- Keep Your Finances in the Black This Thanksgiving Weekend:MMI Provides Some Helpful Tips on Keeping
Thanksgiving marks the beginning of the holiday season. Many people kick-off Thanksgiving weekend by serving a delicious Thanksgiving dinner and end it by shopping. In fact, the day after Thanksgiving is commonly known as “Black Friday,” meaning the day retailers go from being unprofitable (in the “red”) to profitable (in the “black”). According to the ShopperTrak National Retail Sales Estimate (NRSE), last year’s Black Friday sales totaled $8 billion. - DLJ Merchant Banking Partners Announces Completion of Acquisition of Peach Holdings, Inc.
DLJ Merchant Banking Partners ("DLJMB") today announced that its affiliate Orchard Acquisition Company has completed its acquisition of Peach Holdings, Inc. (AIM: PSF), the parent company of Peachtree Settlement Funding ("Peachtree"), in a cash merger at £3.85 per share. - Independent Bank Corp. Announces the Redemption of the Trust Preferred Securities
Independent Bank Corp., (NASDAQ: INDB), parent of Rockland Trust Company, today announced the issuance of a notice that all of the outstanding 8.625% Cumulative Trust Preferred Securities of Independent Capital Trust III (NASDAQ: INDBN) will be redeemed on December 31, 2006 at a liquidation amount of $25 per Preferred Security, together with accumulated and unpaid distributions through the redemption date. - Concentra to Present at the Bank of America 2006 Credit Conference
Concentra Operating Corporation ("Concentra" or the "Company") today announced that the Company will participate in the upcoming Bank of America 2006 Credit Conference, which takes place December 4-5 in Orlando, Florida. Representing Concentra will be Daniel J. Thomas, CEO of Concentra, and Thomas E. Kiraly, CFO, who will make a presentation on December 4 at 11:10 a.m. Eastern Time. - New York-Based Signature Bank Unaffiliated with Other Entities
Signature Bank (NASDAQ:SBNY), a New York-based full-service commercial bank, clarified today that it is not affiliated with any other Signature Bank in the country that may share the same or similar names. - The First Marblehead Corporation Receives Approval To Acquire Union Federal Savings Bank
The First Marblehead Corporation (NYSE: FMD) announced that it received approval today from the Office of Thrift Supervision (OTS) to acquire Union Federal Savings Bank (UFSB) of North Providence, Rhode Island. - Bank of Georgia Announces Price Range for Initial Public Offering
Bank of Georgia (the “Bank”), a leading Georgian universal bank, announced today the preliminary price range for its initial public offering (the “Offering”) of up to 8,880,207 shares in the form of Global Depositary Receipts (“GDRs”). The price range has been set at between US$ 15.00 and US$ 17.50 per GDR. - Macatawa Bank Corporation Increases Quarterly Cash Dividend
Macatawa Bank Corporation (NASDAQ:MCBC) announced that its board of directors declared a quarterly cash dividend of thirteen cents ($.13) per share payable December 28, 2006, to shareholders of record on December 7, 2006. This is an 8% increase over the third quarter dividend and is a 14% increase over the fourth quarter 2005 cash dividend after considering the 5% stock dividend paid in May 2006 and the 3-for-2 stock split distributed in June 2006. - 22 Out of the Top 25 Western European Banks Rely on Actuate
Actuate Corporation (NASDAQ:ACTU), the world leader in Enterprise Reporting and Performance Management Applications that empower 100% of users to achieve breakthrough corporate performance, today announced that 22 out of the Top 25 Western Europe Banks (listing published by The Banker, 2006) rely on Actuate for their Enterprise Reporting Applications. - TD Bank Financial Group and TD Banknorth Inc. Agree to Going-Private Transaction
TD Bank Financial Group (TDBFG) (TSX and NYSE: TD) and TD Banknorth Inc. (NYSE: BNK) today announced that they have entered into a definitive merger agreement providing for the acquisition by TDBFG of all of the outstanding shares of common stock of TD Banknorth not currently owned by TDBFG for US$32.33 per share in cash. - Sun American Bancorp to Acquire Independent Community Bank
Sun American Bancorp (“Sun American”) (AMEX: SBK), the bank holding company for Sun American Bank, and Independent Community Bank (“Independent”) today announced that they have entered into a definitive agreement and plan of merger for Sun American to acquire Independent for a mixture of cash and SBK common stock for an aggregate value of $41 million. - Stifel Financial Corp. Announces Bank Acquisition
