Industry News

Comerica Bank's California Economic Activity Index has improved by 0.1 percentage points in May to a level of 120.6, the company said. May's reading is 37 points, or 43 percent, above the index cyclical low of 84.1. The index averaged 119.8 points for all of 2015, six and two-fifths points above the average for all of 2014."/>
Comerica Bank's California Index improves
FRP Holdings, Inc. anticipates issuing its third quarter earnings results on Tuesday, August 2, 2016. The Company will also host a conference call on Tuesday, August 2, 2016 at 1:00 p.m.. Analysts, stockholders and other interested parties may access the teleconference live by calling 1-800-351-6804 domestic or 334-323-7224 international."/>
FRP Holdings, Inc. Announces Release Date For Its 2016 Third Quarter Earnings And Details For The Earnings Conference Call
Bay Banks of Virginia, Inc. has reported earnings of USD586, 000 for the quarter ended June 30, 2016 compared to earnings of USD294, 000 for the same quarter in 2015, the company said. Earnings for the six months ended June 30, 2016 were USD1.1 million compared to USD675, 000 for the same period in 2015.. Net interest income increased by 1.4 percent, or USD47, 000, on a linked-quarter basis and increased by 7.9 percent, or USD257, 000, compared to the second quarter of 2015.."/>
Bay Banks of Virginia reports USD586,000 in Q2 2016 earnings
Seacoast Banking Corporation of Florida has appointed Tim Huval, senior vice president, chief human resources officer, Humana Inc., to its board of directors, the company said. Earlier this year, Seacoast announced that Huval, together with Herb Lurie, senior advisor, Guggenheim Securities, had been selected as directors. Seacoast Banking Corporation of Florida is a community bank with approximately USD3.5 billion in assets and approximately USD2.8 billion in deposits as of..."/>
Seacoast Bank appoints new director to board
Associated Banc-Corp has declared a regular quarterly cash dividend of USD0.11 per common share, payable on September 15, 2016, to shareholders of record at the close of business on September 1, 2016, the company said. The board declared a regular quarterly cash dividend of USD0.50 per depositary share on Associated Banc-Corp's 8.00 percent Series B perpetual preferred stock to shareholders of record at the close of business on September 1, 2016, with..."/>
Associated Banc-Corp declares dividends
Associated Banc-Corp has called for redemption on September 15, 2016 of all of its outstanding depositary shares of Associated's 8.00 percent perpetual preferred stock, Series B, the company said. Payment to Depository Trust Company will be made by Wells Fargo Bank, N.A. Associated Banc-Corp has total assets of USD29 billion and is headquartered in Green Bay, Wisconsin."/>
Associated Banc-Corp redeems all outstanding Series B depositary shares
Fiera Capital Corporation, a leading independent asset management firm, today reported that its relationship with National Bank Investments Inc. remains strong despite changes within a limited number of mandates. These changes are in line with NBI's open architecture, are part of the normal course of business and include gained and lost mandates. Fiera Capital is pleased and proud to entertain a long-standing relationship with NBI as the..."/>
Fiera Capital and National Bank Investments Relationship Remains Strong
Prosperity Bancshares, Inc. ®, the parent company of Prosperity Bank ®, will be presenting at the Keefe, Bruyette& Woods 2016 Community Bank Investor Conference in New York on Tuesday, August 2, 2016 at 9:30 a.m. Eastern Time. David Zalman, Chairman and Chief Executive Officer; Eddie Safady, President; and Charlotte Rasche, Executive Vice President and General Counsel, will be presenting for the Company. The presentation will be approximately 20..."/>
Prosperity Bancshares, Inc.® To Present At Keefe, Bruyette & Woods Bank Conference
Sunflower joins merger wave [The Pueblo Chieftain, Colo.]
