Category: Finance

  • MIL-OSI USA: ICE Detroit arrests suspected member of foreign terrorist organization Tren de Aragua

    Source: US Immigration and Customs Enforcement

    TRAVERSE CITY, Mich. — Officers and agents with ICE Detroit arrested a suspected member of the foreign terrorist organization Tren De Aragua in Traverse City, Michigan, on the 4th of July.

    Enforcement and Removal Operations alongside Homeland Security Investigations arrested Kleiber Siso Balza, a 25-year-old illegal alien from Venezuela.

    Siso has an active warrant out of Virginia for possession of burglary tools and a pending charge out of Florida for larceny. Siso was apprehended in the company of three other men who were also in the country illegally.

    “Our teams are working daily to remove criminal aliens and immigration violators from our communities across Michigan and Ohio,” said ICE ERO Detroit acting Field Office Director Kevin Raycraft. “I’m extraordinarily grateful to our officers for their service, especially when they sacrifice time with their own families to keep our communities safe.”

    “Tren De Aragua is known to engage in sex trafficking, debt bondage, drug trafficking, and murder to advance their interests,” said ICE HSI Detroit acting Special Agent in Charge Jared Murphey. “We’re thankful to have the assistance of our TSA, Federal Air Marshals and IRS partners in executing this important mission.”

    Members of the public can report immigration crimes or suspicious activity by dialing the ICE Tip Line at 866-DHS-2-ICE (866-347-2423) or completing the online tip form.

    Learn more about ICE Detroit’s mission to increase public safety in our Michigan and Ohio communities on X at @ERODetroit and @HSIDetroit.

    MIL OSI USA News

  • MIL-OSI: USDT-Staking Empowers Investors to Earn Daily Passive Income Through Stable and Secure USDT Staking

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 16, 2025 (GLOBE NEWSWIRE) — USDT-Staking has been developed to support simplicity, transparency, and access to staking when utilizing USDT compared to other cryptocurrencies. USDT-Staking offers a unique pledge-based staking model that provides consistent returns and total user control over one’s own assets. USDT-Staking allows first time or seasoned investors to safely stake USDT and develop engagement in the digital economy in a simple way.

    A New Way to Make Money in Crypto – No Trading or Mining Required

    Unlike platforms that rely on volatile tokens or energy-consuming mining processes, USDT-Staking offers a low-risk investment solution built around USDT, one of the most stable digital assets in the market. Through its pledge model, users deposit their USDT, choose a plan, and receive fixed returns daily.

    This innovative approach, also known as pledge investing, removes the guesswork from earning with crypto. There’s no need to watch charts, time the market, or worry about price crashes. Users earn while their principal remains protected in a stable asset.

    “We’ve created a platform that delivers true financial freedom. With USDT-Staking, anyone can earn passive income with confidence,” said a spokesperson for the company.

    Why USDT? Stability Meets Profitability

    USDT (Tether) is a stablecoin pegged to the value of the U.S. dollar, which helps to mitigate a lot of the volatility typically associated with cryptocurrency. The nature of USDT makes it the ideal mechanism for staking due to its stability.  This ultimately signifies it is good for anyone seeking predictable returns rather than speculative gains.

    By staking USDT, investors can receive compoundable daily earnings while avoiding the fevered volatility of Bitcoin, Ethereum and many altcoins. USDT-Staking represents a smart staking model ideal for conservative investors, retirees, and individuals wishing to preserve capital while growing wealth.

    Key Features of USDT-Staking

    • Daily Interest Payouts – Earnings are deposited to users’ accounts every 24 hours.
    • Flexible Pledge Plans – Choose from short or long-term staking options based on your goals.
    • Zero Volatility Exposure – Your funds stay in USDT, minimizing risk.
    • No Lock-in Restrictions – Withdraw your capital or rewards anytime with no penalties.
    • User-Centric Dashboard – Easily track performance, manage funds, and reinvest earnings.
    • Fully Transparent – Operates on smart contracts with visible, verifiable transactions.
    • Secure Infrastructure – Built on industry-standard encryption and decentralized architecture.

    How to Get Started on USDT-Staking

    Getting started is simple. In just a few steps, anyone can start earning from their USDT holdings:

    1. Visit https://usdt-staking.xyz/#/?ref=292005
    2. Sign Up – Quick registration with a secure account setup
    3. Deposit USDT – Use your wallet to fund your account
    4. Choose a Plan – Select the pledge period and rate that fits your needs
    5. Start Earning – Sit back and enjoy daily returns deposited directly to your balance

    Whether staking for a week or several months, USDT-Staking offers plans that suit every type of investor.

    The Future of Passive Crypto Income is here

    Pledge investing is emerging as one of the safest and most practical DeFi strategies. By locking in USDT and earning interest over time, users are creating steady financial growth without having to become experts in the crypto space.

    USDT-Staking has taken this concept and perfected it with user-first tools, instant withdrawals, and high APYs. While some staking platforms make it difficult to access funds or provide unclear reward structures, USDT-Staking keeps everything transparent, automated, and predictable.

    Who Can Benefit from USDT-Staking?

    • Crypto Beginners who want to earn without trading experience
    • Passive Income Seekers looking for safer options than DeFi tokens or NFTs
    • Long-Term Holders who want to put idle USDT to work
    • Traditional Investors exploring stable crypto returns
    • Global Users seeking access to borderless, permissionless income tools

    Whether you’re investing $10 or $10,000, USDT-Staking scales with your financial vision.

    Security, Simplicity, and Support

    Security is at the core of USDT-Staking’s infrastructure. The platform uses encrypted connections, decentralized smart contracts, and real-time monitoring to ensure funds are safe and users remain in control at all times.

    In addition, a responsive support team is available 24/7 to guide users through any questions, from wallet setup to choosing the right plan.

    About USDT-Staking

    USDT-Staking is a decentralized pledge investment platform offering stable and high-yield staking services for USDT holders. With its commitment to transparency, user empowerment, and zero-risk investing, USDT-Staking is redefining what it means to earn in the world of crypto. The platform enables global access to reliable staking plans backed by security, simplicity, and consistency.

    Conclusion: Your Gateway to Consistent Crypto Earnings

    As the cryptocurrency industry matures, there is an ever growing interest in finding safer ways to grow digital assets – and USDT-Staking is a trusted and innovative platform for earning stable, secure, and sustainable income through USDT staking.

    USDT-Staking is perfect for those looking to better enhance their crypto portfolios in a big way. USDT-Staking has extremely simple set up and use, transparent and predictable rewards, and you start earning every day. This could be an excellent option for everyone to unlock the true potential of your crypto portfolio, all while avoiding the risks typically associated with cryptocurrency trading and cryptocurrency mining.

    USDT-Staking is a proven way for both new and seasoned investors to earn income on a consistent and long-term basis in the decentralized economy.

    To learn more about our platform, staking plans, and how you can start earning passive income today, please visit our official website: https://usdt-staking.xyz/#/?ref=292005

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network

  • MIL-OSI: AvePoint Announces Redemption of Outstanding Public Warrants

    Source: GlobeNewswire (MIL-OSI)

    JERSEY CITY, N.J., July 16, 2025 (GLOBE NEWSWIRE) — AvePoint (Nasdaq: AVPT), the global leader in data security, governance and resilience, today announced that it has completed the redemption of its publicly traded warrants (the “Warrants”) to purchase shares of AvePoint’s common stock, $0.0001 par value per share (“Common Stock”), that were issued under the Warrant Agreement, dated September 16, 2019, by and between AvePoint’s predecessor company, Apex Technology Acquisition Corporation (“Apex”), and Continental Stock Transfer & Trust Company, as warrant agent, (the “Warrant Agreement”) as part of the units sold in Apex’s initial public offering, that remained unexercised at 5:00 p.m., New York City time on July 11, 2025 (the “Redemption Date”) for a redemption price of $0.01 per Warrant (the “Redemption Price”).

    On June 11, 2025, AvePoint filed a Form 8-K/A stating that, pursuant to the Warrant Agreement, it would redeem all Warrants that remained outstanding at 5:00 p.m., New York City time, on the Redemption Date at the Redemption Price. Of the 1,242,994 Warrants that were outstanding as of the date AvePoint announced the redemption of its public warrants on June 11, 2025, 1,053,498 were subsequently exercised. Total cash proceeds generated from the Warrant exercises were approximately $12.1 million. A total of 189,496 Warrants remained unexercised as of 5:00 p.m., New York City time, on the Redemption Date, and AvePoint redeemed those Warrants for an aggregate redemption price of approximately $1,895. Following the Redemption Date, AvePoint had no Warrants outstanding and 211,879,134 shares of Common Stock outstanding.

    In connection with the redemption, the Warrants ceased trading on the Nasdaq Global Select Market (“Nasdaq”) and will be delisted, with the trading suspension effective as of July 11, 2025. The Common Stock continues to trade on Nasdaq under the symbol “AVPT.”

    No Offer or Solicitation

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of AvePoint, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful.

    About AvePoint 

    Beyond Secure. AvePoint is a global leader in data security, governance, and resilience, going beyond traditional solutions to ensure a robust data foundation and enable organizations everywhere to collaborate with confidence. Over 25,000 customers worldwide rely on the AvePoint Confidence Platform to prepare, secure, and optimize their critical data across Microsoft, Google, Salesforce, and other collaboration environments. AvePoint’s global channel partner program includes over 5,000 managed service providers, value-added resellers and systems integrators, with our solutions available in more than 100 cloud marketplaces. To learn more, visit www.avepoint.com.

    Forward-Looking Statements 

    This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint’s business and changes in AvePoint’s ability to implement business plans, forecasts, and ability to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AvePoint’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Copies of these and other documents filed by AvePoint from time to time are available on the SEC’s website, www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint does not assume any obligation and does not intend to update or revise these forward-looking statements after the date of this release, whether as a result of new information, future events, or otherwise, except as required by law. AvePoint does not give any assurance that it will achieve its expectations. Unless the context otherwise indicates, references in this press release to the terms “AvePoint”, “the Company”, “we”, “our” and “us” refer to AvePoint, Inc. and its subsidiaries

    Disclosure Information

    AvePoint uses the https://www.avepoint.com/ir website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. 

    Investor Contact 
    AvePoint 
    Jamie Arestia 
    ir@avepoint.com 
    (551) 220-5654 

    Media Contact 
    AvePoint 
    Nicole Caci 
    pr@avepoint.com 
    (201) 201-8143 

    The MIL Network

  • MIL-OSI: Berry Corporation Announces Date for Second Quarter 2025 Earnings Release and Conference Call/Webcast

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, July 16, 2025 (GLOBE NEWSWIRE) — Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) today announced it will report second quarter 2025 results on Wednesday, August 6, 2025, after the close of U.S. financial markets and will host a conference call and webcast Thursday, August 7, 2025, to discuss these results; details and links are provided below:

    Earnings Call Information

    Call Date:  Thursday, August 7, 2025
    Call Time: 11:00 a.m. Eastern Time / 10:00 a.m. Central Time / 8:00 a.m. Pacific Time
       

    Join the live listen-only audio webcast at https://edge.media-server.com/mmc/p/nngi4arf or at https://bry.com/category/events

    If you would like to ask a question on the live call, please pre-register using the following link:

    https://register-conf.media-server.com/register/BIb2be5f52d4874ace92c29a164ea18802

    Once registered, you will receive the dial-in numbers and a unique PIN number. You may then dial in or have a call back. When you dial in, you will input your PIN and be placed into the call. If you register and forget your PIN or lose your registration confirmation email, you may simply re-register and receive a new PIN.

    A web based audio replay will be available shortly after the broadcast and will be archived at https://ir.bry.com/reports-resources or visit https://edge.media-server.com/mmc/p/nngi4arf or https://bry.com/category/events

    About Berry Corporation (BRY)

    Berry is a publicly traded (NASDAQ: BRY) western United States independent upstream energy company with a focus on onshore, low geologic risk, long-lived oil and gas reserves. We operate in two business segments: (i) exploration and production (“E&P”) and (ii) well servicing and abandonment services. Our E&P assets are located in California and Utah, are characterized by high oil content and are predominantly located in rural areas with low population. Our California assets are in the San Joaquin Basin (100% oil), and our Utah assets are in the Uinta Basin (65% oil). We provide our well servicing and abandonment services to third party operators in California and our California E&P operations through C&J Well Services (CJWS). More information can be found at the Company’s website at www.bry.com.

    COMPANY CONTACT:                
    Christopher Denison – Director of Investor Relations
    ir@bry.com
    (661) 616-3811

    The MIL Network

  • MIL-OSI: SPS Commerce Announces Date of Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, July 16, 2025 (GLOBE NEWSWIRE) — SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the second quarter ended June 30, 2025, after the market close on Wednesday, July 30, 2025. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day.

    To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce conference call. A live webcast of the call will also be available at http://investors.spscommerce.com under the Events and Presentations menu. The replay will also be available on our website at http://investors.spscommerce.com.

    About SPS Commerce

    SPS Commerce is the world’s leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service, and accessible experts so our customers can focus on what they do best. Over 50,000 recurring revenue customers in retail, grocery, distribution, supply, manufacturing, and logistics are using SPS as their retail network. SPS has achieved 97 consecutive quarters of revenue growth and is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit www.spscommerce.com.

    SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries.

    Contact:

    Investor Relations
    The Blueshirt Group
    Irmina Blaszczyk
    Lisa Laukkanen
    SPSC@blueshirtgroup.com
    415-217-4962

    SPS-F

    The MIL Network

  • MIL-OSI: Portman Ridge Finance Corporation Schedules Second Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 16, 2025 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge” or the “Company”) is to release its financial results for the second quarter ended June 30, 2025, on Thursday, August 7, 2025, after market close. The Company will host a conference call on Friday, August 8, 2025, at 10:00 a.m. ET to discuss these results.

    By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 1430967.
                    
    A replay of this conference call will be available shortly after the live call through August 15, 2025.

    By Webcast: A live audio webcast of the conference call can be accessed via the Internet, on a listen-only basis at https://edge.media-server.com/mmc/p/aty7k6qp. The online archive of the webcast will be available on the Company’s website shortly after the call at www.portmanridge.com in the Investor Relations section under Events and Presentations.

    About Portman Ridge Finance Corporation

    PTMN is a publicly traded, externally managed closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. PTMN’s middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. PTMN’s investment activities are managed by its investment adviser, Sierra Crest Investment Management LLC, an affiliate of BC Partners Advisors L.P.

    PTMN’s filings with the Securities and Exchange Commission (“SEC”), earnings releases, press releases and other financial, operational and governance information are available on Portman Ridge’s website at www.portmanridge.com.

    Contacts:
    Portman Ridge Finance Corporation
    650 Madison Avenue, 3rd floor
    New York, NY 10022
    info@portmanridge.com

    Brandon Satoren
    Chief Financial Officer
    Brandon.Satoren@bcpartners.com
    (212) 891-2880

    The Equity Group Inc.
    Lena Cati
    lcati@equityny.com
    (212) 836-9611

    The Equity Group Inc.
    Val Ferraro
    vferraro@equityny.com
    (212) 836-9633

    The MIL Network

  • MIL-OSI: Triumph Releases Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    DALLAS , July 16, 2025 (GLOBE NEWSWIRE) — Triumph Financial, Inc. (Nasdaq: TFIN) has released its second quarter 2025 financial results. The 2Q 2025 financial results and shareholder letter are available on the Company’s website at ir.triumph.io through the News & Events, Events & Presentations links.

    Aaron P. Graft, Vice Chairman & CEO, and Brad Voss, CFO, will review the financial results in a conference call with investors and analysts beginning at 9:30 a.m. central time on Thursday, July 17, 2025.

    The live video conference option may be accessed directly through this link, https://triumph-financial-q2-2025-earnings.open-exchange.net/ or via the Company’s IR website at ir.triumph.io through the News & Events, Events & Presentations links. An archive of this conference call will subsequently be available at the same location, referenced above, on the Company’s website.

    About Triumph

    Triumph (Nasdaq: TFIN) is a financial and technology company focused on payments, factoring, intelligence and banking to modernize and simplify freight transactions. Headquartered in Dallas, Texas, its portfolio of brands includes Triumph, TBK Bank and LoadPay.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Triumph Financial’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 11, 2025. Forward-looking statements speak only as of the date made and Triumph Financial undertakes no duty to update the information.

