New Jersey Banks – Sun National Bank Center http://sunnationalbankcenter.com/ Sat, 18 Sep 2021 13:10:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://sunnationalbankcenter.com/wp-content/uploads/2021/05/sun-national-bank-center-icon-150x150.png New Jersey Banks – Sun National Bank Center http://sunnationalbankcenter.com/ 32 32 Fourth Live Update from Stimulus Control: Child Tax Credit Extension to 2025, New Payment in California, Unemployment Benefits … https://sunnationalbankcenter.com/fourth-live-update-from-stimulus-control-child-tax-credit-extension-to-2025-new-payment-in-california-unemployment-benefits/ https://sunnationalbankcenter.com/fourth-live-update-from-stimulus-control-child-tax-credit-extension-to-2025-new-payment-in-california-unemployment-benefits/#respond Sat, 18 Sep 2021 13:10:38 +0000 https://sunnationalbankcenter.com/fourth-live-update-from-stimulus-control-child-tax-credit-extension-to-2025-new-payment-in-california-unemployment-benefits/

Securities

AOC announces efforts to expand federal unemployment benefits until February 2022. (Full story)

– New projections on Social Security Cost of living adjustment for 2022 emerge. (Whole story)

President Biden fails to convince Sen Manchin to support the $ 3.5 billion spending bill

Seventeen states have seen increase in unemployment claims Last week. (Whole story)

A new bill to extend federal unemployment benefits until February 2022 emerges on Capitol Hill. (Whole story)

– How do I register a newborn baby for monthly child tax credit payments? (Whole story)

Last week, initial unemployment claims have increased for the first time in recent months. (All the details)

800,000 New Yorkers lost unemployment benefits when federal programs ended. (Whole story)

September Child Tax Credit Payments Sent, when will the money arrive in the banks (More information)

– Fourth federal stimulus check not in the $ 3.5 billion reconciliation invoice (full story)

Some US states send their own stimulus payments (More information)

Overview of the three dunning checks adopted by Congress. (Details)

Useful information / links

California Golden State Stimulus Checks:

California Tax Franchise Board to Send 2 million additional Golden State Stimulus checks Friday September 17th.

– How to Track Your Golden State Stimulus Check

– Who can receive a second Golden State Stimulus check? (Details)

– When can I expect my $ 600 Will Golden State Stimulus in California Happen? (Details)

– What state programs exist for Americans who lost their unemployment benefits? (All the details)

IRS distributes third payment of the child tax credit (Find out how you can unsubscribe from the monthly CTC)

Some of our related press articles:

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Over 40 New York activists arrested over protests against banks fueling climate emergency https://sunnationalbankcenter.com/over-40-new-york-activists-arrested-over-protests-against-banks-fueling-climate-emergency/ https://sunnationalbankcenter.com/over-40-new-york-activists-arrested-over-protests-against-banks-fueling-climate-emergency/#respond Fri, 17 Sep 2021 22:35:26 +0000 https://sunnationalbankcenter.com/over-40-new-york-activists-arrested-over-protests-against-banks-fueling-climate-emergency/

At least 40 climate activists were arrested on Friday at the New York offices of JPMorgan Chase, Citibank and Bank of America, organizers said, as activists across the United States called on financial institutions to stop supporting destruction of the planet.

“We need our heads of government to act immediately … The climate crisis is here now.”
—Christina See, XR NYC

“People deny the mess we find ourselves in,” Kerith Creo of Extinction Rebellion (XR) NYC said. “We are sending the message loud and clear that the little action greenwashing politicians and CEOs have taken so far is not starting to address the scale of this crisis.”

The protest actions included the handing over of 150,000 petition signatures as part of the Stop the Money Pipeline (STMP) coalition’s ‘Deadline Glasgow: Defund Climate Chaos’ campaign to pressure banks ahead of the summit COP 26. of the United Nations which is due to start on October 31.

Despite promises of net zero emissions from financial institutions by 2050, the petition points out, “they provide loans, insurance and billions of investment capital to companies developing the fossil fuel industry and deforesting the Amazon. and other tropical forests, companies guilty of human rights violations and violations of indigenous sovereignty.

The petition calls for specific projects – such as Line 3 – and urges banks, insurers, asset managers and the Biden administration to “end their support for companies engaged in climate destruction and violations of human rights law. human rights “ahead of the two-week UN summit in Scotland.

The upcoming negotiations in Glasgow “are the most important international climate talks since the signing of the Paris Agreement in 2015,” STMP said in a statement Friday. “It’s also supposed to be ‘the COP on climate finance’.”

The coalition continued:

Scientists say that nearly 60% of oil and gas reserves and 90% of coal must remain in the ground to keep global warming below 1.5 ° C. This follows a groundbreaking report from International Energy [Agency] earlier this year who said “there is no need to invest in new supplies of fossil fuels in our trajectory of net zero”. Yet not a single bank on Wall Street has committed to reducing its oil and gas investments, and all still have some exposure to coal. In fact, the biggest fossil fuel financier, JPMorgan Chase, has publicly committed to funding oil and gas for years to come.

