The third quarter is an officially a wrap, and the stock market saw the Dow (^DJI) post its worst September performance in two decades — down nearly 2800 points, or 8.9% for the month — while the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are now in the red three straight quarters for the first time since the Global Financial Crisis.

And as investors prepare for the historically volatile (and crash-prone) month of October, some on Wall Street are coalescing around the idea that equities are on the cusp of a meaningful rally. Two key questions remain: How far can stocks rally? And, is “The low” in?

The global research team at BofA Securities, led by Michael Hartnett, has navigated the curveballs thrown by 2022 far better than most. In their latest missive, Hartnett & Co. reflect on the “broken, freaky post-[Quantitative Easing] financial system plumbing” and throw down the gauntlet at the bottom-is-in crowd.

“We are tactical bears,” says BofA, recommending bets on lower stock prices and higher yields (particularly in the two-year tenor) into Halloween.

This image of US dollars flowing through pipes was created by Yahoo Finance with DALL E AI software. (OpenAI)

They cite the recent actions by the Bank of Japan and Bank of England as evidence that central bankers are enacting ad hoc policy responses doomed to fail. Moves in London were particularly dizzying: British authorities aggressively hiked rates to combat inflation (restrictive), then proposed cutting taxes to mitigate the pain on the working class (stimulative), and then — in the face of pension funds teetering on the brink of collapse — committed to buy an unlimited amount of bonds for a period (also stimulative).

The situation may not be as dire in the US, but cracks are surfacing that reveal financial markets are creaking under the strains of massive and often incongruous policy responses.

Central banks have tightened financial conditions to the point where the plumbing of the global financial markets could burst, BofA stated, having already drained $3.1 trillion from their balance sheets through quantitative tightening (QT).

Story continues

BofA:

Investors, meanwhile, are grappling with a generational shakeup in market regime, which necessarily takes time and patience to navigate. BofA painted a stark picture of the dramatic transition.

The “bullish deflationary era of peace, globalization, fiscal discipline, QE, zero rates, low taxes, [and] inequality” is slowly giving way to an “inflationary era of war, nationalism, fiscal panic, QT, high rates, high taxes, [and] inclusion,” the analysts wrote.

At the same time, authorities must respond to day-to-day realities — oftentimes without the luxury of waiting. BofA believes that global authorities are likely to come together and coordinate policy if the carnage continues into a critical G20 meeting in mid-November.

Until then, BofA sees the S&P 500 plunging further to the numerically-symmetrical target of 3333. Rounding to the nearest hundred, their advice is to “nibble 3600, bite 3300, gorge 3000.” The S&P 500 closed at 3585.62 Friday — a fresh 2022 low — suggesting a light snack of bruised large-cap stocks for those champions at the bit to deploy cash on the sidelines.

Looking forward to 2023, BofA expects the “Big Low” in the first quarter as recession and credit shocks peak. From there, the bank is forecasting the “trade of ’23” to be short the dollar while being long emerging markets, small caps, and cyclical stocks.

BofA stressed that investors shouldn’t expect to achieve anything near the historic annual returns of 10% — much less the 14% returns achieved over the trailing decade — and simply be aware of “more limited upside from risk assets.”

After what is shaping up to be a remarkably turbulent year for investors, perhaps “limited upside” will be a welcome change in 2023.

—

Click here for the latest stock market news and in-depth analysis, including events that move stocks

Read the latest financial and business news from Yahoo Finance

Download the Yahoo Finance app for Apple or Android

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and YouTube

The post 2022 is exposing ‘freaky post-QE monetary system plumbing,’ BofA says appeared first on Los Gatos News And Events.

CHICAGO–(BUSINESS WIRE)–The Mather Group, LLC (TMG), a wealth management firm with 12 offices across the country and more than $8.0 billion in assets under management (AUM, as of 7/31/22), has announced its acquisition of HC Financial Advisors Inc. (HC), a registered investment adviser (RIA) firm based in Lafayette, CA.

HC was founded in 1986 and has approximately $478 million in AUM as of 7/31/22. Its three principals—Stephen Biggs, Andy Byron, and Karla McAvoy—and the entire HC team joined TMG as part of the transition. Biggs and McAvoy had been with HC since 2008, while Byron joined in 2011. “We and the rest of our team are very excited about becoming part of TMG,” said Byron. “Being philosophically aligned—in terms of how we serve clients, manage investments, and foster a strong culture for employees—gives us great confidence that this is a win-win partnership for all involved. The support and assistance provided by TMG so far has exceeded our expectations, and we are looking forward to our future together.”

This is TMG’s third acquisition in August, as the firm announced partnerships with Seiffert Ltd. and Semita Asset Management last week. The firm anticipates more partnerships before year-end and expects to continue its steady pace of partnerships with like-minded firms going forward, furthering its goal to be a national boutique for wealth management. The HC partnership adds a second Bay-area office to the firm’s growing footprint.

“We have a robust, repeatable process in place to help us manage integrations, and we’re constantly refining and improving it as we scale. It’s a collaborative effort,” said TMG CEO Chris Behrens. “Welcoming new partners and clients to the TMG family is driven primarily by the opportunity to provide expanded services, such as tax preparation and estate planning guidance, that help enhance the client experience. We’re also able to offer advanced technology and career opportunities that are beneficial for employees as it relates to their daily jobs and their longer-term aspirations.”