Stifel Financial Corp. (NYSE: SF) and privately held First Service Financial Company (FSFC) announced today that Stifel has entered into a definitive agreement to acquire FSFC and its subsidiary FirstService Bank. FirstService Bank is a St. Louis-headquartered, Missouri chartered bank, with approximately $130 million in assets. Total consideration in the transaction will be approximately $38 million in cash, representing two times FSFC's fully converted equity at September 30, 2006. - Congressman Barney Frank Addresses Bank Consortium to Discuss Need for Balanced Regulations
Congressman Barney Frank met with the Consortium on Bank Regulation to review his agenda as the incoming Chair of the House Financial Services Committee to a gathering of bankers. “The enemy of good regulation is bad regulation and excessive regulation,” said the incoming chairman of the House Financial Services Committee to the attendee’s. - Fitch Affirms Toronto-Dominion Bank; Places TD Banknorth On Watch Positive
Fitch Ratings has affirmed the 'AA-/F1+' long- and short-term ratings for Toronto-Dominion Bank (TD). TD's Rating Outlook remains Stable. Fitch has also placed TD Banknorth Inc. (BNK; 'A/F1') and its principal subsidiaries on Rating Watch Positive. - Creekridge Capital Announces Warehouse and Pool Facility Agreement with M&I Bank
Creekridge Capital, LLC, a nationwide independent equipment leasing provider with a focus on healthcare and technology, announced today that it has closed on an additional $30 million warehouse and pool facility agreement with M&I Bank. - U.S. Bank to Launch Contactless Credit Card Pilot in Denver
A group of U.S. Bank customers in the Denver area will soon be able to use a new “contactless” feature with their U.S. Bank Visa Credit Cards that allows them to quickly pay for purchases by holding their card in very close proximity to a secure reader at checkout instead of swiping it or handing it to a cashier. - Patriot National Bank Completes Purchase of Manhattan Branch
Patriot National Bancorp, Inc. (NASDAQ Global Market Cap: PNBK), parent company of Patriot National Bank, today announced that Patriot National Bank has completed its previously disclosed acquisition of a small branch office and related deposits at 45 West End Avenue, New York, New York, from Millennium bcpbank, a national bank headquartered in Newark, New Jersey. - Simply Self Storage Becomes the Largest Non-Public Self Storage Operator in the Country
Simply announced that it has acquired a self storage portfolio from EZ Storage consisting of 48 properties in 6 states. The portfolio consisted of 3.7 million rentable square feet and 30,800 units in Massachusetts, Michigan, Minnesota, Ohio, Texas, and Rhode Island. - Ten Virginia Banks Announce Shareholder Approval to Merge Together
Blue Ridge Bank, Floyd, Virginia; Central National Bank, Lynchburg, Virginia; Community National Bank, South Boston, Virginia; First National Bank, Rocky Mount, Virginia; First National Exchange Bank, Roanoke, Virginia; Mountain National Bank, Galax, Virginia; Patrick Henry National Bank, Martinsville, Virginia; Patriot Bank, Fredericksburg. - General Economic Growth in Russia Lifts Banking Sector
Research and Markets (http://www.researchandmarkets.com/reports/c45018) has announced the addition of Russia: Small Banks Exit; Largest Banks Take Eyes Off Retail to their offering. - Norwegian BankID Scheme Based on Cybertrust PKI Solution Wins eema Award for Excellence
Cybertrust®, the global information security specialist, can reveal that its UniCERT® public key infrastructure (PKI) software is at the heart of the Norwegian BankID scheme, winner of the Award for Excellence in Secure Electronic Business. - BlackRock CEO to Speak at Merrill Lynch Banking & Financial Services Conference
Laurence D. Fink, Chairman and Chief Executive Officer, of BlackRock, Inc. (NYSE: BLK) is scheduled to speak at the Merrill Lynch Banking & Financial Services Conference in New York on Wednesday, November 15, 2006 at 10:30 a.m. (eastern time). - Deutsche Bank Appointed as Depositary Bank for the Global Depositary Receipt Programs Of JSC
Deutsche Bank (NYSE:DB)(GER:DBK)(LSE:DBK) today announced its appointment as Depositary Bank for the sponsored Rule 144A and Regulation S Global Depositary Receipt (GDR) programs of JSC SeverStal (SeverStal). - Cardinal Bank Partners With Armstrong Elementary School In Reston To Launch School Bank In Fairfax
