Industry News

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
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
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
Commonwealth Business Bank today announced net income of..."/>
Commonwealth Business Bank Reports 2016 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
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
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
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
Triangle Capital Corporation today announced that it closed an underwritten public offering of 6,250,000 shares of common stock. Net proceeds from the offering, after deducting underwriting discounts and estimated offering expenses payable by the Company, were approximately $119.6 million. The Company intends to use the net proceeds of this public offering to make additional investments in lower middle market companies in accordance with its..."/>
Triangle Capital Corporation Announces Closing of Public Offering of Common Stock
Westbury Bancorp, Inc., the holding company for Westbury Bank, today announced net income of $906,000, or $0.25 per common share, and $2.8 million, or $0.76 per common share, for the three and nine months ended June 30, 2016, respectively, compared to net income of $110,000, or $0.03 per common share, and $1.0 million, or $0.25 per common share, for the three and nine months ended June 30, 2015, respectively.. Greg Remus, President and Chief Executive Officer,..."/>
Westbury Bancorp, Inc. Reports Net Income for the Three and Nine Months Ended June 30, 2016
Patriot National Bancorp, Inc. announced today that its board of directors has authorized a new stock repurchase program for the purpose of repurchasing up to 500,000 shares of its common stock. “This program reflects our commitment to enhance shareholder value and our confidence in the ongoing operating and strategic direction of the Company, "said Michael Carrazza, Patriot’ s Chairman. Carrazza reaffirmed that the Company is focused on executing a..."/>
Patriot National Bancorp, Inc. Announces Stock Repurchase Program
Federated Premier Municipal Income Fund and Federated Premier Intermediate Municipal Income Fund today announced earnings for the six-month period ended May 31, 2016. Established in 2002, the funds seek to provide investors with income that is exempt from federal income tax, including alternative minimum tax, by investing in municipal securities from different sectors, states and issuers across the country. For the six-month period,..."/>
Federated Investors' Closed-End Municipal Funds Report Semi-Annual Earnings
Berkshire Hills Bancorp, Inc. announced that Mike Daly, President and CEO, will present at the 2016 Keefe, Bruyette& Woods Community Bank Investor Conference on Tuesday August 2, 2016 in New York City. Berkshire's presentation is scheduled to begin at 2:30PM EDT. The presentation will be webcast live and may be accessed via http://wsw.com/webcast/kbw35/bhlb or at the investor relations section of the company's website:..."/>
Berkshire Hills to Present at the 2016 KBW Community Bank Investor Conference in New York City on August 2
Capital Properties, Inc. reported net income of $583,000 and $1,118,000 for the three and six months ended June 30, 2016. Based upon 6,599,912 shares outstanding, the basic income per common share for the same periods was$. 09 and$. 17, respectively. For the three and six months ended June 30, 2015, the Company had reported net income of $574,000 and $974,000, respectively."/>
Capital Properties, Inc. Announces Second Quarter 2016 Results
Middlefield Banc Corp. has entered into an agreement and plan of reorganisation with Ohio-based Liberty Bank, N.A., the company said. Middlefield is the holding company for The Middlefield Banking Co.. Under the terms of the agreement, Liberty shareholders will have the option to receive either 1.1934 shares of MBCN stock or USD 37.96 in cash in addition to receiving a special dividend immediately prior to closing of approximately..."/>
Ohio, US Banks Middlefield Banc and Liberty Bank to Merge in USD 40.8m Deal
Mack-Cali Realty Corporation today announced that Roseland Residential Trust, in the second quarter of 2016, completed the acquisition of various partners' interests in Port Imperial on the Hudson River Waterfront and in East Boston, as well as the disposition of its subordinated ownership in two Port Imperial communities. In addition, Roseland entered into an agreement to sell Andover Place in Andover, Massachusetts."/>
Roseland, Mack-Cali's Multi-Family Subsidiary, Announces Key Investment Activity On The Hudson River Waterfront And Boston Markets During Second Quarter
Patriot National Bancorp, Inc., the parent company of Patriot Bank, N.A., today reported net income of $614,000 for the second quarter, or $0.16 diluted income per share. This is compared to $689,000 a year ago, or $0.18 diluted income per share. In the first quarter of 2016, the Company reported $653,000 net income, or $0.16 diluted income per share.."/>
Patriot National Bancorp Announces Second Quarter Earnings of $0.16 Per Share; Loans Grow 9% Since Prior Quarter
HomeTrust Bancshares, Inc., the holding company of HomeTrust Bank, today announced preliminary net income of $3.3 million for the quarter ended June 30, 2016, a $744,000, or 29.1% increase over net income of $2.6 million for the same period a year ago. The Company's basic and diluted earnings per share increased to $0.19 for the quarter ended June 30, 2016 compared to $0.14 per share for the same period in fiscal 2015.. Net income totaled $11.5 million..."/>
HomeTrust Bancshares, Inc. Reports Fourth Quarter and Fiscal Year 2016 Financial Results
HopFed Bancorp, Inc., the holding company for Heritage Bank USA, Inc., today reported results for the three and six month periods ended June 30, 2016. For the three month period ended June 30, 2016, the Company reported net income of $304,000, or $0.05 per share, basic and diluted, compared to a net loss of $117,000, or per share basic and diluted, for the three month period ended June 30, 2015. For the six month period ended June 30, 2016, the Company’ s net income was..."/>
HopFed Bancorp, Inc. Reports Second Quarter Results
ASB Bancorp, Inc., the holding company for Asheville Savings Bank, S.S.B., announced today its unaudited preliminary operating results for the three- and six-month periods ended June 30, 2016. The Company reported net income of $1.7 million, or $0.45 per diluted common share, for the quarter ended June 30, 2016 compared to net income of $865,000, or $0.21 per diluted common share, for the same quarter of 2015. For the six months ended June 30,..."/>
ASB Bancorp, Inc. Reports Financial Results For The Second Quarter And Six Months Ended June 30, 2016

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