Industry News

Flipkart's godfather in New York [Mint, New Delhi]
RBI levies Rs1 crore penalty on UCO Bank [Mint, New Delhi]
Corporate Office Properties Trust took a hit in the three-month period that ended in June, as it wrote off nearly $70 million related to properties the real estate investment trust has decided to sell or not redevelop. The Columbia-based firm, which develops and owns office buildings with primarily defense-related tenants, said Thursday it lost 54 cents per share in the second quarter, compared to profits of 13 cents per share during the same period last year."/>
COPT reports losses in second quarter [The Baltimore Sun]
Reinsurance Group of America jumped 81 percent during the second quarter, beating Wall Street expectations. The Chesterfield-based global provider of life reinsurance reported net income of $236.1 million, or $3.64 per share, for the quarter ended June 30 compared with $130.4 million, or $1.94 per share, a year earlier. Excluding certain items, Reinsurance Group reported adjusted earnings of $2.80 per share, much higher than average analyst estimate of $2.29,..."/>
BRIEF: Profit soars for Reinsurance Group during 2Q [St. Louis Post-Dispatch]
Aflac in the second quarter, with the Columbus-based insurer reporting an operating profit of $707 million on total revenues of $5.4 billion from its business in Japan and the United States. Aflac Chairman and CEO Dan Amos, in a statement with the firm's earnings report, said he was pleased with the results, which "reflected solid performance and advanced our progress toward achieving the company's objectives for 2016.". The overall profit..."/>
Aflac reports operating profit of $707 million on revenues of $5.4 billion in second quarter [Columbus Ledger-Enquirer, Ga.]
Hampton Roads Bankshares, Inc. and Xenith Bankshares, Inc. have approved the proposed merger of XBKS and HRB and certain related matters at special meetings held this week, the companies said. Upon the completion of the proposed transaction, XBKS will merge with and into HRB and Xenith Bank will merge with and into BOHR. Hampton Roads Bankshares is the holding company for The Bank of Hampton Roads, while Xenith..."/>
Virginia Bank Holding Companies Hampton Roads Bankshares, Xenith Win Shareholder Nods for Merger
PHI Group Approved to Acquire Undisclosed South African Firm
First Cash Financial Services, Inc. and Cash America International, Inc., the companies said. In April, the companies entered into a definitive merger agreement under which the two companies will combine in a tax free, all-stock transaction. The companies also announced this week the entry..."/>
US Pawn Shop Owners First Cash Financial Services, Cash America Clear US Antitrust Hurdle in Merger
Central Valley Community Bancorp has received required regulatory approvals from the Federal Deposit Insurance Corp. and California Department of Business Oversight authorizing Central Valley Community Bancorp to acquire Sierra Vista Bank, the companies said. The companies inked a definitive merger agreement earlier this year. Under the terms of the agreement, Sierra Vista Bank, with three full service branches..."/>
California’s Central Valley Community Bancorp Receives Regulatory Nod for Sierra Vista Bank Acquisition
MIDDLEFIELD BANC AND LIBERTY BANK TO MERGE IN USD 40.8 M DEAL Ohio-based bank holding company Middlefield Banc Corp. has entered into an agreement and plan of reorganisation with Ohio-based Liberty Bank, N.A., the company said. Middlefield is the holding company for The Middlefield Banking Co. Under the terms of the agreement, Liberty shareholders will have the option to receive either..."/>
M and A Navigator: Deal pipeline –29 July
CVB Financial Corp., the holding company for Citizens Business Bank, is pleased to announce the appointment of Anna Kan as a Board Member. She was also named a Director of Citizens Business Bank."/>
CORRECTING and REPLACING CVB Financial Corp. Announces New Board Member
BFC Financial Corp. and BBX Capital Corp. in Fort Lauderdale have entered into a merger agreement, the companies announced Thursday. If completed, BBX will become a subsidiary of BFC. Both companies have a significant ownership in timeshare company Bluegreen Corp. in Boca Raton."/>
BRIEF: Bluegreen timeshare stockholders to merge [Sun Sentinel]
Pure Industrial Real Estate Trust today announced that the Trust has successfully closed on a $110 million mortgage financing. The Trust obtained a first mortgage financing of $110,000,000 on the recently constructed state of the art, 422,433 square feet, logistics and distribution facility in Vaughan, Ontario. The mortgage bears interest at a fixed rate of 3.40% per annum over a term of 10 years."/>
Pure Industrial Real Estate Trust Secures Mortgage Financing of $110 Million
Capitol Federal Financial Inc. on Thursday 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 earned $19.6 million, or 14 cents a share, in the quarter a year earlier."/>
BRIEF: Capitol Federal earnings climbed in third quarter [The Kansas City Star]
Columbia Banking System on Thursday released its second-quarter results-- with net income of $25.4 million-- and announced that the board of directors has approved increased dividends for shareholders. "The second quarter of the year has traditionally been a strong quarter for us and was again this year," said Columbia President and CEO Melanie Dressel in a release."/>
Dividends increase as second quarter earnings shine at Columbia Bank [The News Tribune (Tacoma, Wash.)]
First Northern Community Bancorp, holding company for First Northern Bank, today announced earnings through the second quarter of 2016."/>
First Northern Community Bancorp Reports Second Quarter 2016 Earnings

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