American Coastal Insurance Corporation Schedules First Quarter Financial Results and Conference Call ST. PETERSBURG, Fla., April 24, 2025 (GLOBE NEWSWIRE) -- American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”) the insurance holding company of American Coastal Insurance Company (“AmCoastal”), announced today that it expects to release its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025, after the close of the market, and will conduct its quarterly conference call at 5:00 p.m. ET. The conferenc...
American Coastal Insurance Corporation Announces the Sale of its Personal Lines Subsidiary, Interboro Insurance Company ST. PETERSBURG, Fla., April 01, 2025 (GLOBE NEWSWIRE) -- American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”), the insurance holding company of American Coastal Insurance Company (“AmCoastal”), announced today that it has completed the previously announced sale of Interboro Insurance Company (“Interboro” or “IIC”) to Forza Insurance Holdings, LLC (“Forza”). The Company received approximately $26.4 million in cash...
FAIRMONT, W.Va.--(BUSINESS WIRE)-- The Board of Directors of MVB Financial Corp. (“MVBF” or “MVB Financial”) (Nasdaq: MVBF) has announced the appointment of Vic Maculaitis as a Member of the Board. “With more than 20 years of professional experience as an industry leader, entrepreneur and business operator with niche experience in the Financial Crime Risk and Compliance industry, Vic’s expertise will be an asset to the Board as MVB continues to execute our strategic plan,” said W. Marston “Marty” Becker, Chairman, MVBF Board of Directors. Maculaitis is the Founder and Managing Partner of i...
American Coastal Insurance Corporation Reports Financial Results for Its Fourth Quarter and Year Ended December 31, 2024 Company to Host Quarterly Conference Call at 5:00 P.M. ET on February 27, 2025The information in this press release should be read in conjunction with an earnings presentation that is available on the Company's website at investors.amcoastal.com/Presentations. ST. PETERSBURG, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) -- American Coastal Insurance Corporation (Nasdaq: ACIC) ("ACIC" or the "Company"), a property and casualty insurance holding company, today reported its finan...
FAIRMONT, W.Va.--(BUSINESS WIRE)-- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of March 1, 2025, payable on March 15, 2025. This is the first quarterly dividend for 2025. “The fourth quarter marked the end of a pivotal transition year, during which we simplified our growth strategy and strengthened our team to make meaningful investments in the future,” said CEO Larry F. Mazza. “Our laser focus on payments continu...
FAIRMONT, W.Va.--(BUSINESS WIRE)-- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB” or the “Company”), the holding company for MVB Bank, Inc. ("MVB Bank"), today announced financial results for the fourth quarter and year ended December 31, 2024, with reported net income of $9.4 million, or $0.73 basic and $0.72 diluted earnings per share for the three months ended December 31, 2024. Fourth Quarter 2024 Highlights Net income was $9.4 million, an increase of $7.4 million from prior quarter. Noninterest bearing deposits represent 34.9% of total deposits. Tangible book value per...
American Coastal Insurance Corporation Schedules Fourth Quarter and Full Year 2024 Financial Results and Conference Call ST. PETERSBURG, Fla., Feb. 13, 2025 (GLOBE NEWSWIRE) -- American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”), the insurance holding company of American Coastal Insurance Company (“AmCoastal”), announced today that it expects to release its financial results for the fourth quarter and full year ended December 31, 2024, on Thursday, February 27, 2025, after the close of the market, and will conduct its quarterly confer...
FAIRMONT, W.Va.--(BUSINESS WIRE)-- The Board of Directors of MVB Financial Corp. (“MVBF” or “MVB Financial”) (Nasdaq: MVBF) has announced the appointment of Glen W. Herrick as a Member of the Board. “MVB is pleased to have Glen join the MVB Board of Directors. With his career focus on leading strategy, finance, investing, planning, forecasting, investor relations and corporate development efforts as a Chief Financial Officer in the banking, specialty finance, capital markets and Fintech sectors, he will provide valuable expertise to the Board as we pursue the growth vehicles of MVB’s strateg...
180 Degree Capital Corp. and Mount Logan Capital Inc. Announce Agreement to Merge in All-Stock, Transformative Transaction Establishing a US-Exchange Listed Alternative Asset Management and Insurance Solutions Platform with Over $2.4 Billion in Assets Under Management 180 Degree Capital Shareholders to Receive Full Net Asset Value (“NAV”) at Closing in Stock of the Merged Company Support secured from approximately 20% of 180 Degree Capital and 23% of Mount Logan shareholders through voting agreements with additional indicative support from certain other shareholders Combined company will ...
FAIRMONT, W.Va.--(BUSINESS WIRE)-- MVB Financial Corp. (Nasdaq: MVBF) (“MVB,” “MVB Financial” or the “Company”), the parent holding company for MVB Bank (the “Bank”), has named Jeffrey Weidley as Chief Deposit Officer. Weidley is an accomplished banker with a track record of developing and executing strategic initiatives, building profitable business units and optimizing client experiences. “We are pleased to welcome Jeff Weidley to the MVB family as a trusted partner on the financial frontier, committed to the success of our Team, clients, communities and shareholders,” said Larry F. Mazza,...