    Source: Triumph Financial, Inc.

    Investor Relations:
    Luke Wyse
    Executive Vice President, Head of Investor Relations
    lwyse@tfin.com
    214-365-6936

    Media Contact:
    Amanda Tavackoli
    Senior Vice President, Director of Corporate Communication
    atavackoli@tfin.com
    214-365-6930

    The MIL Network

  • MIL-OSI: Synaptics to Report Fourth Quarter and Full Year Fiscal 2025 Results on August 7, 2025

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., July 16, 2025 (GLOBE NEWSWIRE) — Synaptics® Incorporated (Nasdaq: SYNA) today announced that it will report financial results for the fourth quarter and full year of fiscal 2025 on Thursday, August 7, 2025, after the market closes. The Company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET), to discuss the results.

    To participate on the live call, analysts and investors should pre-register at Synaptics Q4 FY2025 Earnings Call Registration.
    https://register-conf.media-server.com/register/BIf75ecb14f9714f7d81a1df40e7a7f797

    Registrants will receive dial-in information and a unique passcode to access the call. We encourage participants to dial-in at least ten minutes before the scheduled start time.

    A live and archived webcast of the conference call, as well as associated materials, will be accessible from the “Investor Relations” section of the Company’s website at https://investor.synaptics.com.

    About Synaptics Incorporated:
    Synaptics (Nasdaq: SYNA) is driving innovation in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices, whether at home, at work, or on the move. As a go-to partner for forward-thinking product innovators, Synaptics powers the future with its cutting-edge Synaptics Astra™ AI-Native embedded compute, Veros™ wireless connectivity, and multimodal sensing solutions. We’re making the digital experience smarter, faster, more intuitive, secure, and seamless. From touch, display, and biometrics to AI-driven wireless connectivity, video, vision, audio, speech, and security processing, Synaptics is a force behind the next generation of technology enhancing how we live, work, and play. 

    Follow Synaptics on LinkedIn, X, and Facebook, or visit www.synaptics.com.

    For further information, please contact:
    Munjal Shah
    Synaptics
    +1-408-518-7639
    munjal.shah@synaptics.com

    The MIL Network

  • MIL-OSI: South Plains Financial, Inc. Reports Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    LUBBOCK, Texas, July 16, 2025 (GLOBE NEWSWIRE) — South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today reported its financial results for the quarter ended June 30, 2025.

    Second Quarter 2025 Highlights

    • Net income for the second quarter of 2025 was $14.6 million, compared to $12.3 million for the first quarter of 2025 and $11.1 million for the second quarter of 2024.
    • Diluted earnings per share for the second quarter of 2025 was $0.86, compared to $0.72 for the first quarter of 2025 and $0.66 for the second quarter of 2024.
    • Average cost of deposits for the second quarter of 2025 was 214 basis points, compared to 219 basis points for the first quarter of 2025 and 243 basis points for the second quarter of 2024.
    • Net interest margin, on a tax-equivalent basis, was 4.07% for the second quarter of 2025, compared to 3.81% for the first quarter of 2025 and 3.63% for the second quarter of 2024.
    • Return on average assets for the second quarter of 2025 was 1.34%, compared to 1.16% for the first quarter of 2025 and 1.07% for the second quarter of 2024.
    • Tangible book value (non-GAAP) per share was $26.70 as of June 30, 2025, compared to $26.05 as of March 31, 2025 and $24.15 as of June 30, 2024.
    • The consolidated total risk-based capital ratio, common equity tier 1 risk-based capital ratio, and tier 1 leverage ratio at June 30, 2025 were 18.17%, 13.86%, and 12.12%, respectively.

    Curtis Griffith, South Plains’ Chairman and Chief Executive Officer, commented, “We delivered solid second quarter results highlighted by steady margin expansion, continued loan growth despite high levels of loan payoffs, which were expected, and healthy capital levels that continued to build through the quarter. Additionally, we believe the credit quality of our loan portfolio remained solid through the quarter. We believe that we are in a strong position to take advantage of opportunities as they present themselves and are pursuing a strategy to increase the assets of the Bank primarily focused on expanding our lending capabilities. Our community-based deposit franchise continues to provide a stable, lower-cost funding source for loan growth across our markets and our team has done a terrific job growing our loan portfolio over the last five years. We believe that we have opportunities to accelerate that growth by further expanding our lending platform and adding experienced commercial lenders who share our culture and values, and who can bring high quality customer relationships to the Bank. We recruited several experienced lenders in the Dallas market during the second quarter and will continue to add talent in the quarters to come as we expand our reach and continue to work to take market share.”

    Results of Operations, Quarter Ended June 30, 2025

    Net Interest Income

    Net interest income was $42.5 million for the second quarter of 2025, compared to $38.5 million for the first quarter of 2025 and $35.9 million for the second quarter of 2024. Net interest margin, calculated on a tax-equivalent basis, was 4.07% for the second quarter of 2025, compared to 3.81% for the first quarter of 2025 and 3.63% for the second quarter of 2024. The average yield on loans was 6.99% for the second quarter of 2025, compared to 6.67% for the first quarter of 2025 and 6.60% for the second quarter of 2024. The average cost of deposits was 214 basis points for the second quarter of 2025, which is 5 basis points lower than the first quarter of 2025 and 29 basis points lower than the second quarter of 2024. There was a recovery of $1.7 million in interest during the second quarter of 2025, related to a full repayment of a loan that had previously been on nonaccrual. This recovery positively impacted the net interest margin by 17 basis points and the loan yield by 23 basis points during the second quarter of 2025.

    Interest income was $64.1 million for the second quarter of 2025, compared to $59.9 million for the first quarter of 2025 and $59.2 million for the second quarter of 2024. Interest income increased $4.2 million in the second quarter of 2025 from the first quarter of 2025, which was primarily comprised of an increase of $3.3 million in loan interest income and an increase of $888 thousand in interest income on other earning assets. The increase in loan interest income was due primarily to the $1.7 million recovery of interest and growth of $20.0 million in average loans outstanding during the second quarter of 2025. The increase in interest income on other earning assets was mainly due to an increase of $69.8 million in average other interest-earning assets during the second quarter of 2025. Interest income increased $4.9 million in the second quarter of 2025 compared to the second quarter of 2024. This increase was primarily due to the $1.7 million recovery of interest and an increase of average loans of $12.0 million and higher loan interest rates during the period, resulting in growth of $3.3 million in loan interest income.

    Interest expense was $21.6 million for the second quarter of 2025, compared to $21.4 million for the first quarter of 2025 and $23.3 million for the second quarter of 2024. Interest expense increased $237 thousand compared to the first quarter of 2025 and decreased $1.7 million compared to the second quarter of 2024. The $237 thousand increase was primarily as a result of a $21.2 million increase in average interest-bearing deposits during the second quarter of 2025 as compared to the first quarter of 2025. The $1.7 million decrease was primarily as a result of a 42 basis point decline in the cost of interest-bearing deposits, partially offset by an increase of $151.3 million in average interest-bearing deposits in the second quarter of 2025 as compared to the second quarter of 2024.

    Noninterest Income and Noninterest Expense

    Noninterest income was $12.2 million for the second quarter of 2025, compared to $10.6 million for the first quarter of 2025 and $12.7 million for the second quarter of 2024. The increase from the first quarter of 2025 was primarily due to an increase of $1.5 million in mortgage banking revenues, mainly as a result of an increase of $1.4 million in the fair value adjustment of the mortgage servicing rights assets as interest rates that affect the value stabilized in the second quarter of 2025 after declining in the first quarter of 2025. The decrease in noninterest income for the second quarter of 2025 as compared to the second quarter of 2024 was primarily due to a decrease of $523 thousand in income from investments in Small Business Investment Companies.

    Noninterest expense was $33.5 million for the second quarter of 2025, compared to $33.0 million for the first quarter of 2025 and $32.6 million for the second quarter of 2024. The $513 thousand increase from the first quarter of 2025 was largely the result of an increase of $267 thousand in personnel expenses and $144 thousand in increased professional service expenses. The $971 thousand increase in noninterest expense for the second quarter of 2025 as compared to the second quarter of 2024 was largely the result of an increase of $509 thousand in personnel expenses, mainly a result of annual salary adjustments.

    Loan Portfolio and Composition

    Loans held for investment were $3.10 billion as of June 30, 2025, compared to $3.08 billion as of March 31, 2025 and $3.09 billion as of June 30, 2024. The increase of $23.1 million, or 3.0% annualized, during the second quarter of 2025 as compared to the first quarter of 2025 occurred primarily as a result of organic loan growth experienced broadly across the portfolio, partially offset by a decrease of $52.6 million in multi-family property loans mainly due to the payoff of three loans totaling $49.1 million. As of June 30, 2025, loans held for investment increased $4.7 million, or 0.2%, from June 30, 2024.

    Deposits and Borrowings

    Deposits totaled $3.74 billion as of June 30, 2025, compared to $3.79 billion as of March 31, 2025 and $3.62 billion as of June 30, 2024. Deposits decreased by $53.6 million, or 1.4%, in the second quarter of 2025 from March 31, 2025. Deposits increased by $114.4 million, or 3.2%, at June 30, 2025 as compared to June 30, 2024. Noninterest-bearing deposits were $998.8 million as of June 30, 2025, compared to $966.5 million as of March 31, 2025 and $951.6 million as of June 30, 2024. Noninterest-bearing deposits represented 26.7% of total deposits as of June 30, 2025. The quarterly change in total deposits was mainly due to a seasonal decrease of $73.7 million in public fund deposits, partially offset by organic growth in retail and commercial deposits. The year-over-year increase in total deposits was primarily the result of continued organic growth in retail and commercial deposits.

    Asset Quality

    The Company recorded a provision for credit losses in the second quarter of 2025 of $2.5 million, compared to $420 thousand in the first quarter of 2025 and $1.8 million in the second quarter of 2024. The provision during the second quarter of 2025 was largely attributable to an increase in specific reserves, net charge-off activity, increased loan balances, and several credit quality downgrades.

    The ratio of allowance for credit losses to loans held for investment was 1.45% as of June 30, 2025, compared to 1.40% as of March 31, 2025 and 1.40% as of June 30, 2024.

    The ratio of nonperforming assets to total assets was 0.25% as of June 30, 2025, compared to 0.16% as of March 31, 2025 and 0.57% as of June 30, 2024. Annualized net charge-offs were 0.06% for the second quarter of 2025, compared to 0.07% for the first quarter of 2025 and 0.10% for the second quarter of 2024.

    Capital

    Book value per share increased to $27.98 at June 30, 2025, compared to $27.33 at March 31, 2025. The change was primarily driven by $12.2 million of net income after dividends paid, partially offset by a decrease in accumulated other comprehensive income of $2.3 million. The ratio of tangible common equity to tangible assets (non-GAAP) increased 34 basis points to 9.98% during the second quarter of 2025.

    Conference Call

    South Plains will host a conference call to discuss its second quarter 2025 financial results today, July 16, 2025, at 5:00 p.m., Eastern Time. Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call and conference materials will be available on the Company’s website at https://www.spfi.bank/news-events/events.

    A replay of the conference call will be available within two hours of the conclusion of the call and can be accessed on the investor section of the Company’s website as well as by dialing 1-844-512-2921 (international callers please dial 1-412-317-6671). The pin to access the telephone replay is 13754259. The replay will be available until July 30, 2025.

    About South Plains Financial, Inc.

    South Plains is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank is one of the largest independent banks in West Texas and has additional banking operations in the Dallas, El Paso, Greater Houston, the Permian Basin, and College Station, Texas markets, and the Ruidoso, New Mexico market. South Plains provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas. Its principal business activities include commercial and retail banking, along with investment, trust and mortgage services. Please visit https://www.spfi.bank for more information.

    Non-GAAP Financial Measures

    Some of the financial measures included in this press release are not measures of financial performance recognized in accordance with generally accepted accounting principles in the United States (“GAAP”). These non-GAAP financial measures include Tangible Book Value Per Share, Tangible Common Equity to Tangible Assets, and Pre-Tax, Pre-Provision Income. The Company believes these non-GAAP financial measures provide both management and investors a more complete understanding of the Company’s financial position and performance. These non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP financial measures.

    We classify a financial measure as being a non-GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with GAAP as in effect from time to time in the United States in our statements of income, balance sheets or statements of cash flows. Not all companies use the same calculation of these measures; therefore, this presentation may not be comparable to other similarly titled measures as presented by other companies.

    A reconciliation of non-GAAP financial measures to GAAP financial measures is provided at the end of this press release.

    Available Information

    The Company routinely posts important information for investors on its web site (under www.spfi.bank and, more specifically, under the News & Events tab at www.spfi.bank/news-events/press-releases). The Company intends to use its web site as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD (Fair Disclosure) promulgated by the U.S. Securities and Exchange Commission (the “SEC”). Accordingly, investors should monitor the Company’s web site, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts.

    The information contained on, or that may be accessed through, the Company’s web site is not incorporated by reference into, and is not a part of, this document.

    Forward Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect South Plains’ current views with respect to future events and South Plains’ financial performance. Any statements about South Plains’ expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. South Plains cautions that the forward-looking statements in this press release are based largely on South Plains’ expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond South Plains’ control. Factors that could cause such changes include, but are not limited to, the impact on us and our customers of a decline in general economic conditions and any regulatory responses thereto; potential recession in the United States and our market areas; the impacts related to or resulting from uncertainty in the banking industry as a whole; increased competition for deposits in our market areas and related changes in deposit customer behavior; the impact of changes in market interest rates, whether due to a continuation of the elevated interest rate environment or further reductions in interest rates and a resulting decline in net interest income; the lingering inflationary pressures, and the risk of the resurgence of elevated levels of inflation, in the United States and our market areas; the uncertain impacts of ongoing quantitative tightening and current and future monetary policies of the Board of Governors of the Federal Reserve System; changes in unemployment rates in the United States and our market areas; adverse changes in customer spending and savings habits; declines in commercial real estate values and prices; a deterioration of the credit rating for U.S. long-term sovereign debt or uncertainty regarding United States fiscal debt, deficit and budget matters; cyber incidents or other failures, disruptions or breaches of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber-attacks; severe weather, natural disasters, acts of war or terrorism, geopolitical instability or other external events, including as a result of the policies of the current U.S. presidential administration or Congress; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts and the resulting impact on the Company and its customers; competition and market expansion opportunities; changes in non-interest expenditures or in the anticipated benefits of such expenditures; the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learnings; potential costs related to the impacts of climate change; current or future litigation, regulatory examinations or other legal and/or regulatory actions; and changes in applicable laws and regulations. Additional information regarding these risks and uncertainties to which South Plains’ business and future financial performance are subject is contained in South Plains’ most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q on file with the SEC, including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of such documents, and other documents South Plains files or furnishes with the SEC from time to time, which are available on the SEC’s website, www.sec.gov. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements due to additional risks and uncertainties of which South Plains is not currently aware or which it does not currently view as, but in the future may become, material to its business or operating results. Due to these and other possible uncertainties and risks, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized and readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Any forward-looking statements presented herein are made only as of the date of this press release, and South Plains does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, new information, the occurrence of unanticipated events, or otherwise, except as required by applicable law. All forward-looking statements, express or implied, included in the press release are qualified in their entirety by this cautionary statement.

    Contact: Mikella Newsom, Chief Risk Officer and Secretary
      (866) 771-3347
      investors@city.bank
       

    Source: South Plains Financial, Inc.