Cardinal Bank is pleased to announce the opening of its second elementary school bank in Fairfax County at Armstrong Elementary School in Reston. The grand opening assembly and ribbon cutting ceremony for the school bank, named by the students, “Eagles’ Nest Egg Bank”, will take place at 2:15 PM on Tuesday afternoon, November 14, 2006. - Great Basin Bank Only Nevada Owned Bank to Receive Full Service SBA Delegated Lender Status
Dennis D. Wengert, Nevada Deputy District Director of the U.S. Small Business Administration (SBA), presented Great Basin Bank of Nevada (GBB) with a certificate acknowledging GBB’s approval as an SBA Community Express lender. GBB is the only Nevada owned bank to receive this status as a full service SBA delegated lender. - Washington Mutual to Present at Merrill Lynch Banking & Financial Services Investor Conference
Washington Mutual, Inc. (NYSE:WM) Chairman and CEO Kerry Killinger will present at Merrill Lynch Banking & Financial Services Investor Conference in New York on Thursday, November 16, 2006 at 1:45 pm ET. - Compass Bancshares to Present at Merrill Lynch Banking & Financial Services Investor Conference
Compass Bancshares, Inc., (NASDAQ: CBSS) today announced that D. Paul Jones, Jr., chairman and chief executive officer, will make a presentation at the Merrill Lynch Banking & Financial Services Investor Conference at The Pierre Hotel in New York on Tuesday, November 14 beginning at 3:25 p.m. Eastern Time. - Conditional Redemption of CorTS Trust for Allstate Financing II, Corporate-Backed Trust Securities
U.S. Bank Trust National Association, as Trustee (the “Trustee”), under the Base Trust Agreement dated as of December 15, 2000, as supplemented by the CorTS Supplement 2001-2 dated as of May 9, 2001, between Structured Products Corp. and the Trustee, has received notice that Allstate Financing II has elected to redeem the term assets of the trust on December 1, 2006 (the “Redemption Date”) at 103.915%. - First Bank Announces Completion of the Acquisition of Three Branch Offices of MidAmerica National Ba
First Bank, an indirect subsidiary of First Banks, Inc. (“First Banks”) (NASDAQ:FBNKM) (NYSE:FBSPRA), headquartered in St. Louis, Missouri, announces the completion of the acquisition of MidAmerica National Bank’s three banking offices located in Peoria and Bloomington. - Roma Financial Corporation Reports Earnings for Nine and Three Months Ended September 30, 2006
Roma Financial Corporation (NASDAQ GSM: ROMA) (the “Company”), the holding company of Roma Bank, announced today its third quarter results of operations. The Company’s consolidated net income for the three and nine months ended September 30, 2006 was $101 thousand and $3.1 million, respectively. - Patriot National Bancorp Reports Record Quarterly Earnings
Patriot National Bancorp, Inc. (NASDAQ Capital Market “PNBK”) the parent of Parent National Bank, reported record quarterly earnings for the quarter ended September 30, 2006 of $671,000 ($.20 diluted income per share) which represents an increase of 139% over the net income of $281,000 ($0.11 diluted income per share) reported for the quarter ended September 30, 2005. For the nine month period September 30, 2006. - Online Banking Report Publishes ''2007 Planning Guide: Embracing Web 2.0''
Financial services publisher Online Banking Report just published its twelfth annual planning guide. The comprehensive 2007 edition is packed with more than 1000 marketing ideas and industry examples. - Fitch Affirms MMCapS Funding XVII, Ltd.
Fitch affirms five classes of notes issued by MMCapS Funding XVII, Ltd. (MMCapS XVII). These affirmations are the result of Fitch's review process and are effective immediately:
--$162,000,000 class A-1 at 'AAA';
--$19,500,000 class A-2 at 'AAA';
--$33,000,000 class B at 'AA';
--$35,475,000 class C-1 at 'A'; - Malaga Financial Corporation Reports Increased Earnings for Nine Months Ended September 30, 2006
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, today announced earnings for the nine months ended September 30, 2006 were $3,913,000, an increase of $420,000 or 12% from the earnings of $3,493,000 for the nine months ended September 30, 2005. - Commerce National Bank Appoints Emma Ramirez Assistant Vice President Commercial Lending
Commerce National Bank (OTCBB:CNBF), a community business bank, today announced that Emma Ramirez has been appointed Assistant Vice President in the bank’s rapidly expanding commercial lending and SBA area. - First Banks, Inc. and Royal Oaks Bancshares, Inc. Announce Signing of Agreement for Acquisition
