loans after paying in-state tuition for four years. UNH has one of the highest attendance costs for public universities in the nation, costing New Hampshire students more than $35,000 a year in tuition and fees before financial aid.

Even if President Joe Biden’s student debt relief becomes a reality — with up to $10,000 in forgiveness for those earning less than $125,000 and $20,000 in loan forgiveness for Pell Grant recipients — the vast majority of Morales’ debt will remain even though he qualified for a Pell Grant his freshman year.

“While $20,000 seems significant to many graduates, it only covers a fraction of all loans,” he said. “People like me who have private loans are unaffected by the federal loan cancellation.”

Morales now works as a teller at TD Bank to reduce his debt before applying for graduate school. He hopes to launch a graduate program in the fall of 2023, funding it primarily through stipends and other grants.

He’s already using his paycheck to pay off the debt he accumulated while earning his history degree.

“Even with a higher hourly wage than most jobs, I struggle to cover student loan payments as well as other living expenses,” he said.

Morales is not alone. In New Hampshire, 70% of graduates from all colleges and universities have student debt, which is the second highest rate in the nation.

Granite State — which contributes the least to higher education of all states — also has the highest average student debt in the nation at $39,950. These factors combine to create a young working class in the state that has less money to buy cars and houses and start a family.

In-State Tuition

When Daisy Young applied to college, she thought of UNH as a fallback option to the five or six other schools she had applied to.

But when she weighed the cost of her college education, knowing she would have to take out and repay loans on her own, it turned out to be her most affordable option.

“We’re kind of right in the middle of the gap where we can’t actually afford to pay the expected family contribution that the FAFSA wants us to make, and then we don’t get enough money from the schools to actually be able to go,” she said. said. “So I just couldn’t afford the other schools.”

Young, who is currently a senior at UNH, will graduate in May with about $30,000 in federal loans.

New Hampshire is a notoriously expensive state for residents, like Young, to earn a four-year undergraduate degree. The average cost of annual attendance at public universities in the state is $29,222, according to the Education Data Initiative.

At the University of New Hampshire’s main campus in Durham, in-state tuition, plus room and board, is $31,700. Including transportation, books, supplies and other expenses, the cost of participation is estimated at $35,350.

Even though New Hampshire’s university system has frozen tuition in the state for the fourth straight year, it still has one of the most expensive prices in the state.

With in-state tuition exceeding the national average, approximately 44% of New Hampshire residents who attend college choose to continue their education at out-of-state schools. Only 25% of the state’s students grew up here. That’s a problem for an aging state filled with businesses desperate to hire new employees.

It’s also a problem of differing opinions on how to keep graduates here.

In 2019, an incentive program for college graduates was established by law without the governor’s signature. Employers who participate in the program agree to pay new employees at least $1,000 per year for the first four years of their employment to start their careers here.

Governor Chris Sununu, however, refused to sign the bill. His solution to graduate retention was a budget proposal for $16 million in student debt relief and a labor recruitment program.

With Biden’s pardon plan, New Hampshire residents are split on favor. In a UNH poll, 45% of respondents said they supported the plan, while 49% disagreed.

However, 63% of respondents aged 18 to 34 are in favor of canceling loans. This is often the demographic that pays off the debt, as many payment plans span 10 or 20 year periods.

Levels of indebtedness

Based on Biden’s proposed relief plan, Young would see up to $10,000 in aid.

“The student loan forgiveness would apply to me and it would definitely help,” she said. “In addition to other loans, as I have car loans that I pay off, it’s really intimidating.”

At the University of New Hampshire’s main campus, graduates left Durham with an average debt of $45,775 in 2019-20, according to The Institute for University Access and Success. Three quarters of all graduates left school with some debt.

At UNH-Manchester, 68% of graduates left school with an average debt of $29,588.

Beginning in 2017, the New Hampshire University System introduced the Granite Guarantee, which guarantees that any New Hampshire freshman eligible for a Pell Grant will pay zero tuition.

When the program was introduced, it was estimated that 21% of all New Hampshire undergraduates were eligible for Pell. In 2017, UNH expected the Granite Guarantee to help 285 students.

Currently, UNH officials say the program is helping more than 800 students.

Even with programs like the Granite Guarantee, the idea of ​​debt is hard to grasp for young students starting their undergraduate studies, Young said. Now, with graduation looming, she is faced with the reality of the choices she made four years ago.

“I don’t think you really understand what $30,000 debt is when you’re 18,” she said. “Now I look back regretting those decisions.”

