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Texas Capital Bancshares, Inc. Plans Appeal
Thursday, August 25, 2011 - 5:32pm | 164Texas Capital Bancshares (NASDAQ: TCBI) announced today it plans to appeal a $65.4 million jury verdict rendered on August 24, 2011, in Antlers, Oklahoma in rural Pushmataha County in a case filed by one of the guarantors of a defaulted loan. The Bank has been advised by counsel that there are...
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First Busey Exits TARP and Announces Small Business Lending Fund Investment
Thursday, August 25, 2011 - 3:20pm | 157First Busey Corporation (Nasdaq: BUSE), the parent corporation of Busey Bank, Busey Wealth Management and FirsTech, has exited the Troubled Asset Relief Program and announces investment of approximately $72.6 million in preferred stock from the Small Business Lending Fund (SBLF) to be used to...
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Market Update
Thursday, August 25, 2011 - 8:32am | 148Shares of Willis Group Holdings plc (NYSE: WSH) gained about 1.3% after Willis Europe BV, a division of Willis Group Holdings acquired 100% of the shares of Polish insurance broker, Brokerskie Centrum Ubezpieczeniowe Sp. Zoo. Shares of Prospect Capital Corporation (NASDAQ: PSEC) rose about 2%...
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Raymond James Upgrades CoBiz To Outperform, $6 PT
Thursday, August 25, 2011 - 7:29am | 27Raymond James has upgraded CoBiz Financial (NASDAQ: COBZ) from Market Perform to Outperform and has established a $6 price target.
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UPDATE: Jefferies Lowers Price Target On Zions Bancorp To $18
Thursday, August 25, 2011 - 6:56am | 92According to Jefferies, Zions Bancorp (NASDAQ: ZION) price target is lowered to $18. Jefferies said that it remains Hold based in part on general caution on the group, but feel better about some of Zions' defensive characteristics and could become more constructive once TARP repayment and trust...
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Mark DeMarcus Named Chief Operating Officer at Yadkin Valley
Thursday, August 25, 2011 - 6:44am | 123The Board of Directors of Yadkin Valley Financial Corporation (NASDAQ: YAVY) has appointed Wm. Mark DeMarcus Chief Operating Officer of the Company and of banking unit Yadkin Valley Bank & Trust. DeMarcus has been with Yadkin Valley since its merger with American Community Bank in 2009; he...
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Jefferies Lowers PT On Zionz Bancorp To $18
Thursday, August 25, 2011 - 5:51am | 27Jefferies & Company has lowered the price target on Zions Bancorp (NASDAQ: ZION) from $27 to $18 and maintains its Hold rating.
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Syria Preparing to Resist Globalist and NATO Regime Change Plans
Wednesday, August 24, 2011 - 3:45pm | 2166Kevin Hayden – TruthisTreason.net Source: 21st Century Wire With globalist restructuring plans for the Middle East and North Africa looking to be nearly complete, one major hurdle remains. After a relatively easy path to victory in Tunisia and Egypt, and with the project to dismantle and re-...
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Syria Preparing to Resist Globalist and NATO Regime Change Plans
Wednesday, August 24, 2011 - 3:45pm | 2166Kevin Hayden – TruthisTreason.net Source: 21st Century Wire With globalist restructuring plans for the Middle East and North Africa looking to be nearly complete, one major hurdle remains. After a relatively easy path to victory in Tunisia and Egypt, and with the project to dismantle and re-...
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First California Announces Repurchase of Outstanding TARP Warrant From Treasury
Wednesday, August 24, 2011 - 3:32pm | 103First California Financial Group, Inc. (NASDAQ: FCAL), the holding company of First California Bank, today announced that it has completed the repurchase of a warrant held by the U.S. Treasury Department. The 10-year warrant was issued on December 19, 2008 as part of the Company's participation in...
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First California Announces Repurchase of Outstanding TARP Warrant From Treasury
Wednesday, August 24, 2011 - 3:30pm | 125First California Financial Group, Inc. (NASDAQ: FCAL), the holding company of First California Bank, today announced that it has completed the repurchase of a warrant held by the U.S. Treasury Department. The 10-year warrant was issued on December 19, 2008 as part of the Company's participation in...
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Heritage Financial Authorizes Stock Repurchase of up to 5% of Outstanding Shares
Wednesday, August 24, 2011 - 6:00am | 90Heritage Financial Corporation (Nasdaq: HFWA), announced that its Board of Directors has authorized the repurchase of up to 5% of the Company's outstanding shares or approximately 782,000 shares. The purchases will take place over the next 12 months and may be made on the open market, or in...
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UPDATE: Sterne Agee Lowers PT on East West Bancorp from $26 to $21
Tuesday, August 23, 2011 - 6:47am | 86Sterne Agee has published a research report on East West Banccorp (NASDAQ: EWBC) lowering the price target. In the report, Sterne Agee wrote, "In a pervasive low interest rate environment we think bears are more concerned replacement of earning assets at high enough yields will prove too...
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UPDATE: Evercore Upgrades City National to Overweight
Tuesday, August 23, 2011 - 6:44am | 98Evercore is out with its report today on City National (NYSE: CYN), upgrading CYN to Overweight from Equal-weight. In its report, Evercore writes, "We are upgrading CYN to Overweight from Equal-Weight as the stock's pullback has created an attractive entry point into a premium franchise. CYN has...
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Cantor Fitzgerald Upgrades Cathay General To Buy, $15 PT
Tuesday, August 23, 2011 - 6:19am | 27Cantor Fitzgeraldn has upgraded Cathay General Bancorp (NASDAQ: CATY) from Hold to Buy and has established a $15 price target.