Industry News

BNC Bancorp, parent company for Bank of North Carolina, today reported financial results for the three and six months ended June 30, 2016. Highlights for the quarter include the following:. Solid earnings and returns GAAP net income of $14.6 million for second quarter of 2016, or $0.35 per diluted share; Operating earnings of $17.0 million for second quarter of 2016, or $0.41 per diluted share; Return on average assets of 1.00%; Operating..."/>
BNC Bancorp Announces Earnings for Second Quarter 2016
QCR Holdings, Inc. today announced net income of $6.7 million and diluted earnings per share of $0.53 for the quarter ended June 30, 2016. This included $231 thousand of acquisition costs related to the previously announced acquisition of Community State Bank. By comparison, for the quarter ended March 31, 2016, the Company reported net income of $6.4 million and diluted EPS of $0.53."/>
QCR Holdings, Inc. Announces Net Income of $6.7 Million for the Second Quarter of 2016 and Net Income of $13.1 Million Year-to-Date
Central Valley Community Bancorp, the parent company of Central Valley Community Bank, reported today unaudited consolidated net income of $9,461,000, and diluted earnings per common share of $0.86 for the six months ended June 30, 2016, compared to $5,544,000 and $0.50 per diluted common share for the six months ended June 30, 2015.. The Company recorded a reverse provision for credit losses of $4,850,000 in 2016, compared to a..."/>
Central Valley Community Bancorp Reports Earnings Results for the Six Months and Quarter Ended June 30, 2016
GAIN Capital Holdings, Inc., a global provider of online trading services, will announce its second quarter and first half 2016 earnings on Thursday, August 4, 2016 after the U.S. market closes. A conference call to discuss GAIN's financial and operating results will be held on that day at 4:30 pm ET. Conference Call: Participants may access the live call by dialing +1 888.349. 0112, or +1 412.317. 6001."/>
GAIN Capital to Report Second Quarter and First Half 2016 Results
Oak Valley Bancorp, the bank holding company for Oak Valley Community Bank and Eastern Sierra Community Bank, recently reported consolidated financial results. For the three months ended June 30, 2016, consolidated net income was $1,904,000, or $0.24 per diluted common share, compared to $1,509,000, or $0.19 per diluted common share, for the prior quarter and $1,510,000, or $0.19 per diluted common share for the same period a year ago."/>
Oak Valley Bancorp Reports 2nd Quarter Results and Announces Cash Dividend
Melisron Ltd. real estate group will become controlling stakeholder in Ofer Park in Petah Tikvah. Today, the company reported that it has signed an agreement to increase its stake in the park by acquiring a further 24% for NIS 192 million, NIS 160 million in cash and NIS 32 million in Melisron shares, according to their market value. At present, before the completion of the deal, Melisron has a 50% stake in the Azorei Malal company, which owns the rights to the existing park and to..."/>
Melisron buys controlling stake in Ofer Park [Globes, Tel Aviv, Israel]
TechnoPlus Ventures Ltd. investment company is preparing for a possible CompuLab computer company exit, in which TechnoPlus has a 14.62% stake. CompuLab is TechnoPlus' main holding, with an investment of $1.25 million and a $6.93 million book-registered fair value, as of the end of the first quarter, 2016.. TechnoPlus, traded at a value of only NIS 17 million, requests shareholders to..."/>
TechnoPlus prepares for sale of CompuLab [Globes, Tel Aviv, Israel]
Cardinal Financial Corporation today announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per share. This dividend will be paid on August 19, 2016 to shareholders of record as of the close of business on August 4, 2016.. About Cardinal Financial Corporation: Cardinal Financial Corporation, a financial holding company headquartered in Tysons Corner, Virginia with assets of $4.20 billion at June 30, 2016, serves the..."/>
Cardinal Financial Corporation Declares Quarterly Dividend
CME Group, the world's leading and most diverse derivatives marketplace, today announced that the first Aluminum A380 Alloy futures contracts were traded on Tuesday, July 19, 2016. A total of 50 futures contracts were traded across the August through December 2016 contract months. "We're pleased to see early support for our new Aluminum A380 Alloy futures contract," said Young-Jin Chang, CME Group Executive Director, Global Head of Metals..."/>
CME Group Announces First Trades of New Aluminum A380 Alloy (S&P Global Platts) Futures
Urstadt Biddle Properties Inc. announced today that it has acquired for $45,325,000 the Newfield Green Shopping Center in Stamford, CT. Newfield Green is a 72,000 square foot shopping center, anchored by a 31,000 square foot Grade A Market and a 14,200 square foot CVS. The property is located in a high demographic, infill market on Newfield Avenue in Stamford, CT."/>
Urstadt Biddle Properties Inc. Acquires the Newfield Green Shopping Center in Stamford, CT
CBRE Group. The commercial real estate company's study found that e-commerce is the main reason for the growth, with foreign cargo shipped to the U.S. coasts, routed to inland ports like Memphis, warehoused and broken into smaller amounts for continued..."/>
Report: E-commerce makes Memphis among leading inland ports [The Commercial Appeal, Memphis, Tenn.]
