Banks

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 […]

Both MasterCard (NYSE:MA) and Visa (NYSE:V), the world’s largest processor of debit and credit card payments, released their quarterly earnings reports in the last 48 hours. I was tempted to write about Visa as its shares tried to carry the load on Wall Street on the same day as the Federal Reserve posted its latest, […]

Yes. Wintrust Financial Corporation (Nasdaq:WTFC) today announced the signing of a definitive agreement to acquire Delavan Bancshares, Inc. Delavan is the parent company of Community Bank CBD, a Wisconsin state chartered bank, which operates four banking locations in southeastern Wisconsin. Since its formation in 1996, CBD has an exemplary history of serving its community. As […]

When we become accustomed to studying high-profile companies, we often lose sight of other opportunities. One of those hidden opportunities is Rexam (LSE:REX), one of the world’s top three producers of metal beverage cans. Never heard of them before? Now is a good time to learn about them. Although Rexam may not be a household […]