Biden announces record-breaking August fundraising haul of $364.5 million

The eye-popping monthly haul underscores the momentum the campaign generated with Biden’s announcement of the vice-presidential candidate and the Democratic National Convention last month. Sen. Kamala D. Harris (D-Calif.), the vice-presidential nominee, is a prolific fundraiser whose nomination generated a flurry of donations from her extensive donor network.

The previous presidential fundraising record was $202.5 million in September 2008 by the Obama campaign, the national party and an affiliated committee, according to an analysis by the nonpartisan research group Campaign Finance Institute. (That amount equates to roughly $244 million in 2020, adjusted for inflation.)

The August total for the Biden campaign, the Democratic National Committee and affiliated fundraising committees more than doubled the $140 million raised the previous month.

“That figure blows me away. And we raised it the right way, from people across the country stepping up to own a piece of this campaign, investing in the future we

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Biden And Democrats Raised $364.5 Million In August : NPR

Democratic presidential nominee Joe Biden, seen here on Aug. 31 in West Mifflin, Pa., set a monthly record for presidential fundraising.

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Democratic presidential nominee Joe Biden, seen here on Aug. 31 in West Mifflin, Pa., set a monthly record for presidential fundraising.

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Updated at 2:32 p.m. ET

Joe Biden’s campaign announced on Wednesday that it, the Democratic National Committee and joint fundraising efforts raised $364.5 million in August, breaking records for a one-month haul.

“That figure blows me away,” Biden said in a statement.

August was a big month for the former vice president as he picked Kamala Harris to be his running mate and he formally accepted the Democratic nomination for president at the party’s virtual convention.

The campaign had previously announced that it raised $48 million in the 48 hours after Harris’ historic selection.

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HBT Financial, Inc. Announces Issuance of $40 Million in Subordinated Notes

BLOOMINGTON, Ill., Sept. 03, 2020 (GLOBE NEWSWIRE) — HBT Financial, Inc. (NASDAQ: HBT) (the “Company” or “HBT Financial”), the holding company for Heartland Bank and Trust Company and State Bank of Lincoln, announced today the sale and issuance of $40 million in aggregate principal amount of fixed-to-floating rate subordinated notes due 2030 (the “Notes”) to certain qualified institutional buyers and institutional accredited investors in a private placement transaction. The Company intends to use the net proceeds from the offering for general corporate purposes.

The Notes will bear interest at an initial fixed rate of 4.50% for five years and will reset quarterly thereafter to the then current three-month SOFR plus 437 basis points. The Company may redeem the Notes, in whole or in part, at its option, on or after September 15, 2025, or prior to such date under certain limited circumstances. The Notes are intended to qualify as Tier

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United Way sets $5.8 million fundraising goal

It represents a decrease from the 2019 ask of $6 million.

The focus of the 2020 campaign is area homelessness, which several speakers highlighted at the hybrid in-person and virtual kick off event, live-streamed from the Avalon Events Center, 2525 9th Ave. S.

It’s been important to find genuine and authentic ways to connect with the community this year, said Kristi Huber, United Way president and CEO, especially because daily routines have changed dramatically over the last six months.

Huber said area homelessness would be the spotlight of this year’s United Way campaign.

“This is such an important topic,” Huber said, “because it’s an easy one to ignore. Especially when all of us have been working a little bit closer to home.”

While it might surprise many people, Huber said, on any given night more than 1,000 people are homeless in the community.

“Some of these families have experienced things

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Biden campaign raised more than $360 million in August, breaking fundraising records for both parties



Joe Biden standing in front of a flag: Democratic presidential candidate former Vice President Joe Biden speaks during a campaign event on August 31 in Pittsburgh, Pennsylvania. Biden criticized President Trump’s response to protests in Kenosha, Wisconsin and Portland, Oregon. Alex Wong/Getty Images


© Alex Wong/Getty Images
Democratic presidential candidate former Vice President Joe Biden speaks during a campaign event on August 31 in Pittsburgh, Pennsylvania. Biden criticized President Trump’s response to protests in Kenosha, Wisconsin and Portland, Oregon. Alex Wong/Getty Images

  • Former Vice President Joe Biden broke monthly fundraising records in August.
  • His campaign raked in a whopping $364.5 million, the largest amount of money raised in one month by candidates from either party. 
  • More than 1.5 million people donated for the first time to the Biden campaign.
  • Visit Business Insider’s homepage for more stories.

Democratic presidential candidate Joe Biden raked in a record-setting $364.5 million in donations in August, his campaign announced on Wednesday. 

The massive fundraising haul “makes August the best month for online fundraising in political history,” the Biden campaign announced. 

