Month: August 2022

According to the overwhelming majority of business executives, they are preparing for a recession a new survey. Nearly all 70 business leaders surveyed by Stifel Financial believe the U.S. economy is already in a recession (18 percent) or will face one in the next 18 months (79 percent). Only 3% believe it will be completely avoided. “We’ve heard that constantly,” said Michael Kollender, head of diversified consumer, retail and industrials investment banking at Stifel. “They think we’re in a recession or going into one very soon,” Kollender told Yahoo Finance Live. The study also found that inflation and a tight…

Dustin Thomas will step in as the new chief financial officer, MU Health Care announced Thursday. Thomas will begin his new role on Sept. 15, MU Health Care said. Dustin Thomas Courtesy of MU Health Care Thomas currently serves as the Health System’s Director of Analytics and Chief Financial Officer at the University of Texas Medical Branch. Nim Chinniah, MU Health Care interim chief executive officer and vice chancellor for health affairs, said Thomas is a strong financial leader. “He will be an outstanding addition to our executive team and joins a group of talented and committed leaders,” Chinniah said….

SCOTTSDALE, Arizona–(BUSINESS THREAD)–Redwood Investment Managementan institutional investment management firm that works exclusively with financial advisors to deliver RiskFirst® solutions, will expand the scope and reach of these solutions with From the merchant association Redwood pioneered the RiskFirst® investment philosophy and process that enables financial advisors to deliver better results for clients. Rooted in the understanding that client success begins with appropriate and achievable expectations based on the manageable variable of “risk,” Redwood offers advisors a comprehensive, turnkey solution set. These solutions have helped Redwood evolve into a diversified financial services firm that manages $2.4 billion in assets, serving a robust…

Tate Hackert spent most of his teenage years working on fishing boats in Vancouver, Canada, scraping away the surprisingly impressive income he made from his savings. By the time she was 16, she had already saved enough money to take out a second mortgage for a friend who needed one, but she didn’t have the means to get one. Hackert quickly realized that he was able to help more people who had fallen on hard times, so he did. Between the ages of 16 and 23, he lent out approximately $300,000 in short-term and dollar loans to customers he found…

BLOOMINGTON, Ill., Aug. 18, 2022 (GLOBE NEWSWIRE) — HBT Financial, Inc. (NASDAQ: HBT) (the “Company”), the holding company of Heartland Bank and Trust Company (“Heartland Bank”), today announced that Matthew J. Doherty, Executive Vice President and Chief Financial Officer, will step down as Chief Financial Officer on December 31, 2022, but will remain with Heartland Bank as Treasurer as a step in the eventual retirement of Mr. Doherty of the Company. Peter Chapman, formerly Executive Vice President and Chief Financial Officer of Great Western Bancorp, Inc. (“Great Western”), will join the company on October 1, 2022, after relocating to the…