Industry News

Wayne Savings Bancshares, Inc.,, the holding company parent of Wayne Savings Community Bank, has declared a cash dividend of $0.09 per share of the Company’ s common stock for the quarter ending September 30, 2016. This represents an annualized dividend of$. 36 per share. The quarterly cash dividend will be paid on October 26, 2016 to stockholders of record as of October 12, 2016.."/>
Wayne Savings Bancshares, Inc. Declares Quarterly Dividend and Adoption of Stock Repurchase Program
First Bancorp today declared a quarterly dividend of 23 cents per share. This third-quarter dividend is payable October 28, 2016, to shareholders of record as of October 5, 2016, and is equal to the 23 cents per share the Company paid in the past quarter. Based on the September 21, 2016 closing price of $23.50 per share, the annualized dividend of 92 cents per share translates into a yield of 3.91%."/>
The First Bancorp Keeps Quarterly Dividend at 23 Cents per Share
Ottawa Savings Bancorp, Inc., the parent company for Ottawa Savings Bank, announced today that, at separate meetings held today, both the stockholders of the Company and the members of Ottawa Savings Bancorp MHC have approved the Plan of Conversion and Reorganization pursuant to which the MHC will convert from the mutual holding company to the stock holding company form of organization. Upon completion of the conversion, the MHC and the Company will cease to exist..."/>
Ottawa Savings Bancorp, Inc. Announces Results of Special Meetings of Stockholders and Members
Heritage Oaks Bancorp, the holding company of Heritage Oaks Bank, will host a conference call on Friday, October 28, 2016 at 8:00 a.m. Pacific Time to discuss its operating results for the third quarter ending September 30, 2016, which will be released after the close of business on Thursday, October 27, 2016. Interested parties can listen to the conference call by dialing 363-5052 Conference ID: 86200162 or by webcast via Heritage Oaks Bancorp's..."/>
Heritage Oaks Bancorp Schedules Third Quarter Conference Call
Western Asset Mortgage Capital Corporation announced today that its Board of Directors has declared a cash dividend of $0.31 per share for the third quarter of 2016. Today's dividend is payable on October 25, 2016 to common shareholders of record as of October 4, 2016, with an ex-dividend date of September 30, 2016.. In addition, the Company estimates that its book value per share, as of August 31, 2016, was approximately $11.54."/>
Western Asset Mortgage Capital Corporation Declares Third Quarter Dividend Of $0.31 Per Share
AXIS Capital Holdings Limited today announced that the Company’ s Board of Directors has declared a quarterly dividend of $0.35 per common share. The common dividend will be payable on October 17, 2016 to the shareholders of record at the close of business on October 3, 2016.. In addition, the Board declared a dividend of $0.429688 per Series C 6.875% Preferred Share and a dividend of $0.34375 per Series D 5.5% Preferred Share."/>
AXIS Capital Declares Quarterly Dividends on Common and Preferred Shares
Hanover Insurance Group, Inc. today announced that Jeffrey M. Farber has been appointed executive vice president and chief financial officer. Farber's responsibilities will span the finance, accounting, investment, actuarial, enterprise risk management, treasury and investor relations functions. He will join the company on October 1 as executive vice president and senior finance officer and will assume the role of chief..."/>
The Hanover Insurance Group, Inc. Appoints Jeffrey M. Farber Executive Vice President and Chief Financial Officer
Preferred Bank, an independent commercial bank focusing on the diversified California market, today reported that the Board of Directors has declared a quarterly cash dividend of $0.15 per share payable on October 21, 2016 to holders of record on October 7, 2016.. Preferred Bank is one of the larger independent commercial banks headquartered in California. The Bank is chartered by the State of California, and its deposits are insured by the Federal..."/>
Preferred Bank Announces Quarterly Cash Dividend
Impac Mortgage Holdings, Inc., announced today that its President, William Ashmore, and its Chief Financial Officer, Todd Taylor, will present at the JMP Financial Services& Real Estate Conference on Tuesday, September 27th, 2016 at 1:30 pm E.T.. A live audio webcast of the presentation will be available on the Investor Relations section of Impac Mortgage Holdings, Inc. website at http://ir.impaccompanies.com. A replay of the presentation will be..."/>
Impac Mortgage Holdings, Inc. to Present at the JMP Financial Services & Real Estate Conference
Home BancShares, Inc., parent company of Centennial Bank, announced today a secondary underwritten public offering of 2,650,000 shares of its common stock by the Company’ s Chairman, John Allison.. Allison is selling the shares offered in this offering for estate planning purposes and will receive all of the net proceeds from such offering. The Company will not sell any shares and will not receive any proceeds from the offering."/>
Home BancShares, Inc. Announces Secondary Offering by Selling Shareholder
NorthEast Community Bancorp, Inc. today announced that its Board of Directors declared a quarterly cash dividend of $0.03 per common share. The dividend will be paid on or about November 1, 2016 to stockholders of record as of the close of business on October 7, 2016.. NorthEast Community Bancorp, MHC, the Company’ s majority stockholder, having previously received the requisite regulatory non-objection, has determined to waive receipt of the..."/>
NorthEast Community Bancorp, Inc. Announces Quarterly Cash Dividend
Fulton Financial Corporation today announced the creation of Fulton Forward™, the Corporation's initiative to further promote the building of vibrant communities through programs, products, and services, designed to foster affordable housing, drive economic development, and promote education and financial literacy in the neighborhoods served by its banking subsidiaries. In a related announcement, Fulton Financial Corporation announced the..."/>
Fulton Financial Corporation Creates Fulton Forward(TM); Announces Fulton Bank Alliance With Operation HOPE
Intact Financial Corporation's Series 4 non-cumulative preferred shares. Fitch took no rating action on Intact's other ratings. A full list of ratings follows at the end of this release."/>
Fitch Rates Intact's Series 4 Preferred Shares 'BBB'
KeyCorp announced today that it has received regulatory approval from the Office of the Comptroller of the Currency for the merger of First Niagara Bank into KeyBank. KeyCorp acquired First Niagara Bank on August 1, 2016 pursuant to its merger with First Niagara Financial Group. Conversion of First Niagara systems and clients to KeyBank is scheduled to take place over Columbus Day Weekend, October 7-11, 2016."/>
KeyBank Receives Regulatory Approval For First Niagara Bank Merger
First of Long Island Corporation, the parent company of The First National Bank of Long Island, announced that on September 20, 2016, John J. Desmond was elected to the Board of Directors of the Corporation and the Bank. Desmond’ s service on both boards is effective October 1, 2016.. Desmond has over 40 years of experience in the public accounting industry including as the Partner-in-Charge of the Long Island office of Grant Thornton LLP from 1988..."/>
The First of Long Island Corporation Announces the Election of John J. Desmond to the Board of Directors
AXIS Capital Holdings Limited, a global provider of specialty insurance and reinsurance, today announced the appointments of Michiko Kurahashi as Chief Marketing Officer and Joe Cohen as Chief Communications Officer. Kurahashi and Cohen will work together to build an integrated marketing communications function that further elevates the AXIS..."/>
Axis Capital Hires Michiko Kurahashi and Joe Cohen to Launch Integrated Marketing Communications Function
Arrow Global Group plc has agreed termsto take ownership of an additional specialist servicing capability and enter into a five-year servicing agreement in the Netherlands, the company said. As part of the investment, it will also co-invest in a secured loan portfolio with a face value of circa EUR 1.7 bn, with the group taking responsibility for servicing of the entire loan book. The transaction sees Arrow Global..."/>
Arrow Global to Buy Minority Stake in Dutch Loan Portfolio

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