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Mercantile Bank Corporation and Eastern Michigan Financial Corporation Announce Receipt of All Required Regulatory Approvals for Pending Merger
Prnewswire· 2025-12-16 23:23
Core Viewpoint - The Federal Reserve Bank of Chicago has approved the merger between Mercantile Bank Corporation and Eastern Michigan Financial Corporation, marking a significant step towards the completion of the merger process [1][3]. Group 1: Merger Details - Mercantile and Eastern have entered into a Merger Agreement, where Eastern will merge into Shamrock Merger Sub LLC, a subsidiary of Mercantile, which will then merge into Mercantile itself [2]. - Following the merger, Mercantile will temporarily operate as a two-bank holding company, with plans to consolidate Eastern Michigan Bank into Mercantile Bank by the first quarter of 2027, pending regulatory approvals [2]. - The merger is expected to be completed on December 31, 2025, subject to Eastern shareholder approval and customary closing conditions [3]. Group 2: Leadership Comments - Ray Reitsma, President and CEO of Mercantile, expressed satisfaction with receiving all necessary regulatory approvals and emphasized the merger's potential to create value for shareholders, customers, and communities [4]. - Willam Oldford, President and CEO of Eastern, shared enthusiasm for the merger and highlighted the opportunity to enhance products and services for customers [4]. Group 3: Company Profiles - Mercantile Bank Corporation, based in Grand Rapids, Michigan, has approximately $6.3 billion in assets and is one of the largest Michigan-based banks, providing a range of financial products and services [5]. - Eastern Michigan Financial Corporation, based in Croswell, Michigan, operates 12 branches and has $505 million in assets, holding the 1 deposit market share among community banks in its primary market [6].
Eastern Bank Named #1 SBA Lender in Massachusetts for the 17th Year in a Row
Businesswire· 2025-12-09 18:30
Core Insights - Eastern Bank has been recognized as the top lender for SBA 7(a) loans in Massachusetts for 17 consecutive years, reflecting its commitment to supporting local businesses [1][3]. Company Overview - Eastern Bank, founded in 1818, is the leading local bank in Greater Boston with over 110 locations serving eastern Massachusetts, southern and coastal New Hampshire, Rhode Island, and Connecticut [5]. - As of September 30, 2025, Eastern Bank had approximately $25.5 billion in assets and offers a full range of banking and wealth management solutions [5]. - The bank has a strong community focus, having contributed over $240 million in charitable giving since 1994 [5]. SBA Lending Performance - In the most recent fiscal year, Eastern Bank originated 290 SBA 7(a) loans totaling approximately $43.5 million, helping businesses that may not qualify for conventional loans [3]. - The bank's Equity Alliance for Business program supports women and entrepreneurs of color, enhancing its SBA lending activity [3]. Customer Impact - A real estate investor, Greg Banks, successfully purchased a home staging business with the help of an SBA 7(a) loan from Eastern Bank, highlighting the bank's role in facilitating business ownership [4].
