Industry News

Allied World Assurance Company Holdings, AG today reported net income of $153.4 million, or $1.70 per diluted share, for the second quarter of 2016, compared to net income of..."/>
Allied World Reports a 92.5% Combined Ratio for the Second Quarter 2016
Communities First Financial Corporation, Fresno, CA, the parent company of Fresno First Bank, today reported record profits for the second quarter and first half of 2016. Net income increased 5.3% to $738,000, or $0.27 per diluted share, for the second quarter of 2016, compared to $701,000, or $0.26 per diluted share, on a linked quarter basis and grew 8.9% from $677,000, or $0.25 per diluted share, for the second quarter of 2015. For the first six months..."/>
Communities First Financial Corporation Reports Record 2Q16 and YTD Earnings
Katahdin Bankshares Corp., parent company of Katahdin Trust Company, has released its quarterly unaudited financial report to shareholders. This report may be found at http://katahdintrust.com/ContentDocumentHandler. ashx? Katahdin Bankshares Corp. stock is quoted on the OTC Markets quote board OTCQX under the symbol KTHN."/>
Katahdin Bankshares Corp. Releases 2nd Quarter Unaudited Financial Report
Morgan Stanley today announced that Morgan Stanley Capital Trust III will redeem all of the issued and outstanding $880,000,000 aggregate liquidation amount of its 6.25% Capital Securities on August 18, 2016 pursuant to the optional redemption provisions provided in the documents governing such Capital Trust III Capital Securities. The redemption price will be equal to the $25 liquidation amount per Capital Trust III Capital Security plus $0.334201..."/>
Morgan Stanley Announces Redemption in Their Entirety of Outstanding Capital Securities Issued by Morgan Stanley Capital Trust III, Morgan Stanley Capital Trust IV, Morgan Stanley Capital Trust V and Morgan Stanley Capital Trust VIII
Enterprise Bancorp, Inc.. On July 19, 2016, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of $0.13 per share to be paid on September 1, 2016 to shareholders of record as of August 11, 2016. The 2016 dividend rate represents a 4.0% increase over the 2015 dividend rate."/>
Enterprise Bancorp, Inc. Announces Quarterly Dividend
Interactive Brokers Group, Inc. an automated global electronic broker and market maker, today reported diluted earnings per share on a comprehensive basis of $0.36 for the quarter ended June 30, 2016, compared to diluted earnings per share on a..."/>
Interactive Brokers Group Announces 2Q2016 Results
FirstMerit will release second quarter results on Tuesday, July 26, 2016.. The second quarter earnings release will be available at approximately 7:30 a.m. that same morning on the Internet at http://www.firstmerit.com under the Investor Relations portion of the website. FirstMerit Corporation is a diversified financial services company headquartered in Akron, Ohio, with assets of approximately $26.1 billion as of March 31, 2016,..."/>
FirstMerit Announces Date of Its 2016 Second Quarter Earnings Release
Santa Cruz County Bank, a top rated, locally owned and operated full-service community bank headquartered in Santa Cruz County, today announced unaudited net income for the second quarter ended June 30, 2016 of $1.526 million. This represents an increase of 2% compared to the prior quarter and an increase of 13% comparing this quarter with the same quarter in 2015. For the quarter, basic earnings per share increased$. 07 to $0.70, an 11%..."/>
Santa Cruz County Bank Reports Earnings for the Second Quarter Ended June 30, 2016
RLI Corp.-- RLI Corp. reported second quarter 2016 operating earnings of $27.3 million, compared to $34.1 million for the second quarter of 2015. For the six months ended June 30, 2016, operating earnings were $51.3 million compared to $56.0 million for the same period in 2015.. Highlights for the quarter included:."/>
RLI Reports Second Quarter 2016 Results
Quaint Oak Bancorp, Inc. is pleased to be celebrating its 90 th Charter Anniversary this month. Quaint Oak Bank is a community bank that combines banking, real estate, mortgage and insurance services with thoughtful communication, business expertise and responsive customer care.. For nearly a century, Quaint Oak Bank has amassed a trusted reputation among customers and constituents in the Delaware..."/>
Quaint Oak Bank Celebrates 90th Charter Anniversary with New Growth Initiatives
Federal Home Loan Mortgage Corp. loans that were refinanced was as high as it was in May. There were 173,217 residential loans backed or owned by Fannie Mae and Freddie Mac that were refinanced during all of May 2016.. Refinances of government-sponsored enterprise loans were the highest they've been since July 2015, when 198,080 loans were refinanced."/>
Freddie Drives GSE Refis to 10-Month High [Mortgage Daily]
MGIC Investment Corp. in its second-quarter earnings report."/>
MGIC Business, Delinquency and Earnings Improve [Mortgage Daily]
Greater Hudson Bank, the Hudson Valley's preeminent private bank for businesses, non-profits and municipalities has raised $9,195,000 in new capital. The capital was sourced in a private placement offering in which the Bank sold an additional 2,298,750 shares at $4.00 per share on June 21 st. "We are extremely pleased with the outcome of the raise," said Greater Hudson Bank President& CEO, Edward T. Lutz, who explained that the money raised came from Board..."/>
