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Lionel Messi Pays Respect to Argentina Soccer LegendFORT LAUDERDALE, Fla. — When the MLS playoffs began late last month, everyone who follows Inter Miami assumed coach Tata Martino would be preparing his team for the conference semifinals this week. Instead, the runner up for MLS Coach of the Year was in the Chase Stadium interview room on Friday morning announcing his resignation two weeks after the team’s shocking first-round playoff exit. Martino said he wanted to diffuse rumors and stress that he is leaving strictly for personal reasons, that he must return to his hometown of Rosario, Argentina, and that his decision was made before the first playoff game in late-October. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get the latest sports news delivered right to your inbox six days a week.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . Winning week for markets Major U.S. indexes rose on Friday to end the week in the green , despite mega-cap stocks Nvidia and Alphabet shares dropping. Europe's regional Stoxx 600 advanced 1.18%. The banking index, which lost 2%, was the only sector to fall . Euro zone business activity was in contraction territory in November after remaining static in October. Trump nominates Treasury secretary U.S. President-elect Donald Trump intends to nominate Scott Bessent , founder of the hedge fund Key Square Group, as his Treasury secretary. Like Trump, Bessent is in favor of gradual tariffs and deregulation to support domestic business and address trade imbalances. Bessent was chosen over former Fed Governor Kevin Warsh and private equity executive Marc Rowan. Amazon doubles investment in Anthropic Amazon announced it would invest an additional $4 billion in Anthropic , an artificial intelligence startup founded by ex-OpenAI employees. That brings Amazon's total funding in Anthropic to $8 billion, though it will remain a minority investor, said Anthropic. The AI company's flagship product is Claude, a chatbot like OpenAI's ChatGPT. Climate deal at COP29 At the COP29 climate conference in Azerbaijan, developed nations pledged to provide $300 billion annually to poorer countries to tackle climate change. This deal replaces an earlier commitment to provide $100 billion a year. Meanwhile, Sir Richard Branson, billionaire founder of Virgin, said that "we can overcome climate change" if "everybody focused together." [PRO] Interest rates back in focus This week, the October personal consumption expenditures price index, out Wednesday, will dominate attention . "This might be one of the last big key pieces of data" for the U.S. Federal Reserve before its December meeting, said a fund manager. Minutes for the November meeting of the Federal Open Market Committee, releasing a day prior, will give investors more insight into the pace of future rate cuts. Big-name tech and chip stocks faltered last week. Despite almost doubling its third-quarter revenue , compared with a year earlier, Nvidia shares fell 3.2% on Friday, capping off a bumpy week during which the stock fluctuated between the red and the green. Google-parent Alphabet , meanwhile, ended the week almost 5% lower after the U.S. Department of Justice recommended the company divest its Chrome browser as a remedy to its antitrust case. And Amazon , its Big Tech counterpart, retreated 3.4% during the week. That said, major indexes managed to reverse the previous week's dip. The Dow Jones Industrial Average was 2% higher for the week and the S&P 500 and Nasdaq Composite both climbed around 1.7%. Even though other Magnificent Seven stocks did contribute to that, the indexes mostly have companies less in the spotlight, like Super Micro Company , to thank. Likewise, small-cap stocks, which have languished behind their bigger cousins for years, seem to be staging a comeback as interest rates fall and Trump is poised to reenter the White House. The Russell 2000 ended the week 4.5% higher, outperforming the above three indexes. "Investors are rotating out of the previous high flyers of large-cap communication services and technology and into other cyclical sectors of consumer discretionary, industrials, and financials, as well as mid- and small-cap stocks," said Sam Stovall, chief investment strategist at CFRA Research. And bitcoin , once dismissed by most mainstream investors and institutions as an esoteric plaything that did not seem to have any inherent value, is close to shattering the $100,000 ceiling. That said, this inversion isn't likely to last. "On the back of strong expected revenue growth in 2025, we maintain our positive view on the AI compute industry and NVIDIA in particular," UBS analyst Sundeep Gantori wrote in a Thursday note. Despite a temporary dip, the AI play will likely remain the main theme for the markets next year. — CNBC's Pia Singh, Alex Harring and Jesse Pound contributed to this report.

