| 01/29/10 | First Marblehead Announces Second Quarter Fiscal 2010 Financial
Results| BOSTON, MA, Jan 29, 2010 (MARKETWIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) today announced its
financial and operating results for the second quarter of fiscal
2010 and for the six-month period ended December 31, 2009.
Total revenues for the second quarter of fiscal 2010 were $10.1
million. Total non-interest expenses for the second quarter of
fiscal 2010 were $31.2 million, including a $10.7 million unrealized
loss on education loans held for sale, as compared t... |
| | 01/26/10 | First Marblehead to Release Second Quarter Fiscal 2010 Financial
Results on January 29, 2010| BOSTON, MA, Jan 26, 2010 (MARKETWIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) today announced that
it plans to release its second quarter fiscal 2010 financial and
operating results for the three-month period ended December 31, 2009
before the market opens on Friday, January 29, 2010.
About The First Marblehead Corporation -- First Marblehead helps meet
the growing demand for private education loans by offering national
and regional financial institutions and educat... |
| | 11/19/09 | First Marblehead to Explore Strategic Alternatives for Bank Subsidiary| Union Federal Sells Its Remaining Private Education Loan PortfolioBOSTON, MA, Nov 19, 2009 (MARKETWIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) today affirmed that its
subsidiary, Union Federal Savings Bank, has completed the sale of its
remaining private education loans held for sale. As a result of the
sale of the portfolio, Union Federal no longer carries any private
education loans on its balance sheet.
The loans, which had an aggregate carrying value of approximately... |
| | 11/09/09 | First Marblehead to Broadcast Annual Stockholders Meeting on November 16, 2009| BOSTON, MA, Nov 09, 2009 (MARKETWIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
plans to broadcast its annual meeting of stockholders to be held at
10:00 a.m. EST, in New York on Monday, November 16, 2009. Daniel
Meyers, First Marblehead's Chief Executive Officer and President will
provide an update and outlook for the company.
Investors and other interested parties are invited to listen to the
annual meeting by accessing a live audio webcast from t... |
| | 10/26/09 | First Marblehead Announces First Quarter Fiscal 2010 Financial Results| BOSTON, MA, Oct 26, 2009 (MARKETWIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) today announced its
financial and operating results for the first quarter of fiscal 2010
which ended September 30, 2009.
Total revenues for the first quarter of fiscal 2010 were $13.5
million, as compared to ($84.9) million for the same period last
year.
Total non-interest expenses for the first quarter of fiscal 2010 were
$150.2 million, including a $121.5 million unrealized loss on
educat... |
| | 10/22/09 | First Marblehead to Release First Quarter Fiscal 2010 Financial Results on October 26, 2009| BOSTON, MA, Oct 22, 2009 (MARKETWIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
plans to release its first quarter fiscal 2010 financial and
operating results for the three-month period ended September 30, 2009
before the market opens on Monday, October 26, 2009.
About The First Marblehead Corporation -- First Marblehead helps meet
the growing demand for private education loans by offering national
and regional financial institutions and educational... |
| | 10/16/09 | First Marblehead's Bank Subsidiary Sells $234 Million of Private Education Loans| BOSTON, MA, Oct 16, 2009 (MARKETWIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) announced that its
subsidiary, Union Federal Savings Bank, sold today a portfolio of
private education loans with an outstanding principal balance of
approximately $234 million. Sale proceeds were approximately $122
million. This action has been taken pursuant to Union Federal's
business plans which call for a reduction in the balance of private
education loans by December 31, 2009. The loan... |
| | 08/17/09 | First Marblehead Announces Fourth Quarter and Full Year Fiscal 2009 Results| BOSTON, MA, Aug 17, 2009 (MARKETWIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) today announced its
financial and operating results for the fourth quarter of fiscal 2009
and for the fiscal year ended June 30, 2009.
Quarterly revenues were positive for the first time since the first
quarter of fiscal 2008. The fourth quarter of fiscal 2009 represents
the third consecutive quarter of improved year-over-year quarterly
results of operations.
Total revenues for the fourth q... |
| | 08/12/09 | First Marblehead to Release Fourth Quarter and Fiscal 2009 Financial Results on August 17, 2009| BOSTON, MA, Aug 12, 2009 (MARKETWIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
plans to release its fourth quarter and fiscal 2009 financial and
operating results for the three- and twelve-month periods ended June
30, 2009 after market close on Monday, August 17, 2009.
About The First Marblehead Corporation -- First Marblehead helps meet
the growing demand for private education loans by offering national
and regional financial institutions and educ... |
| | 07/02/09 | First Marblehead Signs Agreement With the Office of Thrift Supervision| BOSTON, MA, Jul 02, 2009 (MARKETWIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
has entered into a Supervisory Agreement (Agreement) with the Office
of Thrift Supervision (OTS) and that Union Federal Savings Bank
(Bank), a wholly owned subsidiary of First Marblehead, has entered
into a Stipulation and Consent agreeing to the issuance of an Order
to Cease and Desist (Order) with the OTS. Pursuant to the Agreement
and Order, First Marblehead and the B... |
| | 04/28/09 | First Marblehead Announces Third Quarter Fiscal 2009 Results| BOSTON, MA, Apr 28, 2009 (MARKET WIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) today announced its
financial and operating results for the third quarter of fiscal 2009
and for the nine-month period ended on March 31, 2009.
Total revenues for the third quarter of fiscal 2009 were $(130.6)
million, as compared to $(251.8) million for the same period last
year. Service revenues for the third quarter of fiscal 2009
reflected the previously announced sale of the company's su... |
| | 04/23/09 | First Marblehead to Release Third Quarter Fiscal 2009 Financial Results on April 28, 2009| BOSTON, MA, Apr 23, 2009 (MARKET WIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
plans to release its financial and operating results for the
three-month period ended March 31, 2009 before the market opens on
Tuesday, April 28, 2009.
About The First Marblehead Corporation -- First Marblehead helps meet
the growing demand for private education loans by offering national
and regional financial institutions and educational institutions an
integrated s... |
| | 04/06/09 | First Marblehead Sells Selected Trust Residuals, Expects Reduced Future Tax Obligations and Tax Refund| BOSTON, MA, Apr 06, 2009 (MARKET WIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) announced today that it
has sold its ownership interest in NC Residuals Owners Trust (the
"Trust"). The Trust is the owner of the residual interests in all
fifteen of the National Collegiate Student Loan Trusts ("NCSLT")
which First Marblehead has facilitated. This transaction does not
affect any of First Marblehead's interests in securitization trusts
relating to its GATE transactions. The... |
| | 02/05/09 | First Marblehead to Present at the American Securitization Forum on February 9, 2009| BOSTON, MA, Feb 05, 2009 (MARKET WIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) announced today that
Gary Santo, Managing Director and co-head of Capital Markets, and
Dana Arvidson, Vice President, Capital Markets will present during
the annual meeting of the American Securitization Forum, February
8-11, 2009. The 50-minute presentation is scheduled for Monday,
February 9 at 5:55 p.m. Eastern time (2:55 p.m. Pacific time).
The slides accompanying the presentation will be... |
| | 02/02/09 | First Marblehead Announces Second Quarter Fiscal 2009 Results| BOSTON, MA, Feb 02, 2009 (MARKET WIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) today announced its
financial and operating results for the second quarter of fiscal 2009
and for the six-month period ended on December 31, 2008.
Total revenues for the six-month period ended December 31, 2008 were
$(171.0) million, a decrease from $257.2 million for the same period
last year. Revenues declined principally as a result of not
completing a securitization transaction during the... |
| | 01/28/09 | First Marblehead to Release Second Quarter Fiscal 2009 Financial Results on February 2, 2009| BOSTON, MA, Jan 28, 2009 (MARKET WIRE via COMTEX) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
plans to release its financial and operating results for the
three-month period ended December 31, 2008 after market close on
Monday, February 2, 2009.
About The First Marblehead Corporation -- First Marblehead helps meet
the growing demand for private education loans by offering national
and regional financial institutions and educational institutions an
integrated su... |
| | 11/05/08 | First Marblehead Announces First Quarter Fiscal 2009 Results| BOSTON, MA, Nov 05, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced its
financial and operating results for the first quarter of fiscal 2009,
which ended on September 30, 2008.
Total revenues for the first quarter of fiscal 2009 were $(84.9)
million, down from $380.0 million for the same period last year.
Revenues declined principally as a result of the illiquidity in the
financing market for private student loans. The company di... |
| | 11/05/08 | First Marblehead Announces Reduction in Workforce| BOSTON, MA,, Nov 05, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced it has
reduced its full-time employee population by approximately 24% in a
continued effort to reduce costs.
This represents another phase in the company's cost reduction plan
and it will affect staff at its corporate headquarters in Boston and
processing center in Medford, Massachusetts.
About The First Marblehead Corporation -- First Marblehead helps meet
the... |
| | 11/03/08 | First Marblehead to Release First Quarter Fiscal 2009 Financial Results on November 5, 2008; Annual Stockholders Meeting to be Held on November 6, 2008| BOSTON, MA, Nov 03, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
plans to release its financial and operating results for the
three-month period ended September 30, 2008 after market close on
Wednesday, November 5, 2008.
The First Marblehead Corporation also announced that it will
broadcast its annual meeting of stockholders to be held in Boston on
Thursday, November 6, 2008 at noon EST.
Investors and other interested... |
| | 09/23/08 | First Marblehead Announces Investor Briefing| BOSTON, MA, Sep 23, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) will host a briefing
for investors on September 25, 2008 at 5:00 p.m. EDT.
Daniel Meyers, Chief Executive Officer and President, will deliver
the briefing. Investors are invited to listen via a simultaneous
internet broadcast on the Company's website at
www.firstmarblehead.com, under investors, or by dialing (866)
770-7129 in the United States or (617) 213-8067 from abroad and
e... |
| | 09/22/08 | First Marblehead Announces Management Changes Including Appointment of Kenneth Klipper as Chief Financial Officer and Gary Santo as Co-Head of Capital Markets| BOSTON, MA, Sep 22, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) announced a series of
changes to its management structure.
The company announced that Kenneth Klipper will become the Chief
Financial Officer effective immediately, succeeding John Hupalo, who
has decided to leave the company to pursue other opportunities.
Prior to his appointment as Chief Financial Officer, Mr. Klipper
served as Senior Vice President, Treasurer and Chief Account... |
| | 08/21/08 | First Marblehead Announces Full Year and Fourth Quarter Fiscal 2008 Results| BOSTON, MA, Aug 21, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced its
financial and operating results for the fourth quarter of fiscal 2008
and for the fiscal year ended June 30, 2008.
For the fiscal year ended June 30, 2008, the company recorded a net
loss of $235.1 million or $2.46 per diluted share compared to net
income of $371.3 million or $3.92 per diluted share for the fiscal
year ended June 30, 2007. For the fourth fiscal... |
| | 08/18/08 | First Marblehead Announces Closing of GS Capital Partners Investment and Appointment of Daniel Meyers, Co-Founder and Former CEO, as the New Chief Executive Officer| BOSTON, MA, Aug 18, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that
Daniel Meyers will return to the Company effective immediately, and
beginning September 1, 2008, will serve as President and Chief
Executive Officer of the company he co-founded in 1991. Mr. Meyers
also has been elected to the Company's Board of Directors, effective
September 1, 2008. In addition, First Marblehead announced that
affiliates of GS Capital Part... |
| | 07/23/08 | Astrive(R) Student Loans Web Site Redesigned to Serve as Knowledge Hub for Education Financing| New Content and Tools Provide Borrowers With Roadmap for Navigating Changing Student Loan EnvironmentBOSTON, MA, Jul 23, 2008 (MARKET WIRE via COMTEX News Network) -- With today's credit market making it more difficult for some
Americans to fund their higher education and creating need among
families for direction regarding available options, the Astrive
Student Loans website (www.astrive.com) has been overhauled to become
an information destination for students and families with questions
... |
| | 06/26/08 | First Marblehead Provides Update on Status of Equity Investment by Affiliates of GS Capital Partners| BOSTON, MA, Jun 26, 2008 (MARKET WIRE via COMTEX News Network) -- On December 21, 2007, The First Marblehead Corporation (NYSE: FMD)
announced an investment agreement with affiliates of GS Capital
Partners (GSCP) under which they invested $59.8 million to acquire
shares of the Company's convertible preferred stock, all of which
were converted into 5.3 million shares of First Marblehead common
stock. The Company and GSCP anticipated a second step of the
investment would be completed by the ... |
| | 06/11/08 | First Marblehead Launches Enhancements to SmartBorrowing.org Site| Information Clearinghouse Enhanced With New Content and Time-Saving, Easy-to-Use Tools, Tips and Navigation FeaturesBOSTON, MA, Jun 11, 2008 (MARKET WIRE via COMTEX News Network) -- Wondering how much you should borrow for college? See Smart
Borrowing Tip #11 on SmartBorrowing.org.
Not sure what to expect when dealing with lenders? Read the
SmartBorrowing.org "Borrowers Bill of Rights."
Mystified by the process colleges use to determine how much of the
costs your family will be expected... |
| | 06/06/08 | Union Federal Savings Bank to Offer Online Banking Services on unionfsb.com| BOSTON, MA, Jun 06, 2008 (MARKET WIRE via COMTEX News Network) -- Union Federal Savings Bank, a wholly owned subsidiary of The First
Marblehead Corporation (NYSE: FMD), located in North Providence,
R.I., announced today it has entered the online banking space with
the launch of the easy-to-use www.unionfsb.com.
