Category: Americas

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Colombier Acquisition Corp. II (NYSE: CLBR)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Colombier Acquisition Corp. II (NYSE: CLBR) related to its merger with Metroplex Trading Company (“GrabAGun”). The proposed transaction is valued at $150 million with the current equity holders of GrabAGun receiving $100 million of stock in the combined company and $50 million of cash. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/colombier-acquisition-corp-ii/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Colombier Acquisition Corp. II (NYSE: CLBR)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Colombier Acquisition Corp. II (NYSE: CLBR) related to its merger with Metroplex Trading Company (“GrabAGun”). The proposed transaction is valued at $150 million with the current equity holders of GrabAGun receiving $100 million of stock in the combined company and $50 million of cash. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/colombier-acquisition-corp-ii/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of iTeos Therapeutics, Inc. (NASDAQ: ITOS)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating iTeos Therapeutics, Inc. (NASDAQ: ITOS) related to its sale to Concentra Biosciences, LLC. Under the terms of the proposed transaction, Concentra will acquire iTeos for $10.047 in cash per share, plus one non-transferable contingent value right, representing the right to receive: (i) 100% of the closing net cash of iTeos in excess of $475 million; and (ii) 80% of any net proceeds received from any disposition of certain iTeos product candidates that occurs within six months following the closing. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/iteos-therapeutics-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court.

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of iTeos Therapeutics, Inc. (NASDAQ: ITOS)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating iTeos Therapeutics, Inc. (NASDAQ: ITOS) related to its sale to Concentra Biosciences, LLC. Under the terms of the proposed transaction, Concentra will acquire iTeos for $10.047 in cash per share, plus one non-transferable contingent value right, representing the right to receive: (i) 100% of the closing net cash of iTeos in excess of $475 million; and (ii) 80% of any net proceeds received from any disposition of certain iTeos product candidates that occurs within six months following the closing. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/iteos-therapeutics-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court.

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of ZimVie Inc. (NASDAQ: ZIMV)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating ZimVie Inc. (NASDAQ: ZIMV) related to its sale to an affiliate of ARCHIMED. Under the terms of the proposed transaction, ZimVie shareholders will receive $19.00 in cash per share. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/zimvie-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of ZimVie Inc. (NASDAQ: ZIMV)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating ZimVie Inc. (NASDAQ: ZIMV) related to its sale to an affiliate of ARCHIMED. Under the terms of the proposed transaction, ZimVie shareholders will receive $19.00 in cash per share. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/zimvie-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI: Skillful Application of Fundamental Principles Yields Standout Results: TrustCo Announces Net Income Up 19.8%; Net Interest Income up 10.5%

    Source: GlobeNewswire (MIL-OSI)

    Executive Snapshot:

    • Bank-wide financial results:
      • Key metrics for the second quarter 2025:
        • Net income of $15.0 million, or $0.79 diluted earnings per share, increased 19.8% compared to $12.6 million, or $0.66 diluted earnings per share for the second quarter 2024
        • Net interest income of $41.7 million, up 10.5% from $37.8 million for the second quarter 2024
        • Net interest margin of 2.71%, up 18 basis points from 2.53% in second quarter of 2024
        • Average loans were up $115.6 million for the second quarter 2025 compared to the second quarter 2024
        • Average deposits were up $173.4 million for the second quarter 2025 compared to the second quarter 2024
    • Capital position and key ratios:
      • Consolidated equity to assets increased to 10.91% as of June 30, 2025 from 10.73% as of June 30, 2024
      • Book value per share as of June 30, 2025 was $36.75, up from $34.46 as of June 30, 2024
      • 169 thousand shares of TrustCo common stock were purchased under the stock repurchase program during the second quarter 2025
    • Trustco Financial Services and Wealth Management income:
      • Fees increased to $1.8 million, or by 13.0%, compared to second quarter 2024
      • Assets under management increased to $1.19 billion, or by 8.2%, compared to second quarter 2024

    GLENVILLE, N.Y., July 21, 2025 (GLOBE NEWSWIRE) — TrustCo Bank Corp NY (TrustCo, NASDAQ: TRST) today announced strong financial results for the second quarter of 2025 underscored by rising net interest income, continued margin expansion, and accelerated loan growth across key portfolios. Net interest income increased 10.5% year over year to $41.7 million, driven by the ongoing repricing of the loan portfolio at higher yields and disciplined management of deposit costs, which remained well-controlled despite sustained competitive pressures. Net interest margin expanded to 2.71% from 2.53% in the prior year period, reflecting improved asset yields and prudent deposit pricing strategies. This resulted in second quarter 2025 net income of $15.0 million or $0.79 diluted earnings per share, compared to net income of $12.6 million or $0.66 diluted earnings per share for the second quarter 2024. Loan growth gained momentum during the quarter, with total average loans increasing $115.6 million or 2.3% for the second quarter 2025 over the same period in 2024. This growth signals increasing borrower confidence and supports the Bank’s strategic focus on high quality relationship lending.        

    Overview

    Chairman, President, and CEO, Robert J. McCormick said “Part of our long-term strategy is having the right mix of products available so that we can sell the right thing, to the right customer, at the right time. It is our ability to do this with agility and skill that has produced the standout results announced today. We saw double digit growth in our return metrics year over year, as return on average assets improved 17%, and return on average equity grew 12.5%. Our margin improved 7% year over year, in tandem with a 12% year over year improvement in adjusted efficiency ratio. Our ability to sell home equity products at a time of high market demand for the flexibility they offer has been key to this success. Home equity credit lines are up 18% year over year. Likewise, we strategically grew commercial loans 11% year over year – which we have done without exposure to risky multi-family loans or other industry-specific concentrations. We lowered non-performing loans to total loans by 7% year over year, and booked a second consecutive quarter of net recoveries. These exceptional results in the first half of 2025 provide a foundation for positive momentum moving into 2026.”

    Details

    As the year continues to progress, we are seeing increased opportunities to deploy our resources effectively. Some efforts include loan originations, targeted investments in technology and digital banking infrastructure, and strategic growth in key markets. Average loans were up $115.6 million, or 2.3%, in the second quarter 2025 over the same period in 2024. Average residential loans and HECLs, our primary lending focus, were up $27.9 million, or 0.6%, and $64.7 million, or 17.8%, respectively, in the second quarter 2025 over the same period in 2024. Average commercial loans also increased $25.8 million, or 9.2%, in the second quarter 2025 over the same period in 2024. We believe that this upward trend reflects improving economic confidence among borrowers, strong credit quality, and the Bank’s focus on relationship lending. The sustained growth in the loan portfolio will likely enhance net interest income in the quarters ahead. Average deposits were up $173.4 million, or 3.3%, for the second quarter 2025 over the same period in 2024, primarily as a result of an increase in time deposits, interest bearing checking accounts, and demand deposits. The Bank’s continued emphasis on relationship banking, combined with competitive product offerings and digital capabilities, has contributed to a stable deposit base that supports ongoing loan growth and expansion.

    During the second quarter of 2025, we remained committed to returning value to shareholders through a disciplined share repurchase program, which reflects our confidence in the long-term strength of the franchise and our focus on capital optimization. TrustCo purchased 169 thousand, or 0.9%, of total shares outstanding of TrustCo common stock under the previously announced stock repurchase program during the second quarter of 2025. Our approach ensures every dollar of capital is working to generate solid returns, strengthen customer relationships, and enhance shareholder value. As of June 30, 2025, our equity to asset ratio was 10.91%, compared to 10.73% as of June 30, 2024. Book value per share as of June 30, 2025 was $36.75, up 6.6% compared to $34.46 a year earlier.

    Net interest income was $41.7 million for the second quarter 2025, an increase of $4.0 million, or 10.5%, compared to the second quarter of 2024, driven by loan growth at higher interest rates, increase in interest on federal funds sold and other short-term investments, and less interest expense on deposit products, partially offset by lower investment interest income. The net interest margin for the second quarter 2025 was 2.71%, up 18 basis points from 2.53% in the second quarter of 2024. The yield on interest earnings assets increased to 4.19% in the second quarter of 2025, up 13 basis points from 4.06% in the second quarter of 2024. The cost of interest bearing liabilities decreased to 1.91% in the second quarter 2025, down from 1.97% in the second quarter 2024. The Bank is well positioned to continue delivering strong net interest income performance even as the Federal Reserve signals a potential easing cycle in the months ahead. Our balance sheet is built for resilience and flexibility, with a favorable asset mix and a stable deposit base that we believe positions us to thrive across interest rate environments. In addition to new loan originations, we are seeing ongoing opportunities to reprice portions of our existing loan book as higher-rate loans replace paydowns and early payoffs, helping us maintain attractive yields. With loan demand accelerating and funding costs stabilizing, we believe there is meaningful upside to net interest income in the coming quarters. Our proactive asset-liability management strategy gives us confidence in sustaining margin strength and driving consistent profitable growth.

    Non-interest income, net of net gains on equity securities, increased to $4.9 million as compared to $4.3 million for the second quarter of 2024. This increase was primarily attributable to wealth management and financial services fees, which increased by 13.0% to $1.8 million, driven by strong client demand and higher assets under management. These revenues represent 37.5% of non-interest income for the second quarter of 2025. The majority of this fee income is recurring, supported by long-term advisory relationships and a growing base of managed assets. Non-interest expense increased $236 thousand over the second quarter of 2024.

    Asset quality remains strong and has been consistent over the past twelve months. The Company recorded a provision for credit losses on loans of $650 thousand in the second quarter of 2025. The ratio of allowance for credit losses on loans to total loans was 0.99% as of both June 30, 2025 and 2024. The allowance for credit losses on loans was $51.3 million as of June 30, 2025, compared to $49.8 million as of June 30, 2024. Nonperforming loans (NPLs) were $17.9 million as of June 30, 2025, compared to $19.2 million as of June 30, 2024. NPLs were 0.35% and 0.38% of total loans as of June 30, 2025 and 2024, respectively. The coverage ratio, or allowance for credit losses on loans to NPLs, was 286.2% as of June 30, 2025, compared to 259.4% as of June 30, 2024. Nonperforming assets (NPAs) were $19.0 million as of June 30, 2025, compared to $21.5 million as of June 30, 2024.  

    A conference call to discuss second quarter 2025 results will be held at 9:00 a.m. Eastern Time on July 22, 2025. Those wishing to participate in the call may dial toll-free for the United States at 1-833-470-1428, and for Canada at 1-833-950-0062, Access code 258501. A replay of the call will be available for thirty days by dialing toll-free for the United States at 1-866-813-9403, Access code 410483.   The call will also be audio webcast at  https://events.q4inc.com/attendee/979003710, and will be available for one year.

    About TrustCo Bank Corp NY

    TrustCo Bank Corp NY is a $6.3 billion savings and loan holding company and through its subsidiary, Trustco Bank, operated 136 offices in New York, New Jersey, Vermont, Massachusetts, and Florida as of June 30, 2025.

    In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services. The common shares of TrustCo are traded on the NASDAQ Global Select Market under the symbol TRST.

    Forward-Looking Statements

    All statements in this news release and the related earnings call that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future development, results or periods. Examples of forward-looking statements include, among others, statements we make regarding our expectations for our future performance, including our expectations regarding the impact of our loan portfolio’s growth, loan demand and funding cost on net interest income, and the anticipated effects of our capital management strategy, including our stock repurchase program. Forward-looking statements are based on management’s current expectations as well as certain assumptions and estimates made by, and information available to, management at the time the statements are made. Such forward-looking statements are subject to factors and uncertainties that could cause actual results to differ materially for TrustCo from the views, beliefs and projections expressed in such statements, and many of the risks and uncertainties are heightened by or may, in the future, be heightened by volatility in financial markets and macroeconomic or geopolitical concerns related to inflation, changes in United States and foreign trade policy, continued elevated interest rates and ongoing armed conflicts (including the Russia/Ukraine conflict and the conflict in Israel and surrounding areas). TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The following important factors, among others, in some cases have affected and in the future could affect TrustCo’s actual results and could cause TrustCo’s actual financial performance to differ materially from that expressed in any forward-looking statement: future changes in interest rates; external economic factors, such as changes in monetary policy, ongoing inflationary pressures and continued elevated prices; exposure to credit risk in our lending activities; the risk of weakness in residential real estate markets; our increasing commercial loan portfolio; the sufficiency of our allowance for credit losses on loans to cover actual loan losses; our ability to meet the cash flow requirements of our depositors or borrowers or meet our operating cash needs to fund corporate expansion and other activities; claims and litigation pertaining to fiduciary responsibility and lender liability; the enforcement of federal cannabis laws and regulations and its impact on our ability to provide services in the cannabis industry; our dependency upon the services of the management team; our disclosure controls and procedures’ ability to prevent or detect errors or acts of fraud; the adequacy of our business continuity and disaster recovery plans; the effectiveness of our risk management framework; the impact of any expansion by us into new lines of business or new products and services; an increase in the prevalence of fraud and other financial crimes; the impact of severe weather events and climate change on us and the communities we serve, including societal responses to climate change; environmental, social and governance risks, as well as diversity, equity, and inclusion-related risks, and their impact on our reputation and relationships; the chance of a prolonged economic downturn, especially one affecting our geographic market area; instability in global economic conditions and geopolitical matters, as well as volatility in financial markets; the soundness of other financial institutions; U.S. government shutdowns, credit rating downgrades, or failure to increase the debt ceiling; fluctuations in the trust wealth management fees we receive as a result of investment performance; the impact of regulatory capital rules on our growth; changes in laws and regulations, including changes in cybersecurity or privacy regulations; restrictions on data collection and use; our compliance with the USA PATRIOT Act, Bank Secrecy Act, and other laws and regulations that could result in material fines or sanctions; changes in tax laws; limitations on our ability to pay dividends; TrustCo Realty Corp.’s ability to qualify as a real estate investment trust; changes in accounting standards; competition within our market areas; consumers and businesses’ use of non-banks to complete financial transactions; our reliance on third-party service providers; the impact of data breaches and cyber-attacks; the development and use of artificial intelligence; the impact of a failure in or breach of our operational or security systems or infrastructure, or those of third parties; the impact of an unauthorized disclosure of sensitive or confidential client or customer information; the impact of interruptions in the effective operation of our computer systems; the impact of anti-takeover provisions in our organizational documents; the impact of the manner in which we allocate capital; and other risks and uncertainties set forth in our public filings made with the Securities and Exchange Commission (the “SEC”), including our most recent Annual Report on Form 10-K for the year ended December 31, 2024, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, and our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025 to be filed with the SEC. The forward-looking statements contained in this news release represent TrustCo management’s judgment as of the date of this news release. TrustCo disclaims, however, any intent or obligation to update forward-looking statements, either as a result of future developments, new information or otherwise, except as may be required by law.