The firm offers a comprehensive range of in-house services, including financial planning, tax advice and preparation, portfolio management, concentrated stock management, risk assessment, and estate planning guidance. Investment recommendations are not tied to commissions. Clients pay for the firm’s experienced advice on a fee-only basis, typically as a percentage of assets under management. This approach helps align the interests of the firm with the client.

ABOUT TMG

Headquartered in Chicago with offices in Atlanta, Austin, Dallas, Houston, Knoxville, Morristown (NJ), Nashville Area, San Francisco Bay Area, Seattle Area, Spring (TX), and Washington, DC Area, TMG is a fee-only fiduciary firm serving primarily high-net-worth individuals. TMG’s professionals aim to simplify clients’ lives by providing a comprehensive suite of services under one roof. TMG is a federally registered investment adviser under the Investment Advisers Act of 1940, as amended, providing discretionary and non-discretionary investment advice to clients. Visit us at www.themathergroup.com.

The post The Mather Group Acquires San Francisco Bay-area Agency, HC Monetary Advisors appeared first on Los Gatos News And Events.

The cost that financial firms pay for relatively short-term borrowings in the US commercial paper market shot up sharply in the last few days.

Why it matters: This is a sign that the lenders who provide credit — the lifeblood of the financial system — are getting a bit jittery.

• The concern is that other financial firms could suffer losses as a result of fallout from Russia’s invasion of Ukraine, and the sanctions imposed in response.

State of play: Many lenders have decided they want to extend credit on a much shorter term, say, just overnight rather than over a few months.

• “We have a crisis of sorts unfolding, and in a crisis, like in 2008, everyone lends at short maturities,” wrote Zoltan Pozsar, an analyst at Credit Suisse, who covers these short-term credit markets.

What we’re watching: Whether financial markets start to single out and stigmatize certain banks they believe may be hurt especially badly by the effects of Russia’s invasion and subsequent sanctions.

The bottom line: The events of the last two weeks represent a massive shock to the global financial and economic systems. So far, the financial system has held up fairly well, but we’re seeing signs of strain.

The post Monetary plumbing below stress appeared first on Los Gatos News And Events.

SAN FRANCISCO, Calif., May 27, 2022 (SEND2PRESS NEWSWIRE) — Financial Women of San Francisco (FWSF), an organization dedicated to advancing the careers of women for over 60 years, names seventeen students from Bay Area colleges and universities as its 2022 scholarship recipients. FWSF has awarded over $3 million in scholarships over the past 35 years to more than 325 Bay Area women.

This is a corrected release to replace our previous release issued on May 19, 2022.

“We are proud to offer a record 17 women the scholarships they need to pursue their educational goals in finance and accounting,” says Melissa Maquilan-Radic, FWSF’s 2022 President. “And we are so grateful to our generous donors and supporters who have helped make this happen.”

The FWSF scholarship grants — $10,000 for undergraduate and $15,000 for graduate students — support each recipient’s educational goals. Beyond financial support, FWSF scholarship recipients also receive opportunities to be mentored by FWSF members and attend career development and networking events. This year, FWSF awarded scholarships to more students than ever before.

Each recipient is an academic and community leader whose goals align with FWSF’s mission to empower and support women in finance. All have a passion for finance and many act as mentors to other women and those from low-income communities, sharing financial literacy to help end the cycle of poverty.

From venture investing in women and minorities; to co-found a non-profit that reduces financial disparities for low-income, first generation, and minority students; to social entrepreneurship; to community building and mentoring and hiring women in their organizations, these scholarship winners demonstrate a commitment to making a positive impact in the world.

2022 Graduate Scholarship Recipients:

Riddhi Bahadkar – University of San Francisco School of Management

Makenna Caldwell—St Mary’s College

Cheryl Campos – Stanford University

Shelly Clermenco—Dominican University

Gabriela Forter- Stanford University

Lisa Gonzalez – Wharton School of the University of Pennsylvania

Katelyn Harris-Stanford University

Elizabeth Hernandez—Golden Gate University

Samina Hydery- Stanford University

Monique Malcolm-Hay – Stanford University

Hannah Schlacter – University of California at Berkeley, Haas School of Business

Tabitha Florence Shikuku – Holy Names University

Zia MacWilliams – University of California at Berkeley, Haas School of Business

2022 Undergraduate Scholarship Recipients:

Liya Gezae – California State University East Bay

Morgan Jacobsen – University of California at Berkeley

Amina Mamayeva—San Jose State University

Jia Yi Tan – University of San Francisco

For more information about FWSF or to become a member, click here.

About Financial Women of San Francisco:

For over 60 years, Financial Women of San Francisco have sought to advance the success of women in finance and financial services and to be a source of insight and inspiration to financial women executives and managers throughout the Bay Area.

The organization’s membership includes women in positions of influence within the financial services sector and women who hold senior level positions within non-finance companies, government agencies and the non-profit sector. Members include CEOs, CFOs, corporate treasurers, CPAs, attorneys, commercial and private bankers, investment advisors, fund managers, securities analysts, administrators, financial planners, consultants, recruiters, and marketers.

This press release was issued on behalf of the news source (Financial Women of San Francisco) who is solely responsible for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: 82092 APDF-R8.6

© 2022 Send2Press®, a press release and e-marketing service of NEOTROPE®, Calif., USA.

Disclaimer: This press release content was not created by the Associated Press (AP).

