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Category: Commerce

  • MIL-OSI USA: HHS, FDA Praise Consumer Brands Association’s Vow to Remove Artificial Colors from America’s Food Supply

    Source: US Department of Health and Human Services – 3

    For Immediate Release:
    July 22, 2025

    WASHINGTON – Today the leadership of the U.S. Department of Health and Human Services (HHS) praised the Consumer Brands Association for its pledge on behalf of the makers of the nation’s food and beverage products to remove certified Food, Drug & Cosmetic (FD&C) petroleum-based colors from America’s food supply. With support from the Trump Administration, this pledge urges member companies to stop manufacturing with FD&C colors by December 31, 2027.
    President Trump, Health and Human Services Secretary Robert F. Kennedy, Jr. and U.S. Food and Drug Administration Commissioner Dr. Marty Makary have made the removal of artificial colors a priority. This pledge is another example of the Trump Administration and industry working together to bring results quickly to the American people.
    “America is entering a new era of nutrition,” said Secretary Kennedy. “In just a few months, the nation’s leading food and beverage producers have taken bold steps to clean up products loved by children and families. Replacing synthetic food dyes with natural colors marks another major victory in our mission to Make America Healthy Again.”
    “Promises made, promises kept,” said FDA Commissioner Makary. “We’ve worked hard with industry over the past three months to meet our goal to phase out all petroleum-based dyes from the nation’s food supply. During this time, the FDA also approved four new natural color additives. Today is a win for America’s kids.”
    Consumer Brands Association recently announced a voluntary commitment to remove FD&C colors from foods served in schools nationwide by the start of the 2026-2027 school year. Through today’s voluntary commitment they are agreeing to eliminate the use of FD&C Blue No. 1, Blue No. 2, Green No. 3, Red No. 40, Yellow No. 5, and Yellow No. 6 from their product portfolios.

    Consumer:888-INFO-FDA

    ###

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    The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation’s food supply, cosmetics, dietary supplements, radiation-emitting electronic products, and for regulating tobacco products.

    Content current as of:
    07/22/2025

    Follow FDA

    MIL OSI USA News –

  • MIL-OSI Economics: Windows 11 is the home for AI on the PC, with more experiences available today

    Source: Microsoft

    Headline: Windows 11 is the home for AI on the PC, with more experiences available today

    AI is changing the way we use our PCs. According to a new consumer AI report commissioned by Microsoft, nearly 60% of people report using generative AI for work and business purposes in the past year. Even more (64%) report using AI for hobbies and personal interests like art, music and DIY projects.

    As the world adapts to this new era of AI infused with daily life, Windows is here to meet you where you are, with intuitive experiences built in to make what you already do on your PC even easier.

    Windows 11 is the home for AI, offering the most expansive and capable AI experiences for consumers today on Copilot+ PCs—with exclusive AI superpowers like Recall (preview), Click to Do (preview) and improved Windows search, as well as groundbreaking new ways to interact with your PC, like Copilot Vision on Windows, all available now.

    Today, we continue to make new experiences generally available for Windows 11 and Copilot+ PC users that make Windows more intuitive, more accessible and ultimately more useful.

    Read on to discover what’s available and how to get started using these experiences today.

    Changing Windows Settings has never been easier, with Windows’ first agent

    It’s never been easier to adjust your settings in Windows. Now on Copilot+ PCs, you can use your own words in the settings search box to describe something you’d like to change, and instantly get recommendations, including actions to adjust the relevant setting with one click.

    This is made possible through the new agent in Settings, Windows’ first agent optimized for Copilot+ PCs.

    Hundreds of settings across displays, connectivity, accessibility and much more are now customizable through the agent in Settings, with the ability to enable or undo any setting you change.

    To use the agent in Settings:

    1. Open Settings from the Taskbar or Start Menu
    2. Type in the Settings search box what you want to change using your own words, such as “I want to enable quiet hours” or “connect Bluetooth device.” For some settings, you can even make specific requests, such “change my resolution to 1920×1080.”
    3. If the agent can make the change, it will offer an option to complete the action to change the setting, as well as an option to undo any setting you change.
    4. When settings are unable to be adjusted by the agent, improved Windows search will surface relevant settings to help you get closer to what you’re looking for, faster.

    The agent in Settings begins to become available starting today for Windows customers using English on Snapdragon-powered Copilot+ PCs, with availability on Intel and AMD devices coming at a later datei.

    Learn more about how you can use Settings agent and other Windows features like Copilot Vision on Windows to troubleshoot your PC.

    Do even more with Click to Do (preview)

    Click to Do keeps you in the flow to get things done faster, providing contextual actions to text and images on your screen.

    After invoking Click to Do, relevant text or visual actions will appear that include the ability to prompt Copilot, search the web, create bulleted lists, start a draft of a document or email, or even schedule a Teams meeting—all without leaving your current window.

    New actions available starting today includeii:

    • Practice in Reading Coachiii is a new Click to Do text action that helps you improve reading fluency and pronunciation. Select text on your screen, choose Practice in Reading Coach, and read the text aloud. Reading Coach gives you feedback and shows where to improve.
    • Read with Immersive Reader is a new text action in Click to Do that displays text in a focused, distraction-free environment. It helps improve reading and writing for all skill levels and abilities. You can adjust text size, spacing, font and background theme, have text read aloud, break words into syllables and highlight parts of speech. The picture dictionary shows images for unfamiliar words.
    • Draft with Copilot in Wordiv is a new text action enabling you to quickly turn any recognized text into a full draft. Whether it’s a sentence in an email or a snippet on your screen, press Win + Click on the recognized text, then select Draft with Copilot in Word. No more blank pages. No more writer’s block. Just momentum.
    • Click to Do now supports actions through Microsoft Teams. When you select an email address recognized by Click to Do on your screen, you can choose to send a Teams message or schedule a Teams meeting. These options make it easy to ask a question or set up time to talk without interrupting your workflow.

    To get started with Click to Do:

    1. Press the Windows key + mouse click, Windows key + Q, or access through the Start menu and Snipping Tool.
    2. Click to Do also supports hardware-specific options like double clicking your pen on your pen-capable device or swiping from the right with your pen or finger on your touch screen.
    3. Learn more about all the ways you can use Click to Do to get more done on your Copilot+ PC.

    Photos relight brings professional lighting controls to your pictures

    Relight in the Photos app brings professional lighting controls to your snapshots. Open any image in Photos, select Edit > Relight, and then click to place up to three virtual light sources around your subject.

    Adjust each light’s intensity, color and position with simple sliders, or choose from built-in presets like “Studio Portrait” and “Cinematic Glow.”

    To use relight in Photos:

    1. Open the Photos app and select the image you want to relight.
    2. Select Edit, then select Relight from the available options.
    3. Choose one of the lighting presets, and optionally customize each light’s location, brightness, softness or color, and the overall intensity of the effect.

    Learn more about tips to get the most out of your photos.

    This feature is available now on Copilot+ PCs with Snapdragon X Series processors, with support for Copilot+ PCs powered by Intel and AMD coming soon.

    Paint adds even more creative capabilities with sticker generator and object select

    In May, we introduced multiple enhancements to elevate your creative experience, now available on Copilot+ PCs.

    Sticker generatorv is a new AI-powered feature in Paint that lets you create custom stickers by simply typing a prompt. To get started, click on the Sticker generator button in the Copilot menu. From there, you can type in a description of the sticker you want to create, like “a cat wearing sunglasses,” and hit the Generate button.

    Paint will then generate a set of unique stickers based on your prompt. Once the stickers are generated, you can click on any one of them to instantly apply it to your canvas, copy the sticker for use in other applications, or save it for later. To access your recently generated stickers, click on the new Stickers option in the Paint toolbar.

    We’re also releasing object select, a smart selection tool that uses AI to help you isolate and edit individual elements in your image. To get started, click on the Object select tool in the toolbar and simply pinpoint specific elements on the canvas to select and make edits instantly.

    To use the new updates in Paint:

    1. Open the Paint app.
    2. Explore the new welcome experience to learn more about features like Cocreator, generative erase, sticker generator, object select and Layers.
    3. Try out the new sticker generator and object select features.

    Be more productive with Snipping Tool perfect screenshot and color picker

    Snipping Tool’s screen capture and perfect screenshot capturing a specific area of the screen.

    We’ve also added two new features to Snipping Tool—perfect screenshot and color picker.

    Perfect screenshot is a new AI-powered feature exclusive to Copilot+ PCs that allows you to precisely capture content on your screen with the Snipping Tool app without the need to crop or resize it post-capture.

    To try Snipping Tool perfect screenshot:

    1. Invoke the Snipping Tool capture toolbar from within the app or by using the Print Screen keyboard shortcut.
    2. Select the Perfect screenshot button from the toolbar when in rectangle mode and start selecting a region of your screen.
    3. Once activated, perfect screenshot will intelligently resize based on the content in your selection. You can also quickly enable perfect screenshot by holding the Ctrl keyboard shortcut after invoking Snipping Tool while selecting a region of your screen.
    4. Move or edit the area before confirming your capture, ensuring you get the perfect screenshot every time!

    For all Windows 11 PCs, we have also added the ability to easily identify and capture colors seen on your screen through the introduction of color picker. Color picker is great for anyone who might need to quickly match a color you see on your screen as part of a project—whether that be designers, developers or everyday color aficionados.

    Snipping Tool’s color picker tool selecting a color on the screen to inspect.

    To try color picker in Snipping Tool:

    1. Invoke the Snipping Tool capture toolbar from within the app or by using the Print Screen keyboard shortcut.
    2. Select Color picker from the toolbar and then inspect or select a color code on your screen, choosing from HEX, RGB or HSL values. Need to be more precise? You can zoom by scrolling in on your pointer or using by using the Ctrl +/- keyboard shortcuts.

    Do more with Microsoft Copilot and Edge on Windows 11

    Copilot Vision on Windows, now available in the U.S., is a new way to engage with your Windows 11 PC. When you enable it, it can see what you see on your device and talk to you about it in real time.

    It acts as your second set of eyes, able to analyze content, help when you’re lost, provide insights and answer your questions as you go. Whether you’re browsing, working or deep in a project, Copilot Vision offers instant insights and answers.

    And with Highlights, you can go a step further and ask Copilot “show me how” for a specific task and it will show you within the app you’re in where to click and what to do. On Windows, Copilot can help you navigate multiple apps at once, including your full desktop, serving as a true companion to help you accomplish any task.

    To get started with Copilot Vision on Windows:

    1. Open the Copilot app and click the glasses icon in your composer.
    2. Select which browser window or app you want to share.
    3. Ask Copilot to help with whatever you’re working on. To stop sharing, press ‘Stop’ or ‘X’ in the composer. It’s a fully opt-in experience that always puts you at the controls.

    Microsoft Edge is also the only browser built for Windows, offering the most seamless PC browsing experience with AI-powered tools, productivity features, and built-in performance and security features that help you browse quickly and safely.

    With features like Edge Game Assist, now available on Windows 11vi, you can get tips and guides for many of the top PC games, easy access to essential sites like Discord, Spotify, and Twitch, and more — all right in your game.

    To use Edge Game Assist, simply press Win+G to open Game Bar and start using Microsoft Edge for a seamless and immersive gaming experience.

    Learn more about how you can get the most out of Edge on Windows.

    Making the unexpected easier with faster recovery 

    Unexpected restarts are frustrating, that’s why starting today, people will begin to experience several improvements that make this experience quicker and more user friendly so you can pick up right where you left off.

    With quick machine recovery, a new recovery mechanism for Windows 11 PCs, your PC will automatically detect and fix widespread issues during an unexpected restart using the Windows Recovery Environment (WinRE).

    We’ve also streamlined the unexpected restart experience, reducing the time users spend on the screen from 40 seconds to just 2 seconds for most consumer devices on Windows 11, version 24H2.vii

    As part of these changes, we also made an update to how our interface appears during an unexpected restart, introducing a simplified user interface (UI) that pairs with the shortened experience to display a more readable layout while keeping the technical details visible.

    Learn more about the changes to the unexpected restart experience here.

    Move forward with Windows 11

    From modern security to faster performance and the latest features and experiences, Windows 11 is built to help you work, play and create with ease. With support for Windows 10 ending on Oct. 14, 2025, we’re here to ensure your transition is smooth, secure and up to date.

    We understand that moving to a new PC can take time, and we’re here to support you throughout the process. The Windows 10 Extended Security Updates (ESU) program is designed to keep your current Windows 10 PC protected after support ends—helping you stay secure during the transition.

    Starting today, individuals will begin to see an enrollment wizard through notifications and in Settings, making it simple to select the best option for you and enroll in ESU directly from your personal Windows 10 PC.

    Learn more about Windows 10 end of support and explore the tools and resources available to help you transition with confidence.

    How to get these updates

    Over the next month, we will be gradually rolling out several of these features via controlled feature rollout (CFR) to consumers. Some of these experiences are available today via this month’s Windows non-security preview update, as well as updates available in the Microsoft Store.

    Consumers who would like to be among the first to experience new enhancements can simply go to Settings > Windows Update and turn on “Get the latest updates as soon as they’re available.” Then select “Check for updates” to download and install the most recent non-security preview release.

    Ensure that Microsoft Paint, Photos and Copilot applications are updated to the latest versions available.

    For a full list of features available via today’s Windows Update, learn more here.

    End notes:

    i Available now in most global markets on Copilot+ PCs with Snapdragon® X Series. Limited initially to English-language inputs. See aka.ms/copilotpluspcs processors.

    ii These Click to Do actions are not available in the European Economic Area.

    iii To use this feature, install the free Microsoft Reading Coach app from the Microsoft Store.

    iv For “Draft with Copilot in Word” – a Microsoft 365 Copilot subscription is required.

    v Optimized for English text prompts and requires a Microsoft account and internet connection to access cloud services that help ensure the responsible use of AI.

    vi Game Assist is available where Edge is available. Enhanced game content is available English-only at this time. Game Assist experience may also vary depending on game and geography.

    vii Source: Internal testing of Windows 11 memory dump write speed, October 2022.

    MIL OSI Economics –

  • MIL-OSI Economics: Introducing Surface Laptop 5G: Seamless connectivity, built for business

    Source: Microsoft

    Headline: Introducing Surface Laptop 5G: Seamless connectivity, built for business

    We’re excited to announce the expansion of our Surface Copilot+ PC portfolio for business customers. The new Surface Laptop 5G, 13.8-inch powered by Intel Core Ultra (Series 2) processors, will begin shipping Aug. 26, and the new Surface Laptop, 13-inch and Surface Pro, 12-inch are available starting today.[1]

    AI is every organization’s competitive edge—but only when it’s accessible the moment it’s needed. Surface Laptop 5G delivers that advantage with a 40+ trillion operations per second (TOPS) Neural Processing Unit (NPU) that powers fast, on-device intelligence, making everyday workflows more intuitive and efficient. Whether it’s staying focused in meetings, finding and acting on information faster, or reducing routine tasks, AI accelerates what matters most. With an integrated 5G modem, users stay continuously connected to Microsoft 365 Copilot[2] and other cloud tools, enabling deeper insights and real-time collaboration.

    Adding 5G to Surface Laptop has been one of the most requested features from our business customers. But the ask was never just about adding a modem—it reflected a deeper need to eliminate friction, with the ability to connect instantly, securely and reliably without worrying about signal strength or searching for a hotspot.

    Meeting that need was the driving force behind the design of Surface Laptop 5G. We set out to build the best 5G-connected laptop—one where connectivity fades into the background. Whether you’re a consultant joining a Teams call on a train, a field engineer uploading site data from the field or a sales leader finishing a proposal in a hotel lobby, Surface Laptop 5G keeps business moving wherever work happens.

    Surface Laptop 5G represents Microsoft’s end-to-end innovation in action. Hardware, software and cloud services come together to deliver intelligent, secure and connected experiences for today’s mobile workforce. The Surface for Business portfolio offers a complete solution for every user scenario, from tablet-first flexibility to high-performance laptops, all supported by Microsoft’s modern management and industry-leading security.

    Engineered for seamless 5G performance

    Adding 5G to Surface Laptop required more than just dropping in a modem. Every layer of Surface Laptop 5G was reengineered to deliver a seamless, reliable and secure experience, while preserving the design, performance and portability our customers expect.

    Dynamic antenna system

    At the heart of Surface Laptop 5G is a dynamic antenna system that continuously adapts to its environment. With six strategically placed antennas, the device automatically adjusts signal paths and power based on how it’s being held or used, ensuring strong, reliable connectivity exactly when and where it’s needed.[4] As users move between environments, the device seamlessly transitions between 5G and Wi-Fi networks, keeping a steady and secure connection to cloud-based apps, updates, and corporate resources. This innovative antenna design also enables Surface Laptop 5G to act as a mobile hotspot, securely sharing its 5G connection with other devices when Wi-Fi isn’t available.[3]

    Thoughtfully designed hardware

    Many laptops place antennas near the base, where signals are more likely to be blocked by objects or the user’s legs. Surface Laptop 5G was designed differently, with antennas strategically positioned higher on the device to reduce interference and maintain a strong, reliable and consistent connection.

    This design required a new material, one that allows radio signals to pass through without impacting performance, while still delivering the durability, premium feel and lightness our customers are looking for. We developed a custom multi-layered laminate that meets all of these needs, enabling reliable 5G performance without compromising portability or design.

    Surface Laptop 5G also includes both NanoSIM and eSIM options, integrated to preserve its slim profile while enabling global connectivity.[4] Weighing under 3 pounds, it is light and easy to carry across campuses, through airports or from meeting to meeting.

    Tested for the real world

    In Surface we don’t just simulate real-world use, we build for it. Surface Laptop 5G was tested in homes, apartments and active office environments replicating everyday scenarios. Moving between rooms, switching networks, multitasking and working from laps helped us fine-tune antenna placement, thermal performance and connectivity behavior to reflect how people actually work.

    To ensure global performance, the 5G hardware was field-tested with over 100 mobile operators across more than 50 countries. The result is reliable 5G connectivity that travels with your workforce around the world.[5]

    Secure and connected for smarter management

    With support for 5G built-in, Surface Laptop devices stay continuously connected, enabling IT to deliver security updates, enforce policies and access real-time insights, from almost anywhere. This integration is possible because Surface is engineered in partnership with Windows and Intune, combining hardware, software and cloud-based management into a unified Microsoft solution.