    TRUSTCO BANK CORP NY
    GLENVILLE, NY
     
    FINANCIAL HIGHLIGHTS
     
    (dollars in thousands, except per share data)
    (Unaudited)
      Three months ended
      6/30/2025
      3/31/2025
      6/30/2024
    Summary of operations          
    Net interest income $ 41,746     $ 40,373     $ 37,788  
    Provision for credit losses   650       300       500  
    Net gains on equity securities               1,360  
    Noninterest income, excluding net gains on equity securities   4,852       4,974       4,291  
    Noninterest expense   26,223       26,329       26,459  
    Net income   15,039       14,275       12,551  
               
    Per share          
    Net income per share:          
    – Basic $ 0.79     $ 0.75     $ 0.66  
    – Diluted   0.79       0.75       0.66  
    Cash dividends   0.36       0.36       0.36  
    Book value at period end   36.75       36.16       34.46  
    Market price at period end   33.42       30.48       28.77  
               
    At period end          
    Full time equivalent employees   733       740       753  
    Full service banking offices   136       136       138  
               
    Performance ratios          
    Return on average assets   0.96 %     0.93 %     0.82 %
    Return on average equity   8.73       8.49       7.76  
    Efficiency ratio (GAAP)   56.27       58.06       60.91  
    Adjusted Efficiency ratio (1)   55.15       58.00       62.84  
    Net interest spread   2.28       2.21       2.09  
    Net interest margin   2.71       2.64       2.53  
    Dividend payout ratio   45.27       47.97       54.57  
               
    Capital ratios at period end          
    Consolidated equity to assets   10.91 %     10.85 %     10.73 %
    Consolidated tangible equity to tangible assets (1)   10.91 %     10.84 %     10.72 %
               
    Asset quality analysis at period end          
    Nonperforming loans to total loans   0.35 %     0.37 %     0.38 %
    Nonperforming assets to total assets   0.30       0.33       0.35  
    Allowance for credit losses on loans to total loans   0.99       0.99       0.99  
    Coverage ratio (2)   2.9x       2.7x       2.6x  
               
               
    (1) Non-GAAP Financial Measure, see Non-GAAP Financial Measures Reconciliation.
    (2) Calculated as allowance for credit losses on loans divided by total nonperforming loans.          
    FINANCIAL HIGHLIGHTS, Continued      
     
    (dollars in thousands, except per share data)      
    (Unaudited)      
      Six Months Ended
      06/30/25
      06/30/24
    Summary of operations      
    Net interest income $ 82,119       74,366  
    Provision for credit losses   950       1,100  
    Net gains on equity securities         1,360  
    Noninterest income, excluding net gains on equity securities   9,826       9,134  
    Noninterest expense   52,552       51,362  
    Net income   29,314       24,677  
           
    Per share      
    Net income per share:      
    – Basic $ 1.54       1.30  
    – Diluted   1.54       1.30  
    Cash dividends   0.72       0.72  
    Book value at period end   36.75       34.46  
    Market price at period end   33.42       28.77  
           
    Performance ratios      
    Return on average assets   0.94 %     0.81  
    Return on average equity   8.61       7.65  
    Efficiency ratio (GAAP)   57.16       60.53  
    Adjusted Efficiency ratio (1)   56.56       61.40  
    Net interest spread   2.24       2.05  
    Net interest margin   2.68       2.48  
    Dividend payout ratio   46.58       55.51  
           
    (1) Non-GAAP Financial Measure, see Non-GAAP Financial Measures Reconciliation.      
    CONSOLIDATED STATEMENTS OF INCOME
                       
    (dollars in thousands, except per share data)                  
    (Unaudited)                  
      Three months ended
      6/30/2025   3/31/2025   12/31/2024   9/30/2024     6/30/2024  
    Interest and dividend income:                  
    Interest and fees on loans $ 54,557     $ 53,450     $ 53,024     $ 52,112     $ 50,660  
    Interest and dividends on securities available for sale:                  
    U. S. government sponsored enterprises   614       596       680       718       909  
    State and political subdivisions                           1  
    Mortgage-backed securities and collateralized mortgage                  
    obligations – residential   1,613       1,483       1,418       1,397       1,451  
    Corporate bonds   210       260       358       361       362  
    Small Business Administration – guaranteed                  
    participation securities   75       81       84       90       94  
    Other securities   8       7       6       2       2  
    Total interest and dividends on securities available for sale   2,520       2,427       2,546       2,568       2,819  
                       
    Interest on held to maturity securities:                  
    obligations – residential   54       57       59       62       65  
    Total interest on held to maturity securities   54       57       59       62       65  
                       
    Federal Home Loan Bank stock   129       151       152       153       147  
                       
    Interest on federal funds sold and other short-term investments   7,212       6,732       6,128       6,174       6,894  
    Total interest income   64,472       62,817       61,909       61,069       60,585  
                       
    Interest expense:                  
    Interest on deposits:                  
    Interest-bearing checking   536       558       397       311       288  
    Savings   733       734       719       770       675  
    Money market deposit accounts   2,086       1,989       2,024       2,154       2,228  
    Time deposits   19,195       18,983       19,680       18,969       19,400  
    Interest on short-term borrowings   176       180       187       194       206  
    Total interest expense   22,726       22,444       23,007       22,398       22,797  
                       
    Net interest income   41,746       40,373       38,902       38,671       37,788  
                       
    Less: Provision for credit losses   650       300       400       500       500  
    Net interest income after provision for credit losses   41,096       40,073       38,502       38,171       37,288  
                       
    Noninterest income:                  
    Trustco Financial Services income   1,818       2,120       1,778       2,044       1,609  
    Fees for services to customers   2,266       2,645       2,226       2,482       2,399  
    Net gains on equity securities                     23       1,360  
    Other   768       209       405       382       283  
    Total noninterest income   4,852       4,974       4,409       4,931       5,651  
                       
    Noninterest expenses:                  
    Salaries and employee benefits   11,876       11,894       12,068       12,134       12,520  
    Net occupancy expense   4,518       4,554       4,563       4,271       4,375  
    Equipment expense   1,918       1,944       2,404       1,757       1,990  
    Professional services   1,886       1,726       1,782       1,863       1,570  
    Outsourced services   2,460       2,700       3,051       2,551       2,755  
    Advertising expense   304       361       590       339       466  
    FDIC and other insurance   1,136       1,188       1,113       1,112       797  
    Other real estate expense, net   522       28       476       204       16  
    Other   1,603       1,934       2,118       1,969       1,970  
    Total noninterest expenses   26,223       26,329       28,165       26,200       26,459  
                       
    Income before taxes   19,725       18,718       14,746       16,902       16,480  
    Income taxes   4,686       4,443       3,465       4,027       3,929  
                       
    Net income $ 15,039     $ 14,275     $ 11,281     $ 12,875     $ 12,551  
                       
    Net income per common share:                  
    – Basic $ 0.79     $ 0.75     $ 0.59     $ 0.68     $ 0.66  
                       
    – Diluted   0.79       0.75       0.59       0.68       0.66  
                       
    Average basic shares (in thousands)   18,965       19,020       19,015       19,010       19,022  
    Average diluted shares (in thousands)   18,994       19,044       19,045       19,036       19,033  
    CONSOLIDATED STATEMENTS OF INCOME, Continued
     
    (dollars in thousands, except per share data)
    (Unaudited)
      Six Months Ended
      06/30/25   06/30/24
    Interest and dividend income:      
    Interest and fees on loans $ 108,007       100,464  
    Interest and dividends on securities available for sale:      
    U. S. government sponsored enterprises   1,210       1,815  
    State and political subdivisions         1  
    Mortgage-backed securities and collateralized mortgage      
    obligations – residential   3,096       2,945  
    Corporate bonds   470       838  
    Small Business Administration – guaranteed      
    participation securities   156       194  
    Other securities   15       5  
    Total interest and dividends on securities available for sale   4,947       5,798  
           
    Interest on held to maturity securities:      
    Mortgage-backed securities-residential   111       133  
    Total interest on held to maturity securities   111       133  
           
    Federal Home Loan Bank stock   280       299  
           
    Interest on federal funds sold and other short-term investments   13,944       13,644  
    Total interest income   127,289       120,338  
           
    Interest expense:      
    Interest on deposits:      
    Interest-bearing checking   1,094       528  
    Savings   1,467       1,387  
    Money market deposit accounts   4,075       4,570  
    Time deposits   38,178       39,077  
    Interest on short-term borrowings   356       410  
    Total interest expense   45,170       45,972  
           
    Net interest income   82,119       74,366  
           
    Less: Provision for credit losses   950       1,100  
    Net interest income after provision for credit losses   81,169       73,266  
           
    Noninterest income:      
    Trustco Financial Services income   3,938       3,425  
    Fees for services to customers   4,911       5,144  
    Net gains on equity securities         1,360  
    Other   977       565  
    Total noninterest income   9,826       10,494  
           
    Noninterest expenses:      
    Salaries and employee benefits   23,770       23,947  
    Net occupancy expense   9,072       8,986  
    Equipment expense   3,862       3,728  
    Professional services   3,612       3,030  
    Outsourced services   5,160       5,256  
    Advertising expense   665       874  
    FDIC and other insurance   2,324       1,891  
    Other real estate expense, net   550       90  
    Other   3,537       3,560  
    Total noninterest expenses   52,552       51,362  
           
    Income before taxes   38,443       32,398  
    Income taxes   9,129       7,721  
           
    Net income $ 29,314       24,677  
           
    Net income per common share:      
    – Basic $ 1.54       1.30  
           
    – Diluted   1.54       1.30  
           
    Average basic shares (in thousands)   18,992       19,023  
    Average diluted shares (in thousands)   19,019       19,033  
    CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
     
    (dollars in thousands)
    (Unaudited)
      6/30/2025
      3/31/2025
      12/31/2024
      9/30/2024
      6/30/2024
    ASSETS:                  
                       
    Cash and due from banks $ 45,218     $ 48,782     $ 47,364     $ 49,659     $ 42,193  
    Federal funds sold and other short term investments   668,373       707,355       594,448       473,306       493,920  
    Total cash and cash equivalents   713,591       756,137       641,812       522,965       536,113  
                       
    Securities available for sale:                  
    U. S. government sponsored enterprises   71,241       65,942       85,617       90,588       106,796  
    States and political subdivisions   18       18       18       26       26  
    Mortgage-backed securities and collateralized mortgage                  
    obligations – residential   221,721       219,333       213,128       222,841       218,311  
    Small Business Administration – guaranteed                  
    participation securities   12,945       13,683       14,141       15,171       15,592  
    Corporate bonds   29,943       24,779       44,581       54,327       53,764  
    Other securities   698       698       700       701       688  
    Total securities available for sale   336,566       324,453       358,185       383,654       395,177  
                       
    Held to maturity securities:                  
    Mortgage-backed securities and collateralized mortgage                  
    obligations-residential   4,836       5,090       5,365       5,636       5,921  
    Total held to maturity securities   4,836       5,090       5,365       5,636       5,921  
                       
    Federal Reserve Bank and Federal Home Loan Bank stock   6,601       6,507       6,507       6,507       6,507  
                       
    Loans:                  
    Commercial   314,273       302,753       286,857       280,261       282,441  
    Residential mortgage loans   4,394,317       4,380,561       4,388,302       4,382,674       4,370,640  
    Home equity line of credit   435,433       419,806       409,261       393,418       370,063  
    Installment loans   12,678       13,017       13,638       14,503       15,168  
    Loans, net of deferred net costs   5,156,701       5,116,137       5,098,058       5,070,856       5,038,312  
                       
    Less: Allowance for credit losses on loans   51,265       50,606       50,248       49,950       49,772  
    Net loans   5,105,436       5,065,531       5,047,810       5,020,906       4,988,540  
                       
    Bank premises and equipment, net   38,129       37,178       33,782       33,324       33,466  
    Operating lease right-of-use assets   36,322       34,968       36,627       37,958       38,376  
    Other assets   106,894       108,681       108,656       98,730       102,544  
                       
    Total assets $ 6,348,375     $ 6,338,545     $ 6,238,744 $ 6,109,680     $ 6,106,644  
                       
    LIABILITIES:                  
    Deposits:                  
    Demand $ 784,351     $ 793,306     $ 762,101     $ 753,878     $ 745,227  
    Interest-bearing checking   1,045,043       1,067,948       1,027,540       988,527       1,029,606  
    Savings accounts   1,082,489       1,094,968       1,086,534       1,092,038       1,144,427  
    Money market deposit accounts   467,087       478,872       465,049       477,113       517,445  
    Time deposits   2,111,344       2,061,576       2,049,759       1,952,635       1,840,262  
    Total deposits   5,490,314       5,496,670       5,390,983       5,264,191       5,276,967  
                       
    Short-term borrowings   82,370       82,275       84,781       91,450       89,720  
    Operating lease liabilities   39,350       38,324       40,159       41,469       42,026  
    Accrued expenses and other liabilities   43,536       33,468       46,478       43,549       42,763  
                       
    Total liabilities   5,655,570       5,650,737       5,562,401       5,440,659       5,451,476  
                       
    SHAREHOLDERS’ EQUITY:                  
    Capital stock   20,097       20,097       20,097       20,058       20,058  
    Surplus   259,490       259,182       258,874       257,644       257,490  
    Undivided profits   462,158       453,931       446,503       442,079       436,048  
    Accumulated other comprehensive income (loss), net of tax   1,663       (132 )     (3,861 )     (6,600 )     (14,268 )
    Treasury stock at cost   (50,603 )     (45,270 )     (45,270 )     (44,160 )     (44,160 )
                       
    Total shareholders’ equity   692,805       687,808       676,343       669,021       655,168  
                       
    Total liabilities and shareholders’ equity $ 6,348,375     $ 6,338,545     $ 6,238,744 $ 6,109,680     $ 6,106,644  
                       
    Outstanding shares (in thousands)   18,851       19,020       19,020       19,010       19,010  
    NONPERFORMING ASSETS
               
