Industry News

Sovran Self Storage, Inc. a self storage real estate investment trust, today announced details of a financing arrangement totaling $200 million of senior unsecured notes. The Company will use proceeds from the $200 million privately placed term notes to repay a portion of its outstanding line of credit. The Series F notes bear interest at 3.67% for their 12- year term."/>
Sovran Self Storage, Inc. Completes Financing of $200 Million of Senior Unsecured Notes
First Republic Bank, a leading private bank and wealth management company, today announced a public offering of its Subordinated Notes. First Republic expects to use the net proceeds from the offering for general corporate purposes, which may include, among other things, funding loans or purchasing investment securities for its portfolio. First Republic may also use the net proceeds of the Offering, together with cash on hand, to redeem,..."/>
First Republic Announces Subordinated Notes Offering
Summit Financial Group, Inc. today reported second quarter 2016 net income of $4.24 million, or $0.40 per diluted share, compared to $4.01 million, or $0.38 per diluted share, for the second quarter of 2015, representing an increase of 5.8 percent, or 5.3 percent per diluted share. Q2 2016 earnings compared to Q2 2015 and Q1 2016 were negatively impacted by increased personnel costs and other noninterest expenses, which were offset by increased net..."/>
UPDATE -- Summit Financial Group Reports Second Quarter and First Half 2016 Results
Inovalis Real Estate Investment Trust today announced the closing of its previously announced public offering of 4,842,190 trust units, inclusive of 631,590 Units issued pursuant to the exercise in full of the over-allotment option, on a bought deal basis, at a price of $9.50 per Unit for total gross proceeds to the REIT of $46,000,805. The Offering was conducted..."/>
Inovalis Real Estate Investment Trust announces Closing of $46 million Bought Deal Financing
Black Knight Financial Services, Inc. released its latest Home Price Index report, based on May 2016 residential real estate transactions. The Black Knight HPI utilizes repeat sales data from the nation's largest public records data set, as well as its market-leading, loan-level mortgage performance data, to produce one of the most complete and accurate measures of home prices available for both..."/>
Black Knight Home Price Index Report: May 2016 Transactions -- U.S. Home Prices Up 1.1 Percent for the Month; Up 5.4 Percent Year-Over-Year
Eastern Virginia Bankshares, Inc., the one bank holding company of EVB, reported today its results of operations for the three and six months ended June 30, 2016.. The Company's results for the three and six months ended June 30, 2016 were directly impacted by increases in the average balances of loans, deposits, short-term borrowings and senior subordinated debt during the three and six months ended June 30, 2016 as compared to the same..."/>
Eastern Virginia Bankshares, Inc. Releases Second Quarter 2016 Results
Magyar Bancorp, parent company of Magyar Bank, reported today the results of its operations for the three and nine months ended June 30, 2016.. The Company reported net income of $252,000 for the three months ended June 30, 2016, compared to net income of $245,000 for the three months ended June 30, 2015. Net income for the nine months ended June 30, 2016 was $740,000 compared to net income of $574,000 for the nine months ended June 30, 2015.."/>
Magyar Bancorp, Inc. Announces Third Quarter Financial Results
Franklin Financial Services Corporation, the bank holding company of F&M Trust, reported earnings of $1.6 million for the second quarter ended June 30, 2016. This represents a 36.9% decrease when compared to second quarter 2015 earnings of $2.5 million and a 42.7% decrease when compared to first quarter 2016 earnings of $2.7 million. Second quarter 2016 earnings were negatively affected by the provision for loan loss expense of $1.88..."/>
Franklin Financial Reports Second Quarter 2016 Earnings
QTS Realty Trust, an international provider of data center, managed hosting and cloud services, announced today that David McOmber, formerly with IBM, has joined the company as Executive Vice President– Public Sector and Federal Sales. McOmber has more than 20 years of industry experience, most recently serving as IBM's Vice President of Federal Civilian and Healthcare Agencies where he was responsible for the overall strategy,..."/>
QTS Adds David McOmber as Executive Vice President, Public Sector and Federal Sales
MutualFirst Financial, Inc., the holding company of MutualBank, announced today net income available to common shareholders for the second quarter ended June 30, 2016 increased to $4.2 million, or $0.55 diluted earnings per common share. This compared to net income available to common shareholders for the same period in 2015 of $3.2 million, or $0.43 diluted earnings per common share. Annualized return on average assets was 1.10% and return..."/>
MutualFirst Announces Increased Earnings in the Second Quarter of 2016
Peoples Bancorp of North Carolina, Inc., the parent company of Peoples Bank, reported second quarter and year to date earnings results with highlights as follows:. Net earnings were $3.0 million or $0.54 basic net earnings per share and $0.53 diluted net earnings per share for the three months ended June 30, 2016, as compared to $2.6 million or $0.47 basic and diluted net earnings per share for the same period one year ago. On June 16, 2016, The North Carolina..."/>
Peoples Bancorp Announces Second Quarter Earnings Results and Stock Repurchase Plan
National Interstate Corporation announced today that it has entered into a definitive agreement with Great American Insurance Company, a wholly-owned subsidiary of American Financial Group, Inc., in which Great American will acquire the approximately 49% of the Company’ s issued and outstanding common shares that Great American does not presently own. The merger is an all-cash transaction that values the Company at approximately $660 million,..."/>
Great American Insurance Company to Acquire National Interstate Corporation
FIERA CAPITAL'S ALTERNATIVE INVESTMENT OFFERING. /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/."/>
Fiera Capital closes joint venture transaction with Aquila Infrastructure Management
Bank of Hawaii Corporation today reported diluted earnings per share of $1.03 for the second quarter of 2016, down from diluted earnings per share of $1.16 in the previous quarter and up from diluted earnings per share of $0.95 in the same quarter last year. Net income for the second quarter of 2016 was $44.2 million compared with net income of $50.2..."/>
Bank of Hawaii Corporation Second Quarter 2016 Financial Results
Meta Financial Group, Inc. ®. Highlights for the 2016 fiscal third quarter and nine months ended June 30, 2016.."/>
Meta Financial Group, Inc.® Reports Results for 2016 Fiscal Third Quarter
WisdomTree Investments, Inc., through its subsidiaries in the U.S., Europe, Japan and Canada, is an exchange-traded fund and exchange-traded product sponsor and asset manager headquartered in New York. WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies."/>
WisdomTree ETFs Declare Distributions
Onex Corporation will release its results for the six months ended June 30, 2016 on August 11, 2016. A live broadcast of Onex' conference call to discuss the results will begin at 11:00 a.m. ET on August 11, 2016.. A link to the webcast and the 90- day on-line replay will be available under the Investor Information section of Onex' website at www.onex.com."/>
Onex to Announce Second-Quarter Results on August 11, 2016
Outerwall Inc. today announced that it has entered into an Agreement and Plan of Merger with affiliates of certain funds managed by affiliates of Apollo Global Management, LLC, a leading global alternative investment manager, pursuant to which the Apollo Funds will acquire all of the outstanding shares of Outerwall common stock for $52.00 per share in cash. The purchase price represents a premium of approximately 51 percent..."/>
OUTERWALL ENTERS INTO DEFINITIVE MERGER AGREEMENT TO BE ACQUIRED BY CERTAIN FUNDS MANAGED BY AFFILIATES OF APOLLO GLOBAL MANAGEMENT FOR $52.00 PER SHARE IN CASH

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