    IT can remotely deploy and manage eSIM profiles, allowing cellular connectivity to be preconfigured and pushed to enrolled Surface devices.6 Paired with Windows Autopilot, it enables a true zero-touch deployment experience where devices arrive fully configured, secured and ready to use.

    The Surface Management Portal within the Intune Admin Center provides centralized visibility into device health, compliance and usage across the Surface fleet. Now with Security Copilot integrated, IT can act faster with AI-powered tools to detect issues, assess risk and respond with greater confidence.

    For an extra layer of protection, the PanzerGlass Privacy Screen Protector helps safeguard on-screen information and can reduce the risk of visual data exposure when working in public spaces.[6]

    Surface is where Microsoft’s hardware, software and cloud come together to deliver an experience that’s easy to manage, safe to deploy and ready for AI from day one.

    A connected future, built for business

    Surface offers powerful protection that safeguards your data and privacy while enabling your employees to achieve more.

    Surface Laptop 5G joins a growing portfolio of Copilot+ PCs designed to meet the evolving needs of today’s workforce. With the Surface Pro for Business, 12-inch and Surface Laptop for Business, 13-inch now shipping, and Surface Laptop 5G arriving on Aug. 26, organizations have more choice than ever to modernize their device fleets with powerful, secure and AI-ready tools.

    When paired with Verizon’s secure, reliable 5G network, Surface devices unlock even greater productivity. The combination of Surface Copilot+ PCs, Microsoft 365 Copilot and high-speed mobile connectivity enables a seamless experience that helps businesses work easier and efficiently, in the office or out in the field. In the U.S., Surface for Business devices are available through a broad network of partners, including Verizon Business, with selected Verizon stores rolling out in the coming months.

    With support ending for Windows 10 PCs on Oct. 14, 2025, now is the time to begin the transition to a modern Windows experience—one that’s optimized for AI, secured by design and built for mobility.

    To learn more about the new Surface Laptop 5G, Surface Pro, 12-inch and Surface Laptop, 13-inch visit Surface.com/Business to find an authorized reseller, or visit the Microsoft Store. When you shop at Microsoft.com, you’ll get free shipping and an extended 60-day price protection and return window. For a deeper technical dive, see the Surface IT Pro Blog.

    [1] 5G will be available later in 2025 and only on specific SKUs of Surface Laptop for Business 13.8-inch | Intel, but not in all areas; compatibility and performance depends on carrier network, plan and other factors. See carrier for details and pricing.

    [2] Per user license sold separately; also requires eligible Microsoft 365 plan.

    [3] Mobile hotspot support may vary by country and/or carrier; additional fees may apply.

    [4] eSIM support and availability may vary by carrier and country.

    [5] Service availability and performance subject to service provider’s network. Contact your service provider for details, compatibility, pricing, SIM card and activation. See all specs and frequencies at surface.com. Availability of data plans for eSIM varies by market and by carrier.

    [6] Sold separately.

    MIL OSI Economics –

  • MIL-OSI USA: Last Day to Apply for Federal Assistance for April Storms

    Source: US Federal Emergency Management Agency 2

    strong>LITTLE ROCK, Ark. – Homeowners and business owners who had damage from the destructive storms, tornadoes and flooding in Arkansas in April have until 11:59 p.m. Tuesday, July 22, to apply for federal disaster assistance.
    Residents including homeowners, renters and business owners may apply for assistance if your home or business is in Clark, Clay, Craighead, Crittenden, Desha, Fulton, Greene, Hot Spring, Jackson, Miller, Ouachita, Pulaski, Randolph, St. Francis, Saline, Sharp or White County.
    In planning your recovery from the April 2-22 storms, give yourself the widest possible set of options. If you applied for damage or losses after the storms in March, you may apply again for FEMA assistance for uninsured property losses from the April storms. Previous FEMA aid does not affect eligibility for assistance. 
    Loans from the U.S. Small Business Administration also hold many benefits for survivors. SBA loans are not just for businesses. They are the largest source of federal disaster recovery funds for survivors. In a presidentially declared disaster, these long-term, low-interest loans are available to homeowners, renters, businesses of all sizes and nonprofit organizations including houses of worship.
    FEMA has many types of assistance available. FEMA may be able to help with basic home repair costs, personal property loss, and temporary housing while you are unable to live in your home. Repair or replacement assistance may be available for a primary vehicle, a computer damaged in the disaster, or books and other items required for school. 
    To apply for FEMA assistance, go to DisasterAssistance.gov, use the FEMA App for mobile devices or call the FEMA Helpline at 800-621-3362. Lines are open daily from 6 a.m. to 10 p.m. CT and specialists speak many languages. If you use a relay service, captioned telephone or other service, you can give FEMA your number for that service. To view an accessible video on how to apply, visit Three Ways to Apply for FEMA Disaster Assistance – YouTube.
    To apply or to download an SBA application, go to SBA.gov/disaster. You may also call SBA’s Customer Service Center at 800-659-2955 or email DisasterCustomerService@sba.gov.
    Survivors can also submit documents and speak to someone about their FEMA or SBA applications at several sites. To find locations and hours, visit fema.gov/disaster/4873, scroll to the bottom of the page and click the link under “In-person Survivor Assistance.”
    For the latest information about Arkansas’ recovery, visit fema.gov/disaster/4873. Follow FEMA Region 6 on social media at x.com/FEMARegion6 and at facebook.com/FEMARegion6

    MIL OSI USA News –

  • MIL-OSI USA: Hawley, Blumenthal Unveil Bipartisan Bill Empowering Working Americans to Sue Big Tech, AI Companies for Stealing Creative Works

    US Senate News:

    Source: United States Senator Josh Hawley (R-Mo)

    Monday, July 21, 2025

    Today, U.S. Senators Josh Hawley (R-Mo.) and Richard Blumenthal (D-Conn.) introduced bipartisan legislation to protect consumers’ data rights and hold Big Tech companies accountable for illegally pirating creators’ copyrighted works to train their artificial intelligence (AI) models.

    Senator Hawley’s legislation follows his recent Senate Judiciary Subcommittee hearing where he sounded the alarm on AI companies’ willful engagement in “the largest intellectual property theft in American history.”

    “AI companies are robbing the American people blind while leaving artists, writers, and other creators with zero recourse. It’s time for Congress to give the American worker their day in court to protect their personal data and creative works. My bipartisan legislation would finally empower working Americans who now find their livelihoods in the crosshairs of Big Tech’s lawlessness,” said Senator Hawley.

    “This bill embodies a bipartisan consensus that AI safeguards are urgent—because the technology is moving at accelerating speed, and so are dangers to privacy. Enforceable rules can put consumers back in control of their data, and help bar abuses. Tech companies must be held accountable—and liable legally—when they breach consumer privacy, collecting, monetizing or sharing personal information without express consent. Consumers must be given rights and remedies—and legal tools to make them real—not relying on government enforcement alone,” Senator Blumenthal said.

    Senators Hawley and Blumenthal have previously teamed up to put power back in the hands of users when it comes to Big Tech. Last Congress, they introduced a bipartisan framework to implement guardrails for AI that would protect consumers.

    The AI Accountability and Personal Data Protection Act will: 

    • Bar AI companies from stealing and training on copyright works. The bill safeguards individuals’ copyrighted materials from being used in AI training or AI-generated content without permission. 
    • Create a federal tort for data misuse. The legislation allows individuals to sue any person or company that appropriates, uses, sells, or exploits their personal data or copyrighted works without clear, affirmative consent. 
    • Provide transparency for creators. The bill requires companies to clearly disclose every third party that will access an individual’s data at the time consent is sought. 
    • Ensure robust remedies. The legislation provides for stiff financial penalties, injunctive relief, and protects the ability of individuals to sue in court and join class actions. 

    Read the full bill text here.

    MIL OSI USA News –

  • MIL-OSI USA: Lummis Releases Discussion Draft for Comprehensive Digital Asset Market Structure Legislation

    US Senate News:

    Source: United States Senator for Wyoming Cynthia Lummis

    Washington, D.C. –  U.S. Senator Cynthia Lummis (R-WY) joined Senate Banking Committee Chairman Tim Scott (R-SC) and U.S. Senators Bernie Moreno (R-OH) and Bill Hagerty (R-TN) in releasing a discussion draft of the Banking Committee provisions of comprehensive digital asset market structure legislation, building on principles developed in collaboration with Chairman Scott to establish a clear regulatory framework for the digital asset industry.

    “The time for regulatory uncertainty in the digital asset space has come to an end,” said Lummis. “This discussion draft represents a thoughtful, balanced approach that will provide the clarity our innovators need while providing robust consumer protections. We cannot allow regulatory confusion to continue driving American innovation overseas. Market structure legislation will establish clear distinctions between digital asset securities and commodities, modernize our regulatory framework, and position the United States as the global leader in digital asset innovation.”

    The discussion draft incorporates key principles designed to:

    • Establish Clear Legal Definitions: Create statutory distinctions between digital asset securities and commodities, providing regulatory certainty and predictability for market participants
    • Allocate Regulatory Authority: Clearly delineates jurisdiction between Federal agencies, ensuring appropriate oversight without regulatory overlap or gaps
    • Modernize Federal Law: Updates securities regulations to account for the unique characteristics of digital assets and distributed ledger technology
    • Protect Consumers and Market Participants: Implements appropriate registration and risk management requirements for centralized digital asset intermediaries while preserving self-custody rights
    • Target Illicit Finance Measures: Include focused provisions to prevent money laundering and sanctions evasion while supporting innovation
    • Foster Responsible Innovation: Encourage federal regulators to provide clear guidance and utilize tools like no-action letters and regulatory sandboxes

    The discussion draft recognizes the different risk profiles of centralized firms versus decentralized protocols and acknowledges that distributed ledger technology extends beyond financial applications. It also emphasizes that tokenization represents an evolution of financial infrastructure that enhances efficiency and transparency.

    Senator Lummis and Chairman Scott are issuing a Request for Information (RFI) for stakeholders to submit feedback on the draft and on a wide range of questions. To participate in the RFI, please submit your feedback to MarketStructure_RFI@banking.senate.gov. 

    A copy of the discussion draft can be found here.

    MIL OSI USA News –

  • MIL-OSI USA: King Cosponsors Bill to Prohibit Sharing of Personal Data of DACA Program Applicants with Immigration Officials

    US Senate News:

    Source: United States Senator for Maine Angus King

    WASHINGTON — U.S. Senator Angus King (I-ME) has joined legislation to prohibit the sharing of sensitive personal data, like taxpayer and health information, with Immigration and Customs Enforcement (ICE). The Protect DREAMer Confidentiality Act would provide a statutory guarantee to current and prospective Deferred Action for Childhood Arrivals (DACA) program applicants, also known as Dreamers, that the private information they provide in their applications will not be used against them. This comes as the Trump Administration increases information sharing to advance its mass deportation agenda.

    The Protect DREAMer Confidentiality Act will prohibit the DHS Secretary from disclosing information included in an individual’s application for the DACA program to law enforcement agencies, including ICE and U.S. Customs and Border Protection (CBP), for any purpose other than the implementation of the DACA program, with limited exceptions.

    “Dreamers are productive, established members of our community woven into the fabric of our lives; neighbors and friends that go to school, work at the local store, and contribute honestly to American society no matter the passport they hold,” Senator King said. “The Protect DREAMer Confidentiality Act would allow thousands of law-abiding Dreamers to continue living their lives and making contributions to society without fear of their personal information being misused by those enforcing the administration’s misguided deportation agenda.”

    Since 2012, more than 825,000 people have received deferred action pursuant to DACA, contributing an estimated $140 billion to the U.S. economy in spending power and paying $40 billion in combined federal, payroll, state, and local taxes. In 2021, a federal district court judge paused the DACA program and prevented USCIS from approving any new DACA applications. In March 2025, however, a Fifth Circuit decision giving United States Citizenship and Immigration Services (USCIS) the authority to start processing initial DACA applications from states other than Texas went into effect.

    Last month, the Trump Administration gave Department of Homeland Security (DHS) personal data, including immigration status, on millions of Medicaid enrollees and announced it would require some undocumented immigrants to register with DHS. The Administration also finalized an agreement giving U.S. Immigration and Customs Enforcement (ICE) access to taxpayer data from the Internal Revenue Service (IRS) for immigration enforcement. Meanwhile, the Administration’s Department of Government Efficiency (DOGE) recently gained access to key immigration databases, including the Executive Office for Immigration Review’s (EOIR) Courts and Appeals System (ECAS), U.S. Citizenship and Immigration Services’ (USCIS) Data Business Intelligence Services, which contains information on noncitizens who have applied for DACA, and the U.S. Department of Health and Human Services’ (HHS) Unaccompanied Alien Children portal.

    Specifically, the Protect DREAMer Confidentiality Act will:

    1. Direct the DHS Secretary to protect the information included in an individual’s application to the DACA program from disclosure to ICE, CBP, and any other law enforcement agency for any purpose other than the implementation of the DACA program;
    2. Prohibit the DHS Secretary from referring anyone with deferred enforcement protections pursuant to the DACA program to ICE, CBP, the Department of Justice (DOJ), and any other law enforcement agency; and
    3. Provide limited exceptions for when an individual’s application information may be shared with national security and law enforcement agencies, namely:
      1. To identify or prevent fraudulent claims;
      2. For particularized national security concerns; and
      3. For the investigation or prosecution of a felony, provided that the felony in question is not related to the applicant’s immigration status.

    In addition to King, this bill is cosponsored by Senators Martin Heinrich (D-NM), Brian Schatz (D-HI), John Fetterman (D-PA), Sheldon Whitehouse (D-RI), Ben Ray Lujan (D-NM), Patty Murray (D-WA), Mazie Hirono (D-HI), Catherine Cortez Masto (D-NV), Bernie Sanders (I-VT), Ed Markey (D-MA), Tammy Duckworth (D-IL), Jacky Rosen (D-NV), Michael Bennet (D-CO), Elizabeth Warren (D-MA), Chris Van Hollen (D-MD), Ron Wyden (D-OR), Andy Kim (D-NJ), Richard Blumenthal (D-CT), Peter Welch (D-VT), Amy Klobuchar (D-MN.), Lisa Blunt Rochester (D-DE), Jack Reed (D-RI), Alex Padilla (D-CA) and Chris Murphy (D-CT).

    Senator King is a strong opponent of the Trump Administration’s continued efforts to repeal protections for DACA recipients. He has repeatedly sought a legislative solution to provide stability for DACA recipients. Most recently, he sent a letter to Acting Director of U.S. Citizenship and Immigration Services (USCIS) Angelica Alfonso-Royals, highlighting the popular support for providing Dreamers a pathway to citizenship and request that the Trump Administration comply with the recent Fifth Circuit Court of Appeals ruling to resume processing applications for DACA. Previously, Senator King joined a group of his Senate colleagues in a letter urging former Senate Majority Leader Mitch McConnell (R-KY) to immediately take up the bipartisan House-passed American Dream and Promise Act, which would establish a path to citizenship for Dreamers and immigrants with Temporary Protected Status (TPS) or Deferred Enforced Departure (DED). In addition, King led a bipartisan proposal with Senator Mike Rounds (R-SD) that would have provided legislative protections for Dreamers.

    A one-page summary of the bill is here.

    The text of the bill is here.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: 15 nomination forms for Election Committee Subsector By-elections received today

    Source: Hong Kong Government special administrative region – 4

    The nomination period for the 2025 Election Committee (EC) Subsector By-elections runs from today (July 22) until August 4. A total of 12 nomination forms for candidates and three nomination forms from designated bodies were received by the Returning Officers for various subsectors today.

    If there is a contested election for an EC subsector, a poll will be held on September 7.

    The By-elections will fill a total of 93 vacancies in the membership of the EC to be returned by election involving 28 subsectors. The breakdown of nominations by subsectors received today is set out below: 
     

    First Sector
    Subsector No. of nomination forms for candidates received today
    Catering 0
    Commercial (first) 0
    Commercial (second) 0
    Commercial (third) 0
    Employers’ Federation of Hong Kong 0
    Hotel 1
    Import and export 0
    Industrial (first) 0
    Industrial (second) 0
    Real estate and construction 0
    Small and medium enterprises 0
    Tourism 0
    Transport 0
    Second Sector
    Subsector No. of nomination forms for candidates received today
    Architectural, surveying, planning and landscape 0
    Chinese medicine 0
    Education 0
    Legal 0
    Medical and health services 0
    Sports, performing arts, culture and publication 0
    Technology and innovation 0
    Third Sector
    Subsector No. of nomination forms for candidates received today
    Agriculture and fisheries 0
    Associations of Chinese fellow townsmen 1
    Grassroots associations 1
    Labour 1
    Fourth Sector
    Subsector No. of nomination forms for candidates received today
    Heung Yee Kuk 0
    Representatives of members of Area Committees, District Fight Crime Committees, and District Fire Safety Committees of Hong Kong and Kowloon 0
    Representatives of members of Area Committees, District Fight Crime Committees, and District Fire Safety Committees of the New Territories 0
    Fifth Sector
    Subsector No. of nomination forms for candidates received today
    Representatives of Hong Kong members of relevant national organisations 8
       
    Total: 12

    Besides, 10 vacancies involving five subsectors to be returned by nomination will be filled through supplementary nominations by designated bodies. Today, three nomination forms for the relevant subsectors are received, with breakdown as below: 
     

    Accountancy
    Designated body No. of nomination forms received from designated bodies today
    Association of Hong Kong Accounting Advisors Limited 0
     
    Sports, performing arts, culture and publication
    Designated body No. of nomination forms received from designated bodies today
    Sports Federation & Olympic Committee of Hong Kong, China 0
    Hong Kong Publishing Federation Limited 0
     
    Technology and innovation
    Designated body No. of nomination forms received from designated bodies today
    The Greater Bay Area Association of Academicians 0
     
    Religious
    Designated body No. of nomination forms received from designated bodies today
    Catholic Diocese of Hong Kong 0
    Chinese Muslim Cultural and Fraternal Association 1 (1 nominee in total)
    The Hong Kong Taoist Association 1 (2 nominees in total)
     
    Representatives of associations of Hong Kong residents in the Mainland
    Designated body No. of nomination forms received from designated bodies today
    Hong Kong Chamber of Commerce in China—Guangdong 1 (1 nominee in total)
       
    Total: 3 (4 nominees in total)

    Particulars of the nominated persons received today will be uploaded to the election website (www.elections.gov.hk).