    (dollars in thousands)
    (Unaudited)
      6/30/2025
      3/31/2025
      12/31/2024
      9/30/2024
      6/30/2024
    Nonperforming Assets                                      
                                           
    New York and other states*                                      
    Loans in nonaccrual status:                                      
    Commercial $ 684     $ 688     $ 343     $ 466     $ 741  
    Real estate mortgage – 1 to 4 family   14,048       14,795       14,671       15,320       14,992  
    Installment   34       139       108       163       131  
    Total nonperforming loans   14,766       15,622       15,122       15,949       15,864  
    Other real estate owned   1,136       2,107       2,175       2,503       2,334  
    Total nonperforming assets $ 15,902     $ 17,729     $ 17,297     $ 18,452     $ 18,198  
               
    Florida          
    Loans in nonaccrual status:          
    Commercial $     $     $     $ 314     $ 314  
    Real estate mortgage – 1 to 4 family   3,132       3,135       3,656       3,176       2,985  
    Installment   12       3       22       5       22  
    Total nonperforming loans   3,144       3,138       3,678       3,495       3,321  
    Other real estate owned                            
    Total nonperforming assets $ 3,144     $ 3,138     $ 3,678     $ 3,495     $ 3,321  
               
    Total          
    Loans in nonaccrual status:          
    Commercial $ 684     $ 688     $ 343     $ 780     $ 1,055  
    Real estate mortgage – 1 to 4 family   17,180       17,930       18,327       18,496       17,977  
    Installment   46       142       130       168       153  
    Total nonperforming loans   17,910       18,760       18,800       19,444       19,185  
    Other real estate owned   1,136       2,107       2,175       2,503       2,334  
    Total nonperforming assets $ 19,046     $ 20,867     $ 20,975     $ 21,947     $ 21,519  
               
               
    Quarterly Net (Recoveries) Chargeoffs          
               
    New York and other states*          
    Commercial $     $ (3 )   $ 62     $ 65     $  
    Real estate mortgage – 1 to 4 family   (121 )     41       (316 )     104       (74 )
    Installment   18       4       41       11       (2 )
    Total net chargeoffs (recoveries) $ (103 )   $ 42     $ (213 )   $ 180     $ (76 )
               
    Florida          
    Commercial $     $ (315 )   $ 314     $     $  
    Real estate mortgage – 1 to 4 family                           17  
    Installment   94       15       1       42       7  
    Total net (recoveries) chargeoffs $ 94     $ (300 )   $ 315     $ 42     $ 24  
               
    Total          
    Commercial $     $ (318 )   $ 376     $ 65     $  
    Real estate mortgage – 1 to 4 family   (121 )     41       (316 )     104       (57 )
    Installment   112       19       42       53       5  
    Total net (recoveries) chargeoffs $ (9 )   $ (258 )   $ 102     $ 222     $ (52 )
               
               
    Asset Quality Ratios          
               
    Total nonperforming loans (1) $ 17,910     $ 18,760     $ 18,800     $ 19,444     $ 19,185  
    Total nonperforming assets (1)   19,046       20,867       20,975       21,947       21,519  
    Total net (recoveries) chargeoffs (2)   (9 )     (258 )     102       222       (52 )
               
    Allowance for credit losses on loans (1)   51,265       50,606       50,248       49,950       49,772  
               
    Nonperforming loans to total loans   0.35 %     0.37 %     0.37 %     0.38 %     0.38 %
    Nonperforming assets to total assets   0.30 %     0.33 %     0.34 %     0.36 %     0.35 %
    Allowance for credit losses on loans to total loans   0.99 %     0.99 %     0.99 %     0.99 %     0.99 %
    Coverage ratio (1)   286.2 %     269.8 %     267.3 %     256.9 %     259.4 %
    Annualized net (recoveries) chargeoffs to average loans (2)   0.00 %     -0.02 %     0.01 %     0.02 %     0.00 %
    Allowance for credit losses on loans to annualized net chargeoffs (2) N/A N/A 123.2x 56.3x N/A
     
    * Includes New York, New Jersey, Vermont and Massachusetts.
    (1) At period-end
    (2) For the three-month period ended
    DISTRIBUTION OF ASSETS, LIABILITIES AND SHAREHOLDERS’ EQUITY –
    INTEREST RATES AND INTEREST DIFFERENTIAL
     
    (dollars in thousands)                              
    (Unaudited) Three months ended   Three months ended
      June 30, 2025   June 30, 2024
      Average   Interest     Average     Average   Interest     Average  
      Balance         Rate     Balance         Rate  
    Assets                              
                                   
    Securities available for sale:                              
    U. S. government sponsored enterprises $ 73,468     $ 614       3.34 %   $ 113,844     $ 909       3.20 %  
    Mortgage backed securities and collateralized mortgage                              
    obligations – residential   244,628       1,613       2.62       250,517       1,451       2.30  
    State and political subdivisions   18       0       6.77       26       1       6.75  
    Corporate bonds   25,707       210       3.26       55,065       362       2.63  
    Small Business Administration – guaranteed                              
    participation securities   14,083       75       2.14       17,436       94       2.15  
    Other   697       8       4.59       694       2       1.15  
                                   
    Total securities available for sale   358,601       2,520       2.81       437,582       2,819       2.58  
                                   
    Federal funds sold and other short-term Investments   648,457       7,212       4.46       506,493       6,894       5.48  
                                   
    Held to maturity securities:                              
    Mortgage backed securities and collateralized mortgage                              
    obligations – residential   4,970       54       4.37       6,054       65       4.28  
                                   
    Total held to maturity securities   4,970       54       4.37       6,054       65       4.28  
                                   
    Federal Home Loan Bank stock   6,591       129       7.83       6,340       147       9.27  
                                   
    Commercial loans   306,373       4,261       5.56       280,559       3,765       5.37  
    Residential mortgage loans   4,387,181       43,236       3.94       4,359,232       40,819       3.75  
    Home equity lines of credit   428,933       6,830       6.39       364,210       5,814       6.42  
    Installment loans   12,523       230       7.35       15,395       262       6.86  
                                   
    Loans, net of unearned income   5,135,010       54,557       4.25       5,019,396       50,660       4.04  
                                   
    Total interest earning assets   6,153,629     $ 64,472       4.19       5,975,865     $ 60,585       4.06  
                                   
    Allowance for credit losses on loans   (50,777 )                 (49,454 )            
    Cash & non-interest earning assets   204,006                   181,688              
                                   
                                   
    Total assets $ 6,306,858                 $ 6,108,099              
                                   
                                   
    Liabilities and shareholders’ equity                              
                                   
    Deposits:                              
    Interest bearing checking accounts $ 1,039,242     $ 536       0.21 %   $ 1,009,048     $ 288       0.11 %  
    Money market accounts   470,824       2,086       1.78       524,068       2,228       1.71  
    Savings   1,087,467       733       0.27       1,145,922       675       0.24  
    Time deposits   2,085,329       19,195       3.69       1,873,139       19,400       4.17  
                                   
    Total interest bearing deposits   4,682,862       22,550       1.93       4,552,177       22,591       2.00  
    Short-term borrowings   81,055       176       0.87       93,703       206       0.89  
                                   
    Total interest bearing liabilities   4,763,917     $ 22,726       1.91       4,645,880     $ 22,797       1.97  
                                   
    Demand deposits   777,956                   735,262              
    Other liabilities   73,903                   76,258              
    Shareholders’ equity   691,082                   650,699              
                                   
    Total liabilities and shareholders’ equity $ 6,306,858                 $ 6,108,099              
                                   
    Net interest income     $ 41,746                 $ 37,788          
                                   
    Net interest spread           2.28 %             2.09 %  
                                   
                                   
    Net interest margin (net interest income to                              
    total interest earning assets)           2.71 %             2.53 %  
    DISTRIBUTION OF ASSETS, LIABILITIES AND SHAREHOLDERS’ EQUITY –
    INTEREST RATES AND INTEREST DIFFERENTIAL, Continued
                                     
    (dollars in thousands)                                
    (Unaudited) Six Months Ended     Six Months Ended  
      June 30, 2025     June 30, 2024  
      Average   Interest       Average     Average   Interest     Average  
      Balance           Rate     Balance         Rate  
    Assets                                
                                     
    Securities available for sale:                                
    U. S. government sponsored enterprises $ 74,071       1,210       3.27 %   $ 119,908       1,815       3.03 %
    Mortgage backed securities and collateralized mortgage                                
    obligations – residential   242,083       3,096       2.56       254,665       2,945       2.31  
    State and political subdivisions   18             6.77       26       1       6.82  
    Corporate bonds   32,823       470       2.86       64,345       838       2.60  
    Small Business Administration – guaranteed                                
    participation securities   14,540       156       2.15       17,830       194       2.18  
    Mortgage backed securities and collateralized mortgage                                
    obligations – commercial                                    
    Other   698       15       4.30       695       5       1.44  
                                     
    Total securities available for sale   364,233       4,947       2.72       457,469       5,798       2.53  
                                     
    Federal funds sold and other short-term Investments   631,148       13,944       4.46       502,072       13,644       5.47  
                                     
    Held to maturity securities:                                
    Mortgage backed securities and collateralized mortgage                                
    obligations – residential   5,101       111       4.35       6,192       133       4.29  
                                     
    Total held to maturity securities   5,101       111       4.35       6,192       133       4.29  
                                     
    Federal Home Loan Bank stock   6,549       280       8.55       6,271       299       9.54  
                                     
    Commercial loans   302,173       8,426       5.58       278,871       7,425       5.33  
    Residential mortgage loans   4,386,418       85,851       3.92       4,359,351       81,236       3.73  
    Home equity lines of credit   421,498       13,265       6.35       358,607       11,277       6.32  
    Installment loans   12,744       465       7.36       15,761       526       6.72  
                                     
    Loans, net of unearned income   5,122,833       108,007       4.22       5,012,590       100,464       4.01  
                                     
    Total interest earning assets   6,129,864       127,289       4.16       5,984,594       120,338       4.03  
                                     
    Allowance for credit losses on loans   (50,627 )                   (49,139 )            
    Cash & non-interest earning assets   202,590                     188,364              
                                     
                                     
    Total assets $ 6,281,827                   $ 6,123,819              
                                     
                                     
    Liabilities and shareholders’ equity                                
                                     
    Deposits:                                
    Interest bearing checking accounts $ 1,038,733       1,094       0.21 %   $ 999,589       528       0.11 %
    Money market accounts   469,952       4,075       1.75       534,378       4,570       1.72  
    Savings   1,088,408       1,467       0.27       1,152,241       1,387       0.24  
    Time deposits   2,069,998       38,178       3.72       1,881,535       39,077       4.18  
                                     
    Total interest bearing deposits   4,667,091       44,814       1.94       4,567,743       45,562       2.01  
    Short-term borrowings   82,125       356       0.87       93,510       410       0.88  
                                     
    Total interest bearing liabilities   4,749,216       45,170       1.92       4,661,253       45,972       1.98  
                                     
    Demand deposits   769,923                     730,781              
    Other liabilities   76,308                     83,105              
    Shareholders’ equity   686,380                     648,680              
                                     
    Total liabilities and shareholders’ equity $ 6,281,827                   $ 6,123,819              
                                     
    Net interest income       82,119                   74,366          
                                     
    Net interest spread             2.24 %             2.05 %
                                     
                                     
    Net interest margin (net interest income to                                
    total interest earning assets)             2.68 %             2.48 %

    Non-GAAP Financial Measures Reconciliation

    Tangible book value per share is a non-GAAP financial measure derived from GAAP-based amounts. We calculate tangible book value by excluding the balance of intangible assets from total shareholders’ equity divided by shares outstanding. We believe that this is consistent with the treatment by bank regulatory agencies, which exclude intangible assets from the calculation of risk-based capital ratios. Additionally, we believe that this measure is important to many investors in the marketplace who are interested in relative changes from period to period in equity exclusive of changes in intangible assets.

    Tangible equity as a percentage of tangible assets at period end is a non-GAAP financial measure derived from GAAP-based amounts. We calculate tangible equity and tangible assets by excluding the balance of intangible assets from total shareholders’ equity and total assets, respectively. We calculate tangible equity as a percentage of tangible assets at period end by dividing tangible equity by tangible assets at period end. We believe that this is consistent with the treatment by bank regulatory agencies, which exclude intangible assets from the calculation of risk-based capital ratios. Additionally, we believe that this measure is important to many investors in the marketplace who are interested in relative changes from period to period in equity and total assets, each exclusive of changes in intangible assets.

    Adjusted efficiency ratio is a non-GAAP measures of expense control relative to revenue from net interest income and non-interest fee income. We calculate the efficiency ratio by dividing total non-interest expense by the sum of net interest income and total non-interest income. We calculate the adjusted efficiency ratio by dividing total noninterest expenses as determined under GAAP, excluding other real estate expense, net, by net interest income and total noninterest income as determined under GAAP, excluding net gains on equity securities. We believe that this provides a reasonable measure of primary banking expenses relative to primary banking revenue. Additionally, we believe this measure is important to investors looking for a measure of efficiency in our productivity measured by the amount of revenue generated for each dollar spent.

    We believe that these non-GAAP financial measures provide information that is important to investors and that is useful in understanding our financial results. Our management internally assesses our performance based, in part, on these measures. However, these non-GAAP financial measures are supplemental and not a substitute for an analysis based on GAAP measures. As other companies may use different calculations for these measures, this presentation may not be comparable to other similarly titled measures reported by other companies. A reconciliation of the non-GAAP measures of tangible book value to shares outstanding, tangible equity as a percentage of tangible assets, and efficiency ratio to the most directly comparable GAAP measures is set forth below.  

