Industry News

United Bank posted lower profits in the second quarter, as expenses rose and fee income fell. United Financial Bancorp, Inc. said net income was $9.1 million, or 18 cents a diluted share, for the quarter ended June 30, compared with $13.3 million, or 27 cents a share, a year earlier. The bank announced its earnings after market close Tuesday."/>
United Bank Parent Posts Lower Quarterly Profits [The Hartford Courant]
Bay Banks of Virginia, Inc., holding company of Bank of Lancaster and Bay Trust Company, announces that Benjamin R. Humphreys, Jr. has been elected to Bay Trust Company's Board of Directors. "We are pleased and honored to welcome Ben to our Trust Board," said Francis A. Burke, President and Chief Executive Officer. "Ben is well-known in the Northern Neck and Richmond and is an innovative and results-driven leader in the technology industry."/>
Benjamin R. Humphreys, Jr. Elected to Bay Trust's Board of Directors
Realogy Holdings Corp., the largest full-service residential real estate services company in the United States, today announced that it has completed the refinancing of its Term Loan B and extended its maturity date by two years to 2022.. The Company refinanced its existing $1.863 million Term Loan B due 2020 by entering into a new $1.1 billion Term Loan B due July 2022. The new Term Loan B was issued at par and bears the same interest rate as the..."/>
Realogy Completes Refinancing Of Term Loan B And Extends Maturity Date By Two Years
Harleysville Savings Financial Corporation. Geib commented,“ Keith is active in the community, personally models the bank’ s values, and is an investment professional with over twenty years of experience managing institutional portfolios for both public and private..."/>
Keith Ahart, CFA Appointed to Harleysville Savings Financial Corporation Board of Directors
DREAM GLOBAL REIT today announced its July 2016 monthly distribution in the amount of 6.667 cents per unit. The July distribution will be payable on August 15, 2016 to unitholders of record as at July 29, 2016.. Dream Global REIT is an unincorporated, open-ended real estate investment trust that provides investors with the opportunity to invest in commercial real estate exclusively outside of Canada."/>
Dream Global REIT July 2016 Monthly Distribution
Cardinal Financial Corporation today reported that earnings for the quarter ended June 30, 2016 were $14.1 million, compared to $13.4 million for the year ago quarter ended June 30, 2015. Diluted earnings per share were $0.42 and $0.40 for these same respective periods. During the prior year period, the Company realized $1.6 million after-tax net income, or an additional $0.04 per share, related to a litigation settlement."/>
Cardinal Announces Second Quarter 2016 Earnings
MetLife to predict that housing starts will reach 1.5 million by 2020, 16 percent below consensus."/>
MetLife Agricultural Finance Forecasts U.S. Housing Starts to be 16 Percent Below Consensus, Reaching Only 1.5 Million by 2020
Elmira Savings Bank. Net income was $1,057,000 and $2,093,000 for the three and six months ended June 30, 2016 compared to $1,019,000 and $2,029,000 for the same periods in 2015. Diluted earnings per share were$. 30 per share and$. 60 per share for the three and six months ended June 30, 2016 compared to$. 29 per share and$. 57 per share for the same periods in 2015. Return on average assets was. 75% for both the three and six months ended June 30, 2016 compared to. 72% and. 73%..."/>
Elmira Savings Bank Reports Second Quarter Earnings
Greene County Bancorp, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of $0.095 per share on the Company’ s common stock. The dividend reflects an annual cash dividend rate of $0.38 per share which represents a 2.7% increase from the previous annual cash dividend rate of $0.37 per share.. The cash dividend for the quarter ended June 30, 2016 will be paid to shareholders of record as of August 15, 2016, and is expected..."/>
Greene County Bancorp, Inc. Announces Increased Cash Dividend
Dream Unlimited Corp. will be releasing its financial results for the quarter ended June 30, 2016, on Monday, August 15, 2016.. Senior management will be hosting a conference call to discuss the financial results. Conference call: Date: Tuesday, August 16, 2016 at 9:00 a.m. Dial: For Canada and USA please dial: 1-888-465-5079 For International please dial: 416-216-4169 Passcode: 7552 747#."/>
Dream Unlimited Corp. Q2 2016 Financial Results Release Date, Webcast and Conference Call
DREAM GLOBAL REIT will be releasing its financial results for the quarter ended June 30, 2016, on Thursday, August 11, 2016.. Senior management will be hosting a conference call to discuss the financial results. Conference call: Date: Friday, August 12, 2016 at 9:00 a.m. Dial: For Canada and USA please dial: 1-888-465-5079 For International please dial: 416-216-4169 Passcode: 8220 688#."/>
Dream Global REIT Q2 2016 Financial Results Release Date, Webcast and Conference Call
Bay Commercial Bank today announced its second quarter 2016 operating results.. The Bank reported total assets as of June 30, 2016 of $641.8 million including loans outstanding of $505.0 million compared to June 30, 2015 total assets of $606.0 million and total loans outstanding of $400.2 million. At June 30, 2016, total deposits were $535.7 million compared to total deposits of $524.3 million at June 30, 2015."/>
Bay Commercial Bank Reports Second Quarter 2016 Results
First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released First American’ s proprietary Potential Home Sales model for the month of June 2016. The model provides a gauge on whether..."/>
Market at Potential in Era of Low Interest Rates and Job Growth, According to First American Chief Economist’s Potential Home Sales Model
Harleysville Savings Financial Corporation reported today that the Company’ s board of directors declared a regular quarterly cash dividend of$. 21 per share on the Company’ s common stock. The cash dividend will be payable on August 17, 2016 to stockholders of record on August 3, 2016.. Net income for the third quarter was $1,369,000 or$. 36 per diluted share compared to $1,147,000 or$. 30 per diluted share for the same quarter last year."/>
Harleysville Savings Financial Corporation Announces Regular Cash Dividend and Third Quarter Earnings for Fiscal Year 2016
Aon plc. The report reveals that for the first half of 2016 preliminary global economic losses reached USD98..."/>
Global economy weathered $98bn natural hazard loss in first half of 2016, according to Aon catastrophe report
PNC Financial Services Group, Inc. has redeemed all outstanding senior notes due Sept. 19, 2016 issued by PNC Funding Corp in the amount of USD1.25 million, the company said. The securities have a distribution rate of 2.70 percent and an original scheduled maturity date of Sept. 19, 2016. The redemption price will be equal to USD1, 000 per USD1, 000 in principal amount, plus any accrued and unpaid distributions to the redemption date of Aug. 22, 2016.."/>
PNC redeems PNC Funding senior notes due Sept. 19, 2016
Banc of California, Inc. has reported total assets of USD10.2 billion for the quarter ended June 30, 2016, the company said. The company announced it will release 2016 second quarter financial results on Thursday, July 21, 2016, before market open. Banc of California, Inc. provides comprehensive banking services to California's diverse businesses, entrepreneurs and communities."/>
Banc of California reports total assets of USD10bn in Q2 2016

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