Banks

No cost figure released TowneBank (Nasdaq:TOWN) announced that, at the close of business on January 2, 2015, it completed the previously announced acquisition of Franklin Financial Corporation, parent company of Franklin Federal Savings Bank, one of the oldest and largest community-based financial institutions in central Virginia. All eight Franklin branches opened today as TowneBank Richmond...

Details below. Bryn Mawr Bank Corporation (Nasdaq:BMTC), parent of The Bryn Mawr Trust Company, today announced it completed its previously announced merger with Continental Bank Holdings, Inc. (CBH), the parent company of Continental Bank (Continental), a high-quality community bank headquartered in Plymouth Meeting, Pennsylvania. Pursuant to the terms of the merger, CBH merged with and...

Are you a stock holder? Southern Missouri Bancorp, Inc. (NASDAQ: SMBC), the parent corporation of Southern Bank , announced that today the Company’s Board of Directors declared a 2-for-1 split in the form of a 100% stock dividend, payable on or about January 30, 2015, to stockholders of record as of January 16, 2015. Under […]

Worth $25.9 Million Triumph Bancorp, Inc. (Nasdaq:TBK) today announced that it had completed the redemption of all of the outstanding Fixed Rate Cumulative Perpetual Preferred Stock, Series T1 and Series T2 issued by its wholly-owned subsidiary, National Bancshares, Inc. The TARP Preferred Stock was redeemed for a total redemption price of $26.2 million, which reflects […]

For $16m AnchorBank, fsb, a wholly owned subsidiary of Anchor BanCorp Wisconsin Inc. (Nasdaq:ABCW), has announced that it has finalised the sale of its Richland Center branch to The Peoples Community Bank (Peoples) as previously announced. The transaction closed following receipt of the necessary regulatory approvals and satisfaction of customary closing conditions. Financial terms of […]

New six-year term loan with Rabobank Owens Realty Mortgage, Inc. (NYSE:ORM) announced today that it has entered into a new six-year term loan with Rabobank, N.A.of up to $14,500,000. It is anticipated that $10,445,000 will be borrowed by ORM at the first closing and up to an additional $4,055,000 will be made available in one […]

Means First NBC ticker symbol will change to “FNBC” First NBC Bank Holding Company (Nasdaq:NBCB), the holding company for First NBC Bank, and State Investors Bancorp, Inc. (Nasdaq:SIBC), the holding company of State-Investors Bank, jointly announced today the signing of a definitive agreement for First NBC to acquire State Investors by means of a merger. […]

The initial offering price of Lending Club (NYSE:LC) shares was $15.00, higher than the $12.00-$14.00 range anticipated. When shares started trading for the first time on 11 December, they popped 65% before finishing the day up 56% at $23.43. Lending Club shares closed Friday at $24.69 and increased to $24.84 in after-hours trading. The Emergence […]

There is a human tendency – we all have it – to forget the bigger picture when a singular matter is making headlines. Whilst I obviously believe the recent news regarding oil production and pricing is BIG (this is my fourth  consecutive  article on the subject), I feel compelled to remind us all that it’s not […]

Pension Funds-Led Litigation Results in Third Largest MBS Class Action Payment A federal judge has given final approval to a $275 million cash settlement in the mortgage-backed (MBS) class action litigation against Royal Bank of Scotland (RBS) and others led by New Jersey Carpenters Health Fund and the Boilermaker Blacksmith Pension Trust, along with additional […]