Copyright 2022 Send2Press Newswire

The post Seventeen Bay Space Ladies Win Monetary Ladies of San Francisco Tutorial Scholarships for 2022 | Nationwide Information appeared first on Los Gatos News And Events.

Leading Digital Personal Finance Company Earns Spot for Sixth Time

SAN MATEO, Calif., May 9, 2022 /PRNewswire/ — Freedom Financial Network (FFN), a leading digital personal finance company, announced today it was named to the 2022 Best Places to Work in the Bay Area, an annual list presented by the San Francisco Business Times and the Silicon Valley BusinessJournal.

The company rankings are based on the results of confidential surveys sent to each firm’s Bay Area employees. The survey assesses various aspects of company culture, including communications, managerial effectiveness, team dynamics and trust in leadership, to gauge overall employee sentiment. FFN, which is headquartered in San Mateo, Calif. and employs more than 2,400 people nationwide, which was recognized in the large company category of the rankings. This year marks the sixth time FFN has been named to the list.

“At Freedom Financial Network, our employees play a critical part in furthering our mission to help everyday people get on — and stay on — a path to a better financial future,” said Brad Straw, co-founder and co-CEO of Freedom Financial Network. “Together, we focus on our customers to understand what’s working for them and what’s not and we tailor personalized approaches to meet their personal needs and goals. We innovate to offer the best financial solutions, using data and AI to speed decisioning, improve transparency and And finally, we build relationships so that we can help our customers on their first step, and every next step, on their journey.”

Freedom Financial Network helps people make better financial decisions by managing expenses and debt, saving money, and planning. The company provides innovative technology and relationship-driven support for every step of a consumer’s financial path, including personal loans, debt resolution and restructuring, home equity lines of credit and financial tools and education.

“This recognition is especially meaningful because it is based on the feedback from our employees. We strive to provide an environment where employees can have fulfilling careers and the opportunity to grow, both personally and professionally,” said Linda Lumanexecutive vice president of human resources at FFN.

FFN recently surpassed $15 billion in consumer debt resolved and has served over 1 million customers since its founding in 2002. The company is continually innovating new solutions to expand the depth and breadth of its financial services offerings and is actively hiring for remote and hybrid roles in sales, engineering, technology and product development in California, Arizona other Texas.

Earlier this month, FFN was named to the Phoenix Business Journal’s 2022 Healthiest Employers List in recognition of its efforts to motivate employees to achieve and maintain wellness through a strong emphasis on mental and physical health. FFN has also been named to the Phoenix Business Journal’s annual “Best Places to Work” list 11 times, including winning first place in the extra-large company category in 2021. Last year, FFN was also named one of “Arizona’s Most Admired Companies” by AZBigMedia and a “Top Workplace” by the Arizona Republic.

Full details of the 2022 Best Places to Work in the Bay Area can be found here.

About Freedom Financial Network
Freedom Financial Network is a leading digital personal finance company. We do what traditional banks don’t: Put people first. Our solutions help everyday people get on, and stay on, the path to a brighter financial future, with innovative technology and personalized support. By leveraging proprietary data and analytics, our solutions are tailored for each step of a consumer’s financial journey and include personal loans (FreedomPlus), home equity loans (Lendage), help with debt (Freedom Debt Relief), and even financial tools and education ( Bills.com). Freedom Financial Network has more than 2,300 dedicated employees across California, Arizona other Texas and is recognized as a best place to work.

For information on career opportunities at Freedom Financial Network, visit: https://jobs.freedomfinancialnetwork.com/

SOURCE Freedom Financial Network

The post Freedom Monetary Community Named a ‘Finest Place to Work within the Bay Space’ by San Francisco Enterprise Occasions, Silicon Valley Enterprise Journal appeared first on Los Gatos News And Events.

Kelsey Stewart Omaha World Herald

A San Francisco-based company specializing in financial technology formally opened its Omaha office on Wednesday. It will eventually welcome more than 100 employees.

Unison will operate out of the Landmark building at 13th and Farnam streets.

Unison lets homeowners pull equity out of their homes without incurring debt or making any payments, said President Ryan Downs.

The company extends a cash payment to homeowners in exchange for sharing in the home’s value, whether it increases or decreases. No payments are made until the homeowner sells the home or until 30 years passes.

At that time, the homeowner will pay Unison an amount equal to the cash payment received, plus or minus a percentage of the home’s change in value.

The company is headquartered in San Francisco, although some employees work remotely across the country, Downs said. Unison currently employs about 120 people.

Omaha will be the company’s second US office.

People are also reading…

“Both offices will be pretty sizable,” Downs said.

Another downtown Lincoln high-rise is in the works

Waverly alumna’s business sells new ways to celebrate

Officials settled on Omaha after analyzing several metropolitan areas across the country. Omaha stood out because of the reasonable cost of living, highly qualified workforce and business-friendly environment, Downs said.

The biggest factor: the people.

“Everything we do is virtual and a financial instrument,” Downs said. “We don’t have factories. We don’t build tangible things. The value of our business comes from the people, and that’s where Omaha really stood out.”

Downs said the company started its expansion about five months ago and decided on Omaha early this year.

People aren’t surprised to see growth in the financial services sector in Omaha, said David Brown, president and CEO of the Greater Omaha Chamber. But they may be surprised to see a San Francisco-based company put down roots here.

“This cements in people’s minds that we are a center for financial services,” he said.