Nokia completes the share buyback program launched in March

“My ask of everyone here in Calgary, Alberta and across the prairies is get involved, get engaged.” Speaking with Digital Journal at Launch Party during Innovation Week YYC, Ian Macdonald, Business Innovation Leader at KPMG Canada, shared his passion for fostering Calgary’s innovation ecosystem. Known as a “super connector” by many in the ecosystem, Macdonald emphasized the importance of collaboration, community engagement, and bridging gaps between startups, scaleups, and established businesses to drive economic growth. When assessing Calgary’s innovation ecosystem, Macdonald praised its rapid progress. “I think we are the envy of a number of cities right now,” he noted. “We’re obviously ranked as the fastest growing tech ecosystem in North America, as per the CBRE’s recent report.” Macdonald highlighted the $8.1 billion in economic impact brought to the city over the past five years but underscored that there’s room for improvement. “How do we find a way to cross and bridge that gap? Part of my role at KPMG through our high-growth ventures team is to find ways to create collisions between early-stage and scaling companies and our corporate clients in the community.” Macdonald pointed to cleantech, agtech, and proptech as industries rapidly shaping Calgary’s future. He singled out ResVR, the winner of the People’s Choice Award at Launch Party, as an example of innovation in proptech. “ResVR is helping home builders and buyers purchase their homes faster, a better process and for builders to actually sell upgrades even faster, too.” For Macdonald, meaningful community engagement is about supporting others without expecting anything in return. “Go into it genuinely wanting to help other people, and you’ll see over time that it will come back in spades,” he shared. Macdonald ended the conversation with a call to action for Calgary’s business and innovation community: “Come to events like this, Launch Party, go to a pitch event and see companies that are showcasing their product. Go to your teams within your company, and ask the questions [like] how can we innovate? And what are the solutions that are in the market, right here in our own backyard?” Want to hear more about Ian Macdonald’s insights on driving innovation, bridging gaps, and how Calgary can hit its next growth inflection point? Watch the full interview below. Click below to watch the video and explore the future of Calgary’s innovation ecosystem. Digital Journal is the official media partner of Innovation Week YYC. Here’s how you can follow: This article was created with the assistance of AI. Learn more about our AI ethics policy here . Chris is an award-winning entrepreneur who has worked in publishing, digital media, broadcasting, advertising, social media & marketing, data and analytics. Chris is a partner in the media company Digital Journal , content marketing and brand storytelling firm Digital Journal Group , and Canada's leading digital transformation and innovation event, the mesh conference . He covers innovation impact where technology intersections with business, media and marketing. Chris is a member of Digital Journal's Insight Forum.Accomplished Leader Brings Expertise in Finance and Tribal Governance SAN DIEGO , Dec. 17, 2024 /PRNewswire/ -- Indigenized Energy, a Native-led organization building sustainable solar energy systems with Tribes nationwide, has announced the appointment of Lorilee J. Morsette , MS, THRP as Chief Operating Officer (COO). Morsette previously served as President of National Accounts for Tribal Markets at Mutual of America Financial Group and led HR operations for nearly 600 employees at the Nisqually Indian Tribe in Olympia, Washington . As COO, Morsette will oversee program delivery, finance, human resources, technology, and will ensure operational excellence. The newly created COO role is integral to scaling the organization's impact in 2025 and beyond. In April, Indigenized Energy, along with its partners the MHA Nation-Three Affiliated Tribes and the Tribal Renewal Energy Coalition, were awarded $135.5M in Solar for All funding by the EPA. A Suquamish and Chippewa-Cree from Rocky Boy, Montana , Morsette brings a visionary approach informed by the historical challenges faced by Indian Country. Morsette said, "Joining Indigenized Energy allows me to combine my expertise in financial services with my deep commitment to advancing opportunities for Native Americans. Our community's