Banks

Meridian Interstate Bancorp (Nasdaq:EBSB), the holding company for East Boston Savings Bank, announced today the results of the stock offering of Meridian Bancorp, Inc., a newly formed corporation that is the proposed successor holding company for East Boston Savings Bank. The closing of the offering and the conversion from the mutual holding company to stock […]

Chicowhat? Chicopee Bancorp, Inc(Nasdaq:CBNK), the holding company for Chicopee Savings Bank, announced today that it expects to record a provision for loan losses of approximately $2.8 million (pre-tax) and $5.0 million (pre-tax) for the three and six months ended June 30, 2014, respectively. As a result, the Company anticipates reporting a loss before taxes of […]

MainStreet Bank (OTCQB:MNSB) ended the first half of 2014 with pre-tax earnings of $817,000 and nearly $316 million in total assets. “Our loan portfolio has grown nearly 12% since this time last year,” said Chairman, CEO & President Jeff W. Dick. “And our deposit base has grown over 21% during that same time period. Probably […]

Janet Yellen has held the office of Chairwoman of the U.S. Federal Reserve for barely six months. Although any change following Ben Bernanke’s tenure would have been certain to engender more change than just the chairmanship itself, Yellen stunned economists and investors today in “the clearest statement yet that the new U.S. central bank chief […]

$946 Million Tarp repayment from Popular, Inc. The U.S. Department of the Treasury today announced that US taxpayers received a full repayment from Popular, Inc. (Popular) of $946 million. Popular (NASDAQ:BPOP), the largest bank that remained in the Capital Purchase Program (CPP), recently received regulatory approval from the Board of Governors of the Federal Reserve […]

There was so much going on today, I couldn’t settle on just one item. Instead, I thought I would highlight what has been happening to the share prices and the shareholders of Rolls Royce (LSE:RR.), Tesco (LSE:TSCO), Royal Bank of Scotland (LSE:RBS) and Tencent Holdings (HKX:700). Rolls Royce Shares in Rolls Royce gained 2.2% to […]

Barclays share price got a well-deserved, swift kick in the seat of its pants today as it dropped 6.52% on the London Exchange (LSE:BARC) and is down 6.75% on the New York Exchange (NYSE:BCS) as of 2:44 EDT.  The Barclays share price hit a 19-month low on the LSE, closing at 215.00, and reducing its […]

Merger to Create One of New Jersey’s Premier Financial Institutions With Enhanced Financial Resources and Technology Serving Middle Market Commercial Businesses ConnectOne Bancorp, Inc. (Nasdaq:CNOB), parent company of ConnectOne Bank, and Center Bancorp, Inc. (Nasdaq:CNBC), parent company of Union Center National Bank, today jointly announced that their respective shareholders, at...

The U.S. Department of the Treasury has priced a secondary public offering of the remaining 1,085,554 shares of common stock of CommunityOne Bancorp (the Company) it holds at $9.35 per share. The aggregate net proceeds to Treasury from the offering are expected to be $10.1 million. After this offering, Treasury will no longer hold any […]

Dividend of $0.15 Per Share Flushing Financial Corporation (Nasdaq:FFIC), the parent holding company for Flushing Bank, today announced that the Board of Directors declared a quarterly dividend on its common stock of $0.15 per common share, payable on June 27, 2014 to shareholders of record at the close of business on June 6, 2014. John […]