Industry News

Ohio Valley Banc Corp. announced the completion of the merger of Milton Bancorp, Inc., into OVBC. Immediately following the closing of the merger, Milton Bancorp, Inc's subsidiary bank, The Milton Banking Company, was merged into OVBC's subsidiary bank, The Ohio Valley Bank Company. OVBC and Ohio Valley Bank President and CEO Tom Wiseman commented, "Today we mark in history the coming together of two pillars of our communities."/>
Ohio Valley Banc Corp. Completes Acquisition Of Milton Bancorp, Inc.
Pacific City Financial Corporation, the holding company of Pacific City Bank, today announced the closing of a private placement to accredited investors totaling $15.3 million of common stock. The proceeds from the capital raise will be used for general corporate purposes, including supporting the growth of Pacific City Bank. In the private placement, the Company issued 1,273,000 shares of common stock, no par value, at a price of $12.00 per share."/>
Pacific City Financial Corporation Completes $15.3 Million Private Placement of Common Stock
OHA Investment Corporation today announced its financial results for the quarter ended June 30, 2016. Management will discuss the Company's results summarized below on a conference call on Thursday, August 11, 2016, at 10:00 a.m. Eastern Time.. Summary results for the quarter ended June 30, 2016: Total investment income: $4.4 million, or $0.22 per share Net investment income: $1.3 million, or $0.06 per share Net realized and unrealized losses: $1.1 million, or..."/>
OHA Investment Corporation Announces Second Quarter 2016 Results
Fiera Capital Corporation, a leading independent investment management firm, today announced its financial results for the second quarter ended June 30, 2016.."/>
Fiera Capital reports strong second quarter 2016 results and increases quarterly dividend to $0.16 per share
Ellington Financial LLC today announced that its estimated book value per common share as of July 31, 2016 was $20.52, or $20.24 on a diluted basis. Estimated book value per share on a diluted basis takes into account securities convertible into the Company's common shares. These estimates are subject to change upon completion of the Company's month-end valuation procedures relating to its investment positions, and any such change..."/>
Ellington Financial LLC Reports Estimated Book Value Per Share As Of July 31, 2016
Ladenburg Thalmann Financial Services Inc. today announced financial results for the three and six months ended June 30, 2016.. Phillip Frost, Chairman of Ladenburg, said,“ Ladenburg’ s Independent..."/>
Ladenburg Thalmann Reports Second Quarter 2016 Financial Results
Fairholme Fund owns 14 percent of Fannie Mae and Freddie Mac preferred stock-- is among a group of investors suing the U.S. government over the two government-backed mortgage insurance giants. Treasury Department illegally confiscated the companies' earnings after their bailout, gutting the firms when it was supposed to rehabilitate them and setting a dangerous..."/>
Without Freddie and Fannie, could 30-year mortgage be a thing of the past? [The Miami Herald]
M and A Navigator: Deal pipeline –5 August
Enstar Group Limited filed its quarterly report on Form 10- Q with the SEC today, reporting its earnings and financial position for the three and six months ended June 30, 2016.. Enstar reported consolidated net earnings of $40.6 million for the three months ended June 30, 2016 and $86.1 million for the six months ended June 30, 2016, compared to $14.5 million for the three months ended June 30, 2015 and $59.4 million for the six months ended June 30,..."/>
Enstar Group Limited Reports Second Quarter Results
NASB Financial, Inc. announced today net income for the quarter ended June 30, 2016, of $4,627,000 or $0.62 per share. This compares to net income of $3,969,000 or $0.54 per share for the quarter ended March 31, 2016, and compares to net income of $9,152,000 or $1.23 per share for the quarter ended June 30, 2015.. During the quarter ended June 30, 2015, the Bank recorded a negative provision for loan losses of $4.0 million, which was necessary to..."/>
NASB Financial, Inc. Announces Financial Results
Prudential Bancorp, Inc., the holding company for Prudential Savings Bank, reported net income of $777,000, or $0.10 per basic share and per diluted share, for the quarter ended June 30, 2016 as compared to $47,000, or $0.01 per basic and diluted share, for the same quarter in 2015. For the nine months ended June 30, 2016, the Company recognized net income of $1.7 million or $0.23 per basic and per diluted share, as compared to net income of $2.2 million, or..."/>
Prudential Bancorp, Inc. Announces Third Quarter Fiscal 2016 Results
Fauquier Bankshares, Inc. parent company of The Fauquier Bank reported net income of $1.56 million for the second quarter of 2016 compared with $1.05 million for the second quarter of 2015. Earnings for the quarter reflected a $1.13 million recovery of loan loss provision, which resulted in an additional $748,000 in after tax income for the quarter. Basic and diluted earnings per share for the second quarter of 2016 were $0.42, compared with..."/>
Fauquier Bankshares Announces Second Quarter 2016 Earnings
Tiptree Reports Second Quarter 2016 Results
Regions Financial Corp. Meanwhile, the mortgage servicing portfolio was reduced. At the bank-holding company level, income from continuing operations before income taxes was $387 million, up $1 million from the previous quarter. Those details, along with other operational and financial metrics, were delivered in the Birmingham, Alabama-based firm's second-quarter earnings results."/>
Regions Mortgage Originations, Delinquency Improve [Mortgage Daily]
Unico American Corporation today announced that pursuant to a unanimous resolution of the Board of Directors of the Company dated July 25, 2016, and effective August 1, 2016, the Board appointed Lester A. Aaron to Executive Vice President of the Company and appointed Michael Budnitsky to Treasurer, Chief Financial Officer and Secretary of the Company. Budnitsky, age 41, most recently served as Vice President of Accounting of the Company where he was..."/>
Unico American Corporation Announces the Appointment of Lester A. Aaron as Executive Vice President and the Appointment of Michael Budnitsky as Treasurer, Chief Financial Officer and Secretary
Power Corporation of Canada today reported earnings results for the second quarter and six months ended June 30, 2016.."/>
Power Corporation Reports 2016 Second Quarter and Six-Month Financial Results and Dividends
Apollo Funds Acquire US Crane Rental Company AmQuip
International Bancshares Corporation, one of the largest independent bank holding companies in Texas, today reported net income for the six months ended June 30, 2016 of $62.7 million, or$. 95 diluted earnings per common share and$. 95 basic earnings per common share, compared to $69.7 million, or $1.05 diluted earnings per common share and $1.05 basic earnings per common share for the same period of 2015, representing a decrease of 9.5 percent diluted earnings per..."/>
IBC Reports Earnings
Bombardier Inc. said Friday it recorded a loss of $490 million on revenue of $4.3 billion in the second quarter of 2016. In the first half of the year, the loss climbed to $628 million on revenue of $8.2 billion."/>
Bombardier posts quarterly, first-half 2016 losses [The Wichita Eagle]

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