Industry News

Kimco Realty Corp. today announced that it will redeem $290,915,000 aggregate principal amount of its 5.70% Senior Notes due 2017, representing all outstanding Senior Notes, on August 26, 2016. The Senior Notes were issued pursuant to an Indenture, dated as of September 1, 1993, between Kimco and The Bank of New York Mellon, as trustee, as supplemented and amended by the First Supplemental Indenture, dated as of August 4, 1994, the Second Supplemental Indenture,..."/>
Kimco Realty Announces Redemption of its 5.70% Senior Notes due 2017
Kimco Realty Corp. and its wholly-owned entity, KRCX North Holdings, LLC, announced today that the outstanding aggregate principal amount of CAD $150 million Series 3 5.99% notes, maturing April 13, 2018, and the outstanding aggregate principal amount of CAD $200 million Series 4 3.855% notes, maturing August 4, 2020, of KRCX North Holdings, LLC will be redeemed as of August 26, 2016. The redemption amounts for the two series of notes will consist of CAD $1,000..."/>
Kimco Realty Corp. and KRCX North Holdings, LLC Announce Redemption of Canadian-Denominated Series 3 and Series 4 Notes Totaling $350 Million
Monroe Capital Corporation announced today that it will report its second quarter 2016 financial results on Monday, August 8, 2016, after the close of the financial markets.. The Company will host a webcast and conference call to discuss these operating and financial results on Tuesday, August 9, 2016 at 12:00 pm ET. The webcast will be hosted on a webcast link located in the Investor Relations section of our website at http://ir.monroebdc.com/events. cfm."/>
Monroe Capital Corporation Schedules Second Quarter 2016 Earnings Release and Conference Call
Cortland Bancorp, the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors declared a quarterly cash dividend of $0.07 per share. The dividend will be payable on September 1, 2016, to shareholders of record as of the close of business on August 10, 2016.. “We are pleased that our strong financial results have again allowed us to pay our quarterly cash dividend,” said James Gasior, President and Chief..."/>
Cortland Bancorp Declares Quarterly Cash Dividend of $0.07 Per Share
Chemical Financial Corporation today announced 2016 second quarter net income of $25.7 million, or $0.67 per diluted share, compared to 2016 first quarter net income of $23.3 million, or $0.60 per diluted share and 2015 second quarter net income of $19.0 million, or $0.54 per diluted share. Net income was $49.0 million, or $1.27 per diluted share, for the six months ended June 30, 2016, compared to $36.9 million, or $1.08 per diluted share, for the six months..."/>
Chemical Financial Corporation Reports 2016 Second Quarter Operating Results
RMR Group Inc. today announced that it will issue a press release containing its third quarter 2016 financial results before the Nasdaq opens on Tuesday, August 9, 2016. At 1:00 p.m. Eastern Time that afternoon, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results. The conference call telephone number is 329-4297. Participants calling from outside the United..."/>
The RMR Group Inc. Third Quarter 2016 Conference Call Scheduled for Tuesday, August 9th
CSB Bancorp, Inc.:. CSB Bancorp, Inc. today announced second quarter 2016 net income of $1,611,000 or$. 59 per basic and diluted share, as compared to $1,517,000 or$. 55 per basic and diluted share for the same period in 2015. For the six month period ended June 30, 2016 net income totaled $3,091,000, compared to $2,859,000 for the same period last year an increase of 8%."/>
CSB Bancorp, Inc. Reports Second Quarter Earnings
Riverview Bancorp, Inc. today reported net income of $1.7 million, or $0.08 per diluted share, in the first fiscal quarter ended June 30, 2016. This compares to $1.4 million, or $0.06 per diluted share, in the preceding quarter and $1.6 million, or $0.07 per diluted share, in the first fiscal quarter a year ago.. “We started our fiscal 2017 year with another quarter of consistent profitability, supported by the expansion of our net interest margin, strong loan..."/>
Riverview Bancorp Earnings Increase to $1.7 Million in First Quarter; Results Highlighted by Solid Loan Growth and an Expanding Net Interest Margin
First Community Bancshares, Inc. today reported its unaudited results of operations and other financial information for the quarter and six months ended June 30, 2016. The Company reported net income available to common shareholders of $6.26 million, or $0.36 per diluted common share for the quarter ended June 30, 2016, which represents a 9.09% increase in per share earnings compared to the same quarter of 2015. Net income available to common..."/>