strength lies in our autonomy, and Indigenized Energy stands as a beacon of hope towards that goal. Together, we are Native-led, driven by our shared values, and contributing to a future where all voices and spirits thrive." Morsette's leadership adds depth to Indigenized Energy's executive team, which already excels in solar technology and tribal relations. Her presence is a milestone for Native women in leadership: women hold only 15% of C-suite roles in the finance sector and 18% in the solar industry, with Native American women representing a fraction of these figures. Cody Two Bears, Founder and CEO of Indigenized Energy said, "If we wrote a COO job description that called for expertise in corporate finance, management, Tribal governance, and values that align seamlessly with our own, and then looked for a Native American woman, we never would have found that. We cast a wider net and fortunately, connected with Lorilee at a time when she was open to a bold new leadership opportunity. Her appointment is a testament to the right timing and shared vision. I have no doubt." About Indigenized Energy With a mission focused on developing innovative and practical energy solutions, Indigenized Energy endeavors to support tribal autonomy, economic development, and environmental stewardship through clean energy initiatives. Indigenized Energy is registered as a charitable corporation in North Dakota and is a fiscally sponsored project of Mission Edge San Diego, a 501(c)(3) nonprofit headquartered in San Diego. Our Federal Tax ID # 27-2938491. https://www.4indigenized.energy/ View original content to download multimedia: https://www.prnewswire.com/news-releases/indigenized-energy-names-lorilee-j-morsette-as-chief-operating-officer-302334331.html SOURCE Indigenized Energy

Donald Trump's 25% tariff threat raises fears of recession in Canada, while Trudeau government won't rule out retaliationJannik Sinner enjoyed an unforgettable season marked by his first two Grand Slam titles and ending the year as world number one but the Italian heads into 2025 with the cloud of a potential doping ban still hanging over his head. Sinner has so far managed fears that a ban might bring his career to a shuddering halt, but his mental fortitude will be tested again when he takes on the fresh challenge of defending a major title at January’s Australian Open. “I don’t know how I’m going to react, how I’m going to play,” Sinner said after winning the ATP Finals in Turin. “I’m going to prepare in the best possible way. Like every event and then we see. I always say tennis is unpredictable. You never know what can happen. So it’s going to be all good if mentally you’re in a good place.” Born in the German-speaking Tyrolean town of San Candido near the border with Austria, Sinner spent much of his youth ploughing down the slopes on skis. After switching focus solely to tennis a decade ago at the age of 13, however, his trajectory has all been upwards with a major surge over the last two seasons. Entering the 2023 campaign ranked 15th in the world, Sinner captured four titles, including his first Masters tournament at the Canadian Open, and reached the semi-finals at Wimbledon and the ATP Finals title-decider. He signed off the season by beating 24-times Grand Slam champion Novak Djokovic at the Davis Cup and hit the ground running in 2024 by dethroning the Serb at Melbourne Park en route to winning his maiden major. He added the U.S. Open crown in September and ended the season with a 70-6 match record — his triumphs at Rotterdam, Miami, Halle, Cincinnati, Shanghai and Turin leaving him with more titles than defeats in a superb campaign. Sinner’s fellow rising superstar Carlos Alcaraz won the French Open and Wimbledon titles as the dominant duo shut out Djokovic, the last remaining active member of the ‘Big Three’, and put distance between themselves and the chasing pack. “My goal was to understand what I can achieve this year. There was no specific goal of winning a Grand Slam or being number one,” said Sinner. “It’s going to be the same next year: whatever we can catch, we take and the rest we learn. I think that was the mentality we approached this year with, trying to raise my level in specific moments, which I’ve done throughout. “I’m happy about that because it’s a nice way to finish off an incredible season. A lot of wins, a lot of titles. I believe there’s still (room for) improvement ... Let’s see what’s coming next year. The future, nobody can predict.”