"The driving principle in moving Union Federal to the online space is
the belief that technology and simplicity can actually go hand in
hand," said Jack Kopnisky, CEO of First Marbl... |
| | 05/28/08 | First Marblehead Announces Customized Solutions for Private Student Loan Clients| Flexible, Customizable Features Available to Clients for Coming Academic YearBOSTON, MA, May 28, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced a new
product suite which would enable lenders to deliver private student
loans to students in the coming 2008-2009 academic year.
"Through our new customized solutions, prospective clients would be
able to offer tailored program features to their customers -- whether
through schools or dir... |
| | 05/15/08 | First Marblehead Partners With TuitionCoach to Deliver Enhanced College Financing Resources to Students and Families| SmartBorrowing.org and TuitionCoach.com Team Up as Planning for Fall Semester BeginsBOSTON, MA, May 15, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
is partnering with TuitionCoach to enhance both companies' offerings
of tips, tools and tactics for helping families determine how best to
pay for college.
Along with a current array of advice, articles, research data and
other resources, users of First Marblehead's SmartBorr... |
| | 05/08/08 | First Marblehead Announces Third Quarter Fiscal 2008 Results| BOSTON, MA, May 08, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced its
financial and operating results for the third quarter of fiscal 2008
and for the nine-month period ended March 31, 2008.
For the third quarter of fiscal 2008, the company recorded a net loss
of $229.6 million or $2.36 per diluted share compared to net income of
$71.2 million or $0.75 per diluted share for the third quarter of
fiscal 2007. The Company's net loss... |
| | 05/05/08 | First Marblehead Streamlines Operations; Reduces Operating Expenses| BOSTON, MA, May 05, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced steps
it is taking to reposition itself in a volatile student loan market,
including a reduction in operating expenses and a streamlining of
operations.
"We believe that the private student loan market will continue to
fill a vital niche in helping students achieve their education
dreams," said First Marblehead CEO and President Jack Kopnisky. "The
cost of college... |
| | 04/24/08 | First Marblehead to Release Third Quarter Fiscal 2008 Financial Results, Host Conference Call on May 8, 2008| BOSTON, MA, Apr 24, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
will release its financial and operating results for the three-month
period ended March 31, 2008 after market close on Thursday, May 8,
2008. The Company will host a conference call at 5:00 p.m. EDT that
afternoon to discuss its results. Jack L. Kopnisky, Chief Executive
Officer and President, and John A. Hupalo, Chief Financial Officer,
will host the cal... |
| | 04/17/08 | First Marblehead Statement on Bank of America| BOSTON, MA, Apr 17, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today provided the
following statement from Jack Kopnisky, the company's Chief Executive
Officer and President.
"Earlier today, First Marblehead was notified by Bank of America that
due to the ongoing disruption in the capital markets it has decided to
exit the private student loan business and focus on providing federal
student loans. In connection with this decision, Bank of Ame... |
| | 04/08/08 | First Marblehead Statement on TERI's Petition for Reorganization Under Chapter 11| BOSTON, MA, Apr 08, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today provided the
following statement from Jack Kopnisky, the company's Chief Executive
Officer and President.
"Late yesterday, The Education Resources Institute (TERI), a
non-profit guarantor of private student loans, filed a voluntary
petition for reorganization under Chapter 11 of the U.S. Bankruptcy
Code in the United States Bankruptcy Court for the District of
Massachusetts... |
| | 03/27/08 | First Marblehead Statement on Recent Actions by Moody's Investors Service| BOSTON, MA, Mar 27, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today released the
following statement regarding recent actions taken by Moody's
Investors Service with regard to the ratings of certain classes of
notes issued by the National Collegiate Student Loan Trusts (NCSLT)
and separately the ratings actions taken on The Education Resources
Institute, Inc. (TERI).
In the beginning of December 2007, Moody's Investors Service placed
on rev... |
| | 03/04/08 | First Marblehead Announces Plans to Offer One-Stop Loan Processing Solutions to Colleges and Universities and Student Loan Providers| BOSTON, MA, Mar 04, 2008 (MARKET WIRE via COMTEX News Network) -- With the current credit crunch resulting in a number of student loan
providers leaving the marketplace, The First Marblehead Corporation
(NYSE: FMD) plans to offer enhanced, one-stop processing of student
loans for colleges and universities and student loan providers across
the nation.
First Marblehead currently provides its clients with an integrated
suite of tailored design, implementation and securitization services
for ... |
| | 02/22/08 | First Marblehead to Present at Credit Suisse 10th Annual Global Services Conference| BOSTON, MA, Feb 22, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) announced today that
John A. Hupalo, Senior Executive Vice President and Chief Financial
Officer, will present at the Credit Suisse 10th Annual Global
Services Conference in Phoenix, AZ on Tuesday, February 26 at 12:00
p.m. Eastern time.
An audio webcast will be available on First Marblehead's web site at
www.firstmarblehead.com -- Investors/Webcasts. The audio webcast
will be a... |
| | 01/31/08 | First Marblehead Announces Second Quarter Fiscal 2008 Results| BOSTON, MA, Jan 31, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced its
financial and operating results for the second quarter of fiscal 2008
and for the six-month period ended December 31, 2007.
Total revenues for the six months ended December 31, 2007 were $257.2
million, a decrease of 49% from $500.7 million for the same period
last year. Revenues declined principally as a result of a $178.0
million pre-tax write-down of the Co... |
| | 01/31/08 | SmartBorrowing.org to Provide More Tools and Tips on College Financing in a Free, One-Stop Experience| BOSTON, MA, Jan 31, 2008 (MARKET WIRE via COMTEX News Network) -- With the season for making decisions about where to go to college --
and how to pay for it -- for the 2008-2009 school year underway, The
First Marblehead Corporation (NYSE: FMD) announced that its popular
SmartBorrowing.org Web site will provide an even wider array of tips
and tools for helping students and their families plan for college.
SmartBorrowing.org was launched in September 2007.
"College costs and how families ca... |
| | 01/30/08 | First Marblehead Names Henry Cornell of Goldman Sachs to Board of Directors| BOSTON, MA, Jan 30, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
has increased the number of Directors serving on its Board to ten and
elected Henry Cornell a Director, effective immediately.
Henry Cornell is a Managing Director of Goldman Sachs and is the
Chief Operating Officer of the Principal Investment Area of Goldman
Sachs. He also serves as a member of the global Merchant Banking
Investment Committee for the firm... |
| | 01/14/08 | First Marblehead to Release Second Quarter Fiscal 2008 Financial Results, Host Conference Call on January 31, 2008| BOSTON, MA, Jan 14, 2008 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
will release its financial and operating results for the three-month
period ended December 31, 2007 after market close on Thursday,
January 31, 2008. The Company will host a conference call at 5:00
p.m. EST that afternoon to discuss its results. Jack L. Kopnisky,
Chief Executive Officer and President, and John A. Hupalo, Chief
Financial Officer, will host... |
| | 12/21/07 | First Marblehead Announces Strategic Investment by GS Capital Partners| $260.5 Million Cash Equity Commitment; $1 Billion Goldman Sachs Warehouse Facility; Investor Conference Call Today at 11:00 A.M.BOSTON, MA, Dec 21, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today has entered into
a definitive agreement with GS Capital Partners ("GSCP") pursuant to
which GSCP will invest up to $260.5 million equal to 19.99% of the
shares currently outstanding upon closing of the transaction.
In conjunction with this strategic e... |
| | 12/07/07 | First Marblehead Announces Quarterly Cash Dividend| BOSTON, MA, Dec 07, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) announced today that
its Board of Directors has declared a quarterly cash dividend of
$0.12 per share on the Company's Common Stock, which is the amount
paid in the comparable quarter last year. The company paid a cash
dividend of $0.275 per share last quarter. The dividend is payable on
December 21, 2007 to stockholders of record at the close of business
on December 17, 2007.
T... |
| | 11/05/07 | First Marblehead to Webcast Annual Stockholders Meeting on Thursday, November 8, 2007| BOSTON, MA, Nov 05, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
will webcast its annual meeting of stockholders to be held on
Thursday, November 8, 2007 at 12:00 noon EST in New York City.
Those wishing to listen to the webcast can do so through the First
Marblehead website, www.firstmarblehead.com, under Investors.
About The First Marblehead Corporation -- First Marblehead provides
financial solutions that help stude... |
| | 10/25/07 | First Marblehead Announces First Quarter Fiscal 2008 Results: Net Income Up 20% and Loans Available for Securitization Increase 46% for the Quarter| Loans Available for Securitization and Loans Securitized Were Both Quarterly Records of $2.2 Billion and $2.0 Billion, Respectively, in the First Quarter of Fiscal 2008BOSTON, MA, Oct 25, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced its
financial and operating results for the first quarter of fiscal 2008,
which ended on September 30, 2007.
Total revenues for the first quarter of fiscal 2008 were $380
million, up 25% from $303 mill... |
| | 10/18/07 | First Marblehead to Release First Quarter Fiscal 2008 Financial Results, Host Conference Call on October 25, 2007| BOSTON, MA, Oct 18, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
will release its financial and operating results for the three-month
period ending September 30, 2007 after market close on Thursday,
October 25, 2007. The Company will host a conference call at 5:00
p.m. EDT that afternoon to discuss its results. Jack L. Kopnisky,
President, CEO and COO, and John A. Hupalo, Chief Financial Officer,
will host the call.
I... |
| | 10/01/07 | First Marblehead Names Todd H. Estabrook Senior Vice President, Marketing| BOSTON, MA, Oct 01, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that
Todd H. Estabrook has joined the Company as Senior Vice President,
Marketing. He will report to Greg Johnson, Executive Vice President
and Chief Marketing Officer.
Mr. Estabrook will be responsible for developing and launching
marketing and advertising programs for direct to consumer clients
where First Marblehead manages all or a part of the client's
marketi... |
| | 09/20/07 | Student Loan Literacy 101: First Marblehead Launches Initiative to Help Parents and Students Avoid Common Pitfalls in Higher Education Financing| Survey Finds Many Still
Lack Basic Information;
First Phase of Smart
Borrowing Campaign
Introduced With "Study
Guide" for Student
Loan Literacy
BOSTON, MA--(MARKET
WIRE)--Sep 20, 2007
-- Parents and students
looking for help answering
the sometimes thorny
and confusing questions
surrounding student
loan financing now
have an easy-to-use
resource center to
turn to for step-by-step
guidance.
The First Marblehead
Corporation (NYSE: FMD - News... |
| | 09/20/07 | First Marblehead Announces Expected Revenues on $2.93 Billion Private Student Loan Securitizations| BOSTON, MA--(MARKET
WIRE)--Sep 20, 2007
-- The First Marblehead
Corporation (NYSE: FMD - News )
today announced its
estimated revenues
in connection with
its previously announced
securitizations involving
The National Collegiate
Student Loan Trust
(NCSLT) 2007-3 and
NCSLT 2007-4. NCSLT
2007-3 expects to issue
approximately $1.464
billion in principal
amount of asset-backed
securities and acquire
private student loans
with a principal and... |
| | 09/17/07 | First Marblehead Announces Preliminary Estimate of Up-Front Fees in Upcoming Securitization| BOSTON, MA, Sep 17, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced its
estimated up-front structural advisory fees in connection with the
securitization expected to close on September 20, 2007. The
securitization will be effected in two transactions involving
separate purchaser trusts, The National Collegiate Student Loan Trust
(NCSLT) 2007-3 and NCSLT 2007-4. NCSLT 2007-3 will issue
approximately $1.464 billion in principal amou... |
| | 09/12/07 | First Marblehead Announces 10% Increase in Regular Quarterly Cash Dividend; Fifth Consecutive Increase in Dividend|
BOSTON, MA--(MARKET WIRE)--Sep 12, 2007 -- The First Marblehead Corporation (NYSE:FMD - News) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.275 per share on the Company's Common Stock. The dividend is payable on September 28, 2007 to stockholders of record at the close of business on September 24, 2007. This is the fifth consecutive dividend increase and represents a 10% increase over the previous quarterly dividend of $0.25 per share.
About ... |
| | 09/10/07 | First Marblehead Announces Planned $2.8 Billion Securitization of Private Student Loans|
BOSTON, MA--(MARKET WIRE)--Sep 10, 2007 -- The First Marblehead Corporation (NYSE:FMD - News) today announced
a planned securitization involving the purchase of private
student loans and the related issuance of student loan asset-backed
notes. The National Collegiate Funding LLC, the sponsor
and depositor of the securitization, has filed with the
Securities and
Exchange Commission a Free Writing Prospectus regarding
this transaction.
The Company expects the transaction to close on or a... |
| | 09/07/07 | First Marblehead to Present at Lehman Brothers Financial Services Conference| BOSTON, MA, Sep 07, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) announced today that
Jack L. Kopnisky, Chief Executive Officer, President, and Chief
Operating Officer, and John A. Hupalo, Senior Executive Vice
President and Chief Financial Officer, will speak at the Lehman
Brothers Financial Services Conference in New York City on Tuesday,
September 11, 2007 at 3:45 p.m. Eastern time.
An audio webcast will be available on First Marblehead's we... |
| | 09/06/07 | First Marblehead Names Jerry M. Hamstead Senior Vice President, Capital Markets| BOSTON, MA, Sep 06, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that
Jerry M. Hamstead will join the Company as Senior Vice President,
Capital Markets, effective October 2, 2007. Jerry will report to John
Hupalo, Senior Executive Vice President and Chief Financial Officer.
