BOSTON--(BUSINESS WIRE)--Eastern Bank is pleased to welcome Jarrad Herzog as a Senior Vice President, Asset-Based Lending Relationship Manager. Mr. Herzog brings more than a decade of experience financing middle market companies through a variety of lending solutions, including Commercial & Industrial and Asset- Based Lending. "Jarrad is experienced in structuring a range of commercial lending options and excels in identifying the preferable solution to meet a company's needs, and we are exc. ...

Core Viewpoint - Eastern International Ltd. has successfully completed two significant offshore wind farm projects in Jiangsu, showcasing its capabilities in managing complex logistics for renewable energy infrastructure [1][2]. Group 1: Project Completion - The company completed the Jiangsu Yancheng Three Gorges Fenghai Dafeng Offshore Wind Farm Project and Jiangsu Guoxin Dafeng Offshore Wind Farm Project, with a total installed capacity exceeding 1.6 million kilowatts [1]. - The total contract value for these two projects is more than RMB 49 million (approximately US$7.07 million) [1]. Group 2: New Contracts - Suzhou TC-Link, a wholly owned subsidiary of Eastern International, secured a large-scale offshore transportation contract with Guangdong Goldwind for the "Yangjiang Project," which includes road transportation, loading and unloading at port, sea transportation, and related services [2]. - The contract also involves road modifications for oversize and overweight cargos, indicating the complexity of the logistics required for the project [2]. Group 3: Industry Insights - The COO of Eastern International emphasized the importance of offshore wind power in clean energy development, highlighting the logistical challenges due to the oversized dimensions and excessive weight of wind power equipment [3]. - The collaboration with Guangdong Goldwind is seen as a strategic integration of manufacturing and logistics capabilities, enhancing efficiency in offshore wind power project logistics [3]. Group 4: Company Overview - Eastern International Ltd. is a holding company incorporated in the Cayman Islands, providing domestic and cross-border professional logistic and construction services [4]. - The company operates through its subsidiaries, including Suzhou TC-Link, and has a network covering key cities in mainland China, Hong Kong, Southeast Asia, and Central Asia [4].

Core Insights - Eastern Bank has announced Owen Security Solutions, Inc. as a new commercial banking customer, providing comprehensive banking solutions to support Owen Security's growth initiatives and ongoing operations [1][2]. Company Overview - Owen Security Solutions, founded in 1973, specializes in security alarm, fire protection, and smart video monitoring solutions for various customer segments including residential, commercial, industrial, government, and small businesses [1]. - Eastern Bank, established in 1818, is the leading local bank in Greater Boston with approximately 110 branch locations and $25.5 billion in assets as of September 30, 2025 [5]. Banking Solutions - Eastern Bank is offering Owen Security a comprehensive banking solution that includes working capital for growth initiatives, a revolving line of credit, and a full suite of cash management services [1]. - The bank provides a range of commercial financing options such as working capital/lines of credit, equipment/term loans, real estate loans, acquisition financing, asset-based lending, franchise lending, and employee stock ownership plan-related financing [3]. Team Involved - The Commercial Banking team advising Owen Security includes Greg Buscone (Executive Vice President, Chief Commercial Banking Officer), Brendan O'Neill (Senior Vice President and Commercial Group Director), Matthew Hunt (Senior Vice President and Team Leader), and Isis Ortiz-Belton (Vice President and Portfolio Manager) [4].

Core Insights - Silver Grail Resources Ltd. has reported assay results from its 2025 diamond drill program on the Ram Property, confirming the presence of a significant mineralized system associated with two magnetic anomalies [1][2] Drill Program Overview - The drill program consisted of 1,978 meters of NQ-diameter core drilling across seven drill holes, targeting two unexplained magnetic anomalies located approximately 625 meters apart [1] - The Ram Property is situated about 7 kilometers southwest of the Red Mountain gold-silver deposit in British Columbia's Golden Triangle [1] Assay Results - Assay results revealed elevated values of gold, copper, and molybdenum, with gold grades ranging from nil to 3.64 grams per tonne, copper from nil to 3,294 parts per million, and molybdenum from nil to 489 parts per million [2][3] - The Eastern Magnetic Anomaly is confirmed to be associated with a copper-molybdenum-gold porphyry system, characterized by broad zones of continuous copper mineralization [2][3] Notable Drill Highlights - Significant intersections include: - 91.00 meters grading 303 ppm Cu from RAM25-002 [3] - 152.00 meters grading 292 ppm Cu from RAM25-002 [3] - 34.00 meters grading 424 ppm Cu from RAM25-001 [9] - 1.00 meter grading 3.64 g/t Au from RAM25-004 [10] - The Western Magnetic Anomaly showed localized higher-grade vein intersections, indicating a potentially related broader mineralizing system [2][3] Geological Interpretation - The Eastern Magnetic Anomaly is characterized by long, continuous intervals of copper mineralization within an altered magnetite-bearing multiphase intrusive complex [3][5] - Elevated molybdenum values, locally exceeding 100 ppm, support the interpretation of a fertile porphyry environment [6][7] Future Exploration Plans - The company will continue to evaluate the results from the 2025 program to guide future exploration and drill targeting at the Ram Property [11]

