Industry News

National Bank Holdings Corporation has named David Terry as NBH Bank as senior vice president and Hillcrest Bank commercial market president in the Dallas-Ft. Worth market, the company said. Terry was hired to expand the company's existing team of bankers, and oversee all aspects of commercial banking, including commercial loans, depository and treasury management relationships, as well as serving as senior market executive in North Texas."/>
National Bank Holdings names commercial market president for North Texas region
Great Southern Bancorp, Inc., the holding company for Great Southern Bank, has reported preliminary earnings for the three months ended June 30, 2016 were USD12.5 million available to common shareholders, compared to USD11.9 million available to common shareholders for the three months ended June 30, 2015, the company said. Preliminary earnings for the six months ended June 30, 2016, were USD22.3 million available to common shareholders, compared to USD23.4 million..."/>
Great Southern Bancorp reports Q2 2016 earnings of USD12.5m
United Financial Bancorp, Inc. has declared a USD0.12 per share cash dividend on the company's common stock, the company said. The dividend is payable to shareholders of record at the close of business on July 29, 2016 and payable on August 10, 2016.. United Financial Bancorp, Inc. is the holding company for United Bank, a full service financial services firm offering commercial, business and consumer banking products and services to customers throughout..."/>
United Financial Bancorp declares quarterly dividend
Pacific Continental Corporation, the holding company of Pacific Continental Bank, has reported second quarter 2016 net income of USD2.6 million, the company said. Net income for the second quarter 2016 of USD2.6 million included non-core costs associated with the pending acquisition of Foundation Bank, which were approximately USD2.0 million. Second quarter 2016 non-interest income was USD1.7 million, flat from the first quarter 2016."/>
Pacific Continental reports Q2 2016 net income of USD2.6m
BB&T Corporation has reported net income available to common shareholders was USD541 million, up 19.2 percent from the second quarter of 2015, the company said. Net income available to common shareholders was USD527 million for the first quarter of 2016 and USD454 million for the second quarter of 2015.. Earnings per diluted common share were USD0.66 for the second quarter of 2016."/>
BB&T reports Q2 2016 net income of USD541m
Brookline Bancorp, Inc. has reported net income of USD12.7 million for the second quarter of 2016, compared to USD11.9 million for the second quarter of 2015, the company said. Total assets at June 30, 2016 increased USD115.5 million to USD6.3 billion from USD6.2 billion at March 31, 2016, and increased USD254.2 million from USD6.0 billion at December 31, 2015.. At June 30, 2016, total loans and leases were USD5.3 billion, representing an increase of USD128.6 million from..."/>
Brookline Bancorp reports Q2 2016 net income of USD12.7m
Liberty Property Trust today announced that it has entered into an agreement to sell to Workspace Property Trust in concert with its strategic partner, Safanad Limited, for $969 million, 108 properties totaling approximately 7.6 million square feet of leasable space in five markets and approximately 26.7 acres of land in..."/>
Liberty Property Trust to Sell 108 Properties for $969 Million
NorthStar Realty Finance Corp., Kimco Realty Corp., DDR Corp., and Equity One Inc.."/>
Retail REIT Stocks Technical Notes -- NorthStar Realty Finance, Kimco Realty, DDR Corp., and Equity One
XL Group Ltd announced today that it has completed its redomestication to change the place of incorporation of the ultimate parent holding company to Bermuda from Ireland. As previously announced, the name of the new holding company is XL Group Ltd.. XL Group Ltd is registered with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, and is subject to SEC reporting requirements applicable to..."/>
XL Group Completes Redomestication To Bermuda
CBL announces sale completion of regional malls for USD66.5m
CommerceWest Bank reported net income for the three months ended June 30, 2016 of $1,256,000 or $0.30 per common share, compared with net income of $1,011,000 or $0.24 per common share for the three months ended June 30, 2015, an EPS increase of 25%. Net income for the six months ended June 30, 2016 was $2,309,000 or $0.55 per common share, compared with net income of $2,012,000 or $0.48 per common share for the six months ended June 30, 2015, an..."/>