Mr. Hamstead will have direct responsibility for leading the Capital
Markets team, which manages the structuring, financing, and execution
of the company's f... |
| | 08/31/07 | Statement From The First Marblehead Corporation on the New York Attorney General's Investigation| BOSTON, MA, Aug 31, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) announced today that,
as part of the New York Attorney General's ongoing investigation of
several lending, educational, and nonprofit institutions, the company
received a subpoena on August 22, 2007 for information regarding our
role in the student loan industry. We plan to cooperate fully with
the Attorney General's information requests.
The leadership and employees of The First ... |
| | 08/28/07 | First Marblehead Announces Form 10-K Filing for Fiscal 2007| BOSTON, MA, Aug 28, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) has today filed with
the Securities Exchange Commission its annual report on Form 10-K for
the fiscal year ended June 30, 2007.
The annual report on Form 10-K, which includes First Marblehead's
audited consolidated financial statements, is available for viewing
and downloading, free of charge, through the Investors section of
First Marblehead's website at www.firstmarblehead.com, ... |
| | 08/09/07 | First Marblehead Announces Full Year and Fourth Quarter Fiscal 2007 Results: Net Income Up 57% and Earnings Per Share Up 60% for the Year| Loans Available for Securitization Increased by 39% in the Fourth Quarter of FY2007 Compared to the Same Time Period Last Year
BOSTON, MA, Aug 09, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced its
financial and operating results for the fourth quarter of fiscal 2007
and for the fiscal year ended June 30, 2007.
Total revenues for the fiscal year ended June 30, 2007 were $881
million, up 55% from $569 million for the same period las... |
| | 08/02/07 | First Marblehead to Release Fourth Quarter and Fiscal 2007 Financial Results, Host Conference Call on August 9, 2007| BOSTON, MA, Aug 02, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
will release its fourth quarter and fiscal 2007 financial and
operating results for the three- and twelve-month periods ended June
30, 2007 after market close on Thursday, August 9, 2007. The Company
will host a conference call at 5:00 p.m. EDT that afternoon to
discuss its results. Jack L. Kopnisky, President, CEO and COO, and
John A. Hupalo, Chief Finan... |
| | 06/12/07 | First Marblehead Announces Expected Revenues on $1.04 Billion Private Student Loan Securitization| BOSTON, MA, Jun 12, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced its
estimated revenues in connection with a previously announced
securitization involving The National Collegiate Student Loan Trust
2007-2 (the "Trust"). The Trust expects to raise approximately $1.04
billion from the sale of asset-backed securities, and expects to
acquire private student loans with a principal and accrued interest
balance of approximately $769.9... |
| | 06/07/07 | First Marblehead Announces Completion of $122.2 Million Securitization of GATE Student Loans| BOSTON, MA, Jun 07, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced the
closing of a securitization involving The National Collegiate Trust
2007-A. The Trust raised approximately $122.2 million from the sale
of asset-backed securities in a private placement transaction and
acquired GATE student loans with a principal and accrued interest
balance of approximately $96.6 million. The GATE loans were
originated with the assistance of ... |
| | 06/06/07 | First Marblehead Announces 67% Increase in Regular Quarterly Cash Dividend| BOSTON, MA, Jun 06, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) announced today that
its Board of Directors has declared a regular quarterly cash dividend
of $0.25 per share on the Company's Common Stock. The dividend is
payable on June 25, 2007 to stockholders of record at the close of
business on June 18, 2007.
This is the fourth consecutive dividend increase for the company and
represents a 67% increase over the previous quarterly dividend ... |
| | 06/05/07 | First Marblehead Announces Preliminary Estimate of Revenues in Upcoming Securitization| BOSTON, MA, Jun 05, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced its
estimated revenues in connection with the proposed securitization of
private student loans to be purchased by The National Collegiate
Student Loan Trust 2007-2 (the "Trust"). As previously announced,
the Trust expects to issue approximately $1.04 billion in principal
amount of asset-backed securities and plans to acquire private
student loans with a principal ... |
| | 06/04/07 | First Marblehead Announces Planned $1.04 Billion Securitization of Private Student Loans| BOSTON, MA, Jun 04, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced a
planned securitization involving the purchase of private student
loans by The National Collegiate Student Loan Trust 2007-2 (the
"Trust") and the related issuance of Student Loan Asset-Backed Notes
by the Trust. The National Collegiate Funding LLC, the sponsor and
depositor of the securitization, has filed with the Securities and
Exchange Commission a Free Writi... |
| | 04/26/07 | First Marblehead Announces Third Quarter Fiscal 2007 Results : Net Income up 78% and Earnings per Share up 81% Through the First Three Quarters of FY 2007| BOSTON, MA--(MARKET WIRE)--Apr 26, 2007 -- The First Marblehead Corporation (NYSE: FMD-News)
today announced its financial and operating results for the third quarter of fiscal 2007 and for the nine months ended March 31, 2007. Total revenues for the nine months ended March 31, 2007 were $681 million, up 63% from $419 million for the same period last year. Net income for the nine-month period was $293 million, or $3.09 per diluted share, an increase of 78% in net income, and 81% in diluted ear... |
| | 04/25/07 | First Marblehead's Board of Directors Authorizes Repurchase of Up to 10 Million Shares| BOSTON, MA, Apr 25, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that
its board of directors has authorized the repurchase of up to
10,000,000 shares of the Company's common stock from time to time in
the open market or in privately negotiated transactions. The
10,000,000 shares now authorized for repurchase includes 3,393,300
shares that remain available for repurchase pursuant to a program
approved by the board of directors on... |
| | 04/24/07 | First Marblehead to Release Third Quarter Fiscal 2007 Financial Results, Host Conference Call on April 26, 2007| BOSTON, MA, Apr 24, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
will release its financial and operating results for the three- and
nine-month periods ending March 31, 2007 after market close on
Thursday, April 26, 2007. The Company will host a conference call at
5:00 p.m. EDT that afternoon to discuss its results. Jack L.
Kopnisky, President, CEO and COO, and John A. Hupalo, Chief Financial
Officer, will host the cal... |
| | 03/07/07 | First Marblehead Announces Expected Revenues on $1.12 Billion Private Student Loan Securitization| BOSTON, MA, Mar 07, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced its
estimated revenues in connection with a previously announced
securitization involving The National Collegiate Student Loan Trust
2007-1 (the "Trust"). The Trust expects to raise approximately $1.12
billion from the sale of asset-backed securities, and expects to
acquire private student loans with a principal and accrued interest
balance of approximately $780 m... |
| | 02/27/07 | First Marblehead Announces Preliminary Estimate of Up-Front Fees in Upcoming Securitization| BOSTON, MA, Feb 27, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced its
estimated up-front structural advisory fees in connection with the
proposed securitization of private student loans to be purchased by
The National Collegiate Student Loan Trust 2007-1 (the "Trust"). As
previously announced, the Trust expects to issue approximately $1.12
billion in principal amount of asset-backed securities and plans to
acquire private studen... |
| | 02/21/07 | First Marblehead Announces Increased Regular Quarterly Cash Dividend| BOSTON, MA--(MARKET WIRE)--Feb 21, 2007 -- The First Marblehead Corporation (NYSE:FMD - News) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per share on the Company's Common Stock, an increase from the previous quarterly dividend of $0.12 per share. This dividend is payable on March 12, 2007 to stockholders of record at the close of business on March 5, 2007.
About The First Marblehead Corporation.
First Marblehead, a leader in creating s... |
| | 02/15/07 | First Marblehead Announces Planned $1.12 Billion Securitization of Private Student Loans| BOSTON, MA, Feb 15, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced a
planned securitization involving the purchase of private student
loans by The National Collegiate Student Loan Trust 2007-1 (the
"Trust") and the related issuance of Student Loan Asset-Backed Notes
by the Trust. The National Collegiate Funding LLC, the sponsor and
depositor of the securitization, has filed with the Securities and
Exchange Commission a Free Writi... |
| | 02/06/07 | First Marblehead Plans Live Webcast of Investor and Analyst Day Event| BOSTON, MA, Feb 06, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today confirmed that it
will webcast its Annual Investor and Analyst Day on Monday, February
12, 2007. The event is scheduled to begin at 9:30 a.m. (ET), and will
be accessible on First Marblehead's website, www.firstmarblehead.com.
This year's agenda will focus on the Company's Securitization
Program, including an in depth discussion of publicly available data
and metrics related... |
| | 01/29/07 | First Marblehead to Provide Private Student Loan Services to E-LOAN| E-LOAN to Market Direct-to-Consumer Private Education LoansBOSTON, MA, Jan 29, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD), a leading provider of
outsourcing services for private, non-governmental education lending,
today announced it has entered into a multi-year agreement with
E-LOAN, one of the nation's premiere online consumer direct lenders.
First Marblehead will provide facilitation, securitization and
program management services relatin... |
| | 01/25/07 | First Marblehead Announces Second Quarter Fiscal 2007 Results | Net Income Through First Two Quarters up 110% Over Same Period Last YearBOSTON, MA, Jan 25, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced its
financial and operating results for the second quarter of fiscal 2007
and for the six-month period ended December 31, 2006.
Total revenues for the six months ended December 31, 2006 were $500.7
million, up 87% from $268.4 million for the same period last year.
Net income for the six month p... |
| | 01/18/07 | First Marblehead to Release Second Quarter Fiscal 2007 Financial Results, Host Conference Call on January 25, 2007| BOSTON, MA, Jan 18, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that it
will release its second quarter fiscal 2007 financial results after
market close on Thursday, January 25, 2007. The Company will host a
conference call at 5:00 p.m. EST that afternoon to discuss its
quarterly results. Jack L. Kopnisky, President, CEO and COO, and
John A. Hupalo, Chief Financial Officer, will host the call.
Investors and other interested p... |
| | 01/16/07 | First Marblehead Names Greg D. Johnson Chief Marketing Officer| BOSTON, MA, Jan 16, 2007 (MARKET WIRE via COMTEX News Network) -- The First Marblehead Corporation (NYSE: FMD) today announced that
Greg D. Johnson has joined the Company as Executive Vice President,
Chief Marketing Officer, effective today. He will report to Jack
Kopnisky, the company's Chief Executive Officer.
Johnson will be responsible for leading all marketing strategy and
delivery for First Marblehead. He will direct an expanding in-house
marketing function that works in collaborati... |
| | 12/05/06 | First Marblehead Announces Expected Revenues on $1.0 Billion Private Student Loan Securitization| BOSTON, Dec 05, 2006 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE: FMD) today announced its
estimated revenues in connection with a previously announced
securitization involving The National Collegiate Student Loan Trust
2006-4 (the "Trust"). The Trust expects to raise approximately $1.025
billion from the sale of asset-backed securities, and expects to
acquire private student loans with a principal and accrued interest
balance of approximately $725 million, in a transaction t... |
| | 11/30/06 | The First Marblehead Corporation Completes Acquisition of Union Federal Savings Bank| BOSTON, Nov 30, 2006 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE: FMD) announced today that
it has completed its previously announced acquisition of Union Federal
Savings Bank (UFSB) of North Providence, Rhode Island.
About The First Marblehead Corporation. First Marblehead, a leader
in creating solutions for education finance, provides outsourcing
services for private, non-governmental, education lending in the
United States. The Company helps meet the growing demand for p... |
| | 11/27/06 | First Marblehead Announces Preliminary Estimate of Up-Front Fees in Upcoming Securitization| BOSTON--(BUSINESS WIRE)--Nov. 27, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced its estimated up-front
structural advisory fees in connection with the proposed
securitization of private student loans to be purchased by The
National Collegiate Student Loan Trust 2006-4 (the "Trust"). As
previously announced, the Trust expects to issue $1.025 billion in
principal amount of asset-backed securities and plans to acquire
private student loans with a principal and accrue... |
| | 11/22/06 | The First Marblehead Corporation Receives Approval To Acquire Union Federal Savings Bank| BOSTON--(BUSINESS WIRE)--Nov. 22, 2006--The First Marblehead
Corporation (NYSE: FMD) announced that it received approval today from
the Office of Thrift Supervision (OTS) to acquire Union Federal
Savings Bank (UFSB) of North Providence, Rhode Island.
"This acquisition is consistent with First Marblehead's strategy
of supporting our clients with the broadest set of financial products
and services available," said Jack Kopnisky, First Marblehead's
president and chief executive offic... |
| | 11/13/06 | First Marblehead Announces Planned $1.0 Billion Securitization of Private Student Loans| BOSTON, Nov 13, 2006 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE: FMD) today announced the
scheduled closing of a securitization enabling the purchase of private
student loans by The National Collegiate Student Loan Trust 2006-4
(the Trust) and the related issuance of Student Loan Asset Backed
Notes by the Trust. The National Collegiate Funding LLC, as sponsor
and depositor of the securitization, has filed with the Securities and
Exchange Commission a Free Writing Prospectus ... |
| | 11/10/06 | First Marblehead Announces Three for Two Stock Split| Company Announces Twenty Percent Increase in Quarterly Cash
Dividend
BOSTON--(BUSINESS WIRE)--Nov. 10, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced its Board of Directors has
approved a three for two split of the Company's common stock to be
effected in the form of a stock dividend payable to holders of record
at the close of business on November 20, 2006. The additional shares
are expected to be issued on December 4, 2006, immediately preceding
payment of t... |
| | 11/08/06 | First Marblehead to Present at the JPMorgan Small/Mid Cap Conference on November 15, 2006| BOSTON--(BUSINESS WIRE)--Nov. 8, 2006--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced that
its President and Chief Executive Officer Jack L. Kopnisky, and its
Chief Financial Officer, John Hupalo, will deliver a presentation at
the JPMorgan Small/Mid Cap Conference on November 15, 2006 at 8:45 am
EST in Boston, Massachusetts.
