Thursday, July 24 2014 2:35 AM EDT2014-07-24 06:35:51 GMT
The U.S. Supreme Court cleared the way for Arizona to carry out its third execution in the past year Wednesday following a closely watched First Amendment fight over the secrecy surrounding lethal injection drugs.More >>
A condemned Arizona inmate gasped for more than an hour and a half during his execution Wednesday before he died in an episode sure to add to the scrutiny surrounding the death penalty in the U.S.More >>
Thursday, July 24 2014 12:52 AM EDT2014-07-24 04:52:54 GMT
Dozens of Palestinian families trapped by clashes between Hamas militants and Israeli troops are scrambling to flee a southern Gaza Strip neighborhood as Israel reported that two more of its soldiers have died in...More >>
The United States announced signs of progress in cease-fire talks Wednesday, but prospects for a quick end to the fighting were dim as Palestinian families fled fierce battles in southern Gaza and the death toll rose to...More >>
Thursday, July 24 2014 12:37 AM EDT2014-07-24 04:37:16 GMT
Scam artists are targeting customers of the Central Alabama Electric Cooperative, or CAEC, according to company officials.CAEC is issuing an alert to its members, as well as the general public, to be awareMore >>
The phone rings and the caller demands payment and threatens to shut off your power if you don't hand over bank or credit card information. Central Alabama Electric Cooperative and other Alabama co-ops are having it happen to customers and they don't want others to fall prey to con artists. More >>
SUMMIT, IL / ACCESSWIRE / May 13, 2014 / Terme Bancorp (OTC: TMEB), a holding company specializing in money services and consumer behavior initiatives, today announced that it has entered an agreement to acquire 9.99% of Silvercreek Finance Corp., a Chicago-based mortgage banker that offers mortgage lending, banking and brokerage as well as commercial finance services.
The Company’s wholly owned subsidiary, Terme Mortgage, Inc., will now conduct business as a branch of Silvercreek Finance, which provides efficient financial solutions to consumers looking to purchase new property or refinance their existing mortgage loans. The company specializes in serving the area’s Hispanic community and is rated one of the top mortgage companies in Chicago for quick pre-approvals and fast closing turn times by its real estate partners.
Silvercreek Finance provides competitive rates and fees, including its OnTheHouse™ and other specialty programs that offer a true no-closing cost transaction to qualified borrowers looking to refinance their existing home mortgage loan. The company funds real estate transactions of all types and sizes as a mortgage banker and has access to direct lending platforms, in-house underwriting and risk management solutions.
Terme Bancorp’s CEO, John G. Yedinak, stated, “Silvercreek Finance is a successful mortgage banking operation that shares the same mission as Terme which is to generate significant revenues while providing economic inclusion to a rapidly growing market of consumers that are denied mainstream banking and other financial services. We expect to quickly increase revenues from our mortgage division, which will now do business as and have access to Silvercreek’s superior lending, banking and brokerage services and programs.”
About Terme Bancorp.
Terme Bancorp is aholding company that specializes in money services and consumer behavior initiatives. The Company currently has three subsidiary companies, Terme Capital, Inc., Terme Mortgage, Inc. dba Silvercreek Finance Corp. and Terme Medical Ventures, Inc. For more information please visit: http://www.termebancorp.com/.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.