Industry News

Patriot National, Inc., a leading provider of technology and outsourcing solutions, today announced its financial results for the quarter ended June 30, 2016, and confirmed that the special committee of its Board of Directors is in the final stages of its consideration of possible strategic opportunities. The Special Committee, which is comprised of independent directors, is working collaboratively with Ebix, Inc. to explore the..."/>
Patriot National's Special Committee of the Board Closes in on Strategic Opportunity Decision; Company Reports Second Quarter 2016 Results
Post Properties, Inc. today announced that they have entered into a definitive merger agreement under which Post Properties, Inc. will merge with and into MAA, creating a Sunbelt-focused, publicly traded, multifamily REIT with enhanced capabilities to deliver superior value for residents, shareholders and employees. The combined company is expected to have a pro forma equity market capitalization of approximately..."/>
MAA and Post Properties to merge in $17 billion combination
Cincinnati Financial Corporation approved a regular quarterly cash dividend of USD0.48 per share, the company reported on Friday. Shareholders of record as of 21 September 2016 will receive the dividend payment on 14 October 2016.. Cincinnati Financial engages in the property casualty insurance business in the US and operates through five segments, Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life..."/>
Cincinnati Financial announces quarterly dividend of USD0.48 per share
Yintech Investment Holdings Limited, the largest online provider of spot commodity trading services in China by customer trading volume in both 2014 and 2015, today announced that it will report its unaudited financial results for the quarter ended June 30, 2016, on Wednesday, August 24, 2016, before the open of U.S. markets.. Management will host a conference call to discuss the financial results at 8:00 a.m. U.S. Eastern Time on Wednesday, August..."/>
Yintech to Report Second Quarter 2016 Unaudited Financial Results on August 24, 2016
Whitestone REIT today announced that the transformation and repositioning of its Sunset at Pinnacle Peak property in North Scottsdale has substantially increased the occupancy to 96% from 66% at the time the property was acquired in May 2012. Over the same period, net operating income for the property has grown by 43%. The Community Centered Property TM was acquired out of foreclosure for $154 per square foot, which was a significant discount to the..."/>
Whitestone REIT’s Sunset at Pinnacle Peak Property Drives Occupancy to 96% from 66% with “Internet-Resistant” Tenants; Property Net Operating Income Increases 43%  
American Hotel Income Properties REIT LP announced today a cash distribution of US $0.054 per limited partnership unit for the period of August 1, 2016 to August 31, 2016, which is equivalent to US $0.648 per Unit on an annualized basis. The distribution will be paid on September 15, 2016 to unitholders of record at the close of business on August 31, 2016.. The policy of AHIP is to pay cash distributions on or about the 15th day of each month to the unitholders..."/>
American Hotel Income Properties REIT LP Announces August 2016 U.S. Dollar Cash Distribution
Gazit-Globe to Report Second Quarter 2016 Financial Results
Lincoln National Corporation and its affiliates."/>
Lincoln National declares quarterly cash dividend
Lincoln Park Bancorp has reported net income of USD144, 000 or USD0.08 per share, for the quarter ended June 30, 2016, compared to net income of USD269, 000, or USD0.16 per share for the quarter ended June 30, 2015, the company said. Net interest income after provision for loan losses decreased by USD25, 000, or 1.78 percent to USD1, 378,000 for the quarter ended June 30, 2016, compared to USD1, 403,000 for the quarter ended June 30, 2015.. Non-interest income increased by USD13, 000, or..."/>
Lincoln Park Bancorp reports USD144,000 net income for quarter ended June 30, 2016
Wells Fargo commits USD5m to boost Austin-area homeownership
Middlefield Banc Corp. has declared a quarterly cash dividend of USD0.27 per common share. The dividend is payable on September 15, 2016, to shareholders of record on September 2, 2016.. Middlefield Banc Corp., headquartered in Middlefield, Ohio, is a bank holding company with total assets of USD760.1 million at June 30, 2016."/>
Middlefield Banc declares Q3 2016 cash dividend
Primerica, Inc. has approved payment of a quarterly dividend of USD0.18 per share for the second quarter of 2016, which reflects an increase of USD0.01 per share over the previous dividend, the company said. The dividend will be payable on September 16, 2016 to stockholders of record as of August 24, 2016.. Primerica, Inc., headquartered in Duluth, GA, is a leading distributor of financial products to middle income households in North America, with over two..."/>
Primerica declares quarterly dividend
Cincinnati Financial Corporation chairman of the board Kenneth W. Stecher has reported plans to retire from active employment and executive responsibilities at the company within the next six months, the company said. Stecher said he plans to remain as a director and nonemployee chairman of the board. He has held positions as president, chief executive officer and chief financial officer."/>