]]>
The Berkeley Rep Theater will open downtown accommodations for visiting performers https://michaelkorsoutleteinc.com/the-berkeley-rep-theater-will-open-downtown-accommodations-for-visiting-performers/ Fri, 02 Sep 2022 20:51:41 +0000 https://michaelkorsoutleteinc.com/the-berkeley-rep-theater-will-open-downtown-accommodations-for-visiting-performers/ Susie Medak stands in the courtyard of the new guest artist housing in downtown Berkeley. It is a LEED Gold building designed with the needs of guest artists in mind. Credit: Ximena Natera, Berkeleyside/CatchLight On a typical evening when a show is in town at the Berkeley Repertory Theater, actors, directors and staff spend hours […]]]>
AUGUST 31 – Medak Center, Berkeley Rep artist housing
Susie Medak stands in the courtyard of the new guest artist housing in downtown Berkeley. It is a LEED Gold building designed with the needs of guest artists in mind. Credit: Ximena Natera, Berkeleyside/CatchLight

On a typical evening when a show is in town at the Berkeley Repertory Theater, actors, directors and staff spend hours rehearsing into the night, bussing back and forth between scattered apartments rented by the theater. in the city.

The costs of these units have skyrocketed along with Berkeley rents over the past decade. A budget of around $300,000 grew to nearly $2 million, and in difficult situations the theater had to shell out up to $6,800 in monthly rent for company-owned apartments.

“If we lose the next generation of artists, then what kind of city will we be in 10 years?”

Susie Medak, former chief executive of Berkeley Rep

But the theater’s decades-long vision of housing performers on its own property is finally coming to fruition with the debut of the Medak Center this fall. The 45-unit artist housing complex is nearly ready to open in downtown Berkeley’s Addison Street performing arts center next to good company from Aurora Theater, Freight and Salvage, California Jazz Conservatory and the UC Theater.

It is named after Susie Medak, the theater’s outgoing general manager, who led the team for 32 years until August. It also contains new classrooms, a gallery and studio, offices, warehouses, outdoor courtyards and socializing space.

“Berkeley’s identity is tied to our political activism, while being a city that values ​​culture and art,” Medak said Wednesday afternoon, standing in one of the building’s bright new studios. “If we lose the next generation of artists, then what kind of city will we be in 10 years?”

Susie Medak, who retired in August after a 32-year tenure at the Berkeley Repertory Theater, poses for a portrait in one of the new Medak Center studios. “We wanted the space to be a home for visitors,” she said. Credit: Ximena Natera, Berkeleyside/ CatchLight

Most people working at Rep are visitors. However, Medak said 30% of the theater’s permanent staff come from its annual scholarship program, which will soon have access to suite-style apartments in the housing complex adjacent to the studios for artists in the shows.

The rep is also in the process of deciding if he can rent rooms to nearby arts organizations that need housing or other nonprofits. Medak said requests have already started coming in, and the Berkeley rep hopes to offer a deeply discounted rent if their artist schedules leave venues open during the year.

It is industry standard for theaters to rent housing to their hired performers for free, and while some theaters across the country own their properties for housing, it is still rare that this housing is on-site and fully integrated into the property.

In years past, Medak said Berkeley Rep housed artists all over town; they stayed in a building in North Berkeley on Delaware Street (not so fondly called “sent-o-wares”), crammed into units on Regent Street and apartments on Addison Street that Medak said were “just awful” . In a university town, it was also difficult for the staff to find accommodation where the artists could rest peacefully after long days and nights of rehearsals.

“I scoured every empty building in Berkeley for years looking for a suitable home,” said Medak, who never imagined herself in the “construction” industry. But she oversaw the construction of the 600-seat Roda Theater in 2001, the renovation of the 400-seat Peet’s Theater in 2016 and the establishment of the School of Theater in 2001 during her tenure.

The Medak housing is his last project before leaving Berkeley Rep, and he is expected to welcome his first batch of fellows this fall and guest artists with the Wuthering Heights cast in November.

Pam MacKinnon, artistic director of the American Conservatory Theater across the bay from San Francisco, directed a show at the Berkeley Rep during her former freelance career. Having traveled across the country for shows, she said a big part of a theater’s job is to create a supportive environment for performers.

“It can take weeks and weeks to be away from home, it’s inherently stressful,” MacKinnon described. “If this accommodation allows Berkeley Rep to have more flexibility in what they put on their stages and makes artists feel supported, I think it serves the community.”

A studio inside the new Medack Center next to Berkeley Rep Credit: Ximena Natera for Berkeleyside/CatchLight

The COVID-19 pandemic nearly crushed the housing project

Like all arts institutions in Berkeley, the Berkeley Rep closed its doors and halted programming when news of the COVID-19 pandemic arrived in March 2020.

At a dramatic board meeting the following month, Medak and others weighed the current chaos with the theater’s future.

“It was the culmination of 20 years of planning,” Medak said. “We were so close to pulling the plug, but I realized that if we don’t build it now, we will never build it.”

Berkeley Rep decided to move forward with funding from New York-based Signature Bank, which agreed to fund the entire project. The bank loaned Berkeley Rep $38 million for the $26 million construction, according to Medak, who said it was the ‘right project at the right time’ for the bank as it expands on the coast west. She said the bank has also supported theater-related projects in New York.

The mixed-use building is a one-of-a-kind project built by Cahill Construction, envisioned by the San Francisco-based team at Berkeley Rep and De Quesada Architects. It is designed to specifically serve artists with quiet rooms and direct pathways to rehearsal spaces with safety and privacy in mind.