In New York, climate activists have set up a boat outside JPMorgan Chase’s office, urging the bank to “stop greenwashing”, and draped a banner that read “# 1 Funder of Climate Death” over the entrance to the building.

At the Bank of America office in Manhattan, “a half-dozen women blocked the entrance and a seventh woman sat in a hammock supported by a large tripod on the sidewalk,” according to XR. Outside the Citibank building, “militants set up camp on the lawn near the entrance and set up a tripod on which they locked themselves.”

“We’ve reached the breaking point,” said Christina See of XR NYC. “We need our government leaders to act immediately. The New York area killed more than 40 in record flooding just a few weeks ago. The climate crisis is here now.”

The remnants of Hurricane Ida, which originally made landfall in Louisiana on the anniversary of Hurricane Katrina, caused deadly flooding in the northeast, triggering warnings not only from climate activists, but also political leaders on what the future holds for them.

During a damage tour in New York and New Jersey, President Joe Biden said, “We need to listen to scientists, economists and national security experts. They all tell us it’s code red; the nation and the world are in danger. And this is not hyperbole. It’s a fact.”

Climate activists have responded to Biden’s comments by urging him to declare a national climate emergency and stop all fossil fuel projects, stressing his refusal to block the Line 3 oil sands pipeline that the people oppose. Native leaders and environmentalists in Minnesota.

The protests came as the US president held a climate meeting with leaders of major economies and confirmed a new global commitment to reduce methane pollution by at least 30% by 2030. The Biden event followed his leaders’ summit in April, in which he pledged to cut the global heating emissions in half by half during this decade.

Activists on Friday “closed 4th Avenue in downtown Seattle and disrupted the business of the Canadian Consulate, Chase and the Bank of America,” according to the Washington city arm of 350.org.

STMP Explain that “they are targeting the world’s largest funders of climate chaos, as well as the Canadian government, which bought the ailing Trans Mountain pipeline in 2018.”

Protests in New York, Seattle and beyond came as a new UN analysis found that recent emission reduction pledges made by governments ahead of COP 26 are far from ambitious enough to meet the 1.5 ° C target of the Paris Agreement.

According to the new report, the world is on track for a 2.7 ° C warming or warming by 2100 – a revelation that prompted UN Secretary-General António Guterres to warn that a failure to reaching the Paris temperature target “will be measured by the massive loss of human life”. and livelihoods. “


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Woman remains missing in Woodland Park, NJ, due to Ida’s flooding https://sunnationalbankcenter.com/woman-remains-missing-in-woodland-park-nj-due-to-idas-flooding/ https://sunnationalbankcenter.com/woman-remains-missing-in-woodland-park-nj-due-to-idas-flooding/#respond Fri, 17 Sep 2021 09:07:55 +0000 https://sunnationalbankcenter.com/woman-remains-missing-in-woodland-park-nj-due-to-idas-flooding/

More than two weeks after the remains of Hurricane Ida hit New Jersey with historic flooding, one person is still missing.

Woodland Park Police said several eyewitnesses saw Donna Lomagro, 56, trapped in her car as floodwaters surrounded her. At around 9 p.m., she got out of her car, but was quickly swept away by the strong currents.

At least two people tried to rescue her, but should have been rescued themselves. Lomargo was last seen carried by floodwaters heading towards Dowling Creek. The stream eventually flows into the Passaic River.

https://www.facebook.com/WoodlandParkPD/posts/1189660368111250

The search for Lomagro is ongoing. The teams scanned the banks of the Dowling Creek and the Passaic River.

An NJ.com reporter visited the house which was Lomagro’s last known address. The website reports that a woman who opened the door said, “It was my daughter. She left.

Officially, the police still classify Lomagro as “missing”. His name was not added to the list of those blamed for the storm. The death toll officially stands at 30.

More people were killed by Ida in New Jersey than in any other storm affected state, including Louisiana, where Ida landed as a Category 4 hurricane.

This drew criticism against Gov. Phil Murphy, who only declared a state of emergency long after major flooding occurred. Some have questioned whether this delay led people to believe it was safe to drive during the storm, resulting in additional fatalities. Murphy brushed off this criticism, saying he warned people of the dangers of the storm.

Hurricane Ida Damage to New Orleans and the Gulf Coast

Hurricane Ida made landfall in Louisiana as a Category 4 hurricane on the 16th anniversary of Hurricane Katrina. Relief efforts are now underway for the entire region.

President Joe Biden travels to Somerset County, New Jersey to visit Ida damage

President Joe Biden visited Somerset County on Tuesday, September 7, 2021 for a meeting with state and county officials in Hillsborough and a visit to storm damage in Manville.

Remembering the impact of Tropical Storm Irene on New Jersey, 10 years later

Some New Jersey residents and communities never fully recovered after the incredible historic rainfall and flooding from Tropical Storm Irene in late August 2011.

