Industry News

First Financial Bankshares Thursday reported another quarter of increased earnings-- 5.94 percent this time. Those earnings were tempered by oil prices and Mother Nature. Scott Dueser, chairman, president and CEO of the Abilene-based financial holding company, said he is pleased with the continued growth, and hopes things align better this quarter."/>
Oil prices, weather temper First Financial earnings growth [Abilene Reporter-News, Texas]
Hartford Financial Services Group's mutual funds unit is moving from Radnor to a larger space at the Chesterbrook Corporate Center in nearby Wayne, according to a company spokeswoman. Hartford Funds' headquarters will relocate from its 49,000- square-foot offices at 100 Matsonford Rd. to the new 76,000- square-foot space at 690 Lee Rd. in spring 2017, Jill Gordon said in an email Thursday. The move impacts 260 Hartford employees who work in the Radnor office, she said."/>
BRIEF: Hartford Funds moving HQ to Wayne [The Philadelphia Inquirer]
Spark Therapeutics is planning an expansion that could take it out of the city. While Spark, currently based in University City, has some Philadelphia sites on its radar, it's also considering locations in New Jersey and Delaware, according to brokers at real estate services firm JLL, which is aiding the company in its search. The move to expand comes as Spark-- one of the most..."/>
Expanding drug pioneer Spark mulls move from Philly birthplace [The Philadelphia Inquirer]
DNB Financial Corporation, today reported net income available to common stockholders in accordance with generally accepted accounting principles of $1.1 million, or $0.39 per diluted share, for the quarter ending June 30, 2016, compared with $1.2 million, or $0.43 per diluted share, for the same quarter, last year.. DNB Financial Corporation is the parent of DNB First, National Association, one of the first nationally-chartered community banks to..."/>
DNB Financial Corporation Reports Second Quarter 2016 Results
Yadkin Financial, which has branches in the Charlotte area. FNB Corp. said it's paying about $27.35 per share, or $1.4 billion in total, in the all-stock deal. Yadkin Bank will merge into an FNB subsidiary, First National Bank of Pennsylvania."/>
BRIEF: Pittsburgh bank buying Raleigh-based Yadkin Financial [The Charlotte Observer]
Metlife on Thursday said it's rebranding its Charlotte-based U.S. retail business as Brighthouse Financial, the latest step in the insurer's plan to split off the business. New York-based MetLife said in January that it was shedding much of its retail business to decrease its size and limit federal capital requirements. Executive Vice President Eric Steigerwalt, who will continue to be based in Charlotte, will lead the separated unit."/>
MetLife to rebrand Charlotte-based U.S. retail business as Brighthouse Financial [The Charlotte Observer]
Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.07 per common share. The dividend is payable August 26, 2016 to stockholders of record as of the close of business on August 12, 2016.. In addition, the Board of Directors of The Charles Schwab Corporation declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $15.00 per..."/>
Schwab Declares Regular Quarterly Common Stock Dividend and Preferred Stock Dividend
Nasdaq MarketSite in Times Square. In honor of the occasion, Barbara H. Lange, SMPTE Executive Director, will ring the Closing Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
The Society of Motion Picture and Television Engineers to Ring The Nasdaq Stock Market Closing Bell
Fiera Capital Corporation, a leading independent asset management firm, today reported its preliminary estimate of assets under management of $109.1 billion as at June 30, 2016.. The distribution of AUM by clientele is comprised of $53.1 billion for the Institutional sector, $23.2 billion for Private Wealth, and $32.8 billion for the Retail segment. Compared to March 31, 2016, the increase in AUM is mainly attributable to the inclusion of Apex..."/>
Fiera Capital reports June 2016 preliminary assets under management
Penns Woods Bancorp, Inc.. Penns Woods Bancorp, Inc. continued its solid earnings, supported by loan and deposit growth, achieving net income of $6,468,000 for the six months ended June 30, 2016 resulting in basic and dilutive earnings per share of $1.37. Net income from core operations, which is a non-generally accepted accounting principles measure of net income excluding net securities gains, remained flat at $3,065,000 for the three months..."/>
Penns Woods Bancorp, Inc. Reports Second Quarter 2016 Earnings
Corporate Office Properties Trust announces the formation of GI-COPT DC Partnership LLC, a 50/ 50 joint venture with an affiliate of GI Partners, a leading private investment firm. The venture acquired six of COPT’ s existing, single-tenant, data center properties that contain a total of 962,000 square feet. The unconsolidated venture raised $60 million of 10- year mortgages that bear interest at 3.4% to finance approximately 40% of the value of the properties."/>
COPT Completes Data Center Joint Venture
Douglas Emmett, Inc., a real estate investment trust, announced the acquisition of a 365,000 square foot Class "A" office property located at 12100 Wilshire Boulevard in the Brentwood submarket of Los Angeles. The property was acquired by a consolidated joint venture with Qatar Investment Authority. The acquisition price was $225 million, or $616 per square foot."/>
Douglas Emmett and QIA Acquire 365,000 Square Foot West L.A. Office Building
Employers Holdings, Inc., a Nevada-based company whose subsidiaries are specialty providers of workers’ compensation insurance focused on small businesses, will review the Company’ s second quarter 2016 financial results during a conference call and webcast on Thursday, July 28, 2016, at 8:30 a.m. PDT. The webcast will be accessible on the Employers Holdings, Inc. web site at through the“ Investors” link. An archived version of the webcast will..."/>
Employers Holdings, Inc. Schedules Second Quarter 2016 Earnings Release and Conference Call
Bank of the Ozarks, Inc. announced today the completion of its merger of C1 Financial, Inc. with and into the Company effective July 21, 2016. Simultaneous with the closing of this merger, C1 Bank, C1’ 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 fifteenth acquisition since March of 2010."/>
Bank of the Ozarks, Inc. Announces Completion of its Merger With C1 Financial, Inc.
