Industry News

HarborOne Bancorp, Inc., the holding company for HarborOne Bank, reported a net loss of $681,000 for the quarter ended June 30, 2016 compared to net income of $124,000 for the first quarter of 2016 and net income of $1.1 million for the second quarter of 2015. The Company reported a net loss of $557,000 for the six months ended June 30, 2016 compared to net income of $2.0 million for the same period in 2015. The Company’ s results for the quarter ended June 30, 2016..."/>
HarborOne Bancorp, Inc. Announces Second Quarter 2016 Earnings
Highwoods Properties, former owner of Kansas City's Country Club Plaza shopping district, has sold two of the four Plaza-area office buildings that weren't included in retail center's sale. The real estate services company CBRE Group Inc. said Friday that the building at 801 W. 47th St. was sold to Price Brothers Development Co., an entity that already owns adjacent property. Highwood's former building at 4600 Madison was sold to Stanton Road Capital LLC, an investment..."/>
Highwoods sells two of its remaining KC properties [The Kansas City Star]
Fifth Third Bancorp has announced the formation of a dedicated group to serve the financial services needs of the technology, media and telecommunications industry. The team is led jointly by Pete Foley and Kevin Khanna, both of whom bring extensive expertise and knowledge in the industry. “The creation of this vertical business unit allows Fifth Third to dedicate a team of resources to provide customized solutions to one of the fastest growing industry sectors in..."/>
Fifth Third Bancorp Announces Technology, Media & Telecommunications Vertical
Norwood Financial Corp and its subsidiary, Wayne Bank, announced earnings for the three months ended June 30, 2016 of $1,878,000. This represents a decrease of $85,000, from the $1,963,000 earned in the similar period of 2015 due primarily to increases in operating expenses and the provision for loan losses. Earnings per share were$. 51 in the 2016 period, decreasing from the$. 53 earned in the..."/>
Norwood Financial Corp Announces Second Quarter Earnings
Brookfield Canada Office Properties announced today that it has entered into an agreement to lease 140,000 square feet to Scotiabank at the company's Brookfield Place Calgary East development. Taking this new agreement into account, the development is 81% pre-leased. "The signing of Scotiabank at Brookfield Place Calgary is a prime example of the continued demand for modern, efficient work environments provided by a trusted developer and landlord like..."/>
Brookfield Canada Office Properties Enters Into Agreement With Scotiabank to Lease 140,000 Square Feet at Brookfield Place Calgary
Ambac Financial Group, Inc., a holding company whose subsidiaries provide financial guarantees and other financial services, will release its second quarter 2016 earnings on August 9, 2016, following the close of the market.. On August 10, 2016 at 8:30am, Nader Tavakoli, President and Chief Executive Officer, and David Trick, Chief Financial Officer and Treasurer, will discuss second quarter 2016 results during a live conference call."/>
Ambac to Release Second Quarter 2016 Earnings on August 9, 2016
Banco Bradesco S.A. American Depository Shares between April 30, 2012 and May 31, 2016, inclusive."/>
GPM Reminds Investors of the August 2 Deadline in the Class Action Lawsuit Against Banco Bradesco S.A.