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OpenLegacy’s Digital Integration Platform Delivers 353% Return on Investment According to New Total Economic Impact Study | Business https://sunnationalbankcenter.com/openlegacys-digital-integration-platform-delivers-353-return-on-investment-according-to-new-total-economic-impact-study-business/ https://sunnationalbankcenter.com/openlegacys-digital-integration-platform-delivers-353-return-on-investment-according-to-new-total-economic-impact-study-business/#respond Wed, 15 Sep 2021 11:02:22 +0000 https://sunnationalbankcenter.com/openlegacys-digital-integration-platform-delivers-353-return-on-investment-according-to-new-total-economic-impact-study-business/

PRINCETON, NJ – (BUSINESS WIRE) – Sep 15, 2021–

OpenLegacy, which turns monolithic mainframe systems into cloud-native innovation building blocks, today announced the results of a recently released Total Economic Impact (TEI) study conducted by Forrester Consulting. The study determined that OpenLegacy’s digital integration platform delivers a 353% return on investment (ROI) to corporate clients.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210915005282/en/

(Graphic: Business Wire)

The Global 2000 bank examined saw:

  • Significant improvement in productivity: IT teams can focus on developing new applications, features and updates while spending a fraction of the time on integration.
  • Time-to-market acceleration: OpenLegacy’s solution generates application programming interfaces (APIs) in minutes, quickly integrating assets and deploying them as standard microservices or serverless functions.
  • Reducing the costs of digital innovation: OpenLegacy connects directly to the most complex legacy systems, avoiding the need for expensive enterprise service buses (ESBs) and other layers of technology.

The Forrester TEI study highlights the benefits of the cloud, particularly, but not limited to, the banking industry. However, the lack of widespread adoption of the cloud makes it difficult for banks to ensure the speed and agility that come with it. According to the IBM “Banking on Open Hybrid Multicloud” report, while 91% of financial institutions actively use cloud services today, only 9% of critical regulated banking workloads have moved to a public cloud environment.

By comparison, 60% of all workloads were expected to run in the cloud as of 2019, leaving behind banking, insurance, and other data-hungry industries providing critical infrastructure (451 Research). These markets face huge hurdles on the way to modernization, and OpenLegacy aims to enable these most far-reaching companies to not only survive, but also deliver digital innovations like they never did before. decades ago.

“As organizations prepare for changing innovation needs, core systems must evolve to an agile, cloud-ready architecture to stay fit. Accessibility and connectivity to mainframe and midrange systems therefore play a critical role in securing digital capabilities. have the means to develop and meet the needs of the business effectively and efficiently, “said Forrester study.” After the investment in OpenLegacy, the customer was able to create an end-to-end flow automated, faster API production and connectivity to the mainframe.

Download the full OpenLegacy Forrester Total Economic Impact ™ (TEI) study here.

About OpenLegacy

OpenLegacy’s digitally-driven integration enables organizations with legacy systems to release new digital services faster and more efficiently than ever. It connects directly to the most complex legacy systems, avoiding the need for additional technological layers. It then automatically generates APIs in minutes, quickly integrating those assets into exciting new innovations. Finally, it deploys them as standard microservices or serverless functions, giving organizations speed and flexibility while dramatically reducing costs and resources. With OpenLegacy, industry-leading companies are releasing new apps, features, and updates in days instead of months, allowing them to go truly digital. Find out why large companies choose OpenLegacy at openlegacy.com, and follow us on Twitter or LinkedIn.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210915005282/en/

CONTACT: Media contact:

Triple

Katie le chase

openlegacy@treblepr.com

KEYWORD: IRELAND UNITED STATES UNITED KINGDOM CANADA NORTH AMERICA EUROPE NEW JERSEY

INDUSTRY KEYWORD: ELECTRONIC DESIGN AUTOMATION DATA MANAGEMENT ELECTRONIC CONSUMER MOBILE / WIRELESS TECHNOLOGY OFFICE PRODUCTS SECURITY TRADE AUDIO / VIDEO INSURANCE FINANCE CONSULTING BANKING ACCOUNTING PROFESSIONAL SERVICES ONLINE RETAIL RETAILING TELECOMMUNICATIONS

SOURCE: OpenLegacy

Copyright Business Wire 2021.

PUB: 09/15/2021 07: 00 / DISC: 09/15/2021 07:02

http://www.businesswire.com/news/home/20210915005282/en

Copyright Business Wire 2021.


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Addressing food insecurity among veterinarians in NJ https://sunnationalbankcenter.com/addressing-food-insecurity-among-veterinarians-in-nj/ https://sunnationalbankcenter.com/addressing-food-insecurity-among-veterinarians-in-nj/#respond Tue, 14 Sep 2021 04:19:06 +0000 https://sunnationalbankcenter.com/addressing-food-insecurity-among-veterinarians-in-nj/
Dionisio Cucuta

What do you do when the military declares you unfit for work due to post-traumatic stress disorder and other conditions resulting from six years in the US Marine Corps? For Dionisio Cucuta, the answer was clear: create a nonprofit organization that helps other veterans develop their skills for success in civilian life.

Its Englewood-based Disabled Combat Veterans Youth program began in 2010 by providing young soccer players, many of whom are from diverse and economically disadvantaged communities, a mentorship program that has helped them develop skills for the world of football. job.

