Industry News

First Asset Closed-End Funds July Distributions
Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, today announced it will release the Company’ s 2016 second quarter financial results after the close of U.S. financial markets on Tuesday, August 2, 2016. Company management will conduct an investor conference call starting at 10 a.m. EDT on Wednesday, August 3, 2016.."/>
Argo Group Schedules Its 2016 Second Quarter Earnings Release and Conference Call
CASH AMERICA INTERNATIONAL, INC., a leading provider of pawn lending and related services in the United States, plans to release its second quarter 2016 results on Thursday, July 28, 2016 before the market opens. Following the release, management will host the Company’ s quarterly conference call to discuss Second Quarter 2016 results on Thursday, July 28, 2016, at 8:00 a.m. Eastern Time. The call is being webcast and may be accessed on the Investor Relations..."/>
Cash America International, Inc. Second Quarter 2016 Earnings Conference Call
Sterling Bancorp, announced today that Robert W. Koar, has joined as Senior Managing Director. He will lead a team of relationship managers dedicated to providing commercial banking services to middle market companies in New Jersey. Koar reflects the continued growth of Sterling's broad team-based approach to providing highly personalized services to its clients across multiple disciplines,..."/>
Robert W. Koar Joins Sterling National Bank
Old Line Bancshares, Inc., the parent company of Old Line Bank, reports net loans held-for-investment increased $66.2 million, or 5.63%, and deposits grew $29.3 million, or 2.38%, compared to March 31, 2016. Net income available to common stockholders increased $530 thousand, or 20.38%, to $3.1 million for the three months ended June 30, 2016, compared to $2.6 million for the three months ended June 30, 2015. Earnings were $0.29 per basic and $0.28 per diluted..."/>
Old Line Bancshares, Inc. Reports Strong Organic Loan Growth of 5.63% and $3.1 Million in Net Income Available to Common Stockholders for the Quarter Ended June 30, 2016
Lexington Realty Trust, a real estate investment trust focused on single-tenant real estate investments, today announced that it has closed on a $197.2 million non-recourse first mortgage loan secured by its build-to-suit project in Lake Jackson, Texas. Lexington committed to fund up to $166.2 million for the project in 2014 and has an investment balance of $83.9 million as of June 30, 2016. The project, expected to be substantially completed in the fourth..."/>
Lexington Realty Trust Obtains $197 Million in Credit Tenant Lease Financing
Chesswood Group Limited announced today a cash dividend of $0.065 per share for the month of July. The dividend will be payable to shareholders of record at the close of business on July 29, 2016, and will be paid on August 15, 2016.. Chesswood Group Limited has designated its dividends as eligible dividends for the purposes of the Income Tax Act."/>
Chesswood Group Limited Announces July 2016 Dividend
GEO Group, Inc. announced that on July 20, 2016, its Board of Directors declared a quarterly cash dividend of $0.65 per share. The quarterly cash dividend will be paid on August 12, 2016 to shareholders of record as of the close of business on August 1, 2016.. George C. Zoley, Chairman and Chief Executive Officer of GEO, said:“ We are pleased to declare a quarterly cash dividend of $0.65 per share, or $2.60 per share annualized, which is indicative of our continued..."/>
The GEO Group Declares Quarterly Cash Dividend of $0.65 Per Share
Morgan Stanley today reported net revenues of $8.9 billion for the second quarter ended June 30, 2016..."/>
Morgan Stanley Reports Second Quarter 2016:
M&T Bank Corporation today reported its results of operations for the quarter ended June 30, 2016.. GAAP Results of Operations. Diluted earnings per common share measured in accordance with generally accepted accounting principles for the second quarter of 2016 were $1.98, equal to the year-earlier period and up from $1.73 recorded in the first quarter of 2016. GAAP-basis net income in the recently completed quarter totaled $336 million,..."/>
M&T Bank Corporation Announces Second Quarter Results
