February 14, 2023 Northland Networks Attending 2023 NIC Spring Conference in San Diego We’ll be attending the NIC 2023 Spring Conference in San Diego, March 1-3. This National Investment Center for Seniors Housing & Care (NIC) conference recognizes that partnerships between housing, financing, and healthcare leaders will be key to building a healthier future for America’s older adults. Integrating the healthcare services with the housing environment will lead to greater options for future care. The Northland Networks team is eager to meet senior living industry professionals and grow our network. Email us to schedule a meeting: skahn@northlandsecurities.com or abudniak@northlandsecurities.com. We’ll see you there! Northland Networks: NIC 2023 Spring Conference Announcement Learn more about Northland Networks
February 1, 2023 — Northland Capital Markets — Institutional Investor Conference Northland Capital Markets will be hosting an Institutional Investor Conference on Tuesday, Sept 19, 2023, in downtown Minneapolis. Link: Visit the NCM II Conference webpage as details are posted. Save the Date: Tuesday, Sept 19, 2023, 8:00 AM – 4:30 PM Location: Minneapolis Marriott City Center Hotel, 30 South 7th Street, Downtown Minneapolis, MN 55402 Conference Registration: Links coming soon Hotel Room Reservations (block closes August 28): Room block rate of $199 (plus taxes) for night of Monday, Sept. 18, 2023, at Marriott City Center. Reserve: Northland II Conference / Marriott City Center Room Reservation Link Questions: Contact Christine Garofalo at cgarofalo@northlandcapitalmarkets.com Sponsorships available: Contact Heidi Fletcher at hfletcher@northlandcapitalmarkets.com
January 5, 2023 First National of Nebraska to Acquire Northland Capital Holdings OMAHA, NE — January 5, 2023 — First National of Nebraska, Inc. (FNNI) today announced that it has entered into a definitive agreement to acquire Northland Capital Holdings, including its subsidiary Northland Securities, Inc. (Northland), pending regulatory approval. Founded in 2002, Northland Securities is a capital markets firm with a full-service securities broker-dealer headquartered in Minneapolis, Minnesota, with offices in seven states and approximately 170 employees. Northland is a leading underwriter of tax-exempt bonds in the Midwest and is recognized for its equity markets research and specialization in finance and capital market access for corporate, government, and non-profit clients. “First National of Nebraska is proud to add Northland’s full-service securities brokerage firm to our portfolio of products and services,” said Clark D. Lauritzen, Chairman and President. “Our companies share similar core values, ways of doing business, and approaches to serving our customers and communities. We look forward to working together to meet the financial goals of our corporate, government, and non-profit clients with the highest levels of integrity and accountability.” “The acquisition by First National of Nebraska will make Northland an even stronger full-service broker-dealer. By combining our expertise with the capital and resources that a $30 billion privately-held bank offers, we create more opportunities for our customers and theirs, as well as our employees,” said Randy G. Nitzsche, Northland President and CEO. “Northland looks forward to partnering with FNNI given our strong cultural alignment and shared growth aspirations throughout the Midwest.” The transaction, which is subject to regulatory approval and the completion of various closing conditions, is anticipated to close in the first quarter of 2023. Lauritzen said that once the transaction is complete, Northland Securities will operate as a subsidiary of FNNI, with its existing systems, products and services. Piper Sandler & Co. served as financial advisor to First National of Nebraska and Kutak Rock LLP served as legal advisor. Faegre Drinker served as legal advisor to Northland Securities. About First National of Nebraska, Inc. First National of Nebraska and its affiliates have nearly $30 billion in assets and 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota, Texas and Wyoming. Learn more at fnni.com. About Northland Securities, Inc. Northland Securities, Inc., Member FINRA/SIPC and registered with SEC and MSRB, is a diversified financial services firm, including investment banking and full-service broker-dealer divisions, offering investment and finance services for government entities, financial institutions, non-profit organizations, and individual investors. The firm is a leading underwriter of tax-exempt bonds in the Midwest and is recognized for its equity markets research and specialization in finance and capital market access for corporate, government, and non-profit clients. Headquartered in Minneapolis, Minnesota, Northland Securities has branch offices in California, Colorado, Iowa, Michigan and Wisconsin. Contacts Sally Christensen, 402-871-1933 schristensen@fnni.com
October 21, 2022 Northland Networks: Melrose Park, IL – Healthcare Refinancing Loan Deal Northland Networks has recently closed a healthcare refinancing loan. The financing was for an Acute Care Hospital Facility in Melrose Park, Illinois. Despite economic volatility and rising Interest Rates, Northland Networks continues to be successful in closing healthcare financing deals. We partner with quality borrowers that have strong guarantees and are well collateralized. This makes working with Northland a smart choice for any lender looking for attractive yields and diversification benefits within the healthcare space. Contact Seth Kahn and the Networks Team regarding gaming finance opportunities. More information: Northland Networks Melrose Park Healthcare Refinancing Loan (10/21/22)