(TNS) — Rend Lake College celebrated the opening of its Southern Illinois Manufacturing Academy on Thursday, a 20,000 square-foot facility that promises state-of-the-art training for the manufacturers of tomorrow. In June 2022, Rend Lake College was awarded a $5 million grant from the US. Department of Commerce Economic Development Administration through funding provided by the American Rescue Plan. SIMA stands at the Rend Lake College MarketPlace on Potomac Boulevard in Mount Vernon, just off of Interstates 57 and 64. The academy includes advanced training stations for welding, machining, pneumatics, electronics, wiring, power and controls, a robotics lab, a computer lab and classrooms for lectures and presentations. Terry Wilkerson, president of Rend Lake College, used a hockey analogy during his remarks, to not skate where the pick is, but where it’s going to be. “I hope industry and the community realize our role and how serious we take it as a college to be on the forefront of where we think we need to be, and where we can help take our region,” Wilkerson said. One of the highlights of the academy is Confection Connection, a chocolate production facility born out of a grant stipulation requiring the production of a tangible product. It is a collaboration with the college’s Culinary Arts program meant to display the entire production process that blends culinary arts with manufacturing. Lori Ragland, executive vice president of Rend Lake College, called the facility a “significant milestone” for the region. “This training academy is more than just classrooms and equipment,” Ragland said. “It’s about opportunity. Opportunity for our students to gain skills for sustainable jobs, for our local businesses to find talent, and for our economy and community to thrive.” Wilkerson said the concept was originally pitched to the state government before becoming a federal project. “The state liked the proposal so much that they modeled it and they awarded two in the state, but they didn’t put it here, so we decided to explore more options,” Wilkerson said. “I can’t tell you the status of the other two that were put forward, but I can tell you this: we’ve come in on time and under budget.” Christopher Sink, director of the Southern Illinois Manufacturing Academy, explained how the facility will look to keep up with the needs of an ever-changing industry for the benefit of the students it will train. “We’re always pursuing new avenues to bring new technologies and equipment in here to meet the demands of our business partners and to make sure that we provide a good education and good skill set for our graduating students so that they’re successful now,” Sink said. State Rep. Dave Severin (R-Benton) was on hand during the showcasing of the academy and described the facility as “phenomenal.” He said the facility will provide a beacon for people to stay in Southern Illinois after high school or come to Illinois instead of needing to seek opportunities elsewhere. “This is giving a reason for young people to stay in Southern Illinois for the opportunities that are here,” Severin said. “If you’re a student and you’re interested in getting into the trades, you don’t have to drive to another state or go somewhere else. You can stay in Southern Illinois.” Severin commended the effort by Rend Lake College to make such an investment in expanding its reach and staying competitive to build up the region. “It’s one thing to talk about something,” Severin said. “It’s another thing to produce. This is producing. This keeps us relevant.” For more information about the Southern Illinois Manufacturing Academy, contact SIMA director Christopher Sink at 618-437-5321, ext. 1798, or visit .