When celebrities are in town for certain productions (like Sir Patrick Stewart, Sir Ian Mckellan, the late Carrie Fisher and others played Berkeley Rep), there are secret hallways for them to enter and exit the space.

Berkeley Repertory Theater Facilities Director Mark Morrisette inside a studio in the new housing development. Credit: Ximena Natera for Berkeleyside/CatchLight

Having on-site accommodation will also significantly reduce the workload of staff members who spend most of their time coordinating apartment rentals, transport and logistics, said Mark Morrisette, facilities manager of the representative from Berkeley.

“It gives us control of our space and proximity to the downtown arts district, it reduces transportation and our carbon footprint, as well as significant time savings for staff,” Morrisette said.

Berkeley’s arts organizations have largely been able to stay afloat thanks to Paycheck Protection Program (PPP) loans during the pandemic. According to federal data, Berkeley Rep received between $1 million and $2 million in PPP loans from Signature Bank in April 2020.

Berkeley Rep sees the housing project as another way to stabilize its presence for decades to come and allow artists to continue performing and build the city’s cultural cachet. On-site housing is also important because the theater cannot continue to raise its ticket prices to offset housing costs, Medak said, in an effort to keep its shows open to large audiences.

“Artists don’t make a lot of money, and the city has been losing artists for years because our rents are so high,” Medak said. “It is in the interest of the community to ensure that cultural organizations can thrive. If artists help us see ourselves, what does it mean when we don’t have artists to do it? »

Berkeley Rep initially planned live work spaces in its Harrison Street outpost, where staff build sets and do other manufacturing work. The Bay Area arts community is still healing from wounds from the Ghostship Warehouse Fire in Oakland, where 36 people — including a Berkeley Rep student — died in a fire at an unsanctioned artists’ residence. New Medak homes, as well as upcoming projects, emphasize fire safety and compliance with building codes.

Eventually, the theater hopes the Medak Center will become a hub for interdisciplinary artists with collaborations between various arts organizations in the city.

Students, low-income residents and the homeless are struggling to cope in a regional housing crisis that affects all populations. Medak said building any additional forms of housing benefits Berkeley’s broader ecosystem, and showing that artists are a priority in the crisis can also pave the way for creative new forms of housing to serve residents.

“The city bent over backwards to try to help us figure out how to do this,” Medak said. “I think every time one of us works with the city on a project that breaks the mould, to rethink what housing can look like, it benefits the next project.”

]]>
BWE closes $74,999,900 HUD 221(d)(4) loan for new construction multifamily property in Prescott Valley, AZ https://michaelkorsoutleteinc.com/bwe-closes-74999900-hud-221d4-loan-for-new-construction-multifamily-property-in-prescott-valley-az/ Wed, 31 Aug 2022 01:04:58 +0000 https://michaelkorsoutleteinc.com/bwe-closes-74999900-hud-221d4-loan-for-new-construction-multifamily-property-in-prescott-valley-az/ Bellwether Enterprise Real Estate Capital LLC (BWE), a national commercial and multifamily mortgage company, today announced the closing of a $74,999,900 U.S. Department of Housing and Urban Development 221(d)(4) loan for the construction of Legado Apartments, a multi-family property located in downtown Prescott Valley, AZ. Jim Swanson, executive vice president of BWE’s Phoenix office, originated […]]]>

Bellwether Enterprise Real Estate Capital LLC (BWE), a national commercial and multifamily mortgage company, today announced the closing of a $74,999,900 U.S. Department of Housing and Urban Development 221(d)(4) loan for the construction of Legado Apartments, a multi-family property located in downtown Prescott Valley, AZ.

Jim Swanson, executive vice president of BWE’s Phoenix office, originated the loan through HUD’s 221(d)(4) mortgage insurance program on behalf of the developer, Fain Signature Group. Fain Signature Group has worked in Prescott Valley since 1874.

“BWE is proud to have worked with Fain Signature Group to bring much needed additional rental housing to the community,” Swanson said. “Despite recent apartment growth, Prescott Valley is still one of the most underserved communities in Arizona. The new community, located in the heart of downtown Prescott Valley, will contribute to the economic and employment growth of the region as a whole.

Legado Apartments is a 329-unit luxury multi-family apartment building consisting of one-, two-, and three-bedroom units. Unit amenities include Energy Star appliances, washer/dryers, patio/balcony storage, and panoramic views. The gated community offers electric vehicle charging stations, elevators to all apartment floors, and a parking garage. Communal facilities include a community room/clubhouse with free Wi-Fi, poolside cabanas and spa, fitness center, picnic area with BBQ and recreation areas with a barbecue. dog park and a dog wash station. The property will be built to high energy efficiency standards and will earn Energy Star certification upon completion.

As part of the mixed-use residential and commercial development project located in the Prescott Valley Entertainment District, the property will also have a rooftop restaurant open to the public and a variety of restaurants, including cafes and retail on the first floors. and sixth floors of the property. When completed, Legado Apartments will be the region’s first rental community.