     
    South Plains Financial, Inc.
    Consolidated Financial Highlights – (Unaudited)
    (Dollars in thousands, except share data)
     
      As of and for the quarter ended
      June 30,
    2025
      March 31,
    2025
      December 31,
    2024
      September 30,
    2024
      June 30,
    2024
    Selected Income Statement Data:                            
    Interest income $ 64,135     $ 59,922     $ 61,324     $ 61,640     $ 59,208  
    Interest expense   21,632       21,395       22,776       24,346       23,320  
    Net interest income   42,503       38,527       38,548       37,294       35,888  
    Provision for credit losses   2,500       420       1,200       495       1,775  
    Noninterest income   12,165       10,625       13,319       10,635       12,709  
    Noninterest expense   33,543       33,030       29,948       33,128       32,572  
    Income tax expense   4,020       3,408       4,222       3,094       3,116  
    Net income   14,605       12,294       16,497       11,212       11,134  
    Per Share Data (Common Stock):                            
    Net earnings, basic $ 0.90     $ 0.75     $ 1.01     $ 0.68     $ 0.68  
    Net earnings, diluted   0.86       0.72       0.96       0.66       0.66  
    Cash dividends declared and paid   0.15       0.15       0.15       0.14       0.14  
    Book value   27.98       27.33       26.67       27.04       25.45  
    Tangible book value (non-GAAP)   26.70       26.05       25.40       25.75       24.15  
    Weighted average shares outstanding, basic   16,231,627       16,415,862       16,400,361       16,386,079       16,425,360  
    Weighted average shares outstanding, dilutive   16,886,993       17,065,599       17,161,646       17,056,959       16,932,077  
    Shares outstanding at end of period   16,230,475       16,235,647       16,455,826       16,386,627       16,424,021  
    Selected Period End Balance Sheet Data:                            
    Cash and cash equivalents $ 470,496     $ 536,300     $ 359,082     $ 471,167     $ 298,006  
    Investment securities   570,000       571,527       577,240       606,889       591,031  
    Total loans held for investment   3,098,978       3,075,860       3,055,054       3,037,375       3,094,273  
    Allowance for credit losses   45,010       42,968       43,237       42,886       43,173  
    Total assets   4,363,674       4,405,209       4,232,239       4,337,659       4,220,936  
    Interest-bearing deposits   2,740,179       2,826,055       2,685,366       2,720,880       2,672,948  
    Noninterest-bearing deposits   998,759       966,464       935,510       998,480       951,565  
    Total deposits   3,738,938       3,792,519       3,620,876       3,719,360       3,624,513  
    Borrowings   111,799       110,400       110,354       110,307       110,261  
    Total stockholders’ equity   454,074       443,743       438,949       443,122       417,985  
    Summary Performance Ratios:                            
    Return on average assets (annualized)   1.34 %     1.16 %     1.53 %     1.05 %     1.07 %
    Return on average equity (annualized)   13.05 %     11.30 %     14.88 %     10.36 %     10.83 %
    Net interest margin (1)   4.07 %     3.81 %     3.75 %     3.65 %     3.63 %
    Yield on loans   6.99 %     6.67 %     6.69 %     6.68 %     6.60 %
    Cost of interest-bearing deposits   2.91 %     2.93 %     3.12 %     3.36 %     3.33 %
    Efficiency ratio   61.11 %     66.90 %     57.50 %     68.80 %     66.72 %
    Summary Credit Quality Data:                            
    Nonperforming loans $ 10,463     $ 6,467     $ 24,023     $ 24,693     $ 23,452  
    Nonperforming loans to total loans held for investment   0.34 %     0.21 %     0.79 %     0.81 %     0.76 %
    Other real estate owned $ 535     $ 600     $ 530     $ 973     $ 755  
    Nonperforming assets to total assets   0.25 %     0.16 %     0.58 %     0.59 %     0.57 %
    Allowance for credit losses to total loans held for investment   1.45 %     1.40 %     1.42 %     1.41 %     1.40 %
    Net charge-offs to average loans outstanding (annualized)   0.06 %     0.07 %     0.11 %     0.11 %     0.10 %
      As of and for the quarter ended
      June 30
    2025
      March 31,
    2025
      December 31,
    2024
      September 30,
    2024
      June 30,
    2024
    Capital Ratios:                            
    Total stockholders’ equity to total assets   10.41 %     10.07 %     10.37 %     10.22 %     9.90 %
    Tangible common equity to tangible assets (non-GAAP)   9.98 %     9.64 %     9.92 %     9.77 %     9.44 %
    Common equity tier 1 to risk-weighted assets   13.86 %     13.59 %     13.53 %     13.25 %     12.61 %
    Tier 1 capital to average assets   12.12 %     12.04 %     12.04 %     11.76 %     11.81 %
    Total capital to risk-weighted assets   18.17 %     17.93 %     17.86 %     17.61 %     16.86 %
     
    (1)  Net interest margin is calculated as the annual net interest income, on a fully tax-equivalent basis, divided by average interest-earning assets.
     
    South Plains Financial, Inc.
    Average Balances and Yields – (Unaudited)
    (Dollars in thousands)
     
      For the Three Months Ended
      June 30, 2025   June 30, 2024
           
      Average
    Balance
      Interest   Yield/Rate   Average
    Balance
      Interest   Yield/Rate
    Assets                                  
    Loans $ 3,094,558   $ 53,894     6.99 %   $ 3,082,601   $ 50,579     6.60 %
    Debt securities – taxable   508,508     4,700     3.71 %     533,553     5,285     3.98 %
    Debt securities – nontaxable   152,202     1,015     2.67 %     155,408     1,022     2.64 %
    Other interest-bearing assets   456,818     4,747     4.17 %     225,720     2,545     4.53 %
                                       
    Total interest-earning assets   4,212,086     64,356     6.13 %     3,997,282     59,431     5.98 %
    Noninterest-earning assets   166,763                 171,472            
                                       
    Total assets $ 4,378,849               $ 4,168,754            
                                       
    Liabilities & stockholders’ equity                                  
    NOW, Savings, MMDA’s $ 2,326,779     15,890     2.74 %   $ 2,221,427     17,652     3.20 %
    Time deposits   438,697     4,172     3.81 %     392,778     3,977     4.07 %
    Short-term borrowings   18         0.00 %     3         0.00 %
    Notes payable & other long-term borrowings           0.00 %             0.00 %
    Subordinated debt   64,031     835     5.23 %     63,845     835     5.26 %
    Junior subordinated deferrable interest debentures   46,393     735     6.35 %     46,393     856     7.42 %
                                       
    Total interest-bearing liabilities   2,875,918     21,632     3.02 %     2,724,446     23,320     3.44 %
    Demand deposits   990,343                 960,106            
    Other liabilities   63,679                 70,854            
    Stockholders’ equity   448,909                 413,348            
                                       
    Total liabilities & stockholders’ equity $ 4,378,849               $ 4,168,754            
                                       
    Net interest income       $ 42,724               $ 36,111      
    Net interest margin (2)               4.07 %                 3.63 %
     
    (1)  Average loan balances include nonaccrual loans and loans held for sale.
    (2)  Net interest margin is calculated as the annualized net interest income, on a fully tax-equivalent basis, divided by average interest-earning assets.
     
    South Plains Financial, Inc.
    Average Balances and Yields – (Unaudited)
    (Dollars in thousands)
     
      For the Six Months Ended
      June 30, 2025   June 30, 2024
                           
      Average
    Balance
      Interest   Yield/Rate   Average
    Balance
      Interest   Yield/Rate
    Assets                                  
    Loans $ 3,084,563   $ 104,471     6.83 %   $ 3,048,569   $ 99,519     6.56 %
    Debt securities – taxable   509,431     9,392     3.72 %     543,817     10,796     3.99 %
    Debt securities – nontaxable   152,716     2,029     2.68 %     155,831     2,046     2.64 %
    Other interest-bearing assets   421,899     8,606     4.11 %     262,345     6,020     4.61 %
                                       
    Total interest-earning assets   4,168,609     124,498     6.02 %     4,010,562     118,381     5.94 %
    Noninterest-earning assets   169,222                 177,882            
                                       
    Total assets $ 4,337,831               $ 4,188,444            
                                       
    Liabilities & stockholders’ equity                                  
    NOW, Savings, MMDA’s $ 2,314,562     31,401     2.74 %   $ 2,253,704     35,649     3.18 %
    Time deposits   440,297     8,488     3.89 %     383,816     7,643     4.00 %
    Short-term borrowings   11         0.00 %     3         0.00 %
    Notes payable & other long-term borrowings           0.00 %             0.00 %
    Subordinated debt   64,008     1,670     5.26 %     63,822     1,670     5.26 %
    Junior subordinated deferrable interest debentures   46,393     1,468     6.38 %     46,393     1,717     7.44 %
                                       
    Total interest-bearing liabilities   2,865,271     43,027     3.03 %     2,747,738     46,679     3.42 %
    Demand deposits   962,557                 959,219            
    Other liabilities   64,875                 70,856            
    Stockholders’ equity   445,128                 410,631            
                                       
    Total liabilities & stockholders’ equity $ 4,337,831               $ 4,188,444            
                                       
    Net interest income       $ 81,471               $ 71,702      
    Net interest margin (2)               3.94 %                 3.60 %
     
    (1)  Average loan balances include nonaccrual loans and loans held for sale.
    (2)  Net interest margin is calculated as the annualized net interest income, on a fully tax-equivalent basis, divided by average interest-earning assets.
     
    South Plains Financial, Inc.
    Consolidated Balance Sheets
    (Unaudited)
    (Dollars in thousands)
     
      As of
      June 30,
    2025
      December 31,
    2024
               
    Assets          
    Cash and due from banks $ 60,400     $ 54,114  
    Interest-bearing deposits in banks   410,096       304,968  
    Securities available for sale   570,000       577,240  
    Loans held for sale   17,182       20,542  
    Loans held for investment   3,098,978       3,055,054  
    Less:  Allowance for credit losses   (45,010 )     (43,237 )
    Net loans held for investment   3,053,968       3,011,817  
    Premises and equipment, net   51,329       52,951  
    Goodwill   19,315       19,315  
    Intangible assets   1,417       1,720  
    Mortgage servicing rights   25,134       26,292  
    Other assets   154,833       163,280  
    Total assets $ 4,363,674     $ 4,232,239  
               
    Liabilities and Stockholders’ Equity          
    Noninterest-bearing deposits $ 998,759     $ 935,510  
    Interest-bearing deposits   2,740,179       2,685,366  
    Total deposits   3,738,938       3,620,876  
    Short-term borrowings   1,352        
    Subordinated debt   64,054       63,961  
    Junior subordinated deferrable interest debentures   46,393       46,393  
    Other liabilities   58,863       62,060  
    Total liabilities   3,909,600       3,793,290  
    Stockholders’ Equity          
    Common stock   16,230       16,456  
    Additional paid-in capital   90,268       97,287  
    Retained earnings   407,822       385,827  
    Accumulated other comprehensive income (loss)   (60,246 )     (60,621 )
    Total stockholders’ equity   454,074       438,949  
    Total liabilities and stockholders’ equity $ 4,363,674     $ 4,232,239  
     
    South Plains Financial, Inc.
    Consolidated Statements of Income
    (Unaudited)
    (Dollars in thousands)
     
      Three Months Ended   Six Months Ended
      June 30,
    2025
      June 30,
    2024
      June 30,
    2025
      June 30,
    2024
                           
    Interest income:                      
    Loans, including fees $ 53,886   $ 50,571   $ 104,456   $ 99,503
    Other   10,249     8,637     19,601     18,432
    Total interest income   64,135     59,208     124,057     117,935
    Interest expense:                      
    Deposits   20,062     21,629     39,889     43,292
    Subordinated debt   835     835     1,670     1,670
    Junior subordinated deferrable interest debentures   735     856     1,468     1,717
    Other              
    Total interest expense   21,632     23,320     43,027     46,679
    Net interest income   42,503     35,888     81,030     71,256
    Provision for credit losses   2,500     1,775     2,920     2,605
    Net interest income after provision for credit losses   40,003     34,113     78,110     68,651
    Noninterest income:                      
    Service charges on deposits   2,098     1,949     4,239     3,762
    Mortgage banking activities   3,606     3,397     5,719     7,342
    Bank card services and interchange fees   3,771     4,052     7,150     7,113
    Other   2,690     3,311     5,682     5,901
    Total noninterest income   12,165     12,709     22,790     24,118
    Noninterest expense:                      
    Salaries and employee benefits   19,708     19,199     39,149     38,187
    Net occupancy expense   3,972     4,029     7,999     7,949
    Professional services   1,874     1,738     3,604     3,221
    Marketing and development   919     860     1,824     1,614
    Other   7,070     6,746     13,997     13,531
    Total noninterest expense   33,543     32,572     66,573     64,502
    Income before income taxes   18,625     14,250     34,327     28,267
    Income tax expense   4,020     3,116     7,428     6,259
    Net income $ 14,605   $ 11,134   $ 26,899   $ 22,008
     
    South Plains Financial, Inc.
    Loan Composition
    (Unaudited)
    (Dollars in thousands)
     
      As of
      June 30,
    2025
      December 31,
    2024
               
    Loans:          
    Commercial Real Estate $ 1,085,309   $ 1,119,063
    Commercial – Specialized   379,068     388,955
    Commercial – General   620,934     557,371
    Consumer:          
    1-4 Family Residential   589,935     566,400
    Auto Loans   258,193     254,474
    Other Consumer   63,589     64,936
    Construction   101,950     103,855
    Total loans held for investment $ 3,098,978   $ 3,055,054
     
    South Plains Financial, Inc.
    Deposit Composition
    (Unaudited)
    (Dollars in thousands)
     
      As of
      June 30,
    2025
      December 31,
    2024
               
    Deposits:          
    Noninterest-bearing deposits $ 998,759   $ 935,510
    NOW & other transaction accounts   1,244,023     498,718
    MMDA & other savings   1,072,010     1,741,988
    Time deposits   424,146     444,660
    Total deposits $ 3,738,938   $ 3,620,876
     
    South Plains Financial, Inc.
    Reconciliation of Non-GAAP Financial Measures (Unaudited)
    (Dollars in thousands)
     
      For the quarter ended
      June 30,
    2025
      March 31,
    2025
      December 31,
    2024
      September 30,
    2024
      June 30,
    2024
    Pre-tax, pre-provision income                                      
    Net income $ 14,605     $ 12,294     $ 16,497     $ 11,212     $ 11,134  
    Income tax expense   4,020       3,408       4,222       3,094       3,116  
    Provision for credit losses   2,500       420       1,200       495       1,775  
    Pre-tax, pre-provision income $ 21,125     $ 16,122     $ 21,919     $ 14,801     $ 16,025  
      As of
      June 30,
    2025
      March 31,
    2025
      December 31,
    2024
      September 30,
    2024
      June 30,
    2024
    Tangible common equity                            
    Total common stockholders’ equity $ 454,074     $ 443,743     $ 438,949     $ 443,122     $ 417,985  
    Less:  goodwill and other intangibles   (20,732 )     (20,884 )     (21,035 )     (21,197 )     (21,379 )
                                 
    Tangible common equity $ 433,342     $ 422,859     $ 417,914     $ 421,925     $ 396,606  
                                 
    Tangible assets                            
    Total assets $ 4,363,674     $ 4,405,209     $ 4,232,239     $ 4,337,659     $ 4,220,936  
    Less:  goodwill and other intangibles   (20,732 )     (20,884 )     (21,035 )     (21,197 )     (21,379 )
                                 
    Tangible assets $ 4,342,942     $ 4,384,325     $ 4,211,204     $ 4,316,462     $ 4,199,557  
                                 
    Shares outstanding   16,230,475       16,235,647       16,455,826       16,386,627       16,424,021  
                                 
    Total stockholders’ equity to total assets   10.41 %     10.07 %     10.37 %     10.22 %     9.90 %
    Tangible common equity to tangible assets   9.98 %     9.64 %     9.92 %     9.77 %     9.44 %
    Book value per share $ 27.98     $ 27.33     $ 26.67     $ 27.04     $ 25.45  
    Tangible book value per share $ 26.70     $ 26.05     $ 25.40     $ 25.75     $ 24.15  

    The MIL Network

  • MIL-OSI: Royalty Pharma to Announce Second Quarter 2025 Financial Results on August 6, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 16, 2025 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) today announced that it will report its second quarter 2025 financial results on Wednesday, August 6, 2025 before the U.S. financial markets open. The company will host a conference call and simultaneous webcast at 8:00 a.m. Eastern Time that day.

    Conference Call Information

    Please visit the “Investors” page of the company’s website at https://www.royaltypharma.com/investors/events/ to obtain conference call information and to view the live webcast. A replay of the conference call and webcast will be archived on the company’s website for at least 30 days.

