Industry News

Columbia Banking System on Thursday released its second-quarter results-- with net income of $25.4 million-- and announced that the board of directors has approved increased dividends for shareholders. "The second quarter of the year has traditionally been a strong quarter for us and was again this year," said Columbia President and CEO Melanie Dressel in a release."/>
Dividends increase as second quarter earnings shine at Columbia Bank [The News Tribune (Tacoma, Wash.)]
First Northern Community Bancorp, holding company for First Northern Bank, today announced earnings through the second quarter of 2016."/>
First Northern Community Bancorp Reports Second Quarter 2016 Earnings
1st Colonial Bancorp, Inc., holding company of 1 st Colonial Community Bank, today reported that its net income for the three months ended June 30, 2016 was $910,000, compared to $757,000 for the three months ended June 30, 2015. Net interest income increased $531,000, resulting from continued growth in interest earning assets. Non-interest income also increased by $150,000, primarily attributable to increased fees from the origination and sale of..."/>
1st Colonial Bancorp Reports Second Quarter Net Income Growth and Year to Date Profit of $1,793,000
County Bancorp, Inc., the holding company for Investors Community Bank, a commercial bank headquartered in Manitowoc, Wisconsin, reported net income of $1.9 million, or $0.30 diluted earnings per share, for the second quarter of 2016, compared to net income of $2.2..."/>
County Bancorp, Inc. Announces Strong 2nd Quarter Earnings
Stewart Information Services Corporation today confirmed that Foundation Asset Management, LP filed with the U.S. Securities and Exchange Commission a preliminary solicitation statement seeking to call a Special Meeting of Stewart's shareholders. Stewart shareholders are advised to take no action at this time."/>
Stewart Information Services Corporation To Review Preliminary Shareholder Solicitation Materials In Connection With Demand For Special Meeting
JLL Reports 2015 Sustainability Achievements
M and A Navigator: Deal pipeline –28 July
True North Commercial Real Estate Investment Trust is pleased to announce it has agreed to acquire a 40,000 square foot office property located at 5900 Explorer Drive, Mississauga, Ontario."/>
True North Commercial Real Estate Investment Trust Continues Strategic Growth with Second Acquisition in the Greater Toronto Area
Peapack-Gladstone Financial Corporation recorded record net income of $12.05 million and diluted earnings per share of $0.74 for the six months ended June 30, 2016, compared to $10.25 million and $0.67, respectively, for the same six month period last year, reflecting increases of $1.81 million or 18 percent, and $0.07 per share, or 10 percent, respectively. For the quarter ended June 30, 2016, the Corporation recorded net income of $6.56 million and..."/>
Peapack-Gladstone Financial Corporation Reports a Strong Second Quarter and Declares Its Quarterly Cash Dividend
KCG Holdings, Inc. has agreed to acquire Stockholm, Sweden-based broker Neonet Securities AB from UK-based specialist financial services investor Hay Tor Capital, KAS Bank and Sweden-based holding company Cidron Delfi Intressenter Holding, the company said. Financial terms were not disclosed. The transaction, which is subject to customary regulatory and other approvals, is expected to close later this year."/>
KCG to Acquire Swedish Broker Neonet Securities
Heritage Commerce Corp, today announced that its Board of Directors declared a quarterly cash dividend of $0.09 per share to holders of common stock and Series C Preferred Stock. The dividend will be payable on August 24, 2016, to shareholders of record on August 9, 2016.. Heritage Commerce Corp, a bank holding company established in February 1998, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose..."/>
Heritage Commerce Corp Declares Quarterly Cash Dividend of $0.09 Per Share
Heritage Commerce Corp, the holding company for Heritage Bank of Commerce, today reported net income increased 63% to $7.3 million, or $0.19 per average diluted common share, for the second quarter of 2016, compared to $4.5 million, or $0.14 per average diluted common share for the second quarter of 2015, and increased 19% from $6.1 million, or $0.16 per average diluted common share for the first quarter of 2016. For the six months ended June 30, 2016, net..."/>
Heritage Commerce Corp’s Second Quarter 2016 Earnings Increased 63% From the Prior Year Second Quarter
Park Sterling Bank said Thursday its second-quarter profits grew about 30 percent from the same period last year, as revenue from lending and fees increased. Park Sterling Corp. reported net income of $5.6 million compared with $4.3 million a year earlier. Earnings adjusted for costs related to mergers and acquisitions were 12 cents per share, versus 10 cents a year ago."/>
Park Sterling's second-quarter profits up 30 percent [The Charlotte Observer]
Investar Holding Corporation, the holding company for Investar Bank, today announced financial results for the quarter ended June 30, 2016. The Company reported net income of $2.0 million, or $0.28 per diluted share for the second quarter of 2016, compared to $2.0 million, or $0.28 per diluted share for the quarter ended March 31, 2016, and $1.8 million, or $0.25 per diluted share, for the quarter ended June 30, 2015.. Investar Holding Corporation..."/>
Investar Holding Corporation Announces 2016 Second Quarter Results
Bancorp, Inc., a financial holding company, today reported financial results for the second quarter 2016.. Net interest income increased 23% to $20.9 million for the quarter ended June 30, 2016 compared to $17.0 million for the quarter ended June 30, 2015. Net interest margin increased to 2.73% for the quarter ended June 30, 2016 compared to 2.23% for the quarter ended June 30, 2015. Loans and continuing operations loans held for sale increased 30% to..."/>
The Bancorp, Inc. Reports Second Quarter 2016 Financial Results
Retail Properties of America, Inc. today announced that it declared the third quarter dividend for its 7.00% Series A Cumulative Redeemable Preferred Stock. The dividend of $0.4375 per preferred share will be paid on September 30, 2016 to preferred stockholders of record on September 20, 2016.. The Company also announced that it declared the third quarter dividend for its outstanding Class A common stock."/>
Retail Properties Of America, Inc. Announces Third Quarter 2016 Dividends On Preferred And Common Stock
Chubb Limited today announced that Michael Kessler has been appointed Vice President, Chubb Group and Chief Reinsurance Officer. Kessler is Chief Actuary of Chubb Overseas General, the company's international general insurance business. Kessler succeeds William O'Farrell, who has served as the company's Chief Reinsurance Officer since 2005 and is leaving Chubb to pursue other business opportunities."/>
Chubb Names Michael Kessler Chief Reinsurance Officer
Capital Bank Financial Corp. today announced that its wholly owned subsidiary, Capital Bank Corporation, has completed the conversion of its debit card portfolio to Platinum Debit MasterCard-branded cards.. Platinum Debit MasterCard continues to deliver the same benefits Capital Bank cardholders had previously enjoyed, including:. Zero liability for unauthorized transactions Unsurpassed worldwide acceptance everywhere Debit MasterCard..."/>
Capital Bank Offers Enhanced Platinum Debit MasterCard Cards

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