September 30, 2022 Northland Public Finance: Revenue Refunding Bonds – City of Caseville, MI Northland Public Finance – serving as Placement Agent to City of Caseville – announces the successful sale of $2,158,000 Water Supply and Distribution System Revenue Refunding Bonds, Series 2022. This refinancing was successfully completed for the City with an interest rate of 3.79%, with no DSRF requirement. This allowed the City to shorten the amortization by 5 years with a final maturity of July 1, 2040. The refinancing saved the City approximately $962,000, or $547,000 net of the RRI and DSRF contributions. More information: Northland Public Finance Case Study – City of Caseville, MI (9/27/22)
September 22, 2022 Northland Networks: Anderson, SC – Skilled Nursing Facility Financing Northland Networks is pleased to announce the successful financing of Condor Health, a 181-bed SNF in Anderson, SC. Utilizing our network of 500+ Community Bank partners, Northland Networks has closed another transaction with The Portopiccolo Group. The refinancing loan represents a 65% loan-to-“as is” value. Contact Seth Kahn and the Networks Team for more information or if you would like to see our current loan participations. For more information: Northland Networks Financing for Condor Health SNF (9/22/22)
March 29, 2022 Northland Public Finance: Maple River School Bond Success Design Develop Construct Journal’s Winter 2021 issue featured the recent success of a school bond referendum for the Mapleton, MN – Maple River School District. Currently, the students in the district are housed in three different, aging facilities from the 1930s. The $63.3 million school will bring those students together in a more efficient and effective learning environment, with larger gym space, STEM labs, modern classrooms, and specialized facilities to enhance learning. The school should be ready for the students in Fall 2022. Northland worked diligently with the school staff to get this bond in place for the future of the community: “The challenges that Maple River’s new K-12 school development was facing were difficult to overcome, but with persistent community work on the referendum and providing better information to the voters, we were able to get the bond passed by a thin margin after several previous attempts failed. Northland is grateful to be part of the team that got it done for that community’s future generations.” — Greg Baufield, Managing Director, Northland Public Finance For more information: DDC Magazine, Winter 2021 Issue. The Maple River School article starts on page 86. Northland’s ad placement in the issue – Page 86 Northland’s Public Finance Team
January 11, 2022 NORTHLAND CELEBRATES 20 YEARS! Founded in 2002 by a core of municipal finance and underwriting professionals, Northland proudly celebrates 20 years in the industry in 2022. The veterans of that early organization came from national and regional investment banking and financial advisory firms and shared a common focus – Midwest bond issuers. The firm has grown to over 170 employees, across complementary business units: Equity Capital Markets, Fixed Income, Public Finance, Wealth Management, Trust Services, and Networks (lending and financing). The firm is a leading underwriter of tax-exempt bonds in the Midwest, and is recognized for its equity markets research and specialization in finance and capital market access for corporate, government, and non-profit clients. Headquartered in Minneapolis, Minnesota, Northland Securities has branch offices in California, Colorado, Iowa, Michigan, New York, and Wisconsin. We’ve come a long from that humble start, and we still have plenty of goals to realize and deals to be done. We thank our clients, partners, and associates for 20 years of success!
June 30, 2020 Client Information on SEC’s Regulation Best Interest SEC Regulation BI Information and Disclosures The Securities and Exchange Commission (“SEC”) has adopted Regulation BI (“RegBI”), a new rule under the Securities Exchange Act of 1934 (“Exchange Act”) establishing a “best interest” standard of conduct for broker-dealers and Registered Investment Advisors (“RIAs”) and associated persons when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer. The standard of conduct is to act in the best interest of the retail customer at the time a recommendation is made, without placing the financial or other interest of the broker-dealer, RIA, or associated person making the recommendation ahead of the interest of the retail customer. The SEC concurrently adopted a rule requiring each broker-dealer and RIA to provide its retail clients and file with the SEC a “Client Relationship Summary” (“Form CRS”) providing information about that broker-dealer or RIA and the way it conducts business. The RegBI Form CRS compliance and implementation date is June 30, 2020. Ask a Northland Financial Representative for more information on RegBI. INVESTOR INFORMATION – What You Need to Know – Investor.gov Online Resource Site – SEC’s Office of Investor Education and Advocacy (OIEA) FINRA Key Topic – SEC Regulation Best Interest SEC Regulation Best Interest, Form CRS, and Related Interpretations NORTHLAND DOCUMENTS Northland Form CRS Broker-Dealer ONLY (7-31-2021) Northland Form CRS Broker-Dealer & RIA DUAL (7-31-2021) Northland RegBI Disclosure Document (6-30-2020)