CommerceWest Bank Reports Net Income Growth of 24% for Second Quarter 2016
Opus Bank announced today net income of $16.1 million, or $0.46 per diluted share, for the second quarter of 2016 compared to $17.3 million, or $0.51 per diluted share, for the first quarter of 2016 and $17.5 million, or $0.52 per diluted share, for the second quarter of 2015. Net income increased by 17% to $33.4 million, or $0.97 per diluted share, for the six months ended June 30, 2016 from $28.6 million, or $0.86 per diluted share, for the six months ended June 30, 2015."/>
Opus Bank Announces Second Quarter 2016 Results
Summit Bank reported on Saturday that for the second quarter of 2016, its net income was USD684, 000 or USD0.29 per fully diluted share, down compared to the net income of USD820, 000 or USD0.36 per fully diluted share in the year ago second quarter. The bank said that reduced income in its small business equipment lending operation during 2016 relative to 2015, due to higher losses and provision for loan loss expense impacted earnings and offset the improvement that it has..."/>
Summit Bank reports reduced net income for Q2 2016 year over year
Lazard Ltd announced today that Christopher Mulshine has joined the firm as a Managing Director in Private Capital Advisory, effective immediately. He is based in New York."/>
Lazard Hires Christopher Mulshine as a Managing Director in Private Capital Advisory
First Bancshares Inc on Monday reported that for the second quarter of 2016, it achieved net earnings of USD2.6m or USD0.47 diluted earnings per common share, up compared to net earnings of USD2.2m or USD0.39 diluted earnings per common share in the same quarter of 2015.. Also, the company said that the second quarter net earnings did not include any non-operating income or expenses, nor did the second quarter of 2015 net earnings. The company's second quarter net interest..."/>
First Bancshares reports 22% higher net earnings for Q2 2016 year over year and dividend of USD0.0375 per share
Rayonier Inc announced on Friday the declaration by its board of directors of a third quarter cash dividend of USD0.25 per common share. This dividend pay out will be made on 30 September 2016, to shareholders of record on 16 September 2016.. Rayonier is a timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the US and New Zealand."/>
Rayonier’s board declares Q3 2016 dividend of USD0.25 per share
Summit Financial Group, Inc. today reported second quarter 2016 net income of $4.24 million, or $0.40 per diluted share, compared to $4.01 million, or $0.38 per diluted share, for the second quarter of 2015, representing an increase of 5.8 percent, or 5.3 percent per diluted share. Q2 2016 earnings compared to Q2 2015 and Q4 2015 were negatively impacted by increased personnel costs and other noninterest expenses, which were offset by increased net..."/>
Summit Financial Group Reports Second Quarter and First Half 2016 Results
Unity Bancorp, Inc., parent company of Unity Bank, reported increased quarterly and year-to-date earnings. Major contributing factors included strong loan growth, expanded net interest margin, increased levels of noninterest income and expense control.. Net income was $2.8 million, or $0.33 per diluted share, for the three months ended June 30, 2016, a 16.3% increase compared to net income of $2.4 million, or $0.28 per diluted share, for the same period a..."/>
Unity Bancorp Reports 16% Increase in Quarterly Net Income
Callidus Capital Corporation announced today that it is increasing the purchase price under its substantial issuer bid for the purchase and cancellation by Callidus of 3,571,428 of its outstanding common shares to $16.10 per Share from $15.50 per Share. Under the revised Offer, the aggregate maximum purchase price payable by Callidus is Cdn $57,499,991.. Callidus will pay an additional $0.60 per common share to all shareholders who have..."/>
Callidus Increases Substantial Issuer Bid Price to $16.10 per share and Sets New Expiry Date
Strategic Internet Investments, Inc., completes its acquisition of AkCenter Shopping Center as it continues to expand its real estate portfolio in Europe and the Middle East. On July 18, 2016, SIII finalized the acquisition of the AkCenter in exchange for $66,000,000 in debentures. This purchase is the first step in a series of acquisitions in the coming weeks as SIII rapidly expands its commercial real estate portfolio."/>
SIII Closes Acquisition of AkCenter Shopping Center

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