California’s ‘Trump-proofing’ likely won’t include AI — at least not yetDetroit Lions wide receiver Jameson Williams will not face charges relating to a gun stop last month. In a statement released Monday, Wayne County Prosecutor Kym Worthy announced that Williams will not be charged after an investigation into whether he was carrying a gun without a license during an October traffic stop. Worthy stated that Williams was not charged because the gun belonged to his brother, who did have a concealed pistol license. Williams would have been charged had the gun been on his person, but it was not. “We have looked at this case thoroughly and objectively. We did not consider that Mr. Williams is a Detroit professional athlete in our decision making,” Worthy said. “We have charged Detroit area athletes before and would not have hesitated to do so again if the facts of this case could be proven beyond a reasonable doubt. “We had a team of experienced lawyers look at this case — as we often do — especially when the law is unclear or unsettled. We all agreed that this decision is the right and just one. And I am personally certain that the right decision has been made with these specific and unique set of facts.” pic.twitter.com/rFfg8fS802 — Ben Raven (@BenjaminSRaven) November 25, 2024 Detroit police had begun investigating why Williams was not arrested during the traffic stop in late October after it was reported on by local media. There was some suggestion that Williams may have received favorable treatment due to his status as a prominent Lions player, and there was a lack of clarity regarding whether the gun under Williams’ seat belonged to him or his brother. Williams recently served a suspension for violating the league’s PED policy and is now back in action. The third-year receiver has caught 29 passes for 602 yards and four touchdowns in 2024, and both he and the Lions will be hoping his off-field issues are now behind him. This article first appeared on Larry Brown Sports and was syndicated with permission.Avianor receives $7.6M in financial assistance from CED. MIRABEL, QC , Nov. 21, 2024 /CNW/ - Canada Economic Development for Quebec Regions (CED) The Government of Canada has already demonstrated how much of a priority it is to support the aerospace industry, a key component of our economy. That is why the Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED, today announced a repayable contribution of $7.6M for Avianor, an affiliate of DRAKKAR. This CED support will enable the business to meet the growing needs of the aerospace industry by building a new hangar dedicated to maintaining A220 aircraft. This assistance will contribute to maintaining good jobs in the region. Founded in 1995, Avianor specializes in maintaining, repairing, and servicing aircraft and in developing solutions for airplane interiors. The aim of CED's assistance is to increase the business's production capacity and productivity by creating the A220 Center of Excellence. These new facilities will enable Avianor to meet the rapidly growing demand and will also be an asset in convincing national and international airline companies to entrust the business with maintaining their aircraft. Aerospace is a pillar of the economy and of innovation in Canada . It is one of the most research‐intensive and export-focused manufacturing industries, employing over 230,000 highly qualified people across the country. The aerospace sector is essential to the economic development of communities and businesses from coast to coast to coast. The Government of Canada is committed to supporting businesses within Canada's aerospace sector by helping them adopt sustainable environmental practices and seize opportunities to contribute to the country's future growth. Quotes "Our aerospace industry is a key driver of the economy and innovation in Canada . Our government will always be a faithful ally to this industry. This contribution for Avianor to create the A220 Center of Excellence in Mirabel will strengthen the regional economy. This assistance is key to help the business meet the rapidly growing demand and remain competitive internationally. Thanks to Quebec's expertise and everyone's collaboration, the success and spin-offs of this project will be felt across Quebec and Canada." The Honourable Soraya Martinez Ferrada, Member of Parliament for Hochelaga, Minister of Tourism and Minister responsible for CED "Today's announcement is the final step in a long-term project made possible thanks to the involvement and contributions of several stakeholders, including strategic support from CED. We are celebrating a landmark moment both for Avianor and DRAKKAR and for Canada's aerospace industry." Benoit Hudon , President and CEO, DRAKKAR "Avianor's A220 Center of Excellence consolidates Quebec and Canada's position as a hub of innovation. By increasing our technological capacities and infrastructure, we are opening a path towards new strategic partnerships and strengthening our visibility among international players. A special thank-you to the advisors at CED for their support throughout our journey." Hugo Brouillard , Chief Operating Officer and President of DRAKKAR Affiliates, including Avianor Quick facts The funds have been granted under the Aerospace Regional Recovery Initiative (ARRI). Delivered by Canada's