    NON-GAAP FINANCIAL MEASURES RECONCILIATION              
                   
    (dollars in thousands)              
    (Unaudited)              
        6/30/2025   3/31/2025   6/30/2024      
    Tangible Book Value Per Share              
                   
    Equity (GAAP)   $ 692,805     $ 687,808     $ 655,168        
    Less: Intangible assets     553       553       553        
    Tangible equity (Non-GAAP)   $ 692,252     $ 687,255     $ 654,615        
                   
    Shares outstanding     18,851       19,020       19,010        
    Tangible book value per share     36.72       36.13       34.44        
    Book value per share     36.75       36.16       34.46        
                   
    Tangible Equity to Tangible Assets              
    Total Assets (GAAP)   $ 6,348,375     $ 6,338,545     $ 6,106,644        
    Less: Intangible assets     553       553       553        
    Tangible assets (Non-GAAP)   $ 6,347,822     $ 6,337,992     $ 6,106,091        
                   
    Consolidated Equity to Assets (GAAP)     10.91 %     10.85 %     10.73 %      
    Consolidated Tangible Equity to Tangible Assets (Non-GAAP)     10.91 %     10.84 %     10.72 %      
                   
        Three months ended   Six Months Ended
    Efficiency and Adjusted Efficiency Ratios   6/30/2025 3/31/2025 6/30/2024   6/30/2025     6/30/2024  
    Net interest income (GAAP) A $ 41,746     $ 40,373     $ 37,788     $ 82,119     $ 74,366  
    Non-interest income (GAAP) B   4,852       4,974       5,651       9,826       10,494  
    Less: Net gains on equity securities                 1,360             1,360  
    Revenue used for efficiency ratio (Non-GAAP) C $ 46,598     $ 45,347     $ 42,079     $ 91,945     $ 83,500  
                   
    Total noninterest expense (GAAP) D $ 26,223     $ 26,329     $ 26,459     $ 52,552     $ 51,362  
    Less: Other real estate expense, net E   522       28       16       550       90  
    Expense used for efficiency ratio (Non-GAAP) F $ 25,701     $ 26,301     $ 26,443     $ 52,002     $ 51,272  
                   
    Efficiency Ratio (GAAP) D/(A+B)   56.27 %     58.06 %     60.91 %     57.16 %     60.53 %
    Adjusted Efficiency Ratio (Non-GAAP) F/C   55.15 %     58.00 %     62.84 %     56.56 %     61.40 %

    Subsidiary: Trustco Bank

    Contact: Robert Leonard
      Executive Vice President
      (518) 381-3693

    The MIL Network

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of TLGY Acquisition Corporation (OTCMKTS: TLGYF)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating TLGY Acquisition Corporation (OTCMKTS: TLGYF) related to its merger with StableCoinX Assets Inc. Under the terms of the proposed transaction, each Class A ordinary share of TLGY will be converted into one share of Class A common stock of StableCoinX. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/tlgy-acquisition-corporation/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of TLGY Acquisition Corporation (OTCMKTS: TLGYF)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating TLGY Acquisition Corporation (OTCMKTS: TLGYF) related to its merger with StableCoinX Assets Inc. Under the terms of the proposed transaction, each Class A ordinary share of TLGY will be converted into one share of Class A common stock of StableCoinX. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/tlgy-acquisition-corporation/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI: CarGurus To Report Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, July 21, 2025 (GLOBE NEWSWIRE) — CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, announced it will issue a press release reporting financial results for the quarter ended June 30, 2025, after the close of the market on August 7, 2025.

    CarGurus will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on August 7, 2025. To access the conference call, dial (877) 451-6152 for the U.S. or Canada, or (201) 389-0879 for international callers. The webcast will be available live on the Investors section of the company’s website at https://investors.cargurus.com.

    An audio replay of the call will also be available to investors beginning at approximately 8:00 p.m. Eastern Time on August 7, 2025, until 11:59 p.m. Eastern Time on August 21, 2025, by dialing (844) 512-2921 for the U.S. or Canada, or (412) 317-6671 for international callers, and entering passcode 13754096. In addition, an archived webcast will be available on the Investors section of the company’s website at https://investors.cargurus.com.

    About CarGurus, Inc.

    CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire, and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms, and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S.1

    In addition to the U.S. marketplace, the company operates online marketplaces under the CarGurus brand in Canada and the U.K., as well as independent online marketplace brands Autolist in the U.S. and PistonHeads in the U.K.

    To learn more about CarGurus, visit www.cargurus.com, and for more information about CarOffer, visit www.caroffer.com.

    CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks, and registered trademarks are the property of their respective owners.

    1Similarweb: Traffic Report [Cars.com, Autotrader, TrueCar, CARFAX Listings (defined as CARFAX Total visits minus Vehicle History Reports traffic)], Q1 2025, U.S.

    Investor Contact:
    Kirndeep Singh
    Vice President, Head of Investor Relations
    investors@cargurus.com

    Media Contact:
    Maggie Meluzio
    Director, Public Relations & External Communications
    pr@cargurus.com

    The MIL Network

  • MIL-OSI: CarGurus To Report Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, July 21, 2025 (GLOBE NEWSWIRE) — CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, announced it will issue a press release reporting financial results for the quarter ended June 30, 2025, after the close of the market on August 7, 2025.

    CarGurus will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on August 7, 2025. To access the conference call, dial (877) 451-6152 for the U.S. or Canada, or (201) 389-0879 for international callers. The webcast will be available live on the Investors section of the company’s website at https://investors.cargurus.com.

    An audio replay of the call will also be available to investors beginning at approximately 8:00 p.m. Eastern Time on August 7, 2025, until 11:59 p.m. Eastern Time on August 21, 2025, by dialing (844) 512-2921 for the U.S. or Canada, or (412) 317-6671 for international callers, and entering passcode 13754096. In addition, an archived webcast will be available on the Investors section of the company’s website at https://investors.cargurus.com.

    About CarGurus, Inc.

    CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire, and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms, and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S.1

    In addition to the U.S. marketplace, the company operates online marketplaces under the CarGurus brand in Canada and the U.K., as well as independent online marketplace brands Autolist in the U.S. and PistonHeads in the U.K.

    To learn more about CarGurus, visit www.cargurus.com, and for more information about CarOffer, visit www.caroffer.com.

    CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks, and registered trademarks are the property of their respective owners.

    1Similarweb: Traffic Report [Cars.com, Autotrader, TrueCar, CARFAX Listings (defined as CARFAX Total visits minus Vehicle History Reports traffic)], Q1 2025, U.S.

    Investor Contact:
    Kirndeep Singh
    Vice President, Head of Investor Relations
    investors@cargurus.com

    Media Contact:
    Maggie Meluzio
    Director, Public Relations & External Communications
    pr@cargurus.com

    The MIL Network

  • MIL-OSI Security: Defense News in Brief: F-35 international interfly at Talisman Sabre 25 – A first for the USAF

    Source: United States Airforce

    Two U.S. Air Force pilots successfully flew Royal Australian Air Force F-35A Lightning II aircraft during an international interfly training mission during exercise Talisman Sabre 25, in Northern Territory, Australia, July 16.

    This display of interoperability signified the first time USAF pilots flew 5th Generation aircraft belonging to a partnered or allied nation.

    The U.S. Air Force pilots achieving this first-ever feat were Air Force Reserve Maj. Justin Lennon, 48th Fighter Wing, U.S. Air Forces in Europe-U.S. Air Forces Africa F-35A evaluator pilot, and Maj. Colby Kluesner, 388th Fighter Wing F-35A evaluator pilot.

    “In the short term, Interfly events like this allow us to exchange information and best practices,” Lennon explained. “In the long term, as a coalition, normalizing Interfly gives commanders additional options for agility and versatility in a future conflict. In a prolonged conflict, airplanes are capable of flying more hours a day than a pilot. Having the added flexibility to put any pilot in any F-35 and generate combat airpower anywhere in the world adds to the F-35 coalition’s lethality.”

    The RAAF has also increased its efforts in normalizing F-35 Interfly training among allies by the creation of its Lighting-X program: a 2023 initiative developed to take advantage of the mutual benefits provided to F-35 communities that Interfly concepts provide.

    “[The Lightning-X program] allows RAAF commanders to treat our coalition counterparts as RAAF aircrew when we consider things like medical, dental, physiological issues, egress systems and human factors,” said RAAF Squadron Leader Nicholas Reynolds, No. 77 Squadron executive officer. “It is a big win to be able to seamlessly integrate here at Talisman Sabre 25 with 77 Squadron.”

    In addition to the two USAF pilots, the RAAF also invited Royal Air Force Squadron Leader Daniel Goff, and U.S. Marine Corps Lt. Col. Johnny Rose, both F-35B instructor pilots, to participate in the international Interfly.

    The USAF, USMC, and RAF pilots embedded with two of RAAF’s F-35 squadrons, No. 77 Squadron and No. 75 Squadron.

    After a day of simulator training and academic courses, the four F-35 pilots were approved to conduct training exercises during Talisman Sabre 25 using RAAF’s F-35 aircraft.

    “The crew are treated no differently than any other RAAF F-35 pilot during Talisman Sabre 25,” Lennon said. “The only way anyone might know it’s not an Australian in the RAAF F-35 is the accent on the radio.”

    Lennon also added that familiar training and equipment usage in the F-35 makes adapting to another nation’s aircraft easier than one might think.

    “Thanks to the commonality of F-35 variants, aligned training and operational practices between F-35 users, the flying portion is the easiest part,” Lennon explained. “Our visiting USAF pilots are able to execute and fly a RAAF F-35 no different from their Australian wingmen.”

    This recent effort in pilot interchangeability by multiple branches and nations in the F-35 community is aimed at preparing the U.S. and its allies for future conflicts long into the future.

    “Interfly has allowed the USAF to train partner nations on weapons systems they have purchased, as well as conduct exchange assignments,” Lennon said. “However, until now the USAF has never performed international interfly on an ad-hoc basis. This effort is part of a larger plan to normalize F-35 Interfly training with our allies.”

    Talisman Sabre 25 is a large-scale, bilateral military exercise between Australia and the U.S. which advances a free and open Indo-Pacific by strengthening relationships and interoperability among key allies and enhances our collective capabilities to respond to a wide array of potential security concerns. This year marks the eleventh iteration of the exercise.

    MIL Security OSI

  • MIL-OSI Security: Defense News in Brief: RIAT 2025 highlights global readiness, cooperation

    Source: United States Airforce

    During the Royal International Air Tattoo, the U.S. Air Force, alongside NATO allies and partners from around the globe, showcased what the strength of multinational relationships can achieve.

    The weather was calm and the sky was blue, yet thunder forced itself to be heard. From July 18-20, thousands of onlookers in the crowd gleefully braced themselves for a procession of roaring aerial acrobatics, helicopter rescue demonstrations, and raw airpower flooding the cloudy air above Royal Air Force Fairford.

    The Royal International Air Tattoo is not only the largest air show in the world – it is a convention of lethality, ingenuity, and partnership. The U.S. Air Force, alongside NATO allies and partners from around the globe, showcased what the strength of multinational relationships can achieve.

    “America’s international partners are one of its greatest strengths,” said U.S. Air Force Capt. Mercer Martin, 99th Expeditionary Reconnaissance Squadron U-2S pilot. “Spending our time meeting our partners in person while forging bonds and friendships is an extremely important addition to the relationships we have with our allied nations around the world.”

    U.S. Air Force Gen. David Allvin, USAF Chief of Staff, speaks with Airmen assigned to the 95th Reconnaissance Squadron during the Royal International Air Tattoo at RAF Fairford, England, July 19, 2025. The interaction and exchanges we have with allies and partners at events like RIAT allows us to learn from and leverage the strengths and capabilities our allies and partners bring to the table. (U.S. Air Force photo by Airman 1st Class Cody J. A. Mott)
    U.S. Air Force Capt. “Yeti” Martin, 99th Expeditionary Reconnaissance Squadron U-2S pilot, explains the capabilities of the U-2S Dragon Lady to Royal Air Force cadets during the Royal International Air Tattoo at RAF Fairford, England, July 18, 2025. One of the many benefits of RIAT is exposing allies, partner nations and the general public to our aircraft and the aircrews who operate them. These aircraft demonstrate our vast capabilities and ability to rapidly respond to threats and assure allies and partners. (U.S. Air Force photo by Airman 1st Class Cody J. A. Mott)
    RAF Red Arrow aerobatic team member Graeme Muscat, announces the pilot’s aerial demonstrations during the Royal International Air Tattoo at RAF Fairford, England, July 20, 2025. Through high-impact aerial displays and multinational participation, RIAT highlights the strategic reach and operational readiness of allied and partner air forces. (U.S. Air Force photo by Airman 1st Class Cody J. A. Mott)

    Exposing both the U.S. and partner-nation personnel to diverse strategies and training methods strengthens the goal of a cohesive, interoperable force. These relationships play a key part in times of peace as much as they do in the theater of war.

    “I enjoy flying an aircraft that’s so close in league with our American colleagues. It’s a real change of pace,” said an RAF Rivet Joint pilot. “Your training systems and operational focus into different deployable locations make it so U.S. Airmen are more versed on how it all works in different areas of the world. It’s nice to be exposed to that and fly more often with pilots who have different techniques.”

    As in years past, one of RIAT’s greatest strengths this year was the access it provided allies, partner nations and the public to U.S. aircraft, aircrew, and the stories behind them. It was a rare chance for global audiences to witness both the capabilities and the humanity behind modern airpower. This visibility builds confidence, strengthens support, and reinforces the value of continued collaboration.

    “As aircrew stationed in the United Kingdom, I’m flying tanker missions and working with NATO allies while refueling them in the air,” said U.S. Air Force Capt. Tobin Nelson, 100th Air Refueling Wing pilot. “Being on the ground and meeting them face-to-face at RIAT is amazing. Knowing I’ve worked with their people gives me the ability to network, plan new training missions, and forge new bonds through flying.”

    RIAT 2025 served as a powerful reminder that diplomacy and military strength go hand in hand. By bringing together allies and partners in a shared celebration of innovation and skill, the air show fostered trust, mutual understanding, and camaraderie that extended far beyond the runway. The relationships built not only enhance all nations’ operational readiness but also promote a culture of cooperation and respect that is vital in today’s complex environments.

    RIAT’s ability to inspire generations also underscores the profound impact of bringing military aviation into the public eye. For many attendees, witnessing these aircraft in action and hearing firsthand accounts from dedicated personnel sparks a passion for service and a belief in the importance of teamwork.

    “When you come here and see participants and children from every walk of life with a sparkle in their eye, you don’t ever want to stifle those dreams,” said U.S. Air Force Tech. Sgt. John Stortecky, 337th Airlift Squadron flight engineer. “Hopefully one day someone will say, ‘I had that tour through the aircraft and I saw them fly – and it inspired me to become who I am today.’”