A live audio webcast of the presentation will be a... |
| | 11/08/06 | First Marblehead to Present at the Bear Stearns 2006 SMid-Cap Investor Conference on November 14, 2006| BOSTON--(BUSINESS WIRE)--Nov. 8, 2006--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced that
its President and Chief Executive Officer Jack L. Kopnisky, and its
Chief Financial Officer, John Hupalo, will deliver a presentation at
the Bear Stearns SMid-Cap Investor Conference on November 14, 2006 at
2:50 pm EST in New York City.
A live audio webcast of the presentation will be a... |
| | 11/06/06 | First Marblehead to Webcast Annual Meeting on November 9, 2006| BOSTON--(BUSINESS WIRE)--Nov. 6, 2006--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced that
it will webcast its annual shareholders meeting to be held on November
9, 2006 at 12:00 noon Eastern Standard Time.
Those wishing to listen to the webcast can do so through the First
Marblehead website, www.FirstMarblehead.com.
About The First Marblehead Corporation - First Marblehe... |
| | 11/01/06 | First Marblehead Names John A. Hupalo As Chief Financial Officer| BOSTON--(BUSINESS WIRE)--Nov. 1, 2006--The First Marblehead
Corporation (NYSE: FMD) announced that John A. Hupalo will become the
company's Senior Executive Vice President and Chief Financial Officer
effective immediately, succeeding Donald R. Peck who decided to leave
the company to pursue opportunities outside the firm.
In making the announcement, First Marblehead's President and CEO
Jack L. Kopnisky, commented, "John has been a leader in the student
loan industry for nearly 20 ... |
| | 10/26/06 | First Marblehead Announces First Quarter Fiscal 2007 Results|
Securitization Revenues Drive Strong Earnings
BOSTON--(BUSINESS WIRE)--Oct. 26, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced its financial and operating
results for its first quarter of fiscal 2007, which ended on September
30, 2006.
Total service revenues for the first quarter of fiscal 2007 were
$301.8 million, compared to total service revenues of $35.1 million
during the first quarter of fiscal 2006. This past quarter, the
Company fa... |
| | 10/23/06 | The First Marblehead Corporation Appoints Richard E. Ross as Chief Information Officer and Executive Vice President| A Former State Street Corporation Executive Will Report to Chief Administrative Officer Anne BowenBOSTON, Oct 23, 2006 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE:FMD) today announced that
Richard E. Ross will join First Marblehead as executive vice
president, chief information officer, effective November 6, 2006. He
will report to Anne Bowen, the Company's chief administrative officer.
Mr. Ross will lead all Information Technology strategy and
functions for First Marblehead... |
| | 10/19/06 | First Marblehead to Release First Quarter Fiscal 2007 Financial Results, Host Conference Call on October 26, 2006| BOSTON--(BUSINESS WIRE)--Oct. 19, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced that it will release its first
quarter fiscal 2007 financial results before market open on Thursday,
October 26, 2006. The Company will host a conference call at 8:30 a.m.
EST that morning to discuss its quarterly results. Jack L. Kopnisky,
President, CEO and COO, and Donald R. Peck, Executive Vice President
and CFO, will host the call.
Investors and other interested parties are in... |
| | 10/10/06 | First Marblehead: Family Talk about Paying for College Gets Shortchanged|
BOSTON--(BUSINESS WIRE)--Oct. 10, 2006--With the costs of higher
education continuing to rise and household income not keeping pace,
paying for college is a significant issue for most families. But it's
not an easy topic for parents and students to discuss, according to
new findings released today by The First Marblehead Corporation
(NYSE:FMD). While 79 percent of students and 85 percent of parents
surveyed have discussed college financing as a family, these
conversations were likel... |
| | 09/26/06 | First Marblehead Announces Expected Revenues on Its Largest Private Student Loan Securitization Ever| BOSTON, Sep 26, 2006 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE: FMD) today announced its
estimated additional structural advisory fees and residual revenue in
connection with a previously announced securitization involving The
National Collegiate Student Loan Trust 2006-3 (the Trust). The Trust
expects to raise approximately $1.84 billion from the sale of
asset-backed securities, and expects to acquire private student loans
with a principal and accrued interest balance of a... |
| | 09/25/06 | First Marblehead Announces Form 10-K Filing for Fiscal 2006| BOSTON--(BUSINESS WIRE)--Sept. 25, 2006--The First Marblehead
Corporation (NYSE: FMD) has announced the filing of its annual report
on Form 10-K for the fiscal year ended June 30, 2006. The filing was
timely made with the Securities Exchange Commission on September 12,
2006.
The annual report on Form 10-K, which includes First Marblehead's
audited consolidated financial statements, is available for viewing
and downloading, free of charge, through the Investors section of
First Ma... |
| | 09/14/06 | First Marblehead Announces Preliminary Estimate of Up-Front Fees in Upcoming Securitization; Size of Offering and Amount of Loans to be Securitized Increased| BOSTON--(BUSINESS WIRE)--Sept. 14, 2006--As previously announced,
The First Marblehead Corporation (NYSE: FMD) has scheduled the closing
of a securitization enabling the purchase of private student loans by
The National Collegiate Student Loan Trust 2006-3 (the Trust) and the
related issuance of Student Loan Asset Backed Notes by the Trust. The
Company expects the transaction to close on or about September 28,
2006.
In connection with that securitization, the Trust filed today wit... |
| | 09/08/06 | First Marblehead to Present at Lehman Brothers Financial Services Conference on September 13, 2006| BOSTON--(BUSINESS WIRE)--Sept. 8, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced that its President and Chief
Executive Officer, Jack L. Kopnisky, and its Chief Financial Officer,
Donald R. Peck, will deliver a presentation at the Lehman Brothers
2006 Financial Services Conference on September 13th at 9:15 a.m. in
New York City.
A live audio webcast of the presentation will be available to the
public on September 13, 2005 at the following website:
http://custo... |
| | 09/08/06 | First Marblehead Announces Planned $1.56 Billion Securitization of Private Student Loans| BOSTON--(BUSINESS WIRE)--Sept. 8, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced the scheduled closing of a
securitization enabling the purchase of private student loans by The
National Collegiate Student Loan Trust 2006-3 (the Trust) and the
related issuance of Student Loan Asset Backed Notes by the Trust. The
National Collegiate Funding LLC, as sponsor and depositor of the
securitization, has filed with the Securities and Exchange Commission
a Free Writing Prospe... |
| | 09/07/06 | First Marblehead Announces Increased Regular Quarterly Cash Dividend| BOSTON--(BUSINESS WIRE)--Sept. 7, 2006--The First Marblehead
Corporation (NYSE: FMD) announced today that its Board of Directors
has declared a regular quarterly cash dividend of $0.15 per share on
the Company's Common Stock, an increase from the previous quarterly
dividend of $0.12 per share. This dividend is payable on September 25,
2006 to stockholders of record at the close of business on September
18, 2006.
About The First Marblehead Corporation
First Marblehead provides... |
| | 08/23/06 | First Marblehead Corporation and National City Announce Expanded Relationship for Student Loan Program; Agreement Extended Through 2009 and Includes Increased Commitment to Marketing| BOSTON--(BUSINESS WIRE)--Aug. 23, 2006--The First Marblehead
Corporation (NYSE:FMD), a leading provider of outsourcing services for
private, non-governmental education leading, today announced an
expansion of its private student loan services agreement with National
City Bank, a subsidiary of National City Corporation (NYSE:NCC), one
of the nation's largest financial holding companies. Under the
agreement, First Marblehead will provide National City with a
comprehensive suite of marke... |
| | 08/10/06 | First Marblehead Announces Fourth Quarter and Full Year Fiscal 2006 Results; Fourth Quarter Earnings Per Share Increase 72%; Loan Facilitation Volume Growth Continues to Accelerate; Execution Continues to Drive Growth| BOSTON--(BUSINESS WIRE)--Aug. 10, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced its financial and operating
results for its fourth quarter of fiscal 2006 and for the fiscal year
ended June 30, 2006.
Total service revenues for the fourth quarter of fiscal 2006
increased to $148.8 million, up 24% from $120.2 million in the fourth
quarter of fiscal 2005. During the fourth quarter of fiscal 2006, the
Company facilitated the securitization of $756 million of privat... |
| | 08/03/06 | First Marblehead to Release Fourth Quarter and Fiscal 2006 Financial Results, Host Conference Call on August 10, 2006| BOSTON--(BUSINESS WIRE)--Aug. 3, 2006--The First Marblehead
Corporation (NYSE:FMD) today announced that it will release its fourth
quarter and fiscal 2006 financial results after the close of the
market on Thursday, August 10, 2006.
In conjunction with the release of financial results, the Company
will host a conference call that day at 5 p.m. EDT, which will be
simultaneously broadcast live over the Internet. Peter B. Tarr,
Chairman and General Counsel; Jack L. Kopnisky, Presiden... |
| | 07/17/06 | The First Marblehead Corporation Files an Application with the Office of Thrift Supervision for the Acquisition of Union Federal Savings Bank| BOSTON--(BUSINESS WIRE)--July 17, 2006--The First Marblehead
Corporation (NYSE: FMD) announced today that it has submitted an
application to the Office of Thrift Supervision (OTS) for approval to
acquire Union Federal Savings Bank in North Providence, Rhode Island,
from Union Bank, a Rhode Island banking corporation. Completion of
this acquisition is subject to customary closing conditions, including
obtaining the approval of the OTS. The Company expects that the
acquisition of a fede... |
| | 06/22/06 | First Marblehead to Provide Direct-to-Consumer Private Student Loan Services for GE Consumer Finance| BOSTON, Jun 22, 2006 (BUSINESS WIRE) -- --The First Marblehead Corporation (NYSE: FMD) today
announced it has entered into a three-year agreement with GE Consumer
Finance, a top provider of innovative financial solutions, to market a
full suite of Direct-to-Consumer (DTC) private student loan services
under its consumer brand, GE Money. GE Consumer Finance will offer
financing programs to a variety of education levels, including K-12,
undergraduate, graduate, and continuing education.
"... |
| | 06/09/06 | First Marblehead Announces Completion of $281 Million Securitization of GATE and Chela Loans; Company Updates Guidance for Fiscal 2006| BOSTON--(BUSINESS WIRE)--June 9, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced the closing of a
securitization of GATE private student loans and private student loans
formerly held by Chela Funding II, LLC. The GATE loans were originated
with the assistance of First Marblehead and funded by Bank of America.
Chela Funding II, LLC is a subsidiary of The Educational Financing
Foundation of California.
In a private placement transaction, The National Collegiate Tr... |
| | 06/08/06 | First Marblehead Announces Expected Revenues on $673.3 Million Private Student Loan Securitization| BOSTON--(BUSINESS WIRE)--June 8, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced completion of the pricing of
debt securities to be issued by The National Collegiate Student Loan
Trust 2006-2 (the Trust) in a previously announced securitization of
private student loans. The Trust expects to issue $673.3 million in
principal amount of asset-backed securities, and a prospectus
supplement has been filed with the Securities and Exchange Commission
regarding the transact... |
| | 06/01/06 | First Marblehead Announces Regular Quarterly Cash Dividend| BOSTON--(BUSINESS WIRE)--June 1, 2006--The First Marblehead
Corporation (NYSE: FMD) announced today that its Board of Directors
has declared a regular quarterly cash dividend of $0.12 per share on
the Company's Common Stock. This dividend is payable on June 19, 2006
to stockholders of record at the close of business on June 12, 2006.
About The First Marblehead Corporation
First Marblehead provides outsourcing services for private,
non-governmental education lending in the Unit... |
| | 05/25/06 | First Marblehead Announces Preliminary Estimate of Up-Front Fees in $673.3 Million Securitization| BOSTON--(BUSINESS WIRE)--May 25, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced its estimated up-front
structural advisory fees in connection with the proposed
securitization of private student loans to be purchased by The
National Collegiate Student Loan Trust 2006-2 (the Trust). As
previously announced, the Trust expects to issue $673.3 million in
principal amount of asset-backed securities, and plans to acquire
private student loans with a principal and accrued ... |
| | 05/23/06 | First Marblehead Announces Planned $673.3 Million Securitization of Private Student Loans; 2003 Master Trust Will Also Utilize Acquisition Fund to Purchase Loans| BOSTON--(BUSINESS WIRE)--May 23, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced the scheduled closing of a
securitization enabling the purchase of private student loans by The
National Collegiate Student Loan Trust 2006-2 (the Trust) and the
related issuance of Student Loan Asset Backed Notes by the Trust. The
National Collegiate Funding LLC, as sponsor and depositor of the
securitization, plans to file with the Securities and Exchange
Commission a Free Writing Pro... |
| | 05/17/06 | First Marblehead to Become Provider of Direct-to-Consumer Private Student Loan Services for Key Education Resources(R)| BOSTON, May 17, 2006 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE:FMD) today
announced it has entered into a three-year agreement with Key
Education Resources(R), the education financing arm of KeyCorp
(NYSE:KEY), to provide Direct-to-Consumer private student loan program
services. Key Education Resources will serve as the lender and
marketer for this new product line, and will sell those student loans
into a First Marblehead-arranged securitization.
"Adding another new par... |
| | 04/27/06 | First Marblehead Announces Third Quarter Fiscal 2006 Results; Third Quarter Service Revenues and Net Income Increase 25% on Strong Securitization Results; Loan Facilitation Volume Growth Accelerates| BOSTON--(BUSINESS WIRE)--April 27, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced its financial and operating
results for its third quarter of fiscal 2006 and for the nine months
ended March 31, 2006.