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: 30 secondary students to depart for Mainland to join Young Astronaut Training Camp (with photos)

    Source: Hong Kong Government special administrative region – 4

         A send-off ceremony for the Young Astronaut Training Camp 2025 was held at the Hong Kong Science Museum today (July 22). Thirty selected secondary students will set off for Beijing, Jiuquan, and Xi’an from July 25 to August 2 for a nine-day training programme.
     
         Addressing the send-off ceremony, the Deputy Chief Secretary for Administration, Mr Cheuk Wing-hing, encouraged the Young Astronauts to seize this precious training opportunity to immerse themselves in the country’s remarkable aerospace endeavours, look up to aerospace heroes as their role model, and become a valuable new force in promoting the nation’s space development.
     
         Other officiating guests included the First-level Inspector of the Department of Educational, Scientific and Technological Affairs of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Mr Liu Maozhou; the Chairman of the Chinese General Chamber of Commerce, Dr Jonathan Choi; the Convenor of the Working Group on Patriotic Education under the Constitution and Basic Law Promotion Steering Committee, Legislative Council Member, Dr Starry Lee; the Permanent Secretary for Culture, Sports and Tourism, Ms Vivian Sum; the Director of Leisure and Cultural Services, Ms Manda Chan; the President of the Beijing-Hong Kong Academic Exchange Centre, Mr Hsu Hoi-shan; the Vice-Chairman of the Chinese General Chamber of Commerce, Ms Jennifer Yeung; and the Museum Director of the Hong Kong Science Museum, Mr Patrick Lau.
     
         Launched in 2009, the Young Astronaut Training Camp has entered its 14th edition, with a total of 400 students participating over the years. The recruitment of this year’s training camp started in May and received an overwhelming response. After three rounds of the selection process, which included a quiz on astronomy and space science, a three-day training camp and an interview, 30 students from Secondary Two to Secondary Six were selected as Young Astronauts out of around 120 applicants from more than 80 secondary schools.
     
         The students participating in the nine-day training camp will visit various key astronomy and aerospace facilities, including Beijing Aerospace City and the Jiuquan Satellite Launch Center. This year’s programme also marks the first visit to the Wuqing Station of the National Astronomical Observatories, where they will learn about data reception and deep space communication systems of the Tianwen-1 Mars exploration mission. At the China Astronaut Research and Training Center, they will experience the aerospace medicine project and astronaut training activities, including the donning and doffing of spacesuits and savouring space food.
     
         The training camp is jointly presented by the Leisure and Cultural Services Department and the Chinese General Chamber of Commerce, in association with the Beijing-Hong Kong Academic Exchange Centre. It is organised by the Hong Kong Space Museum and sponsored by the Chinese General Chamber of Commerce. For details of the training camp, please visit the website of the Hong Kong Space Museum at hk.space.museum/en/web/spm/activities/yatc.html.
     
         The training camp is one of the programmes under the Chinese Culture Promotion Series. For more information, please visit www.ccpo.gov.hk.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Western Territory Staff Conference Highlights People, Power and Change

    Source: US GOIAM Union

    The IAM Western Territory joined together in a powerful show of solidarity, strategy, and celebration at the territory’s 2025 staff conference. Held under the theme, “People, Power, Change,” the conference brought IAM leadership, staff, and allies together to sharpen their organizing focus, reflect on recent victories, and recommit to building a stronger labor movement.

    Western Territory General Vice President Robert “Bobby” Martinez opened the conference with a message of unity and urgency, reminding attendees that organizing is the foundation of the IAM’s mission.

    “This conference isn’t just about celebrating what we’ve done—it’s about preparing for what’s next,” said Martinez. “The power to organize, to fight back, and to lift each other up lives in every one of us.”

    View photos from the Western Territory Staff Conference here.

    IAM International President Brian Bryant delivered a keynote address focused on transformation within the union. He spoke about returning organizing operations to IAM Headquarters to create a consistent, strategic, and coordinated approach across all territories.

    “Workers are looking for allies at a moment like this – and the IAM Union is going to be that ally,” said Bryant. “We must unite like never before to meet the moment and bring more workers into our union.”

    General Secretary-Treasurer Dora Cervantes addressed the IAM’s financial health and growing resources for members, while Resident General Vice President Jody Bennett spoke about the importance of supporting staff and ensuring they have the tools they need to win in today’s labor environment.

    The conference also included a heartfelt tribute to retired Western Territory General Vice President Gary R. Allen, who was honored for his remarkable 45 years of service to the IAM—including 15 years leading the Western Territory on the IAM Executive Council. His legacy of justice, compassion, and fierce dedication to working people was celebrated by all in attendance.

    Other speakers included:

    • Marshall Ganz, Harvard University Professor and Organizer
    • Randy Parraz, Organizing Institute for Democracy
    • Lorena Gonzalez, California Federation of Labor President
    • Carla Siegel, IAM General Counsel
    • Richard Evans, IAM Veterans Services Coordinator, and Bryan Stymacks, IAM Assistant Veterans Services Coordinator
    • Yvette Sheehan, Guide Dogs of America | Tender Loving Canines
    • Jon Holden, IAM District 751 President, and Shana Peschek, Machinists Institute
    • Galen Bullock, Employee Benefit Systems, Inc.

    The conference also featured a powerful question and answer session, facilitated by Western Territory International Representatives Richard Suarez and Melissa Morgan.

    The Western Territory gave out awards to recognize districts, locals, members and staff who have gone above and beyond to call of duty.

    • Top Organizing District: District 725
    • Organizer of the Year: Bob Simoni, Local SC 711
    • Joe Reilly IAM Veterans Remembrance Award: Local 1005 member Franklin Wilson Jr. for his work to support unhoused military veterans.
    • Gary R. Allen Heart of Justice Award – Local 695 President Richard Howard for his leadership supporting a wrongfully detained member.

    The  Western Territory also presented the Hawk Awards, which are nominated by peers and given in recognition of individuals who display exceptional leadership in servicing, organizing, community service and/or political activism.

    • Gary R. Allen, Retired General Vice President
    • Jeff Baird, District 725 Business Representative
    • Larry Bickett, District W24 Business Representative/Organizer
    • Brandon Bryant, District W24 President and Directing Business Representative
    • Zac Collins, District 160 Business Representative
    • Billy Corona, District 947 Business Representative/Organizer
    • Joelle Depue, Western Territory Special Representative
    • John Dyrcz, Local 794 Vice President
    • Jennifer Friesen, District 947 Business Representative/Organizer
    • Cindy Gagliardi, District 190 Business Representative
    • Bailey Hardiman-Borsos, Western Territory Associate Organizer
    • Jason Hardwick, Western Territory International Representative
    • Michael Higley, Local 568 Member
    • Jon Holden, District 751 President and Directing Business Representative
    • Richard Jackson, District 751 Secretary-Treasurer
    • Beth Lacey, District W24 Secretary-Treasurer
    • Scott Lacey, District W24 President
    • Justin Mauldin, District 725 Assistant Directing Business Representative
    • Pedro Mendez, District 190 Area Director
    • Ramon Martinez, Local 2515 President and Directing Business Representative
    • Brandon Nottingham, District 947 Business Representative/Organizer
    • Carla Pulido-Jordan, Local 1930 Recording Secretary
    • Joe Ruth, Local 751C Health and Benefits Representative
    • Cornelius Scott, Local 1125 Secretary-Treasurer
    • Bob Simoni, Local SC 711 Business Representative
    • Christian White, Local 2006 President
    • Doug White, Local 1998 Recording Secretary
    • Darrin Williamson, District 725 Business Representative
    • Steve Van Wie, Western Territory International Representative

    The post Western Territory Staff Conference Highlights People, Power and Change appeared first on IAM Union.

    MIL OSI USA News –

  • MIL-OSI Analysis: As Sri Lanka’s economy pivots from tourism, it’s well placed to benefit from global trade and geopolitical jostling – new research

    Source: The Conversation – UK – By Hemamali Tennakoon, Senior Lecturer in Strategy and Management, Brunel University of London

    Dmytro Buianskyi/Shutterstock

    With its natural beauty, wildlife and culture, Sri Lanka is known as the “pearl of the Indian Ocean”, and attracts millions of tourists every year.

    But my research suggests that the country might not be so reliant on tourism in the future, as it looks to become a major player in global maritime trade. The island’s numerous harbours and enviable location along international sea routes have led to major investment from China and the US, as they seek to extend their strategic influence in the region.

    That investment is being welcomed after years of economic and political turmoil in Sri Lanka.

    The Easter bombings of 2019 targeted Catholic churches and hotels, killing 269 people and devastating tourism. The same year, significant tax cuts slashed government revenue before COVID did serious damage to the economy.

    In 2021, a ban on chemical fertilisers led to nationwide agricultural failure, while excessive borrowing and money printing triggered soaring inflation, which peaked at 70% in August 2022. The country ended up failing to pay its foreign debts.

    Following huge protests in 2022 and the resignation of the president, Sri Lanka began a major political and economic shift. It secured a bailout from the International Monetary Fund and implemented reforms aimed at stabilising the economy.

    So far, some of the effects have been positive. Inflation has eased, investor confidence has improved and more tea, clothing and rubber products are being exported up.

    Key to this has been improved logistics and port infrastructure. Business at the port of Colombo, the country’s largest, is booming, aided in part by global shipping disruptions, including the Red Sea crisis, which rerouted vessels through the Indian Ocean.

    But international maritime ambitions can be a complex affair, and Sri Lanka needs to be wary of becoming just a well-positioned commodity for the world’s economic superpowers.

    China for example, has secured a controversial 99-year lease of Hambantota port. India, wary of Chinese encroachment, has ramped up its own investments, including the development of a container terminal in Colombo.

    In 2023, the US announced a US$500 million (£372 million) plan to develop a deep-water shipping container terminal at the port of Colombo. And the potential US tariffs of 30% on imports from Sri Lanka have been interpreted by some as a pressure tactic to get greater access to its waters.

    Balancing these interests is a delicate act. While foreign investment is crucial for infrastructure development, Sri Lanka needs to protect its sovereignty and ensure that port operations serve national, not just international, interests.

    My research suggests that one way of building a resilient and diverse Sri Lankan economy would be to focus on its surrounding waters. Sri Lanka’s vast “exclusive economic zone”, an area of sea where it controls marine resources, holds massive untapped potential.

    Blue economy

    This potential lies in traditional sectors like fisheries and tourism, but also emerging industries such as marine biotechnology.

    This growing field offers opportunities in things like bioengineering and marine-based pharmaceuticals. With other countries rapidly advancing in these sectors, Sri Lanka is well-positioned to follow suit and become a regional leader in the blue economy (economic activities associated with the sustainable use of ocean resources).

    Business is booming in the port of Colombo.
    shutterlk/Shutterstock

    But there is still a complex web of geopolitical interests and economic pressures to navigate, as well as environmental challenges.

    At the moment for example, the Sri Lankan government is making plans for the deep natural port at Trincomalee to become a major marine repair and refuelling centre between Dubai and Singapore. Other proposed projects include offshore wind farms and oil rig facilities.

    The country also needs to compete with the likes of Malaysia, which is investing heavily in AI-driven port operations. To stay competitive, Sri Lanka must modernise infrastructure and streamline processes.

    And despite the progress, challenges persist. Poverty in Sri Lanka has doubled since 2021, while youth unemployment remains high.

    Sri Lanka faces rising maritime threats like piracy and illegal fishing, requiring stronger maritime surveillance. Simultaneously, port expansion risks damaging marine ecosystems. Green technologies and stricter environmental regulations are essential for long-term security and sustainability.

    Sri Lanka’s strategic location and maritime heritage offer a foundation for economic renewal. With wise governance, sustainability, and balanced geopolitics, its ports could once again become vital gateways to regional prosperity and global trade.

    Hemamali Tennakoon does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. As Sri Lanka’s economy pivots from tourism, it’s well placed to benefit from global trade and geopolitical jostling – new research – https://theconversation.com/as-sri-lankas-economy-pivots-from-tourism-its-well-placed-to-benefit-from-global-trade-and-geopolitical-jostling-new-research-261231

    MIL OSI Analysis –

  • MIL-OSI: Blue Navy Recovery Ramps Up Services to Handle Increased Claims for Unclaimed Property in Georgia

    Source: GlobeNewswire (MIL-OSI)

    Irvine, CA, July 22, 2025 (GLOBE NEWSWIRE) — Blue Navy Recovery, a professional unclaimed property recovery firm, announced today the expansion of its service operations in Georgia to manage a growing volume of state-held asset claims. This move reflects growing demand for unclaimed property recovery in Georgia—delivering trusted, no-upfront-cost recovery assistance for individuals and families.

    Blue Navy Recovery expands service operations to address growing unclaimed property recovery needs in Georgia.

    With experience navigating Georgia’s complex claims process, Blue Navy Recovery offers full-service handling—from eligibility checks and paperwork to agency communication and verification. Clients don’t need to interact with government agencies or decipher procedural forms; the firm takes on the entire burden. This expansion comes as Blue Navy continues to see success through a growing number of client-reported outcomes on Google, demonstrating how its personalized service model helps claimants navigate the system efficiently.

    “We’ve seen a spike in demand across Georgia, and this expansion is about meeting that need with speed and integrity,” said David Dorfman, Managing Partner at Blue Navy Recovery. “Every successful recovery tells a story—and we’re here to make sure more Georgians are part of that success.”

    This announcement comes alongside a similar announcement that the company is increasing services across the Unclaimed Property in California service as well.

    The firm’s model is performance-based, meaning clients owe nothing unless their claim is successfully paid. Each case is personally managed by trained recovery specialists—not automated systems—ensuring accuracy and personal support. Client experiences shared on platforms such as Google and Yelp reinforce the impact Blue Navy is making across the Southeast. The company recently celebrated their 200th successful unclaimed property recovery case alongside their 40th 5-star review, a story that was picked up by media outlets like Yahoo! Finance, Business Insider, and Globe Newswire.

    Blue Navy’s personalized guidance and support materials make it easy for residents to determine eligibility and understand the Georgia claims process. Clients can explore the process, read relevant user studies, and get started at the official website.

    Logo of Blue Navy Recovery, a trusted leader supporting unclaimed property claims across Georgia.

    About Blue Navy Recovery

    Blue Navy Recovery is a professional unclaimed property recovery firm that helps individuals and families recover lost or forgotten funds held by the state. With deep experience navigating the claims process in California and Georgia, we’ve helped return millions of dollars to rightful owners. We handle the paperwork, follow-ups, and filing — so you don’t have to. Our team only collects a percentage of the recovered amount, with no upfront cost. 

    Press inquiries

    Blue Navy Recovery
    https://www.bluenavy.org
    David Dorfman
    david@bluenavy.org
    (619) 215-1972

    The MIL Network –

  • MIL-OSI USA: Luján Secures Nearly $17 Million in Federal Investments for New Mexico in Committee-Passed Appropriations Bills

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)

    Washington, D.C. – Today, U.S. Senator Ben Ray Luján (D-N.M.) announced funding secured for New Mexico communities through the Appropriations Committee’s bipartisan passage of the Fiscal Year (FY) 2026 Military Construction, Veterans Affairs, and Related Agencies (MilCon-VA) Appropriations Bill and Fiscal Year (FY) 2026 Commerce, Justice, Science, and Related Agencies (CJS) Appropriations Bill.

    From both appropriations bills, Senator Luján secured $16,820,000 in Congressionally Directed Spending for key local projects that will strengthen our national security, boost violence intervention programs, and equip law enforcement with the resources needed to keep New Mexico communities safe.  

    “Across New Mexico, these vital investments will deliver resources to enhance public safety in our communities and upgrade infrastructure at our military bases to boost our military’s readiness and safety,” said Senator Luján. “This funding will equip our brave law enforcement officers with the tools they need to protect New Mexicans, support programs aimed at reducing youth violence and violence in Tribal communities, and reinforce critical infrastructure at our military bases. I’m proud to have fought to secure these investments for our communities, and I’ll continue working to deliver the federal support our families and communities need and deserve.”

    The Committee process is the first step, and the appropriations bills will next be considered by the full U.S. Senate.

    Senator Luján Secured Nearly $17 Million for the Following Local Projects:

    Strengthening New Mexico’s Air Force Bases:

    • $8,100,000 for infrastructure upgrades at Cannon Air Force Base, specifically for ADAL Security Forces Facility. Secured by Senator Luján and Senator Heinrich.
    • $2,000,000 for infrastructure upgrades at Kirtland Air Force Base, specifically for the design for the Wyoming Gate Project. Secured by Senator Luján and Senator Heinrich.
    • $700,000 for infrastructure upgrades at Holloman Air Force Base, specifically for the design for the Holloman High Speed Test Track. Secured by Senator Luján and Senator Heinrich.

    Boosting Public Safety Throughout New Mexico:

    • $1,069,000 for the City of Albuquerque’s Real Time Crime Center for the purchase of law enforcement technology.
    • $1,042,000 for Bernalillo County Sheriff’s Office to purchase a new fleet of vehicles.
    • $1,031,000 for the New Mexico Department of Public Safety Police to provide 5G technology in fleet vehicles. Secured by Senator Luján, Senator Heinrich, and Representative Stansbury in the House-companion bill.
    • $1,000,000 for UNM Office of the Medical Investigator DNA processing laboratory to allow for the purchase of equipment for DNA identification. Secured by Senator Luján and Senator Heinrich.
    • $500,000 for Bernalillo Country public safety technology upgrades to address high rates of crime in the Albuquerque metro area. Secured by Senator Luján, Senator Heinrich, and Representative Vasquez in the House-companion bill.
    • $250,000 for the San Juan County Partnership’s Law Enforcement Assisted Diversion (LEAD) program to assist in mitigating individuals with substance use disorder or mental/behavioral health challenges from continuously interacting with law enforcement.

    Funding Violence Intervention and Prevention Programs:

    • $1,0350,000 for the City of Albuquerque’s expansion of school-based violence intervention program to assist at risk students by improving grades and reducing youth violence.
    • $93,000 for the Coalition to Stop Violence Against Native women to address challenges in domestic violence and sexual violence in Tribal communities.

