Industry News

CIT Group Inc., the firm now led by former Merrill Lynch chief John Thain, took a hit for hundreds of millions of dollars on its legacy reverse mortgages. Financial Freedom, the reverse mortgage lending subsidiary of New York-based CIT, was once the largest reverse mortgage lender in the country. In 2005, Financial Freedom Senior Funding Corp. was a subsidiary of IndyMac Bank FSB."/>
CIT Takes Big Hit on Reverse Mortgage Business [Mortgage Daily]
Radian Group Inc.. In the three months ended June 30, the Philadelphia-based firm generated $157 million in pre-tax income from continuing operations. While that was better than the $102 million earned three months earlier, it fell far short of the $250 million earned one year previous."/>
Strong Quarter at Mortgage Insurer Radian [Mortgage Daily]
Nasdaq MarketSite in Times Square. In honor of the occasion, Philip Thomas, Chief Executive Officer, will ring the Closing Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
Long Island Iced Tea Corp. (Nasdaq: LTEA) to Ring The Nasdaq Stock Market Closing Bell
Moody's Investors Service has kept unchanged the long-term rating of Azerbaijan's Xalq Bank OJSC on liabilities-- at the level of B2, and the outlook as "negative," said the bank's message posted on its website July 28.. The message also said that the agency has affirmed the Counterparty Risk Assessment at the level of B1/ Not Prime. Evaluating the bank's prospects, Moody's analysts noted that the rating's affirmation is based on such..."/>
BRIEF: Moody's affirms rating forecast of Azerbaijan's Xalq Bank [Trend News Agency, Baku, Azerbaijan]
Cullen/Frost Bankers, Inc. board of directors today declared a third-quarter cash dividend of$. 54 per common share. The dividend is payable Sept. 15, 2016 to shareholders of record on Aug. 31 of this year. The board of directors also declared a cash dividend of$. 3359375 per share of the Noncumulative Perpetual Preferred Stock, Series A, which is traded on the NYSE under the symbol "CFR PrA.""/>
Cullen/Frost Bankers Declares Quarterly Cash Dividends For Common And Preferred Stock
FXCM Inc./ FXCM Inc. Announces Second Quarter 2016 Earnings Release Date. Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement."/>
FXCM Inc. Announces Second Quarter 2016 Earnings Release Date
FXCM Inc., a leading online provider of forex trading and related services worldwide, announced that it will report its 2016 second quarter financial results before the opening of the U.S. financial markets on Thursday August 4, 2016.. A copy of FXCM's earnings release and presentation slides for the quarter will be available at Additionally, FXCM will release its monthly business metrics for July 2016 in the earnings release on..."/>
FXCM Inc. Announces Second Quarter 2016 Earnings Release Date
Republic First Bancorp, Inc., the holding company for Republic Bank, today announced today announced its financial results for the period ended June 30, 2016.. Momentum continued in the second quarter of 2016 as the "Power of Red is Back" expansion strategy pushes forward. "I am pleased to report on another great quarter of strong financial results for Republic Bank," said Harry D. Madonna, Chairman and Chief Executive Officer of Republic First..."/>
Republic First Bancorp, Inc. Reports Second Quarter Results And Announces Expansion Into Residential Mortgage Lending Through Acquisition Of Oak Mortgage Company
Middleburg Financial Corporation today announced that Joseph L. Boling informed the Board of Directors of his decision to retire from his position as Chairman of the Board, effective immediately. The Board has appointed John C. Lee IV, a Director since 2006, to succeed Mr. Boling as Chairman of the Board and has appointed Mr."/>
Middleburg Financial Corporation Announces Joseph L. Boling to Retire
Eagle Bancorp Montana, Inc.,, the holding company of Opportunity Bank of Montana, today reported net income increased 59.6% to $1.3 million, or $0.32 per diluted share, in the second quarter of 2016, compared to $792,000, or $0.21 per diluted share, in the second quarter a year ago. In the preceding quarter, Eagle earned $647,000, or $0.17 per diluted share. In the first six months of 2016, net income increased 62.2% to $1.9 million, or $0.49 per diluted share,..."/>
Eagle Bancorp Montana Earns a Record $1.3 Million, or $0.32 Per Diluted Share, in 2Q16; Increases Regular Quarterly Cash Dividend to $0.08 per Share and Announces Stock Repurchase Plan
Dime Community Bancshares, Inc., the parent company of The Dime Savings Bank of Williamsburgh, announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share, payable on August 16, 2016, to all stockholders of record as of August 8, 2016. This dividend is the 77 th consecutive quarterly cash dividend paid by the Company. ABOUT DIME COMMUNITY BANCSHARES, INC.. Dime Community Bancshares, Inc. had $5.56 billion in consolidated..."/>
Dime Community Bancshares Declares Quarterly Cash Dividend
Capitol Federal Financial Inc. reported a 4.8 percent increase in its earnings during April, May and June compared with a year ago. The parent company of Capitol Federal Savings said it earned $20.6 million, or 15 cents a share, in the three months that make up the third quarter of the company's fiscal year. It had earned $19.6 million, or 14 cents a share, in the quarter a year earlier."/>
BRIEF: Capitol Federal earnings climb [The Kansas City Star]
Cedar Realty Trust, Inc. announced today that the underwriter of its previously announced common stock offering exercised in full its option to purchase an additional 750,000 shares. As a result, the Company will issue a total of 5,750,000 shares on a forward basis in connection with the forward sale agreements described below, which will result in approximately $45.1 million of gross proceeds before any underwriting..."/>
Cedar Realty Trust, Inc. Announces Exercise In Full Of Common Stock Offering Option
Primerica Concert TM Allocation Series of Funds. MISSISSAUGA, Ontario---- PFSL Fund Management Ltd., the investment fund manager and trustee of the Primerica Concert™ Allocation Series of Funds, announced today that it has appointed AGF Investments Inc. as additional portfolio manager for the Concert™ Funds. The appointment is effective on or about August 29, 2016, subject to the receipt of any necessary..."/>
PFSL Fund Management Ltd. Appoints AGF Investments Inc. As An Additional Portfolio Manager
Ally Financial was named a 2016 Strategic Partner by the Money Smart Week Michigan Coalition in an awards ceremony yesterday in Detroit. Ally was recognized for its commitment and ongoing participation in Money Smart Week, a national public awareness campaign coordinated by the Federal Reserve Bank of Chicago to help individuals and families better manage their personal finances. "Advancing financial literacy is a key focus area for Ally..."/>
Ally Recognized as Key Strategic Partner by Money Smart Week® Michigan Coalition

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