First Banks, Inc. (“First Banks”) (NASDAQ:FBNKM) (NYSE:FBSPRA) and Royal Oaks Bancshares, Inc. (“Royal Oaks”), a bank holding company, jointly announce the signing of an Agreement and Plan of Reorganization that provides for First Banks to acquire Royal Oaks and its wholly owned banking subsidiary, Royal Oaks Bank, ssb, a Texas savings bank. - Professional Business Bank Reports 138% Increase in Quarterly Earnings (Unaudited)
Professional Business Bank (the Bank) (OTCBB:PBBK) reported 2006 third quarter net income of $277,000 or $0.14 per diluted share. This represents a 138% increase over second quarter 2006. For the same period in 2005, the net income was $386,369 or $0.20 per diluted share. - Center Financial to Present at Howe Barnes Hoefer & Arnett’s 3rd Annual Asian Banking Conference
Center Financial Corporation (NASDAQ:CLFC) today announced that Chief Executive Officer (Paul) Seon-Hong Kim and Chief Financial Officer Patrick Hartman will present a company overview at the Howe Barnes Hoefer & Arnett 3rd Annual Asian Banking Conference at 10:45 a.m. EST on Tuesday, November 14th, at the Jumeirah Essex House in New York City. - Banking Industry Experts Fighting Against Internal and External Fraud to Present First-Hand Accounts
Industry experts will come together for the first time to participate in a conference designed for banking industry professionals called, BankAudit, on February 14-15, 2007 in Orlando, Fl. The conference is produced by the MIS Training Institute, the leading internal audit event provider. The goal of the conference is to share proven strategies on preventing internal and external fraud among a widespread group of banking industry executives. - Globecomm Systems Enters Into Broad-Based Credit Facility with Citibank
Globecomm Systems Inc. (NASDAQ:GCOM), a global provider of end-to-end value-added satellite-based communications solutions, announced today Citibank, N.A. and the Company entered into a secured credit facility. - U.S. Bank Celebrates One-Year Anniversary of MoneyGram Alliance with Special Offer
U.S. Bank has seen an increase in business in its retail branch offices as a result of its alliance with MoneyGram, which it began offering in all U.S. Bank locations one year ago. U.S. Bank is MoneyGram’s largest financial institution money transfer agent in the United States. - Veteran Banking Strategist Brian D. Kaufman Joins North American Capital Markets
North American Capital Markets (NACM), a Minneapolis-based investment banking firm and broker/dealer specializing in the banking industry, announced today that Brian D. Kaufman has joined the firm as a Managing Director. Mr. Kaufman has extensive experience and relationships throughout the Northeast and other areas of the United States. - Signature Bank Announces Largest Privately Funded De Novo Capital Raise in Illinois
Signature Bancorporation, Inc. today announced it has successfully secured $23.8 million in capital from individual investors to form Signature Bank. This funding represents the largest privately funded de novo bank capital raise in Illinois. Signature Bank is headquartered in Chicago. - Silver State Bank- Leading SBA Lender in Dollar Volume
According to recent lending statistics Silver State Bank is the number one Small Business Administration lender in Nevada as ranked by dollar volume. Silver State Bank closed $24.4 million in SBA 7(a) loans in Nevada during fiscal year 2006. - Fitch Affirms Washington Mutual Bank Credit Card Seller/Servicer Rating
Fitch Ratings affirms Washington Mutual Bank's (WMB) ABS Seller/Servicer rating for credit card origination and servicing of 'ABPS/S 3+' (rating was originally assigned to Providian National Bank). The rating is based on the company's experienced management team and satisfactory operational risk management programs. - Sun American Bancorp Earns $491,000 in Third Quarter of 2006
Sun American Bancorp (AMEX: SBK), the bank holding company for Sun American Bank, today reported that its expanding branch network generated strong loan growth, contributing to third quarter profits. Net income was $491,000, or $0.02 per diluted share, in the third quarter of 2006, compared to $781,000, or $0.05 per diluted share, in the third quarter a year ago. - UBS Reports Third Quarter 2006 Result of CHF 2,199 Million
UBS reports net profit attributable to its shareholders of CHF 2,199 million in third quarter 2006, down 21% from CHF 2,770 million in the same period a year earlier. Net profit from continuing operations was down 15%. - People’s Bank Declares Quarterly Cash Dividend