Total service revenues for the third quarter of fiscal 2006
increased to $149.2 million, up 25% from $119.5 million in the third
quarter of fiscal 2005. During the third quarter of fiscal 2006, the
Company facilitated the securitization of $741 million of private
... |
| | 04/26/06 | First Marblehead to Present at the UBS Global Financial Services Conference on May 16, 2006| BOSTON--(BUSINESS WIRE)--April 26, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced that its President and Chief
Executive Officer, Jack L. Kopnisky, and its Chief Financial Officer,
Donald R. Peck, will deliver a presentation at the UBS Global
Financial Services Conference on May 16, 2006 at 3:15 pm Eastern
Daylight Time, in New York, New York.
A live audio webcast of the presentation will be available to the
public on May 16, 2006 on First Marblehead's website ... |
| | 04/24/06 | First Marblehead to Release Fiscal 2006 Third Quarter Financial Results, Host Conference Call on April 27, 2006| BOSTON--(BUSINESS WIRE)--April 24, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced that it will release its
fiscal third quarter financial results after the close of the market
on Thursday, April 27, 2006.
In conjunction with the release of financial results, the Company
will host a conference call that day at 5 p.m. EDT, which will be
simultaneously broadcast live over the Internet. Peter B. Tarr,
Chairman and General Counsel; Jack L. Kopnisky, President, CEO a... |
| | 04/04/06 | First Marblehead Announces New Direct-to-Consumer Contract with Bank of America| BOSTON--(BUSINESS WIRE)--April 4, 2006--The First Marblehead
Corporation (NYSE: FMD) announced today that it has signed an
agreement with Bank of America to provide certain Direct-to-Consumer
private student loan services through May 31, 2008, provided that
either party may terminate this agreement on or after June 1, 2007
upon 90 days notice. This agreement replaces the Direct-to-Consumer
private student loan outsourcing agreement between First Marblehead
and Bank of America that was... |
| | 03/14/06 | First Marblehead Announces Regular Quarterly Cash Dividend| BOSTON--(BUSINESS WIRE)--March 14, 2006--Following continued
strength in loan facilitation volumes to date during the Company's
third fiscal quarter, The First Marblehead Corporation (NYSE: FMD)
announced today that its Board of Directors has declared a regular
quarterly cash dividend of $0.12 per share on the Company's Common
Stock. This dividend is payable on March 30, 2006 to stockholders of
record at the close of business on March 24, 2006.
About The First Marblehead Corporati... |
| | 03/07/06 | First Marblehead Announces Expected Revenues on $900.7 Million Private Student Loan Securitization| BOSTON--(BUSINESS WIRE)--March 7, 2006--The First Marblehead
Corporation (NYSE:FMD) today announced that pricing has been completed
on a $900.7 million securitization enabling the purchase of private
student loans by The National Collegiate Student Loan Trust 2006-1
(the Trust). The Trust filed today with the Securities and Exchange
Commission a Prospectus Supplement regarding this transaction. The
Company expects the transaction to close on or about March 9, 2006.
As previously a... |
| | 03/02/06 | First Marblehead Announces Scheduled Closing of $900.7 Million Private Student Loan Securitization| BOSTON--(BUSINESS WIRE)--March 2, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced the scheduled closing of a
$900.7 million securitization enabling the purchase of private student
loans by The National Collegiate Student Loan Trust 2006-1 (the
Trust). The Trust filed this morning with the Securities and Exchange
Commission a definitive Free Writing Prospectus regarding this
transaction. The Company expects the transaction to close on or about
March 9, 2006.
The... |
| | 02/27/06 | First Marblehead to Present at the Credit Suisse Global Services Growth Conference on March 13, 2006| BOSTON--(BUSINESS WIRE)--Feb. 27, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced that its President and Chief
Executive Officer, Jack L. Kopnisky, and its Chief Financial Officer,
Donald R. Peck, will deliver a presentation at the Credit Suisse
Global Services Growth Conference on March 13, 2006 at 1:00 pm
Mountain Standard Time (3:00 pm Eastern Standard Time), in Phoenix,
Arizona.
A live audio webcast of the presentation will be available to the
public on Mar... |
| | 02/13/06 | Regions Financial Enters Private Student Loan Business Through Agreement with First Marblehead; New School Channel Offering Complements Bank's Existing FFELP Loan Business| BOSTON--(BUSINESS WIRE)--Feb. 13, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced that it will provide private
school channel student loan products for Regions Financial Corporation
(NYSE: RF). Regions Bank sales teams will immediately begin marketing
its new private student loan program directly to schools within the 16
states it serves throughout the South, Midwest and Texas.
The new private student loan program will complement Regions'
existing Federal Family... |
| | 02/10/06 | First Marblehead Announces Planned $900 Million Securitization of Private Student Loans| BOSTON--(BUSINESS WIRE)--Feb. 10, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced the scheduled closing of a
securitization enabling the purchase of private student loans by The
National Collegiate Student Loan Trust 2006-1 (the Trust) and the
related issuance of Student Loan Asset Backed Notes by the Trust. The
Trust has filed with the Securities and Exchange Commission a Free
Writing Prospectus regarding this transaction. The Company expects the
transaction to clo... |
| | 02/03/06 | First Marblehead Plans Live Audio Webcast of Investor Day Event| BOSTON--(BUSINESS WIRE)--Feb. 3, 2006----The First Marblehead
Corporation (NYSE: FMD) today announced that it will webcast its
inaugural Investor Day on Friday, February 10, 2006. The event is
scheduled to begin at 9:30 a.m. (ET), and will be accessible on First
Marblehead's website, www.firstmarblehead.com.
The event will include a series of management presentations and
Q&A providing a broad overview of the private student loan market,
First Marblehead's securitization process, a... |
| | 02/01/06 | First Marblehead Creates New Direct-to-Consumer Private Student Loan Solution for Upromise, Inc.; Upromise Advances Its Mission of Helping Families Realize the Dream of College| BOSTON--(BUSINESS WIRE)--Feb. 1, 2006--The First Marblehead
Corporation (NYSE: FMD) today announced it has entered into a
three-year agreement with Upromise, Inc. (www.upromise.com) for the
creation of a new suite of private student loan products. Upromise
will offer these loans to its more than seven million members and to
the millions of families and students who visit its popular website
for information on how to save and prepare for college.
"We are pleased to sign this agreem... |
| | 01/26/06 | First Marblehead Announces Second Quarter Fiscal 2006 Results; Second Quarter Net Income Increases 49% on Strong Revenue Growth| BOSTON, Jan 26, 2006 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE: FMD) today
announced its financial and operating results for its second quarter
of fiscal 2006 and for the six months ended December 31, 2005.
Total service revenues for the second quarter of fiscal 2006
increased to $230.5 million, up 48% from $155.8 million in the second
quarter of fiscal 2005. During the second quarter of fiscal 2006, the
Company securitized approximately $1.3 billion of private student
l... |
| | 01/19/06 | First Marblehead to Release Fiscal 2006 Second Quarter Financial Results, Host Conference Call on January 26, 2006| BOSTON--(BUSINESS WIRE)--Jan. 19, 2006--The First Marblehead
Corporation (NYSE:FMD) today announced that it will release its fiscal
second quarter financial results after the close of the market on
Thursday, January 26, 2006.
In conjunction with the release of financial results, the Company
will host a conference call that day at 5 p.m. EST, which will be
simultaneously broadcast live over the Internet. Peter B. Tarr,
Chairman and General Counsel; Jack L. Kopnisky, President, CEO ... |
| | 12/20/05 | Sandra M. Stark Joins First Marblehead as Executive Vice President, Business Development; Larry A. Lutz Appointed Chief Marketing Officer| BOSTON, Dec 20, 2005 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE: FMD) today
announced that Sandra M. Stark has joined the company as executive
vice president, business development effective immediately. Larry A.
Lutz, formerly the company's executive vice president, business
development, has been appointed to the newly created position of
executive vice president, chief marketing officer.
Ms. Stark has held a variety of senior management positions with
responsibilities fo... |
| | 12/07/05 | First Marblehead Announces Regular Quarterly Cash Dividend| BOSTON--(BUSINESS WIRE)--Dec. 7, 2005--The First Marblehead
Corporation (NYSE:FMD) announced today that its Board of Directors has
declared a regular quarterly cash dividend of $0.12 per share on the
Company's Common Stock. This dividend is payable on December 27, 2005
to stockholders of record at the close of business on December 19,
2005.
About The First Marblehead Corporation
First Marblehead provides outsourcing services for private,
non-governmental education lending in ... |
| | 12/01/05 | First Marblehead Announces Extension of GATE Contracts with Bank of America| BOSTON--(BUSINESS WIRE)--Dec. 1, 2005--The First Marblehead
Corporation (NYSE: FMD) announced that as part of its ongoing
discussions with Bank of America regarding First Marblehead's
portfolio of student loan products and services, the companies have
agreed to extend the terms of the GATE Student and GATE Universal
private student loan programs through November 30, 2006.
First Marblehead has filed this morning a Form 8-K with the
Securities and Exchange Commission regarding this ... |
| | 11/16/05 | First Marblehead Announces Planned Purchase with Proceeds from $1.68 Billion Private Student Loan Securitization; $126 Million of Additional Loans Added| BOSTON--(BUSINESS WIRE)--Nov. 16, 2005--The First Marblehead
Corporation (NYSE: FMD) today announced that The National Collegiate
Student Loan Trust 2005-3 (the Trust) completed its second and final
purchase of private student loans using proceeds which the Trust
raised from the $1.68 billion securitization closed on October 12,
2005. First Marblehead acted as a structural advisor to this
transaction.
The Trust originally acquired private student loans with a
principal and accrue... |
| | 11/10/05 | Chase Extends Contract with First Marblehead Through 2010| BOSTON--(BUSINESS WIRE)--Nov. 10, 2005--First Marblehead (NYSE:
FMD) today announced that Chase Education Finance has extended their
contract through 2010 for both school channel and direct-to-consumer
loans.
Chase will continue to fund and market the loans under the
programs, while First Marblehead will process the loans. Chase will
also sell such loans into First Marblehead-arranged securitizations.
"This long-term agreement allows us to build on the tremendous
success we h... |
| | 11/02/05 | First Marblehead Announces Bank of America Opts out of Automatic Annual Renewal of Direct-to-Consumer Program; Current Contract Remains in Place until May 2006; Bank of America Plans to Negotiate Ongoing Relationship over Coming Months| BOSTON, Nov 02, 2005 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE: FMD), a leading
provider of outsourcing services for private, non-governmental
education lending, announced that it received a notice from Bank of
America today seeking to avoid automatic annual renewal of its
contract with First Marblehead for Direct-to-Consumer (DTC) private
student loan origination and securitization services. In accordance
with the current contract, the agreement would have renewed
automat... |
| | 10/31/05 | First Marblehead to Present at Bear Stearns Smid-Cap Conference on November 7, 2005| BOSTON--(BUSINESS WIRE)--Oct. 31, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced that
its President and Chief Executive Officer, Jack L. Kopnisky, and its
Chief Financial Officer, Donald R. Peck, will deliver a presentation
at the Bear Stearns Smid-Cap Conference on November 7, 2005 at 8:00
am, in New York City.
A live audio webcast of the presentation will be availab... |
| | 10/25/05 | First Marblehead Announces First Quarter Fiscal 2006 Results; Volume of Loans Available for Securitization Increases 27% over Same Quarter Last Year; 36% on a Rolling Twelve-Month Basis| BOSTON--(BUSINESS WIRE)--Oct. 25, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced its
financial and operating results for its first quarter of fiscal 2006.
As expected, the Company did not conduct a securitization transaction
in the first quarter of either fiscal 2006 or fiscal 2005, and hence
did not generate any up-front structural advisory fees, additional
advisory fees o... |
| | 10/20/05 | First Marblehead to Webcast Annual Meeting on October 27, 2005| BOSTON--(BUSINESS WIRE)--Oct. 20, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced that
it will webcast its annual shareholders meeting to be held on October
27, 2005 at 12:00 noon Eastern Daylight Time.
Those wishing to listen to the webcast can do so through the First
Marblehead website, www.FirstMarblehead.com.
About First Marblehead
First Marblehead provides ... |
| | 10/18/05 | First Marblehead to Release Fiscal 2006 First Quarter Financial Results, Host Conference Call on October 25, 2005| BOSTON--(BUSINESS WIRE)--Oct. 18, 2005----The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced that
it will release its fiscal first quarter financial results after the
close of the market on Tuesday, October 25, 2005.
In conjunction with the release of financial results, the Company
will host a conference call that day at 5 p.m. EDT, which will be
simultaneously broadcast live ove... |
| | 10/11/05 | First Marblehead Announces Scheduled Closing of $1.68 Billion Private Student Loan Securitization; Largest Securitization of Private Student Loans Ever| BOSTON, Oct 11, 2005 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE: FMD), a leading
provider of outsourcing services for private, non-governmental
education lending, today announced the scheduled closing of a $1.68
billion securitization enabling the purchase of private student loans
by The National Collegiate Student Loan Trust 2005-3 (the Trust). The
Trust has filed with the Securities and Exchange Commission a
prospectus supplement regarding this transaction. The Company exp... |
| | 10/06/05 | First Marblehead Accelerates Planned Closing Date for $1.68 Billion Securitization of Private Student Loans| BOSTON--(BUSINESS WIRE)--Oct. 6, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced that
the anticipated closing date for a securitization enabling the
purchase of private student loans by The National Collegiate Student
Loan Trust 2005-3 has been accelerated, and that the Company now
expects the transaction to close on or about October 12, 2005 under
terms and conditions subst... |
| | 09/29/05 | First Marblehead Board of Directors Authorizes Additional 5,000,000 Share Repurchase| BOSTON--(BUSINESS WIRE)--Sept. 29, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced its
Board of Directors has authorized the repurchase of an additional
5,000,000 shares of the Company's common stock from time to time on
the open market. As previously announced, on April 29, 2005 and June
2, 2005, the Board of Directors authorized the repurchase of up to
1,500,000 shares of ... |
| | 09/27/05 | First Marblehead Announces Resignation of Chairman and Chief Executive Officer; Jack Kopnisky to Become Chief Executive Officer| BOSTON--(BUSINESS WIRE)--Sept. 27, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, announced today that
its Board of Directors has accepted the resignation of Daniel M.
