Industry News

Apple Hospitality REIT Inc approved a regular common stock cash distribution of USD0.10 per share for September 2016, the company disclosed on Friday. Shareholders of record as of 2 September 2016 will receive the dividend payment on 15 September 2016. Based on the company's common stock closing price of USD19.88 per share on 18 August 2016, the annual distribution USD1.20 per share reflects an annual yield of about 6.0%."/>
Apple Hospitality declares distribution of USD0.10 per share for September 2016
Third Century Bancorp reported on Friday that its board of directors approved a dividend of USD0.04 per share. All shareholders of record on 15 September 2016 will be paid the dividend on 3 October 2016.. Third Century Bancorp operates as the holding company for Mutual Savings Bank that provides various banking products and services in Indiana."/>
Third Century Bancorp declares dividend of USD0.04 for share
Chesswood Group Limited announced today a cash dividend of $0.065 per share for the month of August. The dividend will be payable to shareholders of record at the close of business on August 31, 2016, and will be paid on September 15, 2016.. Chesswood Group Limited has designated its dividends as eligible dividends for the purposes of the Income Tax Act."/>
Chesswood Group Limited Announces August 2016 Dividend
GEO Group Inc declared on Friday that the Federal Bureau of Prisons has rescinded its contract modification granted earlier that extended the contract to operate the company-owned D. Ray James Correctional Facility under existing terms, until 30 September 2018.. Therefore, the company said it expects to receive a modification to operate the facility under new terms. This most recent development will be discussed on its scheduled conference call at 11:00 ET, based on..."/>
GEO Group declares change in D. Ray James Correctional Facility's contract renewal status
Wells Fargo announces preferred stock dividends on 11 series
ZAIS Financial Corp. mortgage banking subsidiary, GMFS, has executed its business continuity plan in light of the severe flooding that has occurred in southern Louisiana, the company said. The company said GMFS remains fully operational, with its systems fully functional and employees reporting to work. GMFS continues to close and sell loans, although at a reduced volume."/>
ZAIS Financial updates operations following Louisiana flooding
Sierra Bancorp has expanded the number of authorized directors on its board to 10 and approved the appointment of three new board members effective September 15, 2016, the company said. The newly appointed directors are Robb Evans, Vonn R. Christenson and Laurence S. Dutto, Ph.D., who were also appointed as directors of Bank of the Sierra by the bank's board. Sierra Bancorp is the holding company of Bank of the Sierra, a publicly traded company with approximately USD2.0 billion in..."/>
Sierra Bancorp expands board to 10 members
CommerceWest Bank has received the bank's board of directors and regulatory approval of a common stock repurchase program of up to USD3.2 million over the next 12 months, the company said. The bank said the timing of repurchases and the exact amount of common equity that may be repurchased under the new authorization will depend on various factors, including market conditions; legal and regulatory considerations; and the Bank's capital position. CommerceWest Bank is a..."/>
CommerceWest Bank approved for stock repurchase plan
Cathay General Bancorp has declared a cash dividend of USD0.18 per common share, the company said. The dividend is payable on September 12, 2016, to stockholders of record at the close of business on September 1, 2016.. Cathay General Bancorp is the holding company for Cathay Bank, a California state-chartered bank, and offering a wide range of financial services through 58 branches in the US and one in Hong Kong."/>
Cathay General Bancorp declares dividend
Popular Inc authorised a quarterly cash dividend of USD0.15 per share on the company's outstanding common stock, it revealed on Friday. Shareholders of record at the close of business on 9 September 2016 will receive the dividend payment on 3 October 2016.. Popular is a banking institution in Puerto Rico and the US."/>
Popular announces dividend of USD0.15 per share for quarter
Wells Financial Corp. has declared a USD0.25 per share quarterly cash dividend, the company said. The dividend is payable on September 16, 2016, to stockholders of record as of the close of business on September 2, 2016.. Wells Financial Corp. is the bank holding company for Wells Federal Bank, a Minnesota-chartered, FDIC-insured bank."/>
Wells Financial declares USD0.2 cash dividend
Cathay General Bancorp has reported Dunson K. Cheng intends to retire from his position as president and chief executive officer, effective September 30, 2016 and plans to continue as executive chairman of the company and of Cathay Bank, the company said. In accordance with the company's succession plan, the boards of directors of the company and of Cathay Bank appointed Pin Tai as CEO and president of the company and as CEO of Cathay Bank, effective October 1, 2016."/>
Cathay General Bancorp appoints new president/CEO