NPPD and Entergy end partnership on Cooper nuclear plant in Brownville

Watch Now: From tractors to trading cards, Sandhills Global’s online auction sites boom during pandemic

The city offers a pool of people who would be a good fit for Unison, Brown said, citing business schools at the University of Nebraska at Omaha and Creighton University.

The company’s move to downtown Omaha fits in with other development happenings in the area, including the riverfront park revitalization, Mutual of Omaha’s relocation plans and the proposed streetcar line.

“Those are all significant investments that will make that a vibrant, vibrant neighborhood,” Brown said. “That’s exactly what I think the investors were looking for.”

Fortune 500 and 1,000 companies in Omaha

Berkshire Hathaway

Fortune rank: No. 3 with revenue of $242.1 billion; down from no. 2 last year. First cracked Fortune list in 1989 at No. 205

History: The holding company of large- and medium-sized firms and investments has grown largely from the singular wisdom of Chairman and CEO Warren Buffett. It started as an investment pool of family and friends in Omaha in the mid-1950s. In 1965, Buffett bought the textile company that gave Berkshire its name. (Ironically, he later called it his worst investment.) His philosophy of buying successful companies with firm niches and keeping leadership in place has achieved returns well in excess of the stock market. The move into insurance was key, as Buffett uses premium reserves available for investment to fund additional purchases. Forbes notes that Berkshire now generates nearly three-quarters of its revenue from its non-financial operating businesses. At 87, Buffett is the oldest CEO of a Fortune 500 company. The company has maintained its offices at Omaha’s Kiewit Plaza since 1962.

BRENDAN SULLIVAN/THE WORLD HERALD

Aflac

fortune rank: No. 137 on revenue of $21.7 billion; down from no. 126 from last year.

History: Founded in 1955 as American Family Life Insurance by John Amos and his brothers Paul and Bill in Columbus, Georgia, Aflac pays benefits when people are sick or injured. It gained wider recognition starting in 2000 with a marketing campaign using a duck that announces its name. In 2002, Aflac moved its legal domicile to Nebraska for tax reasons and located a regional office in Omaha, although its main offices remain in Georgia.

BLOOMBERG

Union Pacific

fortune rank: No. 141 on revenue of $21.2 billion; up from no. 143 last year. Listed each year since non-manufacturing companies were added to the list in 1995.

History: The company was created by the 1862 Pacific Railway Act, an act of Congress that called for construction of a transcontinental rail line from the Missouri River to the West Coast. The first track was laid out of Omaha in 1865, and UP grew into a national icon. Multiple mergers over 150 years helped UP amass the nation’s largest rail network, with operations in 23 western states and prime rail connections into Mexico. In 2004, the railroad opened a new 19-story headquarters downtown that serves about 2,900 of the company’s 42,000 employees.

REBECCA S. GRATZ/THE WORLD-HERALD

Pacific Life

fortune rank: No. 313 on revenue of $9.5 billion; the same ranking as last year.

History: Founded in 1868 in Sacramento, California, as Pacific Mutual Life Insurance Co., the company’s life insurance, annuity and other financial products pay $2.3 billion in benefits each year. Although its main office is in Newport Beach, California, in 2004 Pacific Life moved its legal domicile to Nebraska for tax reasons and now has a regional office in Omaha’s Aksarben Village.

KENT SIEVERS/THE WORLD HERALD

Peter Kievit Sons’ Inc.

fortune rank: No. 339 on revenue of $8.7 billion; down from no. 324 last year. Made its Fortune debut in 1991 and since 1998 has been listed every year but one. Is privately held but qualifies for the Fortune list because it publicly reports revenue.

History: Three sons of Peter Kiewit took over their father’s Omaha construction company, with the youngest, also named Peter, credited with turning it into one of the nation’s largest. The company took off while building military installations during World War II and the Cold War. It also built more miles of Interstate system than any other contractor, causing Fortune to dub Peter Kiewit “the Colossus of Roads.” Today, it is one of the largest employee-owned firms in the world and one of only a handful of construction companies big enough to take on billion-dollar projects.

SARAH HOFFMAN/THE WORLD-HERALD

Mutual of Omaha

fortune rank: No. 337 on revenue of $8.7 billion; up from no. 342 last year. Made its debut in 1995, dropped off in 2006 and 2007, but solidly on the list since.

History: Got off to a humble start in 1909 as the Mutual Benefit Health and Accident Association, initially struggling to attract policyholders. Under the leadership of Creighton medical student CC Criss and later VJ Skutt, it grew and by the 1950s had emerged as a leading health and accident insurer. The name was changed to Mutual of Omaha in 1962, and a year later it became a household name with sponsorship of the popular “Wild Kingdom” TV show. The company rebranded its familiar Native American head logo in 2001, expanded into banking in 2007, and renewed its commitment to its midtown Omaha headquarters by developing the mixed-use Midtown Crossing.

JEFF BUNDY/THE WORLD-HERALD

TD Ameritrade

fortune rank: No. 630 on revenue of $3.7 billion; up from no. 674 last year.

History: Founder Joe Ricketts saw an opportunity in 1975 when the Securities and Exchange Commission eliminated the practice of fixed brokerage commissions. Ricketts’ firm, First Omaha Securities Inc., began offering discounted commissions and helped usher in a new era of investing, coupled with technology that evolved from touch-tone phones to the Internet. Forty years later, TD Ameritrade has more than 11 million client accounts with more than $1.2 trillion in assets and custodial services for more than 6,000 independent registered investment advisers. Clients trade more than 940,000 times each day.

