Industry News

IndusInd Bank Ltd reported on Wednesday a 26% increase in its second quarter net profit on higher interest income and stable asset quality. Net profit rose to Rs704.26 crore in the September quarter from Rs560 crore a year ago. Thirteen analysts polled by Bloomberg had estimated a profit of Rs707.2 crore."/>
Indusind Bank Q2 profit rises 25.7% to Rs704.26 crore [Mint, New Delhi]
State Bank of India chairperson Arundhati Bhattacharya will be India's nominee for the post of managing director and chief operating officer at the World Bank, two senior government functionaries told HT. If she succeeds, Bhattacharya, 60, will be the first Indian to be holding an important managerial position in an international financial institution. The closest was in 2001 when former deputy chairman of the Planning Commission Montek Singh Ahluwalia was..."/>
SBI's Arundhati Bhattacharya in race for top World Bank job [Hindustan Times, New Delhi]
PPL Corp. executives explained Wednesday how they plan to cope with the country's increasingly bumpy exit from the European Union, known as the Brexit. Based in downtown Allentown, PPL is one of the region's largest employers. It became the sole owner of Western Power Distribution in 2002, and in 2011 it expanded its British holdings by purchasing the United..."/>
PPL addresses Brexit effects [The Morning Call (Allentown, Pa.)]
Sprint Corp. is borrowing against its federally issued airwaves licenses to put $3.5 billion into its pocket under a much-awaited sale and lease-back deal. The Overland Park-based wireless carrier already had raised more than $2 billion through two rounds of a first-of-its-kind deal that involved selling smartphones that it had leased to customers. It raised more than $2 billion more in a similar deal involving some of its wireless network equipment."/>
Sprint using airwaves as collateral to raise $3.5 billion [The Kansas City Star]
Altisource Residential Corp. has acquired a portfolio of 4,262 single family rental properties for an aggregate purchase price of USD 652.3 m in a seller-financed transaction, the company said. The assets were acquired from investment funds sponsored by Texas-based financial services holding company Amherst Holdings, LLC. The seller financing for this transaction represented 75% of the purchase price and was..."/>
Altisource Residential Acquires Single Family Rental Home Portfolio for USD 652.3m
Quaint Oak Bancorp, Inc., the holding company for Quaint Oak Bank, announced today that its Board of Directors at their meeting on October 12, 2016, declared a quarterly cash dividend of $0.04 per share on the common stock of the Company payable on November 7, 2016, to the shareholders of record at the close of business on October 24, 2016.. Quaint Oak Bancorp, Inc. is the holding company for Quaint Oak Bank. Founded in 1926 and celebrating its 90 th..."/>
Quaint Oak Bancorp, Inc. Declares Quarterly Cash Dividend
Live Oak Bancshares, Inc. today announced that it will report its third quarter 2016 financial results after U.S. financial markets close on Wednesday, October 26, 2016.. In conjunction with this announcement, Live Oak will host a conference call to discuss the company's financial results and business outlook on Thursday, October 27, 2016, at 9:00 a.m. ET. To access this call, dial 743-2494 or 378-9528 with conference ID 94419161."/>
Live Oak Bancshares, Inc. Announces Date of Third Quarter 2016 Financial Results
Orchid Island Capital, Inc. announced today that the Board of Directors declared a monthly cash dividend for the month of October 2016. The dividend of $0.14 per share will be paid October 31, 2016, to holders of..."/>
Orchid Island Capital Announces October 2016 Monthly Dividend and September 30, 2016 RMBS Portfolio Characteristics
Potomac Bancshares, Inc.,, the One Bank Holding Company for Bank of Charles Town, announced the Board of Directors declared a 6.5 cents per share dividend at its meeting on October 11, 2016. The dividend is for all shareholders of record on October 25, 2016 and will be paid on November 1, 2016.. Bank of Charles Town, a wholly owned subsidiary of Potomac Bancshares, Inc., is a locally owned community bank..."/>
Potomac Bancshares, Inc. Declares Dividend
INFOR Acquisition Corp. announced today that the arrangement agreement entered into by IAC, Element Fleet Management Corp., 2510204 Ontario Inc. and ECN Capital Corp. as it relates to the IAC plan of arrangement has been terminated by mutual agreement of the parties."/>
INFOR Acquisition Corp. Announces Termination of IAC Arrangement with ECN Capital Corp.
ECN Capital Corp. today announced that by mutual agreement, INFOR Acquisition Corp. and ECN Capital have terminated the previously announced qualifying transaction that would have resulted in the acquisition of all of the outstanding shares of IAC by ECN Capital. ECN Capital's growth and capital strategy remains on track and focused on positioning the Company as a North American leader in commercial finance. ECN Capital's growth and capital..."/>
ECN Capital Confirms Growth and Capital Strategy
Codorus Valley Bancorp, Inc., the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.13 per common share, payable on November 8, 2016, to shareholders of record at the close of business on October 25, 2016. Including the dividend that was just declared, cash dividends for the year 2016 will total $0.52 per share, representing an increase of $0.01 or 2..."/>
Codorus Valley Bancorp, Inc. Declares Quarterly Cash Dividend and 5 Percent Stock Dividend

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