Regional Banks

The National Archives and Records Administration (NARA) has selected IBM (NYSE: IBM) for an operations and maintenance contract for the ongoing maintenance and evolution of its Electronic Records Archive, in a contract valued at more than $240 million over a 10 year period. The ERA project is...

Nara Bancorp, Inc. (NASDAQ: NARA) and Center Financial Corporation (NASDAQ: CLFC) today announced the receipt of shareholder approval for the planned merger of the two companies. The shareholders of Nara Bancorp and Center Financial approved the merger at each company's respective annual meeting of...

At 10:05 am, the Dow rose 0.39% to 11,103.92, the broader Standard & Poor's 500 index moved up 0.78% to 1,171.38 and the NASDAQ composite index gained 1.07% to 2,521.67. The industries that are driving the market today are: Processing Systems & Products: This industry jumped 2.03% by 10:...

Shares of SunTrust Banks (NYSE: STI) are higher on the session by 1.67%, currently trading at $20.05. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on calls today. A short while ago the...

Below are the top mid-cap money center banks stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at First Republic Bank (NYSE: FRC) is 63.46%. FRC's revenue for the same period is $1.02 billion. The trailing-twelve-month operating margin at...

Alliance Financial Corporation (NASDAQ: ALNC) announced that its Board of Directors has declared a quarterly dividend of $0.31 per common share. The dividend is payable on October 3, 2011 to shareholders of record on September 19, 2011.

Heartland Financial USA, Inc. (NASDAQ: HTLF) announced today that it has received preliminary approval to receive an investment of up to $81.7 million in Heartland preferred stock from the U.S. Department of the Treasury under the Small Business Lending Fund. The SBLF is a $30 billion voluntary...

Sun Bancorp, Inc. (NASDAQ: SNBC) today announced the filing of a universal shelf Registration Statement on Form S-3 with the Securities and Exchange Commission. "Sun maintains a strong capital position and having a routine shelf registration statement on file enables us to quickly capitalize on...

ECB Bancorp, Inc. (NASDAQ: ECBE), the parent company of East Carolina Bank (the “Bank”), reported that their doors were open on Monday to service the needs of their customers at 22 of their 25 office locations, after Hurricane Irene made landfall in eastern NC early Saturday morning.

MidSouth Bancorp, Inc. (NYSE: MSL), announced today that its subsidiary, MidSouth Bank, N.A., has signed a definitive agreement with First Louisiana National Bank, a wholly owned subsidiary of First Bankshares of St. Martin, Ltd, to purchase substantially all of the assets and liabilities of the...

Waccamaw Bankshares (NASDAQ: WBNK) said today that its request for shares of its common stock to remain listed on The Nasdaq Stock Market has been granted on condition that all delinquent financial documents are filed with the Securities and Exchange Commission by Sept. 27. The Nasdaq Hearings...

Hampden Bancorp, Inc. (NASDAQ: HBNK), which is the holding company for Hampden Bank, announced today the completion of the Company's third Stock Repurchase Program. The Program was approved by the Company's Board of Directors on June 2, 2010. A total of 357,573 shares, or approximately 5% of the...

Fluidigm Corporation (NASDAQ: FLDM) shares dropped 5.77% to create a new 52-week low of $11.75. FLDM's trailing-twelve-month profit margin is -55.08%. Colony Bankcorp Inc (NASDAQ: CBAN) shares fell 9.70% to create a new 52-week low of $2.42. CBAN shares have dropped 53.63% over the past 52 weeks,...

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, at a price of $100 per Share in cash, generating gross proceeds to the Company of $11.2...

Old National Bancorp (NYSE: ONB), which acquired all 52 branches of the former Integra Bank on July 29, 2011, in an FDIC-assisted transaction, has announced its intention to close nine of the 52 branches, effective September 30, 2011. Account information from each of the nine branches being...