Electric Metals Confirms Non-Binding MOU Regarding Corcoran Canyon Property
Accessnewswire· 2025-12-08 23:00
Core Viewpoint - Electric Metals (USA) Limited has confirmed the existence of a memorandum of understanding (MOU) regarding the potential sale of its Corcoran Canyon silver-gold property in Nevada, which was announced by an unrelated third party and not previously disclosed by the Company [1] Group 1 - The MOU is dated December 4 and was executed on December 5, 2025 [1] - The agreement is non-binding, non-exclusive, and can be cancelled by either party at any time [1] - The MOU is preliminary and subject to negotiation and execution of a definitive agreement [1]
China Eastern Airlines Launches New 'Shanghai–Auckland–Buenos Aires' Route, Building 'Air Bridge' on Pacific
Businesswire· 2025-12-08 05:48
Core Points - China Eastern Airlines (CEA) launched a new route connecting Shanghai, Auckland, and Buenos Aires on December 4 [1] - The inaugural flight utilized a themed aircraft named "National Museum of China" and carried 282 passengers on a journey of 20,000 kilometers [1] - This new route represents the first direct flight from Shanghai to a major city in South America, establishing a new "southbound corridor" across the Pacific [1] - The route provides an alternative to traditional transfer routes that typically go through Europe or North America [1]
China Eastern Airlines Launches World's Longest Flight Featuring Museum-Themed Aircraft
Globenewswire· 2025-12-08 05:43
Core Points - China Eastern Airlines (CEA) launched a new Shanghai–Auckland–Buenos Aires route on December 4, 2025, marking the first direct flight from Shanghai to a major South American city [1] - The inaugural flight carried 282 passengers on a 20,000-kilometer journey, reducing travel time from approximately 30 hours to about 25 hours, setting a record for the world's longest one-way commercial flight [1] - The route operates with Boeing 777-300ER aircraft, with flights scheduled on Mondays and Thursdays for departures and Tuesdays and Fridays for returns [3] Service Enhancements - CEA hosted an inaugural ceremony featuring Argentine-themed decor and special beverages, along with Argentine dishes for passengers [5] - The airline has introduced a Spanish-language hotline to assist travelers, enhancing its international service offerings [5] Strategic Implications - The new route connects three continents and allows CEA to handle passenger and cargo transfers in Auckland without changing aircraft, facilitating trade between China, New Zealand, and Argentina [6] - CEA has established a cold-chain direct delivery channel from Argentina to China, transporting 2.1 tonnes of Argentine cherries and 10.5 tonnes of fresh Chilean salmon on the return flight [6] - The route is expected to promote cultural exchanges between the Asia-Pacific and Latin America, creating an "air bridge" across the Pacific Ocean [6]
Eastern Bank Announces The Sourcing Group As A Commercial Banking Customer
Businesswire· 2025-12-03 18:30
Core Insights - Eastern Bank has announced The Sourcing Group (TSG) as a new commercial banking customer, indicating a strategic partnership aimed at supporting TSG's financial needs [1] Company Overview - The Sourcing Group (TSG) specializes in technology-enabled solutions that assist clients in optimizing the creation, procurement, fulfillment, and logistics of marketing collateral and branded merchandise [1] Financial Support - Eastern Bank is positioned as a key financial resource to facilitate the ongoing growth and success of TSG, highlighting the bank's commitment to supporting its clients' operational financing needs [1]
Blackrock Silver Announces Final Assays from Eastern Expansion Drill Program at Tonopah West
Newsfile· 2025-12-02 11:00
Core Insights - Blackrock Silver Corp. has announced the final results from its Eastern Expansion Drill Program at the Tonopah West project, revealing several mineralized northwest structures with shallow mineralization over a 1.2-kilometre trend [2][3][5] Summary by Sections Eastern Expansion Program Highlights - The Eastern Expansion Program was fully funded and aimed at expanding the resource area at Tonopah West, which is 100% owned by the company [2][3] - The program commenced in July 2025 and involved a total of 6,798 metres drilled across 24 drillholes, with 22 completed [4] Drilling Results - The drilling identified at least three distinct, parallel mineralized zones oriented northwest, suggesting a series of footwall fault splays rather than a singular structure [5][8] - Significant drill results include: - TXC25-173: 0.92 metres of 2,122.7 grams per tonne (g/t) silver equivalent (AgEq) from 220.9 metres [5] - TXC25-178: 6.4 metres of 296.6 g/t AgEq, including 0.46 metres of 3,853 g/t AgEq from 183.8 metres [5] - The results will be incorporated into an updated mineral resource estimate and preliminary economic assessment expected by February 2026 [5][6] Mineralization and Structural Insights - The program confirmed the presence of shallow, high-grade, and thick mineralization in the identified structures, indicating potential for further expansion [8][9] - Historical context suggests that the Pittsburg-Monarch fault has been a significant ore control in the district, with the current drilling confirming the importance of its associated structures [8] Quality Assurance and Control - All sampling was conducted under strict supervision, ensuring a chain of custody from the project site to the laboratory for accurate assay results [19][20] Company Overview - Blackrock Silver Corp. is focused on exploration and development of precious metals, particularly in Nevada, with a portfolio that includes low-sulphidation, epithermal gold and silver mineralization [23]
Snail, Inc. to Present at NobleCon21 on December 3, 2025 at 2:00 p.m. Eastern Time
Newsfile· 2025-11-26 13:30
Core Viewpoint - Snail, Inc. will present and hold one-on-one meetings at NobleCon21 on December 3, 2025, showcasing its position as a leading developer and publisher in the interactive digital entertainment industry [1][2]. Company Information - Snail, Inc. (NASDAQ: SNAL) is recognized as a leading global independent developer and publisher of interactive digital entertainment, offering a premier portfolio of premium games across various platforms, including consoles, PCs, and mobile devices [3]. - The company aims to engage with investors and stakeholders through its presentation and meetings at the conference [1]. Event Details - The management team of Snail, Inc. is scheduled to present on December 3, 2025, at 2:00 p.m. Eastern time, with a video webcast available the following day on multiple platforms [2]. - The webcast will be archived for 90 days, allowing broader access to the presentation and discussions [2].