Republic Bancorp, Inc., parent company of Republic Bank& Trust Company, declared a cash dividend of $0.209 per share on Class A Common Stock and $0.19 per share on Class B Common Stock, payable October 21, 2016 to shareholders of record as of September 16, 2016.. Republic Bancorp, Inc. is the parent company of Republic Bank& Trust Company. The Bank currently has 44 banking centers: 32 banking centers in 12 Kentucky communities- Covington, Crestwood, Elizabethtown,..."/>
Republic Bancorp, Inc. Declares Common Stock Dividends
Everest Re Group, Ltd. announced today that it has published its Global Loss Triangles for the year ended December 31, 2015.. These documents are available on the Company’ s website at www.everestregroup.com in the Investor Center section under Financial Reports. Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Company provides reinsurance to property and casualty insurers in both..."/>
Everest Re Group Ltd. Publishes 2015 Global Loss Triangles
Webster Financial Corp. Wednesday posted slightly lower profits for the second quarter, amid higher expenses tied to its expansion into the Boston area. Net income available to common shareholders at the parent of Webster Bank was $48.4 million, or 53 cents a diluted share, for the quarter ended June 30, compared with $49.8 million, or 55 cents a diluted share, for the same quarter a year ago. The most recent quarter's results beat the Wall Street earnings..."/>
Webster Financial Profits Dip But Still Beat Wall Street Expectations [The Hartford Courant]
Ohio Valley Banc Corp. Board of Directors declared a cash dividend of $0.21 per common share payable on August 10, 2016, to shareholders of record as of the close of business on July 29, 2016. This is the 27th consecutive quarter in which a $0.21 per common share regular dividend has been paid by OVBC to its shareholders. Thomas E. Wiseman, President and CEO of Ohio Valley Banc Corp., commented, "Our focus on community, quality..."/>
OVBC Announces Cash Dividend
Union Bankshares, Inc. today announced results for the three and six months ended June 30, 2016. Consolidated net income for the three months ended June 30, 2016 was $2.139 million, or $0.48 per share, compared to $2.017 million, or $0.46 per share, for the same period in 2015, and $3.898 million, or $0.87 per share, for the six months ended June 30, 2016, compared to $3.901 million, or $0.88 per share, for the same period in 2015.. Highlights of the three months..."/>
Union Bankshares Announces Second Quarter Ended June 30, 2016 Earnings and Quarterly Dividend Payment
Dream Office REIT July 2016 Monthly Distribution
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 a diluted share, for the quarter ended June 30, compared with $13.3 million, or 27 cents a share, a year earlier. The bank announced its earnings after market close Tuesday."/>
United Bank Parent Posts Lower Quarterly Profits [The Hartford Courant]
Bay Banks of Virginia, Inc., holding company of Bank of Lancaster and Bay Trust Company, announces that Benjamin R. Humphreys, Jr. has been elected to Bay Trust Company's Board of Directors. "We are pleased and honored to welcome Ben to our Trust Board," said Francis A. Burke, President and Chief Executive Officer. "Ben is well-known in the Northern Neck and Richmond and is an innovative and results-driven leader in the technology industry."/>
Benjamin R. Humphreys, Jr. Elected to Bay Trust's Board of Directors

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