Business News of Friday, 29 April 2016
Source: Groupe Nduom
Groupe Nduom has completed the transaction to admission a coffer in the USA. This begins a new important and beat affiliate in the ambitious history of our multi-national accumulation of companies.
The accretion of Illinois-Service Federal Accumulation Coffer (ISF Bank) follows the authoritative approval by the US Office of the Comptroller of the Currency. The Board of Directors of ISF Coffer aftermost year accustomed the acceptance of a Plan of Voluntary Supervisory About-face and Banal Purchase Agreement with Dr. Papa Kwesi Nduom and Nduom ancestors members, pursuant to which the Coffer adapted from the alternate anatomy of buying to the banal anatomy of buying and issued anew accustomed shares of its accepted banal to the investors in a recapitalization transaction. The about-face and recapitalization was a acute footfall in the turnaround of the Bank, which accomplished difficulties during the bread-and-er abatement of 2008, which was abnormally adverse for African-American communities and the banks that serve them.
“Founded in Chicago in 1934, the Coffer has been a acute antecedent of basic and cyberbanking casework for families, bounded baby businesses, faith-based institutions and nonprofit organizations in our neighborhoods,” said Norman J. Williams, actual accomplished Chairman and CEO of ISF. “This marks a new affiliate in the activity of the Bank, which will accredit it to sustain the rigors of cyberbanking accent that accept bedeviled abounding communities in Chicago and abide to accommodate much-needed cyberbanking casework and admission to credit. Given the accepted altitude in our country, the Coffer is bare added than anytime to accommodate cyberbanking casework and drive redevelopment in our market,” added Mr. Williams.
“The Nduom ancestors is appreciative to abutment this arch academy and trusted Chicago accomplice which, for eight decades, has formed to abate the burghal areas in which it operates,” said Dr. Nduom. “Our advance will accredit the Coffer to body aloft its bequest by accouterment a apartment of avant-garde cyberbanking casework and articles to abode its customers’ needs. This advance helps ensure that boyhood focused banks abide to comedy a basic role in affiliation bread-and-er development.”
“We accept in a absolute access to adjacency awakening including housing, schools, businesses, and not-for-profits, all important assets which ISF affairs and sustains beyond Chicago’s communities,” said Mr. Williams. “By continuing to serve individuals and institutions with mission-driven capital, ISF will abound and advance forth with the City.”
The Coffer began in 1934 back affiliation leaders came calm to authorize a accumulation and accommodation affiliation acute to the needs of African-American association of Chicago. The ISF Coffer has two offices in the City, and through its Internet cyberbanking program, its casework and articles are accessible nationwide. Its mission is “To accommodate the underserved and abundantly unbanked boyhood constituency with cyberbanking articles that clothing their needs and chump account that exceeds expectations.”
Dr. Papa Kwesi Nduom and Mrs. Yvonne Nduom are clandestine investors who began their able activity in the Midwestern United States. Dr. Nduom was a Deloitte & Touche accomplice in Milwaukee, Wisconsin. Mrs. Nduom formed with Allstate Insurance and Blue Cross, Blue Shield in Wisconsin. They accommodate managerial, abstruse and cyberbanking casework through their administration casework company, International Business Solutions, LLC, based in Washington D.C. As an ambitious family, the Nduom Ancestors is appreciative and beholden for the befalling to accord to ISF’s bequest of socio-economic development. “We attending advanced to confined and architecture the South ancillary affiliation of Chicago in the continued attitude of Illinois Account Federal as a prime residential and business affiliation to acclaim the proposed President Obama Library to be sited there.”
Groupe Nduom is a ancestors business accumulation of Ghanaian and American origin. It manages a assorted portfolio of businesses and amusing abundance enterprises primarily in West Africa, the United Kingdom and the United States of America. Groupe Nduom’s active belief are to acquire and advance a acceptability of aerial belief and integrity; accomplish complete business investments; booty a abiding appearance of success; and allotment success with employees, affiliation and shareholders. Each affiliate aggregation of Groupe Nduom seeks to bear constant results, advance addition and advance by example, not alone in its industry-specific associate accumulation but additionally in accumulated Africa, and about the world.
Groupe Nduom manages companies in a array of industries such as:
1. Cyberbanking Industry: GN Bank, First National Togo, First National Cote d’Ivoire, GN Reinsurance, GN Activity Assurance, Gold Coast Fund Management, Gold Coast Brokerage, PenTrust, Liberian Enterprise Development Finance Company, Ghana Growth Fund Company. 2. Media: First Digital TV (including several television channels), Today Newspaper, DigiCut advertising, Radio stations. 3. Hospitality, Sports and Entertainment: Coconut Grove Hotels, Elmina Sharks FC, Spyder Lee Entertainment, Sea Lions FC, Ahomka Fie Event Place. 4. Industrial: GN Quarry, GN Concrete Products, GN Motors, FreshPaK, GN Electronics, GN Logistics, GN Printing, Qualtek (Technology), GN Power. 5. Education: Monica Yorke School, Nduom University (Nduom School of Business & Technology; and GN Learning & Development Center), Elmina Affiliation Library.
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