Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $10.80 USD
Change Today +0.02 / 0.19%
Volume 31.0K
NVSL On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

naugatuck valley financial (NVSL) Key Developments

Naugatuck Valley Financial Corp. and Naugatuck Valley Savings and Loan Reach Settlement with Ex-CEO

Naugatuck Valley Financial Corp. announced that it entered into a settlement with former president, CEO and board member John Roman. Roman in June 2012 tendered his resignation as president and CEO of the Naugatuck and its subsidiary, Naugatuck Valley Savings and Loan. According to Naugatuck's filing, Roman then applied for an injunction in November of that year against the company, the bank and the other board members. He sought to prevent his removal as a director of Naugatuck Valley Savings, and his complaint alleged that the other directors had held a removal vote in retribution for his having threatened legal action. He further noted that his threat of action was based on his resignation as president and CEO. Roman was still removed as a director of the bank on Nov. 30, 2012. He subsequently modified his injunction, asking to be reinstated. In March 2013, this was denied by the court. Roman then resigned as a director of the parent company, effective May 16, 2013. Roman again amended his complaint, this time to drop some of the charges but to add claims including breach of employment agreement and negligent infliction of emotional distress.

Naugatuck Valley Financial Corporation, Annual General Meeting, May 21, 2015

Naugatuck Valley Financial Corporation, Annual General Meeting, May 21, 2015., at 10:00 US Eastern Standard Time. Location: The Community Room in Naugatuck Valley Savings and Loan’s main office. Agenda: To approve the election of four directors for a term of three years and one director for a term of two years; to ratify the appointment of McGladrey LLP as independent registered public accountants for the fiscal year ending December 31, 2015; to vote on a non-binding resolution to approve the compensation of its named executive officers; and to consider the other matters as may properly come before the annual meeting or any postponements or adjournments of the annual meeting.

Kevin A. Kennedy Not to Re-nominate as a Director of Naugatuck Valley Financial Corporation and Naugatuck Valley Savings and Loan

On March 24, 2015, Kevin A. Kennedy announced that the Boards of Directors of Naugatuck Valley Financial Corporation and its wholly-owned subsidiary, Naugatuck Valley Savings and Loan (the "Bank"), not renominate him for election as a director of the company and the Bank following the expiration of his term at the company's 2015 Annual Meeting as a result of the demands of his business, Kennedy & Company.

J. Allen Kosowsky Resigns as Director of Both Naugatuck Valley Financial Corporation and Naugatuck Valley Savings and Loan

On January 8, 2015, J. Allen Kosowsky resigned as a director of both Naugatuck Valley Financial Corporation and Naugatuck Valley Savings and Loan.

Naugatuck Valley Financial Corporation Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Naugatuck Valley Financial Corporation reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company earned $1.06 million, or $0.16 per diluted share compared to a net loss of $1.03 million, or $0.16 per diluted share, for the quarter ended September 30, 2013. Total interest income was $4.899 million compared to $4.683 million for the same period of last year. Net interest income was $4.114 million compared to $3.858 million for the same period of last year. Income before provision for income taxes was $1.056 million compared to loss of $1.031 million for the same period of last year. Net interest income increased $0.256 million, or 7%, primarily due to a $0.216 million increase in interest income on earning assets resulting from deployment of overnight funds and borrowed funds into higher yielding investment securities in early 2014. Return on average assets was 0.21%. Return on average equity was 1.77%. For the nine months, the company earned net income of $0.341 million compared to a net loss of $6.4 million for the same period in 2013. Earnings per diluted share for the nine months ended September 30, 2014 was $0.05 compared to a loss of $0.97 for the same period in 2013. Total interest income was $14.828 million compared to $15.367 million for the same period of last year. Net interest income was $12.499 million compared to $12.461 million for the same period of last year. Income before provision for income taxes was $0.341 million compared to a loss of $6.421 million for the same period of last year. Return on average assets was 0.07%. Return on average equity was 0.57%.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
NVSL:US $10.80 USD +0.02

NVSL Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Atlantic Coast Financial Corp $5.59 USD +0.17
First Capital Inc $26.77 USD +0.1969
First Clover Leaf Financial Corp $9.05 USD -0.02
First Savings Financial Group Inc $30.03 USD 0.00
LaPorte Bancorp Inc $14.05 USD -0.20
View Industry Companies
 

Industry Analysis

NVSL

Industry Average

Valuation NVSL Industry Range
Price/Earnings 23.5x
Price/Sales 3.1x
Price/Book 1.2x
Price/Cash Flow 24.6x
TEV/Sales 0.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact NAUGATUCK VALLEY FINANCIAL, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.