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HAMILTON, Bermuda, April 7, 2021 /PRNewswire/ Textainer Group Holdings Limited (NYSE:TGH; JSE: TXT) ( Textainer , we , and our ), one of the world s largest lessors of intermodal containers, today announced the pricing of its public offering of 6,000,000 depositary shares, each representing a 1/1,000th interest in a share of its 7.00% Series A Cumulative Redeemable Perpetual Preference Shares, par value $0.01 per share and $25,000 liquidation preference per share (equivalent to $25.00 per depositary share), for an aggregate public offering price of $150,000,000. The offering is expected to close on April 13, 2021, subject to satisfaction of customary closing conditions. Textainer intends to list the depositary shares on the New York Stock Exchange ( NYSE ) under the ticker symbol TGH PRA .
Textainer Announces Pricing of 6,000,000 Depositary Shares Representing an Interest in Series A Preference Shares
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HAMILTON, Bermuda, April 7, 2021 /PRNewswire/ Textainer Group Holdings Limited (NYSE:TGH; JSE: TXT) ( Textainer , we , and our ), one of the world s largest lessors of intermodal containers, today announced the pricing of its public offering of 6,000,000 depositary shares, each representing a 1/1,000th interest in a share of its 7.00% Series A Cumulative Redeemable Perpetual Preference Shares, par value $0.01 per share and $25,000 liquidation preference per share (equivalent to $25.00 per depositary share), for an aggregate public offering price of $150,000,000. The offering is expected to close on April 13, 2021, subject to satisfaction of customary closing conditions. Textainer intends to list the depositary shares on the New York Stock Exchange ( NYSE ) under the ticker symbol TGH PRA .
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LOS ANGELES, April 01, 2021 (GLOBE NEWSWIRE) PacWest Bancorp (NASDAQ:PACW) ( PacWest ) announced today that its wholly-owned banking subsidiary, Pacific Western Bank (the Bank ), has entered into a definitive agreement to acquire MUFG Union Bank, N.A. s ( Union Bank ) Homeowners Association ( HOA ) Services Division. The HOA Services Division provides a full range of banking services to community management companies and their homeowners associations. This acquisition will significantly expand the Bank s existing HOA banking practice, which provides lockbox, electronic receivables processing and other financial services to HOA management companies.
The Bank will acquire certain assets and assume certain liabilities related to Union Bank s HOA Services Division for a premium of 5.9% on deposits plus the net book values of certain assumed assets and liabilities for cash consideration of approximately $250 million. The final consideration will be based on balances at closi
Northwest Bank Announces Agreement to Sell Its Insurance Business to USI Insurance Services
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WARREN, Pa. and VALHALLA, N.Y., April 1, 2021 /PRNewswire/ Northwest Bank, a subsidiary of Northwest Bancshares, Inc. (NASDAQ: NWBI), today announced that it has entered into a definitive agreement to sell its insurance business offered through Northwest Insurance Services to USI Insurance Services ( USI ).
Northwest Insurance Services is a wholly-owned subsidiary of Northwest Bank, offering property and casualty, life, disability and long-term care insurance, as well as group health, life and disability employee benefits.
USI is one of the largest insurance brokerage and consulting firms in the world, delivering property and casualty, employee benefits, personal risk, program and retirement solutions to large risk management clients, middle market companies, smaller firms and individuals. USI connects over 8,000 industry-leading profession