    MIL Security OSI

  • MIL-OSI USA: In Letter to Trump, Cantwell Unveils 5-Point Plan to Improve Nation’s Weather Readiness in the Face of NOAA Cuts

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    07.21.25

    In Letter to Trump, Cantwell Unveils 5-Point Plan to Improve Nation’s Weather Readiness in the Face of NOAA Cuts

    Cantwell to Trump: “We have a once-in-a-lifetime opportunity to create the world’s best weather forecasting system…”

    WASHINGTON, D.C. – Senator Maria Cantwell (D-Wash), ranking member of the Senate Committee on Commerce, Science, and Transportation – the committee that oversees the National Oceanic and Atmospheric Administration (NOAA) and the National Weather Service (NWS) – today sent a letter to President Donald Trump outlining her five-point plan to bolster the United States’ weather readiness.

    “Communities across the United States are experiencing more frequent, intense, and costly flash floods, hurricanes, tornadoes, atmospheric rivers, landslides, heatwaves, and wildfires,” Sen. Cantwell wrote. “The lessons from Kerrville, Palisades, Asheville, Lahaina, and too many other natural disasters are that providing Americans with more timely and accurate weather information can avoid billions in property losses and save lives. We have a once-in-a-lifetime opportunity to create the world’s best weather forecasting system that would provide Americans with much more detailed and customized alerts days instead of minutes ahead of a looming extreme weather event.”

    Sen. Cantwell’s five recommendations for President Trump are:

    1. Modernize Weather Data Collection: The United States needs to collect and compile more data by land, air, space, and sea by modernizing our weather data infrastructure and other tools, including better radars, hurricane hunters, weather satellites, and ocean buoys.
    • Radar: Upgrading the nation’s aging Doppler radar network will enable meteorologists to deliver more accurate forecasts and provide longer warning lead times. Higher resolution data from new technology called phased array radar can “see” into the storm in ways not visible on current radar. It can zoom in on the most dangerous features of extreme weather and scan the atmosphere in under a minute, six times faster than current radar, to detect rapid changes like tornado formation or microbursts. NOAA is planning to replace the current outdated Doppler network but lacks the resources necessary to develop the best radar technology and infrastructure at the pace we need them to.
    • Hurricane Hunters: NOAA studies have found that including data collected by the Hurricane Hunters improved forecast accuracy by at least 10 to 15 percent. NOAA needs to rebuild its Hurricane Hunter aircraft fleet by replacing the current WP-3D Hurricane Hunter aircraft that have been in service since the 1970s and will be decommissioned by 2030. NOAA’s 2022 Aircraft Plan calls for four new C-130 aircraft to meet this mission, and the bipartisan National Defense Authorization Act for Fiscal Year 2023 (P.L. 117-263, § 11708(b)) included authorization for up to six new aircraft.
    • Weather Satellites: NOAA’s satellites are its “eyes in the sky” that stay locked in place above the United States and give scientists continuous data on storms as they develop. NOAA needs to expand these capabilities with the next generation of weather satellites like the Geostationary Extended Observations (GeoXO) satellite system. Updated satellites will be able to track lightning strikes that start wildfires and smoke which impacts air quality and human health.
    • Buoys and Ocean Data: NOAA’s Integrated Ocean Observing System (IOOS) is a network of buoys, gliders, high frequency radar arrays, and other instruments that gather ocean data critical for weather forecasting, search and rescue, and navigation. we need to modernize and recapitalize aging infrastructure and better integrate ocean data into our weather forecasting models. Enacting the Integrated Ocean Observation System Reauthorization Act of 2025 (S.2126), bipartisan legislation sponsored by Senators Roger Wicker and Cantwell, will help maintain and resource IOOS infrastructure and networks.
    1. World Leading Analytics: We need to catch up with and surpass European weather forecasting capabilities, which will require more supercomputing and improvements in data analytics including assimilation.
    • We want the best forecasts in the world, but the U.S. models are often outperformed by the European model.
    • NOAA needs to increase its focus and investment in supercomputing, data analytics, and data assimilation, a key technique in weather forecasting that combines real-world observations with a numerical weather model.
    • Better forecasts are in reach, we just need to invest in the people and the computing power to be competitive.
    1. Cutting Edge Research: As our communities experience more frequent and extreme weather, now is the time to invest in additional cutting-edge basic and applied research.
    • For decades, NOAA’s Office of Oceanic and Atmospheric Research (OAR) has supported next-generation science and technology that enables increasingly adept forecasting products and services that save lives from extreme weather events.
    • While NOAA’s OAR only accounts for about 10 percent of the agency’s funding, its work has far-reaching impacts including better flash flood and precipitation prediction, developing next generation hurricane models, and improving extreme heat planning scenarios.
    • The office also focuses on ways to better communicate extreme weather threats to the public. For example, NOAA’s National Severe Storm Laboratory in Oklahoma is testing a new tornado and extreme weather early warning system. Even though it’s still in the testing phase, in March the system provided Missouri communities two hours of lead time, allowing 120 people to seek shelter before a dangerous EF-3 tornado touched down. Current tornado warnings only give communities 13 minutes of warning on average.
    1. Modernizing Alert Systems: We must strengthen and expand weather emergency communication channels to keep the public informed and help first responders prepare and react to natural disasters.
    • Americans need more timely, relevant, and actionable information so they know when to get out of harm’s way. Investments like upgrading NOAA’s weather radio technology from obsolete copper technologies to Internet or satellite-based systems are vital to providing reliable and continuous weather and emergency alerts.
    • Expanding NOAA’s VHF broadcasts to reach rural areas that other systems do not reliably cover will provide irreplaceable hazard alerts for campers, tourists, hunters, and tribal members, as well as mining, forestry, and agriculture workers living in remote areas.
    • However, no single alert technology should be considered sufficient in an emergency. We should augment both public and private alert communications and embrace multi-channel delivery systems to ensure messages reach users via their preferred platforms, whether that is through FM and AM radio, apps, websites, SMS, push notifications, television, or social media. The private sector can provide value-added information including more customized alerts and warnings and giving people additional ways to access critical and timely information.
    • Expanding current FEMA programs to build out local sirens and provide first responders with crucial flood maps and satellite images will also significantly enhance local disaster response capabilities.
    1. Advance Bipartisan Legislation: The bipartisan Weather Act Reauthorization Act of 2024 would strengthen weather research and forecasting and expand commercial data partnerships.
    • A bipartisan bill Chairman Ted Cruz and I introduced last year, the Weather Act Reauthorization Act of 2024 (S. 5601), would modernize the essential research programs you signed into law in the 2017 Weather Act and establish new programs to advance forecasting, strengthen emergency preparedness, and support farmers and resource managers with better tools for agriculture and water management.
    • The legislation would take the critical first steps in addressing NOAA’s aging radar network by directing the agency to design and deploy the next generation of weather radar technology. It also expands and codifies public-private partnerships to acquire and utilize innovative data sources, supporting efforts like the Commercial Data Program. Former House Science Chairman Frank Lucas and Ranking Member Zoe Lofgren introduced a bipartisan companion bill in the House (H.R. 3816) last month, which will be marked up by the full Committee this Wednesday.

    This morning, Sen. Cantwell joined CNN’s Pamela Brown to discuss her plan to improve the nation’s weather readiness. The interview is HERE.

    On Sunday, July 13, Sen. Cantwell joined CBS’s Face the Nation with Margaret Brennan to discuss the importance of funding and staffing for NOAA and the NWS.

    “The more you can move people and resources out of the way of a storm, the more you can predict what might happen, the better prepared we’re going to be. And that’s going to help us save lives, and certainly save dollars,” Sen. Cantwell told Brennan. Video of her segment is HERE and HERE; a transcript is HERE.

    NOAA’s cutting-edge science informs NWS weather forecasts, which help local communities prepare for and respond to events like the recent deadly floods in Central Texas. President Trump’s proposed budget would slash NOAA’s funding by $2.2 billion – a 27% cut – and his DOGE team has caused over 2,000 job losses at the agency since January.

    Earlier this month, Sen. Cantwell questioned Dr. Neil Jacobs, President Donald Trump’s nominee to head NOAA, about his plans to preserve the agency’s mission as the administration continues to hack away at NOAA’s budget, workforce, and programs.

    Last month, Sen. Cantwell joined renowned meteorologists from across the country for a virtual presser to sound the alarm on the NWS cuts, and called on the Trump Administration to restore the agency to full capacity.

    The full text of the letter to President Trump is below:

    July 21, 2025

    The Honorable Donald J. Trump

    The White House

    1600 Pennsylvania Avenue, N.W.

    Washington, DC 20500

    Dear Mr. President,

    Communities across the United States are experiencing more frequent, intense, and costly flash floods, hurricanes, tornadoes, atmospheric rivers, landslides, heatwaves, and wildfires. The lessons from Kerrville, Palisades, Asheville, Lahaina, and too many other natural disasters are that providing Americans with more timely and accurate weather information can avoid billions in property losses and save lives. We have a once-in-a-lifetime opportunity to create the world’s best weather forecasting system that would provide Americans with much more detailed and customized alerts days instead of minutes ahead of a looming extreme weather event.

    There is strong support for making the generational investments necessary to become a weather ready nation that will empower Americans to get out of harm’s way. It will take better weather data collection, world leading analytics, cutting edge research, modernizing alert systems, and a partnership between your Administration and Congress to pass enabling legislation. To that end, I offer the following five recommendations that if pursued on a bipartisan basis would make America the world leader in weather forecasting:

    1) Modernizing Weather Data Collection

    We need to compile more data by land, air, space, and sea by modernizing our weather data collection tools, including better radar, hurricane hunters, weather satellites, and ocean buoys

    Radar: Upgrading the nation’s aging Doppler radar network will enable meteorologists to deliver more accurate forecasts and provide longer warning lead times. It does this with higher resolution data from phased array radar (PAR) to “see” into the storm in ways not visible on current radar. PAR can detect rapid changes in storms like tornado formation or microbursts, improve tracking of hazards like hail, and zoom in on the most dangerous features of extreme weather. These systems can also scan the atmosphere in under a minute, six times faster than current radar, detecting rapid changes in the storm for increased warning lead times and fewer false alarms.

    This new technology should replace the current analog Doppler radar systems from the 1980s, which are increasingly costly to maintain and risks failure every day. NOAA is planning to replace the current outdated Doppler network but lacks the resources necessary to develop the best radar technology and infrastructure at the pace we need them to.

    Hurricane Hunter Aircraft: NOAA studies have found that including data collected by the Hurricane Hunters improved forecast accuracy by at least 10 to 15 percent. However, NOAA needs to rebuild its Hurricane Hunter aircraft fleet by replacing the current WP-3D Hurricane Hunter aircraft that have been in service since the 1970s and will be decommissioned by 2030. New C-130 Hurricane Hunter aircraft are more capable than the half-century old WP-3D aircraft, with the ability to deploy more drones and uncrewed systems, conduct higher resolution scans from more advanced radar, and provide highly accurate wind, temperature, pressure, and humidity measurements from additional sensors.

    NOAA’s 2022 Aircraft Plan calls for four new C-130 aircraft to meet this mission, and the bipartisan National Defense Authorization Act for Fiscal Year 2023 (P.L. 117-263, § 11708(b)) included authorization for up to six new aircraft. While two C-130 aircraft are funded, completing the fleet modernization in fiscal year 2026 will ensure forecasters can utilize this irreplaceable data source to better predict the path and intensity of hurricanes headed toward the United States, which is crucial for first responders to inform evacuations and pre-position emergency resources.

    Weather Satellites: NOAA’s satellites are its “eyes in the sky” that stay locked in place above the United States and give scientists continuous data on storms as they develop. NOAA needs to expand these capabilities with the next generation of weather satellites, the Geostationary Extended Observations (GeoXO) satellite system. Once launched, GeoXO can track lightning strikes that start wildfires, wildfire smoke, red tides that poison fisheries, and generally provide better extreme weather early warning capabilities. For example, if GeoXO had been deployed during the 2023 Canadian wildfire smoke event that blanketed much of the eastern United States, its instruments could have provided hourly, high-resolution maps of smoke pollution, enabling more accurate health advisories and allowing schools, airlines, and outdoor workers to make safer decisions. This year, smoke from massive Canadian wildfires is again posing health risks to Americans across the country. This is new technology that does not exist in today’s satellite system.

    To get these next generation satellites built, NOAA must proceed with the recommendations laid out under your first Administration and build the planned network of six satellites, five instruments, and supporting ground systems. The data from the Lightning Mapper (LMX), Sounder (GXS), Atmospheric Composition (ACX), Imager (GXI), and Ocean Color (OCX) instruments are key and necessary inputs for any world leading forecasting model.

    Buoys and Ocean Data: NOAA’s Integrated Ocean Observing System (IOOS) is a network of buoys, gliders, high frequency radar arrays, and other instruments that gather ocean data critical for weather forecasting, search and rescue, and navigation. The IOOS network provides real-time surface and subsurface ocean temperature measurements that feed into NOAA’s hurricane forecast model to detect rapid intensification of hurricanes and other extreme storms. For example, the above average warm water in the Gulf contributed to the recent flash flooding in Central Texas, while changes to tropical weather patterns and ocean temperatures have contributed to flooding across the country, from the Southwest through the Mid-Atlantic and into the Northeast. Just halfway through the summer, according to the National Weather Service, the country has already experienced twice as many floods in July as usual.

    To preserve and expand the critical real-time data these buoys provide, we need to modernize and recapitalize aging infrastructure and better integrate ocean data into our weather forecasting models. Enacting the Integrated Ocean Observation System Reauthorization Act of 2025 (S.2126), bipartisan legislation Senator Roger Wicker and I introduced, will help maintain and resource IOOS infrastructure and networks.

    2) World Leading Analytics

    Catching up with and surpassing European weather forecasting capabilities will require more supercomputing and improvements in data analytics

    NOAA has long aimed to close the performance gap between its Global Forecast System (GFS) and the European Centre for Medium-Range Weather Forecasts, which often outperforms U.S. forecasts. For example, in October 2012, the European model correctly predicted Hurricane Sandy would turn toward the U.S. East Coast seven to eight days in advance, while the U.S. model initially forecast it would head out to sea, missing the U.S. entirely. Of course, Sandy did hit the U.S., with devastating effects for the entire Mid-Atlantic region, killing 254 people and causing nearly $70 billion in damages. Conversely, in 2015, the European model predicted Hurricane Joaquin would stay offshore, which it did, while the U.S. model forecast a direct hit on the East Coast, prompting costly emergency preparations that were ultimately unnecessary. And in February 2021, when a historic Arctic outbreak plunged Texas and much of the South into record cold with heavy snow and ice, and the European model provided more accurate early guidance on the extent and longevity of the cold air mass. According to NOAA and the Texas Department of State Health Services, at its peak, the power outages that resulted left nearly 10 million people in the cold and dark, unable to cook food, and resulted in more than 200 deaths.