Green Plains Inc.

Fortune rank: No. 782 on revenue of $2.7 billion; up from no. 804 last year.

SARAH HOFFMAN/THE WORLD-HERALD

Valmont

fortune rank: No. 782 on revenue of $2.7 billion; up from no. 804 last year.

History: In 1946, Robert B. Daugherty spent nearly his life’s savings — $5,000 — to buy a small manufacturing company on a farm near Valley to build farm elevators. Years later, with the invention of center-pivot irrigation, Valmont found its niche. It then expanded into steel pipe and tubing manufacturing for irrigation systems and other industries. Through acquisitions and new construction, the company grew to be a global player in certain segments of the agriculture, communications and utilities markets. Today, Valmont’s worldwide operations are constantly looking for opportunities to expand its four business sectors: engineered support structures (steel and aluminum poles for traffic lights, street lighting, etc.); utility support structures (poles for electrical transmission lines, etc.); irrigation; and coatings (galvanization).

KENT SIEVERS/THE WORLD HERALD

Werner Enterprises

fortune rank: No. 871 on revenue of $2.3 billion; up nine spots from last year.

WERNER ENTERPRISES

Get the latest local business news delivered FREE to your inbox weekly.

The post San Francisco-based monetary agency formally opens Omaha location | Native Enterprise Information appeared first on Los Gatos News And Events.

A San Francisco-based company specializing in financial technology formally opened its Omaha office on Wednesday. It will eventually welcome more than 100 employees.

Unison will operate out of the Landmark building at 13th and Farnam Streets.

Unison lets homeowners pull equity out of their homes without incurring debt or making any payments, said President Ryan Downs.

The company extends a cash payment to homeowners in exchange for sharing in the home’s value, whether it increases or decreases. No payments are made until the homeowner sells the home or until 30 years passes.

At that time, the homeowner will pay Unison an amount equal to the cash payment received, plus or minus a percentage of the home’s change in value.

The company is headquartered in San Francisco, although some employees work remotely across the country, Downs said. Unison currently employs about 120 people.

Omaha will be the company’s second US office.

People are also reading…

“Both offices will be pretty sizable,” Downs said.

Officials settled on Omaha after analyzing several metropolitan areas across the country. Omaha stood out because of the reasonable cost of living, highly qualified workforce and business-friendly environment, Downs said.

The biggest factor: the people.

“Everything we do is virtual and a financial instrument,” Downs said. “We don’t have factories. We don’t build tangible things. The value of our business comes from the people, and that’s where Omaha really stood out.”

Downs said the company started its expansion about five months ago and decided on Omaha early this year.

People aren’t surprised to see growth in the financial services sector in Omaha, said David Brown, president and CEO of the Greater Omaha Chamber. But they may be surprised to see a San Francisco-based company put down roots here.

“This cements in people’s minds that we are a center for financial services,” he said.

The city offers a pool of people who would be a good fit for Unison, Brown said, citing business schools at the University of Nebraska at Omaha and Creighton University.

The company’s move to downtown Omaha fits in with other development happenings in the area, including the riverfront park revitalization, Mutual of Omaha’s relocation plans and the proposed streetcar line.

“Those are all significant investments that will make that a vibrant, vibrant neighborhood,” Brown said. “That’s exactly what I think the investors were looking for.”

Our best Omaha staff photos & videos of March 2022

Gretna heard coach Brad Feeken talks to his team between quarters in the Millard North vs. Gretna boys basketball NSAA state semifinal game in Lincoln on Thursday. Millard North won the game 58-43.

ANNA REED/THE WORLD HERALD

Bellevue West’s Josiah Dotzler (22) gets caught between Omaha Creighton Prep’s Casey OMalley (10) and Joshua Townley-Thomas (21) in the Bellevue West vs. Omaha Creighton Prep boys basketball NSAA state semifinal game in Lincoln on Thursday.

ANNA REED/THE WORLD HERALD

Britt Prince, a sophomore and the state girls basketball scoring leader, in her home gym at Elkhorn North High School in Omaha on Thursday, March 03, 2022.

ANNA REED, THE WORLD HERALD

Omaha Central’s Ital Lopuyo (22) blocks a shot by Lincoln Southwest’s Alexa Gobel (21) in the Omaha Central vs. Lincoln Southwest girls basketball NSAA state quarterfinal game in Lincoln on Monday.

ANNA REED/THE WORLD HERALD

Sophie Wilson and her daughter Coco walk past “David with the Head of Goliath” on Wednesday.

Omaha firefighters battle a brush fire on the grass south of eastbound Interstate 80 on Wednesday. Traffic was restricted during that time.

CHRIS MACHIAN THE WORLD HERALD

Sebastian Moore, 11, rides his bike around the pond, still partially covered in ice, at Benson Park in Omaha on Tuesday. Highs were in the mid-70s Tuesday afternoon.

ANNA REED/THE WORLD HERALD

Creighton’s Ryan Kalkbrenner celebrates after scoring in the second half of their game against UConn at CHI Health Center in Omaha on Wednesday.

EILEEN T. MESLAR THE WORLD HERALD

Bellevue East’s Mya Skoff (right) holds her face as Jayla Wilson shoots a free throw late in the 4th quarter of their A-7 district final against Millard North at Bellevue East High School in Bellevue on Tuesday.

