Industry News

Farmers facing defaults [Bangkok Post, Thailand]
TMB rides digital wave [Bangkok Post, Thailand]
Progressive Corp. asking her to justify the company's attempts to raise auto insurance premiums for seniors in Maine. "I was greatly concerned to learn that Progressive... has been seeking approval to indiscriminately charge higher automobile insurance premiums based solely on when existing policyholders reach certain ages," the Maine Republican begins her letter to Tricia Griffith, Progressive's top executive."/>
Susan Collins wants Progressive to justify bid to raise Maine seniors' auto insurance rates [Portland Press Herald, Maine]
UBS Group AG expects to touch $48-60 billion by 2020 and Morgan Stanley sees at $120..."/>
10 new VC investors who are upbeat on Indian start-ups [Mint, New Delhi]
Axis Bank Ltd on Friday reported a 21.4% drop in its net profit owing to higher provisions against bad loans. The private sector lender missed analyst estimates and reported a net profit of Rs.1, 555.53 crore as compared with Rs.1, 978.44 crore a year ago. According to 27 Bloomberg analysts, the bank was expected to post a net profit of Rs.2, 010.70 crore."/>
Axis Bank Q1 profit falls 21.38% to Rs1,555.53 crore as provisions jump [Mint, New Delhi]
HMN Financial, Inc. Announces Second Quarter Results announced Thursday it will hire more than 500 full-time workers and open a second fulfillment center in the Lehigh Valley, this time in a burgeoning business park off the new Route 33 interchange. Already a massive presence in the Lehigh Valley, Amazon plans to open a 1.1 million-square-foot warehouse in the 800- acre Chrin Commerce Centre in Palmer Township, essentially doubling its distribution capacity in the..."/>
Amazon to hire 500 for second Lehigh Valley warehouse [The Morning Call (Allentown, Pa.)]
Columbia Banking System spokeswoman JoAnne Coy said."/>
BRIEF: Columbia Bank closes Canyon Rim Branch [The Times-News, Twin Falls, Idaho]
Highwoods Properties, former owner of Kansas City's Country Club Plaza shopping district, has sold two of the four Plaza area office buildings that weren't included in the retail center's sale. The real estate services company CBRE Group Inc. said Friday that the building at 801 W. 47th St. was sold to Price Brothers Development Co., an entity that already owns adjacent property. Highwoods' former building at 4600 Madison Ave. was sold to Stanton Road Capital LLC, the..."/>
Highwoods sells two of its remaining Kansas City properties [The Kansas City Star]
First Bancshares, Inc., holding company for The First, A National Banking Association, today reported net earnings available to common shareholders of $2.6 million for the second quarter of 2016, compared to net earnings available to common shareholders of $2.1 million reported for the second quarter of 2015 and $2.5 million in net earnings available to common shareholders for the first quarter of 2016. Diluted earnings for the second quarter of 2016..."/>
The First Bancshares, Inc. Reports a 22% Increase in Quarterly Net Earnings and Declares Quarterly Dividends
Kingsway Financial Services Inc.' s US-based CMC Acquisition, LLC subsidiary has agreed with US-based investment firm CRIC TRT Acquisition LLC to purchase 81% of the issued and outstanding capital stock of Texas-based corporation US-based electronic hazard monitoring services firm CMC Industries, Inc. for USD 1.5 m, the company said. The closing of the transactions contemplated by the purchase agreement is subject to the satisfaction of..."/>
Kingsway Agrees Closes USD 1.5m Acquisition of Electronic Hazard Monitoring FIrm CMC Industries
First Financial Northwest, Inc., the holding company for First Financial Northwest Bank, announced corrections to its press release issued earlier today, Friday, July 22, 2016. Specifically, the loan portfolio table on page 10 of the press release included misstated numbers for commercial real estate and multi-family loans for the comparable quarter ended June 30, 2015. The complete, corrected release follows:."/>
CORRECTING and REPLACING -- First Financial Northwest, Inc. Reports Second Quarter Net Income of $1.4 Million or $0.11 per Diluted Share
Hilltop Holdings Inc., a Dallas-based financial holding company, will host a live webcast and conference call at 8:00 AM Central, Thursday, July 28, 2016. Hilltop Holdings President and CEO Jeremy B. Ford and other key members of management will discuss results for the second quarter of 2016.. Interested parties can access the conference call by dialing 1-877-508-9457 or 1-412-317-0789."/>
Hilltop Holdings Inc. Announces Second Quarter 2016 Earnings Conference Call and Webcast
Summit Bank reported net income for the second quarter of $684 thousand or 29 cents per fully diluted share. Earnings for the comparable period one year ago were $820 thousand or 36 cents per fully diluted share. Year to date earnings were $1.26 million or 53 cents per fully diluted share, compared to $1.39 million or 62 cents that the Bank earned during the first six months of 2015."/>
Summit Bank Reports 2nd Quarter Earnings
Central Pacific Financial Corp., announced today that President and Chief Executive Officer A. Catherine Ngo and Chief Financial Officer and Treasurer David S. Morimoto are scheduled to present at the Keefe, Bruyette& Woods Community Bank Investor Conference in New York City. The presentation is scheduled for Wednesday, August 3, 2016 at 2:30pm Eastern Daylight Time. A live webcast of the presentation will be available at Central Pacific's..."/>
Central Pacific Financial Corp. To Present At The Keefe, Bruyette & Woods Community Bank Investor Conference
Textron Aviation delivered more business jets, fewer turboprops and experienced pricing pressure on its newest business jet in the second quarter and first half of 2016.. The Wichita-based maker of Beechcraft and Cessna airplanes saw revenue increase 6 percent and profit drop 8 percent in the second quarter, according to parent company Textron Inc.' s earnings report on Friday. Revenue at Textron Aviation increased from $1.12 billion to $1.19 billion between the..."/>
Early Latitude jet pricing weighs on Textron Aviation profit [The Wichita Eagle]

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