Berkshire Bank Names Hartford-Springfield Commercial Leader
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June 25th, 2012 by InvestorPoint
CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies, announced that it has arranged a $117.5 million senior secured credit facility to TrustHouse Services Group, Inc. to finance its acquisition of Valley Services, Inc., a national food service management company and one of the largest meal providers in the country. TrustHouse is a portfolio company of Gryphon Investors, a premier San Francisco-based middle market private equity firm. …continued
CIT banks business loan
June 21st, 2012 by InvestorPoint
Malaga Financial Corporation (OTCBB:MLGF) , the parent company of Malaga Bank FSB, today announced that Mark Smith, formerly of Beach Business Bank and Bay Cities National Bank, has accepted the position of Senior Vice President/Business Banking. Mr. Smith resides in Palos Verdes Estates, CA with his wife and two children. He has a long history of local community service, currently holding board member positions on the South Bay Police & Fire Memorial Foundation and the Torrance-South Bay Are…continued
MLGF lender bank loan
June 19th, 2012 by InvestorPoint
The board of directors of U.S. Bancorp (NYSE: USB) has declared a quarterly dividend of $0.195 per common share, payable July 16, 2012, to shareholders of record at the close of business on June 29, 2012. At this quarterly dividend rate, the annual dividend is equivalent to $0.78 per common share. The board of directors has also declared the following: A regular quarterly dividend of $884.722 per share (equivalent to $8.84722 per depositary share) on U.S. Bancorp’s Series A Non-Cumulative Per…continued
USB Financial loan loans
June 19th, 2012 by InvestorPoint
Natural Product Laboratories facility can now be seen on the Company’s website ORLANDO, Fla., June 19, 2012 /PRNewswire/ – Union Equity Inc. (PINKSHEETS: UNQT) is pleased to announce that its wholly owned subsidiary, Natural Product Laboratories LLC, has posted a virtual tour of its 18,000 square foot facility on the Union Equity website (www.unionequityinc.info). Natural Product Laboratories virtual tour takes you through its impressive laboratories where the Company produces the hig…continued
UNQT homes loan realty
June 14th, 2012 by InvestorPoint
CLINTON, N.J., June 14, 2012 /PRNewswire/ – Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced today the appointment of Mr. John F. X. Keane, a 38-year banking veteran as Executive Vice President and Chief Lending Officer. In this roll Mr. Keane will now assume responsibility for both Commercial and SBA lending. “We are pleased John is joining Unity. He has a proven track record in commercial banking,” said President and Chief Executive Officer …continued
UNTY loan Banking banks
June 13th, 2012 by InvestorPoint
WASHINGTON, June 13, 2012 /PRNewswire/ – The Federal Agricultural Mortgage Corporation (Farmer Mac, NYSE: AGM and AGM.A) today announced the appointment of Stephen P. Mullery as Senior Vice President – General Counsel and Secretary of Farmer Mac, effective June 8, 2012. Mr. Mullery succeeds Jerome G. Oslick, who will retire after an 18-year career at Farmer Mac, including the last 12 years as an executive officer and General Counsel. Mr. Oslick will …continued
AGM AGM.A lenders loan loans
June 13th, 2012 by InvestorPoint
FLOYD, Va., June 13, 2012 /PRNewswire/ — The Board of Directors for Cardinal Bankshares Corporation (OTC BB: CDBK) today declared a bi-annual dividend of $0.10 per share, a 25 percent increase over the $.08 per share paid in the previous six months. The dividend will be paid June 30, 2012, to shareholders of record as of June 27, 2012. Floyd, Va-based Cardinal Bankshares, the parent company for the Bank of Floyd, has $272 million in assets and operates seven branch offices in the Roanoke Region o…continued
CDBK loan bank investment
June 11th, 2012 by InvestorPoint
Today, HSBC Group Chairman, Douglas Flint, announced the launch of the HSBC Water Programme , a new $100 million, five-year partnership with WWF, WaterAid and Earthwatch to tackle water risks in river basins; bring safe water and improved sanitation to over a million people; and raise awareness about the global water challenge. The announcement comes as a new report from Frontier Economics for HSBC reveals that by 2050, the top ten river basins ii by population are expected to produce a quarter …continued
HBC loan Financial mortgages
June 8th, 2012 by InvestorPoint
TriCo Bancshares (Nasdaq:TCBK) (the “Company”), parent company of Tri Counties Bank (the “Bank”), announced that effective Monday, June 11, 2012, Carol Ward will become the Company’s Executive Vice President-Chief Risk Officer. Ward will be the newest addition to the executive management team of Tri Counties Bank. Ward comes to the position following 28 years of banking experience including over 10 years of senior risk management positions at several Southern California banks. Those banks include Coun…continued