EILEEN T. MESLAR THE WORLD HERALD

Bellevue East players celebrate their A-7 district final win against Millard North at Bellevue East High School in Bellevue on Tuesday.

EILEEN T. MESLAR THE WORLD HERALD

Creighton’s Ryan Kalkbrenner (left) battles UConn’s Adama Sanogo for a rebound during their game at CHI Health Center in Omaha on Wednesday.

EILEEN T. MESLAR THE WORLD HERALD

Creighton’s Ryan Kalkbrenner dunks during their game against UConn at CHI Health Center in Omaha on Wednesday.

EILEEN T. MESLAR THE WORLD HERALD

kelsey.stewart@owh.com, 402-444-3100, twitter.com/kels2

Get the latest local business news delivered FREE to your inbox weekly.

The post San Francisco-based monetary agency formally opens Omaha location | Native Enterprise Information appeared first on Los Gatos News And Events.

Published: October 12, 2021 at 2:33 p.m. CDT|Updated: 21 hours ago

LAS VEGAS, Oct 12, 2021 / PRNewswire / – GBank Financial Holdings Inc. (“GBank” or the “Company”) (OTCQX: GBFH), the parent company of the Bank of George (the “Bank”), announced today that the Bank of George sponsored non-profit organization SafeNest, is the recipient of a $ 25,000 grant.

“I’m excited to announce that our sponsored nonprofit, SafeNest, has received an award $ 25,000 in this year’s AHEAD program at FHLBank San Francisco, “said T. Ryan Sullivan, President / CEO of GBank and Bank of George.

The grant from the Federal Home Loan Bank of San Francisco is awarded to nonprofits through a competitive process available to their members. FHLBank San Francisco awarded $ 1.5 million in grants to 60 projects promoting economic development and promoting financial stability in Arizona, California, and Nevada Municipalities.

“Financial instability shouldn’t be the reason someone returns to an abusive domestic situation,” said Marietta Nuñez, senior vice president and community investment officer at FHLBank San Francisco. “We are proud to work with our member, the Bank of George, to enable SafeNest to provide direct financial assistance to customers who need a boost to stay safe and advance their lives.”

About SafeNest

SafeNest is Nevadas largest and most comprehensive non-profit organization to end the domestic violence epidemic in Clark County. Since it opened in 1977, SafeNest has answered over 500,000 hotline calls and served over 25,000 people. Services include: 24/7/365 Domestic Violence Hotline, PS417 Mobile Response, Emergency Shelter, Counseling, Judicial Assistance, Legal Services, and Case Management. More information is available at www.SafeNest.org. For immediate help and support, call the 24/7 domestic violence hotline at 702-646-4981 or send an SMS.

About Federal Home Loan Bank of San Francisco

FHLBank San Francisco is a member-operated cooperative that helps local lenders get in Arizona, California, and Nevada Strengthen communities, create opportunities and change lives for the better. The instruments and resources that we make available to our member financial institutions promote home ownership, expand access to high-quality housing and promote economic development. AHEAD grants are awarded annually and through the bank’s member financial institutions to local community organizations for projects and programs that benefit lower-income and underserved communities.

The enterprise

GBank Financial Holdings Inc. (“GBank” or the “Company”) (GBFH), a bank holding company with approx $ 543 million in wealth June 30, 2021, conducts its business through its wholly-owned subsidiary, Bank of George (named in honor of George Washington). The bank, founded in 2007, operates two full-service retail branches in Las Vegas, Nevada, with primary lending activities geared towards bringing customers into Nevada, California, Utah, and Arizona. Bank of George has key businesses in three prominent business areas: SBA Lending, FinTech Gaming Division and Commercial Lending. The bank conducts national business through its SBA lending activities (ranked 24th in the nation by the US Small Business Administration for the SBA 7 (a) dollar loan volume up to June 30, 2021) and its partnership with BankCard Services, LLC (“BCS”). The FinTech Gaming Division, founded in 2016, operates the Sightline Payments Play + Solution (https://sightlinepayments.com/) for seamless and secure payment and gaming, which enables cashless, mobile trading solutions for gaming, lottery and sports betting ecosystems – positioning of GBank as the financial leader in this new world of payments. The bank also provides general commercial banking services focusing on the needs of small and medium-sized businesses, high net worth individuals, professionals and investors. The bank offers a full range of consumer deposit products and is focused on providing a world class level of service. The Bank of George has been recognized by S&P Global Market Intelligence as one of the top 100 US community banks for each year for the past five years $ 3 billion in wealth. For more information about the Bank of George, please visit their website at https://www.bankofgeorge.com. GBank’s common stock is listed on the US OTCQX market under the symbol GBFH.

Forward-Looking Statements

GBank has made forward-looking statements in this press release. These forward-looking statements are subject to risks and uncertainties. Forward-looking statements contain information about possible or anticipated future operating results of the company and its subsidiaries. Whenever words such as “believes,” “expects,” “expects” or similar expressions appear in this press release, the company makes forward-looking statements. Please note that many factors could affect the future financial results of the company and its subsidiaries, individually or collectively, and could cause such results to differ materially from those in the forward-looking statements in this press release. These factors include but are not limited to: the recent and ongoing coronavirus (COVID-19) pandemic, which is risky and may damage the company’s business and operating results in future quarters, credit risk, changes in market interest rates, inability to operate, merger-related synergies, competition, Economic downturn or recession; and government regulation and supervision. The company assumes no obligation to update or revise any forward-looking statements.