More recently, the association has focused on growing food insecurity among veterans and the general public, and now distributes free food to thousands of families in Bergen, Passaic and Essex counties, especially those who have been hit hard by the COVID-19 pandemic.

Cucuta’s work serving the hungry in North Jersey has now been recognized by Points of Light, a national non-profit organization founded by former President George HW Bush, which will present him with an award on September 28. The group promotes the efforts of individuals and organizations that contribute to the improvement of issues such as hunger, education and water quality.

The recognition will be the latest in a series of awards, including being named Hometown Hero during the pandemic by U.S. Representative Josh Gottheimer (D-5th) to congratulate Cucuta for the work Cucuta does for veterans and others. But he said the new commendation means even more to him than any of the others.

“I did not expect that”

“The tears kept falling from my eyes,” Cucuta said, in an interview with NJ Spotlight News. “I wasn’t expecting this, I hadn’t been looking for this. I had no idea what the points of light were. All I wanted to do was just help people. I am a born again Christian; God made me do his job, and I did his job, and look where I am.

Veterinarians have been particularly hard hit by the pandemic, as many receive fixed military pensions or disability benefits and are unable to work due to injuries sustained while on duty, and therefore may struggle to make ends meet. Cucuta said.

This means that food aid has become an important source of aid for the military and other families struggling with low incomes, he said.

With the delta variant of the coronavirus creating a new wave of COVID-19 cases and the prospect of a new influx of veterans of the withdrawal from Afghanistan, Cucuta said he expects demand to food aid is imminently increasing. There are approximately 400,000 military veterans in New Jersey, according to the US Veterans Administration.

Cucuta himself receives $ 3,500 per month from the US Veterans Administration as disability compensation after his service as a cook in the Marines from 1977 to 1983. He served in Japan, Lebanon, the Philippines and at Camp Lejeune in North Carolina where he said he was sickened by drinking contaminated water.

Life after the army

After leaving the military, he worked as an executive chef at several restaurants in New York and New Jersey, and then took up chef positions in the corporate sector. But when he was ruled by the VA as unfit for work due to severe PTSD and other conditions about 15 years ago, he decided to start his nonprofit organization to help others in the world. need.

“I didn’t want to sit there and vegetate, so I might as well give back,” Cucuta said.

Even though his disability exempts him from income and property taxes on his Teaneck home, $ 3,500 a month doesn’t go far in Bergen County, and he knows other vets are struggling to pay their bills. , especially if they have large families.

“You are going to need help,” he said. “It hurts me inside because I know what they’re going through. No veteran should have to go through this.

Cucuta’s all-volunteer group distributes food to pantries and directly to residents after obtaining it from Table à Table, a non-profit organization that collects prepared and perishable food that would otherwise be thrown away by major retailers, including Walmart and ShopRite.

As demand increased during the pandemic, Table to Table has increased the food supply for the Cucuta group by about six times. It now distributes about 33 pallets of food per week to some 3,000 families, about 10% of which are military veterinarians, he said.

The partnership complements food aid provided by New Jersey’s major food banks and hundreds of pantries run by churches and other community groups to feed food insecure people, whose numbers have grown during the pandemic.

Demand is expected to increase again

For the Cucuta group, demand slowed to around 8,000 families in August, from around 12,000, he said. But he expects the amount of food distributed to rise again in September to 15% above July’s level as the delta variant “swells”, additional unemployment benefits end and children return. at school.

He fears another spike in January as a state ban on evictions for non-payment of rent during the pandemic is set to end. This should put more pressure on people’s budgets, forcing some to turn to food aid groups for help.

For Charmaine Jones, a Navy veteran who lives in Lodi, Bergen County, food packages from Cucuta’s group and other donors are a big help in feeding her two children, ages 11 and 12. . is an expense for growing children, ”she said.

Jones, 47, a single mother, collects two bags of food a month from the Great Falls Rotary Foundation Military Assistance Pantry, which she helped start in 2018. She said the number of vets receiving Help for pantry food increased to about 80 from about 10 when it opened.

She said vets often have a range of issues that lead them to seek food assistance, including disabilities, PTSD, unemployment or even homelessness. “They are going through a difficult time, so whatever help they can get, they are taking advantage of it,” she said.

Cucuta, 62, hopes advertising his Points of Light award will help him raise money to buy a farm somewhere in northern or western New Jersey where he can grow organic food, use it to feed the hungry and teach young people how to grow their own food.

For now, he recognizes that his work helps vets and others who struggle to get food on the table.

“I can reach these families and these young people, veterans and seniors on fixed incomes,” he said. “They’ve worked their whole lives and they’re still struggling. Let us help them.

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Wall Street was once the home of the big banks. September 11 led to a radical reinvention https://sunnationalbankcenter.com/wall-street-was-once-the-home-of-the-big-banks-september-11-led-to-a-radical-reinvention/ https://sunnationalbankcenter.com/wall-street-was-once-the-home-of-the-big-banks-september-11-led-to-a-radical-reinvention/#respond Sat, 11 Sep 2021 09:00:18 +0000 https://sunnationalbankcenter.com/wall-street-was-once-the-home-of-the-big-banks-september-11-led-to-a-radical-reinvention/

Wick Simmons, the former CEO of Nasdaq, started working on Wall Street in Lower Manhattan after graduating from business school in 1966. Today, he barely recognizes the neighborhood.