    About Royalty Pharma

    Founded in 1996, Royalty Pharma is the largest buyer of biopharmaceutical royalties and a leading funder of innovation across the biopharmaceutical industry, collaborating with innovators from academic institutions, research hospitals and non-profits through small and mid-cap biotechnology companies to leading global pharmaceutical companies. Royalty Pharma has assembled a portfolio of royalties which entitles it to payments based directly on the top-line sales of many of the industry’s leading therapies. Royalty Pharma funds innovation in the biopharmaceutical industry both directly and indirectly – directly when it partners with companies to co-fund late-stage clinical trials and new product launches in exchange for future royalties, and indirectly when it acquires existing royalties from the original innovators. Royalty Pharma’s current portfolio includes royalties on more than 35 commercial products, including Vertex’s Trikafta, GSK’s Trelegy, Roche’s Evrysdi, Johnson & Johnson’s Tremfya, Biogen’s Tysabri and Spinraza, AbbVie and Johnson & Johnson’s Imbruvica, Astellas and Pfizer’s Xtandi, Novartis’ Promacta, Pfizer’s Nurtec ODT and Gilead’s Trodelvy, and 16 development-stage product candidates. For more information, visit www.royaltypharma.com.

    Royalty Pharma Investor Relations and Communications

    +1 (212) 883-6637
    ir@royaltypharma.com

    The MIL Network

  • MIL-OSI: ESCO Technologies Announces Third Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    St. Louis, July 16, 2025 (GLOBE NEWSWIRE) — ESCO Technologies Inc. (NYSE:ESE) will report its third quarter financial results after the market close on Thursday, August 7, 2025, followed by a conference call where the financial results and related commentary will be discussed.  

    Event:      Third Quarter 2025 Conference Call
    Date:        Thursday, August 7
    Time:        4:00 p.m. Central Time

    The conference call webcast and an accompanying slide presentation will be available in the Investor Center of ESCO’s website. The slide presentation will be utilized during the call and will be posted on the website prior to the call. Participants may also access the webcast using this registration link.

    For those unable to participate, a webcast replay will be available after the call in the Investor Center of ESCO’s website.

    ESCO Technologies is a global provider of highly engineered products and solutions serving diverse end-markets. It manufactures filtration and fluid control products, advanced composites, as well as signature and power management solutions for aviation, Navy, space, and industrial customers. ESCO is an industry leader in designing and manufacturing RF test and measurement products and systems; and provides diagnostic instruments, software and services to industrial power users and the electric utility and renewable energy industries. Headquartered in St. Louis, Missouri, ESCO and its subsidiaries have offices and manufacturing facilities worldwide. For more information on ESCO and its subsidiaries, visit ESCO’s website at www.escotechnologies.com

    SOURCE ESCO Technologies Inc.
    Kate Lowrey, Vice President of Investor Relations, (314) 213-7277

    The MIL Network

  • MIL-OSI Canada: Tribunal Continues Order—Structural Tubing from South Korea and Türkiye

    Source: Government of Canada News (2)

    Ottawa, Ontario, July 16, 2025—The Canadian International Trade Tribunal today continued its order made on October 16, 2019, in expiry review RR‑2018‑006, concerning the dumping of structural tubing from South Korea and Türkiye.

    The Tribunal found that the expiry of the order was likely to result in injury. As such, the Tribunal continued its order. The Canada Border Services Agency will therefore continue to impose anti‑dumping duties on these goods.

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

    MIL OSI Canada News

  • MIL-OSI: Symbotic Announces Date for Reporting Third Quarter Fiscal 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Mass., July 16, 2025 (GLOBE NEWSWIRE) — Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced it will release third quarter fiscal 2025 financial results after the market close on Wednesday, August 6, 2025. The press release will also be available on the Symbotic Investor Relations website: www.ir.symbotic.com. The company will host a live webcast to discuss its financial results for the quarter at 5:00 p.m. ET on the same date.

    To listen to the live webcast, register at https://edge.media-server.com/mmc/go/Symbotic-Q3-2025. The webcast will be available for replay on the Symbotic Investor Relations website at: www.ir.symbotic.com.

    Please direct any questions regarding obtaining access to the webcast to Symbotic Investor Relations at ir@symbotic.com.

    ABOUT SYMBOTIC

    Symbotic is an automation technology leader reimagining the supply chain with its end-to-end, A.I.-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world’s largest retail, wholesale, and food & beverage companies. Applying next-generation technology, high-density storage and machine learning to solve today’s complex distribution challenges, Symbotic enables companies to move goods with unmatched speed, agility, accuracy and efficiency. As the backbone of commerce, Symbotic transforms the flow of goods and the economics of the supply chain for its customers. For more information, visit www.symbotic.com.

    MEDIA CONTACT

    Matt Buckley
    Vice President, Communications
    mediainquiry@symbotic.com

    INVESTOR RELATIONS CONTACT

    Charlie Anderson
    Vice President, Investor Relations & Corporate Development
    ir@symbotic.com

    The MIL Network

  • MIL-OSI Security: Hacktivist group responsible for cyberattacks on critical infrastructure in Europe taken down

    Source: Eurojust

    NoName057(16) has professed support for the Russian Federation since the start of the war of aggression against Ukraine. Since the start of the war, it has executed multiple DDoS attacks against critical infrastructure during high-level (political) events. The group has also exhibited anti-NATO and anti-U.S. sentiment. During a DDoS attack, a website or online service is flooded with traffic, overloading its capacity and thus making it unavailable. The hacktivist group has executed 14 attacks in Germany, some of them lasting multiple days and affecting around 230 organisations including arms factories, power suppliers and government organisations. Attacks were also executed across Europe during the European elections. In Sweden, authorities and bank websites were targeted, while in Switzerland multiple attacks were carried out during a video message given by the Ukrainian President to the Joint Parliament in June 2023, and during the Peace Summit for Ukraine in June 2024. Most recently, the Netherlands was targeted during the NATO Summit at the end of June.

    To execute their attacks, the group recruited supporters through a messaging service. It is estimated that the hackers were able to mobilise around 4000 users who supported their operations by downloading malware that made it possible for them to participate in the DDoS attacks. The group also built its own botnet using hundreds of servers around the world that increased the attack load, causing more damage.

    Coordination of the many international partners was crucial for the success of the operation. Through Eurojust, authorities were able to coordinate their findings and plan an action day to target the hacktivist group. The Agency ensured that multiple European Investigation Orders and Mutual Legal Assistance processes were executed. During the action day on 15 July, Eurojust coordinated any last-minute judicial requests that were needed during the operation.

    Europol facilitated the information exchange, supported the coordination of the operational activities and provided extended operational analytical support, as well as crypto tracing and forensic support during the lent of the investigation, and coordinated the prevention and awareness raising campaign, released to unidentified yet offenders via messaging apps and social media channels. During the action day, Europol set-up a Command Post at Europol’s headquarters and made available a Virtual Command post for online connection with the in-person Command.

    The investigation culminated in an action day on 15 July where actions targeting the group took place in eight countries. Authorities were able to disrupt of over 100 servers worldwide. Searches took place in Germany, Latvia, Spain, Italy, Czechia, Poland and France to gather evidence for the investigation. Additionally, authorities informed the group and 1100 supporters and 17 administrators about the measures taken and the criminal liability they bear for their actions. Seven international arrest warrants have been issued. Germany issued six warrants which are directed inter alia against suspects living in the Russian Federation. Two suspects are accused of being the main instigators responsible for the activities of NoName057(16). Photos and descriptions of some of the suspects can be found on the websites of Europol and Interpol.

    The following authorities were involved in the actions:

    • Czechia: District Prosecutor’s Office of Prague 5; Police, National Counterterrorism, Extremism and Cybercrime Agency (NCTEKK)
    • Estonia: Estonian Police and Border Guard Board
    • Germany: Prosecutor General’s Office Frankfurt am Main – Cyber Crime Centre; Federal Criminal Police Office (BKA)
    • Finland: Prosecution District of Southern Finland; National Bureau of Investigation – Cybercrime Investigation Unit
    • France: Paris Public Prosecutor’s Office – National Jurisdiction against Organised Crime (JUNALCO) ; National Cyber Unit of the Gendarmerie nationale
    • Latvia: State Police of Latvia – International Cooperation Department & Cybercrime Enforcement Department
    • Lithuania: Prosecutor General’s Office of Lithuania; Lithuanian Criminal Police Bureau
    • Netherlands: Public Prosecutor’s Office of the Netherlands and Police of the Netherlands
    • Spain: Investigative Central Court nr. 1 Audiencia Nacional; Audiencia Nacional Prosecutor´s Offices; National Police; Guardia Civil
    • Sweden: Polisen
    • Switzerland: Office of the Attorney General of Switzerland; Federal Office of Police fedpol
    • United States: Federal Bureau of Investigation (FBI)

    MIL Security OSI

  • MIL-OSI: PBK Miner launches 2-day XRP mining contract, XRP short-term investment users surge 380%

    Source: GlobeNewswire (MIL-OSI)

    London, United Kingdom , July 16, 2025 (GLOBE NEWSWIRE) — The global leader in the cloud mining industry, PBK Miner, Launches a new 2-day XRP cloud mining contract. This new contract provides the investors with a felexible and efficient opportunity to gain XRP. The product has received a warm response from the market. In just one week, the number of XRP short-term investors on the platform surged by 380%, reflecting the strong market demand for low-threshold, high-liquidity cryptocurrency investment products. 
    2-Day XRP Mining Contract is the latest short-term cryptocurrency mining product launched by PBKMiner following the great success of Bitcoin, Ethereum and Dogecoin cloud mining contracts. 
    With ultra-low entry barriers, stable returns and flexible terms, this new XRP-focused solution has quickly become the first choice for the XRP holders and short-term investors.

    In the fast-paced world of cryptocurrency, the most crucial points are sustainable profits and the ease of use. The cloud mining services of PBK Miner are an attractive option for the people who are new to the crypto worls and are looking for a stable passive income.

    What is PBKMiner cloud mining?
    PBK Miner’s cloud mining is a remote solution to mine cryptocurrencies, it supports a variety of digital assets including the XRP. By utilizing the powerful computing power of PBK Miner, users can earn substantial income without upfront cost of complex hardware and strong technical knowledge. The cloud mining farm of PBK miner is so powerful in solving complex blockchain problems that the users can earn real time mining rewards effortlessly.

    The main advantages of PBKMiner cloud mining
    No Mining Hardware Needed: No need to buy expensive mining hardware, Users utilize the powerful mining equipment of PBK Miner.
    No Maintenance Cost: All the maintenance cost like operations, repair and power are the responsibility of PBK Miner.
    Environment Friendly: All the mining farms of PBK Miner use the power generated by Solar and  wind resources, hence environment friendly and cost effective.
    Non-experience Friendly: The mining system of PBK is too simple that no technical knowledge is needed to start the mining, even with zero prior experience. New users can immediately receive a $10 bonus upon registration.
    Daily stable income: Daily income, full return of principal at contract expiration, guaranteeing the safety of funds.
    Flexible contract options: Investment plans range from $100 to $100,000, and contract terms range from 1 day to 50 days.

    Cloud Mining Contract Strategy: Based on Actual Results
    With the launch of 2-day XRP contracts, PBKMiner has opened its high-performance cloud mining infrastructure to the public – with free access. Since its inception in 2019, the platform has expanded to 183+
    countries and regions, with more than 8.5 million active users, and has achieved outstanding results:
    $10 mining contract – 1 day term – earns $0.60 per day;
    $100 mining contract – 2 days term – earns $3.5 per day;
    $500 mining contract – 5 days term – earns $6.50 per day;
    $1,000 mining contract – 10 days term – earns $13.5 per day;
    $5,000 mining contract – 30 days term – earns $77.5 per day.
    These performance data are not predictions, but real experiences of millions of users, thanks to PBKMiner’s AI-based profit optimization and result-centric mining model.

    Click here to learn more about mining contracts
    How to start using PBKMiner cloud mining
    Register: Register now to get a $10 welcome bonus plus a $0.60 daily login bonus.
    Choose a contract: Choose a mining plan that fits your budget and financial goals. PBKMiner offers solutions for both beginners and advanced investors.
    Start earning: Once your contract is activated, PBKMiner’s intelligent platform will do the rest – ensuring seamless, efficient mining operations to maximize your earnings。

    About PBKMiner

    PBKMiner is committed to establishing long-term trust-based partnerships with global users with the vision of “convenient and efficient cloud services and intelligent operation and maintenance management”. Relying on a strong technical background and stable mining infrastructure, we continue to promote the innovative development of digital currency cloud mining. We strive to break the limitations of geography and technology to make cryptocurrency mining smarter, simpler and more inclusive. Our goal is to provide global users with a safe, reliable and long-term cloud mining platform so that everyone can easily participate in and share the fruits of the future digital economy.
    Full details and how to participate: https://pbkminer.com/
    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that you perform due diligence, including consulting a professional financial advisor, before investing or trading in cryptocurrencies and securities.

    Media Contact:
    Alison Evans
    PBK Miner
    info@pbkminer.com

    The MIL Network

  • MIL-OSI Security: Two MS-13 Members Sentenced for Racketeering

    Source: US FBI

    Defendants responsible for murder in Chelsea, Mass. in 2010

    BOSTON – Two members of La Mara Salvatrucha, or MS-13, were sentenced today in federal court in Boston for their roles in a previously-unsolved murder.

    Jose Vasquez, a/k/a “Cholo,” a/k/a “Little Crazy,” 31, was sentenced by Senior U.S. District Court Judge William G. Young to 25 years in prison, to be followed by five years of supervised release. In May 2025, Vasquez pleaded guilty to violent crime in aid of racketeering. Vasquez was already serving a 212-month prison sentence for a May 2018 federal conviction for conspiracy to participate in a racketeering enterprise. In total, Vasquez will serve a total of 37 years for his MS-13-related crimes.

    William Pineda Portillo, a/k/a “Humilde,” 31, a Salvadoran national who was unlawfully residing in Everett, was sentenced by Judge Young to 16 years in prison, to be followed by three years of supervised release. He is subject to deportation upon completion of the imposed sentence. In May 2023, Pineda Portillo pleaded guilty to conspiracy to participate in a racketeering enterprise (RICO) conspiracy.

    Pineda Portillo and Vazquez were indicted by a federal grand jury along with other MS-13 members in September 2024. Specifically, Pineda Portillo and Vasquez conspired with others to murder a 28-year-old man on Dec. 18, 2010, in Chelsea, Mass. That evening, law enforcement responded to a 911 call in the vicinity of the Fifth Street on-ramp to Route 1 in Chelsea. There, the victim was found with approximately 10 stab wounds to his chest and back, along with injuries to his head. The victim was transported to the hospital, where he succumbed to his wounds. A recent reexamination of evidence collected during the initial investigation identified members of MS-13, including Vasquez, as having committed the murder.  

    In the week leading up to the incident, Vasquez and other MS-13 members conspired to murder the victim because they believed the victim belonged to a rival gang. Evidence revealed that on the day of the murder, Pineda Portillo picked up Vasquez, other MS-13 members and the victim in Allston. Driving a vehicle registered to his father, Pineda Portillo took the MS-13 members and the victim to Chelsea where Vasquez and the other gang members led the victim to an area under an on-ramp to Route 1. Once in the secluded area under the highway, an MS-13 member hit the victim in the head with a rock and another MS-13 member stabbed the victim with a machete. During the attack, Vasquez stabbed the victim with a knife. Vasquez’s palm print was identified on the handle of a silver kitchen knife recovered from the murder scene. The victim’s blood also was found on the knife.

    An undercover recording obtained approximately six weeks after the murder, captured one MS-13 member acknowledging his participation in the murder and other gang members disciplining him for leaving Massachusetts after the murder without the gang’s permission.

    Pineda Portillo fled to El Salvador before investigators could interview him about his role in the murder. On or about April 29, 2015, after Pineda Portillo returned to the United States, he arranged to sell a firearm loaded with eight rounds of ammunition to a cooperating witness, in exchange for money. On or about June 1, 2015, Pineda Portillo conspired to murder an MS-13 member he incorrectly believed had been arrested and was cooperating with law enforcement. Specifically, in a conversation recorded by law enforcement, Pineda Portillo said, among other things: “I want that son of a bitch killed, man. . . . You will see, homeboy! We are going to do a complete thing to that son of a bitch, dude.”

    Pineda Portillo originally was indicted in 2017. Shortly before the indictment was returned, he was deported to El Salvador. Approximately five years later, on May 10, 2022, Pineda Portillo was arrested as he tried to return to the United States, illegally crossing the border into Texas from Mexico. According to court documents, after being arrested at the border, Pineda Portillo admitted that he was a member of MS-13. A fingerprint analysis indicated that there was a warrant for his arrest. Pineda Portillo was then returned to the District of Massachusetts where he remained in custody.