    In order to catch up to Europe’s highly advanced weather modeling, NOAA needs to increase its focus and investment in supercomputing, data analytics, and data assimilation, a key technique in weather forecasting that combines real-world observations with a numerical weather model. We need to take steps to expand the GFS ensemble system with higher resolution and better physics, refine the Unified Forecast System, and streamline the path from research to operations with projects like the Earth Prediction Innovation Center (EPIC) to improve collaboration with external scientists and the private sector. All of this will require Congress to provide NOAA with more supercomputing resources if we are to lead the world in weather forecasting.

    3) Cutting Edge Research

    As our communities experience more frequent and extreme weather, now is the time to invest in additional cutting-edge basic and applied research

    For decades, NOAA’s Office of Oceanic and Atmospheric Research has supported next-generation science and technology that enables increasingly adept forecasting products and services that save lives from extreme weather events. While NOAA research only accounts for about 10 percent of the agency’s funding, its work has far-reaching impacts including better flash flood and precipitation prediction, developing next generation hurricane models, and improving extreme heat planning scenarios. The research arm also operates testbeds where new technologies and models are rigorously evaluated before they are transitioned to NOAA operations or private sector applications.

    The office also focuses on ways to better communicate extreme weather threats to the public. For example, NOAA’s National Severe Storm Laboratory in Oklahoma is testing a new tornado and extreme weather early warning system. Even though it’s still in the testing phase, in March the system provided Missouri communities two hours of lead time, allowing 120 people to seek shelter before a dangerous EF-3 tornado touched down. Current tornado warnings only give communities 13 minutes of warning on average.

    4) Modernizing Alert Systems

    We must strengthen and expand weather emergency communication channels to keep the public informed and help first responders prepare and react to natural disasters

    Americans need more timely, relevant, and actionable information so they know when to get out of harm’s way. Investments like upgrading NOAA’s weather radio technology from obsolete copper technologies to Internet or satellite-based systems are vital to providing reliable and continuous weather and emergency alerts. Expanding NOAA’s VHF broadcasts to reach rural areas that other systems do not reliably cover will provide irreplaceable hazard alerts for campers, tourists, hunters, and tribal members, as well as mining, forestry, and agriculture workers living in remote areas. Expanding current FEMA programs to build out local sirens and provide first responders with crucial flood maps and satellite images will also significantly enhance local disaster response capabilities.

    However, no single alert technology should be considered sufficient in an emergency. We should augment both public and private alert communications and embrace multi-channel delivery systems to ensure messages reach users via their preferred platforms, whether that is through FM and AM radio, apps, websites, SMS, push notifications, television, or social media. The private sector can provide value-added information including more customized alerts and warnings, giving people additional ways to access critical and timely information.

    5) Advancing Bipartisan Legislation

    The bipartisan Weather Act Reauthorization Act of 2024 would strengthen weather research and forecasting and expand commercial data partnerships

    A bipartisan bill Chairman Ted Cruz and I introduced last year, the Weather Act Reauthorization Act of 2024 (S. 5601) would modernize the essential research programs you signed into law in the 2017 Weather Act and establish new programs to advance forecasting, strengthen emergency preparedness, and support farmers and resource managers with better tools for agriculture and water management. The legislation also expands and codifies public-private partnerships to acquire and utilize innovative data sources, supporting efforts like the Commercial Data Program. Former House Science Chairman Frank Lucas and Ranking Member Zoe Lofgren introduced a bipartisan companion bill in the House (H.R. 3816) last month.

    Now is the time to take the tough lessons learned in the wake of the recent natural disasters and human tragedies in places like Texas, North Carolina, and New Mexico and create the world’s best weather prediction system. We must meet the moment or the situation is only going to get worse. The United States used to experience an average of nine extreme weather events every year that cost over $1 billion each, but in the last five years the number of disasters has spiked to an average of 23 per year, and last year it was 27 events. A recent comprehensive government study predicted that extreme weather will cost Americans $1.5 trillion over the next decade, not including loss of life or health-related costs. That’s why the costs of making the once-in-a-lifetime smart investments described above are minuscule compared to savings that better weather forecasting will provide every American.

    Sincerely,

    MIL OSI USA News

  • MIL-OSI USA: Cornyn Cosponsors Bill to Label Muslim Brotherhood a Foreign Terrorist Organization

    US Senate News:

    Source: United States Senator for Texas John Cornyn

    WASHINGTON – U.S. Senator John Cornyn (R-TX) cosponsored the Muslim Brotherhood Terrorist Designation Act, which would direct the U.S. Secretary of State to designate the Muslim Brotherhood as a terrorist group:

    “Hamas – who is responsible for the mass murder of more than 1,200 civilians in the brutal attack against Israel on October 7 – openly identifies as a branch of the Muslim Brotherhood,” said Sen. Cornyn. “This bill rightfully directs the Secretary of State to designate the Muslim Brotherhood as a terrorist organization and imposes strict sanctions against them and their proxies who chant ‘death to America,’ sending a clear message that their anti-western agenda and threats to the American people and our allies will not be tolerated.”

    Background:

    The Muslim Brotherhood is a transnational Islamist organization that supports a wide array of regional affiliates, including groups actively engaged in terrorism. Hamas, already designated a Foreign Terrorist Organization (FTO) by the United States, openly identifies as a branch of the Muslim Brotherhood. Other branches, such as HASM and Liwa al-Thawra, have been linked to the Muslim Brotherhood by the U.S. Department of State and designated as Specially Designated Global Terrorists. Muslim Brotherhood branches have also been implicated in planning or supporting attacks in Jordan and are outlawed as terrorist groups by Austria, Bahrain, Egypt, Jordan, Saudi Arabia, and the United Arab Emirates. Several European countries are evaluating similar measures.

    The bill modernizes previous efforts by shifting to a bottom-up approach, requiring the U.S. Secretary of State to record and evaluate individual Muslim Brotherhood branches annually, designate those that meet terrorism criteria, and impose sanctions accordingly. This is modeled after the successful approach taken to designate Iran’s Islamic Revolutionary Guard Corps in 2017.

    The Muslim Brotherhood Terrorist Designation Act would:

    • Designate the Muslim Brotherhood under the Anti-Terrorism Act of 1987;
    • Require the U.S. Secretary of State to report annually on Muslim Brotherhood branches and assess their designation eligibility under FTO or SDGT authorities;
    • Mandate sanctions against the global Muslim Brotherhood and any branch found to meet terrorism criteria; and
    • Impose visa restrictions and immigration ineligibility on identified members.

    The Muslim Brotherhood Terrorist Designation Act, led by Senator Ted Cruz (R-TX), was cosponsored by Sens. Tom Cotton (R-AR), John Boozman (R-AR.), Rick Scott (R-FL), Ashley Moody (R-FL), and Dave McCormick (R-PA).

    The legislation is endorsed by FDD Action, Christians United for Israel Action Fund, the American Israel Public Affairs Committee (AIPAC), and the Republican Jewish Coalition.

    Companion legislation was introduced in the U.S. House of Representatives by Rep. Mario Díaz-Balart (FL-26).

    MIL OSI USA News

  • MIL-OSI Canada: Prime Minister Carney meets with His Majesty King Abdullah II of Jordan

    Source: Government of Canada – Prime Minister

    Today, the Prime Minister, Mark Carney, met with His Majesty King Abdullah II of Jordan during His Majesty’s visit to Canada. This was their first in-person meeting since the Prime Minister took office.

    Prime Minister Carney welcomed His Majesty King Abdullah II to Ottawa. The leaders underscored the long-standing partnership between Canada and Jordan, including in trade, defence, and security. They discussed opportunities to strengthen bilateral commerce and investment as Canada diversifies its trade partners and builds a stronger economy.

    To that end, Prime Minister Carney announced that Canada will allocate $28.4 million to support border security and development efforts in Jordan. This includes helping Jordanian security forces protect against terrorism and transnational crime, using Canadian steel to repair border infrastructure, and reducing global pressures by assisting with education, health, and job creation for refugees.

    The Prime Minister and His Majesty also discussed the situation in the Middle East, including the imperative of a ceasefire in Gaza, called for urgent, life-saving humanitarian aid to reach civilians, and the imperative for stability in Syria.

    His Majesty King Abdullah II thanked Prime Minister Carney for his hospitality, and the leaders looked forward to remaining in close contact.

    Associated links

    MIL OSI Canada News

  • MIL-OSI Canada: Tribunal Terminates Inquiry—Corrosion-resistant Steel Sheet from Türkiye

    Source: Government of Canada News

    Ottawa, Ontario, July 21, 2025—The Canadian International Trade Tribunal today terminated its final injury inquiry to determine whether the dumping of corrosion-resistant steel sheet, originating in or exported from the Republic of Türkiye, by Borçelik Çelik Sanayi Ticaret, has injured Canadian producers. The Tribunal’s inquiry was required by law as a result of the initiation of a dumping investigation by the Canada Border Services Agency (CBSA).

    On July 16, 2025, the CBSA determined that there had been no dumping and terminated its dumping investigation. Therefore, the Tribunal will not continue its final injury inquiry.

    The Tribunal is an independent quasi-judicial body that reports to Parliament through the Minister of Finance. It hears cases on dumped and subsidized imports, safeguard complaints, complaints about federal government procurement and appeals of customs and excise tax rulings. When requested by the federal government, the Tribunal also provides advice on other economic, trade and tariff matters.

    MIL OSI Canada News

  • MIL-OSI USA: ICMYI: Estes Joins Washington Watch with Tony Perkins

    Source: United States House of Representatives – Congressman Ron Estes (R-Kansas)

    U.S. Congressman Ron Estes (R-Kansas) joined Washington Watch with Tony Perkins with guest host Jody Hice to discuss the rescissions package, federal spending and provisions within the One Big, Beautiful Bill that will help Kansans and Americans, and more. Watch the interview on YouTube.

    On the rescissions package:

    “Obviously there’s a lot of work we need to do. One out of five dollars that the government spends is borrowed, so we’ve got a lot of things we need to look at. As you said, the rescissions package here was the first time in decades that a president has requested that discretionary spending be pulled back. That, ‘Hey, we don’t need to spend everything that was appropriated a year or longer ago, and focus on specific areas.’

    “If you look through what’s in that rescissions package, the things that we were particularly pulling out, things like funding for NPR. They wanted to fund drag queen programs for children and programs talking about animals need to have their own pronouns … PBS had programs talking about white privilege. 

    “We all heard earlier this year all of the horror stories coming out of USAID in terms of the money that was being wasted around the world. Things like $3 million for electric vehicles in Vietnam and $70,000 for a Diversity, Equity, and Inclusion musical in Ireland. I don’t know why Ireland would want to have a DEI musical, but, if they do, the Irish taxpayers ought to pay for it and not American taxpayers. 

    “It’s great to do this rescissions package. [I was] glad to hear Speaker Johnson reiterate today that we need to be doing more of this as we look at all of the discretionary spending that comes out of the federal government, and what do we do going forward. We’ve got a lot of work to do, not just on a discretionary side with rescissions, but obviously some of those automatic spending programs as well.”

    On other areas of the federal government that may be right for rescissions:

    “When we look across the discretionary course, the spending has grown so great since before Covid. If you look at going back to I believe 2019, our tax revenue has gone up. It’s gone up 46% or so, so we’ve got a lot more tax revenue coming in after we passed the Tax Cuts and Jobs Act in 2017. 

    “What we’ve seen is spending’s gone up 70%. Some of that was temporary spending, or should have been temporary spending in Covid, but now it’s gotten baked in and it’s continued on grant programs and other areas across multiple programs. We’ve got so many programs at the federal level that are redundant. You may have four or five different programs in two or three different agencies that are designed to target the same issue. So we’ve got lots of areas to look at that. 

    “DOGE did a great effort earlier this year in identifying some of those areas, but we need to have a constant look at that in terms of where do we spend money, where should we be spending money, and does it make sense to spend dollars at this point, particularly when we’re borrowing one out of five dollars that’s being spent.”

    On the tone of Democrats’ messaging to their voter base:

    “[Democrats] really are [tone deaf.] They don’t have a positive message. They don’t have something that they want America to be for. Basically the Democrat party has become a party of socialists. They’re looking at, ‘How can they make the government spend and dictate what other people do?’ 

    “For example, we look at the One Big, Beautiful Bill, I could talk about so many great provisions there. But their message out of the One Big, Beautiful Bill, that they oppose, is because they wanted to make sure that illegal immigrants got Medicaid. They wanted to make sure that people didn’t have to work at all for the Medicaid dollars that would be given to them to provide for their healthcare, [for] even as little as 20 hours a week, working in a job or getting an education or even in a volunteer role. And so, as they get more strident trying to talk against commonsense things, the American public is turning against them. 

    “When you look at the polling data that’s out there right now, of all Americans, [there is] 72% opposition to Democrats and the positions they’re taking in Congress. Even among Democrats, there’s a majority, 52% of Democrats are not happy that Democrats in Congress are not doing what should be done for America.”

    On Congressman Estes’ op-ed on the One Big, Beautiful Bill:

    “We talk a lot about the One Big, Beautiful Bill. There’s just so much positive things in there. A lot of it was centered around the tax provisions that we needed to extend after 2017, that were going to expire this year, and the results of provisions around border security and defense. But if you really peel some of the layers back and look at some of the details, there’s a whole lot of pro-family and pro-life provisions in there. 

    “What we really wanted to do is make sure that, for example, Medicaid funding was used not by Planned Parenthood to provide abortions. I mean we should have Medicaid to actually help people preserve and protect life and not end it. We wanted to make sure that families could raise their children … So we focused on increasing the Child Tax Credit for families and indexing it for inflation. We increased a tax credit for adoption for people to adopt families. That’s so important now when we see the birth rate dropping down to 11.7% per thousand. We need to have a continual growth in population to make sure that America continues to grow. 