 

Over $205 million — or more than half of the money raised

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Biden campaign expected to raise more than $300 million

  • Former Vice President Joe Biden is expected to break monthly fundraising records, according to reporting from the New York Times.
  • Two sources familiar with the matter said the campaign raked in more than $300 million in August.
  • If accurate, the haul will be the largest amount of money raised in one month by candidates from either party.
  • Most of the donations came from online grassroots donors, one source told The Times.
  • Visit Business Insider’s homepage for more stories.

Former Vice President Joe Biden is expected to break monthly fundraising records, raking in more than $300 million in August, according to reporting from New York Times.

The exact figure for last month’s total campaign fundraising has not yet been confirmed, two people familiar with the matter told the news outlet. Yet any amount over $300 million would exceed the last recorded monthly all-time high set by 2008 presidential candidate Barack Obama,

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Joe Biden and joint fundraising committees raise record-breaking $300 million in August

Joe Biden’s presidential campaign and joint fundraising committees are expected to report raising more than $300 million in August, setting a new monthly record for presidential fundraising, according to two sources familiar with the Democratic nominee’s fundraising efforts. 

The massive cash haul flooded in last month as Biden announced his vice presidential pick, California Senator Kamala Harris, and officially accepted his party’s nomination in the first-ever virtual Democratic National Convention.

The record-shattering cash haul comes as Biden and President Trump are just over 60 days away from the presidential election on November 3. The New York Times was the first to report the $300 million figure on Tuesday.

The haul more than doubles what the Biden campaign and joint fundraising entities raised in July. In comparison to previous campaign cycles, in August 2016, Hillary Clinton’s campaign and joint fundraising committees announced raising $143 million. And in 2012, President Obama’s reelection

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CACI Awarded $152 Million Contract to Support the Modernization of the VA’s Financial Management System

NYSE: CACI) announced today that it has been awarded a six-year single-award contract, with a ceiling value of more than $152 million, by the Department of Veteran Affairs to provide enterprise expertise in support of the department’s Financial Management Business Transformation Program (FMBT).” data-reactid=”19″CACI International Inc (NYSE: CACI) announced today that it has been awarded a six-year single-award contract, with a ceiling value of more than $152 million, by the Department of Veteran Affairs to provide enterprise expertise in support of the department’s Financial Management Business Transformation Program (FMBT).

Under the contract, CACI software engineers will use Agile methodologies and DevSecOps solutions to cleanse and convert the VA’s historical data onto the department’s new Integrated Financial and Acquisition Management System (iFAMS), which is based upon the Momentum Financials platform, as part of FMBT. Additionally, CACI will develop new interfaces to integrate dozens of information systems and data to

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FB Financial Corporation Announces Completion of FirstBank’s $100 Million Subordinated Notes Offering – Press Release

NASHVILLE, Tenn.–(Business Wire)–FB Financial Corporation (NYSE: FBK) (“FB Financial”), parent company of FirstBank, today announced the completion of FirstBank’s private placement of $100 million of its 4.50% fixed-to-floating rate subordinated notes due 2030 (the “Notes”) to certain qualified institutional buyers and institutional accredited investors (the “Private Placement”). FirstBank intends to use the net proceeds from the Private Placement for general corporate purposes.

The Notes have been structured to qualify as Tier 2 capital for FirstBank for regulatory capital purposes. The Notes are unsecured and have a ten-year term, maturing September 1, 2030, and will bear interest at a fixed annual rate of 4.50%, payable semi-annually in arrears, for the first five years of the term. Thereafter, the interest rate will reset quarterly to an interest rate per annum equal to then current three-month Secured Overnight Financing Rate (“Three-Month SOFR”), plus a spread of 439 basis points, payable quarterly in arrears,

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ClariVest Asset Management LLC Has $1.49 Million Stock Position in PRA Health Sciences Inc (NASDAQ:PRAH)

ClariVest Asset Management LLC grew its position in PRA Health Sciences Inc (NASDAQ:PRAH) by 8.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,300 shares of the medical research company’s stock after buying an additional 1,200 shares during the period. ClariVest Asset Management LLC’s holdings in PRA Health Sciences were worth $1,488,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in PRAH. Fortis Advisors LLC acquired a new position in PRA Health Sciences in the first quarter valued at about $34,000. Financial Management Professionals Inc. bought a new position in shares of PRA Health Sciences in the 2nd quarter valued at $99,000. Fifth Third Bancorp lifted its stake in shares of PRA Health Sciences by 14.5% in the 1st quarter. Fifth Third Bancorp now owns 1,079 shares of the medical

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