Industry News

Farmers Capital Bank Corporation reported net income of $3.6 million or$. 47 per common share for the second quarter and $9.7 million or $1.30 per common share for the first six months of 2016. Net income for the current quarter decreased $2.6 million or 42.5% compared with the current-year first quarter, which represents a decrease of$. 35 per common share. Linked quarter per common share earnings declined$. 35 primarily due to a nonrecurring gain on the..."/>
Farmers Capital Bank Corporation Announces Second Quarter Earnings
AMERICAN BUSINESS BANK today reported net income of $3,278,000 for the second quarter of 2016. Earnings per share were $0.49 at the end of the second quarter of 2016 versus $0.47 at the end of the second quarter of 2015. The Bank’ s“ core” earnings per share for the same period were $0.30 for 2016 versus $0.41 in 2015.."/>
AMERICAN BUSINESS BANK Announces Its Results for the Second Quarter Ended June 30, 2016, Including 11% Loan Growth and 8% Deposit Growth over 2015 Second Quarter.
Entegra Financial Corp., today announced that its banking subsidiary has opened a loan production office in Clemson, South Carolina at 133 Thomas Green Blvd., Suite 200. In addition, Art Wray has been hired as the Mortgage Lending Officer who will manage the Clemson office.. Wray has over twenty-five years of mortgage lending experience in South Carolina, with much of that in the Clemson area."/>
Entegra Financial Corp. Announces the Opening of a Loan Production Office in Clemson, South Carolina
Progressive Corp. seeking permission from the..."/>
Lawmaker submits amendment to stop auto insurance rate hikes for seniors [Portland Press Herald, Maine]
Citigroup Inc. today announced that it intends to apply for the delisting of its common stock from the Tokyo Stock Exchange. Delisting is expected to come into effect by the end of August 2016, subject to receipt of TSE approval. Citi has been in Japan since 1902, and the delisting from the TSE will not affect Citi's businesses in the country."/>
Citi to Delist from Tokyo Stock Exchange
National Bank Holdings Corporation is pleased to announce that David Terry has joined NBH Bank as Senior Vice President and Hillcrest Bank Commercial Market President in the Dallas-Ft. Terry, who will expand our existing team of bankers, will oversee all aspects of commercial banking, including commercial loans, depository and treasury management relationships, as well as serving as senior market executive in North Texas."/>
National Bank Holdings Corporation Names New Commercial Market President for the North Texas Region
CVB Financial Corp. and its subsidiary, Citizens Business Bank, announced earnings for the quarter ended June 30, 2016.. CVB Financial Corp. reported net income of $25.5 million for the..."/>
CVB Financial Corp. Reports Second Quarter Earnings for 2016
LGI Homes Inc. will replace Krispy Kreme Doughnuts Inc. in the S&P SmallCap 600 after the close of trading on Wednesday, July 27. JAB Holdings is acquiring Krispy Kreme Doughnuts in a deal expected to be completed on or about that date pending final approvals. LGI Homes engages in the design, construction, marketing, and sale of new homes."/>
LGI Homes Set to Join the S&P SmallCap 600
Freedom Bank of Virginia had second quarter net income of $663,424, up 45.9% from $454,857 for the second quarter of 2015, and midyear net income of $1,065,875, up 78.4% from $597,381 earned through June 30, 2015.. CEO Craig Underhill indicated,“ The Bank is leveraging its increased legal lending limit to grow its loan portfolio, while maintaining our stringent credit underwriting standards. We made $1 million in net income by midyear for the first time, and are..."/>
Freedom Bank Posts Record Q2 and Midyear Net Income
Eagle Bancorp, Inc., the parent company of EagleBank, Bethesda, Maryland, today announced that it had commenced a public offering of $75,000,000 of its fixed-to-floating subordinated notes, due 2026.. The Company intends to use the net proceeds of the offering for general corporate purposes, including but not limited to contribution of capital to its subsidiaries, including EagleBank, to support continued growth. Sandler O’ Neill+ Partners, L.P. is acting..."/>
Eagle Bancorp, Inc. Announces Subordinated Notes Offering
Pinetree Capital Ltd. today announced the completion of the previously announced consolidation of its issued and outstanding common shares on the basis of one post-Consolidation Common Share for every 100 pre-Consolidation Common Shares. The Common Shares will begin trading on a consolidated basis on the Toronto Stock Exchange on July 22, 2016 under the same trading symbol. As a result of the Consolidation, Pinetree expects to have..."/>
Pinetree Capital Ltd. Announces Completion of Share Consolidation