    “You look at provisions like employer-funded childcare provisions. We wanted to make sure those were available. Permanent family and medical leave to help people who maybe have a temporary illness or an issue with their family. We wanted to make sure after these disastrous years of Bidenflation that people were able to raise their families and have the income to provide for their family.”

    MIL OSI USA News

  • MIL-OSI USA: House Passes Bilirakis-Soto Bill to Study Causes of Sinkhole Formation, Provide Public Information on Risk Zones

    Source: United States House of Representatives – Representative Gus Bilirakis (FL-12)

    The Sinkhole Mapping Act directs the USGS to conduct studies on mechanisms that potentially contribute to the triggering of sinkholes, as well as open a public website that displays maps depicting zones at greater risk of sinkhole formation-

    WASHINGTON, D.C. — The U.S. House of Representatives has passed HR 900, the Sinkhole Mapping Act, introduced by Representatives Gus Bilirakis (R-FL-12) and Darren Soto (D-FL-09). This bipartisan legislation directs the U.S. Geological Survey to conduct studies on the short- and long-term mechanisms that potentially contribute to the triggering of sinkholes, including extreme storm events, prolonged droughts leading to shifts in water management practices, as well as ongoing aquifer depletion, and other major changes in water use.

    “In recent years, we have seen throughout Tampa Bay how dangerous sinkholes can be for neighborhoods. To improve public safety and consumer protection, we need to study the causes and remedies of sinkholes while developing geological maps to delineate the highest risk areas for sinkholes to occur,” said Rep. Bilirakis.

    Rep. Soto delivered the following remarks on the House Floor: “I rise in strong support of H.R. 900, the Sinkhole Mapping Act—a bipartisan piece of legislation with my fellow Floridian, Gus Bilirakis.  You know, Mr. Speaker, sinkholes pose a huge problem for Florida and many states, yet we don’t have a comprehensive mapping system to help first responders and community planners as was mentioned by our Chairman, Chairman Westerman.  And thank you for agending this bill today, sir.  It costs over $300 million a year.We see in Florida, homes, and community centers, and businesses be affected by this.  And so, having a database that displays potential sinkholes in our Sunshine State and across the nation would absolutely be critical.And that’s what this bill does—directs the U.S. Geological Survey to study the short and long-term mechanisms that trigger sinkholes. This includes extreme storms, prolonged droughts, shifts in water management practices, ongoing aquifer depletion, other major water uses.And it’s all about having a public website displaying maps depicting zones at greater risk of sinkhole formation, helping with communities, helping save lives, and getting us to have more resilient communities.”

    Currently, there is no database displaying all sinkholes in Florida. This presents challenges not just for land developers and residents but also for community planners and first responders. The Sinkhole Mapping Act also directs the USGS Director to open a public website that displays maps depicting zones at greater risk of sinkhole formation, giving community planners and first responders access to critical information.  The Sinkhole Mapping Act now awaits a vote in the Senate.  In addition to Reps. Soto and Bilirakis, the bill was co-sponsored by Florida Reps. Kathy Castor (D-FL-14), Maxwell Frost (D-FL-10), and Frederica Wilson (D-FL-24), as well as Reps. Wesley Bell (D-MO-01), Jim Costa (D-CA-21), Brian Fitzpatrick (R-PA-01), and Josh Harder (D-CA-09).

     

     

    MIL OSI USA News

  • MIL-OSI USA: Huffman Demands Answers from President Trump Over Mishandling of Grand Canyon Wildfire

    Source: United States House of Representatives – Congressman Jared Huffman Representing the 2nd District of California

    Huffman also calls for independent investigation, accountability over catastrophic wildfire response

    July 21, 2025

    Washington, D.C. – Today, Natural Resources Ranking Member Jared Huffman (D-Calif.) wrote to President Trump demanding answers on the catastrophic federal response to the Dragon Bravo Fire, which has torn through the North Rim of Grand Canyon National Park. 

    The blaze, which ignited on July 4, was allowed to burn under “managed fire” protocols for days despite record-high heat, extreme drought, and volatile conditions — ultimately destroying the historic Grand Canyon Lodge and other irreplaceable park infrastructure. 

    In a letter sent to President Trump today, Huffman made clear that the consequences of this failure fall squarely on the President and his top officials.

    “As you have insisted in many, many other cases, the ultimate responsibility for policy decisions lies with you and your appointees, not with career civil servants,” Huffman wrote. “Yet incredibly, we have not heard anything from you, or from Secretaries Burgum and Rollins about this massive fire and the destruction it has wrought [on] one of America’s most iconic national parks.”

    Huffman pointed to the administration’s top-down proposal to consolidate all federal wildfire response under the Department of the Interior as a cause for alarm.

    He wrote: “While managed fire practices are a necessary tool in many circumstances… it appears they were clearly the wrong approach in this case given the exceptionally hot, dry, and volatile conditions on the ground.”

    In the letter, Huffman calls for detailed documentation and internal communications related to the fire, as well as answers to five key questions about when federal leadership was notified, how frequently they were updated, and whether firefighting resources were requested or withheld.

    “Rebuilding infrastructure at the North Rim will take years and cost hundreds of millions of dollars. There is a clear need to examine the decision-making process to understand how this was allowed to happen.”

    Huffman also sent a letter to the Office of Inspector General of the Interior and Agriculture Departments urging an independent investigation into the administration’s failure. He raised concerns about political interference and called for a full accounting of who knew what, when — and why the fire was allowed to burn in such a high-risk environment.

    Ranking Member Huffman requested a full response from the administration by Monday, August 4, 2025.

    Read the full letter to the President here.

    Read the full letter to the OIG here.

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    MIL OSI USA News

  • MIL-OSI USA: ICE Rio Grande Valley investigation results in the sentencing of convicted human smuggler for possessing images of sexual assaults of young children

    Source: US Immigration and Customs Enforcement

    McALLEN, Texas — A south Texas man was sentenced to 20 years for possessing images of sexual assaults of prepubescent children following an investigation conducted by U.S. Immigration and Customs Enforcement Homeland Security Investigations Rio Grande Valley Child Exploitation Task Force with assistance from U.S. Border Patrol, Raymondville Police Department and Willacy County Sheriff’s Office.

    Jose Rodriguez Jr, 44, from Lyford, Texas, was sentenced July 16 by U.S. District Judge Drew Tipton to 240 months. At the hearing, the court heard additional information detailing Rodriguez’s prior conviction of aggravated sexual assault of a child. In handing down the prison term, the court noted Rodriguez’s conduct in that case, which involved tying up his 9-year-old victim before attempting to sexually assault her and tying up an 8-year-old witness, was a consideration for an upward departure. The court also heard Rodriguez downloaded child pornography files on 20 separate occasions, beginning only six months after he was released from his 13-year sentence for the aggravated sexual assault of a child conviction. The court noted the need to protect the public from Rodriguez’s crimes and highlighted that Rodriguez had a complete lack of remorse for his actions.

    “Homeland Security Investigations remains unwavering in its mission to protect children from exploitation. This 240-month sentence demonstrates the severe consequences for those who engage in child pornography crimes. HSI will continue to work with our partners to ensure offenders are brought to justice and vulnerable victims are safeguarded,” said ICE HSI Rio Grande Valley Deputy Special Agent in Charge Mark Lippa.

    “Those who sexually assault children, possess child sexual abuse material, or smuggle human beings like some sort of commodity, are all imbued with a common trait:  total disdain for the inherent value and dignity of a human being. The defendant here had a history of doing all three,” said U.S. Attorney Nicholas J. Ganjei. “Fortunately, SDTX prosecutors were successful in advocating for the maximum possible sentence in this case, that of 20 years, so Mr. Rodriguez will now have two decades to reflect on his conduct. I thank the jury for their time and attention in this important case.”

    The jury deliberated for approximately 15 minutes before finding Jose Rodriguez Jr. guilty after a one-day trial April 15.

    According to court documents, Rodriguez was further ordered to pay restitution to known victims and will serve the rest of his life on supervised release following the completion of his prison term. During that time, he will have to comply with numerous requirements designed to restrict his access to children and the internet. Rodriguez will also be ordered to register as a sex offender.

    Law enforcement originally arrested Rodriguez Aug. 12, 2024, in connection with an alien transportation event. At that time, they seized his phone and discovered over 150 images and videos of child sexual abuse material.

    During the trial, the jury heard testimony and evidence regarding the multiple images and videos of child sexual abuse material downloaded and stored on Rodriguez’s phone over multiple months. The evidence included numerous files depicting the sexual assaults of prepubescent children.

    The defense attempted to convince the jury that a virus downloaded the child sexual abuse material onto his phone. However, evidence showed that Rodriguez had over 100 user accounts on the phone linked to him and that the child sexual abuse material was downloaded on 20 separate occasions from April through August of 2024.

    The jury also heard from a computer forensic expert who rendered an opinion that the pattern of activity indicated intentional downloading.

    Rodriguez was charged in a separate case for the human smuggling event and later pleaded guilty. He was sentenced to 16 months in prison and two years of supervised release in that case.  

    He will remain in custody pending transfer to a Federal Bureau of Prisons facility to be determined in the near future.

    Assistant U.S. Attorneys Devin Walker and Jose Garcia from the Southern District of Texas prosecuted the case.

    MIL OSI USA News

  • MIL-OSI USA: HARRISBURG – Shapiro Administration Highlights Summer Food Program to Help Feed Kids During Summer Months

    Source: US State of Pennsylvania

    July 22, 2025Harrisburg, PA

    ADVISORY – HARRISBURG – Shapiro Administration Highlights Summer Food Program to Help Feed Kids During Summer Months

    Department of Education (PDE) Acting Secretary Dr. Carrie Rowe and Department of Human Services (DHS) Special Assistant to the Secretary Catherine Stetler will highlight how summer food programs like SUN Bucks are keeping young Pennsylvanians fed during the summer months when many aren’t able to access meals at school. As part of the event, DHS and PDE will join partners from Feeding Pennsylvania and the Central Pennsylvania Food Bank to help serve lunch at a Susquehanna Township Summer Food Service location where children can receive meals while school is on summer break.

    SUN Bucks is a federally-funded summer food program that issues households a one-time $120 benefit per eligible children that can be used to purchase fresh food and groceries at retailers across Pennsylvania.

    Now in its second year, SUN Bucks provides households with a SNAP-like benefit to purchase food during the summer months when school is not in session. Most eligible children will receive the benefit automatically and do not need to apply. For those not automatically eligible, SUN Bucks applications are open through August 31st for summer 2025 benefits. Families can use the SUN Bucks Eligibility Navigator to see if they need to complete a paper or online application.

    WHO:
    PDE Acting Secretary, Dr. Carrie Rowe
    DHS Special Assistant to the Secretary Catherine Stetler
    Central PA Food Bank President, Shila Ulrich
    Feeding PA CEO Chief Executive Officer, Julie Bancroft

    WHEN:
    Tuesday, July 22, 2025,11:00 AM

    WHERE:
    Veteran’s Park Pavilion,1955 Elmerton Ave, Harrisburg, PA 17109

    MEDIA RSVP:
    Press interested in attending must RSVP with the name of photographer/reporter to ra-pwdhspressoffice@pa.gov.

    MIL OSI USA News

  • MIL-OSI USA: YORK COUNTY – Shapiro Administration and PUC to Announce 2 Gigawatts of Solar Power Generation Installed in Pennsylvania

    Source: US State of Pennsylvania

    July 22, 2025Lewisberry, PA

    ADVISORY – YORK COUNTY – Shapiro Administration and PUC to Announce 2 Gigawatts of Solar Power Generation Installed in Pennsylvania

    The Pennsylvania Department of Environmental Protection (DEP), Pennsylvania Department of Natural Resources and Conservation (DCNR), and the Pennsylvania Public Utilities Commission (PUC), will converge on Gifford Pinchot State Park, in the Quaker Race Day Use Area, on Tuesday, July 22, 2025, to announce the installation of two gigawatts of solar power energy generation in Pennsylvania.

    The current two gigawatts (2,000,000,000 watts) of installed solar generation in Pennsylvania is enough to power nearly 350,000 homes.

    WHAT: DEP Secretary Jessica Shirley, DCNR Deputy Secretary Mike Walsh, and PUC Commissioner Stephen DeFrank will hold a press conference to announce two gigawatts of solar power generation in Pennsylvania.

    WHEN:
    Tuesday, July 22, 2025: 1:30 PM

    WHERE:
    Gifford Pinchot State Park
    Quaker Race Day Use Area
    Lewisberry, PA 17339

    MEDIA CONTACT: Tom Decker, thomadecke@pa.gov// 814-332-6615

    For more information, visit the Pennsylvania Department of Environmental Protection’s website, or follow DEP on Facebook, X (formerly Twitter), or LinkedIn.

    MIL OSI USA News

  • MIL-OSI USA: ICYMI: De La Cruz and Miller Deliver Aid to South Texas

    Source: United States House of Representatives – Monica De La Cruz (TX-15)

    ICYMI: Washington, DC – Congresswoman Monica De La Cruz (TX-15) and Texas Department of Agriculture Commissioner Sid Miller held a joint press conference in Mission, Texas, to announce the delivery of drought relief funding through the 1944 Water Treaty Agricultural Assistance Program. 

    Watch Congresswoman De La Cruz’s full remarks here.

    “The $280 million in funding is critical for Texas farmers and ranchers after suffering severe losses due to the Government of Mexico’s refusal to comply with the 1944 Water Treaty. I am proud to have secured these funds and deliver solutions for the families, businesses, and communities that rely on Texas agriculture to thrive.” – Congresswoman Monica De La Cruz

    “This $280 million is a lifeline, and I am proud to partner with Congresswoman Monica De La Cruz to help agriculture producers along the Rio Grande stay in business, pay their bills, and keep putting food on our tables. Congresswoman De La Cruz, her staff, and my agency have worked tirelessly to deliver this much-needed relief, and we are thrilled to announce that it’s finally here.” – Texas Department of Agriculture Commissioner Sid Miller

    “The delivery of $280 million in drought assistance to South Texas will provide much-needed relief to farmers and ranchers in the Valley who have suffered from Mexico’s repeated refusal to provide the water it owes under the Water Treaty. I was proud to work alongside Secretary Rollins and lead several of my colleagues from Texas in the mission to secure this funding, and I look forward to continuing to partner with the Trump administration and state leaders to provide every resource necessary for our agriculture community.” – Senator John Cornyn

    Background: 

    The Texas Department of Agriculture’s 1944 Water Treaty Agricultural Assistance Program provides $280 million in essential aid to farmers and ranchers in the Rio Grande Valley affected by Mexico’s continued failure to supply water as mandated by the 1944 Water Treaty.