    United States Attorney Leah B. Foley; Ted E. Docks Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; Michael J. Krol, Special Agent in Charge of Homeland Security Investigations in New England; Geoffrey D. Noble, Colonel of the Massachusetts State Police; Chief Shumeane Benford of the Somerville Police Department; and Chief Keith Houghton of the Chelsea Police Department made the announcement today. Valuable assistance was provided by the Bureau of Alcohol, Tobacco, Firearms, and Explosives, Boston Field Division; United States Customs and Border Protection; United States Citizenship and Immigration Services; and the Suffolk County District Attorney’s Office. Assistant U.S. Attorneys Christopher J. Pohl, Meghan C. Cleary and Brian A. Fogerty of the Office’s Criminal Division prosecuted the case.

    This operation is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) Strike Force Initiative, which provides for the establishment of permanent multi-agency task force teams that work side-by-side in the same location. This co-located model enables agents from different agencies to collaborate on intelligence-driven, multi-jurisdictional operations to disrupt and dismantle the most significant drug traffickers, money launderers, gangs, and transnational criminal organizations. OCDETF identifies, disrupts and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    MIL Security OSI

  • MIL-OSI Security: Former State Employee Charged with Providing K2-Laced Paper to a Federal Prison Inmate; Inmate Indicted for Possessing K2

    Source: US FBI

    Inmate granted clemency on Jan. 17, 2025 reducing 2022 federal prison sentence for drug distribution

    BOSTON – A Bridgewater, Mass. woman and a federal inmate have been charged with providing and possessing a controlled substance in the form of a synthetic cannabinoid, also known as “K2,” at the federal prison FMC Devens. The inmate had been granted clemency on Jan. 17, 2025, reducing his 2022 federal prison sentence for drug distribution. 

    Tasha Hammock, 43, a former employee with the Massachusetts Department of Environmental Protection, is charged by Information with providing contraband to a prison inmate. Raymond Gaines, 45, an inmate at FMC Devens, has been indicted by a federal grand jury with possessing contraband by a prison inmate. In March 2025, Hammock and Gaines were charged by criminal complaint.

    According to court documents, on Jan. 25, 2022, Gaines was sentenced to more than seven years in prison after pleading guilty in federal court in Boston to possession with intent to distribute cocaine and possessing a firearm in furtherance of drug trafficking. At the time he committed the offenses, he was on federal supervised release after serving a prison sentence resulting from a 2017 conviction for distributing cocaine base within 1,000 feet of a school. In both prior cases Gaines was alleged to be an associate of the Orchard Park Trailblazers, a street gang in Boston. On Jan. 17, 2025, Gaines received an Executive Grant of Clemency, reducing his current federal sentence to five years in prison.  

    It is alleged that on Aug. 18, 2024, Hammock, while visiting Gaines in the prison, surreptitiously passed K2-laced papers to Gaines, which he pocketed. At the time, Hammock was employed with the Massachusetts Department of Environmental Protection. Hammock also allegedly previously handled money connected with the distribution of K2 to Gaines in FMC Devens and she allegedly received K2 at her residence for distribution into the prison. Court records allege that law enforcement obtained a cellphone that had been smuggled to an inmate in the prison (“Inmate A”). In September 2023, Inmate A allegedly sent messages on the cell phone to another person (“Person 1”), discussing obtaining K2 in prison. Inmate A allegedly told Person 1 that the drugs could be delivered to a particular address in Bridgewater – later determined to be Hammock’s residence – and that Inmate A’s “co” would arrange for the drugs to be brought into the prison from there.  

    As described in court documents, K2 presents a health problem at FMC Devens, where inmates have become sick from smoking paper believed to contain K2, as well as prison staff who have been exposed to the secondary smoke.    

    The charges of providing a prohibited object to a prison inmate, and receiving a prohibited object by a prison inmate, each carry a penalty of up to 10 years in prison, up to three years of supervised release and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley; Ted E. Docks, Special Agent in Charge of the Federal Bureau of Investigation, Boston; and Ryan Geach, Special Agent in Charge of the Northeast Regional Office of DOJ-OIG, made the announcement today. Valuable assistance was provided by the Special Investigative Services Unit at FMC Devens. Assistant U.S. Attorney Brendan O’Shea of the Worcester Branch Office is prosecuting the case.  

    The details contained in the charging documents are allegations. The defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI

  • MIL-OSI: With Over $21M Raised, Next Phase of Lightchain AI Project Underway

    Source: GlobeNewswire (MIL-OSI)

    SHREWSBURY, United Kingdom, July 16, 2025 (GLOBE NEWSWIRE) — Lightchain AI, a decentralized infrastructure project integrating artificial intelligence and blockchain, has announced the launch of its Bonus Round following the successful completion of 15 presale stages. The project has raised a total of $21.1 million in early participation, with the Bonus Round now open at a fixed price of $0.007 per token.

    This milestone marks a significant phase in Lightchain AI’s roadmap as it transitions from presale fundraising to broader community onboarding, validator setup, and developer engagement.

    The Lightchain AI protocol features a modular, AI-native blockchain architecture. Core technologies include the Artificial Intelligence Virtual Machine (AIVM) for real-time task execution, Proof of Intelligence consensus, and decentralized storage to ensure secure and verifiable data handling. Public GitHub repositories are now live, and the Developer Portal is open with technical documentation, APIs, and SDKs.

    “We are excited to enter the Bonus Round with strong momentum and a growing community,” said a Lightchain AI spokesperson. “Our focus remains on building an efficient and scalable decentralized infrastructure that supports real-world AI applications.”

    In addition to its core protocol, Lightchain AI is rolling out an ecosystem to support developers and early participants, including:

    • Validator and contributor node onboarding
    • A $150,000 grant pool to fund ecosystem tools and dApps
    • Cross-chain infrastructure and DeFi partnership integrations
    • Incentivized Launchpad for new project deployments

    The Bonus Round presents an opportunity for wider participation as the network moves toward mainnet deployment and broader ecosystem development.

    To learn more or participate in the Bonus Round, visit:

    https://lightchain.ai

    https://lightchain.ai/lightchain-whitepaper.pdf

    https://x.com/LightchainAI

    https://t.me/LightchainProtocol

    Contact:
    SHAJAN SKARIA
    media@lightchain.ai

    Disclaimer: This content is provided by Lightchain AI. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/12daf850-a1c7-4477-8dfb-1459797c59e1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8f771121-bc4a-4a52-890f-81d624399842

    The MIL Network

  • MIL-OSI: With Over $21M Raised, Next Phase of Lightchain AI Project Underway

    Source: GlobeNewswire (MIL-OSI)

    SHREWSBURY, United Kingdom, July 16, 2025 (GLOBE NEWSWIRE) — Lightchain AI, a decentralized infrastructure project integrating artificial intelligence and blockchain, has announced the launch of its Bonus Round following the successful completion of 15 presale stages. The project has raised a total of $21.1 million in early participation, with the Bonus Round now open at a fixed price of $0.007 per token.

    This milestone marks a significant phase in Lightchain AI’s roadmap as it transitions from presale fundraising to broader community onboarding, validator setup, and developer engagement.

    The Lightchain AI protocol features a modular, AI-native blockchain architecture. Core technologies include the Artificial Intelligence Virtual Machine (AIVM) for real-time task execution, Proof of Intelligence consensus, and decentralized storage to ensure secure and verifiable data handling. Public GitHub repositories are now live, and the Developer Portal is open with technical documentation, APIs, and SDKs.

    “We are excited to enter the Bonus Round with strong momentum and a growing community,” said a Lightchain AI spokesperson. “Our focus remains on building an efficient and scalable decentralized infrastructure that supports real-world AI applications.”

    In addition to its core protocol, Lightchain AI is rolling out an ecosystem to support developers and early participants, including:

    • Validator and contributor node onboarding
    • A $150,000 grant pool to fund ecosystem tools and dApps
    • Cross-chain infrastructure and DeFi partnership integrations
    • Incentivized Launchpad for new project deployments

    The Bonus Round presents an opportunity for wider participation as the network moves toward mainnet deployment and broader ecosystem development.

    To learn more or participate in the Bonus Round, visit:

    https://lightchain.ai

    https://lightchain.ai/lightchain-whitepaper.pdf

    https://x.com/LightchainAI

    https://t.me/LightchainProtocol

    Contact:
    SHAJAN SKARIA
    media@lightchain.ai

    Disclaimer: This content is provided by Lightchain AI. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/12daf850-a1c7-4477-8dfb-1459797c59e1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8f771121-bc4a-4a52-890f-81d624399842

    The MIL Network

  • MIL-OSI: ETH ETF landed, XRP surged again: GoldenMining Launches a daily stable return strategy

    Source: GlobeNewswire (MIL-OSI)

    London, England, July 16, 2025 (GLOBE NEWSWIRE) — GoldenMining today announced the official launch of its new daily return cloud mining contract, designed for ETH and XRP holders seeking predictable income without hardware or technical setup. The contract allows users to convert their assets into a stable stream of daily earnings—delivered automatically—by activating a secure, fixed-rate mining agreement via the platform.

    The launch follows major developments in the crypto market, including the approval of the ETH spot ETF and a surge in XRP trading volume. As volatility increases, investors are moving beyond passive holding strategies and looking for income-generating alternatives. GoldenMining’s cloud mining model offers a seamless solution—allowing users to earn thousands of dollars per day simply by committing ETH or XRP to the new daily yield contracts.

    As crypto investment continues to develop, GoldenMining will involve traditional crypto assets such as ETH and XRP in real mining operations through smart contracts. This mechanism is supported by the large-scale, automated cloud mining facilities deployed by the platform.

    In addition, GoldenMining uses multiple encryption technologies to ensure asset security and is insured by an international insurance agency (AIG). The platform complies with the compliance standards of major global markets, allowing users to not only earn with peace of mind, but also use it with confidence.

     Users only need a few steps to experience the profit process

    Register an account, get a $15 bonus immediately, and learn about the profit model faster

    Choose contract income. The platform can purchase a variety of long-term and short-term contracts. Purchase contracts to activate cloud mining machines to obtain stable income.

    User contract recommendation

    contract Investment Amount Contract Rewards Total income
    New User Experience $15 $0.60 $15.60
    Elphapex DG1+ $100 $3 $106
    Bitmain S23 Hyd $650 $42.25 $692.25
    AntminerL917GH $1800   $287.28 $2087.28
    L916GH $4500  $1890 $6390
    ElphaPex DG Hydro1 $7800 $3276 $11076
    Elphapex DG2 $12,000 $8,100.00 $20,100.00

    Automatic daily income: No need to calculate manually, contract profits are automatically distributed to your account every 24 hours

    By recharging your account with ETH, XRP or other mainstream cryptocurrencies (such as BTC, USDT, LTC, etc.), the system will automatically incorporate it into the daily income system without the need for complex settings or manual intervention.

    As the cryptocurrency market develops, passive holding is no longer enough. Investors need daily, real returns without taking any risks. GoldenMining represents the formation of a new generation of cloud mining, which is more convenient, efficient, and deeply integrated with assets such as ETH and XRP. In the future, volatility exists, and practicality is more important than hype. GoldenMining’s strategy allows investors in this market to not only enjoy the value brought by encryption, but also enjoy the returns brought by investment.

    For more information, please visit the official website:www.Goldenmining.com

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network

  • MIL-OSI USA: Duckworth, Young, Colleagues Reintroduce Bipartisan Bill to Increase Investment in Small Businesses

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    July 16, 2025

    [WASHINGTON, D.C.] – U.S. Senator Tammy Duckworth (DIL) joined U.S. Senators Todd Young (RIN), Ruben Gallego (DAZ) and Jim Risch (RID) in reintroducing the Investing in Main Street Act to increase investment in small businesses by permitting banks to invest up to 15 percent of their capital in Small Business Investment Companies (SBIC). 

    “Small businesses are the backbone of our economy—when they grow, our economy grows,” said Duckworth. “Yet too many small business owners have trouble accessing affordable capital to grow their business and create new jobs in their communities. I am proud to join Senators Young, Risch and Gallego in introducing this bipartisan legislation to help get more dollars in the hands of small business owners in Illinois and across our nation.”

    “The Small Business Investment Company program has provided critical support to countless Hoosier small businesses,” said Young. “Our legislation will help spur further investment in innovative startups and unlock capital for existing, high-growth small businesses across America.”

    “Starting a small business gives those willing to work hard a shot at achieving the American dream. But without access to capital, it’s nearly impossible to get a small business off the ground,” said Gallego. “This commonsense, bipartisan bill helps unlock more capital for Main Street, empowering small businesses across the country to grow, innovate and create jobs. I’m proud to introduce it with my colleagues.”

    “Idaho small businesses fuel our economy, employ our friends and family and are the lifeblood of our communities,” said Risch. “The Investing in Main Street Act supports our Gem State entrepreneurs’ access to early-stage capital by allowing banks to invest more into Small Business Investment Companies.”

    In 1958, the Small Business Administration launched the SBIC program to facilitate and regulate investment from privately owned companies to U.S. small businesses. This program has successfully allowed more small businesses across America to expand their competitive edge, create more jobs and contribute to the local economy.

    Copy of the bill text is available on Senator Duckworth’s website.

    -30-



    MIL OSI USA News

  • MIL-OSI Security: U.S. Marshals Arrest Two Memphis First-Degree Murder Fugitives in Different States on the Same Day

    Source: US Marshals Service

    Memphis, TN – On July 15, 2025, the U.S. Marshals Service (USMS) arrested two women wanted in unrelated Memphis murders in different states. Talia Jones, 19, was arrested in Minneapolis, Minnesota, for Facilitation of First-Degree Murder and Janae Bradley, 32, was arrested in Memphis for First-Degree Murder.

    On January 10, 2025, Patrick Houston Jr., was shot to death near the intersection of Ketchum Road and Long Street in Memphis. Houston is the son of Memphis rapper, Patrick Houston, Sr., also known as Project Pat. Following an investigation by the Memphis Police Department (MPD), on June 27, 2025, a warrant was issued for Talia Jones for Facilitation of First-Degree Murder.

    The case was adopted for a fugitive investigation by the USMS Two Rivers Violent Fugitive Task Force (TRVFTF) in Memphis. Investigators with the TRVFTF developed information that Jones had fled to Minnesota and provided investigative leads to the USMS North Star Fugitive Task Force in Minneapolis. The USMS caught up with Jones yesterday in Minneapolis, but she did not go into custody quietly. She fought Task Force members and actively resisted arrest; however, she was subdued without injury to anyone involved. She is currently in custody awaiting extradition to Tennessee.

    Janae Bradley’s arrest stems from an incident on February 22, 2025, when Terrica Tabor was shot to death near the 2900 block of Third Street in Memphis. MPD investigated the case, and a First-Degree Murder warrant was issued for Bradley on February 26, 2025.

    The fugitive case was adopted by the TRVFTF. By working with known associates, Task Force Investigators convinced Bradley to turn herself in on July 15.

    “The U.S. Marshals Service’s partnership with the Memphis Police Department is strong and effective,” said U.S. Marshal Tyreece Miller. “Our collaboration continues to bring violent offenders to justice.”

    The U.S. Marshals Service Two Rivers Violent Fugitive Task Force is a multi-agency task force within Western Tennessee. The TRVFTF has offices in Memphis and Jackson, and its membership is primarily composed of Deputy U.S. Marshals, Shelby, Fayette, Tipton, and Gibson County Sheriff’s Deputies, Memphis and Jackson Police Officers, Tennessee Department of Correction Special Agents and the Tennessee Highway Patrol. Since 2021, the TRVFTF has captured over 3,000 violent offenders and sexual predators.

    MIL Security OSI

  • MIL-OSI Africa: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Al Baraka Islamic Bank BSC Bahrain Sign Documentary Credit Insurance Policy to Boost Shariah-Compliant Trade

    Source: APO

    The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, and Al Baraka Islamic Bank BSC Bahrain signed a Documentary Credit Insurance Policy (DCIP). The policy aims to strengthen support for Shariah-compliant trade finance, enabling greater security and confidence in the international trade ecosystem.

