Industry News

Lakeland Financial Corporation, parent company of Lake City Bank, today announced that David M. Findlay, President and Chief Executive Officer, Michael E. Gavin, Chief Credit Officer and Lisa M. O’ Neill, Chief Financial Officer will attend Keefe, Bruyette& Woods’ 17 th Annual Community Bank Investor Conference, held in New York City on August 2 and 3, and will participate in a series of meetings with institutional investors during the conference.."/>
Lakeland Financial Corporation to Present at the Keefe, Bruyette & Woods 2016 Community Bank Investor Conference
Metlife is rebranding its Charlotte-based U.S. retail business as Brighthouse Financial. MetLife announced in January its plans to spinoff much of the retail business as the company tries to decrease its size and limit federal capital requirements. Executive Vice President Eric Steigerwalt, based in Charlotte, will lead the spun-off business unit."/>
BRIEF: MetLife to rebrand Charlotte-based U.S. retail business as Brighthouse Financial [The Charlotte Observer]
Yadkin Financial, which has branches in the Charlotte area. In the all-stock deal, FNB Corp. said it's paying $27.35 per share, or $1.4 billion in total, based on the 20- day trailing average closing stock price of FNB shares. Yadkin Bank will merge into an FNB subsidiary, First National Bank of Pennsylvania."/>
BRIEF: Pittsburgh bank buying Raleigh-based Yadkin Financial [The Charlotte Observer]
Yadkin Financial Corp. will be acquired by Pittsburgh-based FNB Corp. for $1.4 billion, the companies announced Thursday. The all-stock transaction would pay Yadkin shareholders about $27.35 per share. As part of the acquisition, FNB will gain Yadkin's $7.5 billion in assets and 100 bank offices in North and South Carolina, creating a banking operation extending from the Mid-Atlantic region to the Southeast."/>
Raleigh-based Yadkin Bank sold for $1.4b [The News & Observer (Raleigh, N.C.)]
United Community Financial Corp. holding company of The Home Savings and Loan Company announced today that Gary Small, President and Chief Executive Officer along with Matt Garrity, Executive Vice President, Commercial Lending& Credit Administration will be presenting at the Keefe, Bruyette& Woods 2016 Community Bank Investor Conference in New York City, on Wednesday, August 3, 2016 at 9:00 AM ET. A copy of the presentation will be available on..."/>
United Community Financial Corp. to Present at KBW 2016 Community Bank Investor Conference
Bank of New York Mellon this morning reported profits for the second quarter were flat at $825 million vs. $830 million in the same period last year as expenses fell. Earnings per share edged up 3 percent to 75 cents vs. 73 cents last year. Excluding special items in both periods, per-share profits dipped 1 percent to 76 cents, down from 77 cents in the second quarter of 2015.."/>
BNY Mellon earnings flat as revenue falls [Pittsburgh Post-Gazette]
Moody's Investors Service said on Thursday. However, in the aftermath of the oil price plunge and dip in revenues, the two indicators-- as measured by external debt to GDP and external debt to reserves-- of MEA countries increased recently, the ratings..."/>
MEA least vulnerable as emerging market external debt trebles to $8.2t [Khaleej Times, Dubai, United Arab Emirates]
First West Virginia Bancorp, Inc. President and Chief Executive Officer, William G. Petroplus, today announced second quarter earnings for the Wheeling, West Virginia, based holding company. First West Virginia Bancorp, Inc. is the parent company of Progressive Bank, N.A., Wheeling, West Virginia. The Company reported net income of $957,979 or$. 56 per share for the six months ended June 30, 2016 compared to $1,370,069 or$. 80 per share for the same..."/>
First West Virginia Bancorp, Inc. Announces Second Quarter 2016 Earnings
Nasdaq announced that trading of Impinj, Inc. commenced on The Nasdaq Stock Market on July 21, 2016.. Impinj is a leading provider of a RAIN RFID platform that delivers Item Intelligence, an item’ s unique identity, location and authenticity, to enterprise and consumer applications through both hardware and software elements. The Impinj platform includes tag integrated circuits, reader ICs, readers and gateways, and software."/>
Nasdaq Welcomes Impinj, Inc. to The Nasdaq Stock Market
Consolidated-Tomoka Land Co. announced its board of directors has completed its exploration of strategic alternatives and decided the company's best option at this time is stay its present course. The exploration-- conducted with help from Deutsche Bank Securities-- was conducted in response to demands last fall by Consolidated-Tomoka's largest shareholder, the New Jersey-based Wintergreen Fund, that the Daytona Beach-based public company should..."/>
Consolidated-Tomoka to stay course after exploring strategic alternatives [The News-Journal, Daytona Beach, Fla.]