    The funds are part of a $280 million grant agreement between the Texas Department of Agriculture (TDA) and the U.S. Department of Agriculture (USDA), secured through legislation De La Cruz included in the American Relief Act. This legislation authorized USDA Secretary Brooke Rollins to allocate emergency aid to South Texas producers who have suffered severe financial losses due to the Mexican government’s failure to meet water delivery obligations.

    The funds are expected to be delivered this week.

    MIL OSI USA News

  • MIL-OSI USA: Kamlager-Dove, Los Angeles Leaders Sound the Alarm: Defunding Planned Parenthood Would Lead to a Public Health Crisis

    Source: United States House of Representatives – Congresswoman Sydney Kamlager California (37th District)

    LOS ANGELES, CA – Today, Congresswoman Sydney Kamlager-Dove (CA-37), Board Co-Chair of Planned Parenthood L.A., led leaders from across Los Angeles County, including L.A. County Supervisor Holly J. Mitchell and Director of L.A. County Public Health, Dr. Barbara Ferrer, in sounding the alarm on the looming public health crisis that would be triggered by federal defunding of Planned Parenthood. A livestream of the press conference is available here.

    Earlier this month, President Trump signed a budget reconciliation bill that includes a provision to “defund” Planned Parenthood health centers nationwide. Planned Parenthood Federation of America (PPFA) filed a lawsuit challenging the law and its unconstitutional, politically motivated attack on local health centers’ ability to provide care. A federal judge issued a temporary restraining order that is set to expire today.

    “We refuse to stand by while the Trump Administration dismantles our health care system and further erodes our reproductive rights,” said Rep. Sydney Kamlager-Dove, Planned Parenthood Los Angles Board Co-Chair. “Because they couldn’t eradicate abortion through Dobbs, they snuck a backdoor abortion ban into their Big Ugly Bill to target providers and threaten their ability to offer care. Make no mistake, California will remain a beacon of reproductive freedom. We will not be intimidated, we will not be silenced, and we will continue to fight—for Planned Parenthood, for providers, and for every patient who depends on them.”

    “Stripping Medicaid funding from Planned Parenthood doesn’t just threaten clinics, it threatens people. Forcing clinics to shut down is a direct assault on the health and well-being of Black and Brown communities, low-income families, and others for whom Planned Parenthood is their only source of health care,” said L.A. County Supervisor, Holly Mitchell.
     
    “Planned Parenthood plays a vital role in advancing health equity across Los Angeles County. With 24 health centers serving over 260,000 patient visits each year, many in communities that have long been medically underserved, Planned Parenthood serves as a trusted, valued, and essential health care provider,” said Dr. Barbara Ferrer, Director of Los Angeles County’s Department of Public Health.  “By singling out Planned Parenthood, the federal government is disrupting the delivery of high-quality medicine and the primacy of the provider-patient relationship for thousands of people across Los Angeles. Sadly, this short-sited politically motivated move by the federal government will deepen longstanding health inequities and threaten the well-being of so many.”
     
    “Losing access to Planned Parenthood health centers would be not just be a disaster for public health, but also for the young people, women and families who rely on our services to determine the course of their own futures. My message to every Planned Parenthood Los Angeles patient is this: Our doors stay open, and care continues. We’ve been honored to serve this community for 60 years – and we have no intention of going anywhere,” said Sue Dunlap, President and CEO of Planned Parenthood Los Angeles.

    Like any other health care provider, Planned Parenthood is reimbursed for services provided to patients. Defunding means that Planned Parenthood health centers will not receive federal reimbursement for care provided to patients who use Medicaid for their health coverage. More than 80% of Planned Parenthood’s patients in California rely on Medi-Cal, the state Medicaid program, to access birth control, cancer screenings, STI testing and treatment, and more.

    Sadly, we already know where federal defunding of Planned Parenthood will lead. Cancers will go undetected, the STI crisis will worsen, wellness exams and preventative care will substantially decline, and it will be harder than ever for people to access birth control.

    Moreover, people will forgo essential health care and instead turn to already overcrowded emergency rooms for what could have been routine appointments. These are real concerns in Los Angeles, where stark health inequities and stubborn gaps in reproductive health access persist.

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    MIL OSI USA News

  • MIL-OSI USA: Cammack, Torres Launch NextGen 911 Caucus

    Source: United States House of Representatives – Congresswoman Kat Cammack (R-FL-03)

    Washington, DC — Today, Representatives Kat Cammack (R-FL-03) and Norma Torres (D-CA-35) officially launched the Congressional NextGen 911 Caucus for the 119th Congress with a visit to the District of Columbia’s Office of Unified Communications to meet with public safety telecommunicators.

    As the only bipartisan, bicameral organization in Congress focused exclusively on 911 emergency communications, the NextGen 911 Caucus plays a critical role in educating lawmakers, constituents, and communities on the importance of modern, reliable, and responsive emergency response systems.

    “When you call 911, it’s often one of the worst moments of your life. That’s why it’s critical that our response system is fast, reliable, and built for the 21st century. The ability to text 911, send video, and deliver critical information to first responders before they arrive saves lives,” said Congresswoman Cammack. “As Co-Chair of the NextGen 911 Caucus, I’m committed to ensuring that all Americans—whether they live in a rural town or a major city—have access to a modern, responsive system.”

    “Public safety telecommunicators are the unsung heroes on the frontlines of every emergency,” said Congresswoman Norma Torres. “As a former 911 Dispatcher for 17 years, I know there is a lot of work needed to highlight and strengthen our 911 systems nationwide. That’s why I am proud to be the co-chair of the NextGen 911 Caucus. As we work to modernize our emergency response systems, it’s imperative that we give these professionals and the systems they rely on the support they deserve.”

    Background:
    Public safety telecommunicators (PSTs) serve in more than 6,000 call centers nationwide. They are often the first voice a person hears in an emergency—coordinating responses from law enforcement, fire departments, and emergency medical services. Beyond their daily lifesaving efforts, they often serve as critical witnesses in court proceedings and high-profile investigations.

    However, America’s 911 systems are facing unprecedented challenges: from outdated technology and staffing shortages to increasing call volumes and evolving threats. The NextGen 911 Caucus is committed to ensuring federal support keeps pace with these demands by promoting advanced communication technologies, including text-to-911, real-time data sharing, and improved interoperability between agencies.

    Members of the caucus include: Gus Bilirakis (R-FL), Rosa DeLauro (D-CT), Richard Hudson (R-NC), Doris Matsui (D-CA), Robert Aderholt (R-AL), Vern Buchanan (R-FL), Brandon Gill (R-TX), James Comer (R-KY), Joe Courtney (D-CT), Suzan DelBene (D-WA), Lloyd Doggett (D-TX), Brian Fitzpatrick (R-PA), Brett Guthrie (R-KY), Jim Himes (D-CT), Jared Huffman (D-CA), Glenn Ivey (D-MD), Rick Larsen (D-WA), John B. Larson (D-CT), Zoe Lofgren (D-CA), Jim McGovern (D-MA), Kweisi Mfume (D-MD), Frank Pallone (D-NJ), Brittany Pettersen (D-CO), Jamie Raskin (D-MD), Mike Rogers (R-AL), John Rutherford (R-FL), Mike Simpson (R-ID), Mike Thompson (D-CA), Marc Veasey (D-TX), Tim Walberg (R-MI), Frederica Wilson (D-FL), and Joe Wilson (R-SC).

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    MIL OSI USA News

  • MIL-OSI Canada: Minister Dabrusin to make an announcement in Vancouver to highlight the importance of empowering young Canadians to address climate change and support a healthy environment

    Source: Government of Canada News

    Yellowknife, Northwest Territories – July 21, 2025 – Media representatives are advised that the Honourable Julie Dabrusin, Minister of Environment and Climate Change, will make an announcement in Vancouver to highlight the importance of empowering young Canadians to address climate change and support a healthy environment. She will be joined by Ross Beaty, Board Chair of BC Parks Foundation.

    Event: Announcement and media availability
    Date: Tuesday, July 22, 2025
    Time: 9:00 a.m. (PDT)
    Location: General Wolf Elementary School
    4251 Ontario Street
    Vancouver, British Columbia

    To be made aware of any changes, media representatives are encouraged to register for this in-person event by contacting Environment and Climate Change Canada’s Media Relations at media@ec.gc.ca.

    MIL OSI Canada News

  • MIL-OSI Canada: Regrowing Alberta’s Forests

    Source: Government of Canada News

    July 21, 2025
    Calgary, Alberta
    Natural Resources Canada

    The Government of Canada, together with Indigenous communities, private and non-profit sector leaders, and provincial partners, is taking action to regenerate Alberta’s forests — protecting clean air and preserving the province’s vast natural landscapes for generations to come.

    Today, Corey Hogan, Parliamentary Secretary to the Honourable Tim Hodgson, Canada’s Minister of Energy and Natural Resources, announced, in collaboration with Project Forest, The Carbon Farmer and FIND Biomass Inc, a joint investment of over $125 million for four projects that will plant 12 million trees and restore critical habitat for species at risk throughout Alberta, such as caribou.

    Investments will help to create and restore biodiverse forests and wildlife habitat and sequester carbon while creating seasonal and full-time jobs for surrounding communities in Alberta. We are not just planting trees — we are building a stronger, healthier and more-resilient Canada.

    MIL OSI Canada News

  • MIL-OSI Canada: Backgrounder: Regrowing Alberta’s Forests

    Source: Government of Canada News

    On July 21 2025, Corey Hogan, Parliamentary Secretary to the Honourable Tim Hodgson, Canada’s Minister of Energy and Natural Resources, announced a joint investment of over $125 million for four projects that will plant 12 million trees and restore critical habitats for species at risk throughout Alberta.

    Under Canada’s 2 Billion Trees (2BT) Program, the following projects are receiving funding:

    Project name: Alberta Afforestation
    Recipient: The Carbon Farmer
    Location: Peace Country, Alberta
    Funding amount: $13,797,079
    Description: The Carbon Farmer is spearheading a new initiative — Alberta Afforestation — to plant trees across Alberta’s Peace Country, transforming previously cleared agricultural lands into thriving forests on private properties. Working with local farmers and surrounding forest communities, this project will plant over six million trees, create numerous seasonal and full-time jobs for farmers and local professionals, increase wildlife habitat and sequester carbon.

    Project name: Rewilding Canada: Planting Diverse Forests in Partnership with First Nations, Conservation Groups and Research Institutions
    Recipient: Project Forest
    Location: various sites, Alberta
    Funding amount: $2,933,621
    Description: This project aims to transform former agricultural lands into biodiverse forests. By restoring these landscapes, the initiative will deliver a wide range of benefits to Indigenous communities, including:

    • one million new trees planted on various sites across Alberta, including the Siksika Nation reserve;
    • improved soil health, increased biodiversity and restoration of wildlife habitats, including Elk habitats; 
    • support for Indigenous land stewardship, reclamation of cultural heritage and preservation of Indigenous Knowledge; 
    • 10–15 jobs annually in remote communities; and 
    • training opportunities for youth through a partnership with the University of Alberta.

    Project name: High Yield Afforestation
    Recipient: First Indigenous Biomass Future Inc.
    Location: Cardiff, Alberta
    Funding amount: $558,968
    Description:  First Indigenous Biomass Inc., an Indigenous-owned company, is driving forward its project, which is set to plant over 100,000 trees across 65 hectares near Cardiff, revitalizing the land and contributing to long-term environmental and community resilience. The project will:

    • establish a new forest;
    • create jobs for Indigenous women and youth; and
    •  sequester carbon.

    Project name: Caribou Habitat Recovery Program
    Recipient: Government of Alberta
    Location: various sites, Alberta
    Funding amount: $83,718,501
    Description: Through a new agreement between Canada and Alberta, the province is expanding its Caribou Habitat Recovery Program — taking action to reduce habitat fragmentation and support the long-term recovery of caribou populations across Alberta. This expansion will: 

    • plant nearly five million new trees by 2030; 
    • restore vegetation within the 15 caribou ranges in the province; 
    • increase forest resiliency and wildlife diversity and protect species at risk; 
    • create jobs and training opportunities for rural and Indigenous communities; and 
    • support local cultural and spiritual activities, including food collection.

    MIL OSI Canada News

  • MIL-OSI USA: Rep. Norcross Hosts More Than 100 Federal, State, and Local Services at 8th Annual Constituent Services Fair

    Source: United States House of Representatives – Congressman Donald Norcross (1st District of New Jersey)

    CHERRY HILL, NJ — Today, Congressman Donald Norcross (NJ-01) hosted representatives from more than 100 federal, state, and local agencies and nonprofits at Camden County College for his 8th Annual Constituent Services Fair. Hundreds of constituents who need assistance on issues ranging from federal programs like Medicare to local rent relief attended. 

    “My annual Constituent Services Fair acts as a one stop shop for South Jerseyans who are in need of assistance. The Constituent Services Fair serves as a reminder that my office is available all year round for help with a wide array of issues ranging from passport renewals to VA benefits,” said Congressman Donald Norcross. “With our breakout sessions on Medicare, Social Security, and homebuying, we connect people directly with resources to help them access basic needs like healthcare, housing assistance, and so much more. If you or someone you know is in need of help, don’t hesitate to contact our office at (856) 427-7000. I’m honored to serve you.” 

    During the fair, Congressman Norcross and his staff hosted breakout sessions on Medicare, Social Security, and Homebuyer Assistance, and answered questions from constituents about these programs. Representatives from Medicare and Medicaid Services, Philadelphia Passport Agency, U.S. Small Business Administration, Camden County Office of Economic Opportunity, New Jersey Board of Public Utilities, Camden and Gloucester County Health Departments, and South Jersey Legal Services were also in attendance.  

    Congressman Donald Norcross and his staff are available to help constituents with issues related to veterans benefits, housing assistance, Medicare and healthcare services, immigration, the Small Business Administration, Social Security, IRS, and senior services. If you have a question or are in need of help with a problem related to these agencies, please contact our office at (856) 427-7000 or visit our website at norcross.house.gov.  

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    MIL OSI USA News