    MIL OSI USA News –

  • MIL-OSI USA: Additional Funding Available for Zero-Emission School Buses

    Source: US State of New York

    overnor Kathy Hochul today announced that an additional $200 million is now available for zero-emission school buses through the third installment of funding from the historic $4.2 billion Clean Water, Clean Air, and Green Jobs Environmental Bond Act of 2022. The funding, distributed through the New York School Bus Incentive Program (NYSBIP), supports the purchase of electric buses, charging infrastructure, and fleet electrification planning as public schools transition to zero-emission technologies that improve air quality and reduce pollution in communities. This investment helps ensure that schoolchildren, drivers, and the communities where they live across New York benefit from clean, quiet, and healthy buses.

    “New York State is leaning into our Environmental Bond Act commitment to provide public schools with the funding and resources to make electric school buses more affordable,” Governor Hochul said. “We are leaving no school behind as we reduce pollution from vehicles so every student can benefit from clean air while building healthier, more sustainable communities for New Yorkers across the state.”

    Administered by the New York State Energy Research and Development Authority (NYSERDA), NYSBIP provides incentives to eligible school bus fleet operators, including school districts and school bus operators, that purchase zero-emission buses. It also offers charging infrastructure vouchers to help support the installation of Level 2 or DC fast chargers and provides funding to develop fleet electrification plans. This support helps ensure safer, more reliable transportation for students while giving schools the tools they need to make smart, cost-effective upgrades.

    The funding is available on a first-come, first-served basis with incentive amounts covering up to 100 percent of the incremental cost of a new or repowered electric school bus. This helps offset some or all of the difference in purchase price between zero-emission buses and comparable diesel or gasoline buses. All school bus fleet operators in New York State can also qualify for funding for fleet electrification plans, which provide a customized roadmap for electric bus adoption.

    New York State Energy Research and Development Authority President and CEO Doreen M. Harris said, “Today is the latest in a series of support that NYSERDA has offered to help make it easier for fleet operators to plan, navigate incentives for bus purchases and install vehicle charging infrastructure. We are excited to help more adopt zero-emission school buses through this additional Environmental Bond Act funding.”

    Program eligibility and rules for charging infrastructure funding are available online through the NYSBIP Implementation Manual. School bus fleet operators do not apply directly for school bus funding. Vehicle dealers apply the funding to the price of buses on their behalf after fleet operators have issued purchase orders. Fleet operators apply directly to NYSERDA for charging vouchers, which support adding charging infrastructure to their depots.

    Larger funding amounts are available for high-need school districts and school districts with significant portions of their population living in disadvantaged communities, as determined by the New York State Climate Justice Working Group criteria. While these districts are defined as priority districts through this program, all school districts can earn increased incentives by removing a gas or diesel bus from operation, purchasing wheelchair accessible buses, or purchasing buses with vehicle to grid capability. All school districts that complete fleet electrification plans also become eligible for higher funding amounts.

    New York State Department of Environmental Conservation Commissioner Amanda Lefton said, “The continued rollout of zero-emission school buses is critical to improving air quality and protecting the health of students and drivers in communities across the State. Investments through the Bond Act are making the transition to these greener vehicles more affordable for school districts. Under the leadership of Governor Hochul and in coordination with our state agency partners, DEC remains focused on administering Bond Act funding to support this important program and continue momentum to help address climate impacts, reduce harmful emissions, and improve quality of life for New York families.”

    New York State Department of Public Service CEO Rory M. Christian said, “Kudos to Governor Hochul and her team for encouraging further adoption and deployment of zero-emission school buses. This program will help continue our move toward a cleaner environment, which benefits all of us.”

    New York State Health Commissioner Dr. James McDonald said, “I thank Governor Hochul for her continued investment in the health of our children and commitment to building healthier communities across the state. Cleaner air means healthier kids, and reducing pollution around schools helps protect them from asthma and other respiratory problems.”

    Modernizing public school transportation with zero-emission buses is a priority for Governor Hochul to ensure the health of New York students. The FY25-26 New York State Budget continued to build momentum for school districts to put electric school buses on the road this year while providing districts with additional flexibility and time to complete their electrification plans and get hands-on experience with this new technology. The new independent range estimate requirement for bus manufacturers will also give school districts greater confidence that the buses will meet specific mileage and route conditions.

    Since NYSBIP’s launch, 88 school districts have applied for funds to purchase 529 buses, which includes 50 priority school districts accounting for 406 buses, and 400 districts are now working with NYSERDA to create Fleet Electrification Plans.

    The Bond Act requires that disadvantaged communities receive no less than 35 percent, with a goal of 40 percent, of the benefit of total Bond Act funds. In line with this goal, NYSERDA aims to ensure that at least 40 percent of the New York School Bus Incentive Program benefits disadvantaged communities. Buses domiciled in priority districts are eligible for higher incentive amounts in support of new zero-emission buses and charging infrastructure.

    New York State provides many resources for school bus fleet operators to transition their fleets to zero-emission buses, including an Electric School Bus Guidebook, a collection of practical user guides that highlight the benefits of electric school buses to make each part of transitioning a bus fleet easy to understand. This is a resource that can inform discussions with schools, New York State agencies, legislators, communities, manufacturers, bus dealers, and utilities to raise awareness on the Bond Act funding available to school districts and to help more communities understand the health and climate benefits that electric buses provide. Fleet operators seeking assistance should contact NYSERDA at [email protected].

    State Senator Kevin Parker said, “The additional $200 million in funding for zero-emission school buses is a bold investment in our children’s health, our environment, and the future of clean energy in New York. By accelerating the transition to electric school buses, we’re not only reducing harmful emissions but also improving air quality and public health in our communities, especially in neighborhoods that have long suffered from high pollution levels. This is a win for clean energy, for equity, and for every New Yorker.”

    State Senator Shelley B. Mayer said, “I am pleased that an additional $200 million is now available to school districts to support the transition to zero-emission school buses. New York has been a leader in the fight against climate change, and this funding, provided through the historic Clean Water, Clean Air, and Green Jobs Environmental Bond Act approved by New Yorkers, will further our efforts to reduce carbon emissions while alleviating financial burdens for New York schools. I would like to thank Governor Hochul and NYSERDA for their dedication to making New York a cleaner place, and I also extend my gratitude to the voters who approved this Bond Act.”

    State Senator Jeremy Cooney said, New York must remain committed to our environmental goals for a brighter future for New Yorkers, but we also realize that the state has a role to play in making this clean energy transition a reality. Today’s announcement is an important step in the right direction, and proof that we’ll continue to help our public schools, bolster charging infrastructure, and create a cleaner, healthier New York.”

    Assemblymember William Magnarelli said, “The Governor’s investment in zero-emission school buses shows the state’s continued commitment to climate leadership and advancing equitable access to clean transportation. The investment allows for a smooth transition to clean transportation and alleviates the anxiety of how districts will pay for the buses.”

    Assemblymember Michael R. Benedetto said, “I applaud Governor Hochul for making this a priority. This $200 million will help many school districts as they work to make the transition to electric buses. It’s a meaningful step toward cleaner air and healthier communities for our children.”

    Assemblymember Didi Barrett said, “The upfront cost of zero emission school buses has been a significant concern for all of the schools in my Assembly District, and the vast majority of districts across the State. This newly released funding from the 2022 Environmental Bond Act offers welcome financial support for our schools to electrify their bus fleets, bringing us closer to creating cleaner, safer and quieter commutes for our school children while helping us get closer to our ambitious climate goals.”

    Association of School Business Officials Executive Director Brian Cechnicki said, “Continued investments, including this funding, are critical for school districts to meet the state’s zero-emission bus mandate, and we are appreciative of NYSERDA for partnering with districts in this work.”

    New York School Bus Contractors Association President Tommy Smith said, “The New York School Bus Contractors Association is grateful that New York State continues to lead in financing the transition to electric school buses. We are excited about the advancements in battery technology that will further accelerate this initiative and help deliver cleaner, quieter, and more sustainable transportation for our students.”

    Mothers Out Front Distributed Senior Organizer Sarah Smiley said, “It is great news for students, parents, and school districts that more funding is now available for electric school buses, charging infrastructure, and fleet transition planning. We hope more districts leverage the New York School Bus Incentive Program funding so that our children have clean rides to school and we can reduce emissions for a healthier planet.”

    For more than fifty years, NYSERDA has been a trusted and objective resource for New Yorkers, taking on the critical role of energy planning and policy analysis, along with making investments that drive New York toward a more sustainable future. New York State is investing nearly $3 billion in electrifying its transportation sector and rapidly advancing measures that all new passenger cars and trucks sold be zero-emission. There are a range of initiatives to grow access to EVs and improve clean transit for all New Yorkers including EV Make Ready, EVolve NY, Charge Ready NY 2.0, the Drive Clean Rebate, the New York Truck Voucher Incentive Program, and the New York State’s climate agenda calls for an affordable and just transition to a clean energy economy that creates family-sustaining jobs, promotes economic growth through green investments, and directs a minimum of 35 percent of the benefits to disadvantaged communities. New York is advancing a suite of efforts to achieve an emissions-free economy by 2050, including in the energy, buildings, transportation, and waste sectors.

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Allen Announces August Community Office Hours

    Source: United States House of Representatives – Congressman Rick Allen (R-GA-12)

    Today, Congressman Rick W. Allen (GA-12) announced members of his staff will host Community Office Hours across Georgia’s 12th District during the month of August.

    During these events, members of Congressman Allen’s staff will be available to assist constituents with a variety of federal issues, including help navigating various federal agencies such as FEMA, Social Security, Veterans Affairs, Medicare, and others. Community Office Hours are a quarterly resource provided by Congressman Allen’s staff designed to serve constituents closer to home. Congressman Allen himself will not be in attendance.

    After the announcement, Congressman Allen issued the following statement:

    “I invite anyone seeking help with a federal issue to take advantage of the one-on-one services my office provides. If you need assistance dealing with a federal agency, our dedicated caseworkers stand ready to help you. Please visit my team during Community Office Hours next month or contact one of our district offices for more information.”

    See below for a list of Community Office Hours dates, times, and locations by county (excluding counties in which Congressman Allen has a permanent office):

    Burke County

    WHEN: Tuesday, August 19th from 9:00 AM – 10:30 AM

    WHERE: County Commission Boardroom, Burke County Courthouse

    111 E. 6th Street

    Waynesboro, GA 30830

    Candler County

    WHEN: Tuesday, August 5th from 10:00 AM – 11:30 AM

    WHERE: Metter City Hall

    49 S. Rountree Street

    Metter, GA 30439

    Columbia County

    WHEN: Wednesday, August 27th from 9:30 AM – 11:00 AM

    WHERE: Grovetown City Hall

    103 Old Wrightsboro Road

    Grovetown, GA 30813

    Effingham County

    WHEN: Friday, August 15th from 10:00 AM – 11:30 AM

    WHERE: Effingham County Board of Commissioners

    804 S. Laurel Street

    Springfield, GA 31329

    Emanuel County

    WHEN: Monday, August 4th from 10:00 AM – 11:30 AM

    WHERE: Swainsboro-Emanuel County Chamber of Commerce

    102 S. Main Street

    Swainsboro, GA 30401

    Evans County

    WHEN: Tuesday, August 5th from 3:00 PM – 4:30 PM

    WHERE: Claxton City Hall

    206 W. Railroad Street

    Claxton, Georgia 30417

    Glascock County

    WHEN: Tuesday, August 19th from 10:00 AM – 11:30 AM

    WHERE: Family Connections & Communities in School

    370 W. Main Street

    Gibson, GA 30810

    Jefferson County

    WHEN: Tuesday, August 19th from 12:30 PM – 2:00 PM

    WHERE: Community Club House

    101 McNair Street

    Wrens, GA 30833

    Jenkins County

    WHEN: Monday, August 4th from 1:00 PM – 2:30 PM

    WHERE: Jenkins County Chamber of Commerce

    548 Cotton Avenue

    Millen, GA 30442

    Johnson County

    WHEN: Monday, August 11th from 9:00 AM – 10:30 AM

    WHERE: Wrightsville City Hall

    8647 S. Marcus Street

    Wrightsville, GA 31096

    Lincoln County

    WHEN: Wednesday, August 27th from 12:00 PM – 1:30 PM

    WHERE: Lincoln County Courthouse

    210 Humphrey Street

    Lincolnton, GA 30817

    McDuffie County

    WHEN: Wednesday, August 6th from 1:00 PM – 2:30 PM

    WHERE: Thomson-McDuffie Administrative Building

    210 Railroad Street

    Thomson, GA 30824

    Montgomery County

    WHEN: Monday, August 4th from 10:45 AM – 12:15 PM

    WHERE: Montgomery County Courthouse

    400 S. Railroad Avenue

    Mount Vernon, GA 30445

    Screven County

    WHEN: Monday, August 4th from 3:00 PM – 4:30 PM

    WHERE: Screven County Courthouse, Commission Boardroom

    216 Mims Road

    Sylvania, GA 30467

    Tattnall County

    WHEN: Tuesday, August 5th from 1:00 PM – 2:30 PM

    WHERE: Glennville Welcome Center/Chamber of Commerce

    136 S. Veterans Boulevard

    Glennville, GA 30427

    Treutlen County

    WHEN: Monday, August 4th from 9:00 AM – 10:30 AM

    WHERE: Treutlen County Commissioners’ Office

    1830 Martin Luther King Jr. Drive

    Soperton, GA 30457

    Warren County

    WHEN: Wednesday, August 6th from 10:00 AM – 11:30 AM

    WHERE: Warren County Chamber of Commerce

    46 Norwood Street

    Warrenton, GA 30828

    Washington County

    WHEN: Thursday, August 21st from 11:00 AM – 12:30 PM

    WHERE: Sandersville City Hall

    141 W. Haynes Street

    Sandersville, GA 31082

    Wheeler County

    WHEN: Monday, August 4th from 1:00 PM – 2:30 PM

    WHERE: Alamo City Hall

    7 W. Main Street

    Alamo, GA 30411

    Wilkes County

    WHEN: Tuesday, August 26th from 11:00 AM – 12:30 PM

    WHERE: Washington Wilkes Chamber of Commerce

    26 West Square

    Washington, GA 30673

    MIL OSI USA News –

  • PM Modi’s fourth UK visit to spotlight $53.75 billion bilateral trade and FTA gains

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will embark on a two-nation visit on Wednesday, beginning with an official tour to the United Kingdom at the invitation of UK Prime Minister Keir Starmer from July 23-24. This will mark his fourth visit to the UK, underscoring the deepening ties between the two nations, especially in the realm of economic cooperation.

    India and the UK share a strong and steadily growing economic partnership, reflected in robust trade figures and expanding investment flows. Bilateral trade between the two countries stood at approximately $53.75 billion in 2024, with Indian exports valued at around $32.5 billion and imports at about $21.25 billion. Trade in goods contributed $22.5 billion, while the services sector accounted for nearly $31.25 billion.

    Investment flows between the two countries continue to deepen. The UK ranks as the sixth-largest inward investor in India, with a cumulative equity investment of $35 billion as of September 2024. On the other hand, Indian investments in the UK amounted to $19 billion till March 2024. There are currently 971 Indian companies operating in the UK, employing over 1 lakh people. Meanwhile, 667 British companies are active in India, providing employment to more than 5 lakh people.

    A key development in bilateral economic relations has been the successful conclusion of the India-UK Free Trade Agreement (FTA) and the Double Contribution Convention. These landmark announcements were made during a telephonic conversation between the two Prime Ministers on May 6, 2025, following three years of negotiations. The FTA, one of India’s most comprehensive, spans 26 chapters, covering sectors such as goods, services, rules of origin, intellectual property rights, government procurement, digital trade, telecom, financial services, environment, and labour.

    Two institutional mechanisms have played a pivotal role in driving the India-UK economic agenda. The India-UK Joint Economic and Trade Committee (JETCO), launched on January 13, 2005, is designed to strengthen strategic economic ties through a business-driven approach. The 15th JETCO meeting took place in New Delhi on January 13, 2022, co-chaired by India’s Commerce and Industry Minister Shri Piyush Goyal and UK’s then Secretary of State for International Trade, Ms. Anne-Marie Trevelyan. It was during this meeting that both nations formally launched negotiations for the FTA.

    The India-UK Economic and Financial Dialogue (EFD), established on February 4, 2005, has been instrumental in shaping macroeconomic cooperation. The 13th EFD meeting was held in London on April 9, 2025, led by the Finance Ministers of both countries. Discussions focused on boosting infrastructure collaboration, enhancing fintech partnerships, promoting sustainable finance, and advancing knowledge exchange.

  • PM Modi’s fourth UK visit to spotlight $53.75 billion bilateral trade and FTA gains

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will embark on a two-nation visit on Wednesday, beginning with an official tour to the United Kingdom at the invitation of UK Prime Minister Keir Starmer from July 23-24. This will mark his fourth visit to the UK, underscoring the deepening ties between the two nations, especially in the realm of economic cooperation.

    India and the UK share a strong and steadily growing economic partnership, reflected in robust trade figures and expanding investment flows. Bilateral trade between the two countries stood at approximately $53.75 billion in 2024, with Indian exports valued at around $32.5 billion and imports at about $21.25 billion. Trade in goods contributed $22.5 billion, while the services sector accounted for nearly $31.25 billion.

    Investment flows between the two countries continue to deepen. The UK ranks as the sixth-largest inward investor in India, with a cumulative equity investment of $35 billion as of September 2024. On the other hand, Indian investments in the UK amounted to $19 billion till March 2024. There are currently 971 Indian companies operating in the UK, employing over 1 lakh people. Meanwhile, 667 British companies are active in India, providing employment to more than 5 lakh people.

    A key development in bilateral economic relations has been the successful conclusion of the India-UK Free Trade Agreement (FTA) and the Double Contribution Convention. These landmark announcements were made during a telephonic conversation between the two Prime Ministers on May 6, 2025, following three years of negotiations. The FTA, one of India’s most comprehensive, spans 26 chapters, covering sectors such as goods, services, rules of origin, intellectual property rights, government procurement, digital trade, telecom, financial services, environment, and labour.

    Two institutional mechanisms have played a pivotal role in driving the India-UK economic agenda. The India-UK Joint Economic and Trade Committee (JETCO), launched on January 13, 2005, is designed to strengthen strategic economic ties through a business-driven approach. The 15th JETCO meeting took place in New Delhi on January 13, 2022, co-chaired by India’s Commerce and Industry Minister Shri Piyush Goyal and UK’s then Secretary of State for International Trade, Ms. Anne-Marie Trevelyan. It was during this meeting that both nations formally launched negotiations for the FTA.