The board of directors of People’s Bank of Commerce (OTCBB:PBCO) announced that it had declared it’s third quarterly cash dividend -- $0.10 per share. The $0.10 dividend will be paid on December 1, 2006, to shareholders of record November 15, 2006. - Atlantic Coast Federal Corporation Reports Third Quarter Results
Atlantic Coast Federal Corporation (NASDAQ:ACFC), the holding company for Atlantic Coast Bank, today announced financial results for the third quarter and nine months ended September 30, 2006. - Jefferson Security Bank Announces Record Earnings for the Third Quarter and First Nine Months
Jefferson Security Bank (OTCBB:JFWV) reported net income of $602,227 for the third quarter ended September 30, 2006, an increase of 4.0% or $22,990 over the net income for the corresponding quarter ended September 30, 2005 of $579,237. Earnings per share were $2.01, an increase of 4.1% from the $1.93 for the third quarter of 2005. - Legacy Bank of Florida Announces New Board Member
Legacy Bank of Florida has announced Michael W. Moskowitz as its newest member to the Board of Directors. - Scott Carter Joins West Georgia National Bank as Assistant Vice President, Commercial Lender
Rocky Lipham, President and Chief Executive Officer of West Georgia National Bank, a subsidiary of WGNB Corp., announced the hiring of Scott Carter as Assistant Vice President, Commercial Lender at the Maple Street Office. - Cornerstone Community Bank Implements VSoft’s eDesk
VSoft Corporation, a global information and technology provider of process-improvement tools for financial institutions, announced that Cornerstone Community Bank, a $350 million asset bank serving the Chattanooga area with five branches, has chosen to implement its eDesk Capture, Genesis (Check 21), Archive, Returns, and Merchant Capture solutions. - U.S. Bancorp to Present at the Morgan Stanley Under the Hood Conference: Battle of the Payments
U.S. Bancorp (NYSE:USB) announced today that Pamela Joseph, vice chairman of U.S. Bancorp and chief executive officer of NOVA Information Systems, a wholly owned subsidiary of U.S. Bancorp, is scheduled to present at the Morgan Stanley Under the Hood Conference: Battle of the Payments Networks. - Frost National Bank’s Paul Olivier to Chair
Thirty-year banking veteran Paul Olivier has been elected chairman of PULSE EFT Association LP’s Financial Institution Oversight Committee, comprised of prominent financial industry executives. He succeeds Jerry Host, president–general banking, Trustmark National Bank, as chairman of the Oversight Committee. - ACS Adds U.S. Bank as Custodial Choice for HSA Partners and Clients
U.S. Bank announced today that its U.S. Bank Health Savings Account (HSA) Solution will be offered by Affiliated Computer Services, Inc. (NYSE:ACS) as an additional custodian option as part of the ACS HSA SolutionTM product. - U.S. Bank Canada to Purchase Visa Purchasing and Corporate Card Portfolio from CIBC
U.S. Bank Canada today announced it has acquired CIBC's Visa purchasing and Visa corporate credit card portfolio. Financial terms were not disclosed as the transaction is not material to either company. U.S. Bank Canada is a division of U.S. Bank, which is a subsidiary of U.S. Bancorp (NYSE:USB), one of the world's largest issuers of Visa commercial cards. - Vigo Continues Expansion of Money Transfer Service with New Payment Locations in Ukraine
Vigosm, an affiliate of the Western Union Company and a worldwide provider of electronic money transfer services, announces the expansion of its presence in Ukraine. Consumers can now pick up Vigo money transfer transactions sent from the United States to more than 1,800 of PrivatBank’s Ukraine locations. - Citizens Bancorp Announces 3rd QTR and YTD Earnings
Citizens Bancorp (the “Company”) (OTCBB:CZNB), the holding company of Citizens Bank of Northern California (the “Bank”), announced record earnings for the nine month period ended September 30, 2006, net income was $2,176,000, a 31% increase compared to $1,657,000 in the same period in 2005. The Company earned $1.23 and $0.96 per diluted share for the nine months ended September 30, 2006 and 2005, respectively. - Greater Bay Bancorp Reports Financial Results for the Third Quarter of 2006
Greater Bay Bancorp (Nasdaq:GBBK), a $7.3 billion in assets financial services holding company, today announced results for the third quarter and nine months ended September 30, 2006. - Online Banking Not Attracting New Users at Same Rate; Why?
