Industry News

Glen Burnie Bancorp, parent company of The Bank of Glen Burnie, today announced results for the second quarter.. The company realized net income of $308,000 or $0.11 basic earnings per share in the quarter ended June 30, 2016 as compared to net income of $518,000 or $0.19 basic earnings per share for the same period in 2015.. Net interest income after provision for credit losses was $2,733,000 as compared to $2,617,000 in 2015."/>
Glen Burnie Bancorp Releases 2Q 2016 Earnings
Great-West Lifeco Inc. will release its second quarter 2016 financial results on August 3, 2016.. The results will be discussed in a conference call and audio webcast hosted by company management at 10:00 a.m. on Thursday, August 4, 2016.. The audio webcast and slide presentation will be available on Great-West Lifeco's website following the release of the second quarter results."/>
Great-West Lifeco's second quarter 2016 results conference call available by webcast
Assured Guaranty Ltd. announced today that Assured Guaranty has appointed David A. Buzen as Senior Managing Director of its newly formed Alternative Investments group. Buzen was previously President and Chief Executive Officer of CIFG Holding Inc.."/>
David A. Buzen Joins Assured Guaranty to Establish Alternative Investments Group
Westbury Bancorp, Inc. today announced that Mike Weber has joined the Bank as Senior Vice President, Commercial Banking, serving business and commercial real estate clients across Dane County.“ We are excited to have Mike join Steve Machotka and Matt Golden on our Madison Team. Mike has an outstanding reputation in Dane County and he will be key component to our growth in this market,” said Greg Remus, President& CEO of Westbury Bank.. A photo accompanying this..."/>
Mike Weber to join Westbury Bank as Senior Vice President, Commercial Banking
First South Bancorp, Inc., is pleased to announce the purchase of mortgage servicing rights of 452 high-quality Freddie Mac and Fannie Mae loans with an unpaid principal balance of approximately $84.6 million. The purchase is subject to customary approval from the two investor agencies. The purchase brings the Bank's total value of MSRs to approximately $2.8 million and brings the total..."/>
First South Bank Announces Purchase of Mortgage Servicing Rights Portfolio
Outerwall Inc. on behalf of its shareholders. Outerwall announced that it has entered into a definitive agreement to be acquired by Apollo Global Management LLC for $52 per share. Our investigation has determined that the offer price of only $52 per share, unfairly under-values the true going forward..."/>
OUTERWALL BUYOUT ALERT - National Securities Law Firm Seeks Higher Price for Outerwall Shareholders in Connection with Proposed Buyout, and Encourages Shareholders to Contact Law Firm for More Information
BOK Financial announced today that its broker dealer, BOSC, Inc., is changing its name to BOK Financial Securities, Inc. effective July 25, 2016. The change comes in an effort to align the Wealth Management division brands under the“ BOK Financial” umbrella and more effectively leverage the parent company’ s strong reputation and national name recognition.. Brett Dean, president of BOK Financial Securities, noted,“ BOK Financial is a respected and trusted $31..."/>
BOSC, Inc. changing its name to BOK Financial Securities, Inc.