Show original content:

SOURCE GBank Financial Holdings Inc.

The above press release is courtesy of PRNewswire. The views, opinions, and statements contained in the press release are not endorsed by, nor do they necessarily reflect those of Gray Media Group, Inc.

The post GBank Monetary Holdings Inc. Pronounces Financial institution of George Sponsored Nonprofit, SafeNest, Awarded $25,000 FHLBank San Francisco 2021 AHEAD Financial Improvement Grant appeared first on Los Gatos News And Events.

Published: Oct 12, 2021 @ 3:33 p.m. EDT|Updated: 15 hours ago

LAS VEGAS, Oct 12, 2021 / PRNewswire / – GBank Financial Holdings Inc. (“GBank” or the “Company”) (OTCQX: GBFH), the parent company of the Bank of George (the “Bank”), announced today that the Bank of George sponsored non-profit organization SafeNest, is the recipient of a $ 25,000 grant.

“I’m excited to announce that our sponsored nonprofit, SafeNest, has received an award $ 25,000 in this year’s AHEAD program at FHLBank San Francisco, “said T. Ryan Sullivan, President / CEO of GBank and Bank of George.

The grant from the Federal Home Loan Bank of San Francisco is awarded to nonprofits through a competitive process available to their members. FHLBank San Francisco awarded $ 1.5 million in grants to 60 projects promoting economic development and promoting financial stability in Arizona, California, and Nevada Municipalities.

“Financial instability shouldn’t be the reason someone returns to an abusive domestic situation,” said Marietta Nuñez, senior vice president and community investment officer at FHLBank San Francisco. “We are proud to work with our member, the Bank of George, to enable SafeNest to provide direct financial assistance to customers who need a boost to stay safe and advance their lives.”

About SafeNest

SafeNest is Nevadas largest and most comprehensive non-profit organization to end the domestic violence epidemic in Clark County. Since it opened in 1977, SafeNest has answered over 500,000 hotline calls and served over 25,000 people. Services include: 24/7/365 Domestic Violence Hotline, PS417 Mobile Response, Emergency Shelter, Counseling, Judicial Assistance, Legal Services, and Case Management. More information is available at www.SafeNest.org. For immediate help and support, call the 24/7 domestic violence hotline at 702-646-4981 or send an SMS.

About Federal Home Loan Bank of San Francisco

FHLBank San Francisco is a member-operated cooperative that helps local lenders get in Arizona, California, and Nevada Strengthen communities, create opportunities and change lives for the better. The instruments and resources that we make available to our member financial institutions promote home ownership, expand access to high-quality housing and promote economic development. AHEAD grants are awarded annually and through the bank’s member financial institutions to local community organizations for projects and programs that benefit lower-income and underserved communities.

The enterprise

GBank Financial Holdings Inc. (“GBank” or the “Company”) (GBFH), a bank holding company with approx $ 543 million in wealth June 30, 2021, conducts its business through its wholly-owned subsidiary, Bank of George (named in honor of George Washington). The bank, founded in 2007, operates two full-service retail branches in Las Vegas, Nevada, with primary lending activities geared towards bringing customers into Nevada, California, Utah, and Arizona. Bank of George has key businesses in three prominent business areas: SBA Lending, FinTech Gaming Division and Commercial Lending. The bank conducts national business through its SBA lending activities (ranked 24th in the nation by the US Small Business Administration for the SBA 7 (a) dollar loan volume up to June 30, 2021) and its partnership with BankCard Services, LLC (“BCS”). The FinTech Gaming Division, founded in 2016, operates the Sightline Payments Play + Solution (https://sightlinepayments.com/) for seamless and secure payment and gaming, which enables cashless, mobile trading solutions for gaming, lottery and sports betting ecosystems – positioning of GBank as the financial leader in this new world of payments. The bank also provides general commercial banking services focusing on the needs of small and medium-sized businesses, high net worth individuals, professionals and investors. The bank offers a full range of consumer deposit products and is focused on providing a world class level of service. The Bank of George has been recognized by S&P Global Market Intelligence as one of the top 100 US community banks for each year for the past five years $ 3 billion in wealth. For more information about the Bank of George, please visit their website at https://www.bankofgeorge.com. GBank’s common stock is listed on the US OTCQX market under the symbol GBFH.

Forward-Looking Statements

GBank has made forward-looking statements in this press release. These forward-looking statements are subject to risks and uncertainties. Forward-looking statements contain information about possible or anticipated future operating results of the company and its subsidiaries. Whenever words such as “believes,” “expects,” “expects” or similar expressions appear in this press release, the company makes forward-looking statements. Please note that many factors could affect the future financial results of the company and its subsidiaries, individually or collectively, and could cause such results to differ materially from those in the forward-looking statements in this press release. These factors include but are not limited to: the recent and ongoing coronavirus (COVID-19) pandemic, which is risky and may damage the company’s business and operating results in future quarters, credit risk, changes in market interest rates, inability to operate, merger-related synergies, competition, Economic downturn or recession; and government regulation and supervision. The company assumes no obligation to update or revise any forward-looking statements.

Show original content:

SOURCE GBank Financial Holdings Inc.

The above press release is courtesy of PRNewswire. The views, opinions, and statements contained in the press release are not endorsed by, nor do they necessarily reflect those of Gray Media Group, Inc.