BioNTech Shares Progress on Exchange Offer for CureVac Shares and Highlights December 3, 2025, at 9:00 a.m. Eastern Time Expiration
Globenewswire· 2025-11-26 12:30
Core Viewpoint - BioNTech SE has received overwhelming approval from CureVac shareholders for its exchange offer, with over 99.16% voting in favor, and expects to complete the offer promptly [1][9]. Group 1: Offer Details - The exchange offer for CureVac shares is set to expire at 9:00 a.m. Eastern Time on December 3, 2025, with shareholders advised to tender their shares by 6:00 p.m. Eastern Time on December 2, 2025 [2][9]. - The exchange ratio is established at 0.05363 of a BioNTech American Depositary Share (ADS) for each CureVac share, based on a volume-weighted average price of $101.88 over the 10 trading days ending November 25, 2025 [3][9]. - BioNTech will recalculate the exchange ratio if the offer is extended and will announce the new ratio via press release [3]. Group 2: Tendering Process - CureVac shareholders holding shares through brokers should provide instructions to their brokers to tender shares, while other shareholders can follow the instructions in the Letter of Transmittal [4]. - Following the acceptance of tendered shares, BioNTech will initiate a subsequent offering period of not less than 10 business days [4]. Group 3: Conditions and Reorganization - The offer is contingent upon BioNTech acquiring at least 80% of the outstanding CureVac shares, with a potential reduction to 75% if certain conditions are met [5]. - Upon satisfaction of all conditions, non-tendering CureVac shareholders will receive BioNTech ADSs or cash in lieu of fractional ADSs, subject to a 15% Dutch dividend withholding tax [6]. Group 4: Regulatory and Market Context - The announcement of the exchange ratio serves as a pricing notice under EU regulations for the public offering of BioNTech ADSs to CureVac shareholders in several European countries [7][9]. - BioNTech is a biopharmaceutical company focused on developing innovative therapies for cancer and other serious diseases, leveraging its expertise in mRNA technology [10].
Mama's Creations to Host Third Quarter Fiscal 2026 Earnings Call on December 8 at 4:30 p.m. Eastern Time
Globenewswire· 2025-11-24 13:31
Core Insights - Mama's Creations, Inc. will release its financial results for the fiscal third quarter ended September 30, 2025, after market close on December 8, 2025 [1] - The company aims to become a $1 billion deli prepared foods company by 2030, with a current revenue run-rate approaching $200 million following the acquisition of Crown 1 [4] Financial Results Announcement - The financial results will be discussed in an investor conference call scheduled for December 8, 2025, at 4:30 p.m. Eastern time [2] - Participants can join the call using specific dial-in numbers and a conference ID [2] Business Performance and Strategy - The company has demonstrated its ability to profitably scale the business, outpacing its category significantly [3] - The acquisition of Crown 1 is seen as a strategic move to enhance operational capabilities, drive cost synergies, and create cross-selling opportunities [3][4] - Mama's Creations is focused on seamless integration of Crown and expanding its presence with tier-1 national retailers [4] Company Overview - Mama's Creations, Inc. is a leading marketer and manufacturer of fresh deli prepared foods, available in over 12,000 retail locations across the U.S. [5] - The company aims to leverage vertical integration and a diverse brand portfolio to meet modern consumer demands [5]