Industry News

Ares Management, L.P. Reports Second Quarter Results
Manulife Financial Corporation has appointed Gretchen Garrigues executive vice president and global chief marketing officer, the company said. Garrigues will be responsible for Manulife's global marketing and communications, focusing on global branding as well as ensuring that marketing strategies and the customer experience support global business growth. Garrigues serves as a member of Manulife's executive committee, head of the global marketing leadership team."/>
Manulife appoints global chief marketing officer
Macatawa Bank Corporation has declared a quarterly cash dividend of USD0.03 per share on its common stock, the company said. The dividend is to be paid on August 30 to shareholders of record as of August 15, 2016.. Macatawa Bank offers banking, retail and commercial lending, wealth management and ecommerce services to individuals, businesses and governmental entities from a network of 26 full-service branches located throughout communities in Kent,..."/>
Macatawa Bank declares dividend
MVB Financial Corp. has reported net income of USD6.49 million, which included USD2.5 million of income from continuing operations, the company said. At the end of the second quarter, MVB announced the sale of substantially all of the assets of its wholly owned subsidiary, MVB Insurance, LLC, to USI Insurance Services. MVB and MVB Insurance will retain the assets related to, and continue to operate, its title insurance business."/>
MVB Financial reports Q2 2016 USD6.5m net income
Macatawa Bank Corporation has reported USD3.7 million in second quarter 2016, up 16 percent from USD3.2 million in the second quarter 2015, the company said. Total loans were up USD81.8 million, or 7 percent, since the second quarter 2015.. Net interest income for the second quarter 2016 totaled USD11.6 million, a decrease of USD130, 000 from the first quarter 2016 and an increase of USD763, 000 from the second quarter 2015.."/>
Macatawa Bank reports USD3.7m net income in Q2 2016
First BancTrust Corporation has declared a 28.57 percent increase in the company's quarterly cash dividend, the company said. The quarterly dividend will increase from USD0.07 to USD0.09 per common share, payable September 16, 2016 to stockholders of record at the close of business on September 2, 2016.. First BancTrust Corporation is a holding company that owns all of the capital stock of First Bank& Trust, IL, an Illinois-chartered state bank that..."/>
First BancTrust declares quarterly dividend
First BancTrust Corporation has reported 2016 second quarter net income of USD1.56 million compared to USD1.44 million for the same period in the prior year, representing a 7.67 percent increase in net income available to common stockholders, the company said. Total assets of the company as of June 30, 2016 were USD446.30 million compared with USD450.30 million at December 31, 2015, a decrease of USD4.00 million or 0.89 percent. Total loans net of allowance for loan losses for..."/>
First BancTrust reports USD1.5m net income in Q2 2016
MetroCity Bankshares Inc. has qualified to trade on OTC Markets Group, Inc., the company said. Hovde Group, LLC serves as MetroCity Bankshares OTCQX advisor. Metro City Bankshares, Inc. is the holding company of Metro City Bank, headquartered in Doraville, GA."/>
MetroCity Bankshares qualifies to trade on OTCQX
Greenhill Management releases investor presentation
Saratoga Investment Corp., a business development company, has declared a special dividend of USD0.20 per share, the company said. The dividend is payable on September 5, 2016 to all stockholders of record at the close of business on August 24, 2016.. Saratoga Investment Corp. is a specialty finance company that provides customized financing solutions to US middle-market businesses."/>
Saratoga Investment declares special dividend
Cohen & Steers appoints head of funds for EMEA
Great Southern Bancorp, Inc. has commenced a public offering of USD50, 000,000 of its fixed-to-floating rate subordinated notes due 2026, the company said. The company said it intends to use the net proceeds of the offering for general corporate purposes, including contribution of capital to the bank to support organic growth and opportunistic acquisitions. Great Southern Bancorp is the holding company for Great Southern Bank and offers banking services through 106 retail..."/>
Great Southern Bancorp commences public offering
Northwest Indiana Bancorp, the parent company of Peoples Bank, reported a 13.5 percent year-over-year increase in earnings to $2.2 million in the second quarter. "Management continues to carry out the bank's strategic plan, and the three- and six-month operating results reflect that," CEO Benjamin Bochnowski said. "Improved net interest income comes from strong loan growth, along with continued success in growing our deposit relationships.""/>
Peoples Bank profit up 13.5 percent in 2nd quarter [The Times, Munster, Ind.]
New Residential Investment Corp. and Walter Investment Management Corp. today announced an agreement for the purchase and sale of approximately $35 billion UPB of seasoned conventional mortgage servicing rights for a purchase price of approximately $231 million. In addition, New Residential, Walter and Walter Capital Opportunity, LP have agreed in principle for the purchase and sale of substantially all of the assets of Walter Capital Opportunity,..."/>
New Residential and Walter Investment Announce Mortgage Servicing Rights Purchase Agreement and Subservicing Agreement
Walter Investment Management Corp. today announced operational highlights and financial results for the quarter ended June 30, 2016.. Second Quarter 2016 Operational Highlights and Recent Developments. Capital efficiency Entered into a series of agreements with a subsidiary of New Residential Investment Corp for the sale of mortgage servicing rights for approximately $231 million, which Ditech will sub-service, and a forward flow..."/>
Walter Investment Management Corp. Announces Second Quarter 2016 Highlights And Financial Results
Lexington Realty Trust, a real estate investment trust focused on single-tenant real estate investments, today announced results for the second quarter ended June 30, 2016.. Generated Net Income attributable to common shareholders of $46.8 million, or $0.20 per diluted common share. Generated Adjusted Company Funds From Operations available to all equityholders and unitholders- diluted of $71.8 million, or $0.29 per diluted common share. Disposed of..."/>
Lexington Realty Trust Reports Second Quarter 2016 Results
Newcastle Investment Corp. today reported the following information for the second quarter ended June 30, 2016.. GAAP Income of $2 million, or $0.02 per basic share Core Earnings of $14 million, or $0.21 per basic share Adjusted Funds from Operations of $11 million, or $0.16 per basic share. SECOND QUARTER AND SUBSEQUENT HIGHLIGHTS."/>
Newcastle Announces Second Quarter 2016 Results
New York REIT, Inc., a publicly traded real estate investment trust that acquires income-producing commercial real estate, including office and retail properties, in New York City, announced today its financial and operating results for the second quarter ended June 30, 2016.. Select Second Quarter Highlights and Subsequent Events. The Company announced the termination of the Master Combination Agreement with The JBG Companies, which, among..."/>
New York REIT Announces Operating Results for Second Quarter 2016
CorEnergy Infrastructure Trust, Inc. today announced financial results for the second quarter ended June 30, 2016.. Delivered Net Income of $0.66 per common share, NAREIT Funds from Operations 1 of $1.10 per share, Funds from Operations 1 of $1.04 per share and Adjusted Funds from Operations 1 of $1.12 per share Declared common stock dividend of $0.75 per share in the second quarter Completed~ $2 million of share repurchases and~ $1 million of convertible debt..."/>
CorEnergy Releases Second Quarter 2016 Results
Resurs' EPS up by 52% in April to June 2016 quarter
Resurs' EPS up by 52% in April to June 2016 quarter
Champion Real Estate Investment Trust, the owner of Three Garden Road and Langham Place, announces its financial results for the six months ended 30 June 2016. Overview For the first half of 2016, Champion REIT recorded solid growth in rental income and distribution per unit by 12.2% and 14.9% year-on-year respectively. Three Garden Road was the key driver for the growth, as the property enters the harvesting stage. Three Garden Road The previous Citibank..."/>
Champion REIT Announces 2016 Interim Results

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