Greater Hudson Bank Capital Offering Oversubscribed
Teva Pharmaceutical Industries Ltd. announced today that, last night, it completed the pricing of a $15 billion bond offering, intended to help it to finance the acquisition of the generics division of Allergan plc. Reuters reported yesterday that the offering had attracted demand of $70 billion. Teva's debt offering, via by its special purpose finance subsidiary Teva Pharmaceutical Finance Netherlands III B.V., consists of the following tranches:."/>
Teva raises $15b debt [Globes, Tel Aviv, Israel]
Cellcom Israel Ltd. share is the best Israeli communications share for investment, according to Barclays Investment Bank, which has begun coverage of the Bezeq Israeli Telecommunication Co. Ltd., Cellcom, and Partner Communications Ltd. shares. Barclays rates Cellcom "Market outperform," Bezeq "Market perform," and Partner "Market underperform." Barclay's target price for Cellcom is NIS 32, 17% higher than the current share price, while its target prices for Bezeq and..."/>
Barclays: Golan exit would raise telco revenue [Globes, Tel Aviv, Israel]
Clal Insurance Enterprises Holdings Ltd. has been holding advanced talks to buy the entire stake of Delek Group Ltd. in the power plant near Ashkelon's desalination facility, for NIS 200 million. Delek, controlled by Yitzhak Tshuva and managed by CEO Asaf Bartfeld, announced that negotiations have indeed been underway. According to Delek's announcement, the talks are in an "advanced" stage and "if and as far as an obligatory agreement is signed,..."/>
Clal Insurance in talks to buy Delek power station [Globes, Tel Aviv, Israel]
National Bank of Canada and Tennis Canada are pleased to announce the renewal of their partnership for a six-year term. As the only financial institution in Canada with a commitment to the sport of tennis, National Bank is pledging its support through until 2022 via a number of initiatives aimed specifically at fostering development of the next generation of players in both the professional and amateur ranks, while continuing to help bring the..."/>
National Bank and Tennis Canada renew partnership to develop emerging generation of Canadian tennis players
New Mountain Finance Corporation announced today that John Kline has been promoted to President in addition to maintaining his role as Chief Operating Officer of New Mountain Finance Corporation. Robert Hamwee, who previously held the title of President and Chief Executive Officer, will continue in his capacity as CEO of NMFC."/>
New Mountain Finance Corporation Announces Management Promotion
Pure Multi-Family REIT LP announced today that the Board of Directors of Pure Multi-Family REIT Inc., the governing general partner of Pure Multi, has approved a cash distribution of US $0.03125 per unit for the month of July 2016. The distribution will be paid on August 15, 2016 to unitholders of record at the close of business on July 29, 2016.. The policy of Pure Multi is to pay cash distributions on or about the 15 th day of each month to the unitholders of..."/>
Pure Multi-Family REIT LP Announces July Distribution and Timing of Release of Q2 2016 Financial Results and Conference Call
Sun Life Financial Inc. including its senior and subordinated notes, as well as the Insurer Financial Strength ratings of SLF's primary Canadian insurance subsidiary, Sun Life Assurance Co. of Canada, at' AA-'. A full list of ratings follows at the end of this release. The Rating Outlook is Stable."/>
Fitch Affirms Sun Life Financial Inc.'s Ratings; Outlook Stable
Bar Harbor Bankshares, today announced that its Board of Directors declared at its July 19, 2016 meeting, a quarterly cash dividend of 27.5 cents per share of common stock, representing an increase of 0.5 cents, or 1.9%, compared with the prior quarter and an increase of 2.0 cents or 7.8% compared with the third quarter of 2015. The quarterly cash dividend is payable to all shareholders of record as of the close of business August 15, 2016 and will be paid on September..."/>
Bar Harbor Bankshares Increases Quarterly Cash Dividend
Pinnacle Bancshares, Inc., today announced Pinnacle’ s second quarter results of operations. For the three months ended June 30, 2016, Pinnacle reported net income of $556,000 compared to $617,000 for the three months ended June 30, 2015. For the six months ended June 30, 2016, Pinnacle reported net income of $1,194,000 compared to $1,154,000 for the six months ended June 30, 2015. Net interest income..."/>
Pinnacle Bancshares Announces Results for Second Quarter Ended June 30, 2016
CIT Group Inc., a leading provider of commercial lending and leasing services, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per common share on its outstanding common stock. The common stock dividend is payable on August 26, 2016 to common shareholders of record as of August 12, 2016.. Founded in 1908, CIT is a financial holding company with more than $65 billion in assets."/>
CIT Declares Quarterly Dividend

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