Posts Tagged Bank
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Seacoast Commerce Bank Pays Off TARP and Participates in the Small Business Lending Fund to Support Small Business Lending
CHULA VISTA, Calif., Sept. 2, 2011 (GLOBE NEWSWIRE) -- Seacoast Commerce Bank (OTCBB:SCCB) today announced that it has completely repaid the U.S. Treasury on its .8 million Preferred stock investment into the bank under the Treasury's TARP Capital Purchase Program. Those funds, received in December ...
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City National’s Literacy Program Donates $10,000 to Children’s Defense Fund-California’s Urban Lights CDF Freedom Schools(R) Program
LOS ANGELES, Sept. 1, 2011 (GLOBE NEWSWIRE) -- City National Bank today announced that through its Reading is The way up® literacy program it has donated ,000 to the Children's Defense Fund-California (CDF-CA) Urban Lights Freedom Schools® program. This donation will provide much needed support fo...
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Pacific Mercantile Bancorp Completes $11.2 Million Equity Financing, Satisfies Capital Requirement of DFI Order, and Enters Into Agreements to Raise an Additional $27.3 Million of Equity
COSTA MESA, Calif., Aug. 26, 2011 (GLOBE NEWSWIRE) -- Pacific Mercantile Bancorp (Nasdaq:PMBC) announced today that, on August 26, 2011, it completed a private placement in which it sold 112,000 shares of a newly created Series B Convertible 8.4% Preferred Stock (the "Series B Shares"), at a price o...
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Territorial Bancorp Inc. Completes First Repurchase Program
HONOLULU, Aug. 18, 2011 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc., (Nasdaq:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that the Company has completed its first repurchase program. The Company repurchased 733,988 shar...
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Western Liberty Bancorp Initiates 5% Share Repurchase Program
LAS VEGAS, Aug. 18, 2011 (GLOBE NEWSWIRE) -- Western Liberty Bancorp, Inc. (Nasdaq:WLBC), the holding company for Service1st Bank of Nevada (Service1st Bank), today announced that the Board of Directors has authorized a stock repurchase program. The program gives management the authority to acquire...
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FNB United Corp. Announces Full Subscription of $310 Million Common Stock Private Placement
Completion of Capital Raise Fulfills Key Contingency for FNB Acquisition of Bank of Granite Regulatory and Shareholder Approvals Represent Next Steps in the Merger Process ASHEBORO, N.C., Aug. 2, 2011 (GLOBE NEWSWIRE) -- FNB United Corp. (Nasdaq:FNBN), parent company of CommunityONE Bank, N.A....
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Puget Sound Bank YTD Earnings Increase 44% Year-Over-Year
BELLEVUE, Wash., July 20, 2011 (GLOBE NEWSWIRE) -- Puget Sound Bank (OTCBB:PUGB), today reported solid growth in earnings, fueled by growing revenues and loans, a higher net interest margin, and strong capital ratios. For the first half of 2011, profits grew 44% to 9,269 from 5,105 in the like perio...
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First Citizens Bank Purchases Certain Assets, Assumes Certain Liabilities of Colorado Capital Bank
RALEIGH, N.C., July 8, 2011 (GLOBE NEWSWIRE) -- First Citizens Bank, a subsidiary of Raleigh-headquartered First Citizens BancShares (Nasdaq:FCNCA), announced today that it has entered into an agreement with the Federal Deposit Insurance Corp. (FDIC) to purchase substantially all the assets and assu...
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1st Capital Bank Announces Marketing Agreement With Leading Payroll Provider Paychex
MONTEREY, Calif., July 5, 2011 (GLOBE NEWSWIRE) -- 1st Capital Bank (OTCBB:FISB) has entered into a marketing agreement with Paychex to offer payroll and related services to its clients. This announcement was made by David A Szafranski, senior vice president, marketing and sales of 1st Capital Bank...
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Summit State Bank Announces Election of Directors
SANTA ROSA, Calif., July 1, 2011 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq:SSBI) today announced the results of their annual shareholders meeting. The following were elected directors as a result of shareholder voting: James Baxter, Josh Cox, John F. DeMeo, Michael J. Donovan, Richard A. Dorr, T...
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Washington Banking Company Elects New Director
OAK HARBOR, Wash., June 24, 2011 (GLOBE NEWSWIRE) -- Washington Banking Company (Nasdaq:WBCO), announced today that it elected Mark D. Crawford to serve on its Board of Directors. Crawford was also elected to serve on the board of Whidbey Island Bank, the Company's wholly-owned subsidiary. "Mark is...
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Hancock Holding Company Completes Whitney Holding Corporation Merger
GULFPORT, Miss., June 5, 2011 (GLOBE NEWSWIRE) -- Hancock Holding Company (Nasdaq:HBHC) ("Hancock") announced today the completion of its acquisition of Whitney Holding Corporation (Nasdaq:WTNY) ("Whitney"), effective Saturday, June 4, 2011. "This milestone in the rich histories of two well-establi...
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State-Investors Bank to Commence Conversion and Stock Offering
METAIRIE, La., May 16, 2011 (GLOBE NEWSWIRE) -- State-Investors Bank announced today that it has received conditional approval from the Office of Thrift Supervision to convert from the mutual to stock form of organization and commence an offering of shares of common stock of a newly formed Louisiana...
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The Bank of Kentucky Financial Corporation Announces First Quarter Earnings
CRESTVIEW HILLS, Ky., April 21, 2011 (GLOBE NEWSWIRE) -- The Bank of Kentucky Financial Corporation (the "Company") (Nasdaq:BKYF), the holding company of The Bank of Kentucky, Inc. (the "Bank"), today reported its earnings for the first quarter ended March 31, 2011. For the first quarter, the Compan...
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Heritage Oaks Bancorp Schedules First Quarter Conference Call
PASO ROBLES, Calif., April 19, 2011 (GLOBE NEWSWIRE) -- Heritage Oaks Bancorp, (Nasdaq:HEOP), the holding company of Heritage Oaks Bank, will host a conference call on Friday, April 29, 2011 at 8:00 a.m. Pacific Daylight Time to discuss its operating results for the quarter ending March 31, 2011, wh...
