Month: April 2023

Originally published on Illumina News Center

The Nasdaq closing bell in New York City signifies the end of a full day of trading on the stock market, a day of transactions made to benefit shareholders and companies, and propel business forward. Fittingly, Illumina representatives rang the closing bell on March 30, the day before the company completed its first 25 years in business.

In attendance were Illumina Chief Commercial Officer Susan Tousi, Chief Marketing Officer Kathryne Reeves, Chief People Officer Aimee Hoyt, and Head of Region for the Americas Nicki Berry. Joining these executives at the Nasdaq MarketSite in Times Square were Illumina employees—including some who have 25 years of service—and select customers.

Tousi rang the bell and spoke about the many genomic milestones and scientific achievements Illumina has made in the last quarter century, such as its ability to sequence 20,000 human genomes with one instrument in a single year.

“The more than 9,500 researchers and clinicians we serve are using these incredible advances in science to transform human health in ways that were unimaginable 25 years ago,” she said. “Like diagnosing rare disease in a matter of days. Or catching the deadliest cancers at Stage 1 or Stage 0… or using genetics to fight climate change.”

She concluded: “This is the Genome Era. And our employees, our customers, and our partners are leading it. Together, we’re going to unlock the potential and the power of the genome to improve human health. And that is reason to celebrate!”

To read about the 25 greatest impacts in Illumina’s 25 years of innovation, click here.

Originally published in Essence Magazine

By Jasmine Browley 

Growing up, many of us were taught that hard work would beget great fortune. That being a good steward would lay the groundwork for a beautiful life. Teresa White is a living example of that formula and after more than 20 years, she’s reaping the fruits of her labor.

A labor of love to be exact.

She’s the first woman and first African-American to serve as president of Aflac U.S., the supplemental insurance firm worth nearly $40 billion.

She’d first joined the company in 1998 as a vice president leading payroll administration, policyholder administration, and overseeing new business operations. By the end of her tenure, left an imprint that led to 65 percent of Aflac’s 5,700 employees being women, and nearly 50 percent people of color. 

Continue reading the full article here

CLEVELAND, April 06, 2023 /3BL Media/ – KeyBank Community Development Lending and Investment (CDLI) KeyBank provided $83 million for the acquisition and rehabilitation of Woodway Square Apartments (Woodway), a 240-unit, affordable, family project located in Austin, Texas.

Construction financing is being arranged by KeyBank’s CDLI group with an equity bridge loan of approximately $18.2 million, a $40 million private placement construction to permanent loan provided and Low-Income Housing Tax Credit (LIHTC) equity of $24 million.

The sponsor/developer Dominium is a prolific affordable housing developer, with headquarters in Plymouth, Minnesota and regional offices in Atlanta, Dallas, Minneapolis, and Phoenix.

Woodway is a 240-unit, garden-style community for individuals and families earning no more than 60% of the area median income. The property includes twelve-buildings with 60 one-bedroom units, 138 two-bedroom units, and 42 three-bedroom units. The affordable community includes on-site management, a community room, playground, and swimming pool. The property will undergo a rehabilitation with a total project cost of $72 million.

The project received local support and engagement through the Section 811 Project Rental Assistance (PRA) program which provides project-based rental assistance for low-income persons with disabilities linked with long term services. The program is made possible through a partnership between the State Agency and the Texas Health and Human Services Commission (HHSC) and creates the opportunity for persons with disabilities to live as independently as possible.

Anna Belanger of KCDC and Kelly Frank of CDLI structured the financing.

About KeyBank Community Development Lending and Investment 
KeyBank Community Development Lending and Investment (CDLI) finances projects that stabilize and revitalize communities across all 50 states. As one of the top affordable housing capital providers in the country, KeyBank’s platform brings together construction, acquisition, bridge-to-re-syndication, and preservation loans, as well as lines of credit, Agency and HUD permanent mortgage executions, and equity investments for low-income housing projects, especially Low Income Housing Tax Credit (LIHTC) financing. KeyBank has earned 10 consecutive “Outstanding” ratings on the Community Reinvestment Act exam, from the Office of the Comptroller of the Currency, making it the first U.S. national bank among the 25 largest to do so since the Act’s passage in 1977.

About KeyCorp 
KeyCorp’s roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $189.8 billion at December 31, 2022. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,300 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.

Over 764,000 high school students have taken Fifth Third Bank’s financial education and entrepreneurship courses over the past five years. Powered by EverFi, Fifth Third Bank Finance Academy®’s digital courses are designed to empower students with the skills to make financial decisions that lead to successful lives with courses covering baking basics, budgeting, credit scores and reports, insurance and business plans. Students completed over 1.7 million hours of learning.

Since 2017, Fifth Third Bank Finance Academy® leaders have played a significant role by driving education and engagement with students in over 250 virtual and in-person events through a long-standing scholarship program, which has delivered over $350,000 in scholarship wards funded.

Fifth Third Bank Finance Academy® is one of the Fifth Third Bank L.I.F.E. (Lives Improved through Financial Empowerment®) programs offered at no charge to people at every age and stage of life. Other signature programs include the Fifth Third Bank Young Bankers Club® and the Fifth Third Financial Empowerment Mobile, or eBus,