“Wall Street, as I knew it, is gone,” says Simmons.

For centuries, Wall Street has been home to the world’s largest banks. The attacks on the World Trade Center on September 11 were a game-changer, as many executives questioned the wisdom of bringing an entire industry together in one place.

And soon after, many banks and financial services companies took stakes. Some of them moved to other parts of New York City, while others left for Connecticut and New Jersey.

Simmons himself has decided to move Nasdaq staff to Times Square, which is now home to the stock exchange’s world headquarters.

Faced with an exodus, developers and city officials decided to reimagine and reinvent Lower Manhattan.

They envisioned a neighborhood that would attract residents and new businesses. It was to be anchored by a sparkling tower that would be part of the new World Trade Center complex, as well as a transit hub designed by famous architect Santiago Calatrava.

It worked.

Meet the New Wall Street

One rainy September morning, Wall Street was in turmoil. Yes, there were costumed traders and bankers tumbling down the cobblestones in front of the iconic New York Stock Exchange building.

But these financial workers outnumbered parents with children going to school. There are now more than twice as many apartments and condominiums as before 9/11, according to data from the Alliance for Downtown, a local business group.

Jonathan Corpina, who has been a Wall Street trader for 23 years and is now a senior managing partner at Meridian Equity Partners, always marvels at the changes.

“This area down here has become a very hot area from a residential standpoint,” Corpina said, pointing to buildings that were previously anchored by banks but have been reused by developers.

It is far from what it was.

“It was all business here,” Corpina says. “And then at 4:30, everyone was going and going home where they lived. It was very, very quiet.”

Today, along the narrow, winding streets, there are new bars and restaurants, as well as upscale boutiques and retailers, including Hermès and Tiffany & Co.

The pandemic dampened the neighborhood’s nightlife, but residents began to return and many businesses welcomed workers again.

Today, Uber and Spotify have taken up residence on Wall Street

The professional nature of Wall Street has also changed.

Before September 11, nearly half of the jobs here were in finance, insurance and real estate, according to the Alliance for Downtown. Since last year, it was a lower proportion: about a third of them.

Dino Fusco, the COO of Silverstein Properties, a major real estate developer responsible for much of the World Trade Center complex, acknowledges the changes.

“There are fewer people dressed as financial services executives, and a lot more people working in tech companies, media companies and advertising companies,” he says.

Many of them are located in the buildings of Silverstein Properties, including Spotify and Uber. Condé Nast is headquartered at One World Trade Center, the tallest building in the Western Hemisphere.

Yet some Wall Street alumni miss the old quarter.

Fred Price was a senior partner and founder of Sandler O’Neill when the attacks occurred. Price’s offices were on the 104th floor of the South Tower of the World Trade Center, and he lost more than 60 colleagues that day.

The company had been based in the Wall Street neighborhood since 1988, but Price and his colleagues on the executive committee decided it was time to move.

Today the firm – now known as Piper Sandler – is in Midtown, not far from Barclays and JPMorgan Chase.

Price, chief executive of Piper Sandler, acknowledges that post-9/11 movements have changed Wall Street.

“When you landed at the southern tip of Manhattan, you knew you and everyone were doing pretty much the same thing,” he recalls. “You were all in the financial services industry in one way or another.”

A look at Wall Street’s past – and its future

However, not all financial companies have decided to leave the neighborhood.

Ken Chenault, then chief executive officer of American Express, said a significant number of his colleagues wanted to move to another part of town, or even leave New York entirely.

But for Chenault, the past mattered: American Express has been based in Lower Manhattan since the 1850s. And he decided he wanted to be a part of Wall Street’s future, even if that would be drastically different from what it was. they had.

“I was convinced that American Express could play an important role in the revitalization of downtown New York,” he says.

American Express therefore returned to its building on Vesey Street, across from One World Trade Center, in the neighborhood it has lived in for over a century.

Copyright 2021 NPR. To learn more, visit https://www.npr.org.

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Validea Motley Fool Strategy Daily Upgrade Report – 8/9/2021 https://sunnationalbankcenter.com/validea-motley-fool-strategy-daily-upgrade-report-8-9-2021/ https://sunnationalbankcenter.com/validea-motley-fool-strategy-daily-upgrade-report-8-9-2021/#respond Wed, 08 Sep 2021 10:35:41 +0000 https://sunnationalbankcenter.com/validea-motley-fool-strategy-daily-upgrade-report-8-9-2021/

THere are today’s updates for Validea’s small-cap growth investor model based on Motley Fool’s published strategy. This strategy seeks small cap growth stocks with strong fundamentals and strong price performance.

ESQUIRE FINANCIAL HOLDINGS INC (ESQ) is a small capitalization security in the Regional Banks sector. The rating according to our strategy based on Motley Fool has increased from 53% to 80% depending on the underlying fundamentals of the company and the valuation of the stock. A score of 80% or more usually indicates that the strategy has some interest in the stock and a score above 90% generally indicates a strong interest.

