ArrowMark Financial appointed Melissa Marano Thompson as a Class II Director, enhancing its Board with her extensive finance experience.
Quiver AI Summary
ArrowMark Financial Corp. announced the appointment of Ms. Melissa Marano Thompson as a Class II Director during a Board meeting on September 12, 2025, filling a vacancy on the Board. She will serve until the 2027 annual meeting of shareholders and is also appointed to the Audit Committee and Nominating and Governance Committee as an independent director. Ms. Marano Thompson brings over 30 years of experience in leveraged finance and private equity and has worked in various notable positions, including as a financial consultant and portfolio manager. ArrowMark's Chairman and CEO, Sanjai Bhonsle, expressed enthusiasm for her extensive experience, which he believes will enhance the Board's capabilities. ArrowMark Financial is a closed-end fund focused on providing income and capital appreciation through investments primarily in regulatory capital securities of financial institutions.
Potential Positives
- Ms. Melissa Marano Thompson's appointment as an independent Class II Director enhances the Board's expertise with her extensive background in leveraged finance and private equity.
- Her inclusion ensures compliance with Nasdaq Listing Rule requirements, as the audit committee now has three independent members as mandated.
- The Board's strategic decision to appoint a seasoned investor and risk manager signals a commitment to strong governance and oversight, potentially benefiting the company's performance and shareholder confidence.
Potential Negatives
- Ms. Melissa Marano Thompson was appointed to fill a vacancy on the Board, indicating potential instability or a lack of continuity within the Board structure.
- There is no assurance that ArrowMark Financial will achieve its investment objective, highlighting uncertainties regarding the company's future performance.
- The press release outlines numerous risks associated with ArrowMark Financial's operations, which could potentially deter investors.
FAQ
Who is the new Class II Director at ArrowMark Financial?
Ms. Melissa Marano Thompson has been appointed as the new Class II Director at ArrowMark Financial.
What committees will Melissa Marano Thompson serve on?
Ms. Marano Thompson has been appointed to the Audit Committee and Nominating and Governance Committee.
What is Ms. Marano Thompson's professional background?
She has over 30 years of experience in leveraged finance and private equity, including roles as a portfolio manager and risk officer.
How long will Ms. Marano Thompson hold her position?
She will serve until the Company’s 2027 annual meeting of shareholders and until her successor is elected.
What does ArrowMark Financial primarily invest in?
ArrowMark Financial primarily invests in regulatory capital securities of financial institutions to provide current income and capital appreciation.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BANX Insider Trading Activity
$BANX insiders have traded $BANX stock on the open market 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $BANX stock by insiders over the last 6 months:
- JOHN SCOTT EMRICH sold 1,000 shares for an estimated $21,010
- DANA STAGGS (President) purchased 149 shares for an estimated $2,737
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$BANX Hedge Fund Activity
We have seen 14 institutional investors add shares of $BANX stock to their portfolio, and 15 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- EVERSTAR ASSET MANAGEMENT, LLC added 40,422 shares (+inf%) to their portfolio in Q2 2025, for an estimated $846,032
- NOBLE WEALTH MANAGEMENT PBC added 33,522 shares (+202.0%) to their portfolio in Q1 2025, for an estimated $705,638
- CAPITAL INVESTMENT ADVISORS, LLC removed 28,496 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $596,421
- STIFEL FINANCIAL CORP removed 24,563 shares (-13.7%) from their portfolio in Q2 2025, for an estimated $514,103
- MARSHALL WACE, LLP added 18,423 shares (+inf%) to their portfolio in Q2 2025, for an estimated $385,593
- HRT FINANCIAL LP removed 15,000 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $313,950
- MILLENNIUM MANAGEMENT LLC removed 14,442 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $302,271
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
DENVER, Sept. 16, 2025 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (NASDAQ: BANX), (“ArrowMark Financial” or the “Company”), an investment company registered with the Securities and Exchange Commission (“SEC”), announced today that at a meeting of the Board of Directors (the “Board”) of ArrowMark Financial held on September 12, 2025, Ms. Melissa Marano Thompson was appointed as a Class II Director to fill a vacancy on the Board. As a Class II Director, Ms. Marano Thompson will hold office until the Company’s 2027 annual meeting of shareholders and until her successor is elected and qualified. In connection with her appointment to the Board, Ms. Marano Thompson, as an independent director, was also appointed to serve on each of the Company’s Audit Committee and Nominating and Governance Committee. In connection with her appointment, the Board has determined that Ms. Marano Thompson (i) meets the requirements for audit committee service contained in Nasdaq Listing Rule 5605(c)(2)(A), and (ii) is an “independent director” as defined in Nasdaq Listing Rule 5605(a)(2). After giving effect to Ms. Marano Thompson’s appointment, the audit committee of the Board has three independent members as required by Nasdaq Listing Rule 5605(c)(2)(A).