regional development agencies (RDAs) with a national budget of $250 million over three years, the ARRI complements other measures announced in Canada's COVID-19 Economic Response Plan. It is part of a global Government of Canada strategy that includes measures being implemented by Innovation, Science and Economic Development Canada to boost the aerospace industry. CED is the key federal partner in Quebec's regional economic development. With its 12 regional business offices, CED accompanies businesses, supporting organizations and all regions across Quebec into tomorrow's economy. Associated links Avianor DRAKKAR CED funding initiatives and programs Stay connected Follow CED on social media Consult CED's news SOURCE Canada Economic Development for Quebec Regions View original content: http://www.newswire.ca/en/releases/archive/November2024/21/c7681.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

FRANKFORT, Ky. (AP) — Looking for hard-to-find bottles of Kentucky bourbon to toast the holidays or add to a collection? Get your bids ready as the Bluegrass State launches its first online auction of confiscated alcohol. Whiskeys up for sale include two bottles of Old Rip Van Winkle, a Blanton’s Single Barrel Gold in box with Japanese markings and a bottle of Four Roses Small Batch Barrel Strength 2011. The sale is the result of a new Kentucky law, which allows alcohol confiscated from closed criminal investigations by the state’s alcoholic beverage control agency to be auctioned. Online bidding opens Wednesday and closes at midnight on Dec. 11. Proceeds will support programs promoting responsible alcohol use by adults and awareness programs for youths. “This is a really good auction,” Eric Gregory, president of the Kentucky Distillers’ Association, said by phone Tuesday. “There are some hard-to-find and rare bottles on there.” No estimate has been given on how much the auction might raise. “We look forward to seeing the response to this auction and have started planning additional auctions for 2025,” said Allyson Taylor, commissioner of the Kentucky Department of Alcoholic Beverage Control. The auction features 32 bottles of alcohol and includes a “stock the bar” bundle with bottles of wine, vodka, rum and whiskey, the agency said. But the stars are the hard-to-find and rare bourbons up for sale. “It’s not every day you go to a liquor store and find a bottle of Blanton’s Gold,” Gregory said. “You never go to a liquor store and find a bottle of Four Roses 2011.” The lineup includes bottles of E.H. Taylor bourbon, Blanton’s Single Barrel, Eagle Rare 10 yr., Weller Antique 107, Willett Family Estate Single Barrel Rye, Michter’s, an Old Forester gift set and more. A link to the online auction is available at ABC.ky.gov . Auction items cannot be shipped, so winning bidders must pick up items in Frankfort, the state said. The auctions will become a “can’t miss opportunity” for bourbon connoisseurs, Gregory said. Until this year’s change in the law, Kentucky regulators were required to destroy confiscated alcohol once a case was closed, the agency said. “We don’t like to see good bourbon poured down the drain,” Gregory said. Kentucky distillers produce 95% of the global bourbon supply, the Kentucky distillers’ group says.

Michigan fired offensive coordinator Kirk Campbell on Tuesday, ending his three-year tenure with the team and his first as playcaller. Campbell oversaw an offense that had slipped to 112th nationally in scoring and 129th in passing this fall, while using three different starting quarterbacks. He served as Michigan's quarterbacks coach in 2022, mentoring eventual first-round NFL draft pick J.J. McCarthy when the team won its first national championship since 1997. Editor's Picks Michigan WR Morris set to enter transfer portal 1h Adam Rittenberg CFB's top 50 recruiting classes for 2025: Flurry of flips provides new No. 1 55m Craig Haubert When Michigan promoted offensive coordinator Sherrone Moore to head coach, Moore promoted Campbell to the coordinator role. "This was a decision that I felt was in the best interest of our football program," Moore said in a statement. "I want to thank Kirk for his hard work and dedication to the university, Michigan football and our student-athletes. I wish him well in his future coaching endeavors." Tight ends coach Steve Casula will serve as interim offensive coordinator. Michigan, which upset archrival Ohio State to finish the regular season 7-5, will learn its bowl assignment and opponent this weekend. Campbell was offensive coordinator at Old Dominion in 2020 and 2021 before joining Michigan's staff as an offensive analyst in 2022. After McCarthy entered the NFL draft, Michigan turned to Davis Warren , a former walk-on quarterback, to open the season as the starter. Alex Orji and Jack Tuttle also started games at quarterback before Michigan went back to Warren. The offense will be replacing top running backs Kalel Mullings and Donovan Edwards and will lose top wide receiver Tyler Morris to the transfer portal. Junior tight end Colston Loveland , who leads Michigan in receptions (56), receiving yards (582) and receiving touchdowns (5), is a top NFL prospect and could elect to enter the draft in 2025. Michigan recently gained a commitment from quarterback Bryce Underwood , ESPN's top overall recruit in the 2025 class.