The non-recourse and fully assumable loan has a fully amortizing 40-year loan term. Financing provided by HUD provides a combined construction and permanent loan for multi-family projects at market rates, such as Legado Apartments. For more information on FHA-insured multifamily housing and health care products, visit https://www.bwe.com/fha.

BWE offers flexible financing solutions for clients spanning the full spectrum of commercial and multi-family real estate. For more information on BWE’s services, visit us at: https://www.bwe.com/.

BWE is a national, full-service, multi-family commercial mortgage banking company. In partnership with Enterprise Community Partners, Inc., BWE has production offices nationwide and an integrated service platform based in Cleveland. Through our local market expertise, national lending relationships and experience in structuring financing, we offer our clients competitive and creative solutions for their financing needs. BWE provides loans to a range of institutional investors including life insurance companies, pension funds, commercial banks and CMBS lenders and is a Fannie Mae Delegated Underwriting and Servicing (DUS®), Freddie Mac Optigo™ Vendor/Repairer for Conventional and Targeted Affordable Housing Loans, Federal Housing Administration (FHA) Approved Multifamily Accelerated Processing (MAP) Lender and U.S. Department of Agriculture Section 538 Rural Development Lender States (USDA).

(Visited 1 time, 2 visits today)

]]>
Ohioans are more likely to watch a US Senate debate than a gubernatorial debate, according to Governor Mike DeWine’s remarks: Capitol Letter https://michaelkorsoutleteinc.com/ohioans-are-more-likely-to-watch-a-us-senate-debate-than-a-gubernatorial-debate-according-to-governor-mike-dewines-remarks-capitol-letter/ Mon, 29 Aug 2022 12:00:00 +0000 https://michaelkorsoutleteinc.com/ohioans-are-more-likely-to-watch-a-us-senate-debate-than-a-gubernatorial-debate-according-to-governor-mike-dewines-remarks-capitol-letter/ Rumbles from the rotunda In debate? U.S. Senate candidates from Ohio, Democrat Tim Ryan and Republican JD Vance, each announced on Friday that they had accepted multiple debate invitations. But as Jeremy Pelzer reports, the places and times of debate announced by each do not correspond to what their opponent has accepted. Meanwhile, Democratic gubernatorial […]]]>

Rumbles from the rotunda

In debate? U.S. Senate candidates from Ohio, Democrat Tim Ryan and Republican JD Vance, each announced on Friday that they had accepted multiple debate invitations. But as Jeremy Pelzer reports, the places and times of debate announced by each do not correspond to what their opponent has accepted. Meanwhile, Democratic gubernatorial candidate Nan Whaley continues to push Republican Gov. Mike DeWine to debate, but DeWine said again on Friday that he still plans to attend something other than newspaper editorial board meetings. (some of which are broadcast online).

Candidate challenge: A retired Ohio Supreme Court justice has recommended that Secretary of State Frank LaRose decertify an election conspiracy theorist’s candidacy to challenge him in the November election as a political independent. As Andrew Tobias writes, Terrence O’Donnell on Friday recommended rejecting 18 of the 5,010 voter signatures that Terpsehore “Tore” Maras submitted with his candidate petitions last month, which would drop her below the threshold of 5,000 signatures that independent candidates must reach to make the ballot. Partially agreeing in favor of a July 30 lawsuit filed by a senior Ohio Republican Party official, O’Donnell cited a variety of technical grounds, including addresses written by voters that did not match the address of their electoral register. A spokesperson for LaRose said the office is considering the recommendation.

Jail time: Gov. Mike DeWine announced another round of funding for local jail building and renovation projects. According to Tobias, the $51 million for local projects comes from the $3.5 billion capital budget bill passed by lawmakers in June. The money is intended to promote prison modernization projects aimed at reducing inmate recidivism.

Down to the roots: Tony Lee Coffman, 59, of Birch River, West Virginia, has been charged in federal court in Columbus with acquiring illegally transported ginseng. Laura Hancock writes that the roots of American ginseng, which grows in the shady, mature forests of Appalachia, can sell for hundreds of dollars a pound because they have become popular in Chinese herbal medicine.

Gas attack: The US Department of the Interior has given Ohio $25 million in bipartisan infrastructure bill funding that the state will use to plug between 170 and 320 abandoned oil and gas wells, writes Sabrina Eaton. The Ohio Department of Natural Resources says it has yet to identify specific wells that will be plugged with the latest round of funding. Most of Ohio’s 88 counties contain orphan oil and gas wells.

Go to court: Eric Ungaro, a Polish township administrator, is asking the Ohio Supreme Court to rule that his name will be listed on the Nov. 8 ballot as an independent candidate for State House District 59. He thinks the Mahoning County Board of Elections didn’t certify him. because he prefers Youngstown 5th Ward Councilwoman Lauren McNallly, a Democrat. Board of Elections Chairman David Betras, a former county Democratic party chairman, sarcastically responded to the allegations: “You caught me because I give like…about this race. reports from David Skolnick of the Vindicator.