United Bank said Thursday it agreed to acquire a New York City-based investment management firm, a deal that would push the assets in the bank's wealth management business to nearly $20 billion. The acquisition of Gerstein Fisher, with $3 billion in assets under management, is expected to close in the fourth quarter. Financial terms of the transaction weren't disclosed."/>
People's United Bank To Acquire New York Investment Firm [The Hartford Courant]
First Community Financial Partners, Inc., the parent company of First Community Financial Bank, today reported financial results as of and for the three and six months ended June 30, 2016.. Asset growth of $64.5 million, or 6.08%, from the first quarter, and $84.7 million, or 8.14% from December 31, 2015 Loan growth of $98.4 million, or 12.71%, from the first quarter, and $100.3 million, or 12.99% from December 31, 2015 Deposit growth of $17.9 million, or 2.03%, from..."/>
First Community Financial Partners, Inc. Announces Second Quarter 2016 Financial Results
Athens Bancshares Corporation today announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per outstanding share of common stock. The dividend will be paid on or about August 15, 2016 to stockholders of record as of the close of business on August 1, 2016.. Athens Bancshares Corporation is the parent holding company of Athens Federal Community Bank, National Association, a FDIC-insured national bank..."/>
Athens Bancshares Corporation Announces Quarterly Cash Dividend
BCB Bancorp, Inc., Bayonne, N.J., announced that the Board of Directors unanimously approved a quarterly cash dividend of $0.14/ share on July 20 th, 2016 to shareholders in its common stock of record on August 1 st, 2016, payable on August 15 th, 2016. This compares with a quarterly dividend of $0.14/ share for the same period last year. Thomas Coughlin, President and Chief Executive Officer, said, "Based on the confidence in our strategic plan and our continued..."/>
BCB Bancorp, Inc., Announces Quarterly Cash Dividend to Common Stock Shareholders
Arlington Asset Investment Corp. announced today that the Company will release results for the second quarter ended June 30, 2016 after the market closes on Tuesday, July 26, 2016, and will hold a conference call for investors at 9:00 A.M. Eastern Time on Wednesday, July 27, 2016 to discuss the results. Investors wishing to listen to the earnings call at 9:00 A.M. Eastern Time, Wednesday, July 27, 2016, may do so via the Internet at:..."/>
Arlington Asset Investment Corp. to Report Second Quarter 2016 Financial Results
Trez Capital Mortgage Investment Corporation announced today that its Board of Directors has authorized a substantial issuer bid to purchase for cancellation up to 2,325,581 Class A shares for an aggregate purchase price not to exceed $20 million, as described below. The Offer represents approximately 12.3% of the Company's 18,885,806 Class A shares outstanding. A complete description of the terms and conditions of the offer will be contained in..."/>
Trez Capital Mortgage Investment Corporation Announces Substantial Issuer Bid and Provides Update Regarding Orderly Wind-Up Plan
BSB Bancorp, Inc., the holding company for Belmont Savings Bank, a state-chartered savings bank headquartered in Belmont, Massachusetts, today reported net income of $2.95 million or $0.33 per diluted share for the quarter ended June 30, 2016 compared to net income of $1.60 million or $0.18 per diluted share for the quarter ended June 30, 2015 or an increase in net income of 84.2%. This is the Bank's 12th consecutive quarter of earnings growth."/>
BSB Bancorp, Inc. Reports Second Quarter Results - Year Over Year Earnings Growth of 84%
Atrium Mortgage Investment Corporation today released its unaudited financial results for the three and six month periods ended June 30, 2016.. Record earnings of $6.4 million, up 10.5% from prior year Earnings of $0.24 per share Revenues of $10.7 million, up 11.1% from prior year Regular monthly dividend of $0.215 for the quarter High quality mortgage portfolio 80% of portfolio in first mortgages 92% of portfolio is less than 75% loan to value Mortgage..."/>
Atrium Mortgage Investment Corporation Achieves Record Q2 Earnings – 10.5% Increase Over Prior Year

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