On Friday, Shares of Primoris Services Corp (NASDAQ:PRIM), subtract -3.87% and shut at $22.88 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $22.69 and $23.49. The business’ commercial center capitalization is $1.15 Billion with the aggregate fabulous loads of 51.78 million. Primoris Services Corporation (PRIM) (“Primoris” or “Company”) recently declared that its Board of Directors has designated John P. Schauerman as a Class C director, effective November 15, 2016. Mr. Schauerman’s designated term will expire at the 2017 Annual Meeting. With the addition of Mr. Schauerman, the Board will consist of eight members of whom five meet the Nasdaq guidelines as independent directors. The Board has not yet designated Mr. Schauerman to any specific committees.
Mr. Schauerman was a board member and executive officer of Primoris from July 2008, when Primoris became a publicly listed company through a merger with Rhapsody Acquisition Corp., to May 2013. His executive positions included Executive Vice President of Corporate Development from February 2009 to May 2013, when he was responsible for developing and integrating Primoris’ overall planned plan, counting the evaluation and structuring of new business opportunities and acquisitions and Chief Financial Officer from February 2008 to February 2009.
Shares of TowneBank (NASDAQ:TOWN), added 1.48% and shut at $30.90 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $30.40 and $31.20. The association’s commercial center capitalization is $1.99 Billion with the general uncommon loads of 62.39 million. TowneBank provides retail and commercial banking services for small- and medium-size businesses, professionals, and individuals. The company operates in three segments: Banking, Realty, and Insurance. It accepts various deposits products, counting checking accounts, negotiable order of withdrawal accounts, savings accounts, time and demand deposits, money market accounts, certificates of deposit, and individual retirement accounts. The company also offers secured and unsecured personal loans for financing automobiles, home improvements, education, and personal investments; commercial loans for working capital, business expansion, and equipment and machinery purchases; mortgage loans; and real estate construction and acquisition loans. It also provides safe deposit boxes, cash administration services, travelers checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts, in addition to Internet, mobile, and on-call banking services. In addition, the company offers documentation services to accomplish tax deferral to shareholders; asset administration and commercial mortgage brokerage services; and other financial services, such as financial, retirement, and estate planning services, in addition to assistance on various investment options, such as alternative investments, annuities, margin accounts, convertible bonds, and pension and profit sharing plans. Further, it provides residential real estate, relocation, property administration, vacations rental, and title and settlement services; and originates residential mortgage loans. In Addition To, the company offers life, property, casualty, and vehicle insurance services; travel, medical, and baggage protection insurance for travelers; and employee benefit programs, such as medical, dental, vision, and disability insurance.