Cincinnati Financial chairman to retire
Hawthorn Bancshares of Jefferson City, MO has approved a quarterly cash dividend of USD0.05 per share. The dividend is payable October 1, 2016 to shareholders of record at the close of business on September 15, 2016.. Hawthorn Bancshares, Inc., a financial-bank holding company headquartered in Jefferson City, Missouri, is the parent company of Hawthorn Bank of Jefferson City, Missouri with locations in Missouri communities."/>
Hawthorn Bancshares declares cash dividend
First Merchants Corporation has declared a cash dividend of USD0.14 per share. The dividend is payable on September 16, 2016 to shareholders of record on September 2, 2016.. First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana, comprised of First Merchants Bank, which also operates as Lafayette Bank& Trust, and First Merchants Private Wealth Advisors, which operates as a division of First Merchants Bank."/>
First Merchants declares cash dividend
Great Southern Bancorp, Inc. the holding company for Great Southern Bank, has completed the public offering and sale of USD75 million of its 5.25 percent fixed-to-floating rate subordinated notes due August 15, 2026, the company said. The notes were sold at par, resulting in net proceeds, after underwriting discounts and commissions, of approximately USD73.9 million. The company said it intends to use the net proceeds of the offering for general corporate purposes, including..."/>
Great Southern Bancorp completes USD75m subordinated notes offering
MFA Financial, Inc. has declared a USD0.46875 per share dividend on its 7.50 percent Series B cumulative preferred stock for the quarter ending September 30, 2016, the company said. This dividend is payable on September 30, 2016, to preferred stockholders of record as of September 2, 2016.. MFA is a real estate investment trust primarily engaged in the business of investing, on a leveraged basis, in residential mortgage assets, including residential..."/>
MFA Financial reports Q3 2016 dividend
Cincinnati Financial Corporation has declared a USD0.48 per share regular quarterly cash dividend, the company said. The dividend is payable October 14, 2016, to shareholders of record as of September 21, 2016.. Cincinnati Financial Corporation offers business, home and auto insurance, business and fixed annuities, life and disability income insurance, surplus lines property and casualty insurance."/>
Cincinnati Financial declares regular quarterly cash dividend
United Community Bancorp has declared a quarterly cash dividend of USD0.06 per share, the company said. Dividends are payable on or about September 12, 2016, to stockholders of record as of the close of business on August 26, 2016.. United Community Bancorp is the holding company of United Community Bank, headquartered in Lawrenceburg, Indiana."/>
United Community Bancorp declares cash dividend
First United Corporation has reported consolidated net income available to common shareholders of USD2.5 million for the first six months of 2016, compared to USD1.2 million for the same period of 2015, the company said. The net interest margin for the first six months of 2016, the year ended December 31, 2015 and the first six months of 2015, on a fully tax equivalent basis, was 3.22 percent, 3.04 percent and 3.04 percent, respectively. Consolidated net income available to..."/>
First United reports USD2.5m net income YTD 2016
Pioneer Bankshares, Inc., has reported unaudited consolidated net income for the six-month period ending June 30, 2016 of USD880, 000, compared to USD1.008 million for the same period last year, the company said. The company's earnings through June 30, 2016 show a decrease of USD127, 000 as compared to the same period in 2015.. The company's subsidiary, Pioneer Bank, had net loan growth of USD7.0 million or 4.67 percent during the first six months of 2016 and a total of USD10.2 million..."/>
Pioneer Bankshares reports USD880,000 in YTD 2016 net income
Old Point Financial Corporation has declared a quarterly dividend of USD0.10 per share of common capital stock, the company said. The dividend is to be paid on September 30, 2016 to shareholders of record as of August 31, 2016.. Old Point Financial Corporation is the parent company of the Old Point National Bank of Phoebus, a locally owned and managed community bank serving all of Hampton Roads and Old Point Trust& Financial Services, N.A., a Hampton Roads wealth management services..."/>
Old Point Financial declares Q2 2016 dividend
Heritage Financial Corporation director Kimberly Ellwanger has been named a National Association of Corporate Directors board leadership fellow joining 51 other NACD board leadership fellows during the second quarter, the company said. The NACD Fellowship is a comprehensive and continuous program of study that empowers directors with the latest boardroom insights, intelligence and practices, which provides them with the necessary skills to lead their boards with..."/>
Heritage Financial director named NACD board leadership fellow

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