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13 Banks Power First Phase of Clearinghouse CDFI’s Recapitalization

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$18 Million in Investments Represents the Largest Single Equity Raise in the History of the Company

LAKE FOREST, Calif., Dec. 19, 2024 /PRNewswire-PRWeb/ — Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today its largest single equity raise—more than $18 million in new capital investments from 13 different banks—the first phase of a recapitalization of the company. One of the largest and most successful CDFIs in the United States, Clearinghouse CDFI will leverage these new investments to significantly increase its mission-driven lending and community impact in the years ahead.

“We deeply appreciate the strong leadership and unwavering commitment of these 13 banks in championing the next phase of Clearinghouse CDFI’s journey,” said Douglas J. Bystry, President and CEO of Clearinghouse CDFI.

The $18 million in new investments includes $3 million investments each from EverBank and Huntington Bank, $2 million from Farmers & Merchants Bank, a $1.8 million investment from Enterprise Bank & Trust, and $1 million investments from Carrollton Bank, Santa Cruz County Bank, Nano Banc, SMBC Manubank, Commercial Bank of California, East West Bank, and U.S. Bank. Additional investors include American Business Bank and Cathay Bank.

“We deeply appreciate the strong leadership and unwavering commitment of these 13 banks in championing the next phase of Clearinghouse CDFI’s journey,” said Douglas J. Bystry, President and CEO of Clearinghouse CDFI. “As a national CDFI, we will have access to more capital to significantly increase our lending and maximize impact while continuing to help vulnerable communities nationwide.”

Since its founding in 1996, Clearinghouse CDFI has funded $2.5 billion in total loans for 2,670 community projects over the past 28 years. These projects have created or retained more than 43,800 jobs and benefit over 4.8 million individuals. Clearinghouse CDFI loans have also created 13,060 affordable housing units since inception. At present, the company holds over $750 million in assets with 24 consecutive years of profitability.

About Clearinghouse Community Development Financial Institution (Clearinghouse CDFI)
Clearinghouse CDFI addresses unmet credit needs throughout the U.S. and in Indian Country through direct lending, equity investments, and financial assistance. Since 1996, Clearinghouse CDFI has helped bridge the gap between conventional lending standards and the needs of low-income, distressed, and communities of color. Clearinghouse CDFI is also a B Corp—a certification received from the nonprofit B Lab. B Corps are companies who meet rigorous standards of social and environmental performance, transparency, and accountability, and use business as a force for good. More information is available at http://www.ccdfi.com.

Media Contact

A. Smith, Clearinghouse CDFI, 949-528-3287, news@ccdfi.com, www.ccdfi.com

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SOURCE Clearinghouse CDFI

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Cavallo Caps 2024 with Order Intelligence Launch and Expanded ERP Capabilities, Sets its Sights for 2025

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GRAND RAPIDS, Mich., Dec. 19, 2024 /PRNewswire/ — Cavallo, a leader in AI-driven Order Intelligence solutions, recapped a successful 2024 as it celebrates a year of groundbreaking innovation that helps customers maximize profits. In July, the company launched its Order Intelligence platform, which transforms order management into a strategic advantage, with dramatic improvements in accuracy, efficiency, and order-level profitability. Cavallo also broadened its ERP reach through integrations with Microsoft Dynamics 365 F&O and Acumatica and reinforced its commitment to customers using Microsoft Dynamics GP by enhancing its SalesPad solution.

“2024 was a big year for us,” said Mike Biwer, CEO of Cavallo. “We launched Order Intelligence, expanded ERP integrations, and stayed laser-focused on driving efficiency and profitability for our customers. Looking ahead to 2025, we’re excited to deliver deeper AI-driven insights, expanded ERP support, and innovative tools to maximize customer profits.”

Order Intelligence helps distributors, manufacturers, and product-centric brands address the growing complexity of order management and the need to understand customers better. Leveraging AI and data insights, Cavallo customers quickly streamline workflows, reduce manual errors, and deliver flawless orders. Every day, Cavallo aligns its strategy and teams to the principle of “Flawless Orders = Max Profits” and a focus on enhancing how businesses optimize profits at the line level.

During 2024, Cavallo’s commitment to its “People First” core value resulted in direct community support with more than 100 volunteer hours dedicated to nearly 10 West Michigan non-profit organizations. The company also received industry recognition for excellence, being honored as a ‘2024 Top Tech Startup’ by Food Logistics and Supply & Demand Chain Executive and recognized as a ‘Top Software & Tech’ company by Supply & Demand Chain Executives.

For 2025, Cavallo is excited to announce the return of ELAVATE’25. The user conference will return to Grand Rapids, Michigan, in August, bringing customers, partners and industry experts together to share ideas and best practices. Cavallo’s Order Intelligence plans include expanding into four additional ERP systems and introducing new AI-powered customer insights. The company’s SalesPad platform will also continue to see advancements, with inventory management improvements, improved support for eCommerce, and a soon-to-be-announced cloud migration capability.

