Industry News

Security Federal Corporation, the holding company for Security Federal Bank, today announced results for the quarter and six month periods ended June 30, 2016. Net income available to common shareholders increased $43,000 or 3.0% to $1.5 million or $0.49 per common share for the quarter ended June 30, 2016, compared to $1.4 million or $0.48 per common share for the quarter ended June 30, 2015. The increase in earnings was the result of increases in net..."/>
Security Federal Corporation Announces Increase in Quarterly and Six Month Earnings
Simon Property Group, Inc. and the obligations of its subsidiaries, including the Issuer Default Rating at' A'. The Rating Outlook is Stable. SPG's' A' IDR reflects the company's high-quality retail real estate portfolio, cycle-tested management team, its market-leading access to capital, and its significant scale which influences efficiencies and the aforementioned access to capital."/>
Fitch Affirms Simon Property Group's IDR at 'A'; Outlook Stable
RE/Max LLC executives are eager to bring new resources and more dollars to bear in support of their only local..."/>
RE/Max hoping to make big push into WNY real estate market [The Buffalo News, N.Y.]
KeyCorp's acquisition of First Niagara Financial Group. Customers' accounts at the locations will be automatically transferred to a nearby branch that will reopen for business on Oct. 11, said Jack Sparks, a KeyCorp spokesman. Key had previously identified which branches would close in October."/>
16 First Niagara branches in Western New York will close Oct. 7 [The Buffalo News, N.Y.]
Iowa First Bancshares Corp. today reported net income of $1,081,000 for the quarter ended June 30, 2016, compared to net income of $1,050,000 for the quarter ended June 30, 2015. The increase in second quarter net income year-over-year of $31,000 was primarily attributable to higher net interest income of $132,000. This increase in net interest income was augmented by a $32,000 increase in noninterest income."/>
Iowa First Bancshares Corp. Reports Second Quarter Financial Results and Dividend Payment
Northwest Bancshares, Inc. announced a net loss for the quarter ended June 30, 2016 of $7.0 million, or $0.07 per diluted share. This represents a decrease of $22.3 million compared to the same quarter last year when net income was $15.3 million or $0.17 per diluted share. The annualized returns on average shareholders' equity and average assets for the quarter ended June 30, 2016 were% and% compared to 5.77% and 0.78% for the same quarter last year."/>
Northwest Bancshares, Inc. Announces Second Quarter 2016 Results and Quarterly Dividend
Glen Burnie Bancorp, parent company of The Bank of Glen Burnie, today announced results for the second quarter.. The company realized net income of $308,000 or $0.11 basic earnings per share in the quarter ended June 30, 2016 as compared to net income of $518,000 or $0.19 basic earnings per share for the same period in 2015.. Net interest income after provision for credit losses was $2,733,000 as compared to $2,617,000 in 2015."/>
Glen Burnie Bancorp Releases 2Q 2016 Earnings
Great-West Lifeco Inc. will release its second quarter 2016 financial results on August 3, 2016.. The results will be discussed in a conference call and audio webcast hosted by company management at 10:00 a.m. on Thursday, August 4, 2016.. The audio webcast and slide presentation will be available on Great-West Lifeco's website following the release of the second quarter results."/>
Great-West Lifeco's second quarter 2016 results conference call available by webcast
Assured Guaranty Ltd. announced today that Assured Guaranty has appointed David A. Buzen as Senior Managing Director of its newly formed Alternative Investments group. Buzen was previously President and Chief Executive Officer of CIFG Holding Inc.."/>
David A. Buzen Joins Assured Guaranty to Establish Alternative Investments Group
Westbury Bancorp, Inc. today announced that Mike Weber has joined the Bank as Senior Vice President, Commercial Banking, serving business and commercial real estate clients across Dane County.“ We are excited to have Mike join Steve Machotka and Matt Golden on our Madison Team. Mike has an outstanding reputation in Dane County and he will be key component to our growth in this market,” said Greg Remus, President& CEO of Westbury Bank.. A photo accompanying this..."/>
Mike Weber to join Westbury Bank as Senior Vice President, Commercial Banking
BOK Financial announced today that its broker dealer, BOSC, Inc., is changing its name to BOK Financial Securities, Inc. effective July 25, 2016. The change comes in an effort to align the Wealth Management division brands under the“ BOK Financial” umbrella and more effectively leverage the parent company’ s strong reputation and national name recognition.. Brett Dean, president of BOK Financial Securities, noted,“ BOK Financial is a respected and trusted $31..."/>
BOSC, Inc. changing its name to BOK Financial Securities, Inc.