    The India-UK Economic and Financial Dialogue (EFD), established on February 4, 2005, has been instrumental in shaping macroeconomic cooperation. The 13th EFD meeting was held in London on April 9, 2025, led by the Finance Ministers of both countries. Discussions focused on boosting infrastructure collaboration, enhancing fintech partnerships, promoting sustainable finance, and advancing knowledge exchange.

  • MIL-OSI: Taxback International rebrands as Fintua

    Source: GlobeNewswire (MIL-OSI)

    Kilkenny, Ireland , July 22, 2025 (GLOBE NEWSWIRE) — Taxback International, a global leader in VAT compliance and recovery, has officially rebranded as Fintua. This rebrand represents the fusion of decades of indirect tax expertise with next-generation SaaS technology, setting a new standard for digital solutions in the fintech space. With this rebrand, the company reinforces its commitment to delivering smarter, more scalable fintech solutions to accelerate positive digital change across the indirect tax landscape.

    Fintua are a global fintech leader, delivering specialist tax technology solutions for indirect tax recovery, compliance, eInvoicing and payments.

    Why the change?

    Fintua represents the evolution of our business from a specialist in VAT reclaim to a global technology expert in the wider fintech industry. As indirect tax grows more complex, businesses are seeking smarter, more agile solutions. Our rebrand signals a commitment to empowering global tax and finance professionals with innovative technology that simplifies complexity, reduces risk and transforms how tax is managed. 

    The name Fintua blends our financial technology focus with a strong connection to our Irish heritage. Fin reflects our fintech expertise, while Tua derived from the Irish word tuath (meaning people or community), highlights our collaborative and client-centric values.  

    A new chapter of innovation 

    Rebranding to Fintua represents more than a name change – it is a statement of intent. We remain the trusted partner our clients know, but with an even greater focus on developing intuitive, expert-built technology that meets both current and future tax challenges. 

    “As we embark on this exciting journey to become Fintua, I am thrilled to see our company evolve into a brand that truly reflects our innovative spirit and commitment to tax technology,” said Catherine Quirke, CEO of Fintua. “This rebranding marks a significant milestone in our growth, and identifies with our ability and commitment to deliver cutting-edge solutions that meet the evolving needs of our customers.” 

    Fintua’s vision is to be a leader in breakthrough technology, accelerating positive digital change throughout the indirect tax and wider fintech community. Our values; empowering, progressive, collaborative, and perceptive—will continue to guide every solution we deliver. 

    “The rebrand of Taxback International to Fintua is a proud moment for all of us at CluneTech. It’s a reflection of how far the business has come since its early days in Kilkenny – growing from a VAT reclaim specialist into a global technology leader in tax and fintech. For me, Fintua stands for innovation, ambition, and the power of a great team working together to solve complex challenges for businesses worldwide. I’m excited to see Fintua lead the way into this new era, continuing our tradition of empowering clients and driving positive change across the industry.” – Terry Clune, CEO and Founder of CluneTech. 

    About Fintua

    Fintua is a global fintech leader, delivering specialist tax technology solutions for indirect tax recovery, compliance, eInvoicing and payments. 

    Press inquiries

    Fintua
    https://fintua.com/
    Katie Fitzpatrick
    kfitzpatrick@fintua.com
    +353 87 020 3636
    IDA Business and Technology Park,
    Ring Road,
    Kilkenny,
    R95 ETN5

    The MIL Network –

  • MIL-OSI: QNB Corp. Reports Earnings for Second Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    QUAKERTOWN, Pa., July 22, 2025 (GLOBE NEWSWIRE) — QNB Corp. (the “Company” or “QNB”) (OTCQX: QNBC), the parent company of QNB Bank (the “Bank”), reported net income for the second quarter of 2025 of $3,883,000 or $1.04 per share on a diluted basis. This compares to net income of $2,465,000, or $0.67 per share on a diluted basis, for the same period in 2024. For the six months ended June 30, 2025, QNB reported net income of $6,461,000, or $1.74 per share on a diluted basis. This compares to net income of $5,059,000, or $1.38 per share on a diluted basis, reported for the same period in 2024.

    For the second quarter ended June 30, 2025, the annualized rate of return on average assets and average shareholders’ equity was 0.83% and 14.25%, respectively, compared with 0.57% and 10.73%, respectively, for the second quarter 2024.

    The operating performance of the Bank, a wholly-owned subsidiary of QNB Corp., improved for the quarter ended June 30, 2025, in comparison with the same period in 2024, due primarily to improvement in the interest margin causing a $2,915,000 increase in net interest income and a reduction in the provision for credit losses on loans and unfunded commitments of $260,000; this was partly offset by a decrease in non-interest income of $146,000 and an increase in non-interest expense of $539,000. The change in contribution from QNB Corp. for the quarter ended June 30, 2025, compared with the same period in 2024, is primarily due to a decrease in net interest income of $855,000, related to the subordinated debt issuance in 2024.

    The following table presents disaggregated net income (loss):

      Three months ended,           Six months ended,        
      6/30/2025     6/30/2024     Variance     6/30/2025     6/30/2024     Variance  
    QNB Bank $ 4,679,000     $ 2,741,000     $ 1,938,000     $ 7,971,000     $ 5,072,000     $ 2,899,000  
    QNB Corp   (796,000 )     (276,000 )     (520,000 )     (1,510,000 )     (13,000 )     (1,497,000 )
    Consolidated net income $ 3,883,000     $ 2,465,000     $ 1,418,000     $ 6,461,000     $ 5,059,000     $ 1,402,000  
     

    Total assets as of June 30, 2025 were $1,884,828,000 compared with $1,870,894,000 at December 31, 2024. Total cash and cash equivalents increased $15,758,000, or 31.1%, to $66,471,000, primarily due to increases in customer deposits. Loans receivable increased $2,491,000 to $1,218,539,000. Total deposits increased $23,126,000, or 1.4%, to $1,651,667,000. Long-term borrowing declined $30,000,000 and short-term borrowing increased $13,620,000.

    “Consistent with the first quarter, the Bank’s operating performance continued to improve in the second quarter, primarily driven by an expanding net interest margin that positively impacted net interest income,” said David W. Freeman, President and Chief Executive Officer. He added, “Loan and deposit balances remained stable, with modest increases. This tempered growth reflects our customers’ continued cautious borrowing and spending amid ongoing economic uncertainty. Looking ahead, we remain cautiously optimistic about the second half of the year, supported by a strengthening pipeline and signs of businesses adapting to a new economic environment.”

    Net Interest Income and Net Interest Margin

    Net interest income for the quarter ended June 30, 2025 totaled $12,652,000, an increase of $2,060,000, from the same period in 2024. Net interest margin was 2.69% for the second quarter of 2025 and 2.46% for the same period in 2024. Net interest margin was 2.60% for the six months ended June 30, 2025, compared with 2.43% for the same period in 2024.

    The yield on earning assets was 4.90% for the second quarter of 2025, compared with 4.70% in the second quarter of 2024; an increase of 20 basis points. For the six-month period ended June 30, 2025, the yield on earning assets was 4.85%, compared with 4.64% for the same period in 2024. The cost of interest-bearing liabilities was 2.68% for the second quarter ended June 30, 2025, compared with 2.73% for the same period in 2024, a decrease of five basis points. For the six-month period ended June 30, 2025, the cost of interest-bearing liabilities was 2.72% compared with 2.70% for the same period in 2024.

    Proceeds from the growth in average deposits and the issuance of subordinated debt over the past year were invested in loans, higher-yielding securities and used to pay down short-term borrowings. Loan growth was primarily in commercial real estate, which comprised 45.5% of average earning assets in the six months of 2025 compared with 45.2% for the same period in 2024, and the increases in both rates and volume in commercial real estate loans majorly contributed to the 29 basis-point increase in the yield on loans. The increase in the available-for-sale investments portfolio was primarily in corporate debt securities. The 18-basis point increase in rate on investments was primarily due to the 96-basis point increase in the yield on corporate debt securities. The average rate paid on interest-bearing deposits decreased 22 basis points; this was more than offset by the issuance of subordinated debt, which was the primary contributor to the increase in the cost of funds of two basis points.

    Asset Quality, Provision for Credit Losses on Loans and Allowance for Credit Losses

    QNB recorded a reversal of $145,000 in the provision for credit losses on loans in the second quarter of 2025 compared to a $132,000 provision in the second quarter of 2024. QNB recorded a provision of $406,000 in the provision for credit losses on loans for the six-month ended June 30, 2025 compared to a $39,000 provision for the same period of 2024. QNB’s allowance for credit losses on loans of $9,169,000 represents 0.75% of loans receivable at June 30, 2025, compared to $8,744,000, or 0.72% of loans receivable at December 31, 2024. The three-basis point increase in the allowance for credit losses on loans was primarily due to an increase in loans and reserves for collateral dependent loans partly offset by an improvement in the economic outlook. Net loan recoveries were $16,000 for the quarter ended June 30, 2025, compared with charge-offs of $12,000 for the same period in 2024. Annualized net loan recoveries for the quarter ended June 30, 2025 were 0.01% and annualized net loan charge-offs were 0.00% for the quarter ended June 30, 2024, of average loans receivable, respectively. Net loan recoveries were $19,000 for the six months ended June 30, 2025, compared with charge-offs of $33,000 for the same period in 2024. Annualized net loan recoveries for the six months ended June 30, 2025 were 0.00% compared to annualized net charge-offs of 0.01% for the same period in 2024, of average loans receivable, respectively.

    Total non-performing loans, which represent loans on non-accrual status and loans past due 90 days or more and still accruing interest, were $8,947,000, or 0.73% of loans receivable at June 30, 2025, compared with $1,975,000, or 0.16% of loans receivable at December 31, 2024. The increase was primarily due to one commercial customer relationship. In cases where there is a collateral shortfall on non-accrual loans, specific reserves have been established based on updated collateral values even if the borrower continues to pay in accordance with the terms of the agreement. At June 30, 2025, $7,841,000, or approximately 88% of the loans classified as non-accrual, are current or past due less than 30 days. Commercial loans classified as substandard or doubtful loans totaled $34,275,000 at June 30, 2025, compared with $34,301,000 at December 31, 2024; these were comprised primarily of commercial real estate loans.

    Non-Interest Income

    Total non-interest income was $1,652,000 for the second quarter of 2025 compared with $1,465,000 for the same period in 2024. There were no realized and unrealized gain/loss on securities for the quarter ended June 30, 2025 compared to a net loss of $80,000 in the same period in 2024. Excluding the net realized and unrealized gains on securities, non-interest income increased $107,000, or 6.9%. During the second quarter of 2024 the Bank sold lower-yielding securities to better position its net interest margin; the total loss on security sales was $1,096,000. The Bank also completed the exchange offer to convert its Visa B-1 shares to B-2 and C shares; the Bank recorded a $1,354,000 unrealized gain on the Visa C shares in the second quarter of 2024.

    Fees for service to customers increased $58,000 for the quarter ended June 30, 2025, as overdraft fees increased $45,000 and other deposit-related fees increased $13,000. ATM and debit card increased $19,000 due to volume. Retail brokerage and advisory income increased $14,000 to $140,000 for the same period. Other non-interest income increased $10,000 for the same period due to an increase in letter of credit fees of $7,000 and referral income of $6,000.

    For the six months ended June 30, 2025, non-interest income was $3,236,000 a decrease of $65,000 compared to the same period in 2024, primarily due to the change in fair value of the equities portfolio of $986,000 in 2024; primarily related to the Visa stock conversion discussed above. Realized loss on sale of securities in 2024 was $719,000. Net gain on sale of loans increased $9,000 when comparing the six months ended June 30, 2025 with the same period in 2024. Increases in non-interest income for the six months ended June 30, 2025 compared to the same period in 2024 comprise: fees for services to customers, ATM and debit card fees and retail brokerage and advisory, which increased $85,000, $39,000 and $62,000, respectively. Other non-interest income increased $7,000 due primarily to increases in letter of credit fees and title insurance company income partly offset by a decrease in merchant servicing income.

    Non-Interest Expense

    Total non-interest expense was $9,562,000 for the second quarter of 2025 compared with $8,934,000 for the same period in 2024. Salaries and benefits expense increased $213,000, or 4.2%, to $5,251,000 when comparing the two quarters. Salary expense and related payroll taxes increased $350,000, or 8.5%, to $4,447,000 during the second quarter of 2025 compared to the same period in 2024, primarily due to pay increases. Benefits expense decreased $177,000, or 31.3%, when comparing the two periods primarily due to a reduction in medical costs.

    Net occupancy and furniture and equipment expense increased $200,000, or 13.5%, to $1,681,000 for the second quarter of 2025 primarily due to software maintenance costs and depreciation. Other non-interest expense increased $215,000, or 8.9%, when comparing second quarter of 2025 with the same period in 2024 due to an increase in third-party services of $127,000 related to information technology services and consultant expense and an increase in write-offs relating to fraud on customer accounts of $150,000. These increases were partly offset by the recording of a potential expense of $85,000 related to the Visa stock exchange make-whole agreement in the 2024 period.

    For the six months ended June 30, 2025, non-interest expense was $18,931,000, an increase of $1,164,000, or 6.6%, compared to the same period in 2024.

    Income Taxes

    Provision for income taxes increased $461,000 to $1,005,000 in the second quarter of 2025 due increased pre-tax income, compared with the same period in 2024. The effective tax rate for the quarter ended June 30, 2025 was 20.6% compared with 18.1% for the same period in 2024. The effective tax rate for the six months ended June 30, 2025 was 20.1% compared with 19.3% for the same period in 2024.

    About the Company

    QNB Corp. is the holding company for QNB Bank, which is headquartered in Quakertown, Pennsylvania. QNB Bank currently operates twelve branches in Bucks, Lehigh and Montgomery Counties and offers commercial and retail banking services in the communities it serves. In addition, the Company provides securities and advisory services under the name of QNB Financial Services through a registered Broker/Dealer and Registered Investment Advisor, and title insurance as a member of Laurel Abstract Company LLC. More information about QNB Corp. and QNB Bank is available at QNBBank.com.

    Forward Looking Statement

    This press release may contain forward-looking statements as defined in the Private Securities Litigation Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. Such factors include the possibility that increased demand or prices for the Company’s financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in the Company’s filings with the Securities and Exchange Commission, including “Item lA. Risk Factors,” set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.

    QNB Corp.  
    Consolidated Selected Financial Data (unaudited)  
    (Dollars in thousands)                    
    Balance Sheet (Period End) 6/30/25   3/31/25   12/31/24   9/30/24   6/30/24  
    Assets $ 1,884,828   $ 1,896,189   $ 1,870,894   $ 1,841,563   $ 1,761,487  
    Cash and cash equivalents   66,471     81,557     50,713     104,232     76,909  
    Investment securities                    
    Debt securities, AFS   544,262     547,138     546,559     510,036     460,418  
    Equity securities   —     —     —     2,760     7,233  
    Loans held-for-sale   1,166     248     664     294     786  
    Loans receivable   1,218,539     1,212,162     1,216,048     1,171,361     1,162,310  
    Allowance for credit losses on loans   (9,169 )   (9,298 )   (8,744 )   (8,987 )   (8,858 )
    Net loans   1,209,370     1,202,864     1,207,304     1,162,374     1,153,452  
    Deposits   1,651,667     1,664,555     1,628,541     1,626,284     1,572,839  
    Demand, non-interest bearing   201,460     203,666     183,499     190,240     190,333  
    Interest-bearing demand, money market and savings   1,060,688     1,083,011     1,063,584     1,055,409     1,003,813  
    Time   389,519     377,878     381,458     380,635     378,693  
    Short-term borrowings   67,464     43,299     53,844     22,918     49,066  
    Long-term debt   —     30,000     30,000     30,000     30,000  
    Subordinated debt   39,168     39,118     39,068     39,030     —  
    Shareholders’ equity   113,269     108,223     103,349     105,340     96,885  
                         
    Asset Quality Data (Period End)                    
    Non-accrual loans $ 8,947   $ 8,651   $ 1,975   $ 1,696   $ 2,078  
    Loans past due 90 days or more and still accruing   —     —     —     —     —  
    Non-performing loans   8,947     8,651     1,975     1,696     2,078  
    Other real estate owned and repossessed assets   —     —     —     —     —  
    Non-performing assets $ 8,947   $ 8,651   $ 1,975   $ 1,696   $ 2,078  
                         
    Allowance for credit losses on loans $ 9,169   $ 9,298   $ 8,744   $ 8,987   $ 8,858  
                         
    Non-performing loans / Loans excluding held-for-sale   0.73 %   0.71 %   0.16 %   0.14 %   0.18 %
    Non-performing assets / Assets   0.47 %   0.46 %   0.11 %   0.09 %   0.12 %
    Allowance for credit losses on loans / Loans excluding held-for-sale   0.75 %   0.77 %   0.72 %   0.77 %   0.76 %
     
