Industry News

India's 10-year bond yield nears 2009 lows [Mint, New Delhi]
Punjab National Bank's net profit fell 57% to Rs.306 crore in the first quarter of 2016-17 from Rs.720 crore in the year-ago period as bad debts zoomed. Gross non-performing assets of the bank as a percentage of advances more than doubled to 13.75% from 6.47% in the year-ago period. Net NPAs also touched 9.16% from 4.05% in the year-ago quarter."/>
PNB Q1 profit falls 57% to Rs306 crore [Mint, New Delhi]
Ally Financial was named a 2016 Strategic Partner by the Money Smart Week Michigan Coalition in an awards ceremony yesterday in Detroit. Ally was recognized for its commitment and ongoing participation in Money Smart Week, a national public awareness campaign coordinated by the Federal Reserve Bank of Chicago to help individuals and families better manage their personal finances. "Advancing financial literacy is a key focus area for Ally..."/>
Ally Recognized as Key Strategic Partner by Money Smart Week® Michigan Coalition
American Housing Income Trust, Inc. today announced that it is set to close on the acquisition of 6 single-family homes and 4 multi-family units through its umbrella partnership– AHIT Northern NM Properties, LLP. The properties are located in the State of New Mexico and the aggregate purchase price for all 10 homes is approximately $1.333 M, exclusive of closing costs. The acquired properties average 1,900 square feet and are primarily..."/>
American Housing Income Trust, Inc. Announces the Acquisition of 10 Homes Valued in Excess of One Million Dollars
Pinnacle Financial Partners Inc. today announced that members of its management will participate in the KBW 2016 Community Bank Investor Conference in New York on Wednesday, Aug. 3, 2016. Harold R. Carpenter, executive vice president and chief financial officer, and J. Harvey White, chief credit officer and Knoxville regional executive, will represent the company at the conference. Pinnacle Financial Partners provides a full range of banking, investment,..."/>
Pinnacle Financial Partners to Participate in KBW 2016 Community Bank Investor Conference
Westamerica Bancorporation today declared a quarterly cash dividend of $0.39 per share on common stock outstanding to shareholders of record at the close of business August 8, 2016. The dividend is payable August 19, 2016.. Westamerica Bancorporation’ s Board of Directors also approved a plan to repurchase, as conditions warrant, up to 1,750,000 shares of the Company’ s common stock on the open market or in privately..."/>
Westamerica Bancorporation Declares Quarterly Dividend and Announces Stock Repurchase Plan
Capital One Financial Corporation today announced a quarterly dividend of $0.40 per share payable August 18, 2016 to stockholders of record as of August 8, 2016. The company has announced dividends on its common stock every quarter since it became an independent company on February 28, 1995. Dividends declared by the company are eligible for direct reinvestment in the company's common stock under its Dividend Reinvestment and Stock..."/>
Capital One Announces Quarterly Dividend
Lake Shore Bancorp, Inc., the holding company for Lake Shore Savings Bank, announced second quarter 2016 net income of $664,000, or $0.11 per diluted share, compared to net income of $699,000, or $0.12 per diluted share, for the second quarter 2015. The decrease in net income reflected increased non-interest expense and income tax expense, partially offset by increases in net interest income and non-interest income and a decrease in provision for loan..."/>
Lake Shore Bancorp, Inc. Reports Second Quarter 2016 Earnings and Declares Dividend
AXIS Capital Holdings Limited today announced that John Tatum has joined AXIS Insurance as Executive Vice President& Head of U.S. In this new position, he is responsible for all programs and binding authorities for AXIS Insurance across the U.S. market. Tatum reports directly to Carlton Maner, CEO of the U.S."/>
John Tatum Joins AXIS Insurance as Executive Vice President & Head of U.S. Programs
Leucadia National Corporation announced today that the Board of Directors has declared a quarterly cash dividend equal to $0.0625 per Leucadia common share payable on September 30, 2016 to record holders of Leucadia common shares on September 19, 2016.."/>
Leucadia National Corporation Announces Quarterly Cash Dividend
Citigroup Global Markets Funding Luxembourg this morning announced the launch of an offering of exchangeable bonds due 2023, exchangeable for ordinary shares of Telekom Austria AG."/>
Citi Issues Offering of EUR 374.2 Million Exchangeable Bonds due 2023, Exchangeable for Shares of Telekom Austria AG
Orco Property Group : Changes in Board Composition
CNB Financial Corporation, a bank holding company headquartered in Bedminster, New Jersey. Moreover, KBRA has assigned a deposit rating of BBB+, senior unsecured debt rating of BBB+, subordinated debt rating of BBB, and short term debt/deposit ratings of K2 to the banking subsidiary, CNB Bank. The outlook on all long-term ratings is..."/>
Kroll Bond Rating Agency Assigns BBB Senior Unsecured Debt Rating for CNB Financial Corporation
Horizon Bank posts record profit [The Times, Munster, Ind.]
First of Long Island Corporation, the parent company of The First National Bank of Long Island, reported increases in net income and earnings per share for the three and six months ended June 30, 2016. In the highlights that follow, all comparisons are of the current three or six month period to the same period last year unless indicated otherwise.. Net Income increased 21.4% to $7.6 million from $6.3 million EPS increased 13.6% to$. 50 from$. 44 Cash..."/>
The First of Long Island Corporation Announces 21.4% Increase in Net Income for the Second Quarter of 2016
Gouverneur Bancorp, Inc. and its subsidiary, Gouverneur Savings and Loan Association, today announced the results for the third quarter and nine months ended June 30, 2016.. For the three months ended June 30, 2016, the Company reported net income of $313,000, or $0.14 per diluted share, representing a decrease of $23,000, or 6.85% from last year's net income of $336,000, or $0.15 per diluted share. Net interest income decreased $39,000..."/>
Gouverneur Bancorp Announces 2016 Third Quarter and Nine Months Results
TheStreet, today announced the nominees for its Most Admired Corporate Dealmakers Awards. Now in its ninth year, the awards recognize the best corporate dealmaking teams. Past winners include Eastman Chemical, Berry Plastics and Google.."/>
The Deal Announces Nominees for Ninth Annual Most Admired Corporate Dealmakers Awards

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