First South Bancorp, Inc., is pleased to announce the purchase of mortgage servicing rights of 452 high-quality Freddie Mac and Fannie Mae loans with an unpaid principal balance of approximately $84.6 million. The purchase is subject to customary approval from the two investor agencies. The purchase brings the Bank's total value of MSRs to approximately $2.8 million and brings the total..."/>
First South Bank Announces Purchase of Mortgage Servicing Rights Portfolio
Outerwall Inc. on behalf of its shareholders. Outerwall announced that it has entered into a definitive agreement to be acquired by Apollo Global Management LLC for $52 per share. Our investigation has determined that the offer price of only $52 per share, unfairly under-values the true going forward..."/>
OUTERWALL BUYOUT ALERT - National Securities Law Firm Seeks Higher Price for Outerwall Shareholders in Connection with Proposed Buyout, and Encourages Shareholders to Contact Law Firm for More Information
First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the May 2016 First American Real House Price Index."/>
Era of Uncertainty Continues to Drive Consumer House-Buying Power, According to First American Real House Price Index
Severn Bancorp, Inc., parent company of Severn Bank announced the appointment of Paul B. Susie as Executive Vice President and Chief Financial Officer. Susie brings to Severn Bank many years of experience in financial management, and in particular banking. He was previously with Hopkins Federal Savings Bank in the position of Chief Financial Officer."/>
Severn Bank Appoints Paul B. Susie Chief Financial Officer
NewStar Financial, Inc. announced today that it will report financial results for the second quarter of 2016 on Wednesday, August 3, 2016 before the markets open. NewStar will also host a webcast/conference call to discuss the results on Wednesday, August 3, 2016 at 10:00am Eastern Time. All interested parties are invited to participate via telephone or webcast, which will be hosted through the Investor Relations section of the company’ s website at..."/>
NewStar Schedules Release of Results for the Second Quarter of 2016
Greene County Bancorp, Inc., the holding company for The Bank of Greene County and its subsidiary Greene County Commercial Bank, today reported net income for the fiscal year and quarter ended June 30, 2016. Net income for the fiscal year and quarter ended June 30, 2016 was $9.0 million, or $1.06 per basic and diluted share, and $2.3 million, or $0.28 per basic and $0.27 per diluted share, respectively, as compared to $7.2 million, or $0.85 per basic and diluted..."/>
Greene County Bancorp, Inc. Reports 24.7% Increase in Net Income for the Fiscal Year Ended June 30, 2016
Daily Mail, London, business briefs column [Daily Mail, London]
S&P Global Market Intelligence, a leading provider of multi-asset class research data and insights. P&C Insurance Market Report suggests that a combination of elevated catastrophe losses, unfavorable results in the private passenger auto business, and declining bond yields could crimp underwriting results and reduce overall..."/>
U.S. Property & Casualty Insurers Headed for Rough Patch, Finds S&P Global Market Intelligence Analysis
Retail Opportunity Investments Corp., a fully-integrated, self-managed, real estate investment trust operating in the West Coast, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Stuart A. Tanz, Chief Executive Officer, will ring the Opening Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
Retail Opportunity Investments Corp. (Nasdaq: ROIC) to Ring The Nasdaq Stock Market Opening Bell
Texas Capital Bancshares, Inc., the parent company of Texas Capital Bank, and their board of directors declared a cash dividend of $0.40625 per share of the non-cumulative perpetual preferred stock, Series A, which is traded on the NASDAQ under the symbol“ TCBIP”. The Series A Preferred Stock dividend is payable on September 15, 2016, to shareholders of record at the close of business on September 1, 2016.. ABOUT TEXAS CAPITAL BANCSHARES, INC. Texas Capital..."/>
Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock

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