Meyers as Chairman of the Board of Directors and Chief Executive
Officer, effective immediately.
First Marblehead also announced that Jack L. Kopnisky, President
and Chief Operating Officer, has been elected to the addit... |
| | 09/27/05 | First Marblehead Revises Closing Date for Planned $1.68 Billion Securitization of Private Student Loans| BOSTON--(BUSINESS WIRE)--Sept. 27, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced a
revision to the anticipated closing date for a securitization enabling
the purchase of private student loans by for The National Collegiate
Student Loan Trust 2005-3 (the Trust). The Company now expects the
transaction to close on or about October 27, 2005 under terms and
conditions substant... |
| | 09/15/05 | First Marblehead Announces Initiation of Quarterly Cash Dividend| BOSTON--(BUSINESS WIRE)--Sept. 15, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, announced today that
its Board of Directors has declared an initial cash dividend of $0.12
per share on the Company's Common Stock. This dividend is payable on
October 5, 2005 to stockholders of record at the close of business on
September 26, 2005. The Company anticipates that it will continue to
pay its shareho... |
| | 09/13/05 | First Marblehead to Provide Private Student Loan Services to Zions Bank| BOSTON--(BUSINESS WIRE)--Sept. 13, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced it
has signed an agreement to provide private student loan program
services to Zions Bank. This school channel alternative loan program
will be marketed by Zions Bank's education lending sales force.
Charter One Bank will serve as program lender, and will sell the loans
into a First Marblehead-arr... |
| | 09/12/05 | First Marblehead Announces Planned $1.68 Billion Securitization of Private Student Loans| BOSTON--(BUSINESS WIRE)--Sept. 12, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced the
scheduled closing of a securitization enabling the purchase of private
student loans by The National Collegiate Student Loan Trust 2005-3
(the Trust) and the related issuance of Student Loan Asset Backed
Notes by the Trust and Student Loan Asset Backed Certificates by the
related NCF Grantor T... |
| | 09/09/05 | First Marblehead to Present at Lehman Brothers 2005 Financial Services Conference on September 15, 2005| BOSTON--(BUSINESS WIRE)--Sept. 9, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced that
its Chairman and Chief Executive Officer, Daniel Meyers, will deliver
a presentation at the Lehman Brothers 2005 Financial Services
Conference on September 15, 2005 at 11:00 a.m., in New York City.
A live audio webcast of the presentation will be available to the
public on September 15, ... |
| | 08/22/05 | First Marblehead Appoints KeyBank Executive as President and Chief Operating Officer| BOSTON--(BUSINESS WIRE)--Aug. 22, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced that
it has appointed Jack L. Kopnisky as its new President and Chief
Operating Officer. In this role, Kopnisky will take on day-to-day
operational responsibilities for the Company. Kopnisky will join First
Marblehead on September 6, 2005.
Kopnisky, age 49, most recently served as President o... |
| | 08/18/05 | First Marblehead Corporation Announces Expanded Relationship with SunTrust Bank| BOSTON--(BUSINESS WIRE)--Aug. 18, 2005--The First Marblehead
Corporation (NYSE:FMD), a leading provider of outsourcing services for
private, non-governmental education lending, today announced an
agreement to expand its private student loan services to SunTrust
Education Loans, a unit of SunTrust Banks, Inc. First Marblehead will
structure and process private loan programs for SunTrust Education
Loans, and SunTrust will sell the loans into a First
Marblehead-arranged securitization.
... |
| | 08/11/05 | First Marblehead Announces Fourth Quarter and Full Year Fiscal 2005 Results; Full Year Revenues and Net Income Increase 110% and 112% Over Last Year; Annual Operating Margin Increases to 66%| BOSTON--(BUSINESS WIRE)--Aug. 11, 2005--First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced its
financial results for its fourth quarter of fiscal 2005 and for the
full fiscal year ended June 30, 2005.
Total service revenues for the fourth quarter of fiscal 2005
reached $120.2 million, up from $101.1 million in the fourth quarter
of fiscal 2004. During the fourth fiscal quarter of 2005,... |
| | 08/04/05 | First Marblehead Corporation to Release Fiscal 2005 Fourth Quarter/Year-End Financial Results, Host Conference Call on August 11, 2005| BOSTON--(BUSINESS WIRE)--Aug. 4, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced that
it will release its fiscal fourth quarter/year-end financial results
after the close of the market on Thursday, August 11, 2005.
In conjunction with the release of financial results, the company
will host a conference call that day at 5 p.m. EDT, which will be
simultaneously broadcast liv... |
| | 08/03/05 | First Marblehead to Serve as Exclusive Provider of Private Direct-to-Consumer Student Loan Products for GMAC Bank| BOSTON, Aug 03, 2005 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE:FMD), a leading
provider of outsourcing services for private, non-governmental
education lending, today announced an agreement to serve as the
exclusive provider of private direct-to-consumer student loan products
for GMAC Bank. This new agreement with GMAC Bank will significantly
broaden the marketing efforts behind the GMAC Bank direct-to-consumer
product suite and will include marketing efforts outside the GM... |
| | 06/30/05 | First Marblehead Facilitates a Unique Securitization of a $174 Million Fleet-Branded School Channel Loan Portfolio for Bank of America| BOSTON--(BUSINESS WIRE)--June 30, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced it
has facilitated the securitization of a Fleet-branded school channel
loan portfolio that Bank of America currently holds totaling
approximately $174 million. These loans are guaranteed by The
Education Resources Institute, Inc. (TERI) and were originated by
Fleet prior to the Bank of America/Fle... |
| | 06/30/05 | First Marblehead Announces Its Largest-Ever Securitization of GATE Loans| BOSTON--(BUSINESS WIRE)--June 30, 2005--The First Marblehead
Corporation (NYSE:FMD), a leading provider of outsourcing services for
private, non-governmental education lending, today announced it has
closed its largest ever securitization of The National Collegiate
Trust 2005-GATE private student loans.
First Marblehead's qualified special purpose entity National
Collegiate Trust raised $142.0 million to acquire GATE private student
loans with a principal and accrued interest balanc... |
| | 06/24/05 | First Marblehead Signs Agreement with the College of William & Mary to Offer the W & M Gate Loan to Their Graduate and Undergraduate Students| BOSTON--(BUSINESS WIRE)--June 24, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced it
has signed an agreement with the College of William & Mary to provide
a new loan program that will be available to William & Mary
undergraduate and graduate students beginning in the fall of 2005.
The W & M GATE Loan will serve as a comprehensive alternative loan
product that offers compet... |
| | 06/21/05 | First Marblehead Corporation to Present at Friedman Billings Ramsey's 2nd Annual European Growth Conference on Tuesday, June 28, 2005| BOSTON--(BUSINESS WIRE)--June 21, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced that
Donald Peck, Executive Vice President and Chief Financial Officer of
First Marblehead, will deliver a presentation at the Friedman Billings
Ramsey 2nd Annual European Investor Conference on Tuesday, June 28,
2005 at 8:45 a.m. British Summer Time in London, England (3:45 a.m.
Eastern Daylight T... |
| | 06/13/05 | First Marblehead Corp. Appoints Peter B. Tarr General Counsel| BOSTON, Jun 13, 2005 (BUSINESS WIRE) -- First Marblehead Corporation (NYSE: FMD), a leading
provider of outsourcing services for private, non-governmental
education lending, today announced that it has appointed Peter B. Tarr
as its general counsel, where he will oversee the legal, compliance
and internal audit functions. Tarr will also be nominated to serve as
vice chairman of the board of directors. He expects to join the
Company in mid-July.
Tarr, age 54, is a partner in the corpor... |
| | 06/09/05 | First Marblehead Corporation to Present at UBS Higher Education Investors Conference on Wednesday, June 15, 2005| BOSTON--(BUSINESS WIRE)--June 9, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced that
Daniel Meyers, Chairman and CEO of First Marblehead, will participate
in a panel discussion at the UBS Higher Education Investors Conference
on Wednesday, June 15, 2005 at 9:00 am Eastern Daylight Time in New
York City.
A live audio webcast of the presentation will be available to the
pu... |
| | 06/07/05 | First Marblehead Announces June 2005 Private Label Student Loan Securitization| BOSTON--(BUSINESS WIRE)--June 7, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced the
scheduled closing of a securitization enabling the purchase of private
student loans by The National Collegiate Student Loan Trust 2005-2
(the Trust). The Trust has filed with the Securities and Exchange
Commission a prospectus supplement regarding this transaction. The
Company expects the trans... |
| | 06/02/05 | First Marblehead Board of Directors Authorizes Additional 500,000 Share Repurchase| BOSTON--(BUSINESS WIRE)--June 2, 2005--First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced its
Board of Directors has authorized the repurchase of an additional
500,000 shares of the Company's common stock from time to time on the
open market or in privately negotiated transactions. As previously
announced, on April 29, 2005, the Board of Directors authorized the
repurchase of up to 1,000,000... |
| | 06/01/05 | First Marblehead Corporation and Collegiate Funding Services Reiterate Long-Term Relationship and Commitment| BOSTON--(BUSINESS WIRE)--June 1, 2005--First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, reiterated that its
contract with Collegiate Funding Services (NASDAQ: CFSI) will remain
in full effect until July 2007.
Commenting on today's announcement from CFS, Daniel Meyers, First
Marblehead Chairman and CEO said, "One of our clients, CFS, disclosed
today that it plans to introduce a second direct to consu... |
| | 05/31/05 | First Marblehead Corporation to Provide Private Student Loan Services to the College Board| The First Marblehead Corporation (NYSE: FMD), a leading
provider of outsourcing services for private, non-governmental
education lending, today announced it has signed an agreement to
provide private student loan program services to the College Board.
The College Board Connect Loan program will be marketed by the College
Board's education lending sales force. Charter One Bank will serve as
program lender, and will sell the loans into a First
Marblehead-arranged securitization.
Daniel... |
| | 05/23/05 | First Marblehead Corporation to Provide Private Student Loan Services to U.S. Bank| BOSTON--(BUSINESS WIRE)--May 23, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced it
has signed an agreement to provide private student loan program
services to U.S. Bank for a school channel product line. U.S. Bank
will serve as the lender and marketer for this new product line, and
will sell the student loans into a First Marblehead-arranged
securitization.
Daniel Meyers... |
| | 05/20/05 | First Marblehead Announces Anticipated June 2005 Securitization of TERI-Guaranteed Student Loans| BOSTON, May 20, 2005 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE: FMD), a leading
provider of outsourcing services for private, non-governmental
education lending, today announced the scheduled closing of a
securitization enabling the purchase of private student loans by The
National Collegiate Student Loan Trust 2005-2 (the Trust) and the
related issuance of Student Loan Asset Backed Notes by the Trust and
Student Loan Asset Backed Certificates by the related NCF Grantor
Tr... |
| | 05/18/05 | First Marblehead Corporation to Provide Exclusive Private Student Loan Services to FindTuition.com| BOSTON, May 18, 2005 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE:FMD), a leading
provider of outsourcing services for private, non-governmental
education lending, today announced it has signed a contract to become
the exclusive provider of private student loan services to
FindTuition.com, the nation's leading scholarship information site and
largest consolidated database of national, state and college-specific
scholarships and grants. FindTuition.com will market these loans t... |
| | 04/29/05 | First Marblehead Board of Directors Authorizes 1,000,000 Share Repurchase| BOSTON, Apr 29, 2005 (BUSINESS WIRE) -- First Marblehead Corporation (NYSE: FMD), a leading
provider of outsourcing services for private, non-governmental
education lending, today announced its Board of Directors has
authorized the repurchase of up to 1,000,000 shares of the Company's
common stock from time to time on the open market or in privately
negotiated transactions.
The timing and amount of any shares repurchased will be determined
by a Committee of the Board of Directors base... |
| | 04/28/05 | First Marblehead Announces Third Quarter Fiscal 2005 Results; Company Raises Revenue and Earnings Guidance for Fiscal 2005; Provides Preliminary Outlook for Fiscal 2006| BOSTON--(BUSINESS WIRE)--April 28, 2005--First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced its
financial results for its third quarter of fiscal 2005 and for the
nine months ended March 31, 2005.
Total service revenues for the third quarter of fiscal 2005
reached $119.5 million, up from $11.1 million in the third quarter of
fiscal 2004. During the third fiscal quarter of 2005, the Com... |
| | 04/19/05 | First Marblehead Corporation to Release Fiscal 2005 Third Quarter Financial Results, Host Conference Call on April 28, 2005| BOSTON, Apr 19, 2005 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE: FMD), a leading
provider of outsourcing services for private, non-governmental
education lending, today announced that it will release its fiscal
third quarter financial results after the close of the market on
Thursday, April 28, 2005.