According to the latest Pew Internet and American Life Project survey, online banking adoption didn't grow last year anywhere near the rate it did in the previous two years. How can this be when the benefits of online banking (to consumers and banks alike) are so clear? - Dynamic Solutions International Eliminates West Suburban Bank’s Tape Storage System
Dynamic Solutions International (DSI), a leading international provider of data storage solutions and comprehensive professional services for mid- to large-size enterprises, today announced that West Suburban Bank, a full-service bank serving Illinois, has replaced its tape system with DSI’s virtual tape appliance, significantly reducing the time and resources required for backup. - Dynamic Card Solutions’ Instant Issue Technology Implemented at Commonwealth Bank & Trust Branches
Dynamic Card Solutions (DCS) today announced that Commonwealth Bank & Trust Company has implemented CardWizard®, DCS’ industry-leading instant issue and PIN selection software application, throughout its branch locations. - New England Bancshares, Inc. Reports Earnings for the Three and Six Months Ended September 30, 2006
New England Bancshares, Inc. (the “Company”) (Nasdaq GM: NEBS), the holding company for Enfield Federal Savings and Loan Association (the “Bank”), reported net income for the quarter ended September 30, 2006 of $240,000, or $0.05 per diluted share. - Discovery Bank Plans Branch Office in Los Angeles
Discovery Bank, a wholly owned subsidiary of Discovery Bancorp (OTCBB:DVBC), has filed applications with the California Department of Financial Institutions and the Federal Deposit Insurance Corp. to open a full service branch office in downtown Los Angeles. - Bryn Mawr Bank Corporation Appoints New Board Member
Britton H. Murdoch, Founder and Managing Director, Strattech Partners, LLC, Radnor, PA, has been elected to the Board of Directors of Bryn Mawr Bank Corporation and its wholly-owned subsidiary, The Bryn Mawr Trust Company. Strattech Partners is a business consulting and investing firm specializing in CFO and strategic consulting services as well as investing in growth-stage technology, telecom and other industries principally in the Business to Business sector. - MB Financial, Inc. Reports Net Income of $14.7 Million for the Third Quarter of 2006
MB Financial, Inc. (NASDAQ: MBFI) (the Company), the holding company for MB Financial Bank, N.A., Oak Brook Bank and Union Bank, N.A., announced today third quarter results for 2006. The Company realized net income of $14.7 million for the third quarter of 2006 compared to $16.6 million for the third quarter of 2005, a decrease of 11.4%. Fully diluted earnings per share for the third quarter of 2006 decreased 19.3% to $0.46 compared to $0.57 per share in the third quarter of 2005. - Fitch Rates New Jersey EDA School Facilities Construction Bonds, 2006 Ser R 'AA-/F1+'
Fitch Ratings has assigned a rating of 'AA-/F1+' to the $500,000,000 New Jersey Economic Development Authority, school facilities construction bonds, 2006 series R, consisting of $300,000,000 2006 sub-series R-1, $100,000,000 2006 sub-series R-2, and $100,000,000 2006 sub-series R-3. The rating is based on an irrevocable, direct-pay letter of credit (LOC) severally provided by The Bank of Nova Scotia, acting through its New York Agency, and Lloyds TSB Bank plc, acting through its New York Branch - Great Florida Bank Reports Third Quarter Earnings
Great Florida Bank (GFB), today announced financial results for the third quarter 2006. For the three-months ended September 30, 2006, the Bank reported pretax income of $1.1 million, compared to a pretax loss of $661 thousand for the third quarter 2005. Pretax income for the nine months ended September 30, 2006 was $1.6 million compared to a pretax loss of $2.8 million reported for the first nine months of 2005. - Logansport Financial Corp. Reports Earnings for the Three and Nine Months Ended September 30, 2006
Logansport Financial Corp., (Pink Sheets:LOGN), parent company of Logansport Savings Bank, reported net earnings for the three and nine months ended September 30, 2006.
Net earnings for the three months ended September 30, 2006 totaled $175,000, compared to the $376,000 in net earnings reported for the three months ended September 30, 2005. - ICICI Bank Announces Performance Review – Quarter Ended September 30, 2006
The Board of Directors of ICICI Bank Limited (NYSE: IBN) at its meeting held at Mumbai today, approved the audited accounts of the Bank for the quarter ended September 30, 2006 (Q2-2007). - Bar Harbor Bankshares Reports Third Quarter 2006 Earnings
Bar Harbor Bankshares (AMEX:BHB) the parent company of Bar Harbor Bank & Trust (the “Bank”), today announced net income of $2.0 million for the quarter ended September 30, 2006 or fully diluted earnings per share of $0.63, compared with $1.8 million or fully diluted earnings per share of $0.58 for the third quarter of 2005, representing increases of $142 thousand and $0.05, or 8% and 9%, respectively. - Chugg Joins Advantage Bank as Human Resources Director
Advantage Bank, the banking subsidiary of Camco Financial Corporation, has announced that James W. Chugg, SPHR was appointed to the position of Assistant Vice President, Director of Human Resources for Advantage Bank. Richard C. Baylor, president and CEO of Camco and Advantage Bank made the announcement. - Bay Commercial Bank Reports Third Quarter 2006 Results
Bay Commercial Bank (OTCBB:BCML) today announces its 3rd quarter and year to date 2006 operating results. - Patapsco Bancorp, Inc. Announces 1st Quarter Earnings and Election of Directors