    QNB Corp.
    Consolidated Selected Financial Data (unaudited)
    (Dollars in thousands, except per share data) Three months ended,   Six months ended,
    For the period: 6/30/25 3/31/25 12/31/24 9/30/24 6/30/24   6/30/25 6/30/24
    Interest income $ 23,110   $ 22,198   $ 22,209   $ 21,945   $ 20,345     $ 45,308   $ 39,914  
    Interest expense   10,458     10,661     11,234     10,818     9,753       21,119     19,154  
    Net interest income   12,652     11,537     10,975     11,127     10,592       24,189     20,760  
    (Reversal of) provision for credit losses   (146 )   550     (255 )   159     114       404     28  
    Net interest income after provision for credit losses   12,798     10,987     11,230     10,968     10,478       23,785     20,732  
    Non-interest income:                
    Fees for services to customers   485     447     454     469     427       932     847  
    ATM and debit card   724     656     708     691     705       1,380     1,341  
    Retail brokerage and advisory income   140     141     118     139     126       281     219  
    Net realized gain (loss) on investment securities   –     –     1,414     224     (1,096 )     –     (719 )
    Unrealized (loss) gain on equity securities   –     –     (1,344 )   143     1,016       –     986  
    Net (loss) gain on sale of loans   4     18     (3 )   19     (2 )     22     13  
    Other   299     322     298     282     289       621     614  
    Total non-interest income   1,652     1,584     1,645     1,967     1,465       3,236     3,301  
    Non-interest expense:                
    Salaries and employee benefits   5,251     5,032     5,079     4,650     5,038       10,283     10,012  
    Net occupancy and furniture and equipment   1,681     1,736     1,653     1,531     1,481       3,417     2,996  
    Other   2,630     2,601     2,349     2,455     2,415       5,231     4,759  
    Total non-interest expense   9,562     9,369     9,081     8,636     8,934       18,931     17,767  
    Income before income taxes   4,888     3,202     3,794     4,299     3,009       8,090     6,266  
    Provision for income taxes   1,005     624     743     961     544       1,629     1,207  
    Net income $ 3,883   $ 2,578   $ 3,051   $ 3,338   $ 2,465     $ 6,461   $ 5,059  
    Share and Per Share Data:                
    Net income – basic $ 1.05   $ 0.70   $ 0.83   $ 0.91   $ 0.67     $ 1.74   $ 1.38  
    Net income – diluted $ 1.04   $ 0.69   $ 0.83   $ 0.91   $ 0.67     $ 1.74   $ 1.38  
    Book value $ 30.46   $ 27.96   $ 28.57   $ 26.34   $ 25.57     $ 30.46   $ 25.57  
    Cash dividends $ 0.38   $ 0.38   $ 0.37   $ 0.37   $ 0.37     $ 0.76   $ 0.74  
    Average common shares outstanding -basic   3,710,878     3,699,854     3,688,078     3,679,799     3,665,695       3,705,396     3,660,435  
    Average common shares outstanding -diluted   3,724,808     3,713,141     3,695,518     3,682,773     3,665,695       3,718,513     3,660,435  
    Selected Ratios:                
    Return on average assets (1)   0.83 %   0.56 %   0.66 %   0.74 %   0.57 %     0.69 %   0.59 %
    Return on average shareholders’ equity (1)   14.25 %   9.73 %   11.62 %   13.25 %   10.73 %     12.02 %   11.05 %
    Net interest margin (tax equivalent)   2.69 %   2.51 %   2.38 %   2.48 %   2.46 %     2.60 %   2.43 %
    Efficiency ratio (tax equivalent)   66.39 %   70.65 %   71.16 %   65.27 %   73.26 %     68.43 %   73.00 %
    Average shareholders’ equity to total average assets   5.79 %   5.74 %   5.65 %   5.59 %   5.35 %     5.77 %   5.35 %
    Net loan (recoveries) charge-offs $ (16 ) $ (3 ) $ 1   $ 25   $ 12     $ (19 ) $ 33  
    Net loan (recoveries) charge-offs – annualized / Average loans excluding held-for-sale   -0.01 %   0.00 %   0.00 %   0.01 %   0.00 %     0.00 %   0.01 %
    Balance Sheet (Average)                
    Assets (1) $ 1,887,138   $ 1,872,950   $ 1,848,524   $ 1,792,952   $ 1,729,132     $ 1,880,083   $ 1,719,837  
    Investment securities   621,128     614,329     552,323     569,135     578,615       623,827     573,876  
    Loans receivable   1,216,011     1,193,949     1,158,731     1,139,874     1,108,836       1,213,173     1,124,354  
    Deposits   1,647,990     1,635,629     1,600,925     1,542,661     1,497,692       1,640,634     1,520,176  
    Shareholders’ equity (1)   109,299     107,503     104,433     100,192     92,432       108,406     92,064  
                     
    (1) In 2025, the Company changed its calculation of average assets and average equity to include the impact of accumulated other comprehensive income (loss), net of tax, to align its calculation with its peer group. Prior period information has been restated for this new calculation; specifically impacting the non-GAAP performance ratios for return on average assets and return on average equity.
     
    QNB Corp. (Consolidated)  
    Average Balances, Rate, and Interest Income and Expense Summary (Tax-Equivalent Basis)  
                               
      Three Months Ended  
      June 30, 2025     June 30, 2024  
      Average   Average         Average   Average      
      Balance   Rate   Interest     Balance   Rate   Interest  
    Assets                          
    Investment securities:                          
    U.S. Treasury $ 21,032     4.24 % $ 223     $ 6,824     5.19 % $ 88  
    U.S. Government agencies   75,963     1.18     224       84,558     1.17     246  
    State and municipal   105,090     2.88     756       107,881     3.51     947  
    Mortgage-backed and CMOs   354,349     2.46     2,184       356,650     2.73     2,436  
    Corporate debt securities and mutual funds   64,694     6.38     1,031       6,721     5.72     96  
    Equities   –     –     –       6,501     3.55     57  
    Total investment securities   621,128     2.84     4,418       569,135     2.72     3,870  
    Loans:                          
    Commercial real estate   863,096     5.94     12,775       801,691     5.46     10,876  
    Residential real estate   114,600     4.38     1,255       108,693     4.07     1,106  
    Home equity loans   70,666     6.41     1,130       65,575     6.83     1,114  
    Commercial and industrial   145,262     7.41     2,682       142,174     7.60     2,686  
    Consumer loans   3,355     7.70     65       3,781     7.50     71  
    Tax-exempt loans   19,347     4.23     205       18,284     3.87     176  
    Total loans, net of unearned income*   1,216,326     5.97     18,112       1,140,198     5.65     16,029  
    Other earning assets   61,355     4.45     680       43,200     5.44     584  
    Total earning assets   1,898,809     4.90     23,210       1,752,533     4.70     20,483  
    Cash and due from banks   13,806               13,313          
    Accumulated other comprehensive loss, net of tax   (59,922 )             (68,908 )        
    Allowance for credit losses on loans   (9,376 )             (8,885 )        
    Other assets   43,821               41,079          
    Total assets $ 1,887,138             $ 1,729,132          
                               
    Liabilities and Shareholders’ Equity                          
    Interest-bearing deposits:                          
    Interest-bearing demand $ 376,735     0.94 %   888     $ 334,017     0.84 %   702  
    Municipals   146,214     3.92     1,427       132,762     4.81     1,587  
    Money market   259,621     2.88     1,862       229,984     3.58     2,049  
    Savings   281,076     1.29     901       290,172     1.28     924  
    Time < $100   179,411     3.61     1,617       170,640     4.03     1,708  
    Time $100 through $250   155,026     3.99     1,542       143,315     4.59     1,636  
    Time > $250   51,832     4.08     527       53,316     4.63     614  
    Total interest-bearing deposits   1,449,915     2.42     8,764       1,354,206     2.74     9,220  
    Short-term borrowings   70,942     3.90     689       52,383     1.52     199  
    Long-term debt   5,495     4.79     67       28,132     4.70     334  
    Subordinated debt   39,141     9.58     938       —     —     —  
    Total borrowings   115,578     5.88     1,694       80,515     2.66     533  
    Total interest-bearing liabilities   1,565,493     2.68     10,458       1,434,721     2.73     9,753  
    Non-interest-bearing deposits   198,075               188,455          
    Other liabilities   14,271               13,524          
    Shareholders’ equity   109,299               92,432          
    Total liabilities and                          
    shareholders’ equity $ 1,887,138             $ 1,729,132          
    Net interest rate spread       2.22 %             1.97 %    
    Margin/net interest income       2.69 % $ 12,752           2.46 % $ 10,730  
    Tax-exempt securities and loans were adjusted to a tax-equivalent basis and are based on the Federal corporate tax rate of 21%  
    Non-accrual loans and investment securities are included in earning assets.  
    * Includes loans held-for-sale  
       
    QNB Corp. (Consolidated)  
    Average Balances, Rate, and Interest Income and Expense Summary (Tax-Equivalent Basis)  
                               
      Six Months Ended  
      June 30, 2025     June 30, 2024  
      Average   Average         Average   Average      
      Balance   Rate   Interest     Balance   Rate   Interest  
    Assets                          
    Investment securities:                          
    U.S. Treasury $ 20,596     4.31 % $ 440     $ 6,803     5.26 % $ 178  
    U.S. Government agencies   75,962     1.18     448       84,755     1.17     494  
    State and municipal   105,172     2.87     1,510       108,027     3.46     1,871  
    Mortgage-backed and CMOs   358,969     2.45     4,392       361,317     2.66     4,809  
    Corporate debt securities and mutual funds   63,128     6.62     2,089       6,714     5.66     190  
    Equities   –     –     –       6,260     3.63     113  
    Total investment securities   623,827     2.85     8,879       573,876     2.67     7,655  
    Loans:                          
    Commercial real estate   860,363     5.82     24,844       788,413     5.40     21,176  
    Residential real estate   114,436     4.36     2,493       108,808     3.99     2,172  
    Home equity loans   69,327     6.41     2,204       63,922     6.82     2,169  
    Commercial and industrial   146,962     7.41     5,399       141,233     7.55     5,301  
    Consumer loans   3,400     7.69     130       3,712     7.80     144  
    Tax-exempt loans   19,073     4.19     397       18,462     3.85     353  
    Total loans, net of unearned income*   1,213,561     5.89     35,467       1,124,550     5.60     31,315  
    Other earning assets   54,536     4.44     1,202       44,922     5.48     1,223  
    Total earning assets   1,891,924     4.85     45,548       1,743,348     4.64     40,193  
    Cash and due from banks   13,517               13,041          
    Accumulated other comprehensive loss, net of tax   (59,954 )             (68,475 )        
    Allowance for credit losses on loans   (9,059 )             (8,916 )        
    Other assets   43,655               40,839          
    Total assets $ 1,880,083             $ 1,719,837          
                               
    Liabilities and Shareholders’ Equity                          
    Interest-bearing deposits:                          
    Interest-bearing demand $ 378,504     0.98 %   1,832     $ 327,961     0.82 %   1,345  
    Municipals   147,887     3.93     2,883       132,325     4.81     3,164  
    Money market   257,952     2.88     3,680       228,928     3.57     4,064  
    Savings   280,371     1.29     1,794       294,262     1.28     1,873  
    Time < $100   178,958     3.70     3,287       164,175     3.90     3,181  
    Time $100 through $250   154,578     4.12     3,155       135,464     4.47     3,013  
    Time > $250   50,317     4.19     1,045       51,536     4.43     1,136  
    Total interest-bearing deposits   1,448,567     2.46     17,676       1,334,651     2.68     17,776  
    Short-term borrowings   59,300     3.90     1,145       69,912     2.37     824  
    Long-term debt   17,735     4.74     423       24,066     4.56     554  
    Subordinated debt   39,117     9.59     1,875       —     —     —  
    Total borrowings   116,152     5.98     3,443       93,978     2.95     1,378  
    Total interest-bearing liabilities   1,564,719     2.72     21,119       1,428,629     2.70     19,154  
    Non-interest-bearing deposits   192,067               185,525          
    Other liabilities   14,891               13,619          
    Shareholders’ equity   108,406               92,064          
    Total liabilities and                          
    shareholders’ equity $ 1,880,083             $ 1,719,837          
    Net interest rate spread       2.13 %             1.94 %    
    Margin/net interest income       2.60 % $ 24,429           2.43 % $ 21,039  
    Tax-exempt securities and loans were adjusted to a tax-equivalent basis and are based on the Federal corporate tax rate of 21%  
    Non-accrual loans and investment securities are included in earning assets.  
    * Includes loans held-for-sale                          

    The MIL Network –

  • MIL-OSI: C&F Announces Expansion into Southwest Virginia

    Source: GlobeNewswire (MIL-OSI)

    TOANO, Va., July 22, 2025 (GLOBE NEWSWIRE) — C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the holding company for C&F Bank, is proud to announce a significant expansion of its commercial banking operations with a seasoned team that will establish its presence in Southwest Virginia. This strategic move positions C&F to serve key markets including Roanoke, Lynchburg, Danville, Martinsville, and Blacksburg.

    Leading this expansion is Matt Hubbard, who joins as Southwest Virginia Regional President. With over 15 years of commercial banking leadership experience, most recently at Atlantic Union Bank, (formerly American National Bank). Matt brings deep market knowledge and a strong commitment to community engagement. He is a graduate of Radford University and the William & Mary Mason School of Business.

    Joining Matt are two highly respected banking professionals:

    • Sally Siveroni, Commercial Credit Officer, began her banking career in 1986 and most recently served as Regional Credit Officer at Atlantic Union Bank. She is a graduate of James Madison University.
    • James Little, Commercial Banking Relationship Manager, has 17 years of experience in both retail and commercial banking. A fellow James Madison University graduate and VBA Bank School alumnus, James is also deeply involved in community initiatives.

    “We are thrilled to welcome Matt, Sally, and James to the C&F family,” said Tom Cherry, President and CEO of C&F Bank. “Their expertise and strong community ties will accelerate our growth in this promising region, where we already enjoy strong customer relationships.”

    With this expansion, C&F is now firmly positioned as one of the premier community banks serving the entire Commonwealth of Virginia—an achievement that underscores the company’s strategic vision and competitive strength.

    About C&F

    C&F Bank operates 31 banking offices and five commercial loan offices located throughout Virginia and offers full wealth management services through its subsidiary C&F Wealth Management, Inc. C&F Mortgage Corporation and its subsidiary C&F Select LLC provide mortgage loan origination services through offices located in Virginia and the surrounding states. C&F Finance Company provides automobile, marine and recreational vehicle loans through indirect lending programs offered primarily in the Mid-Atlantic, Midwest and Southern United States from its headquarters in Henrico, Virginia.

    Additional information regarding the Corporation’s products and services, as well as access to its filings with the Securities and Exchange Commission, are available on the Corporation’s website at http://www.cffc.com.

    Contact: Jason Long, CFO and Secretary
      (804) 843-2360

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7e0101d3-4ffc-436f-a151-f7f79df53bdd

    The MIL Network –

  • MIL-OSI USA: Boozman, Britt, Hill Work to Protect Small Business Access to Capital, Fight Regulatory Overreach

    US Senate News:

    Source: United States Senator for Arkansas – John Boozman

    WASHINGTON—U.S. Senators John Boozman (R-AR) and Katie Britt (R-AL) introduced legislation in response to the finalization of the Biden administration’s Consumer Financial Protection Bureau (CFPB) 1071 Small Business Lending Data Collection rule requiring small business lenders to collect and report social data on small businesses seeking loans.

    The senators’ Preventing Regulatory Overreach to Empower Communities to Thrive and Ensure Data privacy (PROTECTED) Act would shield small financial institutions and Main Street businesses from the burdensome compliance costs associated with the CFPB rule as well as limit the number of small businesses impacted and significantly reduce the amount of data required to be collected and reported.

    “As the backbone of our economy, small businesses need access to capital. Identity-based data collection requirements handed down from Washington jeopardize lenders’ ability to provide vital investments and invite the federal government to pick winners and losers based on factors other than sound underwriting. Our legislation cuts this red tape for small and local financial institutions, including those trusted by farmers and rural communities, so they can focus on helping entrepreneurs and business owners launch or expand operations,” Boozman said. 

    “The CFPB under the last administration operated virtually unchecked—with no real Congressional oversight—and in an authoritarian manner, creating a regulatory nightmare for the very people and businesses it was meant to protect,” said Britt. “The PROTECTED Act delivers much-needed regulatory relief for community banks, farm credit lenders, CDFIs, and equipment financers. Importantly, this legislation safeguards small businesses by limiting excessive data collection and protecting consumer privacy. I’m proud to lead this effort to provide critical changes to this harmful rule.”

    “I will always advocate for small businesses across Alabama and our nation –– they’re the backbone of our country and what make our communities so unique — and our community banks play a pivotal role in providing these businesses with vital access to capital,” Britt continued. “This CFPB rule would have damaging downstream effects on our most rural and underserved communities. In the absence of a full repeal, this bill makes critical changes needed to ensure small lenders can continue to meet the needs of Main Street businesses.”

    The Chairman of the House Financial Services Committee Rep. French Hill (AR-01) is leading similar legislation in the U.S. House of Representatives.

    “America’s small businesses depend on affordable and accessible credit, and community banks play a crucial role in their success. The CFPB’s current approach under the 1071 rule restricts credit and places unfair burdens on our community banks. The PROTECTED Act provides a clear path forward for how the Bureau can revise the 1071 rule to best support small businesses while ensuring responsible lending. I thank Senator Britt and Senator Boozman for working with me on companion legislation to the Small LENDER Act to support policies that help small businesses grow and achieve success,” said Hill.

    The PROTECTED Act also establishes critical safeguards to prevent the CFPB from publishing sensitive consumer data and requires the Bureau to conduct updated cost-benefit analyses prior to the rule’s implementation. Its effective date would be three years after the completion of these updated analyses and publication in the Federal Register, followed by a two-year grace period. 

    Boozman has pushed back against the regulation, designed to implement Sec. 1071 of the Dodd-Frank Act, and CFPB’s implementation that attempts to pick small business winners and losers based on social factors. The senator also supported a Congressional Review Act resolution to reverse the Biden-era CFPB rule.

    Click here for full bill text.

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Missouri Small Businesses, Private Nonprofits and Residents Affected by April Storms

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses, private nonprofits, and residents in Missouri of the Aug. 22 deadline to apply for low interest federal disaster loans to offset physical damage caused by severe storms, tornadoes, straight-line winds, heavy rains, large hail, flooding and flash flooding occurring April 29.

    The disaster declaration covers the Missouri counties of Barry, Christian, Dade, Dallas, Greene, Jasper, Lawrence, McDonald, Newton, Polk, Stone and Webster as well as the Kansas county of Cherokee, and the Oklahoma county of Ottawa.

    Small businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

    Applicants may also be eligible for a loan increase of up to 20% of their physical damage, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include strengthening structures to protect against high wind damage, upgrading to wind rated garage doors, and installing a safe room or storm shelter to help protect property and occupants from future damage.

    “One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s physical damage loans.”

    SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries and private nonprofit (PNP) organizations impacted by financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.

    Interest rates can be as low as 4% for small businesses, 3.625% for nonprofits, and 2.813% for homeowners and renters with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms, based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return physical damage applications is Aug. 22.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Idaho Small Businesses and Private Nonprofits Affected by the Gwen Fire

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding small businesses  and private nonprofit (PNP) organizations in Idaho of the Aug. 22, 2025 deadline to apply for low interest federal disaster loans to offset economic losses caused by the Gwen Fire occurring July 24‑Aug. 9, 2024.