In conjunction with the release of financial results, the company
will host a conference call that day at 5 p.m. EDT, which will be
simultaneously broadcast live over the I... |
| | 04/18/05 | First Marblehead Announces Ralph James Resignation; Former President Was Instrumental In Firm's Growth| BOSTON, Apr 18, 2005 (BUSINESS WIRE) -- The First Marblehead Corporation (NYSE: FMD), a leading
provider of outsourcing services for private, non-governmental
education lending, today announced its Vice Chairman, Ralph James,
will be leaving the firm to pursue other interests. Mr. James
previously served as the Company's President and Chief Operating
Officer before reducing his responsibilities in November 2004 and
assuming the role of Vice Chairman.
Daniel Meyers, Chairman and CEO of... |
| | 03/29/05 | Citizens Bank, First Marblehead Team up to Give Schools, Students More Loan Choices; Citizens to Launch New, Enhanced Private Education Loan for the 2005-06 School Year| BOSTON--(BUSINESS WIRE)--March 29, 2005--First Marblehead (NYSE:
FMD), a leading provider of outsourcing services for private,
non-governmental education lending, today announced an agreement to
provide private student loan services to Citizens Bank. First
Marblehead will structure and process these private loan programs,
which include products tailored to undergraduate, graduate, medical
and continuing education students.
This new product suite will replace the current Citizens
Ba... |
| | 03/14/05 | First Marblehead Signs Agreement with Yale University Creating the GATE Y-Loan Program| BOSTON--(BUSINESS WIRE)--March 14, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced it
has signed a contract with Yale University to provide a new loan
program that will be available to Yale graduate and professional
students beginning in the fall of 2005.
The GATE Y-Loan program resulted from Yale's desire to provide an
accessible and competitively-priced loan option for Y... |
| | 03/03/05 | First Marblehead Corporation to Present at JPMorgan's Small Cap Conference on March 10, 2005| BOSTON--(BUSINESS WIRE)--March 3, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental, education lending, today announced that
Donald R. Peck, Executive Vice President and Chief Financial Officer,
will make a presentation at JPMorgan's Small Cap Conference, on
Thursday, March 10, 2005 at 9:15 am Central Standard Time, in Chicago,
Illinois.
A live audio webcast of the presentation will be available to the
publi... |
| | 02/18/05 | First Marblehead Anticipates Closing $951.5 Million Private Student Loan Securitization; Securitization to Generate $91 Million In Revenue| BOSTON--(BUSINESS WIRE)--Feb. 18, 2005--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental, education lending, today announced the
anticipated closing of a securitization transaction by The National
Collegiate Student Loan Trust 2005-1 and NCF Grantor Trust 2005-1that
is expected to raise $951.5 million to acquire private student loans
with a principal and accrued interest balance of approximately $715
million. The Trust ... |
| | 02/07/05 | First Marblehead, Collegiate Funding Services Sign Contract to Extend Relationship for Private Education Lending Products| BOSTON--(BUSINESS WIRE)--Feb. 7, 2005--First Marblehead (NYSE:
FMD), a leading provider of outsourcing services for private,
non-governmental education lending, today announced it has signed an
extended term contract with Collegiate Funding Services, LLC, a
subsidiary of Collegiate Funding Services, Inc. (Nasdaq: CFSI), to
process and securitize direct-to-consumer and school channel product
lines marketed by CFS.
First Marblehead has provided private loan products to CFS since
May ... |
| | 01/31/05 | First Marblehead Announces Anticipated February 2005 Securitization| BOSTON--(BUSINESS WIRE)--Jan. 31, 2005--The First Marblehead
Corporation (NYSE: FMD), a market leader in the processing and
securitization of private, non-governmental, education lending, today
announced the scheduled closing of a securitization enabling the
purchase of private student loans by The National Collegiate Student
Loan Trust 2005-1 (the Trust) and the related issuance of Student Loan
Asset Backed Notes by the Trust and Student Loan Asset Backed
Certificates by the related NCF ... |
| | 01/31/05 | First Marblehead Announces Second Quarter Fiscal 2005 Results; Revenues Increase 101% over Second Quarter of Last Year; Net Income Increases 103% Over Same Period| BOSTON, Mass.--(BUSINESS WIRE)--Jan. 31, 2005--First Marblehead
Corporation (NYSE: FMD) a market leader in the processing and
securitization of private, non-governmental, education lending, today
announced its financial results for its second quarter of fiscal 2005
and for the six months ended December 31, 2004.
Total service revenues for the second quarter of fiscal 2005
reached $155.8 million, up more than 101% from $77.5 million in the
second quarter of 2004. During the second fi... |
| | 01/21/05 | First Marblehead Corporation to Release Fiscal 2005 Second Quarter Financial Results; Host Conference Call January 31, 2005| BOSTON--(BUSINESS WIRE)--Jan. 21, 2005--The First Marblehead
Corporation (NYSE: FMD), a market leader in the processing and
securitization of private, non-governmental, education lending, today
announced that it will release its fiscal second quarter financial
results on Monday, January 31, 2005.
In conjunction with the release of financial results, the company
will host a conference call that day at 10 a.m. EST, which will be
simultaneously broadcast live over the Internet. Daniel ... |
| | 01/20/05 | First Marblehead Corporation to Present at Citigroup Smith Barney's 2005 Financial Services Conference on January 26, 2005| BOSTON--(BUSINESS WIRE)--Jan. 20, 2005--First Marblehead
Corporation (NYSE: FMD), a market leader in the processing and
securitization of private, non-governmental, education lending, today
announced that Donald R. Peck, Executive Vice President and Chief
Financial Officer, will make a presentation at Citigroup Smith
Barney's 2005 Financial Services Conference, on Wednesday, January 26,
2005 at 2:45 pm Eastern Standard Time, in New York City.
A live audio webcast of the presentation... |
| | 01/12/05 | The First Marblehead Corporation Prices Follow-on Public Offering| BOSTON--(BUSINESS WIRE)--Jan. 12, 2005--The First Marblehead
Corporation (NYSE: FMD) today announced that it has priced its
follow-on public offering of 3,420,527 shares of common stock at
$57.40 per share.
All of the shares were offered by selling stockholders. In
addition, the selling stockholders granted to the underwriters an
option to purchase up to 513,078 additional shares for the sole
purpose of covering sales of shares in excess of the 3,420,527 shares.
First Marblehead wi... |
| | 01/07/05 | First Marblehead Reports Second Quarter 2005 Facilitation Volume| BOSTON, Mass.--(BUSINESS WIRE)--Jan. 7, 2005--First Marblehead
Corporation (NYSE: FMD) a market leader in the processing and
securitization of private, non-governmental, education lending, today
announced its loan facilitation volumes for the fiscal second quarter
and six months ended December 31, 2004.
For the fiscal second quarter ended December 31, 2004, First
Marblehead facilitated approximately $560 million of private student
loans, an increase of 55% over the comparable period... |
| | 12/27/04 | First Marblehead Provides Performance Data on Its Website for National Collegiate Student Loan Trusts 2004-1, 2004-2| BOSTON--(BUSINESS WIRE)--Dec. 27, 2004--First Marblehead
Corporation (NYSE: FMD), a leading processor of private,
non-governmental, education lending, has made publicly available
information regarding the performance through November 30, 2004 of
student loans that the National Collegiate Student Loan Trust 2004-1,
securitized in June 2004, and 2004-2, securitized in October 2004.
Daniel Meyers, First Marblehead's Chairman and CEO, said, "Most of
the assets in the trust have not yet ... |
| | 12/22/04 | The First Marblehead Corporation Appoints Thomas Cesso as Chief Information Officer| BOSTON--(BUSINESS WIRE)--Dec. 22, 2004--The First Marblehead
Corporation (NYSE: FMD) today announced that Thomas Cesso will join
First Marblehead Corporation as Executive Vice President, Chief
Information Officer, a newly created position, effective January 3,
2005.
Mr. Cesso, age 46, will lead the formation and execution of all
Information Technology strategy and functions for First Marblehead,
relying on his almost 2 decades of senior-level experience in IT
planning, development,... |
| | 12/14/04 | Bank One Education Finance Will Give Schools, Students More Loan Choices; Bank One Campus Loan Will be Ready for 2005-06 School Year| CHICAGO, Dec 14, 2004 (BUSINESS WIRE) -- Colleges and students will have an additional
student loan choice in 2005-2006, thanks to a new loan program from Bank One Education
Finance Corp.
The Bank One Campus Loan program will be available in the spring of 2005 in
time for the 2005-2006 academic year, and will be marketed to school financial
aid offices by Bank One Education Finance, an affiliate of JPMorgan Chase &
Co. (NYSE:JPM). First Marblehead (NYSE:FMD) will provide progr... |
| | 11/24/04 | The First Marblehead Corporation Announces Follow-on Public Offering by Selling Stockholders| BOSTON--(BUSINESS WIRE)--Nov. 24, 2004--The First Marblehead
Corporation (NYSE: FMD) today announced that it has filed a
registration statement with the Securities and Exchange Commission for
a follow-on public offering of 3,442,262 shares of its common stock.
All of the shares are to be offered by selling stockholders. In
addition, the selling stockholders will grant to the underwriters an
option to purchase up to 516,343 additional shares for the sole
purpose of covering sales of ... |
| | 11/18/04 | First Marblehead Announces Company's President to Assume New Role| BOSTON--(BUSINESS WIRE)--Nov. 18, 2004--The First Marblehead
Corporation (NYSE: FMD), a market leader in the processing and
securitization of private, non-governmental, education lending, today
announced that the Company's President, Ralph James, will assume the
role of Vice Chairman of the Corporation, which will allow him to
focus on the firm's strategic relationships. This new role will also
allow Mr. James to pursue interests outside the Company. His previous
duties will be assumed by... |
| | 10/28/04 | First Marblehead Reports First Quarter 2005 Financial Results; Company Increases Guidance for Fiscal 2005; Extends TERI Contract Through 2011| BOSTON--(BUSINESS WIRE)--Oct. 28, 2004--First Marblehead
Corporation (NYSE:FMD), a market leader in the processing and
securitization of private, non-governmental, education lending, today
announced its financial results for its fiscal quarter ended September
30, 2004.
The Company reported earlier this month that loan facilitations
volume for the first quarter of fiscal 2005 totaled $1.03 billion, an
increase of 66% over the comparable period last year. First
Marblehead's first qua... |
| | 10/26/04 | First Marblehead Anticipates Closing $1.12 Billion Private Student Loan Securitization; Largest Securitization in Company's History to Generate $133 Million in Revenue| BOSTON--(BUSINESS WIRE)--Oct. 26, 2004--The First Marblehead
Corporation (NYSE: FMD), a market leader in the processing and
securitization of private, non-governmental, education lending, today
announced the anticipated closing of a securitization transaction by
The National Collegiate Student Loan Trust 2004-2 that is expected to
raise $1.12 billion to acquire private student loans with a principal
and accrued interest balance of approximately $815 million. The Trust
has filed with the S... |
| | 10/18/04 | First Marblehead Corporation to Release Fiscal 2005 First Quarter Financial Results; Host Conference Call October 28, 2004| BOSTON--(BUSINESS WIRE)--Oct. 18, 2004--The First Marblehead
Corporation (NYSE:FMD), a market leader in the processing and
securitization of private, non-governmental, education lending, today
announced that it will release its fiscal first quarter financial
results after market close on Thursday, October 28, 2004.
In conjunction with the release of financial results, the company
will host a conference call that day at 5 p.m. EDT, which will be
simultaneously broadcast live over the... |
| | 10/06/04 | First Marblehead Announces Record First Quarter Facilitation Volumes| BOSTON--(BUSINESS WIRE)--Oct. 6, 2004--The First Marblehead
Corporation (NYSE: FMD), a market leader in the processing and
securitization of private, non-governmental, education lending, today
announced its loan facilitation volumes for the fiscal quarter ended
September 30, 2004.
For the fiscal first quarter ended September 30, 2004, First
Marblehead facilitated approximately $1.03 billion of private student
loans, an increase of 66% over the comparable period last year. First
Mar... |
| | 10/06/04 | First Marblehead Announces Anticipated October Securitization| BOSTON--(BUSINESS WIRE)--Oct. 6, 2004--The First Marblehead
Corporation (NYSE: FMD), a market leader in the processing and
securitization of private, non-governmental, education lending, today
announced the scheduled closing of a securitization enabling the
purchase of private student loans by The National Collegiate Student
Loan Trust 2004-2 (the Trust) and the related issuance of Student Loan
Asset Backed Notes by the Trust and Student Loan Asset Backed
Certificates by the related NCF G... |
| | 09/29/04 | First Marblehead CEO Comments on Trust Performance Report| BOSTON--(BUSINESS WIRE)--Sept. 29, 2004--First Marblehead
Corporation (NYSE: FMD), a leading processor of private,
non-governmental, education lending, today commented on the National
Collegiate Student Loan Trust 2004-1 (the "Trust") Quarterly
Distribution Report.
Daniel Meyers, Chairman and CEO of First Marblehead said, "The
Quarterly Distribution Report we recently posted on our website
represents the Company's first opportunity to provide publicly
available information about th... |
| | 09/28/04 | First Marblehead Provides Trust Performance Data on Its Website| BOSTON--(BUSINESS WIRE)--Sept. 28, 2004--First Marblehead
Corporation (NYSE: FMD), a leading processor of private,
non-governmental, education lending, has made publicly available
information regarding the performance through August 31, 2004 of
student loans that the National Collegiate Student Loan Trust 2004-1
securitized in June 2004.
These performance statistics, which, to date, are within the range
of management's expectations, are available at the Investor Relations
section o... |
| | 09/09/04 | First Marblehead and Sovereign Bank Launch New Education Loan Product| BOSTON--(BUSINESS WIRE)--Sept. 9, 2004--The First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private non-governmental education lending, today announced an
agreement to provide private student loan services to Sovereign Bank
for a school channel product line. Sovereign Bank will act as lender
and marketer for the product.