    The agreement was signed by Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, and Dr. Adel Salem, Chief Executive Officer of Al Baraka Islamic Bank BSC Bahrain, in a joint effort to enhance the capacity of Islamic financial institutions to manage trade-related risks more effectively.

    Under this partnership, ICIEC will provide insurance coverage for the confirmation of Letters of Credit (LCs) issued by Al Baraka Islamic Bank in connection with the import and export of eligible Shariah-compliant goods and services. This solution will help mitigate payment risks associated with cross-border trade while promoting sustainable growth in ICIEC’s member states.

    Dr. Khalid Khalafalla, CEO of ICIEC, stated: “This strategic collaboration with Al Baraka Islamic Bank reflects ICIEC’s unwavering commitment to advancing intra-OIC trade and investment. By supporting Shariah-compliant trade finance through our Documentary Credit Insurance Policy, we are facilitating secure trade flows while empowering Islamic banks to broaden their offerings to clients. This partnership demonstrates the power of multilateral cooperation in achieving shared development goals.”

    For his part, Dr. Adel Salem, CEO of Al Baraka Islamic Bank BSC Bahrain, stated: “We are delighted to partner with ICIEC on this pioneering Credit Insurance Policy, which empowers us to extend Shariah‑compliant trade finance to our clients, bolster Bahrain’s role as a regional hub for Islamic banking, and stimulate sustainable economic growth across member states worldwide. This collaboration underscores our unwavering commitment to innovation and robust risk management, giving the businesses we serve greater confidence to expand in global markets.”

    The DCIP serves as a vital tool for Islamic banks, enhancing their ability to expand trade finance operations with reduced exposure to commercial and political risks. The policy also complements ICIEC’s broader mandate to promote economic resilience, financial inclusion, and private sector development in member countries.

    Both institutions reaffirmed their shared dedication to expanding the reach of Islamic finance, strengthening risk mitigation tools, and contributing to inclusive and sustainable economic development.

    Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

    Media Contacts:
    ICIEC

    Email: ICIEC-Communication@isdb.org

    Al Baraka Islamic Bank BSC
    Email: marketing@albaraka.bh

    Follow ICIEC on: 
    X: https://apo-opa.co/44Qre2B
    Facebook: https://apo-opa.co/3Iv2bL3
    LinkedIn: https://apo-opa.co/44JYv0J
    YouTube: https://apo-opa.co/4eRJkG9
    Instagram: https://apo-opa.co/44LpCak

    About The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC):
    As a member of ‘AAA’ rated Islamic Development Bank (IsDB), ICIEC commenced operations in 1994 to strengthen economic relations between OIC Member States and promote intra-OIC trade and investments by providing risk mitigation tools and financial solutions. The Corporation is the only Islamic multilateral insurer in the world. It has led from the front in delivering a comprehensive suite of solutions to companies and parties in its 50 Member States. ICIEC, for the 17th consecutive year, maintained an “Aa3” insurance financial strength credit rating from Moody’s, ranking the Corporation among the top of the Credit and Political Risk Insurance (CPRI) Industry. Additionally, S&P has reaffirmed ICIEC “AA-“ long-term Issuer Credit and Financial Strength Rating for the second year with Stable Outlook.  ICIEC’s resilience is underpinned by its sound underwriting, global reinsurance network, and strong risk management policies. Cumulatively, ICIEC has insured more than USD 121 billion in trade and investment. ICIEC activities are directed to several sectors – energy, manufacturing, infrastructure, healthcare, and agriculture.

    Website: https://ICIEC.IsDB.org

    About Al Baraka Islamic Bank BSC:
    Al Baraka Islamic Bank (AIB) is one of leading financial institutions in the Islamic banking sector within Bahrain. Throughout its history of more than four decades (since its establishment in 1984), the Bank has played a prominent role in building the infrastructure of the Islamic finance industry. The Bank also played a significant role in promoting the Islamic finance industry and publicizing its merits.

    AIB offers innovative financial products, including investments, international trading, management of short-term liquidity and consumer financing, all of which are all based on Islamic financing modes. Such financing includes Murabaha, Wakala, Istisna, Musharaka, Mudarabah, Salam, and Ijara Muntahia Bittamleek.

    Website: https://www.AlBaraka.bh

    Media files

    .

    MIL OSI Africa

  • MIL-OSI USA: Larsen Secures $2 Million for Snohomish County to Improve Everett Rail Yard

    Source: United States House of Representatives – Congressman Rick Larsen (2nd Congressional District Washington)

    The U.S. Department of Transportation (DOT) awarded a $2,000,000 grant to Snohomish County for its Everett Intermodal Yard and Curve Improvements project. The project will improve rail shipping capability, safety, and reliability for freight and intercity passenger service at the Everett Intermodal Yard. These improvements will benefit both BNSF freight trains and Amtrak Cascades service, and improve the county’s solid waste management system. 

    DOT awarded the funding through Better Utilizing Investments to Leverage Development (BUILD) grant program, which enables communities of all sizes to carry out road, rail, transit and other surface transportation projects with significant local or regional impact.  

    Larsen and Snohomish County Leaders Applaud BUILD Grant 

    Representative Rick Larsen (WA-02), the top Democrat on the Transportation and Infrastructure Committee, requested funding for the project in the Fiscal Year 2026 spending bill.   

    “Thanks to the hard work of Snohomish County Executive Dave Somers and Public Works Director Kelly Snyder, Snohomish County has the funding it needs to increase the capacity of its rail yard and reduce delays,” said Rep. Larsen. “In Northwest Washington state, infrastructure means jobs. I will continue to support federal investments in roads, bridges, highways and transit in our region that relieve congestion, improve safety and spur economic growth in local communities.” 

    Dave Somers and Kelly Snyder celebrated the grant announcement and emphasized the importance of the funding to the community. 

    “This vital rail project will improve safety and reliability for workers, passengers, and freight at the Everett Intermodal Yard while allowing us and our rail partners to continue a sustainable, low-impact operation for residents,” Somers said. “I am grateful for the BUILD award to help move this important work forward.” 

    “Snohomish County Public Works is thankful for Congressman Larsen’s support in obtaining a U.S. DOT BUILD award. These funds will help improve and expand Delta intermodal yard in north Everett to keep up with safety, efficiency and growing demand,” said Snyder. “We value every dollar that sustains the regions infrastructure and keeps services moving along unabated. This BUILD grant is a vital source of funding that will help us continue to efficiently meet the needs of Snohomish County residents and visitors.” 

    Larsen Has Secured $105.9 Million in BUILD Grants for WA-02 Since 2022 

    Larsen has secured eight BUILD grants totaling $105,906,000 for local communities since the Bipartisan Infrastructure Law was signed. In addition to the $2 million grant for Snohomish County, Larsen has helped deliver: 

    • $25 Million for Lynnwood’s Poplar Way Bridge – In August 2022, DOT awarded the City of Lynnwood a $25 million RAISE grant to construct a new six-lane, multimodal bridge over I-5 in Lynnwood, between the intersections of 196th Street SW (State Route 524)/Poplar Way and 33rd Avenue W/Alderwood Mall Boulevard. 

    • $25 Million for Whatcom County’s Lummi Island Ferry – In August 2022, DOT awarded Whatcom County a $25 million RAISE grant to replace the 60-year-old Lummi Island ferry with an electric-battery hybrid ferry and build related infrastructure. 

    • $17.9 Million for Port of Bellingham’s Shipping Terminal Rail Connection Project – In June 2024, DOT awarded the Port of Bellingham a $17,931,000 RAISE grant to renovate a shipping terminal site, returning the site to a fully functioning multimodal terminal with more efficient loading and unloading of railcars on the terminal. 

    • $2 Million for Lynden’s Pepin Creek FASST Design Project – In January 2025, DOT awarded the City of Lynden a $2 million RAISE grant to complete planning for its project to relocate Pepin Creek, which runs in deep roadside ditches that overflow and flood the area during winter storms when large quantities of water flow across the U.S.-Canada border. 

    • $19.5 Million for Skagit Transit’s Maintenance, Operations, and Administration Facility – In January 2025, DOT awarded Skagit Transit a $19.5 million RAISE grant for the agency to continue renovating its Maintenance, Operations, and Administration Facility in Burlington. 

    MIL OSI USA News

  • MIL-OSI USA: Warren, Moskowitz, Blumenthal, Raskin, Stansbury Introduce New Bill to Rein in Potential Corruption Through Presidential Library Donations

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    July 16, 2025

    Special interests seemingly seeking favors from Donald Trump have funneled hundreds of millions of dollars into Trump’s presidential library 

    Recent Paramount settlement, $400M Qatari jet gift raise questions about potential influence-peddling

    Bill Text (PDF) | Bill One-Pager (PDF)

    Washington, D.C. — Today, U.S. Senators Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.), Ranking Member of the Permanent Subcommittee on Investigations, along with Representatives Jared Moskowitz (D-Fla.), Jamie Raskin (D-Md.), and Melanie Stansbury (D-N.M.) unveiled the Presidential Library Anti-Corruption Act to close loopholes that allow presidential libraries to be used as tools for corruption and bribery.

    Giant corporations, at least one foreign government, and other entities have promised donations collectively worth hundreds of millions of dollars to President Donald Trump’s future library while he has the power to impact those same entities’ futures, from mega-merger approvals, to the preservation of the U.S. military base in Qatar, to Big Tech regulation, and more. The contributions, many in the form of settlements to Trump-filed lawsuits, raise serious ethics concerns about potential bribery and influence-peddling.

    “Companies like Paramount and Meta and foreign governments like Qatar may be paying off Donald Trump in plain sight — and right now, there are no rules to stop them,” said Senator Warren. “I’m leading the fight to rein in this avenue for corruption. Government should work for the American people, not just whichever giant company or foreign government can dump the most money into the president’s future library.”

    “President Trump’s acceptance of an extravagant plane from the Qatari government for eventual use in his Presidential Library is corruption plain and simple. Without any restrictions on donations to Presidential Libraries, other foreign governments can potentially extract policy favors from the White House in exchange for gifts and benefits. Our bill closes these loopholes for good so that Presidential Libraries cannot be used as backdoor tools for influence and corruption,” said Senator Blumenthal.

    “Presidential libraries are an incredible resource for American families to learn about our history and the people who shaped it—but it’s also important we know who’s funding that history. Right now, these libraries are a black box, allowing for anonymous donors and even foreign governments to give unlimited amounts of money,” said Representative Moskowitz. “This bill reforms the process so presidents of all parties are subject to commonsense ethics rules. I led this effort last Congress and am doing it again now because the American people deserve the transparency created under this bill, and all presidents should be subject to it.” 

    “I’m proud to co-lead this legislation, which would impose commonsense safeguards on fundraising for presidential libraries,” said Representative Raskin. “Our bill would ensure that presidential libraries are tools for teaching and preserving presidential history, and not just another corrupt self-enrichment scheme for the president. Our bill would ban the use of library donations for personal expenses, ensure quarterly disclosures of contributions made while the president is still in office, and prevent presidential library donations from being used as a backdoor tool by powerful corporations, lobbyists and foreign governments to influence the president and foreign and domestic policy.”

    Unlike presidential campaigns or inaugural committees, Presidential Libraries are subject to almost no restrictions on donations. Presidents can raise funds for their libraries, even while still in office, and accept donations from anyone — including foreign nationals, lobbyists, people seeking presidential pardons, and corporations with matters before federal agencies. These donations can be unlimited and donor names do not have to be disclosed. 

    Just weeks ago, Paramount settled President Trump’s seemingly meritless lawsuit for $16 million — with the money funneling straight into Trump’s future library. Paramount is currently vying for the Trump administration’s approval of its proposed mega-merger with Skydance. In May 2025, President Trump announced that he would accept a free luxury jet — worth about $400 million — from the government of Qatar, and that the jet would be donated to his Presidential Library after he leaves office. 

    Senator Warren this week published a new analysis revealing that companies seeking favorable outcomes from the Trump administration have pledged to funnel at least $63 million into Trump’s future presidential library. Other gifts and in-kind donations — including the luxury Qatari jet, expensive candlelight dinners at Mar-a-Lago, leftover inauguration donations, revenue from sales of Trump-themed merchandise, and more — bring the total value of gifts flowing into Trump’s library to roughly half a billion dollars. 

    The Presidential Library Anti-Corruption Act would:

    • Ban fundraising while the President is in office, with a carveout for nonprofits: Require that Presidential Libraries wait until the President leaves office before fundraising or accepting donations, except from 501(c)(3) organizations (mirroring the standard adopted by the Obama Foundation).
    • Establish a contribution cap: For 501(c)(3) organizations that can donate while a president is still in office, limit donations to $10,000 total.
    • Impose a cooling-off period for donations from foreign nationals, lobbyists, contractors, individuals seeking pardons: For an additional 2 years after the President leaves office, prohibit donations from foreign nationals or foreign governments, registered lobbyists, federal contractors, and individuals seeking presidential pardons.
    • Ban conversion of donations to personal use: Bar the use of Library donations for personal expenses or unrelated financial obligations.
    • Mandate quarterly disclosures: During the President’s time in office and for 5 years after, require all donations of $200 or more to be disclosed to the National Archives each calendar quarter. Publish donor information (including name, employer, and date and amount of the donation) online in a searchable, downloadable format.
    • Prohibit straw donations: Make it illegal to donate in someone else’s name, or to knowingly allow your name to be used for a straw donation.

    The following senators joined as cosponsors: Angela Alsobrooks (D-Md.), Dick Durbin (D-Ill.), Chris Van Hollen (D-Md.), Andy Kim (D-N.J.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Alex Padilla (D-Calif.), Gary Peters (D-Mich.), Jack Reed (D-R.I.), Bernie Sanders (I-Vt.), Adam Schiff (D-Calif.), Sheldon Whitehouse (D-R.I.), and Ron Wyden (D-Ore.).

    The bill is also cosponsored by Representatives Andre Carson (D-Ind.), Emmanuel Cleaver (D-Mo.), Bonnie Watson Coleman (D-N.J.), Dwight Evans (D-Pa.), Hank Johnson (D-Ga.), Dave Min (D-Calif.), Eleanor Holmes Norton (D-D.C.), Frank Pallone (D-N.J.), and Nikema Williams (D-Ga.). 

    The bill is endorsed by the following: Project On Government Oversight (POGO), Citizens for Responsibility and Ethics in Washington (CREW), Democracy Defenders Action (DDA), Campaign Legal Center (CLC), Freedom of the Press Foundation, Public Citizen, Society for Historians of American Foreign Relations, Demand Progress, and American Governance Institute.

    “The Presidential Library system was created by FDR to be a gift to the people and posterity – not a grift for a greedy president or a conduit for favor-seekers and influence peddlers. The Presidential Library Anti-Corruption Act turns off this firehose of corruption and restores Presidential Libraries to their original mission: to enable the American people to access presidential papers so they can learn from the past and build a better future,” said Jon Golinger, Democracy Advocate at Public Citizen.

    “For far too long, presidential libraries have operated without sufficient transparency or guardrails. Recent reporting that the Trump administration plans to accept a luxury jet from the Qatari government to be donated to President Trump’s presidential library foundation raises significant concerns regarding the use of gifts from foreign actors to curry favor with the president,” said Debra Perlin, Vice President for Policy at Citizens for Responsibility and Ethics in Washington (CREW). “Senator Warren’s Presidential Library Anti-Corruption Act of 2025 would bring urgently needed reform to presidential libraries by prohibiting presidents from fundraising or accepting most donations until after they leave office and impose an additional two year ban on any donations from foreign nationals, lobbyists, contractors or individuals seeking pardons. CREW enthusiastically endorses this legislation and urges the Senate to pass it expeditiously.”

    “There are already too many ways for powerful interests to game the system, peddle influence and capture institutions,” said Dylan Hedtler-Gaudette, Vice-President of Policy and Government Affairs at the Project On Government Oversight (POGO). “The fact that it appears as though presidential libraries have become yet another vector of potential corruption and pay-to-play is deeply disturbing. It only makes sense to enact some commonsense guardrails and rules around how donations to presidential libraries can be made, when, in what amounts and by who, similar to campaign finance rules. Senator Warren and her colleagues should be commended for introducing this bill and leading the way on these anti-corruption reforms.” 