Business Description: Esquire Financial Holdings, Inc. is a banking holding company for Esquire Bank, National Association (the Bank). The Bank is a full-service commercial bank committed to serving the financial needs of legal and small business communities nationwide, as well as commercial and retail clients in the New York metro market. The Bank offers tailor-made products and solutions to the legal community and their clients, as well as merchant service solutions to small business owners, nationwide. The Bank also offers traditional banking products to businesses and individuals in its local market. The Bank offers attorney related loans which include commercial and consumer loans to attorneys, law firms and plaintiffs / plaintiffs. The Bank also offers deposit products including checks, savings, money market, and certificates of deposit with a variety of rates.

The following table summarizes whether the title meets each of the tests for this strategy. Not all of the criteria in the table below are given the same weight or are independent, but the table gives a brief overview of the strengths and weaknesses of the title in the context of the strategy criteria.

PROFIT MARGIN: PAST
RELATIVE STRENGTH: TO FAIL
COMPARE SALES AND EPS GROWTH AT THE SAME PERIOD LAST YEAR: TO FAIL
INSIDER PARTICIPATIONS: PAST
CASH FLOWS FROM OPERATIONS: PAST
CONSISTENCY OF PROFIT MARGIN: TO FAIL
R&D IN PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PAST
“THE FOOL RATIO” (GROWTH P / E): PAST
AVERAGE SHARES IN CIRCULATION: PAST
SALES: PAST
DAILY VOLUME IN DOLLARS: PAST
THE PRICE: PAST
INCOME TAX PERCENTAGE: PAST

Detailed analysis of ESQUIRE FINANCIAL HOLDINGS INC

Full Guru Analysis for ESQ

Full Factor Report for ESQ

PARKE BANCORP, INC. (PKBK) is a small cap value stock in the regional banking sector. The rating under our Motley Fool-based strategy fell from 53% to 80% depending on the underlying fundamentals of the company and the valuation of the stock. A score of 80% or more usually indicates that the strategy has some interest in the stock and a score above 90% generally indicates a strong interest.

Company Description: Parke Bancorp, Inc. is a banking holding company of Parke Bank (the Bank). The Bank is a full-service commercial bank, focused on providing personal and business financial services to individuals and small to medium-sized businesses in Gloucester, Atlantic and Cape May counties in New Jersey and the Philadelphia area. in Pennsylvania. It focuses its commercial loan arrangements on small and medium-sized businesses. Its commercial loan products include residential and commercial real estate construction loans; working capital loans and lines of credit; demand, term and term loans; and equipment, inventory and accounts receivable financing. It also offers a range of deposit products to its business customers. It offers contemporary products and services, such as debit cards, internet banking and online bill payment. Its retail lending business includes residential mortgages, home equity lines of credit, fixed rate second mortgages, new and used auto loans and overdraft protection.

The following table summarizes whether the title meets each of the tests for this strategy. Not all of the criteria in the table below are given the same weight or are independent, but the table gives a brief overview of the strengths and weaknesses of the title in the context of the strategy criteria.

PROFIT MARGIN: PAST
RELATIVE STRENGTH: TO FAIL
COMPARE SALES AND EPS GROWTH AT THE SAME PERIOD LAST YEAR: TO FAIL
INSIDER PARTICIPATIONS: PAST
CASH FLOWS FROM OPERATIONS: PAST
CONSISTENCY OF PROFIT MARGIN: TO FAIL
R&D IN PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PAST
“THE FOOL RATIO” (GROWTH P / E): PAST
AVERAGE SHARES IN CIRCULATION: PAST
SALES: PAST
DAILY VOLUME IN DOLLARS: PAST
THE PRICE: PAST
INCOME TAX PERCENTAGE: PAST

Detailed analysis of PARKE BANCORP, INC.

Full Guru Analysis for PKBK

Full Factor Report for PKBK

ONEMAIN HOLDINGS INC (OMF) is a mid-cap value stock in the consumer financial services industry. The rating according to our strategy based on Motley Fool has increased from 59% to 72% depending on the underlying fundamentals of the company and the valuation of the stock. A score of 80% or more usually indicates that the strategy has some interest in the stock and a score above 90% generally indicates a strong interest.

Company Description: OneMain Holdings, Inc. is a financial services holding company. The Company is a consumer credit company, which provides personal loan products; credit and non-credit insurance, and service loans owned by it and service or sub-service loans held by third parties. The Company’s segments include consumer and insurance; acquisitions and services; Real estate and others. It is engaged in the pursuit of strategic acquisitions and disposals of assets and businesses, including loan portfolios or other financial assets. The Company creates and manages personal loans (secured and unsecured) through two business divisions: branch operations and centralized operations. As of December 31, 2016, its combined branch operations included more than 1,800 branches in 44 states. It offers its customers optional credit insurance products, including credit life insurance, credit disability insurance, credit involuntary unemployment insurance and guarantee protection insurance.