Home BancShares, Inc.’ s, parent company of Centennial Bank, Board of Directors declared a regular $0.09 per share quarterly cash dividend payable August 31, 2016, to shareholders of record August 10, 2016. This cash dividend represents a $0.015 per share, or 20.0%, increase over the $0.075 per share cash dividend paid during the third quarter of 2015 and a 2.85% increase over the regular cash dividend paid out during the second quarter of 2016.."/>
Home BancShares, Inc. Announces a 20.0% Increase in Third Quarter Regular Cash Dividend
SL Green Realty Corp.:. Second quarter 2016 FFO of $3.41 per share before transaction related costs of $0.02 per share compared to second quarter 2015 FFO of $1.65 per share before transaction related costs of $0.03 per share. Second quarter 2016 FFO includes a lease termination fee of $94.0 million, or $0.90 per share, and the write-off of accounting related balances of $75.3 million, or $0.72 per share, related to the early lease termination and sale of 388-390 Greenwich..."/>
SL Green Realty Corp. Reports Second Quarter 2016 FFO of $3.41 Per Share before Transaction Costs; and EPS of $1.33 Per Share
Bank of Nova Scotia has announced that it will redeem for$ CDN25.00 cash per share all of its outstanding Non-Cumulative Preferred Shares, Series 15 on Wednesday, July 27, 2016. The preferred shares will be removed from the S&P/TSX Preferred Share Index and the S&P/TSX North American Preferred Stock..."/>
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
InterRent Real Estate Investment Trust announced today that its distribution declared for the month of July 2016 is $0.01925 per Trust unit, equal to $0.231 per Trust unit on an annualized basis. Payment will be made on or about August 15, 2016 to unitholders of record on July 31, 2016.."/>
InterRent Announces July 2016 Distributions
Bank of the Ozarks, Inc. announced today the completion of its merger of Community& Southern Holdings, Inc. with and into the Company effective July 20, 2016. Simultaneous with the closing of this merger, Community& Southern Bank, C&S’ wholly-owned bank subsidiary, merged with and into the Company’ s wholly-owned bank subsidiary, Bank of the Ozarks. This is the Company’ s largest acquisition to date and its fourteenth acquisition since March of 2010."/>
Bank of the Ozarks, Inc. Announces Completion of its Merger With Community & Southern Holdings, Inc.
United Bank posted lower profits in the second quarter, as expenses rose and fee income fell. United Financial Bancorp Inc. said net income was $9.1 million, or 18 cents per diluted share, for the quarter ended June 30, compared with $13.3 million, or 27 cents per share, a year earlier. The bank announced its earnings after market close Tuesday."/>
United Bank Parent Posts Lower Quarterly Profits [The Hartford Courant]
Community Financial Corporation, the holding company for Community Bank of the Chesapeake, reported its results of operations for the second quarter and first half of 2016. Consolidated net income available to common shareholders was $1.7 million or $0.38 per common share for the three months ended June 30, 2016, an increase of $130,000, or $0.03 per common share, compared to the three months ended March 31, 2016. The Company's income before income..."/>
The Community Financial Corporation Announces Results of Operations for Second Quarter of 2016
BlackRock, Inc. today announced that its Board of Directors has declared a quarterly cash dividend of $2.29 per share of common stock, payable September 23, 2016 to shareholders of record at the close of business on September 2, 2016.. BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At June 30, 2016, BlackRock’ s AUM was $4.890 trillion."/>
BlackRock Declares Quarterly Dividend of $2.29 on Common Stock
Choice Properties Real Estate Investment Trust announced today that the trustees of Choice Properties have declared a distribution for the month of July, 2016 of $0.059167 per trust unit, representing $0.71 per unit on an annualized basis, payable August 15, 2016 to Unitholders of record on July 29, 2016.."/>
Choice Properties Real Estate Investment Trust Declares Distribution for the Month of July, 2016
East West Bancorp, Inc., parent company of East West Bank, the financial bridge between the United States and Greater China, today reported its financial results for the second quarter of 2016. For the second quarter of 2016, net income was $103.3 million or $0.71 per diluted share. “East West is pleased to report strong earnings of $103.3 million or $0.71 per diluted share for the second quarter of 2016, an increase in diluted earnings per share of $0.03 or 4% from..."/>
East West Bancorp Reports Net Income for Second Quarter 2016 of $103.3 Million, up 5% from Prior Year Quarter and Diluted Earnings Per Share of $0.71, up 4% from Prior Year Quarter

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