    “The American people deserve to know which self-interested corporations, billionaires and foreign nationals are funneling millions of dollars to the president. The Presidential Library Anti-Corruption Act is a commonsense reform that brings needed transparency to the legal wild west of presidential library donations. We thank Sen. Warren for working to stop this corruption and for holding presidents of both parties accountable,” said Emily Peterson-Cassin, Corporate Power Director of Demand Progress.

    “Donations to presidential libraries are the soft belly of political corruption, providing an opportunity for foreign nations and unscrupulous actors to bribe sitting presidents with gifts of unlimited funds for their post-presidential projects. The Presidential Library Anti-Corruption Act provides critical limits and accountability to reign in corrupt practices that have besmirched presidents for decades,” said Daniel Schuman, Executive Director of the American Governance Institute.

    “Campaign Legal Center (CLC) strongly supports the Presidential Library Anti-Corruption Act and thanks its sponsors for introducing this vital legislation,” said Erin Chlopak, Senior Director of Campaign Finance at Campaign Legal Center. “Presidential libraries are supposed to be about our nation’s history. However, donations to these institutions are increasingly being used as a loophole for wealthy special interests, corporations, and even foreign governments to seek favor with the president and gain undue influence. Because existing laws that regulate money in politics don’t extend to presidential libraries, new rules are needed to prevent them from becoming another avenue for corruption that undermines trust in our government. CLC urges Congress to pass this legislation and safeguard the integrity of our democracy without delay.”

    MIL OSI USA News

  • MIL-OSI USA: Murray Slams Republicans’ Rescissions Package on Senate Floor

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    FACT SHEET: Trump’s Rescission Package Would Shutter Local Public Radio, TV Stations Across America

    FACT SHEET: Trump’s Rescission Package Would Gut Bipartisan Foreign Policy Investments

    ICYMI: Vought Refuses to Rule Out More Illegal End-Runs Around Congress & Refuses to Detail How Trump Will Execute Cuts If Rescissions Bill Passes

    ***WATCH: Senator Murray’s floor remarks***

    Washington, D.C. – Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, delivered the following remarks on the Senate floor slamming Senate Republicans for moving forward with President Trump’s devastating rescissions package and continuing to urge a no vote on final passage:

    [LAUGHABLE CLAIMS OF “FISCAL RESPONSIBILITY”]

    “Two weeks ago, Republicans were jamming through the most expensive bill in the history of the country. And now, they say they are worried about the debt.

    “Two weeks ago, Republicans said four trillion bucks in tax cuts for the richest people in the world was nothing—literally. And now, they are saying a truly tiny fraction of that for rural radio is just too much.

    “So, I have to ask: Is this a joke? Are they really that bad at math?

    “First, Republicans were saying trillions in tax cuts were free. Get real.

    “And now, they are pretending to be fiscal hawks by shutting down local news, and letting epidemics go unchecked around the world.

    “Well, here’s another math lesson for my colleagues, Republicans could cut every dollar ever spent on the Corporation for Public Broadcasting since it was created—down to the last dime—and it still would not cover the cost of the bill Republicans just jammed through.

    “Republicans could actually cut every dollar we have spent on foreign aid since World War II—and that would still fall short compared to the cost of the Republican tax cuts.

    “Republicans could even cut the amount in this first rescissions bill—every single day for a year—and it still would not equal their tax cuts to help their rich donors.

    “So, make no mistake, if Republicans choose to do Trump’s bidding, if they push through this package to rip away funding for emergency alerts and global health programs, it is not because they take the debt seriously.

    [MORE REQUESTS COMING]

    “And that will be just as true for the next package, because let’s be clear, if Republicans go along with this package, despite the fact they clearly have issues with it, and despite the fact Russ Vought has refused to answer the most basic questions—even from the Republican Chair of the Appropriations Committee—about which programs he is going to cut.

    “If all of that is not enough to give Republicans just some pause, and they let Russ Vought steamroll them through this package, don’t be surprised when he sends more cuts down the pike.

    “It could be medical research, and after school programs, maybe heating assistance, workplace safety, road maintenance. Everything is going to be on the chopping block. And all of our time here in the Senate is going to be spent on those requests.

    [SPENDING PRIORITIES]

    “And here’s the kicker—no matter how many rescissions Russ Vought sends, no matter how many rescissions Republicans roll over and let pass, they will never offset the trillions in tax cuts they just passed without blinking an eye.

    “Because you could rescind the entire FY25 spending bill—twice over—and it still would not cover the four trillion in tax cuts Republicans just showered on the richest people in this country.

    “So, however this vote goes, expect to hear more from me on this every time Republicans try to pretend we don’t have money for child care, or medical research, or other programs that our families rely on.

    “Now, M. President. I’ve said a lot about how patently absurd it is for Republicans to pretend they are passing these cuts because they care about the debt. But I do not want to lose sight of the larger issues. It’s not just that Republicans’ play acting about the debt is absurd, the bigger problem here is that these cuts would be devastating for our communities and for American interests around the globe.

    [SHUTTING DOWN LOCAL STATIONS]

    “When it comes to local news, these cuts could force local stations that people know and trust—know and trust—off the air. This isn’t just about a program or two taking a haircut. Trump wants to slash every penny of federal funding that supports over 1,500 local TV and radio stations.

    “Those stations, and those funds, reach 98% of all Americans. And they are especially crucial for serving our rural areas and Tribal communities. Dozens of these stations rely on these investments for half of their funding, some rely on it for as much as 99 percent!

    “If these cuts go through, these stations go dark. Weather forecasters communities have turned to for years, news anchors that are trusted voices, local reporters who track down answers their communities need and hold their officials to account, will be sent packing. And those stations will go silent.

    “Do we want our farmers to have good local coverage of weather, and market conditions? Do we want our tribal communities to know what is going on at the state capitol? Do we want families to have updates about the local school board, or community events?

    “Because this package of cuts throws all of that in jeopardy.

    “To say nothing of emergency alerts. These stations can be a lifeline when disaster strikes. They are a trusted source of information, and sometimes the only source people have access to.

    “When the devastating wildfires hit southern California earlier this year, public radio broadcasts let millions of people know how to stay safe. When Hurricane Helene battered North Carolina, a local public radio station was the only source of information for many people.

    “And, in fact, many stations use their towers to actually deliver emergency alerts to people’s cell phones when cell towers go down. This funding supports stations who play an integral role in many states’ emergency planning.

    “Do you think our communities should have less warning in an emergency? Do you want to leave folks back home with less information when they are in harm’s way?

    Well, I guess you vote for this bill if that’s how you feel. Want you to know, I’m a hard no.

    [SIDE DEAL TO ROB PETER TO PAY PAUL]

    “And let’s not pretend a secret deal from Trump and Vought, to reallocate $10 million dollars, is somehow a serious fix to this. It is a tiny drop in the bucket compared to the massive cuts being pushed through here. In fact, it’s less than 1% of the overall funding that this package would rip away for public broadcasting and those alerts.

    [KIDS PROGRAMMING]

    “And don’t forget, these cuts are going to impact some of our kids’ and parents’ favorite educational shows. Sesame Street, Mister Rogers’ Neighborhood, Daniel Tiger, PBS Kids has a long track record of creating shows that are beloved.  

    “Not just because they keep kids entertained, but because they are thoughtfully crafted to help them learn and grow, to stoke their curiosity, to teach them caring and empathy. Any parent will tell you that is a worthwhile investment.

    “And any parent will also warn you, if you take away shows like this that gets kids engaged and gets them thinking, take that away, then there is an avalanche of brain-rot television that’s waiting to fill that void. Content that is crafted, not to get kids thinking, but to keep them watching at all costs.

    “We have to save Sesame Street. We have to tell Trump and Vought, Big Bird is not on the chopping block in this country. And we have to send this rescissions package to Oscar’s place—AKA the trash can.

    [AMERICAN INTERESTS ABROAD]

    “And M. President, I want to talk as well about the devastating cuts this package proposes to foreign assistance. I thought America’s leadership was important to Republicans?

    “But apparently, they want to penny pinch when it comes to keeping our commitments across the world, apparently, they want to save money by letting families starve, and kids die of preventable diseases. Because that is what this package will do.

    “And this isn’t some thought exercise—we have already seen how the first round of reckless DOGE cuts are working out.

    “There’s already a growing death toll and a huge leadership void that our competitors are racing to fill, people who needed health care—but Elon Musk shut down the only clinic for miles, kids contracting diseases like HIV and Malaria—because Trump totally upended our global health response, and let’s not forget, they’re going to destroy contraceptives we’ve already purchased rather than distribute them.

    “And people are starving to death while food supplies from American companies are sitting rotting in ports. That’s another part of why America’s farmers are coming out in opposition to this bill by the way.

    “This week, 500 tons of high energy biscuits expired. Food that we already paid for. Food that was meant to save lives. And because Trump and Elon Musk blasted USAID to smithereens and couldn’t be bothered to fix the mess that they caused, this food is now going to be incinerated—even as people we promised to help watch their kids starve.

    “That is outrageous, and it is infuriating.

    “Is that what Republicans think of as world leadership? Is it leadership to Republicans when Trump fires thousands of State Department workers who keep our nation safe, and make our voice heard in the world?

    “Is it leadership to Republicans when we pull investments out of international organizations, and create a void that our adversaries like China will be all too happy to fill?

    “We already know the DOGE cuts were devastating. We know that! What I don’t know is why on earth Republicans are getting ready today to double down and codify them by passing this bill. And no—‘because Trump said so’—is not a good answer.

    “Especially when it’s clear Russ Vought is the one steering this particular ship. I’m not even sure Trump knows what a rescission is! But I’m sure Republicans know better than to think these cuts will make our nation strong.

    “I know that because we passed these investments in a bipartisan way. And because I have heard them speak out about how much they hate these cuts. You can go back and watch our hearing on this, many of our colleagues across the aisle during that hearing voiced deep concern with these cuts, that they now intend to pass today.  

    “Because we all know these investments benefit American businesses who help feed the world.

    “They help stop outbreak, they stop diseases abroad before they spread and threaten us here at home. They help promote stability and avoid chaos and conflict that can put our interests—and our servicemembers—in harm’s way.

    “They help us advance America’s interests and keep our country safe and prosperous.

    “That’s the smart thing to do. It’s the smart thing to do. And of course, it is also the right thing to do.

    “So, it’s worth saying, cutting these investments is just down right wrong.

    “We should not be voting to let children starve or die from preventable diseases. We should not be voting to go back on our word to the world.

    Saving a couple pennies is not worth losing our credibility or causing millions of needless deaths across the globe.

    “It is not even close.

    [DOESN’T NEED TO BE THIS WAY]

    “And M. President. I want to impress upon one final point. And that’s this, it did not have to be this way, and it still does not have to be this way.

    “In fact, if Republicans come to their senses, and vote this thing down, we still can go a different route. We can do what we have always done and consider bipartisan rescissions as part of our annual appropriations process. That offer has always been on the table. And it still is.
    “I’ve heard Republicans say they don’t like this package, in fact they are trying to dial it back the tiniest bit. I’ve also heard that they don’t want to spend the next several months processing these requests out here on the floor, instead of focusing on our annual funding bills—or any number of other pressing priorities.

    “So: don’t vote for it!

    “Work with us to write bills that make targeted rescissions on a bipartisan basis. You don’t work for Donald Trump. You don’t work for Russ Vought. You actually work for your constituents. You can put them first. And you can vote this package down.

    “That has some real benefits compared to going down the path of this unprecedented—unprecedented— partisan rescissions.

    “I am serious—I want my Republican colleagues to think about that. And I mean really think about it.

    “For one thing, if we do things the normal, bipartisan way, you get to assert your say as a Senator about what is getting targeted, it’s not just ‘this is what Russ Vought says—take it or leave it.’ You can actually be a part of the discussion and speak out for what is important to you.

    “For another thing: If we go the bipartisan route, you don’t have to get jammed by this deadline. 

    “Instead of rushing through cuts this week without fully getting to consider and debate them, instead of being told ‘No, you can’t change this, we don’t have time.’ We can all sit down, make thoughtful decisions, and maybe even worthwhile changes as we go.

    “And here’s an important point, if we do rescissions together through our appropriations bills, instead of just letting Trump and Russ Vought jam through whatever they want, my colleagues would actually know what in the world they are voting for.

    [NO INFORMATION ON WHAT WILL BE CUT]

    “Because let’s get one thing straight, Republicans don’t actually know what programs are going to get cut if they pass this package.

    “We don’t know! It’s one of the great outrages of this package. Russ Vought is just outright refusing to tell us what programs he is going to cut if this package passes.

    “At our hearing with him, he refused to go into detail. He stonewalled us. We asked and we asked. The Chair, the Republican Chair, even asked him about this.

    “But OMB would not tell us! The question is: What will you cut? The answer has been: Pass it, we’ll see.

    “That is why the Republicans decided to protect just a handful of programs without actually reducing the funding associated with them, because they do not know the impact.

    “So, they preserve funding for Jordan, Egypt, and a few university partnerships. What about our allies in the Indo-Pacific? What about the implementers of these programs in our states?

    “None of us should accept not having those answers. And I’m sure my colleagues were told their priorities won’t be impacted, but Director Vought cannot keep that promise given the scale of these cuts. The math simply does not add up!

    “Even if you believe we should make cuts, you should be joining us to demand we actually know what is being cut. And, if we do this the right way, the bipartisan way, we would know. Because we would be writing the bill.

    “Now, doesn’t that sound a lot better, than just passing this pandora’s box, and finding out later what got cut?

    [IMPLICATIONS FOR THE SENATE]

    “Finally, I have said this before, several times, but I want to warn my colleagues once again, if you keep going down this path you are going to further undermine our bipartisan process. 

    “We have never, never before seen bipartisan investments, slashed through a partisan rescissions package. Do not start now. Not when we are working, at this very moment, in a bipartisan way to pass our spending bills.

    “As I said earlier, bipartisanship doesn’t end with any one line being crossed, it erodes, it breaks down bit by bit, until one day there is nothing left.

    Sure, a few members may be willing to stick it out and work as hard as they can to get a result.

    “But this Senate doesn’t work off a few members—it works off consensus building. And the more bridges you burn, the fewer paths you leave to get things done.

    “So, M. President, why go down this partisan path? Why vote to spend the next many weeks considering more of these packages? And why do it for a set of cuts that are so damaging? A set of cuts, many of you have serious concerns with?

    “We are at the table right now, the Appropriations Committee, writing bipartisan spending bills. And we can and absolutely discuss bipartisan rescissions.

    “Why don’t you join us and make that work easier, instead of making that work harder by passing this bill and setting a very painful new precedent.

    “I urge my colleagues to join me in voting NO.”

    MIL OSI USA News

  • MIL-OSI Economics: Protecting customers from Octo Tempest attacks across multiple industries

    Source: Microsoft

    Headline: Protecting customers from Octo Tempest attacks across multiple industries

    In recent weeks, Microsoft has observed Octo Tempest, also known as Scattered Spider, impacting the airlines sector, following previous activity impacting retail, food services, hospitality organizations, and insurance between April and July 2025. This aligns with Octo Tempest’s typical patterns of concentrating on one industry for several weeks or months before moving on to new targets. Microsoft Security products continue to update protection coverage as these shifts occur. 

    To help protect and inform customers, this blog highlights the protection coverage across the Microsoft Defender and Microsoft Sentinel security ecosystem and provides security posture hardening recommendations to protect against threat actors like Octo Tempest.

    Get ahead of threat actors with integrated security solutions from Microsoft Defender

    Overview of Octo Tempest 

    Octo Tempest, also known in the industry as Scattered Spider, Muddled Libra, UNC3944, or 0ktapus, is a financially motivated cybercriminal group that has been observed impacting organizations using varying methods in their end-to-end attacks. Their approach includes: 

    • Gaining initial access using social engineering attacks and impersonating a user and contacting service desk support through phone calls, emails, and messages.
    • Short Message Service (SMS)-based phishing using adversary-in-the-middle (AiTM) domains that mimic legitimate organizations.
    • Using tools such as ngrok, Chisel, and AADInternals.
    • Impacting hybrid identity infrastructures and exfiltrating data to support extortion or ransomware operations.  

    Recent activity shows Octo Tempest has deployed DragonForce ransomware with a particular focus on VMWare ESX hypervisor environments. In contrast to previous patterns where Octo Tempest used cloud identity privileges for on-premises access, recent activities have involved impacting both on-premises accounts and infrastructure at the initial stage of an intrusion before transitioning to cloud access. 