The following table summarizes whether the title meets each of the tests for this strategy. Not all of the criteria in the table below are given the same weight or are independent, but the table gives a brief overview of the strengths and weaknesses of the title in the context of the strategy criteria.

PROFIT MARGIN: PAST
RELATIVE STRENGTH: TO FAIL
COMPARE SALES AND EPS GROWTH AT THE SAME PERIOD LAST YEAR: TO FAIL
INSIDER PARTICIPATIONS: TO FAIL
CASH FLOWS FROM OPERATIONS: PAST
CONSISTENCY OF PROFIT MARGIN: PAST
R&D IN PERCENTAGE OF SALES: NEUTRAL
CASH AND CASH EQUIVALENTS: PAST
“THE FOOL RATIO” (GROWTH P / E): PAST
AVERAGE SHARES IN CIRCULATION: PAST
SALES: TO FAIL
DAILY VOLUME IN DOLLARS: TO FAIL
THE PRICE: PAST
INCOME TAX PERCENTAGE: PAST

Detailed analysis of ONEMAIN HOLDINGS INC

Full Guru Analysis for OMF

Full Factor Report for OMF

More details on Validea’s Motley Fool strategy

About Motley Fool: Brothers David and Tom Gardner often wear funny hats during public appearances, but they’re not dumb at all – at least not the kind whose advice you should easily dismiss. The Gardners are the founders of the popular Motley Fool website, which offers candid and often irreverent commentary on investing, the stock market, and personal finance. Gardner’s “Fool” is truly a multimedia company, offering not only its web content, but also several books written by the brothers, a subscribed weekly newspaper column and subscription newsletter services.

About Validea: Validea is an investment research service that tracks strategies published by investment legends. Validea offers both equity analysis and model portfolios based on gurus who have outperformed the market over the long term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information on Validea, click here

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Trustco Bank (TRST) drops 0.69% to high volume on September 3 https://sunnationalbankcenter.com/trustco-bank-trst-drops-0-69-to-high-volume-on-september-3/ https://sunnationalbankcenter.com/trustco-bank-trst-drops-0-69-to-high-volume-on-september-3/#respond Sat, 04 Sep 2021 01:41:00 +0000 https://sunnationalbankcenter.com/trustco-bank-trst-drops-0-69-to-high-volume-on-september-3/

Trustco Bank Corp. (NASDAQ: TRST), a company in Albany, New York, closed at $ 31.59 on Friday after losing $ 0.22 (0.69%) on a volume of 108,362 shares. The stock ranged from a high of $ 32.10 to a low of $ 31.45, while Trustco Bank’s market cap now stands at $ 608,579,486.

About Trustco Bank Corp.

TrustCo Bank Corp NY is a $ 5.7 billion savings and loan holding company. Through its subsidiary Trustco Bank, Trustco operates 148 offices in New York, New Jersey, Vermont, Massachusetts and Florida. Trustco has a tradition of over 100 years of providing high quality services, including a wide variety of deposit and loan products. In addition, Trustco Bank’s financial services department offers a full range of investment, retirement planning, and trust and estate administration services. Trustco Bank is ranked among the best performing savings banks in the country.

Visit the profile of Trustco Bank Corp. for more information.

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For more information on Trustco Bank Corp. and keep up with the latest company updates, you can visit the company profile page here: Trustco Bank Corp.’s Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView on the basis of prices delayed by 15 minutes. All other data provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

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Volante Technologies sees US RTP connections set to triple within year https://sunnationalbankcenter.com/volante-technologies-sees-us-rtp-connections-set-to-triple-within-year/ https://sunnationalbankcenter.com/volante-technologies-sees-us-rtp-connections-set-to-triple-within-year/#respond Tue, 24 Aug 2021 16:31:30 +0000 https://sunnationalbankcenter.com/volante-technologies-sees-us-rtp-connections-set-to-triple-within-year/

This yahoo! Finance publication discusses a recent telephone survey of payment transaction specialists at mid-tier US banks and credit unions, in which the results suggest that payment volumes executed through the RTP system of the clearing house are set to increase dramatically over the coming year. We have been following developments around RTP since its launch at the end of 2017 as the first new American payment rail in 40 years. In our newest member research Covering all faster payouts and real-time use cases, we forecast around 55% CAGR in general for faster payouts from 2020 to 2024, with an even higher growth rate for RTP. This benchmark survey, which was commissioned by Volante Technologies, a New Jersey-based enterprise payment technology company, indicates that many small and medium-sized institutions are finally freeing up resources to connect to RTP.