Patapsco Bancorp, Inc. (OTC, Electronic Bulletin Board:PATD), the parent company of The Patapsco Bank, announced earnings of $356,000 or $.19 fully diluted earnings per share for the Company’s first quarter ended September 30, 2006 compared to earnings of $313,000 or $.16 fully diluted earnings per share for the comparable period in the prior year. This represented a 13.7% increase in earnings and fully diluted earnings per share for the period. - Tasty Baking Company Declares Regular Quarterly Cash Dividend
Tasty Baking Company (Nasdaq:TSTY) today announced that its Board of Directors at its meeting on October 26, 2006, declared a regular quarterly cash dividend of $0.05 per share on all outstanding shares of common stock. The dividend is payable December 1, 2006, to shareholders of record as of the close of business on November 10, 2006. - Porter Bancorp, Inc. Announces Record Earnings for the Third Quarter 2006
Porter Bancorp, Inc. (NASDAQ: PBIB), parent company of PBI Bank, with offices in Louisville and throughout central Kentucky, today reported results for the third quarter and nine months ended September 30, 2006. The Company reported net income of $3.8 million and $10.6 million for the three months and nine months ended September 30, 2006, respectively. - CapitalSouth Bancorp Announces Third Quarter 2006 Results
CapitalSouth Bancorp (“CapitalSouth”) (NASDAQ-GM: CAPB) today announced results for the third quarter of 2006. Total assets at the end of the quarter were $460.6 million, a 17.8% increase over the $390.9 million at the end of the third quarter 2005. Deposits grew 13.8% during the same period, ending the third quarter 2006 at $375.6 million. Stockholders’ equity ended the third quarter at $40.5 million, or $13.63 per share, up $1.72 from September 30, 2005. - COASTAL BANKING COMPANY Reports Quarterly Earnings
Coastal Banking Company, Inc., (OTCBB: CBCO) holding company for Lowcountry National Bank, Beaufort, South Carolina and First National Bank of Nassau County, Fernandina Beach, Florida, reported financial performance for the quarter ended September 30, 2006. - United Community Bancorp Announces Cash Dividend
United Community Bancorp (the “Company”) (Nasdaq:UCBA) today announced that its Board of Directors declared a quarterly cash dividend of $0.07 per share, payable on or about November 30, 2006 to stockholders of record as of the close of business on November 14, 2006. - MB Financial, Inc. Announces Schedule for Third Quarter 2006 Earnings Release and Conference Call
MB Financial, Inc., (Nasdaq:MBFI) today announced it will release its third quarter 2006 earnings on Monday, October 30, 2006 at 8:00 a.m. (Central Daylight Time). A conference call will be held the same day at 11:00 a.m. (Central Daylight Time). Individuals interested in listening should call 1.866.831.6243 and enter Passcode #95031534. A simultaneous audio-only webcast of the conference call may be accessed via the Company’s web site at www.mbfinancial.com under Investor Relations. - Pacific Commerce Bank Announces Third Quarter Results, Declaring Quarter a ''Turning Point''
Pacific Commerce Bank, N.A. (OTCBB:PFCI), announced financial results today for its recently concluded Third Quarter 2006. For the three-month period ending September 30, 2006, the bank reported a loss of approximately $251,000, compared to a loss for the same period last year of $200,000. Year-to-date losses were $765,000 compared to a loss of $576,000 for the same period last year. Total assets at September 30, 2006 rose to $95,758,000, compared to year earlier assets totaling $59,651,000. - Jefferson Bancshares, Inc. Announces Earnings for the Quarter Ended September 30, 2006
Jefferson Bancshares, Inc. (Nasdaq: JFBI), the holding company for Jefferson Federal Bank, announced net income of $290,000, or $0.05 per diluted share, for the quarter ended September 30, 2006 compared to net income of $785,000, or $0.12 per diluted share, for the quarter ended September 30, 2005. - E*TRADE FINANCIAL Receives Approval from the Federal Reserve Board to Operate E*TRADE Clearing
E*TRADE FINANCIAL Corporation (NYSE: ET) today announced it has received approval from the Federal Reserve Board to make E*TRADE Clearing an operating subsidiary of E*TRADE Bank. - Atlantic Coast Federal Corporation Announces Branch Opening in Julington Creek, Florida
Atlantic Coast Federal Corporation (NASDAQ: ACFC), the holding company for Atlantic Coast Bank, today announced the opening of a new branch office in St. Johns County, midway between Jacksonville and St. Augustine. The new branch is Atlantic Coast Bank's eighth location in the greater Jacksonville area. - Community Bank Reports 2006 Third Quarter Earnings of $5.4 Million
Community Bank, a commercial bank with assets in excess of $2.0 billion, today reported net income for the third quarter of 2006 of $5.4 million, representing a decrease of $400k, or 6.8% over the same quarter last year. The decline in earnings was primarily attributed to net interest margin compression. - Fitch Rates CA Infr & Econ Dev Bank (Westmark School) 2006 VRDBs 'AA-/F1+'
Fitch assigns a rating of 'AA-/F1+' to the $7,000,000 California Infrastructure and Economic Development Bank variable-rate demand revenue bonds (The Westmark School Project), series 2006. The rating is based on the support provided by an irrevocable, direct-pay confirming letter of credit (CLOC) issued by The Bank of New York. - TD Banknorth Inc. to Present at the BancAnalyst Association of Boston 2006 Conference in Boston
TD Banknorth Inc. (NYSE: BNK) announced today that Stephen J. Boyle, Executive Vice President and Chief Financial Officer, will present at the BancAnalyst Association of Boston 2006 Conference at the Langham Hotel, 250 Franklin Street, in Boston at 4:50 p.m. on Thursday, November 2, 2006. - Orange County Business Bank Announces Earnings
Orange County Business Bank (the “Bank”) (OTCBB:OCBB) announced financial results for the three and nine months ended September 30, 2006.