Jonesing for influence: Jones and Day began as a business law firm in Cleveland. Over the years, it expanded its offices across the country and played an increasingly important role in shifting the justice system to the right. New York Times reporting by David Enrich how Jones Day lawyers began to represent more ideological cases, becoming “a kind of internal conservative think tank” and swaying the Trump administration’s pick of dozens of federal judges.

Pay for the hikes: Employees of the Ohio Police and Fire Pension Fund received merit increases this year, as well as increases to fight inflation. The Dispatch’s Laura Bischoff reports This comes at a time when the fund is pushing legislation that would increase taxpayer money flowing into the system.

Tuition: After President Joe Biden announced the cancellation of up to $20,000 in student loans for many Americans, Susan Tebben of the Ohio Capital Journal asked experts for other ideas to help with college affordability. They said if schools used the funding for actual education, prioritized offering scholarships, and encouraged high school students to earn college credit through programs like College Credit Plus, it would help reduce the student debt. She noted that a bipartisan bill that would forgive some student loans if college graduates stayed in Ohio was not moving quickly through the General Assembly.

Withdrawal request: On Friday, Ohio Republican Party Chairman Bob Paduchik cried foul over an attack ad-style video that Ryan posted to social media the day before. In the video, Ryan criticizes Vance for his response to a gunman’s recent attempt to attack the FBI’s field office in Cincinnati, saying Vance and other Republicans “didn’t say a word to thank the forces.” of order” after the episode, in which state troopers shot and killed the man. The announcement does not state that Vance spoke out about the attack the next morning when asked about it during a radio interview, although when asked, Ryan’s campaign repeated that Vance hadn’t thanked the police.

In the tank: Republican U.S. Senator Rob Portman on Friday applauded the announcement that the U.S. military would supply Poland with 250 M1A2 SEPv3 Abrams main battle tanks, worth up to $1.148 billion. The tanks are made in Ohio. “Equipping our Polish allies with these tanks signals to Russia that we remain committed to supporting our allies in the face of ongoing Russian aggression,” Portman said.

Full disclosure

Five things we learned from the August 1 financial disclosure of Tim Barhorst, a Republican candidate for State House District 85 in western Ohio. No Democrats are running for the seat, so Barhorst will likely win Nov. 8.

1. Barhorst listed two employers: Business Partner Inc. and TBAR LLC.

2. He also earned rental income from three properties last year in the Columbus area, Shelby County and the Fort Meyers, Florida area.

3. He listed two life insurance policies and a health savings account as investments.

4. Last year, he owed over $1,000 to Citi, First Financial Bank, Mr. Cooper, LFT Development LLC, Chickasaw Point and UST.

5. He has a license in Ohio to sell insurance and a “Series 6” license which allows him to sell certain mutual funds, annuities and insurance.

Birthdays

State Representative Adam Bird

Michael Wing, Legislative Assistant to Representative Marilyn John

Straight from the source

“If you make $125,000 in Ohio, you’re more than rich enough to pay your own student loans. Conservators, sheet metal workers, landscapers, and auto mechanics will foot the bill for your degree. Sorry if you’re mad at someone saying it out loud.

– Ohio Attorney General Dave Yost in of a series of tweets he posted on Friday criticizing Democratic President Joe Biden’s student loan forgiveness plan.

]]>
What Biden’s Student Loan Debt Cancellation Plan Means https://michaelkorsoutleteinc.com/what-bidens-student-loan-debt-cancellation-plan-means/ Wed, 24 Aug 2022 19:26:59 +0000 https://michaelkorsoutleteinc.com/what-bidens-student-loan-debt-cancellation-plan-means/ Aaddressing the student loan debt crisis has been one of the President Joseph R. Biden’s campaign signing pledges in 2020. And for good reason: currently, Americans owe approximately $1.75 trillion in student loans. Each borrower has an average debt of $28,950. It’s a huge problem that affects the finances and well-being of millions of Americans. […]]]>
Aaddressing the student loan debt crisis has been one of the President Joseph R. Biden’s campaign signing pledges in 2020. And for good reason: currently, Americans owe approximately $1.75 trillion in student loans. Each borrower has an average debt of $28,950. It’s a huge problem that affects the finances and well-being of millions of Americans. And with federal student loan repayments set to resume on September 1, 2022 after numerous pandemic-induced extensions, many people worried about what would happen to their finances after years of not having to repay their loans.

However, today it looks like there will finally be additional relief for some of those struggling with student debt. President Biden announced a three-pronged plan to deal with the student loan crisis— in an effort to help those currently stricken with debt and tackle some of the worst parts of the current student loan system.

What’s promised in Biden’s student debt relief plan

Under the new plan, the Ministry of Education forgive up to $20,000 of debt for eligible Pell Grant recipientsand up to $10,000 for people who don’t have Pell grants. People are eligible for this debt cancellation if their income is less than $125,000 per year (or $250,000 if they are married). According CNBCat least 9 million borrowers could see their debt completely erased by this plan.

