Category: Finance

City of St. Louis to look into forming its own bank

The city of St. Louis could soon be exploring the idea of establishing a public municipal bank to address some of city’s most pressing issues — such as affordable housing, small business growth and financing for municipal projects. St. Louis Board of Aldermen President Lewis Reed introduced a resolution that would create a 13-member task force to study the idea on March 9. “It’s meant to set the stage for us to begin to get some […]

RELEASE: Commerce Bank recognized by Greenwich Associates with eight Greenwich Excellence Awards

Commerce Bank has been recognized by Greenwich Associates, the leading provider of global market intelligence and advisory services to the financial services industry, with eight 2017 Greenwich Excellence Awards. Seven of the awards recognize achievements in the middle market banking category ($10-500MM) and another in the small business category ($1-10MM). A complete listing of Commerce’s awards in both categories is included below. This press release features multimedia. View the full release here: Speaking to […]

Centene expansion project to get bigger under new plans filed with the city of Clayton

The planned $770 million expansion of Centene Corporation, located across the street from its main headquarters, has been bulked up, according to the latest architectural plans filed with the city of Clayton. Initial plans, as the Clayton Times reported in August, called for the residential tower to reach a maximum height of 150 feet. Clayco, the local construction company behind the building expansion, announced Wednesday that tower will now include five more floors, bringing its […]

RELEASE: Blunt bill to improve education and economic opportunities for low-income families passes Senate

WASHINGTON — U.S. Senator Roy Blunt (Mo.) today announced that his Family Self-Sufficiency Act passed as part of the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act. The Senate passed the Economic Growth, Regulatory Relief and Consumer Protection Act, which would roll back excessive Dodd-Frank regulations on community banks and credit unions, by a vote of 67-31. “The Family Self-Sufficiency Act will provide hardworking Missourians more tools to build a better future for themselves […]

RELEASE: Belden announces expiration and final results of its tender offers for any and all of the outstanding senior subordinated notes

Belden Inc. (NYSE: BDC) (“Belden”) today announced the final results of its previously announced tender offers (each, a “Tender Offer,” and collectively, the “Tender Offers”) to purchase any and all of its outstanding (i) 5.5% senior subordinated notes due 2023 (the “2023 Notes”) and (ii) 5.25% senior subordinated notes due 2024 (the “2024 Notes” and together with the 2023 Notes, the “Notes”), which commenced on March 6, 2018 and is described in the offer to […]

RELEASE: Vectra Co. announces completion of the sale of its EaglePicher Technologies business to affiliates of GTCR

ST. LOUIS /PRNewswire/ — Vectra Co. (“Vectra”), a portfolio company owned by certain investment funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) and a leading technology-driven diversified company, announced today that it has completed the sale of its EaglePicher Technologies business to affiliates of GTCR LLC (“GTCR”), a leading private equity firm with over $13 billion in assets under management. EaglePicher Technologies is a leader in providing advanced power and energy solutions for mission-critical […]

Metro Transit lands $1.75 million grant to add electric bus technology to fleet in 2020

Metro Transit will soon add two pollution-free, battery-powered electric buses to its fleet. The Federal Transit Administration awarded Metro a $1.75 million grant that will enable the St. Louis-based public transit agency to two replace diesel buses with electric buses. The FTA funds came from its Low or No Emission Vehicle Program, Metro announced Wednesday. That money will be used to purchase two extended-range battery electric buses that will be added to Metro’s clean-burning diesel […]

RELEASE: Edward Jones’ Penny Pennington receives inaugural Great Place to Work® for All leadership award

ST. LOUIS /PRNewswire/ — Penny Pennington, principal of Edward Jones’ Client Strategies Group, recently was honored with a Great Place to Work for All Leadership award. Pennington was one of the women leaders honored from companies on FORTUNE magazine’s annual list of the 100 Best Companies to Work For and Best Workplaces for Women. The awards were announced by Great Place to Work at a gala on March 7, the eve of the 107th International Women’s Day, […]

RELEASE: Edgewell Personal Care completes acquisition of Jack Black, L.L.C.

ST. LOUIS /PRNewswire/ — Edgewell Personal Care Company (NYSE: EPC) announced today that it has completed its previously announced acquisition of Jack Black, L.L.C., a leading U.S. based luxury men’s skincare products company.  Terms of the transaction were not disclosed.  The acquisition was funded from operating cash and is expected to be EPS neutral in fiscal 2018. About Edgewell Personal Care Edgewell is a leading pure-play consumer products company with an attractive, diversified portfolio of established brand […]

RELEASE: Express Scripts announces 2017 fourth quarter and full year results

ST. LOUIS /PRNewswire/ — Express Scripts Holding Company (Nasdaq: ESRX) announced consolidated 2017 fourth quarter and full year net income of $2,327.6 million and $4,517.4 million, respectively, or $4.10 and $7.74 per diluted share, respectively. Consolidated 2017 fourth quarter and full year adjusted earnings per diluted share were $2.16 and $7.10, respectively.* “Throughout 2017, Express Scripts kept our patients and clients ahead of the curve by providing best-in-class solutions.  These solutions limited prescription drug spending growth […]