The Bank’s pre-tax earnings more than doubled from the previous year for the first nine months from $713 thousand to $1.44 million for 2005 and 2006, respectively. This increase in operating income was a direct result of the continued growth of quality assets for the Bank. - Bank of Hawaii Corporation Third Quarter 2006 Financial Results
Bank of Hawaii Corporation (NYSE: BOH) today reported diluted earnings per share of $0.93 for the third quarter of 2006, up from $0.85 in the third quarter of 2005 and up from $0.73 in the second quarter of 2006. Net income for the third quarter of 2006 was $46.9 million, up $2.1 million from $44.8 million in the third quarter of 2005 and up $9.7 million from $37.2 million in the second quarter of 2006. - Porter Bancorp Inc. Appoints New Director
Porter Bancorp Inc. (Nasdaq: PBIB) announced the recent election of Glenn Hogan as a director of the company. The Porter Bancorp Board of Directors unanimously approved Hogan’s appointment at the company’s October 19th board meeting. - RDSI Banking Systems to Offer Goldleaf Financial Solution’s Remote Deposit Express
Goldleaf Financial Solutions, Inc. (NASDAQ:GFSI), a provider of technology solutions for financial institutions, has signed a strategic partnership agreement with Defiance, Ohio-based RDSI Banking Systems. Under the terms of the agreement, RDSI, a regional provider of financial data processing services for the commercial banking industry, will resell Goldleaf’s Remote Deposit Express (RDX) to its customers. - Capital Pacific Bank Reports Strong Growth in Third Quarter
Capital Pacific Bank (OTCBB:CPFB) has reported a solid third quarter marked by positive momentum in deposits, earnings growth, and loan growth that put Portland’s emerging business bank over the $100 million milestone. - BCB Bancorp, Inc. Announces Record Third Quarter Earnings
BCB Bancorp, Inc., Bayonne, N.J. (NASDAQ: BCBP), announced unaudited net earnings of $1,465,000 for the three months ended September 30, 2006, an increase of $274,000 or 23.0%, compared to $1,191,000 for the three months ended September 30, 2005. The Company further reported unaudited net earnings of $4,209,000, for the nine months ended September 30, 2006, an increase of $664,000 or 18.7% from $3,545,000 for the nine months ended September 30, 2005. - Premier Service Bank Announces Third Quarter Financial Results
Premier Service Bank (OTCBB:PSBK), a California state-chartered bank headquartered in Riverside, California, released the results of its operations for the third quarter of 2006. - Pacific Commerce Bank Announces Appointment of Richard Koh as Chief Financial Officer
Pacific Commerce Bank, N.A. (OTCBB:PFCI), announced today the appointment of Richard Koh as Chief Financial Officer of the bank. Mr. Koh, who was previously with the Center Bank in charge of their accounting department, was appointed CFO by the bank’s Board of Directors effective October 16, 2006. - Derivative Fitch Affirms U.S. Capital Funding III, Ltd.
Derivative Fitch affirms four classes of notes issued by U.S. Capital Funding III, Ltd. (U.S. Capital III). These affirmations are the result of Fitch's review process. - Fitch Revises FirstMerit Corporation's Outlook to Negative; Affirms at 'A-/F1'
Fitch has revised the Rating Outlook for FirstMerit Corporation (Nasdaq:FMER) and its principal subsidiary, FirstMerit Bank, N.A., to Negative from Stable. Fitch has also affirmed all current ratings for FMER and its banking subsidiary, (Long-term Issuer Default Rating 'A-'/ Short-term rating 'F1'). A complete list of ratings follows at the end of this release. - City National Bank to Host Free Webinar with CNBC’s Ron Insana and City National’s Richard A. Weiss
City National Bank, California’s Premier Private and Business Bank®, will host a free Web seminar on November 9, 2006 with CNBC’s Ron Insana and City National’s Richard A. Weiss to talk about “The Message of the Markets.” - Seattle Bank Announces Elected Directors for 2007
The Federal Home Loan Bank of Seattle (Seattle Bank) today announced the results of its election of 2007 directors representing Alaska, Hawaii, and Utah.
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