The post GBank Monetary Holdings Inc. Declares Financial institution of George Sponsored Nonprofit, SafeNest, Awarded $25,000 FHLBank San Francisco 2021 AHEAD Financial Improvement Grant appeared first on Los Gatos News And Events.

LAS VEGAS, Oct 12, 2021 / PRNewswire / – GBank Financial Holdings Inc. (“GBank” or the “Company”) (OTCQX: GBFH), the parent company of the Bank of George (the “Bank”), announced today that the Bank of George sponsored non-profit organization SafeNest, is the recipient of a $ 25,000 grant.

“I’m excited to announce that our sponsored nonprofit, SafeNest, has received an award $ 25,000 in this year’s AHEAD program at FHLBank San Francisco, “said T. Ryan Sullivan, President / CEO of GBank and Bank of George.

The grant from the Federal Home Loan Bank of San Francisco is awarded to nonprofits through a competitive process available to their members. FHLBank San Francisco awarded $ 1.5 million in grants to 60 projects promoting economic development and promoting financial stability in Arizona, California, and Nevada Municipalities.

“Financial instability shouldn’t be the reason someone returns to an abusive domestic situation,” said Marietta Nuñez, senior vice president and community investment officer at FHLBank San Francisco. “We are proud to work with our member, the Bank of George, to enable SafeNest to provide direct financial assistance to customers who need a boost to stay safe and advance their lives.”

About SafeNest

SafeNest is Nevadas largest and most comprehensive non-profit organization to end the domestic violence epidemic in Clark County. Since it opened in 1977, SafeNest has answered over 500,000 hotline calls and served over 25,000 people. Services include: 24/7/365 Domestic Violence Hotline, PS417 Mobile Response, Emergency Shelter, Counseling, Judicial Assistance, Legal Services, and Case Management. More information is available at www.SafeNest.org. For immediate help and support, call the 24/7 domestic violence hotline at 702-646-4981 or send an SMS.

About Federal Home Loan Bank of San Francisco

FHLBank San Francisco is a member-operated cooperative that helps local lenders get in Arizona, California, and Nevada Strengthen communities, create opportunities and change lives for the better. The instruments and resources that we make available to our member financial institutions promote home ownership, expand access to high-quality housing and promote economic development. AHEAD grants are awarded annually and through the bank’s member financial institutions to local community organizations for projects and programs that benefit lower-income and underserved communities.

The story goes on

The enterprise

GBank Financial Holdings Inc. (“GBank” or the “Company”) (GBFH), a bank holding company with approx $ 543 million in wealth June 30, 2021, conducts its business through its wholly-owned subsidiary, Bank of George (named in honor of George Washington). The bank, founded in 2007, operates two full-service retail branches in Las Vegas, Nevada, with primary lending activities geared towards bringing customers into Nevada, California, Utah, and Arizona. Bank of George has key businesses in three prominent business areas: SBA Lending, FinTech Gaming Division and Commercial Lending. The bank conducts national business through its SBA lending activities (ranked 24th in the nation by the US Small Business Administration for the SBA 7 (a) dollar loan volume up to June 30, 2021) and its partnership with BankCard Services, LLC (“BCS”). The FinTech Gaming Division, founded in 2016, operates the Sightline Payments Play + Solution (https://sightlinepayments.com/) for seamless and secure payment and gaming, which enables cashless, mobile trading solutions for gaming, lottery and sports betting ecosystems – positioning of GBank as the financial leader in this new world of payments. The bank also provides general commercial banking services focusing on the needs of small and medium-sized businesses, high net worth individuals, professionals and investors. The bank offers a full range of consumer deposit products and is focused on providing a world class level of service. The Bank of George has been recognized by S&P Global Market Intelligence as one of the top 100 US community banks for each year for the past five years $ 3 billion in wealth. For more information about the Bank of George, please visit their website at https://www.bankofgeorge.com. GBank’s common stock is listed on the US OTCQX market under the symbol GBFH.

Forward-Looking Statements

GBank has made forward-looking statements in this press release. These forward-looking statements are subject to risks and uncertainties. Forward-looking statements contain information about possible or anticipated future operating results of the company and its subsidiaries. Whenever words such as “believes,” “expects,” “expects” or similar expressions appear in this press release, the company makes forward-looking statements. Please note that many factors could affect the future financial results of the company and its subsidiaries, individually or collectively, and could cause such results to differ materially from those in the forward-looking statements in this press release. These factors include but are not limited to: the recent and ongoing coronavirus (COVID-19) pandemic, which is risky and may damage the company’s business and operating results in future quarters, credit risk, changes in market interest rates, inability to operate, merger-related synergies, competition, Economic downturn or recession; and government regulation and supervision. The company assumes no obligation to update or revise any forward-looking statements.

Cision

View original content: https://www.prnewswire.com/news-releases/gbank-financial-holdings-inc-announces-bank-of-george-sponsored-nonprofit-safenest–awarded-25-000-fhlbank-san – francisco-2021-ahead-economic-promotion-grant-301398530.html

SOURCE GBank Financial Holdings Inc.

The post GBank Monetary Holdings Inc. Pronounces Financial institution of George Sponsored Nonprofit, SafeNest, Awarded $25,000 FHLBank San Francisco 2021 AHEAD Financial Improvement Grant appeared first on Los Gatos News And Events.