About Cavallo

Cavallo is a leading innovator in Order Intelligence. Its AI-powered Order Intelligence Platform empowers distributors, manufacturers, and product-centric brands to unlock hidden profit potential within high-volume orders. For more information about Cavallo, please visit www.cavallo.com.

Media Contact:
Jacob Harvey
Catapult PR
jharvey@catapultpr-ir.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/cavallo-caps-2024-with-order-intelligence-launch-and-expanded-erp-capabilities-sets-its-sights-for-2025-302335279.html

SOURCE Cavallo

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CasinoTopsOnline.com launches TopsRank, a new transparent rating system for online casinos

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CasinoTopsOnline.com introduces TopsRank, a new transparent rating system for online casinos.

ST. JULIAN’S, Malta, Dec. 19, 2024 /PRNewswire/ — CasinoTopsOnline, an industry-leading iGaming affiliate website, has officially launched its brand-new and innovative ranking system, TopsRank. This new system has been designed to offer players a clear, comprehensive and localised overview of online casinos, ensuring complete transparency in each review.

TopsRank assigns scores out of 10 based on seven key factors: Bonuses, Games, Safety, Design, Payments, Partnerships, and General Experience. A team composed of professional gamblers, payment experts, compliance consultants, and statisticians closely examines each of these sections to ensure precise, fair, and reliable ratings. The Partnerships area highlights how CasinoTopsOnline’s collaboration with an operator affects its rating.

“Players deserve transparency. For too long, casino ratings have been a black box that leave people guessing. TopsRank changes that,” says Jonas Warrer, CEO of Gentoo Media, the company behind CasinoTopsOnline. “We’ve broken everything down so players can see exactly why a casino is ranked the way it is.”

This new system is shaped not just by expert analysis but also by genuine player feedback. Key factors like ‘Bonuses’ are given the most weight based on user preferences, while elements like ‘General’ (which includes UI and on-site languages) are weighted less. Users can also rate casinos themselves with a simple ‘thumbs up’ or ‘thumbs down’ feature, which is publicly displayed for the community, ensuring that each review is accountable to players.

“Gambling should be fun, but choosing where to play shouldn’t be a gamble,” Jonas adds. “With TopsRank, players can now find the best casinos based on the criteria that matters most to them.”

You can read more about the latest ranking innovation from CasinoTopsOnline on the TopsRank page of their website. For any queries please contact the Head of Content at rui.costa@g2m.com.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/casinotopsonline/r/casinotopsonline-com-introduces-topsrank–a-new-transparent-rating-system-for-online-casinos,c4084979

 

View original content:https://www.prnewswire.co.uk/news-releases/casinotopsonlinecom-launches-topsrank-a-new-transparent-rating-system-for-online-casinos-302336230.html

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FLACK GLOBAL METALS EXECUTES FIRST BUSHELING FUTURES CONTRACT

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SCOTTSDALE, Ariz., Dec. 19, 2024 /PRNewswire/ — Flack Global Metals (FGM), a vertically integrated industrial business platform transforming the steel supply chain, announced today its role as a counterparty to the first Busheling Ferrous Scrap Futures contract tied to the Chicago No. 1 Busheling Ferrous Scrap (Fastmarkets) index. The contract was listed and cleared Monday on the Chicago Mercantile Exchange (CME Group), the world’s largest derivatives marketplace.

Flack Global Metals announced today its role as a counterparty to the first Busheling Ferrous Scrap Futures contract.

This contract marks the first use of Fastmarkets’ Chicago No. 1 Busheling price as a benchmark for recycled ferrous scrap—a critical input for new steel production, contributing to over half of U.S. steel output. It introduces a new financial tool to help manage price volatility in the scrap market, and allow for better alignment with the realities of the physical Busheling market. This new contract is expected to materially increase the liquidity in the scrap market, allowing market participants to better manage the risks of a greater portion of the steel supply chain.

This trade comes on the heels of FGM’s recent involvement in the first European hot rolled steel options trade, reinforcing FGM’s position as an innovator in employing sophisticated risk management and hedging techniques.

“We are proud to retain first mover advantage as we continue to fill a gap in providing robust risk management tools to the steel industry,” said Brad Clark, Vice President of Capital Markets and Metal Trading at Flack Capital Markets. Flack Capital Markets is a division of FGM that boasts the most sophisticated capital markets desk in the ferrous metals space.

About Flack Global Metals
Flack Global Metals (FGM) is a vertically integrated industrial business platform specializing in the construction products industry. FGM buys, sells, manufactures, trades and invests in flat-rolled steel goods. Its four distinct divisions work together to integrate and de-risk the steel supply chain, from raw steel to finished products. By leveraging proprietary hedging strategies and market intelligence, FGM effectively manages price volatility, delivering comprehensive solutions to its customers. Headquartered in Scottsdale, Arizona, FGM serves a global market with offices in Atlanta, Chicago, Cleveland, London, and Lugano.

Media Contact
Haley Rowland, FGM
Director of Marketing & Communications
678-995-4156
hrowland@flackglobalmetals.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/flack-global-metals-executes-first-busheling-futures-contract-302335873.html

SOURCE Flack Global Metals

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