The plan includes other measures to support borrowers, including:

  • The pause on federal student loan repayments will be extended once again, until December 31, 2022.
  • A cap on monthly undergraduate student loan repayments at 5% of the borrower’s income (half the rate most borrowers pay, according to the White House.)
  • Propose a new rule that borrowers who have worked in nonprofits, the military, or federal, state, tribal, or local governments also receive credit for loan forgiveness.

The announcement still falls short of what other proponents of student debt cancellation wanted –$50,000 waived for each federal student loan borrower. That said, it’s still a positive step forward, and likely a relief for millions of Americans struggling to pay off their student loan debt. It’s also worth nothing that the Biden administration has already taken other steps to undo about $32 billion in student loan debtincluding for those who attended former for-profit colleges and severely disabled borrowers.

“President Biden has taken a giant step in solving the student debt crisis by canceling significant amounts of student debt for millions of borrowers. The positive impacts of this decision will be felt by families across the country. , especially in minority communities, and it is the single most effective action the President can take to help working families and the economy,” said Senators Chuck Schumer (NY) and Elizabeth Warren ( MA) in a joint statement on Twitter. The two Democratic senators have tirelessly lobbied the president for student debt cancellation for the past two years.

How do I know if I qualify and how do I apply?

According to Federal Student Aid (FSA) websiteHere’s how to find out if you’re eligible for the forgiveness program:

First: Do you have any outstanding federal student loans that you still owe?

Next: Do you make less than $125,000 a year? (Or if you’re married, less than $250,000 a year?)

If you answered yes to both questions, you will qualify for this debt forgiveness program.

How a lot the debt is forgiven depends on whether or not you have already received a Pell Grant (a federal undergraduate scholarship for very low-income students). If you are in debt and were a Pell grantee in college, you can get up to $20,000 in debt relief. If you did not receive a Pell grant in college, you are eligible for debt forgiveness of up to $10,000.

The FSA says around 8 million borrowers could get relief automatically, without doing anything, because the Department for Education already has data on their income that would help determine eligibility status. But an app will be released in a few weeks for those who don’t have their income data on file (or don’t know if they do), per FSA. For updates on when this app goes live, subscribe to Ministry of Education email updates here.

]]>
Commonwealth Equity Services LLC Reduces Equity Holdings in Signature Bank (NASDAQ:SBNY) https://michaelkorsoutleteinc.com/commonwealth-equity-services-llc-reduces-equity-holdings-in-signature-bank-nasdaqsbny/ Tue, 23 Aug 2022 08:33:15 +0000 https://michaelkorsoutleteinc.com/commonwealth-equity-services-llc-reduces-equity-holdings-in-signature-bank-nasdaqsbny/ Commonwealth Equity Services LLC reduced its position in Signature Bank (NASDAQ: SBNY – Get a rating) by 16.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor held 1,266 shares of the bank after selling 243 shares during the quarter. […]]]>

Commonwealth Equity Services LLC reduced its position in Signature Bank (NASDAQ: SBNYGet a rating) by 16.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor held 1,266 shares of the bank after selling 243 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Signature Bank were worth $371,000 at the end of the last quarter.

A number of other hedge funds also changed their positions in the company. Envestnet Asset Management Inc. increased its position in Signature Bank by 20.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 70,646 shares of the bank worth $20,734,000 after buying an additional 12,193 shares in the last quarter. abrdn plc increased its position in Signature Bank by 9.9% during the first quarter. abrdn plc now owns 15,032 shares in the bank worth $4,546,000 after buying an additional 1,360 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Signature Bank during Q1 worth approximately $29,000. Arizona State Retirement System increased its position in Signature Bank by 2.2% in the first quarter. Arizona State Retirement System now owns 16,879 shares of the bank worth $4,954,000 after buying 369 more shares last quarter. Finally, Metis Global Partners LLC acquired a new stake in Signature Bank during Q1 valued at approximately $282,000. Hedge funds and other institutional investors hold 96.17% of the company’s shares.

Performance of Signature Bank shares

Signature Bank Stocks opened at $185.37 on Tuesday. The stock’s 50-day moving average price is $186.97 and its 200-day moving average price is $241.73. The company has a market capitalization of $11.24 billion, a PE ratio of 9.87, a growth price-earnings ratio of 0.92 and a beta of 1.74. The company has a debt ratio of 0.27, a quick ratio of 0.82 and a current ratio of 0.83. Signature Bank has a one-year low of $165.36 and a one-year high of $374.76.

Signature Bank (NASDAQ: SBNYGet a rating) last released its quarterly results on Tuesday, July 19. The bank reported EPS of $5.26 for the quarter, beating the consensus estimate of $5.05 by $0.21. Signature Bank had a return on equity of 15.02% and a net margin of 43.86%. During the same quarter last year, the company posted EPS of $3.57. As a group, sell-side analysts expect Signature Bank to post EPS of 21.77 for the current fiscal year.