Four Corners Property Trust disclosed on Wednesday that it acquired six Pizza Hut restaurants in the Chicago-Naperville-Elgin MSA in Illinois and Indiana for USD5.7m, through a sale and leaseback transaction. Further, the company stated that it used available cash on hand to finance the acquisition. Thees restaurants are 100% occupied under triple-net leases with terms of 20.0 years and an average going-in cash cap rate of 7.2%, exclusive of transaction costs, it added."/>
Four Corners Property acquires six restaurants in leaseback transaction worth USD5.7m
BankUnited, Inc. today announced financial results for the quarter ended June 30, 2016.. For the quarter ended June 30, 2016, the Company reported net income of $56.7 million, or $0.52 per diluted share, compared to $46.6 million, or $0.43 per diluted share, for the quarter ended June 30, 2015. For the six months ended June 30, 2016, the Company reported net income of $111.6 million, or $1.03 per diluted share."/>
BankUnited, Inc. Reports Second Quarter 2016 Results
Gramercy Property Trust, a real estate investment trust, announced today that Gramercy Property Europe plc, a Europe-focused real estate investment fund sponsored and managed by a subsidiary of the Company, acquired a logistics facility in Frechen, Germany, for approximately €10.4 million. The cross-dock building spans 198,000 square feet and is leased through July 2025 to a subsidiary of Germany’ s largest supermarket chain. Since inception, the Fund has acquired..."/>
Gramercy Europe Acquires €10.4 Million Warehouse in Frechen, Germany
Marquette National Corporation today announced that its Board of Directors declared a cash dividend of $0.375 per share. 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 Corporation Declares Dividend of $0.375 per Share
Southwest Bancorp Inc. reported net income of $5.4 million, or 28 cents per share in the second quarter, up from $4.2 million, or 22 cents per share, for the same period a year ago. Southwest, parent of Bank SNB, also said Tuesday that its board of directors has approved a quarterly cash dividend of 8 cents per share payable Aug. 12, to shareholders of record as of July 29.. "We are pleased with the improvement in earnings and efficiency," Mark Funke, president and CEO of..."/>
Southwest Bancorp reports improved earnings in second quarter [The Oklahoman, Oklahoma City]
Marquette National Corporation today announced the reappointment of Michael Devlin to the board of directors of the Company. Devlin is an experienced commercial banker who had served on the board of directors for the past 18 years, until the end of April. The publicly traded bank holding company of which Mr."/>
Marquette National Corporation Announces Reappointment of Board Member
Signature Bank Reports 2016 Second Quarter Results
Ally Financial Inc revealed on Tuesday that its board of directors approved a quarterly cash dividend of USD0.08 per share on the company's common stock. The dividend will be paid on 15 August 2016 to shareholders of record at the close of business on 1 August 2016.. Additionally, the board authorised a common stock repurchase programme of up to USD700m, commencing as of the third quarter of 2016 and continuing till the second quarter of 2017.."/>
Ally Financial declares dividend of USD0.08 per share and USD700m repurchase programme
First Federal of Northern Michigan Bancorp Inc authorised a quarterly cash dividend of USD0.04 per share on the company's common stock, it declared on Tuesday. Stockholders of record as of the close of business on 29 July 2016 will receive the dividend payment on or about 26 August 2016.. First Federal operates as a holding company of First Federal of Northern Michigan that provides various financial services through eight branches."/>
First Federal of Northern Michigan Bancorp declares dividend of USD0.04 per share for quarter
Mercantile Bank Corporation approved a regular common stock cash dividend of USD0.17 per share for the quarter, the company reported on Tuesday. This dividend that represents an increase of about 6%, will be paid on 21 September 2016 to shareholders of record as of 9 September 2016.. Mercantile Bank operates as the parent of Mercantile Bank of Michigan that provides commercial banking services in the US."/>
Mercantile Bank announces 6% increased dividend of USD0.17 per share for quarter

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