Volante Technologies, the global leader in cloud payments and financial messaging, today revealed the results of its Payments Modernization Survey for Mid-Tier Banks and Credit Unions in the United States with Assets between $ 2.5 billion and $ 25 billion. The results show that real-time payment connections are expected to triple over the course of the year and that cloud-based payments as a service (PaaS) is a growing industry priority …. The study, conducted in the first quarter of 2021, samples a significant portion of the market segment at three levels. It highlights the urgent need to improve productivity to support increasing payment volumes and the complexity of maintaining multiple payment platforms. The challenges cover all types of payment, from domestic, real-time and ACH transfers to cross-border payments. ‘

The full survey can be downloaded from the referenced article via a link provided. In addition to the RTP data, there are a number of results that interested readers can check out. Perhaps a surprising conclusion is that the upcoming ISO 20022 conversion for Fedwire and CHIPS is only mentioned as a challenge by only 10% of respondents, which seems rather low to us. This could mean that it is not yet a priority since the conversion dates have been delayed by COVID. It’s also worth noting that although 15% of those surveyed are already logged in to RTP and 45% plan to do so within the next year, 40% of those surveyed had no intention of logging in. This could mean that many are waiting for FedNow to launch in 2023 or currently cannot justify a business case for real-time payments. The survey also indicates great interest in the PaaS delivery model, which again reinforces a growing movement of banks towards cloud-based operations. Worth a visit to see.

“Financial institutions are looking to streamline their operations to prepare for the potential prevalence of 24/7 real-time payments and the increased operational complexity this will bring,” said John Farrell, SVP Global Product Management, Volante Technologies. “There is a strong desire for capabilities related to digital transformation, ranging from increased automation to improved reporting and lower operating costs. “

Insight by Steve Murphy, Director, Commercial and Corporate Payments Advisory Services at Mercator Advisory Group

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Why rename Judea and Samaria? https://sunnationalbankcenter.com/why-rename-judea-and-samaria/ https://sunnationalbankcenter.com/why-rename-judea-and-samaria/#respond Sun, 22 Aug 2021 08:33:13 +0000 https://sunnationalbankcenter.com/why-rename-judea-and-samaria/

There are good reasons for the Arab world and the anti-Israel left to insist on using the false and geographically inaccurate term “West Bank” when referring to Judea and Samaria.

Think about it: imagine a human rights movement built around the slogan: Banish the Arabs of Arabia! Such a slogan and such a movement would raise many questions. For example, where else would the Arabs have the right to be if not Arabia, and who could have more rights over Arabia than the Arabs?

While freedom-loving Americans have endless reasons to squirm when considering Saudi Arabia (as do Americans who hate freedom), we all tend to agree that Arabs who want to live there have a right to presumed to do so. Arabia for the Arabs.

India for Indians. Russia for the Russians. Mongolia for the Mongols — some outsiders, some insides. Austria for the Austrians. Guatemala for the Guatemalans. Cuba for Cubans. Sounds right.

Somewhere in the litany it would make sense to say: Yehuda for Yehudim—that is, Judea for the Jews. Even anti-Semites would find it difficult to support slogans such as “Ban the Jews of Judea!” The Jews never lived in Judea! The Jews (Yehudim in Hebrew) from the tribe of Judah (Yehuda) gave the land of Yehuda its name: Judea, as transcribed in the King James version of the Bible.

It has always been absurd to call Judea and Samaria the “West Bank”. Think about the most famous places in the Bible: Jerusalem, Hebron, Bethlehem, Nazareth, Beth El, Jericho, Shiloh, Sichem (Nablus), Galilee, Tekoa — all the places where Jewish patriarchs and matriarchs, kings and prophets have walked and lived. Jesus and the apostles too. Their lives were all centered in Judea and Samaria. These terms are found throughout the Bible, with over 100 mentions of “Samaria” alone in the Bible. Tanakh (Hebrew Bible) and in the Christian Gospels.

At that time, there was no Tel Aviv, no Herzliya, no Haifa, no Netanya. Of course, the Zionists also occupied these lands. But it was in the cities of Judea and Samaria that the seeds of Western civilization were planted and took root.

Visit virtually any of the 140 Jewish communities where 800,000 Jews currently reside in Judea and Samaria, and you will not see any riverbanks. It’s not like Jersey City, New Jersey, which is on the west bank of the Hudson River. No one calls Jersey City “the West Bank”. Why not? Too much history there? Too many Bible memorabilia of Moses and Aaron buying shoes in Journal Square or using the PATH trains at Grove Street station?

The Arab world and their awakened allies have no problem calling all other places in the Middle East by their biblical names: Beersheva, Galilee, Jordan, Gaza, Damascus, Lebanon, Tire, Sidon and of course Jerusalem, Hebron, Bethlehem. and Nazareth. Even Americans comfortably use Biblical names for so many of their cities: Hebron, Maryland; the Jericho Turnpike, New York; Bethel, Indiana; the Battle of Shiloh, Tennessee; Manassas (Menashe), Virginia.

Judea and Samaria—Yehuda and Shomron—should be called by their real names and not by the term ersatz woke which seeks to strip the 800,000 Jews who currently live there of their heritage and their land. When a newborn is due to arrive, think about the hours, contemplation, even feuds and inter-family negotiations that often precede the appointment of the newcomer. Names have great power and meaning. This is why the enemies of Israel call Judea and Samaria “the West Bank”.

And why we should call it Judea and Samaria.

Rabbi Dov Fischer, law professor and senior rabbinical researcher at the Coalition for Jewish Values, is senior editor of “The American Spectator.”

This article first appeared in Israel Hayom.

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