Daniel Meyers, First Marblehead's chairman and CEO, commented, "We
are excited to be working with Sovereign Bank, a leading... |
| | 09/08/04 | First Marblehead Corporation to Present at Lehman Brothers 2004 Financial Services Conference on September 13, 2004| BOSTON--(BUSINESS WIRE)--Sept. 8, 2004--First Marblehead
Corporation (NYSE:FMD) a leading provider of outsourcing services for
private, non-governmental, education lending, today announced that its
chief financial officer, Donald R. Peck, will deliver a presentation
at the Lehman Brothers 2004 Financial Services Conference on September
13, 2004 at 10:15 am, in New York City. First Marblehead's Vice
Chairman, Stephen E. Anbinder, will also participate in the
presentation.
A live aud... |
| | 08/12/04 | First Marblehead Reports Record Fourth Quarter and Year-End 2004 Financial Results; Fourth Quarter Loan Facilitation Volume up 89% over Previous Year|
Fourth Quarter Loans Available for Securitization up 120%
BOSTON--(BUSINESS WIRE)--Aug. 12, 2004--First Marblehead Corporation (NYSE: FMD), a leading processor of
private, non-governmental, education lending, today announced its
financial results for the fourth quarter and fiscal year ended June
30, 2004.
Total service revenue for the fourth quarter of fiscal 2004 was
$101.1 million, compared with $36.2 million in the fourth quarter of
2003. The Company's ne... |
| | 08/05/04 | First Marblehead Corporation to Release Fiscal 2004 Fourth Quarter and Year-End Earnings, Host Conference Call August 12| BOSTON--(BUSINESS WIRE)--Aug. 5, 2004--The First Marblehead
Corporation (NYSE: FMD), a market leader in the processing and
securitization of private, non-governmental, education lending, today
announced that it will release its fiscal fourth quarter and year-end
financial results prior to market open on Thursday, August 12, 2004.
In conjunction with the earnings release, the company will host a
conference call that day at 10 a.m. EDT, which will be simultaneously
broadcast live over... |
| | 07/02/04 | First Marblehead Confirms Long-Term Relationship with JPMorgan Chase/Bank One| BOSTON--(BUSINESS WIRE)--July 2, 2004--The First Marblehead
Corporation (NYSE: FMD), a market leader in the processing and
securitization of private, non-governmental, education lending, today
confirmed its long-term contractual relationship with the combined
JPMorgan Chase/Bank One entity, now that the merger of these two
institutions has been completed.
Today's announcements by SLM Corporation (Sallie Mae) and Bank One
that Bank One has given notice terminating its marketing agree... |
| | 06/22/04 | The First Marblehead Corporation Prices Follow-on Public Offering| BOSTON--(BUSINESS WIRE)--June 22, 2004--The First Marblehead
Corporation (NYSE:FMD) today announced that it has priced its
follow-on public offering of 6,440,271 shares of common stock at
$36.50 per share.
All of the shares were offered by selling stockholders. In
addition, the selling stockholders granted to the underwriters an
option to purchase up to 966,041 additional shares for the sole
purpose of covering sales of shares in excess of the 6,440,271 shares.
First Marblehead wil... |
| | 06/08/04 | First Marblehead Announces Private Student Loan Securitization| BOSTON--(BUSINESS WIRE)--June 8, 2004--The First Marblehead
Corporation (NYSE:FMD), a market leader in the processing and
securitization of private, non-governmental, education lending, today
announced the scheduled closing of a securitization enabling the
purchase of private student loans by the National Collegiate Student
Loan Trust 2004-1 (the Trust). The Trust has filed with the Securities
and Exchange Commission a prospectus supplement regarding this
transaction. The Company expects ... |
| | 06/03/04 | The First Marblehead Corporation Announces Follow-on Public Offering by Selling Stockholders| BOSTON, Jun 3, 2004 (BUSINESS WIRE) -- The First Marblehead
Corporation (NYSE: FMD) today announced that it has filed a
registration statement with the Securities and Exchange Commission for
a follow-on public offering of 6,440,271 shares of its common stock.
All of the shares are to be offered by selling stockholders. In
addition, the selling stockholders have granted to the underwriters an
option to purchase up to 966,041 additional shares for the sole
purpose of covering sales of s... |
| | 06/02/04 | First Marblehead Corporation to Provide Private Student Loan Products to Edfinancial Services| BOSTON--(BUSINESS WIRE)--June 2, 2004--First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced a
four year agreement to provide private student loan products to
Edfinancial Services. Edfinancial has also become an approved First
Marblehead loan servicer.
Daniel Meyers, First Marblehead's Chairman and CEO, commented, "We
look forward to a productive relationship with Edfinancial as a loan
s... |
| | 05/27/04 | First Marblehead Corporation and Citizens Bank Launch New Direct-to-Consumer Product Line; Citizens Bank Added as Referral Lender| BOSTON--(BUSINESS WIRE)--May 27, 2004--First Marblehead
Corporation (NYSE: FMD) a leading provider of outsourcing services for
private, non-governmental education lending, today announced an
agreement to provide private student loan services to Citizens Bank
for a direct-to-consumer product line. In addition, Citizens Bank is
now a referral lender for First Marblehead-facilitated private student
loan programs.
Daniel Meyers, First Marblehead's Chairman and CEO, commented,
"These ar... |
| | 05/27/04 | First Marblehead Corporation Broadens Relationship with PNC Bank to Include Direct-to-Consumer Product Line; Adds PNC as Referral Lender| BOSTON--(BUSINESS WIRE)--May 27, 2004--First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced an
agreement with PNC Bank, N.A. to offer private education loans
directly to consumers. In addition, PNC Bank is now a referral lender
for First Marblehead-facilitated private education loan programs.
Daniel Meyers, First Marblehead's Chairman and CEO, commented,
"We've been working with PNC on a... |
| | 05/10/04 | First Marblehead Corporation to Provide Private Student Loan Services to Creditron Financial Services| BOSTON--(BUSINESS WIRE)--May 10, 2004--First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced an
agreement to provide private student loan services to the Academic
Lending Center, a division of Creditron Financial Services.
The Academic Lending Center's marketing team of more than 150 loan
officers will promote the loan program direct to customers under the
name "Custom EduCredit." The pro... |
| | 04/26/04 | First Marblehead Corporation to Provide Private Student Loan Services to AAA Southern New England| BOSTON--(BUSINESS WIRE)--April 26, 2004--First Marblehead
Corporation (NYSE: FMD) a leading provider of outsourcing services for
private, non-governmental, education lending, today announced an
agreement with AAA Southern New England.
First Marblehead will provide private student loan services to AAA
Southern New England. The loan program will be available to AAA
Southern New England's membership of nearly 2 million people,
beginning immediately.
Daniel Meyers, First Marblehe... |
| | 04/22/04 | First Marblehead Reports Third Quarter and Nine Month 2004 Financial Results|
Loan Facilitation Volume up 84% over Previous Year;
Loans Available for Securitization up 123%
BOSTON--(BUSINESS WIRE)--April 22, 2004---First Marblehead Corporation (NYSE: FMD) a leading processor of
private, non-governmental, education lending, today announced its
financial results for the fiscal 2004 third quarter and nine months
ended March 31, 2004.
First Marblehead's 2004 third fiscal quarter loan facilitation
volume increased 84% to $48... |
| | 04/07/04 | First Marblehead Announces Record Third Quarter Facilitation Volume; Raises Guidance for Fiscal 2004| BOSTON--(BUSINESS WIRE)--April 7, 2004--First Marblehead
Corporation (NYSE: FMD) a leading processor of private,
non-governmental, education lending, today announced its loan
facilitation volumes for the fiscal third quarter and nine months
ended March 31, 2004.
For the third quarter ended March 31, 2004, First Marblehead
facilitated over $485 million of private student loans, an increase of
84% over the comparable period last year. The year-to-date loan
facilitation volume reached... |
| | 04/06/04 | First Marblehead Corporation Launches Start Education Loan; New Turnkey Private Loan Product for Lenders and Marketers| BOSTON, Mass.--(BUSINESS WIRE)--April 6, 2004--First Marblehead
Corporation (NYSE: FMD), a leading provider of outsourcing services
for private, non-governmental education lending, today announced the
launch of a new private loan product: the START Education Loan(SM).
START is now available to lenders and marketers as a
rapidly-implemented, turnkey private loan they can offer to their
customer or membership base. It opens the market for FMD to reach
smaller organizations who wish to offer... |
| | 03/05/04 | National Collegiate Funding LLC Announces Shelf Registration| BOSTON--(BUSINESS WIRE)--March 5, 2004--The National Collegiate
Funding LLC filed a shelf registration statement today with the
Securities and Exchange Commission in connection with the registration
under the Securities Act of 1933 of a series of student loan asset
backed notes to be offered from time to time. The student loans will
be guaranteed by The Education Resources Institute, Inc. The First
Marblehead Corporation (NYSE: FMD) will act as structural advisor to
The National Collegiat... |
| | 03/04/04 | First Marblehead Corporation to Present at the Goldman Sachs Financial Services Conference on March 9, 2004| BOSTON--(BUSINESS WIRE)--March 4, 2004--First Marblehead
Corporation (NYSE:FMD), a leading processor of private,
non-governmental, education lending, today announced that Donald R.
Peck, Executive Vice President and Chief Financial Officer, will make
a presentation at Goldman Sachs' Financial Services Conference, on
Tuesday, March 9, 2004, at 11:00 a.m. GMT, in London, England.
The presentation will be available to the public via conference
call. If you are interested in listening t... |
| | 01/28/04 | First Marblehead Announces Second Quarter Revenue More Than Doubles; Loan Originations Increase 65%; Loans Available For Securitization Increase 104%| BOSTON--(BUSINESS WIRE)--Jan. 28, 2004--First Marblehead
Corporation (NYSE:FMD) a leading processor of private,
non-governmental, education lending, today announced its financial
results for the fiscal 2004 second quarter and six months ended
December 31, 2003.
Total revenues for the second quarter of fiscal 2004 reached $77.5
million, up more than 133% from $33.2 million in the second quarter of
2002. In December 2003, the Company securitized $532 million of
student loans, a 135% ... |
| | 01/27/04 | First Marblehead Corporation to Provide Private Student Loan Services to National Education| BOSTON--(BUSINESS WIRE)--Jan. 27, 2004--First Marblehead
Corporation (NYSE: FMD) a leading provider of outsourcing services for
private, non-governmental, education lending, today announced an
agreement to provide private student loan services to National
Education. The loan program will carry a guaranty from The Education
Resources Institute (TERI) and will be serviced by American
Educational Services (AES).
Daniel Meyers, First Marblehead's Chairman and CEO, commented,
"First Mar... |
| | 01/26/04 | First Marblehead Corporation to Present at Smith Barney Citigroup's 2004 Financial Services Conference on January 28, 2004| BOSTON, Jan 26, 2004 (BUSINESS WIRE) -- First Marblehead
Corporation (NYSE: FMD) a leading provider of outsourcing services for
private, non-governmental, education lending, today announced that
Daniel Meyers, Chairman and CEO, will make a presentation at Smith
Barney Citigroup's 2004 Financial Services Conference, on Wednesday,
January 28, 2004 at 2:45 pm Eastern Standard Time, in New York City.
A live audio webcast of the presentation will be available to the
public on January 28, 2... |
| | 01/16/04 | First Marblehead Corporation to Webcast Second Quarter 2004 Earnings Results on January 28, 2004| BOSTON--(BUSINESS WIRE)--Jan. 16, 2004--The First Marblehead
Corporation (NYSE:FMD), a leading provider of outsourcing services for
private, non-governmental education lending, today announced that it
will release its fiscal second quarter results prior to market open on
Wednesday, January 28, 2004.
In conjunction with the earnings release, the company will host a
conference call that day at 10 a.m. EST to discuss its second quarter
results. The call, which will be hosted by Daniel ... |
| | 01/07/04 | First Marblehead Corporation to Provide Private Student Loan Services to Chase Education Finance| BOSTON--(BUSINESS WIRE)--Jan. 7, 2004--First Marblehead
Corporation (NYSE:FMD) a leading provider of outsourcing services for
private, non-governmental, education lending, today announced an
agreement to provide private student loan services to Chase Education
Finance, the student lending division of JPMorgan Chase Bank. The
loans, to be originated beginning in January, 2004, will carry a
guaranty from The Education Resources Institute (TERI) and will be
serviced by American Educational S... |
| | 12/11/03 | First Marblehead Closes $687.5 Million Private Student Loan Securitization| BOSTON, Dec 11, 2003 (BUSINESS WIRE) -- The First Marblehead
Corporation (NYSE: FMD), a market leader in the processing and
securitization of private, non-governmental education lending, today
announced the closing of a $687.5 million securitization enabling the
purchase of private student loans by the National Collegiate Student
Loan Trust 2003-1 (NCSL Trust 2003-1) on behalf of owner trustee
Wachovia Trust Company, NA. The securitization was structured as a
private placement under Rule ... |
| | 10/30/03 | The First Marblehead Corporation Prices Its Initial Public Offering| NEW YORK--(BUSINESS WIRE)--Oct. 30, 2003--The First Marblehead
Corporation (NYSE:FMD) today announced the pricing of its initial
public offering of shares of common stock, which are expected to begin
trading on the New York Stock Exchange on October 31, 2003 under the
symbol "FMD." Of the 12,500,000 shares sold in the offering, 6,875,000
shares were offered by the Company at $16.00 per share, and 5,625,000
shares were offered by certain selling stockholders at the same price.
The un... |
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