Core Insights - Daiichi Sankyo and GENESIS Pharma have entered into an exclusive agreement for the commercialization of VANFLYTA® in Central and Eastern Europe [1] Company Overview - The agreement allows GENESIS Pharma to market and distribute VANFLYTA® in specified regions, enhancing its portfolio in the oncology sector [1] - This collaboration is expected to leverage GENESIS Pharma's local expertise and Daiichi Sankyo's innovative product offerings [1] Market Implications - The partnership aims to address the growing demand for effective cancer treatments in Central and Eastern Europe [1] - This move is part of Daiichi Sankyo's strategy to expand its market presence in Europe, particularly in regions with increasing healthcare needs [1]

Earnings Release - The earnings release is scheduled for Thursday, January 22, 2026, after the market close [1] - A conference call will take place on Friday, January 23, 2026, at 9:00 AM Eastern Time [1] Conference Call Details - Participants can join the conference call by dialing the toll-free number (800) 549-8228 with Conference ID 51296 [1] - The conference call will be simultaneously webcast on the Company's Investor Relations website [1] - A replay of the webcast will be available on demand on the same site [1]

Core Insights - HoldCo Asset Management has increased its stake in Eastern Bankshares by acquiring 1.2 million shares, raising its total investment to $116.32 million, making it the fund's fourth-largest equity holding [2][6] - Eastern Bankshares has shown strong financial performance with a net income of $106.1 million for the latest quarter, reflecting a 6% increase year-over-year, and steady loan growth of 1.3% quarter-over-quarter [8] Company Overview - Eastern Bankshares is a regional financial institution with a market capitalization of $4.15 billion and a revenue of $651.22 million over the trailing twelve months (TTM) [4][5] - The company offers a diverse range of services including traditional banking, insurance, and wealth management, primarily serving retail customers, small businesses, and commercial clients in eastern Massachusetts and southern New Hampshire [5][7] Financial Performance - The stock price of Eastern Bankshares is currently $18.43, which is up approximately 7% over the past year, although it has underperformed compared to the S&P 500, which is up about 16% [3] - Wealth management assets have reached a record high of $9.2 billion, indicating strong growth in this segment [8] Investment Context - The increase in HoldCo's investment during a period of earnings momentum suggests confidence in Eastern Bankshares' fundamentals, which are expected to perform well despite sector volatility [6][8] - The portfolio of HoldCo Asset Management is heavily weighted towards regional banks, indicating a thematic investment strategy focused on the potential for value compounding in select banks [8]

Core Viewpoint - Mercantile Bank Corporation has successfully completed its merger with Eastern Michigan Financial Corporation, enhancing its ability to serve Michigan's communities and businesses [1][3]. Group 1: Merger Details - The merger will see Eastern Michigan Bank operate alongside Mercantile Bank until the first quarter of 2027, after which a consolidation is planned, pending regulatory approvals [2]. - Eastern shareholders will receive $32.32 per share and 0.7116 shares of Mercantile common stock for each share of Eastern common stock [3]. Group 2: Company Overview - Mercantile Bank Corporation, based in Grand Rapids, Michigan, now includes Eastern Michigan Bank, creating one of the largest Michigan-based banking organizations with total combined assets of approximately $6.9 billion [4]. - The combined institutions aim to provide personalized financial products and services, emphasizing exceptional service and community commitment [4].

Core Viewpoint - Electric Metals (USA) Limited has successfully transitioned from a British Columbia corporation to a Delaware-domiciled U.S. corporation, enhancing its operational framework under the Delaware General Corporation Law [1] Group 1 - The company has completed its previously announced continuance, which is a significant corporate restructuring move [1] - The registered office of Electric Metals is now located in Wilmington, Delaware, reflecting its new corporate status [1]

Core Viewpoint - Eastern International Ltd. has made significant progress in expanding its business into the new energy sector by entering a construction contract for a photovoltaic power generation project [1][3]. Group 1: Contract Details - Guizhou Tianrun, a wholly-owned subsidiary of Eastern International, has signed a construction contract with the Weifang Branch of CSCEC Southwest Architecture & Design Institute for the Hebei Laiyuan 300 MW Centralized Photovoltaic Power Generation Project [1][2]. - The contract involves Guizhou Tianrun acting as a subcontractor for Phase I, which is a 50 MW project, with a total contract value of RMB 42.5 million (approximately US$ 6.04 million) [2]. - The scope of work includes foundation works, installation of photovoltaic mounting structures, module installation, wiring, and supply of auxiliary materials, with construction expected to start before December 31, 2025 [2]. Group 2: Business Expansion and Strategy - The commencement of this project marks a key milestone in the company's strategy to engage in large-scale clean energy projects, reflecting its commitment to supporting the green transformation of the regional energy structure [3]. - The company aims to leverage its professional engineering and construction team to ensure high-quality and timely delivery of services in the new energy sector [3]. Group 3: Company Overview - Eastern International Ltd. is a holding company incorporated in the Cayman Islands, providing domestic and cross-border professional logistic services through its subsidiaries [4]. - The company operates a network that includes 7 wholly-owned subsidiaries, 5 warehouses/logistic centers, and 3 branch offices across key cities in mainland China, Hong Kong, Southeast Asia, and Central Asia [4].