    The disaster declaration covers the Idaho counties of Clearwater, Idaho, Latah, Lewis and Nez Perce as well as the Oregon county of Wallowa, and the Washington counties of Asotin and Whitman.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs impacted by financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than Aug. 22.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI USA: H.R. 60, Knife Owners’ Protection Act

    Source: US Congressional Budget Office

    H.R. 60 would allow people to transport a knife between state and local jurisdictions where it is legal to possess and carry such a knife under certain conditions. That authority would not allow people who are otherwise prohibited from possessing, transporting, shipping or receiving knives under federal law. CBO estimates that enacting the bill would have no effect on federal spending because it would not change any federal laws related to possessing or transporting knives.

    H.R. 60 would impose intergovernmental and private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). The bill would preempt state and local laws related to the possession and transportation of knives by allowing individuals to transport knives through states that prohibit them. The bill also would prevent owners of temporary lodgings and transport companies from banning the possession of knives on their property, which would be a private-sector mandate. CBO estimates that the costs to comply with the mandates would be small and below the thresholds for intergovernmental and private-sector mandates ($103 million and $206 million in 2025, respectively, adjusted annually for inflation).

    On February 11, 2025, CBO transmitted a cost estimate for S. 246, the Interstate Transport Act of 2025, as ordered reported by the Senate Committee on Commerce, Science, and Transportation on February 5, 2025. The two bills are similar, and CBO’s estimates of their budgetary effects are the same.

    The CBO staff contacts for this estimate are Jeremy Crimm (for federal costs) and Erich Dvorak (for mandates). The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.

    Phillip L. Swagel

    Director, Congressional Budget Office

    MIL OSI USA News –

  • MIL-OSI: Talkdesk introduces new multi-storefront capability for retailers

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., July 22, 2025 (GLOBE NEWSWIRE) — Talkdesk®, Inc. today announced Talkdesk Multi-Store Commerce Integration, a new capability that enables multi-brand retailers to manage customer service across multiple Shopify and other commerce storefronts within a single Talkdesk account, streamlining operations and enhancing the customer experience (CX). The agnostic multi-shop connector integrates with any commerce engine, including BigCommerce, Salesforce Commerce Cloud, and Adobe Commerce Cloud.

    In today’s complex retail landscape, global brands often have different storefronts for each regional website, which can result in fragmented customer service. Talkdesk’s new multi-store integration addresses this by providing a unified platform for managing customer interactions across a brand or store portfolio.

    “Retailers need agile solutions that can keep pace with their growth and diverse brand strategies,” said Tiago Paiva, chief executive officer and founder of Talkdesk. “Our new multi-store integration empowers them to deliver consistent, efficient support across every customer touchpoint, regardless of which brand they’re engaging with. This not only improves customer satisfaction but also significantly reduces operational complexities for our retail partners.”

    Available as part of Talkdesk Retail Experience Cloud, the Multi-Store Commerce Integration offers several benefits for retailers:

    • Streamlined Agent Workflows: Agents can now efficiently support customers across multiple brands, all within a single Talkdesk interface. This eliminates the need for agents to switch between different systems, improving productivity and reducing resolution times.
    • Enhanced Customer Experience: By providing agents with a holistic view of customer interactions across brands, the integration ensures customers receive consistent and personalized support, even if they shop with multiple brands within a retailer’s portfolio. This removes friction and builds loyalty.
    • Accelerated Deployment and Scalability: The agnostic connector simplifies integration with all commerce engines, reducing deployment complexity and accelerating time-to-value. Retailers can “deploy once, deliver to many,” easily extending virtual agents, voice, chat, and SMS capabilities across numerous brand experiences. For example, a retailer can deploy a single artificial intelligence (AI) agent across the entire brand portfolio, rather than having to deploy multiple agents across several brands.
    • Improved Onboarding: The ability to identify and serve customers across brands with clarity and speed not only enhances customer service quality but also accelerates the onboarding process for new retail partners and brands.

    This new capability is a game-changer for retailers looking to optimize their customer service operations, scale efficiently, and deliver a superior customer experience across their entire brand ecosystem.

    About Talkdesk

    Talkdesk® is leading a new era in customer experience with Customer Experience Automation (CXA)—a new category and platform designed to automate the full complexity of modern customer journeys. CXA replaces fragmented, human-coordinated workflows with autonomous, multi-agent AI orchestration that delivers intelligent, scalable, and outcome-focused service across the entire CX lifecycle.

    At the core of CXA is the Talkdesk Data Cloud, which turns transcripts, call recordings, case notes, and customer records from across CRMs and systems of record into real-time, actionable knowledge. This enables AI agents to operate with full context, collaborating seamlessly to resolve complex customer problems with speed, precision, and adaptability.

    Talkdesk CXA supports both cross-industry workflows and industry-specialized use cases in sectors like retail, healthcare, financial services, utilities, travel, and government. With prebuilt AI agents, a virtuous automation cycle (Discover, Build, Orchestrate, Measure), and rapid time-to-value, Talkdesk helps enterprises modernize customer experience without the need for a full rip-and-replace.

    Trusted by global brands and recognized for continuous innovation, Talkdesk empowers organizations to grow revenue, reduce costs, and transform service delivery through coordinated, AI-driven automation. Companies that love their customers use Talkdesk.

    Talkdesk is a registered trademark of Talkdesk, Inc. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

    Media Contact:

    Talkdesk Public Relations

    pr@talkdesk.com

    The MIL Network –

  • MIL-OSI Africa: Central African Pipeline System Gains Traction as Committee President Returns to African Energy Week (AEW) 2025

    Source: APO

    In line with the African Energy Week (AEW): Invest in African Energies conference’s vision to make African energy poverty history by 2030, Gabriel Mbaga Obiang Lima, President of the Strategic Partnership and Fund Committee for the Central African Pipeline System (CAPS), is returning to this year’s edition as a speaker. Lima’s participation comes as the development of CAPS – an integrated network of downstream and midstream oil and gas infrastructure – is advancing with an aim to enhance energy access, reduce fuel imports and spur industrial growth in Central Africa.

    In July 2025, a significant milestone was achieved when the Central African Economic and Monetary Community, the African Petroleum Producers’ Organization (APPO) and the Central Africa Business & Energy Forum signed a Memorandum of Understanding (MoU) to kick-start a feasibility study for CAPS. The MoU sets the foundation for participation from up to 11 Central African countries in evaluating the project’s viability, regional impact and national contributions. The 6,500km pipeline network will enhance Central Africa’s energy market resilience and affordability by optimizing the exploitation, local beneficiation and distribution of Africa’s estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of gas resources.

    With APPO finalizing the launch of the multi-billion African Energy Bank with the African Export-Import Bank this year, the organization’s participation in the MoU and interest in CAPS is timely. The MoU not only strengthens regional collaboration but also strategically positions CAPS to be shortlisted for financing from the new bank. Furthermore, with 18 oil-producing APPO member states focused on accelerating the exploitation of hydrocarbon resources, the organization’s involvement in CAPS represents a powerful step toward eradicating energy poverty and enhancing regional energy security. The CAPS project will encompass oil, gas and LPG pipelines, pumping stations, storage terminals, refineries and gas-fired power plants, all contributing to regional energy access and industrial transformation.

    AEW: Invest in African Energies serves as the continent’s premier platform for connecting high-impact African projects such as CAPS with global investors. Under the theme, Invest in African Energy: Positioning Africa as the Global Energy Champion, the event provides a strategic venue for Lima to present updates on CAPS milestones, development timelines and its alignment with Africa’s broader industrialization agenda. With the pipeline set to span various countries such as Angola, Burundi, Cameroon, Chad, Republic of the Congo, Democratic Republic of the Congo, Equatorial Guinea, Gabon, Rwanda and São Tomé & Príncipe, AEW: Invest in African Energies enables Lima to engage directly with policymakers and stakeholders vital to advancing the initiative.

    “As Africa advances its ‘drill baby drill’ agenda, building robust downstream and midstream infrastructure for local energy beneficiation and distribution is critical,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber. “The CAPS project, under Lima’s leadership, is a testament to Africa’s breakthrough in closing infrastructure gaps. Projects like CAPS are essential to lifting 600 million people out of energy poverty and providing access to clean cooking for over 900 million.”

    Distributed by APO Group on behalf of African Energy Chamber.

    About African Energy Week:
    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI Banking: Samsung Launches Galaxy F36 5G with Premium Leather Finish, Segment-Leading Camera and AI Innovations in India

    Source: Samsung

     
    Samsung, India’s largest consumer electronics brand, today announced the launch of Galaxy F36 5G to deliver a superior smartphone experience to users. Galaxy F36 5G comes with several segment-leading features that sets it apart from its predecessors. Galaxy F36 5G stands out with a premium leather finish, 50MP OIS triple camera with Nightography, Corning® Gorilla® Glass Victus®+ protection and advanced AI innovations.
     
    “With Galaxy F36 5G, we are reiterating our commitment to empower our consumers’ lives with powerful, future-ready devices. Galaxy F36 5G further accelerates the democratization of mobile AI, bringing cutting-edge AI features and capabilities within everyone’s reach, enabling users to unlock their full potential,” said Akshay S Rao, Director, MX Business, Samsung India.
     
    AI Camera
    Galaxy F36 5G comes with an advanced 50MP OIS (Optical Image Stabilization) triple camera setup, enabling you to shoot high-resolution, shake free photos and blur free videos. Galaxy F36 5G features Auto Night Mode, taking the Nightography experience to a whole new level by allowing you to capture crystal-clear low-light shots and videos. You can capture sharper and clearer night portraits thanks to AI stereo depth map technology.
     
    Users can record 4K videos with both the front and rear cameras. Galaxy F36 5G comes with fantastic mobile AI features such as Object Eraser, which instantly removes unwanted objects or people from photos; Image Clipper, which helps users extract a subject from an image and separate it from the background; and Edit Suggestions, which provides AI-powered recommendations for photo and video editing, taking the user experience to a whole new level.
     
    AI-Led Convenience
    Furthering the democratization of mobile AI to even more devices in the Galaxy ecosystem, Galaxy F36 5G comes with Circle to Search with Google. Additionally, it introduces new AI experience with Gemini Live, bringing real-time visual conversations with AI to Galaxy users. It allows for natural, conversational interactions with the Gemini AI assistant through voice, camera, and screen sharing. You can talk to Gemini, ask it to brainstorm ideas, explore topics, or even practice for important moments.
     
    Design and Display
    Designed for young consumers and built to impress, Galaxy F36 5G features a premium leather finish which is crafted to perfection and will come in three refreshing colours – Luxe Violet, Coral Red and Onyx Black. Galaxy F36 5G is only 7.7mm slim and features segment-leading Corning® Gorilla® Glass Victus®+ protection – making it extremely tough as well as ergonomic.
     
    Galaxy F36 5G features a 6.7-inch Full HD+ Super AMOLED display with 120Hz refresh rate and Vision Booster technology making it the perfect device for an unparalleled viewing experience even in the harsh outdoor lighting conditions.
     
    Powerful Processor
    Galaxy F36 5G is powered by the fast and power-efficient Exynos 1380 processor. Along with the 5nm based processor, Galaxy F36 5G also comes with a large vapor cooling chamber, which ensures efficient heat dissipation, providing users with a lag-free gaming experience and super smooth processing. For long sessions of browsing, binge watching and gaming, Galaxy F36 5G packs in 5000mAh battery. The device supports 25W fast charging, giving more power in less time.
     
    Galaxy Experiences
    Galaxy F36 5G offers segment-best 6 generations of Android upgrades and 6 years of security updates, ensuring a future-ready experience. Galaxy F36 5G comes with One UI 7 out of the box, bringing simple, impactful and emotive design as well as streamlined and cohesive experience to Galaxy users.
     
    Galaxy F36 5G aims to revolutionize consumer experience with ‘made in India’ innovations such as Voice Focus that cuts the ambient noise for an amazing calling experience. Galaxy F36 5G also features Quick Share which enables users to instantly share files, photos and documents with other devices, even if they are faraway, including your laptop and tab, privately.
     
    Galaxy F36 5G also features one of Samsung’s most innovative security features: Samsung Knox Vault. The hardware-based security system offers comprehensive protection against both hardware and software attacks. It includes Samsung’s innovative Tap & Pay feature with Samsung Wallet allowing consumers to make secure payments effortlessly.
     

    Product
    Variant
    Introductory Price
    Offers

    Galaxy F36 5G
    6GB+128GB
    INR 16499
     
     
    Including INR 1000 Introductory Offer

    8GB+128GB
    INR 17999

    8GB+256GB
    INR 20999

     
     
     
     

    MIL OSI Global Banks –

  • MIL-OSI China: 15th China-Northeast Asia Expo to open on Aug. 27

    Source: People’s Republic of China – State Council News

    15th China-Northeast Asia Expo to open on Aug. 27

    BEIJING, July 22 — The 15th China-Northeast Asia Expo will be held in Changchun City, Jilin Province, from Aug. 27 to 31, the Ministry of Commerce announced at a press conference Tuesday.

    Highlighting the importance of the expo, Vice Minister of Commerce Yan Dong said that Northeast Asian countries share geographical proximity, cultural bonds and strong commercial ties, with complementary strengths in resources and enormous potential for regional economic cooperation.

    Yan noted that practical cooperation between China and other Northeast Asian countries has deepened across various fields, maintaining positive momentum in economic and trade exchanges.

    Trade between China and the five Northeast Asian countries reached 901.6 billion U.S. dollars in 2024, up 1.6 percent year on year, accounting for nearly 15 percent of China’s total foreign trade. China has maintained its position as the largest trading partner for all five countries, with the Republic of Korea and Japan ranking as its second and third-largest trading partners, respectively.

    Two-way investment between China and the five countries exceeded 7 billion U.S. dollars in 2024, with cooperation expanding into emerging fields including digital economy, green development, advanced manufacturing and modern services.

    Yang Andi, vice governor of Jilin, said the expo will bring together over 8,000 business representatives from 42 countries and regions globally, as well as 27 provincial-level regions across China. So far, 2,796 exhibition booths have been confirmed, completing 80 percent of the exhibition preparation work.

    A key highlight of this expo will be the first-ever modern industries pavilion, featuring leading firms, including Fortune 500 companies, Yang added. The pavilion will spotlight the transformation of traditional industries through smart and green upgrades, achievements in new quality productive forces, and the development of collaborative innovation ecosystems.

    Li Xingqian, vice chairman of the China Council for the Promotion of International Trade, said the council has actively facilitated the deep integration of industrial and supply chains among Northeast Asian countries. In the first half of this year, the council supported more than 115 exhibition projects in Northeast Asian countries, involving over 4,000 Chinese enterprises.

    The expo, jointly organized by the Ministry of Commerce, China Council for the Promotion of International Trade, and the Jilin provincial government, is celebrating its 20th anniversary this year. It remains the world’s only comprehensive international expo jointly attended by all six Northeast Asian countries and open to participants from around the globe.

    “We aim to use the expo as an opportunity to further build consensus, expand cooperation, and promote common development between China and Northeast Asian countries,” Yan said.

    MIL OSI China News –

  • MIL-OSI USA: Cammack Applauds $675.9 Million in Disaster Relief for Florida Farmers

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

    Washington, DC — Today, Congresswoman Kat Cammack (FL-03) released the following statement following U.S. Secretary of Agriculture Brooke Rollins’ announcement of $675.9 million in federal disaster assistance for Florida farmers impacted by Hurricanes Idalia, Debby, Helene, and Milton:

    “Florida’s agriculture industry isn’t just the backbone of our state’s economy—it’s a cornerstone of our national food security. From citrus growers and cattle ranchers to timber operations and family farms, the devastation from back-to-back storms has been overwhelming. This $675.9 million investment will go a long way in helping our producers rebuild infrastructure, recover lost income, and stay in business,” said Congresswoman Cammack. “I want to thank President Trump, Secretary Rollins, and our state partner, Agriculture Commissioner Wilton Simpson, for recognizing the urgent needs on the ground and delivering the targeted, meaningful relief our ag community needs and deserves.”
     
    Background:

    As the lone voice for Florida Agriculture at the federal level, Congresswoman Cammack has championed policies and relief for Florida’s agricultural community—from securing disaster assistance and pushing back against unfair trade practices to advancing pro-farmer policies through her work on the House Agriculture and Energy and Commerce Committees.

    The disaster funding, made possible through the American Relief Act of 2025, is part of a broader $30 billion USDA initiative to assist producers across 14 states recovering from extreme weather events. Florida’s share of the block grant will be used to cover losses in infrastructure, citrus, timber, and direct-to-market sales not addressed by other USDA programs.

    ###

    MIL OSI USA News –

  • MIL-OSI: First Financial Corporation Reports Second Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    TERRE HAUTE, Ind., July 22, 2025 (GLOBE NEWSWIRE) — First Financial Corporation (NASDAQ:THFF) today announced results for the second quarter of 2025.

    • Net income was $18.6 million compared to $11.4 million reported for the same period of 2024;
    • Diluted net income per common share of $1.57 compared to $0.96 for the same period of 2024;
    • Return on average assets was 1.34% compared to 0.94% for the three months ended June 30, 2024;
    • Provision for credit losses was $2.0 million compared to provision of $3.0 million for the second quarter 2024; and
    • Pre-tax, pre-provision net income was $24.9 million compared to $16.2 million for the same period in 2024.1

    The Corporation further reported results for the six months ended June 30, 2025:

    • Net income was $37.0 million compared to $22.3 million reported for the same period of 2024;
    • Diluted net income per common share of $3.12 compared to $1.89 for the same period of 2024;
    • Return on average assets was 1.34% compared to 0.93% for the six months ended June 30, 2024;
    • Provision for credit losses was $3.9 million compared to provision of $4.8 million for the six months ended June 30, 2024; and
    • Pre-tax, pre-provision net income was $50.6 million compared to $31.2 million for the same period in 2024.1

    ________________________
    1    Non-GAAP financial measure that Management believes is useful for investors and management to understand pre-tax profitability before giving effect to credit loss expense and to provide additional perspective on the Corporation’s performance over time as well as comparison to the Corporation’s peers and evaluating the financial results of the Corporation – please refer to the Non GAAP reconciliations contained in this release.