True North Commercial Real Estate Investment Trust is pleased to announce it has closed the acquisition of an office property located at 6865 Century Avenue, Mississauga, Ontario. The Century Property is a two-story office building situated on 2.66 acres with a total of approximately 64,000 rentable square feet and 226 surface parking stalls with direct exposure from Highway 401 and is well situated with excellent..."/>
True North Commercial Real Estate Investment Trust Completes Acquisition in the Greater Toronto Area
Wells Financial Corp., the holding company of Wells Federal Bank, announced net income for the second quarter of 2016 of $523,000, down $27,000 or 4.9%, when compared to the second quarter of 2015."/>
Wells Financial Corp. Announces Second Quarter Results of Operations
Bank Mutual Corporation has reported net income of USD3.9 million in the second quarter 2016, a 10 percent increase over net income of USD3.6 million in the same quarter of 2015, the company said. Year-to-date, Bank Mutual Corporation reported net income of USD8.4 million 2016 compared to USD7.1 million in the same six-month period in 2015.. Bank Mutual's net interest income increased by USD556, 000 or 3.3 percent and by USD1.0 million or 3.1 percent during the three and six..."/>
Bank Mutual reports net income of USD4m in Q2 2016
Ally Financial has authorized a USD700 million common stock repurchase program beginning in the third quarter of 2016 and continuing through the second quarter of 2017, the company said. The company said the common stock repurchase program was included in Ally's capital plan under the 2016 comprehensive capital analysis and review, which received a non-objection from the Federal Reserve Board that was announced on June 29, 2016.."/>
Ally Financial authorizes stock repurchase
Webster Financial Corporation, the holding company for Webster Bank, N.A., has reported applicable to common shareholders of USD48.4 million, for the quarter ended June 30, 2016 compared to USD49.8 million, for the quarter ended June 30, 2015, the company said. The company reported revenue of USD242.0 million in the second quarter 2016, an increase of 8.6 percent, including net interest income of USD176.9 million. Loan growth was USD1.5 billion, or 10.1 percent, with growth of..."/>
Webster reports Q2 2016 earnings of USD48m
Fidelity National Financial, Inc. has declared an FNF Group quarterly cash dividend of USD0.21 per share, the company said. The dividend will be payable September 30, 2016, to stockholders of record as of September 16, 2016.. Fidelity National Financial, Inc. is organized into two groups, FNF Group and FNFV Group."/>
Fidelity National Financial declares quarterly cash dividend
M&T Bank Corporation has reported GAAP-basis net income of USD336 million in the recently completed quarter, up 17 percent from USD287 million in the second quarter of 2015 and 13 percent from USD299 million in the initial 2016 quarter, the company said. GAAP-basis net income for the second quarter of 2016 expressed as an annualized rate of return on average assets and average common shareholders' equity was 1.09 percent and 8.38 percent, respectively, compared with 1.18..."/>
M&T Bank reports Q2 2016 diluted net income of USD336 million
Marquette National Corporation has declared a cash dividend of USD0.375 per share, the company said. The dividend will be payable on October 3, 2016 to shareholders of record on September 23, 2016. As of June 30, 2016, Marquette had 1,120,529 shares issued and outstanding."/>
Marquette National declares quarterly cash dividend
Renasant Corporation has reported net income of USD22.9 million in the second quarter of 2016, an increase of 48.75 percent from USD15.4 million for the second quarter of 2015, the company said. The company incurred pre-tax merger and conversion expenses of USD2.8 million, or USD1.9 million on an after-tax basis, for the second quarter of 2016 as compared to pre-tax merger and conversion expenses incurred during the second quarter of 2015 of USD1.5 million."/>
Renasant reports Q2 2016 net income of USD23m
Marquette National Corporation has reappointed Michael Devlin to the board of directors, the company said. Devlin is an experienced commercial banker who served on the board of directors for the past 18 years, until the end of April. The publicly traded bank holding company, of which he was the CEO, merged into a larger organization in May 2016 and he stepped down from his positions."/>
Marquette National reappoints board member
Pacific Continental Corporation, the holding company of Pacific Continental Bank, has approved a regular cash dividend of USD0.11 per share, the company said. The dividend is payable August 16, to shareholders of record as of August 2.. Pacific Continental Bank has USD2.0 billion in assets, and delivers banking services through 14 banking offices in Oregon and Washington."/>
Pacific Continental declares regular dividend
Parke Bancorp, Inc., the parent company of Parke Bank, has reported net income available to common shareholders of USD8.3 million, for the quarter ended June 30, 2016, compared to net income available to common shareholders of USD2.2 million for the quarter ended June 30, 2015, an increase in net income of 275.5 percent, the company said. Net income available to common shareholders year-to-date was USD10.7 million or USD1.26 per diluted common share, compared to USD4.4 million,..."/>
Parke Bancorp reports Q2 2016 net income of USD8m
BancorpSouth, Inc. has reported net income of USD34.7 million for the second quarter of 2016, compared with net income of USD39.7 million for the second quarter of 2015 and net income of USD22.5 million for the first quarter of 2016, the company said. The company reported net operating income-- excluding MSR of USD37.2 million, or USD0.39 per diluted share, for the second quarter of 2016 compared to USD37.0 million, or USD0.39 per diluted share, for the second quarter of 2015 and..."/>
BancorpSouth reports Q2 2016 USD34m in net income

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