Signature Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 12. Investors of record on Friday, July 29 received a dividend of $0.56 per share. This represents an annualized dividend of $2.24 and a yield of 1.21%. The ex-dividend date was Thursday, July 28. Signature Bank’s dividend payout ratio (DPR) is currently 11.93%.

A Wall Street analyst gives his opinion

SBNY has been the subject of a number of research analyst reports. Compass Point cut its price target on Signature Bank from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, June 10. StockNews.com upgraded Signature Bank from a “sell” rating to a “hold” rating in a research note on Monday, August 15. Jefferies Financial Group reduced its price target on Signature Bank from $352.00 to $267.00 in a Monday, July 11 research note. TheStreet downgraded Signature Bank from a ‘b’ rating to a ‘c+’ rating in a Wednesday July 13 research note. Finally, Wells Fargo & Company lowered its price target on Signature Bank to $280.00 in a Friday, July 22 research note. One investment analyst has assigned the stock a hold rating, thirteen have issued a buy rating and one has assigned the company a strong buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $298.69.

Signature banking profile

(Get a rating)

Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The Company offers various loan products including commercial and industrial loans, real estate loans and letters of credit.

Further reading

Institutional ownership by quarter for Signature Bank (NASDAQ:SBNY)



Get news and reviews for Signature Bank Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Signature Bank and related companies with MarketBeat.com’s FREE daily email newsletter.

]]>
Disgraced South Carolina lawyer Alex Murdaugh faces new financial charges https://michaelkorsoutleteinc.com/disgraced-south-carolina-lawyer-alex-murdaugh-faces-new-financial-charges/ Sat, 20 Aug 2022 00:35:12 +0000 https://michaelkorsoutleteinc.com/disgraced-south-carolina-lawyer-alex-murdaugh-faces-new-financial-charges/ By Maria Cartaya and Christina Maxouris, CNN The South Carolina state grand jury has issued new charges against a disgraced former attorney Alex Murdaughabout a month after pleading not guilty to murder charges in the murders of his wife and son. Murdaugh was charged with four counts of obtaining signature or property by false pretences […]]]>

By Maria Cartaya and Christina Maxouris, CNN

The South Carolina state grand jury has issued new charges against a disgraced former attorney Alex Murdaughabout a month after pleading not guilty to murder charges in the murders of his wife and son.

Murdaugh was charged with four counts of obtaining signature or property by false pretences worth $10,000 or more; two counts of money laundering worth $20,000 to $100,000; one count of money laundering worth $100,000 or more; and two counts of computer crime worth more than $10,000, according to a Friday Press release South Carolina Attorney General Alan Wilson.

CNN has reached out to Murdaugh’s attorney, Richard Harpootlian, for comment. A press representative for Harpootlian told CNN in an email, “No comment at this time.”

The latest indictments allege Murdaugh robbed his former law firm and his brother.

According to an indictment, it was common for certain partners at the PMPED law firm (Peters, Murdaugh, Parker, Eltzroth and Detrick) to loan money to the firm at the beginning of each year to cover certain expenses up to that the firm generated sufficient income and they could be repaid with interest, but Murdaugh generally did not make these loans.

The company’s accounting office “erroneously issued a repayment loan check to Murdaugh for $121,358.63” that should have gone to Murdaugh’s brother, who had made a loan, according to the indictment. But Murdaugh went to the accounting office and “although misrepresentations caused the office to cut another check for the same amount…(and) then deposited that replacement loan repayment check into his account and converted the funds for his personal use”.

Murdaugh engaged in financial transactions “with property he knew to be the proceeds of or derived directly or indirectly from the proceeds of unlawful activity,” another charge states.

Another indictment alleges that Murdaugh created a bank account “for the purpose of misappropriating funds belonging to others under the delusion that the money was going to (a) legitimate settlement planning company.”

He then ensured that a check for $91,867.50, which represented legal fees to the law firm in one case, was disbursed from the client’s trust account to the bank account he had created and controlled. , according to the indictment. He then used that money “for his personal use, for expenses including, but not limited to, credit card payments, transfers to family members, overdraft fees, and checks written to business associates. “, according to this indictment.

A total of 90 counts for fraud schemes

murdaugh resigned from the law firm in September 2021 after “the discovery by PMPED that Alex misappropriated funds in violation of PMPED standards and policies,” the company said in a statement. That same month, the state Supreme Court issued an order suspending his license to practice law in South Carolina.

In October, the a law firm sued Murdaugh to recover funds he alleged that he stole clients for his personal use, saying Murdaugh “developed a systematic scheme in which he diverted funds owed to the business and clients to a fictitious entity” over many years.

Murdaugh was already facing a host of other charges for alleged financial crimes.

“In total, through 18 indictments containing 90 counts against Murdaugh, the state grand jury has indicted Murdaugh for schemes to defraud victims of $8,789,447.77,” said the state attorney general.

murdaugh was also charged in July on two counts of murder and two counts of possession of a weapon in the commission of a violent crime in connection with the murder of his wife and son.

