The Gatwick Airport Community Trust, funded by London Gatwick, has awarded £250,000 to various initiatives across Sussex, Surrey, and Kent. The trust, established in 2002, supports local charities and organizations focusing on areas like youth development, arts, sports, and environmental conservation. The trust is currently accepting applications for funding with deadlines in September.
Amidst calls for the Thunder Bay Police Service (TBPS) to be disbanded, Chief Darcy Fleury has acknowledged that progress has been made but emphasizes that rebuilding community trust will take time. Following the deaths of Corey Belesky, Mackenzie Moonias, and Jenna Ostberg, First Nations leaders and family members have urged the government to disband the TBPS and appoint an external police force to investigate the incidents.
Community Trust’s (NASDAQ: CTBI) Q1 2024 report indicates positive signs of recovery, with improvements in net interest income, non-interest income, and deposit growth. Net interest income remained slightly below Q1 2023 levels, but improved from the previous quarter. Non-interest income surged, driven by loan-related fees and life insurance revenue. Notably, non-interest-bearing deposits increased, indicating a potential recovery in the cost of deposits. However, loan growth has slowed, and the impact of future monetary policy decisions remains uncertain. While management prioritizes dividend payments and the stock has outperformed recently, analysts maintain a ‘hold’ rating due to potential risks from a prolonged high-rate environment.