    Average Total Loans

    Average total loans for the second quarter of 2025 were $3.88 billion versus $3.20 billion for the comparable period in 2024, an increase of $680 million or 21.25%. On a linked quarter basis, average loans increased $35 million or 0.92% from $3.84 billion as of March 31, 2025. Increases in average loans year-over-year were a combination of the acquisition of SimplyBank on July 1, 2024, and organic growth.

    Total Loans Outstanding

    Total loans outstanding as of June 30, 2025, were $3.90 billion compared to $3.20 billion as of June 30, 2024, an increase of $693 million or 21.62%. On a linked quarter basis, total loans increased $42.6 million or 1.11% from $3.85 billion as of March 31, 2025. The year-over-year increase was impacted by the $467 million in loans acquired in the SimplyBank acquisition in July 2024. Organic growth was primarily driven by increases in Commercial Construction and Development, Commercial Real Estate, and Consumer Auto loans.

    Norman D. Lowery, President and Chief Executive Officer, commented “We are pleased with our second quarter results, as we have experienced our 7th consecutive quarter of loan growth. We also had another record quarter of net interest income and saw our net margin expand to 4.15%. We expect continued improvement in coming quarters.”

    Average Total Deposits

    Average total deposits for the quarter ended June 30, 2025, were $4.65 billion versus $4.11 billion as of June 30, 2024, an increase of $537 million, or 13.06%. On a linked quarter basis, average deposits remained stable when compared to March 31, 2025. Increases in average deposits year-over-year were mostly a result of the acquisition of SimplyBank.

    Total Deposits

    Total deposits were $4.66 billion as of June 30, 2025, compared to $4.13 billion as of June 30, 2024. On a linked quarter basis, total deposits increased $22.9 million or 0.49% from $4.64 billion as of March 31, 2025. $622 million in deposits were acquired in the SimplyBank acquisition in July 2024. Non-interest bearing deposits were $860 million, and time deposits were $710 million as of June 30, 2025, compared to $749 million and $586 million, respectively for the same period of 2024.

    Shareholders’ Equity

    Shareholders’ equity at June 30, 2025, was $587.7 million compared to $530.7 million on June 30, 2024. During the last twelve months, the Corporation has not repurchased any shares of its common stock. 518,860 shares remain available for repurchase under the current repurchase authorization. The Corporation paid a $0.51 per share quarterly dividend in April and declared a $0.51 quarterly dividend, which was paid on July 15, 2025.

    Book Value Per Share

    Book Value per share was $49.59 as of June 30, 2025, compared to $44.92 as of June 30, 2024, an increase of $4.67 per share, or 10.40%. Tangible Book Value per share was $39.74 as of June 30, 2025, compared to $37.12 as of June 30, 2024, an increase of $2.62 per share or 7.06%.

    Tangible Common Equity to Tangible Asset Ratio

    The Corporation’s tangible common equity to tangible asset ratio was 8.58% at June 30, 2025, compared to 9.14% at June 30, 2024.

    Net Interest Income

    Net interest income for the second quarter of 2025 was a record $52.7 million, compared to $39.3 million reported for the same period of 2024, an increase of $13.4 million, or 34.0%. Interest income increased $13.4 million and interest expense increased $29 thousand year over year. As mentioned by in the president’s comments above, loan growth has continued for seven consecutive quarters, which contributed to steadily increasing net interest income.

    Net Interest Margin

    The net interest margin for the quarter ended June 30, 2025, was 4.15% compared to the 3.57% reported at June 30, 2024.

    Nonperforming Loans

    Nonperforming loans as of June 30, 2025, were $9.8 million versus $15.9 million as of June 30, 2024. The ratio of nonperforming loans to total loans and leases was 0.25% as of June 30, 2025, versus 0.50% as of June 30, 2024. On a linked quarter basis, nonperforming loans were $10.2 million, and the ratio of nonperforming loans to total loans and leases was 0.26% as of March 31, 2025.

    Credit Loss Provision

    The provision for credit losses for the three months ended June 30, 2025, was $2.0 million, compared to $3.0 million for the same period 2024.

    Net Charge-Offs

    In the second quarter of 2025 net charge-offs were $1.7 million compared to $4.7 million in the same period of 2024.

    Allowance for Credit Losses

    The Corporation’s allowance for credit losses as of June 30, 2025, was $47.1 million compared to $38.3 million as of June 30, 2024. The allowance for credit losses as a percent of total loans was 1.21% as of June 30, 2025, compared to 1.20% as of June 30, 2024. On a linked quarter basis, the allowance for credit losses as a percent of total loans decreased one basis point from 1.22% as of March 31, 2025.

    Non-Interest Income

    Non-interest income for the three months ended June 30, 2025 and 2024 was $10.4 million and $9.9 million, respectively.

    Non-Interest Expense

    Non-interest expense for the three months ended June 30, 2025, was $38.3 million compared to $32.7 million in 2024.

    Efficiency Ratio

    The Corporation’s efficiency ratio was 59.37% for the quarter ending June 30, 2025, versus 64.56% for the same period in 2024.

    Income Taxes

    Income tax expense for the three months ended June 30, 2025, was $4.2 million versus $2.2 million for the same period in 2024. The effective tax rate for 2025 was 18.58% compared to 16.29% for 2024.

    About First Financial Corporation

    First Financial Corporation (NASDAQ:THFF) is the holding company for First Financial Bank N.A., which is the fifth oldest national bank in the United States, operating 83 banking centers in Illinois, Indiana, Kentucky, Tennessee, and Georgia. Additional information is available at www.first-online.bank.

    Investor Contact:
    Rodger A. McHargue
    Chief Financial Officer
    P: 812-238-6334
    E: rmchargue@first-online.com

                                   
        Three Months Ended   Six Months Ended
        June 30,    March 31,   June 30,    June 30,    June 30, 
           2025      2025      2024      2025      2024
    END OF PERIOD BALANCES                              
    Assets   $ 5,602,969   $ 5,549,094   $ 4,891,068   $ 5,602,969   $ 4,891,068
    Deposits   $ 4,662,889   $ 4,640,003   $ 4,132,327   $ 4,662,889   $ 4,132,327
    Loans, including net deferred loan costs   $ 3,896,563   $ 3,854,020   $ 3,204,009   $ 3,896,563   $ 3,204,009
    Allowance for Credit Losses   $ 47,087   $ 46,835   $ 38,334   $ 47,087   $ 38,334
    Total Equity   $ 587,668   $ 571,945   $ 530,670   $ 587,668   $ 530,670
    Tangible Common Equity (a)   $ 470,894   $ 451,874   $ 438,569   $ 470,894   $ 438,569
                                   
    AVERAGE BALANCES                              
    Total Assets   $ 5,529,225   $ 5,508,767   $ 4,813,308   $ 5,518,996   $ 4,808,836
    Earning Assets   $ 5,213,220   $ 5,194,478   $ 4,556,839   $ 5,203,849   $ 4,561,650
    Investments   $ 1,244,208   $ 1,266,300   $ 1,279,278   $ 1,255,254   $ 1,293,800
    Loans   $ 3,877,246   $ 3,841,752   $ 3,197,695   $ 3,859,499   $ 3,188,921
    Total Deposits   $ 4,651,051   $ 4,650,883   $ 4,113,826   $ 4,650,967   $ 4,079,832
    Interest-Bearing Deposits   $ 3,843,143   $ 3,837,679   $ 3,413,752   $ 3,840,411   $ 3,369,921
    Interest-Bearing Liabilities   $ 269,338   $ 261,174   $ 152,303   $ 265,256   $ 186,864
    Total Equity   $ 576,288   $ 564,742   $ 517,890   $ 570,515   $ 520,305
                                   
    INCOME STATEMENT DATA                              
    Net Interest Income   $ 52,671   $ 51,975   $ 39,294   $ 104,646   $ 78,214
    Net Interest Income Fully Tax Equivalent (b)   $ 54,091   $ 53,373   $ 40,673   $ 107,464   $ 80,970
    Provision for Credit Losses   $ 1,950   $ 1,950   $ 2,966   $ 3,900   $ 4,766
    Non-interest Income   $ 10,381   $ 10,511   $ 9,905   $ 20,892   $ 19,336
    Non-interest Expense   $ 38,276   $ 36,759   $ 32,651   $ 75,035   $ 66,073
    Net Income   $ 18,586   $ 18,406   $ 11,369   $ 36,992   $ 22,293
                                   
    PER SHARE DATA                              
    Basic and Diluted Net Income Per Common Share   $ 1.57   $ 1.55   $ 0.96   $ 3.12   $ 1.89
    Cash Dividends Declared Per Common Share   $ 0.51   $ 0.51   $ 0.45   $ 1.02   $ 0.90
    Book Value Per Common Share   $ 49.59   $ 48.26   $ 44.92   $ 49.59   $ 44.92
    Tangible Book Value Per Common Share (c)   $ 38.78   $ 38.13   $ 36.04   $ 39.74   $ 37.12
    Basic Weighted Average Common Shares Outstanding     11,851     11,842     11,814     11,847     11,809

    ________________________
    (a)   Tangible common equity is a non-GAAP financial measure derived from GAAP-based amounts. We calculate tangible common equity by excluding goodwill and other intangible assets from shareholder’s equity.
    (b)   Net interest income fully tax equivalent is a non-GAAP financial measure derived from GAAP-based amounts. We calculate net interest income fully tax equivalent by adding back the tax equivalent factor of tax exempt income to net interest income. We calculate the tax equivalent factor of tax exempt income by dividing tax exempt income by the net of tax rate of 75%.
    (c)   Tangible book value per common share is a non-GAAP financial measure derived from GAAP-based amounts. We calculate the factor by dividing average tangible common equity by average shares outstanding. We calculate average tangible common equity by excluding average intangible assets from average shareholder’s equity.

                                   
    Key Ratios      Three Months Ended     Six Months Ended  
        June 30,         March 31,        June 30,         June 30,         June 30,   
        2025     2025     2024           2025     2024  
    Return on average assets   1.34 %   1.34 %   0.94 %   1.34 %   0.93 %
    Return on average common shareholder’s equity   12.90 %   13.04 %   8.78 %   12.97 %   8.57 %
    Efficiency ratio   59.37 %   57.54 %   64.56 %   58.46 %   65.87 %
    Average equity to average assets   10.42 %   10.25 %   10.76 %   10.34 %   10.82 %
    Net interest margin (a)   4.15 %   4.11 %   3.57 %   4.13 %   3.55 %
    Net charge-offs to average loans and leases   0.18 %   0.19 %   0.59 %   0.18 %   0.39 %
    Credit loss reserve to loans and leases   1.21 %   1.22 %   1.20 %   1.21 %   1.20 %
    Credit loss reserve to nonperforming loans   480.72 %   460.57 %   240.85 %   480.72 %   240.85 %
    Nonperforming loans to loans and leases   0.25 %   0.26 %   0.50 %   0.25 %   0.50 %
    Tier 1 leverage   10.91 %   10.63 %   12.14 %   10.91 %   12.14 %
    Risk-based capital – Tier 1   12.86 %   12.70 %   14.82 %   12.86 %   14.82 %

    ________________________
    (a)   Net interest margin is calculated on a tax equivalent basis.

                                   
    Asset Quality   Three Months Ended   Six Months Ended
           June 30,       March 31,      June 30,       June 30,       June 30, 
        2025   2025   2024   2025   2024
    Accruing loans and leases past due 30-89 days   $ 22,303   $ 17,007   $ 14,913   $ 22,303   $ 14,913
    Accruing loans and leases past due 90 days or more   $ 1,917   $ 1,109   $ 1,353   $ 1,917   $ 1,353
    Nonaccrual loans and leases   $ 7,878   $ 9,060   $ 14,563   $ 7,878   $ 14,563
    Other real estate owned   $ 383   $ 560   $ 170   $ 383   $ 170
    Nonperforming loans and other real estate owned   $ 10,178   $ 10,729   $ 16,086   $ 10,178   $ 16,086
    Total nonperforming assets   $ 13,087   $ 13,631   $ 18,978   $ 13,087   $ 18,978
    Gross charge-offs   $ 2,928   $ 3,241   $ 6,091   $ 6,169   $ 9,283
    Recoveries   $ 1,230   $ 1,394   $ 1,414   $ 2,624   $ 3,084
    Net charge-offs/(recoveries)   $ 1,698   $ 1,847   $ 4,677   $ 3,545   $ 6,199
                   
    Non-GAAP Reconciliations   Three Months Ended June 30, 
           2025      2024
    ($in thousands, except EPS)              
    Income before Income Taxes   $ 22,826     $ 13,582  
    Provision for credit losses     1,950       2,966  
    Provision for unfunded commitments     100       (300 )
    Pre-tax, Pre-provision Income   $ 24,876     $ 16,248  
                   
    Non-GAAP Reconciliations   Six Months Ended June 30, 
           2025      2024
    ($ in thousands, except EPS)              
    Income before Income Taxes   $ 46,603     $ 26,711  
    Provision for credit losses     3,900       4,766  
    Provision for unfunded commitments     100       (300 )
    Pre-tax, Pre-provision Income   $ 50,603     $ 31,177  
     
    CONSOLIDATED BALANCE SHEETS
    (Dollar amounts in thousands, except per share data)
     
           June 30,       December 31, 
        2025   2024
        (unaudited)
    ASSETS            
    Cash and due from banks   $ 97,265     $ 93,526  
    Federal funds sold     853       820  
    Securities available-for-sale     1,169,956       1,195,990  
    Loans:            
    Commercial     2,222,015       2,196,351  
    Residential     987,738       967,386  
    Consumer     681,538       668,058  
          3,891,291       3,831,795  
    (Less) plus:            
    Net deferred loan costs     5,272       5,346  
    Allowance for credit losses     (47,087 )     (46,732 )
          3,849,476       3,790,409  
    Restricted stock     17,528       17,555  
    Accrued interest receivable     25,888       26,934  
    Premises and equipment, net     79,741       81,508  
    Bank-owned life insurance     130,072       128,766  
    Goodwill     98,229       100,026  
    Other intangible assets     18,545       21,545  
    Other real estate owned     383       523  
    Other assets     115,033       102,746  
    TOTAL ASSETS   $ 5,602,969     $ 5,560,348  
                 
    LIABILITIES AND SHAREHOLDERS’ EQUITY            
    Deposits:            
    Non-interest-bearing   $ 859,699     $ 859,014  
    Interest-bearing:            
    Certificates of deposit exceeding the FDIC insurance limits     143,780       144,982  
    Other interest-bearing deposits     3,659,410       3,714,918  
          4,662,889       4,718,914  
    Short-term borrowings     149,512       187,057  
    FHLB advances     122,677       28,120  
    Other liabilities     80,223       77,216  
    TOTAL LIABILITIES     5,015,301       5,011,307  
                 
    Shareholders’ equity            
    Common stock, $.125 stated value per share;            
    Authorized shares-40,000,000            
    Issued shares-16,190,157 in 2025 and 16,165,023 in 2024            
    Outstanding shares-11,850,645 in 2025 and 11,842,539 in 2024     2,020       2,018  
    Additional paid-in capital     146,391       145,927  
    Retained earnings     712,271       687,366  
    Accumulated other comprehensive income/(loss)     (118,234 )     (132,285 )
    Less: Treasury shares at cost-4,339,512 in 2025 and 4,322,484 in 2024     (154,780 )     (153,985 )
    TOTAL SHAREHOLDERS’ EQUITY     587,668       549,041  
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   $ 5,602,969     $ 5,560,348  
     
    CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
    (Dollar amounts in thousands, except per share data)
     
        Three Months Ended   Six Months Ended
        June 30,    June 30, 
           2025      2024      2025      2024
                      (unaudited)
    INTEREST INCOME:                          
    Loans, including related fees   $ 64,775     $ 51,459     $ 128,387     $ 101,511  
    Securities:                           
    Taxable     5,915       5,833       11,917       11,764  
    Tax-exempt     2,622       2,601       5,226       5,204  
    Other     865       878       1,679       1,695  
    TOTAL INTEREST INCOME     74,177       60,771       147,209       120,174  
    INTEREST EXPENSE:                              
    Deposits     18,495       19,694       36,694       37,425  
    Short-term borrowings     1,398       959       3,091       1,935  
    Other borrowings     1,613       824       2,778       2,600  
    TOTAL INTEREST EXPENSE     21,506       21,477       42,563       41,960  
    NET INTEREST INCOME     52,671       39,294       104,646       78,214  
    Provision for credit losses     1,950       2,966       3,900       4,766  
    NET INTEREST INCOME AFTER PROVISION                              
    FOR LOAN LOSSES     50,721       36,328       100,746       73,448  
    NON-INTEREST INCOME:                             
    Trust and financial services     1,490       1,318       2,883       2,652  
    Service charges and fees on deposit accounts     7,554       6,730       15,139       13,437  
    Other service charges and fees     256       286       572       509  
    Securities gains (losses), net     (3 )     —       (3 )     —  
    Interchange income     180       135       394       314  
    Loan servicing fees     326       414       492       683  
    Gain on sales of mortgage loans     430       299       655       475  
    Other     148       723       760       1,266  
    TOTAL NON-INTEREST INCOME     10,381       9,905       20,892       19,336  
    NON-INTEREST EXPENSE:                              
    Salaries and employee benefits     19,689       17,380       38,937       34,710  
    Occupancy expense     2,472       2,201       5,148       4,560  
    Equipment expense     4,587       4,312       9,092       8,456  
    FDIC Expense     795       501       1,545       1,163  
    Other     10,733       8,257       20,313       17,184  
    TOTAL NON-INTEREST EXPENSE     38,276       32,651       75,035       66,073  
    INCOME BEFORE INCOME TAXES     22,826       13,582       46,603       26,711  
    Provision for income taxes     4,240       2,213       9,611       4,418  
    NET INCOME     18,586       11,369       36,992       22,293  
    OTHER COMPREHENSIVE INCOME (LOSS)                              
    Change in unrealized gains/(losses) on securities, net of reclassifications and taxes     2,946       3,535       14,046       (7,561 )
    Change in funded status of post retirement benefits, net of taxes     2       74       5       147  
    COMPREHENSIVE INCOME (LOSS)   $ 21,534     $ 14,978     $ 51,043     $ 14,879  
    PER SHARE DATA                              
    Basic and Diluted Earnings per Share   $ 1.57     $ 0.96     $ 3.12     $ 1.89  
    Weighted average number of shares outstanding (in thousands)     11,851       11,814       11,847       11,809  

    The MIL Network –