Exchange Bank declares $1.35 quarterly dividend, CEO to retire

After two defaults, New York-based Columbia Property Trust has struck a deal with its lenders to restructure approximately $1.8B of debt backing a seven-building portfolio. The June agreement will modify the debt, which is secured by buildings in San Francisco, Boston, New York and Jersey City, New Jersey, the San Francisco Business Times reported. It places…

Payment security specialist Verifone has been awarded a U.S. patent for a new method that enables payment terminals to independently identify physical interference, including sophisticated card-skimming devices that remain hidden from ordinary observation. Announced on July 23, 2026, the innovation—known as Wireless Tamper Detection and covered by US Patent No. 12,664,553—strengthens the company’s extensive intellectual…

The 2.25-mile elevated, driverless train system known as SkyLink has faced multiple setbacks.Los Angeles World Airports The Los Angeles International Airport’s automated people mover project, known as SkyLink, which was slated to open in January, appears to be delayed again, which could have financial implications that could spell its doom. Processing Content Fitch Ratings downgraded…

A New Jersey developer is suing its lender, alleging the firm strung it along with promises of a HUD refinancing while an affiliate positioned itself to take a $100 million Newark apartment tower for a fraction of its value. Tona Construction and Management filed an adversary complaint against Bravo Capital and its affiliate BPT 50S…

On written policies, 8 percent of firms had none at all, and 55 percent had policies that could be improved. Training was a weaker spot. Twenty-one percent of firms provided no cybersecurity training to employees. Among those that did train staff, another 21 percent could have made the training more comprehensive, and 16 percent kept…