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Williams Cos. stock rises Tuesday, outperforms marketOLEAN, N.Y. (AP) — Noel Brown had 22 points in Saint Bonaventure's 85-70 win against Bryant on Sunday. Saint Bonaventure (6-0) is off to its best start since it won nine consecutive games to open the 1969-70 season. Brown added seven rebounds for the Bonnies. Melvin Council Jr. scored 18 points and added five rebounds. Lajae Jones shot 3 for 7 (2 for 3 from 3-point range) and 5 of 6 from the free-throw line to finish with 13 points. It was the sixth victory in a row for the Bonnies. The Bulldogs (3-3) were led by Earl Timberlake, who posted 17 points and seven rebounds. Barry Evans added 14 points and six rebounds for Bryant. Connor Withers also had 14 points, six rebounds, two steals and two blocks. Saint Bonaventure took the lead with 15:50 remaining in the first half and never looked back. The score was 46-40 at halftime, with Council racking up 14 points. Saint Bonaventure extended its lead to 64-44 during the second half, fueled by a 13-2 scoring run. Jones scored a team-high 10 points in the second half as their team closed out the win. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .WOODBRIDGE, N.J., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Northfield Bank, wholly-owned subsidiary of Northfield Bancorp, Inc. NFBK , announced today that Steven M. Klein, Chairman and Chief Executive Officer, has been elected to the Board of Directors of the Federal Home Loan Bank of New York (the "FHLBNY") for a four-year term. Mr. Klein's term will commence on January 1, 2025 and end on December 31, 2028. Mr. Klein stated, "I am humbled and honored for the support and confidence the New York members of the FHLBNY have placed in me to continue to serve and advocate for the critical mission of the FHLBNY to provide reliable liquidity to its members in support of housing and local community development." Mr. Klein serves as Chairman, President and Chief Executive Officer of Northfield Bank. Mr. Klein is responsible for leading strategic planning and execution related to lending, deposit gathering, technology deployment, risk management, customer and employee experience, and branding. He is a member of the New York Bankers Association, a member of the ABA Government Relations Council, and previous committee member of the ABA Community Bankers Council. Mr. Klein also is a board member of the New Jersey Bankers Association and past immediate Chair. He is a Trustee of the Northfield Bank Foundation, whose mission is to promote charitable purposes within the communities Northfield operates, focusing its efforts on projects to support education, health and human services, youth programs, and affordable housing. Mr. Klein also serves as a Director and Executive Committee member of the Staten Island Economic Development Corporation, a Director of the Brooklyn Chamber of Commerce, and a Trustee, Executive Committee Member and Finance Chair of the Richmond University Medical Center. He is a Certified Public Accountant, and a member of the AICPA. Mr. Klein earned a Bachelor of Science degree in Business Administration from Montclair State University. About Northfield Bank Northfield Bank, founded in 1887, operates 38 full-service banking offices in Staten Island and Brooklyn, New York, and Hunterdon, Middlesex, Mercer, and Union Counties, New Jersey. For more information about Northfield Bank, please visit www.eNorthfield.com. About the Federal Home Loan Bank of New York The Federal Home Loan Bank of New York is a Congressionally chartered, wholesale Bank. It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks. As of September 30, 2024, the FHLBNY serves 338 financial institutions and housing associates in New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. The mission of the FHLBNY is to provide members with reliable liquidity in support of housing and local community development. Media Contact: Damien Kane 732-499-7200 x2503 SVP, Director of Marketing dkane@eNorthfield.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.