First Community Bancshares, Inc. Announces Second Quarter 2016 Results and Increased Quarterly Dividend
Cortland Bancorp, the holding company for Cortland Savings and Banking Company, today reported net income increased 28% to $1.2 million, or $0.27 per share, for the second quarter of 2016, compared to $916,000, or $0.21 per share, for the second quarter of 2015. For the first six months ended June 30, 2016, net income grew 23% to $2.5 million, or $0.58 per share, compared to $2.1 million, or $0.46 per share, for the first six months ended June 30, 2015."/>
Cortland Bancorp Earns $2.5 Million in First Half of 2016, up 23% from 1H2015
Banner Corporation, the parent company of Banner Bank and Islanders Bank, today reported strong revenue generation propelled by growth from recent acquisitions that contributed to solid second quarter earnings. Net income in the second quarter of 2016 increased to $21.0 million, or $0.61 per diluted share, compared to $17.8 million, or $0.52 per diluted share, in the preceding quarter and $13.2 million, or $0.64 per diluted share, in the second..."/>
Banner Corporation Earns $21.0 Million, or $0.61 per Diluted Share, in the Second Quarter of 2016; Second Quarter Highlighted by Strong Revenue Growth
Flagstar Bancorp Inc. saw a quarter-over-quarter rise in home lending, and indicators point to continued gains. The mortgage servicing portfolio also increased. From April 1 through June 30 of this year, the financial institution closed $8.330 billion in residential loans."/>
Flagstar Mortgage Originations, Servicing Grow [Mortgage Daily]
Modified Mortgages Auctioned Off [Mortgage Daily]
Greater Hudson Bank, is the Hudson Valley's preeminent private bank for non-profits, businesses and municipalities. This leading position in the marketplace combined with an ideal size, affords the Bank the opportunity to offer clients cutting-edge banking products with extraordinary personal service and special attention that can only found at a true community bank. Consistent with the Bank's strategy to enhance business solutions for clients,..."/>
Greater Hudson Bank Helps Local Non-Profits With Specialized Banking Services
National Bank's Monetary Operations Department Adil Mukhamedzhanov, the bank reported on July 26.. Moreover tenge rate has been influenced by some internal factors, such as expectations of market participants, the movement of budgetary funds, tax payment periods and de-dollarization in the past few months,..."/>
BRIEF: Kazakh National Bank explains reasons of tenge rate fall [Trend News Agency, Baku, Azerbaijan]
Wells Fargo & Company Announces Dividend
Sovran Self Storage, Inc.' BBB'."/>
Correction: Fitch Rates Sovran's Inaugural Public Bond due 2026 'BBB'; Ratings on Negative Watch
Outerwall Inc. by Apollo Global Management LLC. On July 25, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Apollo Global Management will acquire Outerwall. Under the terms of the agreement, Outerwall shareholders will receive $52.00 for each share of Outerwall common stock."/>
Robbins Arroyo LLP: Acquisition of Outerwall Inc. (OUTR) by Apollo Global Management LLC (APO) May Not Be in Shareholders' Best Interests
ORIX Ventures Changes Name to ORIX Growth Capital
Charles Schwab legislative and regulatory affairs office, in the city for 23 years."/>
Business meets politics [The Record-Eagle, Traverse City, Mich.]
C&F Financial Corporation, the one-bank holding company for C&F Bank, today reported record second quarter net income of $4.7 million in 2016, or $1.37 per common share assuming dilution, compared with $4.1 million, or $1.21 per common share assuming dilution, for the second quarter of 2015. The Corporation reported net income of $7.2 million for the first six months of 2016, or $2.08 per common share assuming dilution, compared with $6.7 million, or..."/>
C&F Financial Corporation Announces Record Second Quarter Net Income
Ally Financial Inc. on Tuesday reported a jump in net income in the second quarter after the auto lender redeemed preferred shares that carried a high dividend. Detroit-based Ally Financial, which has one of its employee hubs in Charlotte, posted a profit available to common shareholder of $345 million, compared with a loss of $1.1 billion a year ago, when it had preferred dividend payments of $1.3 billion. Earnings per share jumped to 71 cents from a loss of $2.22 last year."/>
Ally Financial reports a jump in net income [The Charlotte Observer]

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