United Community Financial (UCFC) in Youngstown, Ohio, is looking to raise $5 million through a rights offering.
The $1.8 billion-asset company said Monday that all holders of its common stock as will be given the right to buy 5.5% of a common share for each share they own as of March 21.
United Community will announce the final terms of the offering after a review by the Securities Exchange Commission, the company said. United Community's stock closed at $3.65 on Monday.
The company launched a
The integration of J.P. Morgan's Fusion platform with FactSet aims to give buy-side clients the same level of analytics available to the sell side.
The Treasury Department extended deadlines for businesses to file beneficial ownership information after a court lifted a nationwide injunction on the reporting requirements.
On her way out the door, SBA Administrator Isabel Casillas Guzman issues licenses to four more nondepository lenders.
The Bank Policy Institute, the American Bankers Association and others said proposed changes would address "some if not all" of banks' concerns about stress tests, but they are filing the lawsuit to preserve their legal right to do so.
JPMorgan Chase, Wells Fargo, Bank of America, U.S. Bank and Citi had more than $1 billion in combined first-mortgage loans as of Sept. 30.
Fintech lenders often get criticized for high rates or fees on their consumer lending. But there's an argument to be made that the alternatives are worse.