180 Degree Capital Corp. Responds to Letter from Marlton Partners MONTCLAIR, N.J., Dec. 18, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (“180 Degree Capital” or the “Company”) (NASDAQ:TURN) today announced that it has received the press release issued, and the notice of nomination submitted, by Marlton Partners L.P. (“Marlton”) on December 17, 2024. “We believe that the press release issued by Marlton contains a number of inaccuracies and distortions, and we look forward to addressing the points noted in that press release in due time and, if and when appropriate, engaging with...
American Coastal Insurance Corporation Declares Special Cash Dividend of $0.50 Per Share ST. PETERSBURG, Fla., Dec. 04, 2024 (GLOBE NEWSWIRE) -- American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”), the insurance holding company of American Coastal Insurance Company (“AmCoastal”), announced today that its Board of Directors declared a special cash dividend of $0.50 per share of common stock outstanding, payable on January 10, 2025, to shareholders of record on January 2, 2025. About American Coastal Insurance Corporation:American Coas...
180 Degree Capital Corp. Notes Average Discount of Net Asset Value per Share to Stock Price for Eleventh Month of Initial Measurement Period of Its Discount Management Program MONTCLAIR, N.J., Dec. 02, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (“180 Degree Capital”) (NASDAQ: TURN), noted today that the average discount between its estimated daily net asset value per share (“NAV”) and its daily closing stock price during November 2024 and year-to-date through the end of November 2024, were approximately 21% and 20%, respectively.1 This discount was approximately 26% on November 29,...
180 Degree Capital Notes Its Portfolio Company Brightcove, Inc., Entered into an Agreement to be Acquired by Bending Spoons MONTCLAIR, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital”), is pleased to note that its portfolio company, Brightcove, Inc. (BCOV), announced yesterday that it has entered into a definitive agreement to be acquired by Bending Spoons for approximately $233 million, or $4.45 per share. Prior to this announcement, 180 Degree Capital owned approximately 1.35 million shares of BCOV. “We would like to congratulate Marc...
FAIRMONT, W.Va.--(BUSINESS WIRE)-- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of December 1, 2024, payable on December 15, 2024. This is the fourth quarterly dividend for 2024. “We are pleased to continue to add value for our shareholders and encouraged by the adaptability of Team MVB and the resilience of our business model,” said Larry F. Mazza, Chief Executive Officer, MVB Financial. “MVB’s foundational stre...
FAIRMONT, W.Va.--(BUSINESS WIRE)-- MVB Financial Corp. (Nasdaq: MVBF) (“MVB,” “MVB Financial” or the “Company”), the parent holding company for MVB Bank (the “Bank”), has named Joe Rodriguez as Chief Risk Officer. Rodriguez has a strong reputation in the financial services risk management industry as a leader who operates at the intersection of innovation and prudent risk management. “We are pleased to welcome Joe Rodriguez to the MVB family as a trusted partner on the financial frontier, committed to the success of our Team, clients, communities and shareholders,” said Larry F. Mazza, CEO, ...
180 Degree Capital Corp. Reports Net Asset Value Per Share (“NAV”) of $4.40 as of September 30, 2024, and Will Host Conference Call to Discuss Results and Q4 2024 Updates on November 15, 2024 MONTCLAIR, N.J., Nov. 14, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital” and the “Company”), today reported its financial results as of September 30, 2024, and noted additional developments from the fourth quarter of 2024. The Company also published a letter to shareholders that can be viewed at . “While the first three quarters of 2024 have proven challenging ...
American Coastal Insurance Corporation Reports Financial Results for Its Third Quarter Ended September 30, 2024 Company to Host Quarterly Conference Call at 5:00 P.M. ET on November 6, 2024 and Announces their 2024 Virtual Investor Day at 11:00 A.M. ET on December 4, 2024The information in this press release should be read in conjunction with an earnings presentation that is available on the Company's website at . ST. PETERSBURG, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- American Coastal Insurance Corporation (Nasdaq: ACIC) ("ACIC" or the "Company"), a property and casualty insurance holdi...
American Coastal Insurance Corporation to Host Their 2024 Virtual Investor Day on December 4th at 11:00 a.m. ET ST. PETERSBURG, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”) the insurance holding company of American Coastal Insurance Company (“AmCoastal”), will host their 2024 Virtual Investor Day on Wednesday, December 4, 2024, at 11:00 a.m. Eastern Time. During the Investor Day, American Coastal’s management team will provide an in-depth presentation of the Company’s strategic initiativ...
180 Degree Capital Corp. Notes Average Discount of Net Asset Value Per Share to Stock Price for Tenth Month of Initial Measurement Period of Its Discount Management Program MONTCLAIR, N.J., Nov. 04, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (“180 Degree Capital”) (NASDAQ: TURN), noted today that the average discount between its estimated daily net asset value per share (“NAV”) and its daily closing stock price during October 2024 and year-to-date through the end of October 2024, were approximately 20% and 20%, respectively.1 This discount was approximately 15% on October 30, 2024....
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