Industry News

Banner Corporation, the parent company of Banner Bank and Islanders Bank, today reported strong revenue generation propelled by growth from recent acquisitions that contributed to solid second quarter earnings. Net income in the second quarter of 2016 increased to $21.0 million, or $0.61 per diluted share, compared to $17.8 million, or $0.52 per diluted share, in the preceding quarter and $13.2 million, or $0.64 per diluted share, in the second..."/>
Banner Corporation Earns $21.0 Million, or $0.61 per Diluted Share, in the Second Quarter of 2016; Second Quarter Highlighted by Strong Revenue Growth
Flagstar Bancorp Inc. saw a quarter-over-quarter rise in home lending, and indicators point to continued gains. The mortgage servicing portfolio also increased. From April 1 through June 30 of this year, the financial institution closed $8.330 billion in residential loans."/>
Flagstar Mortgage Originations, Servicing Grow [Mortgage Daily]
Modified Mortgages Auctioned Off [Mortgage Daily]
Greater Hudson Bank, is the Hudson Valley's preeminent private bank for non-profits, businesses and municipalities. This leading position in the marketplace combined with an ideal size, affords the Bank the opportunity to offer clients cutting-edge banking products with extraordinary personal service and special attention that can only found at a true community bank. Consistent with the Bank's strategy to enhance business solutions for clients,..."/>
Greater Hudson Bank Helps Local Non-Profits With Specialized Banking Services
National Bank's Monetary Operations Department Adil Mukhamedzhanov, the bank reported on July 26.. Moreover tenge rate has been influenced by some internal factors, such as expectations of market participants, the movement of budgetary funds, tax payment periods and de-dollarization in the past few months,..."/>
BRIEF: Kazakh National Bank explains reasons of tenge rate fall [Trend News Agency, Baku, Azerbaijan]
Wells Fargo & Company Announces Dividend
Sovran Self Storage, Inc.' BBB'."/>
Correction: Fitch Rates Sovran's Inaugural Public Bond due 2026 'BBB'; Ratings on Negative Watch
Outerwall Inc. by Apollo Global Management LLC. On July 25, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Apollo Global Management will acquire Outerwall. Under the terms of the agreement, Outerwall shareholders will receive $52.00 for each share of Outerwall common stock."/>
Robbins Arroyo LLP: Acquisition of Outerwall Inc. (OUTR) by Apollo Global Management LLC (APO) May Not Be in Shareholders' Best Interests
ORIX Ventures Changes Name to ORIX Growth Capital
Charles Schwab legislative and regulatory affairs office, in the city for 23 years."/>
Business meets politics [The Record-Eagle, Traverse City, Mich.]
C&F Financial Corporation, the one-bank holding company for C&F Bank, today reported record second quarter net income of $4.7 million in 2016, or $1.37 per common share assuming dilution, compared with $4.1 million, or $1.21 per common share assuming dilution, for the second quarter of 2015. The Corporation reported net income of $7.2 million for the first six months of 2016, or $2.08 per common share assuming dilution, compared with $6.7 million, or..."/>
C&F Financial Corporation Announces Record Second Quarter Net Income
Ally Financial Inc. on Tuesday reported a jump in net income in the second quarter after the auto lender redeemed preferred shares that carried a high dividend. Detroit-based Ally Financial, which has one of its employee hubs in Charlotte, posted a profit available to common shareholder of $345 million, compared with a loss of $1.1 billion a year ago, when it had preferred dividend payments of $1.3 billion. Earnings per share jumped to 71 cents from a loss of $2.22 last year."/>
Ally Financial reports a jump in net income [The Charlotte Observer]
BB&T Corporation today declared a quarterly common stock dividend increase of $0.02 to $0.30 per share payable Sept. 1, 2016, to shareholders of record at the close of business Aug. 12, 2016. The increase is consistent with BB&T's capital plan the Federal Reserve did not object to on June 29, 2016.. In addition, the board authorized a cumulative share buyback of up to $640 million during the four quarters..."/>
BB&T announces 7-percent common stock dividend increase
Eagle Bancorp, Inc., the parent company of EagleBank, Bethesda, Maryland, today announced that it had completed the public offering and sale of $150 million of its 5.00% Fixed-to-Floating Rate Subordinated Notes due August 1, 2026. The Notes were sold at par, resulting in net proceeds, after underwriting discounts and commissions, of approximately $147.75 million.. The Company plans to use the net proceeds of the offering for general corporate purposes,..."/>
Eagle Bancorp, Inc. Announces Completion of Subordinated Notes Offering
Republic First Bancorp, Inc., the parent company of Republic Bank, today announced that it has entered into an agreement to acquire Oak Mortgage Company, LLC, a residential mortgage company headquartered in Marlton, NJ. With services that are a perfect complement to Republic Bank's existing lending capabilities, Oak Mortgage will maintain its current business model and operate as a wholly owned subsidiary of the Bank."/>
Republic Bank to Acquire Marlton-Based Oak Mortgage Company Expands into Residential Mortgage Lending
Automotive Properties Real Estate Investment Trust will release its second quarter 2016 financial results after market close on Monday, August 8, 2016. Milton Lamb, Chief Executive Officer, and Andrew Kalra, Chief Financial Officer, will host a conference call for analysts and investors on Tuesday, August 9, 2016 at 11:00 a.m.. The dial-in numbers for the conference call are 427-7450 or 231-8191. A live webcast of the call will be accessible via the..."/>
Automotive Properties REIT Announces Second Quarter 2016 Financial Results Release Date, Conference Call and Webcast
CB Financial Services, Inc., marked the official start of the construction of its new Operations Center in the EverGreene Technology Park, located in Waynesburg, PA. The construction of this new 22,500 square foot facility is another milestone in the 115 year history of Community Bank.“ This investment in Greene County shows our commitment to our roots."/>
Community Bank Breaks Ground on New Operations Center
Stein Mart building on the Southbank for almost $24 million. Stein Mart's headquarters occupy about half of the the 10- story, 197,000- square-foot building, which has a total of 20 tenants and is 93- percent occupied. Lingerfelt CommonWealth Partners paid $23,625,000 for the property, which includes a six-story parking garage, according to the deed filed Tuesday with the Duval County Clerk of Courts."/>
BRIEF: Stein Mart building located on Jacksonville's Southbank sells for $23.6 million [The Florida Times-Union, Jacksonville]
EverBank Financial Corp. officials Tuesday confirmed the company is up for sale. A prepared statement on the company's website posted Tuesday left no doubt that the company is seeking a buyout deal worth $2.5 billion. "As the result of an ongoing review of its strategic alternatives it is in advanced negotiations with a well respected financial services company regarding a transaction in which EverBank Financial Corp. would be acquired and..."/>
Jacksonville's EverBank Financial Corp. officially up for sale for $2.5 billion [The Florida Times-Union, Jacksonville]

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