Margaret “Maggie” Murdaugh, 52, and their son, Paul Murdaugh, 22, were found shot dead on the family property in Islandton, about an hour north of Hilton Head Island, on June 7, 2021. Alex Murdaugh made the 911 call, saying he had just returned home and discovered their bodies.

He pleaded not guilty and his lawyers said he wanted “everyone to know he had nothing to do with the murders of Maggie and Paul”.

Murdaugh wants the trial to begin quickly, his lawyer said, because he believes “the killer(s) of his wife and son are still at large.”

The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a Warner Bros. Company. Discovery. All rights reserved.

]]>
Old Second Bancorp (NASDAQ:OSBC) stock price crosses above the 200-day moving average of $14.28 https://michaelkorsoutleteinc.com/old-second-bancorp-nasdaqosbc-stock-price-crosses-above-the-200-day-moving-average-of-14-28/ Thu, 18 Aug 2022 07:19:19 +0000 https://michaelkorsoutleteinc.com/old-second-bancorp-nasdaqosbc-stock-price-crosses-above-the-200-day-moving-average-of-14-28/ Former second Bancorp, Inc. (NASDAQ: OSBC – Get a rating) the stock moved above its 200-day moving average during Wednesday’s session. The stock has a 200-day moving average of $14.28 and is trading as low as $14.62. Old Second Bancorp shares last traded at $14.58, with volume traded at 113,340 shares. Wall Street analysts predict […]]]>

Former second Bancorp, Inc. (NASDAQ: OSBCGet a rating) the stock moved above its 200-day moving average during Wednesday’s session. The stock has a 200-day moving average of $14.28 and is trading as low as $14.62. Old Second Bancorp shares last traded at $14.58, with volume traded at 113,340 shares.

Wall Street analysts predict growth

OSBC has been the subject of a number of recent research reports. Raymond James raised his price target on shares of Old Second Bancorp from $18.00 to $18.50 and gave the company a “strong buy” rating in a Thursday, July 7 research note. TheStreet upgraded Old Second Bancorp from a ‘b’ to a ‘c+’ rating in a Thursday, July 28 research report.

Shares of former No. 2 Bancorp down 0.9%

The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt ratio of 0.31. The company has a market capitalization of $649.73 million, a P/E ratio of 25.58 and a beta of 1.10. The stock’s fifty-day moving average is $14.18 and its two-hundred-day moving average is $14.28.

Former second Bancorp (NASDAQ: OSBCGet a rating) last released its quarterly earnings data on Wednesday, July 27. The financial services provider reported earnings per share (EPS) of $0.27 for the quarter, missing analyst consensus estimates of $0.34 per ($0.07). Old Second Bancorp had a return on equity of 11.69% and a net margin of 12.48%. As a group, research analysts expect Old Second Bancorp, Inc. to post 1.5 earnings per share for the current year.

Old Second Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 8. Investors of record on Friday, July 29 received a dividend of $0.05. This represents an annualized dividend of $0.20 and a dividend yield of 1.37%. The ex-dividend date was Thursday, July 28. Old Second Bancorp’s dividend payout ratio (DPR) is 35.09%.

Institutional investors weigh in on Old Second Bancorp

Several hedge funds have recently bought and sold shares of the stock. RMB Capital Management LLC purchased a new stake in shares of Old Second Bancorp during Q2 for a value of $5,753,000. Prudential Financial Inc. increased its stake in Old Second Bancorp by 1.9% during the second quarter. Prudential Financial Inc. now owns 58,298 shares of the financial services provider worth $780,000 after buying an additional 1,110 shares in the last quarter. The Public Employees Retirement Association of Colorado bought a new stock position in Old Second Bancorp in Q2 for about $351,000. Occudo Quantitative Strategies LP increased its position in shares of Old Second Bancorp by 141.7% during the second quarter. Occudo Quantitative Strategies LP now owns 43,265 shares of the financial services provider valued at $579,000 after buying an additional 25,363 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Old Second Bancorp by 72.3% during the 2nd quarter. State Street Corp now owns 1,001,589 shares of the financial services provider valued at $13,401,000 after buying an additional 420,215 shares last quarter. 50.83% of the shares are currently held by institutional investors.

About Old Second Bancorp

(Get a rating)

Old Second Bancorp, Inc operates as a bank holding company for Old Second National Bank which provides community banking services. It provides current, NOW, money market, savings, term deposit, individual retirement and checking accounts, as well as certificates of deposit accounts. The company also offers commercial loans; finance lease receivables; commercial real estate loans; building loans; residential real estate loans, such as residential first and second mortgages; home equity line of credit; consumer loans, including auto, home improvement and signature loans; installment loans and agricultural loans; residential mortgages; and verification of overdrafts.

See also



Get news and reviews for Old Second Bancorp Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Old Second Bancorp and related companies with MarketBeat.com’s free daily email newsletter.

]]>