    Octo Tempest detection coverage 

    Microsoft Defender has a wide range of detections to detect Octo Tempest related activities and more. These detections span across all areas of the security portfolio including endpoints, identities, software as a service (SaaS) apps, email and collaboration tools, cloud workloads, and more to provide comprehensive protection coverage. Shown below is a list of known Octo Tempest tactics, techniques, and procedures (TTPs) observed in recent attack chains mapped to detection coverage.

    Tactic  Technique  Microsoft Protection Coverage (non-exhaustive) 
    Initial Access  Initiating password reset on target’s credentials  Unusual user password reset in your virtual machine; (MDC) 
    Discovery  Continuing environmental reconnaissance  Suspicious credential dump from NTDS.dit; (MDE)
    Account enumeration reconnaissance; (MDI)
    Network-mapping reconnaissance (DNS); (MDI)
    User and IP address reconnaissance (SMB); (MDI)
    User and Group membership reconnaissance (SAMR); (MDI)
    Active Directory attributes reconnaissance (LDAP); (MDI) 
    Credential Access,  Lateral Movement  Identifying Tier-0 assets  Mimikatz credential theft tool; (MDE)
    ADExplorer collecting Active Directory information; (MDE)
    Security principal reconnaissance (LDAP); (MDI)
    Suspicious Azure role assignment detected; (MDC)
    Suspicious elevate access operation; (MDC)
    Suspicious domain added to Microsoft Entra ID; (MDA)
    Suspicious domain trust modification following risky sign-in; (MDA) 
    Collecting additional credentials  Suspected DCSync attack (replication of directory services); (MDI)
    Suspected AD FS DKM key read; (MDI) 
    Accessing enterprise environments with VPN and deploying VMs with tools to maintain access in compromised environments  ‘Ngrok’ hacktool was prevented; (MDE)
    ‘Chisel’ hacktool was prevented; (MDE)
    Possibly malicious use of proxy or tunneling tool; (MDE)
    Possible Octo Tempest-related device registered (MDA) 
    Defense Evasion, Persistence  Leveraging EDR and management tooling  Tampering activity typical to ransomware attacks; (MDE) 
    Persistence, Execution  Installing a trusted backdoor  ADFS persistent backdoor; (MDE) 
    Actions on Objectives  Staging and exfiltrating stolen data  Possible exfiltration of archived data; (MDE)
    Data exfiltration over SMB; (MDI) 
    Deploying ransomware  ‘DragonForce’ ransomware was prevented; (MDE)
    Possible hands-on-keyboard pre-ransom activity; (MDE) 
    Note: The list is not exhaustive. A full list of available detections can be found in the Microsoft Defender portal. 

    Disrupting Octo Tempest attacks  

    Disrupt in-progress attacks with automatic attack disruption:
    Attack disruption is Microsoft Defender’s unique, built-in self-defense capability that consumes multi-domain signals, the latest threat intelligence, and AI-powered machine learning models to automatically predict and disrupt an attacker’s next move by containing the compromised asset (user, device). This technology uses multiple potential indicators and behaviors, including all the detections listed above, possible Microsoft Entra ID sign-in attempts, possible Octo Tempest-related sign-in activities and correlate them across the Microsoft Defender workloads into a high-fidelity incident. 

    Based on previous learnings from popular Octo Tempest techniques, attack disruption will automatically disable the user account used by Octo Tempest and revokes all existing active sessions by the compromised user. 

    While attack disruption can contain the attack by cutting off the attacker, it is critical for security operations center (SOC) teams to conduct incident response activities and post-incident analysis to help ensure the threat is fully contained and remediated.  

    Investigate and hunt for Octo Tempest related activity:
    Octo Tempest is infamously known for aggressive social engineering tactics, often impacting individuals with specific permissions to gain legitimate access and move laterally through networks. To help organizations identify these activities, customers can use Microsoft Defender’s advanced hunting capability to proactively investigate and respond to threats across their environment. Analysts can query across both first- and third-party data sources powered by Microsoft Defender XDR and Microsoft Sentinel. In addition to these tables, analysts can also use exposure insights from Microsoft Security Exposure Management.  

    Learn more about Microsoft Security Exposure Management

    Using advanced hunting and the Exposure Graph, defenders can proactively assess and hunt for the threat actor’s related activity and identify which users are most likely to be targeted and what will be the effect of a compromise, strengthening defenses before an attack occurs.  

    Proactive defense against Octo Tempest 

    Microsoft Security Exposure Management, available in the Microsoft Defender portal, equips security teams with capabilities such as critical asset protection, threat actor initiatives, and attack path analysis that enable security teams to proactively reduce exposure and mitigate the impact of Octo Tempest’s hybrid attack tactics.

    Ensure critical assets stay protected 

    Customers should ensure critical assets are classified as critical in the Microsoft Defender portal to generate relevant attack paths and recommendations in initiatives. Microsoft Defender automatically identifies critical devices in your environment, but teams should also create custom rules and expand critical asset identifiers to enhance protection.  

    Take action to minimize impact with initiatives 

    Exposure Management’s initiatives feature provides goal-driven programs that unify key insights to help teams harden defenses and act fast on real threats. To address the most pressing risks related to Octo Tempest, we recommend organizations begin with the initiatives below: 

    • Octo Tempest Threat Initiative: Octo Tempest is known for tactics like extracting credentials from Local Security Authority Subsystem Service (LSASS) using tools like Mimikatz and signing in from attacker-controlled IPs—both of which can be mitigated through controls like attack surface reduction (ASR) rules and sign-in policies. This initiative brings these mitigations together into a focused program, mapping real-world attacker behaviors to actionable controls that help reduce exposure and disrupt attack paths before they escalate.
    • Ransomware Initiative: A broader initiative focused on reducing exposure to extortion-driven attacks through hardening identity, endpoint, and infrastructure layers. This will provide recommendations tailored for your organization.  

    Investigate on-premises and hybrid attack paths

    Security teams can use attack path analysis to trace cross-domain threats—like those used by Octo Tempest—who’ve exploited the critical Entra Connect server to pivot into cloud workloads, escalate privileges, and expand their reach. Teams can use the ‘Chokepoint’ view in the attack path dashboard to highlight entities appearing in multiple paths, making it easy to filter for helpdesk-linked accounts, a known Octo target, and prioritize their remediation.  

    Given Octo Tempest’s hybrid attack strategy, a representative attack path may look like this: 

    Recommendations 

    In today’s threat landscape, proactive security is essential. By following security best practices, you reduce the attack surface and limit the potential impact of adversaries like Octo Tempest. Microsoft recommends implementing the following to help strengthen your overall posture and stay ahead of threats: 

    Identity security recommendations 

    Endpoint security recommendations 

    • Enable Microsoft Defender Antivirus cloud-delivered protection for Linux.
    • Turn on Microsoft Defender Antivirus real-time protection for Linux.
    • Enable Microsoft Defender for Endpoint EDR in block mode to block post breach malicious behavior on the device through behavior blocking and containment capabilities.
    • Turn on tamper protection that essentially prevents Microsoft Defender for Endpoint (your security settings) from being modified.
    • Block credential stealing from the Windows local security authority subsystem: Attack surface reduction (ASR) rules are the most effective method for blocking the most common attack techniques being used in cyber-attacks and malicious software.
    • Turn on Microsoft Defender Credential Guard to isolate secrets so that only privileged system software can access them.

    Cloud security recommendations 

    • Key Vaults should have purge protection enabled to prevent immediate, irreversible deletion of vaults and secrets.
    • To reduce risks of overly permissive inbound rules on virtual machines’ management ports, enable just-in-time (JIT) network access control. 
    • Microsoft Defender for Cloud recommends encrypting data with customer-managed keys (CMK) to support strict compliance or regulatory requirements. To reduce risk and increase control, enable CMK to manage your own encryption keys through Microsoft Azure Key Vault.
    • Enable logs in Azure Key Vault and retain them for up to a year. This enables you to recreate activity trails for investigation purposes when a security incident occurs or your network is compromised.
    • Microsoft Azure Backup should be enabled for virtual machines to protect the data on your Microsoft Azure virtual machines, and to create recovery points that are stored in geo-redundant recovery vaults.

    Microsoft Defender

    Comprehensive threat prevention, detection and response capabilities for everyone.

    Explore security solutions

    ​​To learn more about Microsoft Security solutions, visit our website. Bookmark the Microsoft Security blog to keep up with our expert coverage on security matters.

    Also, follow us on Microsoft Security LinkedIn and @MSFTSecurity on X for the latest news and updates on cybersecurity. 

    MIL OSI Economics

  • MIL-OSI Canada: Housing Starts Continue to Soar in Saskatchewan

    Source: Government of Canada regional news

    Released on July 16, 2025

    Year-to-date growth ranks first in the nation 

    The latest data from Canada Mortgage and Housing Corporation indicates that urban housing starts in Saskatchewan saw an increase of 84.1 per cent in the first six months of 2025 compared to the same period in 2024, which ranks first for growth among the provinces.

    “For the last five months, Saskatchewan has been at the forefront of growth in Canada for urban housing starts, showing that our growth initiatives are leading to more and more people choosing to call our province home,” Trade and Export Development Minister Warren Kaeding said. “The unprecedented growth we are experiencing is helping to create more jobs, opportunities and greater affordability for the citizens of Saskatchewan.”

    In addition, Saskatchewan’s two largest cities both saw an increase in urban housing starts in the first six months in 2025, with Saskatoon seeing a 112.9 per cent increase and Regina seeing a 40.4 per cent increase. Rural areas experienced an impressive 247.2 per cent in urban housing starts during this same period.  

    Housing starts refers to the number of housing projects that started that month.

    Saskatchewan continues to see significant economic growth. Statistics Canada’s latest Gross Domestic Product (GDP) numbers indicate that the province’s real GDP at basic prices reached an all-time high of $80.5 billion in 2024, increasing by $2.6 billion, or 3.4 per cent. This places Saskatchewan second in the nation for real GDP growth and above the national average of 1.6 per cent.

    Private capital investment in Saskatchewan increased last year by 17.3 per cent to $14.7 billion, ranking first among provinces. Private capital investment is projected to reach $16.2 billion in 2025, an increase of 10.1 per cent over 2024. This is the second-highest anticipated percentage increase among the provinces.

    Last year, the Government of Saskatchewan unveiled its new Securing the Next Decade of Growth – Saskatchewan’s Investment Attraction Strategy. This strategy, combined with Saskatchewan’s trade and investment website, InvestSK.ca, contains helpful information for potential markets and solidifies the province as the best place to do business in Canada. 

    For more information, visit: InvestSK.ca.

    -30-

    For more information, contact:

    MIL OSI Canada News

  • MIL-OSI: EXL announces availability of EXL Code Harbor™ and EXL Smart Agent Assist™ in the new AWS Marketplace AI Agents and Tools category

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 16, 2025 (GLOBE NEWSWIRE) — EXL (NASDAQ: EXLS), a global data and AI company, announced the availability of its Code Harbor™ (“Code Harbor”) and Smart Agent Assist™ (“Smart Agent Assist”) solutions in the new AI Agents and Tools category of AWS Marketplace. Customers can now use AWS Marketplace to easily discover, buy, and deploy AI agents solutions, including EXL’s AI-powered code migration and real-time conversational insights and agent assist solutions, using their AWS accounts, accelerating agentic AI integration initiatives.

    EXL’s Code Harbor helps organizations streamline the code migration process by orchestrating multiple AI agents including those for code comprehension, data cleaning, data lineage, code conversion and code validation, resulting in accelerated delivery, reduced costs, and higher accuracy. EXL’s Smart Agent Assist enhances customer service operations by orchestrating multiple intent recognition AI agents with real-time conversational insights, automated call summaries and smart audits that enable customer service centers to deliver personalized and efficient experiences in addition to improving first call resolution, boosting agent productivity and reducing average handling time.

    “By offering Code Harbor and Smart Agent Assist in AWS Marketplace, we’re providing customers with a highly scalable, efficient and compliant way to embed EXL’s agentic AI solutions into their workflows,” said Anand “Andy” Logani, executive vice president and chief data and AI officer at EXL. “Our customers in insurance, banking and finance, healthcare, retail and other industries are already using these capabilities to improve workflows, reduce costs and deliver better customer experiences, demonstrating the real-world value of our agentic AI solutions.”

    Based on internal studies, Code Harbor helps customers reduce code migration time on average by 35% over manual migrations, while reducing code compute time and memory usage generally by 25% and driving a 10% reduction in query plans. Additionally, analysis shows that Smart Agent Assist delivers typically a 12-15% reduction in contact center agent handling time, enhancing overall resource utilization and minimizing after-call work, ordinarily leading to a 20% decrease in service costs.

    With the availability of AI Agents and Tools in AWS Marketplace, customers can significantly accelerate their procurement process to drive AI innovation, reducing the time needed for vendor evaluations and complex negotiations. With centralized purchasing using AWS accounts, customers maintain visibility and control over licensing, payments, and access through AWS.

    To learn more about Code Harbor and Smart Agent Assist in AWS Marketplace, visit https://aws.amazon.com/marketplace/seller-profile?id=4dcbd65f-ce73-4978-80e5-4953047fd369. To learn more about the new Agents and Tools category in AWS Marketplace, visit https://aws.amazon.com/marketplace/solutions/ai-agents-and-tools/.

    About EXL

    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation, recessionary economic trends, and ability to successfully integrate strategic acquisitions, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by applicable law.

    Contacts
    Keith Little
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    The MIL Network

  • MIL-OSI: EXL announces availability of EXL Code Harbor™ and EXL Smart Agent Assist™ in the new AWS Marketplace AI Agents and Tools category

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 16, 2025 (GLOBE NEWSWIRE) — EXL (NASDAQ: EXLS), a global data and AI company, announced the availability of its Code Harbor™ (“Code Harbor”) and Smart Agent Assist™ (“Smart Agent Assist”) solutions in the new AI Agents and Tools category of AWS Marketplace. Customers can now use AWS Marketplace to easily discover, buy, and deploy AI agents solutions, including EXL’s AI-powered code migration and real-time conversational insights and agent assist solutions, using their AWS accounts, accelerating agentic AI integration initiatives.

    EXL’s Code Harbor helps organizations streamline the code migration process by orchestrating multiple AI agents including those for code comprehension, data cleaning, data lineage, code conversion and code validation, resulting in accelerated delivery, reduced costs, and higher accuracy. EXL’s Smart Agent Assist enhances customer service operations by orchestrating multiple intent recognition AI agents with real-time conversational insights, automated call summaries and smart audits that enable customer service centers to deliver personalized and efficient experiences in addition to improving first call resolution, boosting agent productivity and reducing average handling time.

    “By offering Code Harbor and Smart Agent Assist in AWS Marketplace, we’re providing customers with a highly scalable, efficient and compliant way to embed EXL’s agentic AI solutions into their workflows,” said Anand “Andy” Logani, executive vice president and chief data and AI officer at EXL. “Our customers in insurance, banking and finance, healthcare, retail and other industries are already using these capabilities to improve workflows, reduce costs and deliver better customer experiences, demonstrating the real-world value of our agentic AI solutions.”

    Based on internal studies, Code Harbor helps customers reduce code migration time on average by 35% over manual migrations, while reducing code compute time and memory usage generally by 25% and driving a 10% reduction in query plans. Additionally, analysis shows that Smart Agent Assist delivers typically a 12-15% reduction in contact center agent handling time, enhancing overall resource utilization and minimizing after-call work, ordinarily leading to a 20% decrease in service costs.

    With the availability of AI Agents and Tools in AWS Marketplace, customers can significantly accelerate their procurement process to drive AI innovation, reducing the time needed for vendor evaluations and complex negotiations. With centralized purchasing using AWS accounts, customers maintain visibility and control over licensing, payments, and access through AWS.

    To learn more about Code Harbor and Smart Agent Assist in AWS Marketplace, visit https://aws.amazon.com/marketplace/seller-profile?id=4dcbd65f-ce73-4978-80e5-4953047fd369. To learn more about the new Agents and Tools category in AWS Marketplace, visit https://aws.amazon.com/marketplace/solutions/ai-agents-and-tools/.

    About EXL

    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation, recessionary economic trends, and ability to successfully integrate strategic acquisitions, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by applicable law.

    Contacts
    Keith Little
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    The MIL Network