Ms. Marano Thompson is a seasoned investor and risk manager with a background spanning over 30 years in leveraged finance and private equity. Since 2013, she has been a financial consultant. Prior to her consulting work, Ms. Marano Thompson worked as a portfolio manager of Ivy Hill Asset Management, a division of Ares Capital Corporation and served as a Senior Vice President and Chief Risk Officer at First Light Financial Corporation, a middle market finance company. Previously, Ms. Marano Thompson was a Managing Director at Oaktree Capital Management, Mezzanine Group, focusing on bank debt investments. Prior to joining Oaktree Capital Management, Ms. Marano Thompson was a Managing Director and Senior Portfolio Manager at GSO Capital Partners, where she managed approximately $4.5 billion in assets across their CLO platform. Ms. Marano Thompson also had prior roles at RBC Capital, Credit Agricole Indosuez (Indosuez Capital) and was credit trained at Chemical Bank. Ms. Marano Thompson received her B.B.A., in finance, cum laude, and her MBA in finance from Hofstra University.
Sanjai Bhonsle, Chairman and CEO, commented, “We are delighted to welcome Melissa to our board and believe her vast experience as a seasoned investor, risk manager and leadership in leading several credit platforms will augment our Board. We look forward to working with Melissa and her contribution to BANX.”
About ArrowMark Financial Corp.
ArrowMark Financial Corp. is an SEC registered non-diversified, closed-end fund listed on the NASDAQ Global Select Market under the symbol “BANX.” Its primary investment objective is to provide stockholders with current income, and to a lesser extent, capital appreciation. The Fund pursues its objective by investing primarily in regulatory capital securities of financial institutions. ArrowMark Financial is managed by ArrowMark Asset Management, LLC. To learn more, visit ir.arrowmarkfinancialcorp.com or contact the Fund’s secondary market service agent at 877-855-3434.
Disclaimer and Risk Factors:
There is no assurance that ArrowMark Financial will achieve its investment objective. ArrowMark Financial is subject to numerous risks, including investment and market risks, management risk, income and interest rate risks, banking industry risks, preferred stock risk, convertible securities risk, debt securities risk, liquidity risk, valuation risk, leverage risk, non-diversification risk, credit and counterparty risks, market at a discount from net asset value risk and market disruption risk. Shares of closed-end investment companies may trade above (a premium) or below (a discount) their net asset value. Shares of ArrowMark Financial may not be appropriate for all investors. Investors should review and consider carefully ArrowMark Financial’s investment objective, risks, charges and expenses. Past performance does not guarantee future results. The Annual Report, Semi-Annual Report and other regulatory filings of the Fund with the SEC are accessible on the SEC's website at www.sec.gov and on the Fund’s website at ir.arrowmarkfinancialcorp.com.
Contact:
[email protected]
Destra Capital Advisors LLC (877) 855-3434
Destra Capital Advisors LLC provides secondary market services for the Fund by agreement.