TCBK visa Banking loan
June 7th, 2012 by InvestorPoint
LOS ANGELES, June 7, 2012 (GLOBE NEWSWIRE) — Wilshire Bancorp, Inc. (Nasdaq:WIBC), the holding company (“the Company”) of Wilshire State Bank, announced today that it intends to redeem the remaining 2,158 shares of its outstanding Fixed Rate Cumulative Perpetual Preferred Stock, Series A (TARP Preferred Stock) that were issued under the Troubled Asset Relief Program (“TARP”) Capital Purchase Program. The effective date for the planned redemption will be July 6, 2012. The shares are being redeeme…continued
WIBC loan Banking savings
June 7th, 2012 by InvestorPoint
WASHINGTON, June 7, 2012 /PRNewswire/ – The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a quarterly dividend on each of the Corporation’s three classes of common stock – Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM). The quarterly dividend of $0.10 per share of common stock will be payable on June 29, 2012 to hol…continued
AGM AGM.A mortgages loan Financial
June 4th, 2012 by InvestorPoint
Malaga Financial Corporation (OTCBB:MLGF) , the parent company of Malaga Bank FSB, today announced that EVP/CFO Jasna Penich was a finalist for the 2012 Women Making a Difference Executive Management Award sponsored by the Los Angeles Business Journal. Ms. Penich was one of over 200 nominees who were honored at a recent luncheon and awards ceremony. “It is with great pride that we acknowledge the Los Angeles business community’s recognition of Jasna’s professional accomplishm…continued
MLGF mortgage banks loan
May 31st, 2012 by InvestorPoint
PITTSFIELD, Mass. and EAST SYRACUSE, N.Y., May 31, 2012 /PRNewswire/ – Berkshire Hills Bancorp, Inc. (“Berkshire”) (NASDAQ: BHLB) and Beacon Federal Bancorp, Inc. (“Beacon”) (NASDAQ: BFED) announced today that they have signed a definitive merger agreement under which Berkshire will acquire Beacon in a transaction valued at approximately $132 million. Under the agreement, Beacon’s subsidiary bank, Beacon Federal, will be merged into Berkshire Bank, America’s Most Exciting Bank(SM). …continued
BFED BHLB Banking banks loan
May 29th, 2012 by InvestorPoint
LOS ANGELES, May 29, 2012 (GLOBE NEWSWIRE) — Wilshire Bancorp, Inc. (Nasdaq:WIBC), the parent company of Wilshire State Bank, announced today that the Memorandum of Understanding (MOU), dated May 6, 2011, by and between the bank, the Federal Deposit of Insurance Corporation and the California Department of Financial Institutions, has been terminated, effective as of May 18, 2012. “We believe the bank has made great progress over the past year, and we are gratified that the regulators have recogniz…continued
WIBC Financial mortgage loan
May 29th, 2012 by InvestorPoint
STILLWATER, Okla., May 29, 2012 (GLOBE NEWSWIRE) — Southwest Bancorp, Inc., (Nasdaq:OKSB) (Nasdaq:OKSBP), (“Southwest”) announced today the declaration of a distribution of $2.73 per security on the preferred and common securities, liquidation amount $25.00 per security, issued by Southwest Capital Trust (the “Trust”). The distributions are payable on June 15, 2012 to holders of record as of June 1, 2012, pursuant to the terms of the Trust’s Amended and Restated Declaration of Trust dated July 2, 200…continued
OKSB loan banks Banking
May 25th, 2012 by InvestorPoint
Riverview Bancorp, Inc. (Nasdaq:RVSB) (“Riverview” or the “Company”), the parent company of Riverview Community Bank (the “Bank”) today announced that it has increased its provision for loan losses an additional $3.2 million for its fourth fiscal quarter ended March 31, 2012. As a result, the Company’s net loss was $16.0 million, or $0.71 per share, for the quarter ended March 31, 2012, compared to a net loss of $16.6 million, or $0.74 per share in the …continued
RVSB Financial loan deposit
May 24th, 2012 by InvestorPoint
Small businesses are showing signs of recovery after a difficult year in 2011, according to the Capital One Small Business Barometer for the first quarter of 2012, released by Capital One Small Business today in conjunction with National Small Business Week. This quarterly survey of small businesses across the nation examines general economic indicators and small business perceptions of the economic environment, gauging current financial conditions and business projections for the following six months…continued
COF banks loan investment
May 23rd, 2012 by InvestorPoint
JEFFERSONVILLE, N.Y., May 23, 2012 (GLOBE NEWSWIRE) — Jeffersonville Bancorp, Inc. (Nasdaq:JFBC) today submitted written notice to the Nasdaq Capital Market (“Nasdaq”) of its intention to voluntarily delist its common stock, $0.50 par value, from Nasdaq. The Company intends to file a Form 25 with the Securities and Exchange Commission (the “SEC”) on June 4, 2012 to delist its common stock. The common stock will continue to be listed until June 1, 2012. The Company intends to commence quotation and tr…continued
JFBC server loan banks