TheStreet Inc., announced the results of its quarterly rankings of the top firms and professionals involved in active bankruptcy cases for the second quarter of 2016. Collected data captures only active bankruptcy work for ongoing U.S. and Canadian cases. "Bankruptcy attorneys will continue to see a steady flow of Chapter 11 petition filings from the oil and gas industry as energy prices slowly recover from a downturn..."/>
The Deal Announces Results of Q2 2016 Bankruptcy League Tables
Financial Institutions, Inc., has hired Vito Caraccio as Senior Vice President, Director of Business Banking. In this newly-established role, Mr. Caraccio will have oversight of small business lending, fee-based lines of business-related cash management and merchant services."/>
Five Star Bank Names Vito Caraccio Senior Vice President, Director Of Business Banking
James River Group Holdings, Ltd.. The outlook for each of the ratings has been revised to stable from positive."/>
A.M. Best Upgrades Ratings of JRG Reinsurance Company, Ltd. and Its Affiliates
Welltower Inc. today announced the promotion of Mercedes Kerr to Executive Vice President- Business Development. Kerr will lead business development activities to identify, build and manage relationships with health systems, seniors housing operators, real estate developers and financial institutions to grow Welltower’ s high-quality health care property portfolio. She will serve as an Executive Officer of the company, joining a senior leadership team that..."/>
Mercedes Kerr Named Executive Vice President - Business Development
Chesapeake Lodging Trust, a lodging real estate investment trust, reported today its financial results for the quarter ended June 30, 2016.. RevPAR: 2.2% pro forma increase for the hotel portfolio over the same period in 2015. Adjusted Hotel EBITDA Margin: 50 basis point pro forma increase to 36.9% for the hotel portfolio over the same period in 2015. Adjusted Hotel EBITDA: $62.6 million. Adjusted Corporate EBITDA: $57.9 million. Net income available to common..."/>
Chesapeake Lodging Trust Reports Second Quarter Results
First South Bancorp, Inc., the parent holding company of First South Bank, reports that on July 28, 2016 the Company's Board of Directors declared a quarterly cash dividend of $0.03 per share, payable August 19, 2016 to shareholders of record as of the close of business on August 9, 2016.. First South Bank has been serving the citizens of eastern and central North Carolina since 1902 and offers a variety of financial products and services to..."/>
First South Bancorp, Inc. Declares Quarterly Cash Dividend
Commonwealth Business Bank today announced net income of..."/>
Commonwealth Business Bank Reports 2016 Second Quarter Results
Carolina Financial Corporation today announced financial results for the second quarter of 2016. Highlights at and for the three months ended June 30, 2016, include:. Second Quarter 2016 financial highlights."/>
Carolina Financial Corporation Reports Results for Second Quarter of 2016
Community West Bancshares,, parent company of Community West Bank, today reported net income of $1.1 million in the second quarter of 2016 compared to net income of $1.3 million in the first quarter of 2016 and a net loss of $2.3 million in the second quarter of 2015.. In the first six months of the year, Community West reported net income of $2.4 million compared to a net loss of $572,000 in the first six months of 2015. Excluding the net loan litigation..."/>
Community West Bancshares Earns $1.1 Million in Second Quarter 2016; Fueled by Loan and Deposit Growth, Strong Net Interest Margin and Improving Asset Quality; Book Value Per Common Share Increases to $7.81; Declares Quarterly Cash Dividend of $0.035 Per Common Share
REDWOOD CAPITAL BANCORP, the only locally owned and operated community bank holding company in Humboldt County, announced unaudited financial results for the three month period ended June 30, 2016. Redwood Capital Bank, the company’ s wholly owned subsidiary reported record quarterly earnings while the Board of Directors affirmed a continuation of its quarterly dividend.. The company posted modest growth in the major balance sheet..."/>
Redwood Capital Bancorp Record Quarterly Earnings - Founding Chairman Retires - Continued Dividend
Cowen Group, Inc. today announced that its board of directors has declared a quarterly cash dividend of $14.06 per share on the Company’ s 5.625% Series A Cumulative Perpetual Convertible Preferred Stock. The quarterly dividend on the Convertible Preferred Stock is payable on August 15, 2016, to holders of record at the close of business on August 1, 2016.. Cowen Group, Inc. is a diversified financial services firm and, together with its consolidated subsidiaries,..."/>
Cowen Group, Inc. Declares Quarterly Dividend on Its Series A Cumulative Perpetual Convertible Preferred Stock
Welltower Inc. today announced that Matthew McQueen, Senior Vice President- Legal has been promoted to Senior Vice President- General Counsel and Corporate Secretary. In this expanded role, Mr. McQueen will report to Jeffrey H. Miller, Executive Vice President and Chief Operating Officer."/>
Welltower Names Matthew McQueen General Counsel and Corporate Secretary

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