Voya Financial, Inc. has hired Miles Edwards and Michele White as senior vice presidents of the firm, the company said. Edwards will lead operations for its retirement business, and will be responsible for all operational functions that support Voya's corporate and tax-exempt retirement plan segments, as well as its retail phone-based investor channel and the Voya Financial Advisors broker-dealer operations. Prior to Voya, Edwards served as senior vice president of the..."/>
Voya Financial hires 2 execs for key operations
Wellesley Bancorp, Inc. has approved a quarterly cash dividend to its stockholders of USD0.04 per common share, the company said. The dividend is to be paid on September 21, 2016 to stockholders of record as of the close of business on September 7, 2016.. Wellesley Bank and its wholly owned wealth management company, Wellesley Investment Partners, LLC, are subsidiaries of Wellesley Bancorp, Inc. The bank serves the Boston area with banking and wealth..."/>
Wellesley Bancorp declares US0.04 quarterly dividend
Renasant Corporation has priced USD60 million of its 5.00 percent fixed-to-floating rate subordinated notes due September 1, 2026, and USD40 million of its 5.50 percent fixed-to-floating rate subordinated notes due September 1, 2031, the company said. The 5.00 percent notes due September 1, 2026 have an initial fixed interest rate of 5.00 percent until August 31, 2021, payable semi-annually in arrears. The offerings were underwritten by Sandler O'Neill+ Partners, L.P.;..."/>
Renasant prices subordinated notes
Legg Mason has completed the acquisition of an 82 percent interest in Financial Guard LLC, an online registered investment advisor and technology-enabled wealth management and investment advice platform, the company said. The firm will operate as part of Legg Mason's alternative distribution strategies business, which focuses on combining technology with Legg Mason's investment affiliates' capabilities to better serve clients. Legg Mason is a global asset management..."/>
Legg Mason acquires Financial Guard
MVB Financial Corp., has declared a quarterly cash dividend of USD0.02 per share, the company said. The dividend is payable to shareholders of record at the close of business on September 1, 2016, payable September 15, 2016.. MVB Financial Corp. is a financial holding company headquartered in Fairmont, W.Va."/>
MVB declares Q3 2016 dividend
Voya Financial, Inc. has named the nonprofit organizations selected in the third quarter to receive grants through Voya Foundation, the company's charitable giving arm, the company said. Voya Foundation supports local and national nonprofits whose missions align with its focus on children's education and financial literacy. Voya invests in programming to help foster healthy, sustainable communities."/>
Voya Financial names Q3 2016 grant recipients
F.N.B. Corporation has declared a quarterly cash dividend of USD0.12 per share on F.N.B. Corporation's common stock, the company said."/>
F.N.B. declares quarterly dividend
KeyCorp, has expanded its platform and leadership team following the merger of KeyCorp and First Niagara Financial Group, the company said. The expanded platform includes more than 50 new bankers, portfolio managers and servicing officers from First Niagara across the country in KeyBank Real Estate Capital's income property, community development lending, healthcare and servicing groups."/>
KeyBank expands leadership team following First Niagara merger
Virtus Investment Partners, Inc. has declared a quarterly cash dividend of USD0.45 per common share for the third quarter of 2016, the company said. The dividend will be paid on November 11, 2016 to shareholders of record at the close of business on October 31, 2016.. Virtus Investment Partners is a partnership of boutique investment managers that operates a multi-manager asset management business."/>
Virtus Investment declares USD0.45 quarterly cash dividend
New York REIT, Inc. today announced that the Company's Board of Directors has determined, after considering other strategic alternatives available, that it is in the best interests of NYRT to adopt a plan of liquidation and dissolution that provides for the sale of the Company's assets and distribution of the net proceeds to the Company's stockholders, after which the Company will be dissolved. NYRT also announced that the Company has amended..."/>
New York REIT Announces Plan of Liquidation and Dissolution
Nam Tai Property Inc. today announced that due to still the low share price of the Company shares, its board of directors has approved a stock repurchase program to buy back to US $50 million of its common stocks in the open market at prevailing market prices for the period of four weeks starting from September 3, 2016. The actual number of common stocks to be repurchased will depend upon market conditions and other factors, in accordance with..."/>
Nam Tai Property Inc. Shares Buy Back Announcement
Home Financial Bancorp on Friday reported a net income of USD79, 000 or USD0.07 basic and diluted earnings per common share for the fourth quarter ended 30 June 2016, greatly improved from the net loss of USD83, 000 or USD0.07 basic and diluted earnings per common share in the same period of 2015.. The company said that this change was mainly the result of a change in estimate related to the useful life of a non-bank property held for future bank use in the three months ended 30 June..."/>
Home Financial reports higher net income for Q4 2016 year over year

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