Citizens First Corporation today reported results for the quarter and six months ending June 30, 2016, which include the following:. For the quarter ended June 30, 2016, the Company reported net income of $1,074,000, or $0.42 per diluted common share. This represents an increase of $175,000, or $0.07 per diluted common share, from $899,000, or $0.35 per diluted common share, for the quarter ended June 30, 2015."/>
Citizens First Corporation Announces Second Quarter 2016 Results
Ambac Financial Group, Inc.. Investors who purchased or otherwise acquired shares between November 13, 2013 and June 30, 2015 are encouraged to contact the firm in advance of the August 29, 2016 lead plaintiff motion deadline.. If you are a shareholder who suffered a loss during the Class Period, click here to participate."/>
INVESTOR NOTICE: Goldberg Law PC Announces Securities Class Action Lawsuit against Ambac Financial Group, Inc. and Encourages Investors with Losses to Contact the Firm
China Lending Corporation, a non-bank direct lending corporation that provides services to micro, small and medium sized enterprises, farmers, and individuals, who are currently underserved by commercial banks in China, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Ms. Jingping Li, CEO, will ring the Opening Bell."/>
China Lending Corporation (Nasdaq: CLDC) to Ring The Nasdaq Stock Market Opening Bell
Nasdaq, the single largest U.S. equity exchange by market share, announced 13 new ETP listings in June, further establishing itself as the foremost listing and trading venue for exchange-traded products. For the second quarter in a row, Nasdaq led all other US exchanges and captured 38 percent of ETP listings and switches with 36 products in total.. “We had tremendous success in attracting the industry’ s leading ETP issuers to list on Nasdaq through the first..."/>
The Nasdaq Stock Market® Leads All US Listing Exchanges with 38 Percent of ETP Listings and Switches in the Second Quarter of 2016
Allied World Assurance Company Holdings, AG announced today the launch of a new Sportsman Program between Allied World North America and Venture Insurance Programs. The specialty insurance program is part of Venture’ s Suitelife Program and offers coverage for private hunting and fishing resorts, lodges, and plantations. The Sportsman insurance coverage underwritten by Allied World includes property, general liability, crime, commercial auto, liquor..."/>
Allied World North America and Venture Insurance Programs Launches Sportsman Coverage
Westamerica Bancorporation, parent company of Westamerica Bank, generated net income for the second quarter 2016 of $14.5 million and diluted earnings per common share of $0.57, compared to net income of $14.2 million and EPS of $0.56 for the prior quarter, and net income of $14.8 million and EPS of $0.58 for the second quarter 2015.. "Westamerica’ s revenue stream was stable from the first quarter 2016 to the second quarter 2016, with fully-taxable..."/>
Westamerica Bancorporation Reports Second Quarter 2016 Financial Results
Wintrust Financial Corp., which has a bank branch in Dyer and a few in the south suburbs, had a record second quarter profit of $50 million, or 90 cents per share. The Rosemont-based parent company of Wintrust Bank grew profits by 14 percent compare to last year. Wintrust's net income has grown by 20 percent to $99.2 million during the first half of 2015 compared $82.9 million in the same period last year."/>
Wintrust posts record profit in second quarter [The Times, Munster, Ind.]
Farmers National Banc Corp. reported a significant year-over-year increase in second-quarter earnings. On Wednesday, the Canfield-based bank reported net income for the second quarter of $5 million compared with $812,000 generated in the second quarter of 2015 for an increase of more than 80 percent. For the first quarter of 2015, the bank reported net income of $4.8 million."/>
Farmers posts increase in earnings [Vindicator, Youngstown, Ohio]
United Community Financial Corp. has posted a 29.2 percent year-over-year increase in its second-quarter earnings. The parent company of Home Savings and Loan Co. reported net income of $5.3 million, up from $4.1 million reported in the second quarter of 2015.. "We have developed a much more diverse business model over the past 24 months," said Gary M. Small, president and chief executive officer..."/>
Home Savings reports second-quarter earnings [Vindicator, Youngstown, Ohio]
CNB Financial Corporation, the parent company of CNB Bank, today announced its earnings for the second quarter and first six months of 2016. Highlights include the following:."/>
CNB Financial Corporation Reports Second Quarter Earnings for 2016

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