Industry News

Capitol Federal Financial Inc. said Friday that it had profit of $20.6 million in the quarter ending June 30, down 4.5 percent from the previous quarter. The Topeka-based bank attributed the lower profit to a fall in non-interest income. In the first quarter, it received death benefits on insurance policies and it also received annual commissions from certain insurance providers."/>
BRIEF: Capitol Federal profit down 4.5 percent for the quarter [The Wichita Eagle]
Cigna will continue to work with its would-be buyer Anthem as the companies seek to convince a federal judge and regulators that their merged insurance giant would not be detrimental to consumers. The CEO of Bloomfield-based Cigna, David Cordani, told analysts during an earnings call Friday that it is "clearly our intent and commitment" to continue contributing significant time and resources to work on finalizing the $54 billion acquisition by Indianapolis-based..."/>
Cigna Committed To Fighting Antitrust Lawsuit, But Keeps Options Open [The Hartford Courant]
Exelon, the energy company that plans to move into the building in October. But the corporate giant will be sharing its glassy headquarters with some smaller names: an expected 103 apartment dwellers. The tenants, the first residents to put down roots in the new Harbor Point development, are the latest example of office living in the city and offer a preview of more to come."/>
Office living: Harbor Point building, others, double down on mixed-use [The Baltimore Sun]
Franklin Financial Services Corporation declared a $0.21 per share regular cash dividend for the third quarter of 2016. This compares to a $0.19 per share regular cash dividend for the third quarter of 2015, representing a 10.5% increase. Total cash dividends paid during the first three quarters of 2016 will be $0.61 per share compared to $0.55 per share in 2015, an increase of 10.9%."/>
Franklin Financial Declares Third Quarter Dividend
TriCo Bancshares news, including earnings information, please visit our website at https://www.tcbk.com/investor-relations/press-release. Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares headquartered in Chico, California, providing a unique brand of customer Service with Solutions available in traditional stand-alone and in-store bank branches in communities throughout Northern and Central California."/>
TriCo Bancshares to Participate at Keefe Bruyette & Woods 2016 Community Bank Conference
Nasdaq MarketSite in Times Square today in celebration of its initial public offering on The Nasdaq Stock Market, the home to the world’ s most innovative companies.. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/313e5ec1-f1eb-4042-9505-f2998913f96c. Talend’ s open-source, next generation..."/>
Nasdaq Welcomes Talend to The Nasdaq Stock Market
Peoples Financial Services Corp. declared a quarterly dividend of $0.31 per share. The dividend is payable September 15, 2016 to shareholders of record August 31, 2016.. Peoples Financial Services Corp. is the parent company of Peoples Security Bank and Trust Company, an independent community bank serving Bucks, Lackawanna, Lehigh, Luzerne, Monroe, Montgomery, Susquehanna, Wayne and Wyoming Counties in..."/>
PEOPLES FINANCIAL SERVICES CORP. Declares Third Quarter 2016 Dividend
Commerce Union Bancshares, Inc., parent of Reliant Bank, announced today that members of its management team will make a presentation at the KBW Community Bank Investor Conference in New York on August 3, 2016. Representing Commerce Union Bancshares at the investor conference will be Ron DeBerry, Chairman and CEO and Dan Dellinger, Chief Financial Officer. All materials pertaining to Commerce Union Bancshares’ presentation to investors may be accessed..."/>
Commerce Union Bancshares, Inc. to Participate at KBW Community Bank Investor Conference
First Niagara Financial Group reported a 24 percent drop in its second-quarter profits, as the bank prepares to be acquired by KeyCorp. Buffalo-based First Niagara recorded net income of $46.4 million, down from $61 million a year ago. It reported diluted earnings per share of 11 cents, down from 15 cents the year before, but topping analysts' average estimate of 15 cents per share."/>
First Niagara quarterly profits fall 24 percent [The Buffalo News, N.Y.]
Evans Bancorp has achieved a long-sought goal: $1 billion in total assets. The Hamburg-based bank hit the target in the second quarter, when it also recorded a 20 percent increase in profits from a year ago, to $2 million. It had net income per diluted share of 46 cents, up from 39 cents a year ago."/>
Evans Bancorp hits target of $1 billion in assets [The Buffalo News, N.Y.]
Salisbury Bancorp, Inc.,, the holding company for Salisbury Bank and Trust Company, announced results for its second quarter ended June 30, 2016.. Net income available to common shareholders was $1.7 million, or $0.63 per common share, for the second quarter ended June 30, 2016, compared with $1.5 million, or $0.55 per common share, for the first quarter ended March 31, 2016, and $2.0 million, or $0.74 per common share, for the second quarter ended June 30,..."/>
Salisbury Bancorp, Inc. Reports Results for Second Quarter 2016; Declares 28 Cent Dividend
San Antonio Family Becomes First-Generation Homeowners
SmartFinancial, Inc., announced today net income of $1.2 million in its second quarter, compared to $0.1 million a year ago. In the third quarter 2015, SmartFinancial successfully completed the merger of two holding companies, legacy SmartFinancial, Inc. and Cornerstone Bancshares, Inc., and carried forward the name "SmartFinancial, Inc." In the first quarter of 2016 SmartFinancial completed the merger of Cornerstone Community Bank..."/>
SmartFinancial Reports Second Quarter Results
Assured Guaranty operating companies’ financial strength ratings of AA, which is the highest rating that S&P currently assigns to any active financial guarantor."/>
S&P Affirms Assured Guaranty’s AA Financial Strength Ratings with Stable Outlook
Intercontinental Exchange, a leading operator of global exchanges, clearing houses and data services, today announced that it has entered into an agreement to sell certain U.S. voice brokerage operations of Creditex to Tullett Prebon, one of the world’ s leading interdealer brokers. ICE will retain the electronically traded markets and systems, post-trade connectivity platforms and intellectual property of Creditex, which serves the global credit default..."/>
Intercontinental Exchange Announces Agreement for the Sale of the Voice Brokerage Operations of Creditex to Tullett Prebon
First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the First American Loan Application Defect Index for June 2016,..."/>
Loan Application Defect and Fraud Risk Declines Due to Benefits of Low Mortgage Rates, According to First American Loan Application Defect Index
American Financial Group, Inc. and its insurance subsidiaries, and the ratings of National Interstate Corporation and its insurance subsidiaries are unchanged following the July 25, 2016, announcement that an agreement has been reached under which AFG will acquire all shares of NATL not currently owned by AFG’ s subsidiary Great American Insurance Company. Under the terms of the agreement AFG reached with the Special Committee of the..."/>
A.M. Best Comments on Ratings of American Financial Group, Inc. and National Interstate Corporation Following Announcement of Merger Agreement
German American Bancorp, Inc., will be presenting at the Keefe Bruyette& Woods 2016 Community Bank Investor Conference which will be held August 2 nd and 3 rd in New York City.. Mark A Schroeder, Chairman and Chief Executive Officer of German American, together with Bradley M. Rust, Executive Vice President and Chief Financial Officer, will present the Company's business strategy and financial performance at 2:00 p.m. EDT, on Tuesday, August 2 nd."/>
German American Bancorp, Inc. to Present at KBW Community Bank Investor Conference
James River Group Holdings, Ltd. announced today that the A.M. Best Company upgraded the financial strength ratings of its subsidiary insurance and reinsurance companies to“ A” from“ A-”.. In a news release announcing its decision to upgrade James River’ s subsidiary insurance and reinsurance companies’ financial strength ratings, A.M."/>
James River Group Holdings, Ltd. (NASDAQ: “JRVR”) Upgraded to “A” by A.M. Best

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