First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the May 2016 First American Real House Price Index."/>
Era of Uncertainty Continues to Drive Consumer House-Buying Power, According to First American Real House Price Index
Severn Bancorp, Inc., parent company of Severn Bank announced the appointment of Paul B. Susie as Executive Vice President and Chief Financial Officer. Susie brings to Severn Bank many years of experience in financial management, and in particular banking. He was previously with Hopkins Federal Savings Bank in the position of Chief Financial Officer."/>
Severn Bank Appoints Paul B. Susie Chief Financial Officer
NewStar Financial, Inc. announced today that it will report financial results for the second quarter of 2016 on Wednesday, August 3, 2016 before the markets open. NewStar will also host a webcast/conference call to discuss the results on Wednesday, August 3, 2016 at 10:00am Eastern Time. All interested parties are invited to participate via telephone or webcast, which will be hosted through the Investor Relations section of the company’ s website at..."/>
NewStar Schedules Release of Results for the Second Quarter of 2016
Greene County Bancorp, Inc., the holding company for The Bank of Greene County and its subsidiary Greene County Commercial Bank, today reported net income for the fiscal year and quarter ended June 30, 2016. Net income for the fiscal year and quarter ended June 30, 2016 was $9.0 million, or $1.06 per basic and diluted share, and $2.3 million, or $0.28 per basic and $0.27 per diluted share, respectively, as compared to $7.2 million, or $0.85 per basic and diluted..."/>
Greene County Bancorp, Inc. Reports 24.7% Increase in Net Income for the Fiscal Year Ended June 30, 2016
Daily Mail, London, business briefs column [Daily Mail, London]
Aclaris Therapeutics, Inc., a clinical-stage specialty pharmaceutical company, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Dr. Neal Walker, President and CEO, will ring the Closing Bell."/>
Aclaris Therapeutics, Inc. (Nasdaq: ACRS) to Ring The Nasdaq Stock Market Closing Bell
Texas Capital Bancshares, Inc., the parent company of Texas Capital Bank, and their board of directors declared a cash dividend of $0.40625 per share of the non-cumulative perpetual preferred stock, Series A, which is traded on the NASDAQ under the symbol“ TCBIP”. The Series A Preferred Stock dividend is payable on September 15, 2016, to shareholders of record at the close of business on September 1, 2016.. ABOUT TEXAS CAPITAL BANCSHARES, INC. Texas Capital..."/>
Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock
Retail Opportunity Investments Corp., a fully-integrated, self-managed, real estate investment trust operating in the West Coast, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Stuart A. Tanz, Chief Executive Officer, will ring the Opening Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
Retail Opportunity Investments Corp. (Nasdaq: ROIC) to Ring The Nasdaq Stock Market Opening Bell
S&P Global Market Intelligence, a leading provider of multi-asset class research data and insights. P&C Insurance Market Report suggests that a combination of elevated catastrophe losses, unfavorable results in the private passenger auto business, and declining bond yields could crimp underwriting results and reduce overall..."/>
U.S. Property & Casualty Insurers Headed for Rough Patch, Finds S&P Global Market Intelligence Analysis
Bank of Baroda in connection with a foreign exchange scam detected at the bank last year. The penalty was levied for "weaknesses and failures in internal control mechanisms in respect of certain AML provisions such as monitoring of transactions, timely reporting to FIU, and assigning of UCIC (unique customer identification code to customers." In a stock exchange notification on Monday, the bank said that..."/>
RBI levies Rs5 crore penalty on Bank of Baroda in forex scam [Mint, New Delhi]
Castex Technologies Ltd hit the upper circuit on Monday, totalling a gain of 155% in the last 19 sessions. The scrip closed 4.97% higher at Rs.15.63 on BSE, while India's benchmark Sensex rose 1.05% to 28,095.34 points. Other Amtek Group companies too have been gaining since the past few days."/>
Castex Tech rise for 19 consecutive sessions, gain 155% [Mint, New Delhi]
OUTFRONT Media Inc. announced today that it will report results for the quarter ended June 30, 2016 after the market closes on Thursday, August 4, 2016. The earnings announcement will be available in the Investor Relations section of the Company's website, www.OUTFRONTmedia.com. The Company will host a conference call to discuss the results on August 4, 2016 at 4:30 p.m. Eastern Time."/>
OUTFRONT Media To Report Second Quarter 2016 Results On August 4, 2016
Griffin Industrial Realty, Inc. announced today that it has entered into an amendment to its revolving credit line with Webster Bank, N.A. that extends the Webster Credit Line for two years through July 31, 2018. The Amendment increases the amount of the Webster Credit Line from $12.5 million to $15.0 million and enables Griffin to further extend the Webster Credit Line for an additional year through July 31, 2019. The Amendment provides that the interest..."/>
Griffin Announces Extension of Credit Line

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