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Heritage Financial Announces $24 Million Repayment of All TARP Funds
Wednesday, December 22, 2010 - 5:08pm | 75HERITAGE FINANCIAL CORPORATION (Nasdaq: HFWA) today announced that it has redeemed the 24,000 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A that it issued to the United States Department of Treasury under the Troubled Asset Relief Program Capital Purchase Program in...
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First Horizon Repays TARP Preferred Shares
Wednesday, December 22, 2010 - 5:04pm | 43First Horizon National Corp. (NYSE: FHN) has repurchased its $867 million of TARP CPP Preferred Stock. The repayment follows the recent completion of successful stock and debt offerings in which the company raised more than $750 million.
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American Community Bancorp, Inc. Shareholders Approve Merger With German American Bancorp, Inc.
Wednesday, December 22, 2010 - 4:22pm | 48American Community Bancorp, Inc. and German American Bancorp, Inc. (Nasdaq: GABC), jointly announced today that the shareholders of American Community approved the merger agreement with German American Bancorp, Inc. during the special shareholders meeting held on December 22, 2010 in Evansville,...
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BancorpSouth Surges 10.4% (BXS)
Wednesday, December 22, 2010 - 3:47pm | 120Shares of BancorpSouth, Inc. (NYSE: BXS) are trading up 10.4% at $16.10 per share during the Wednesday afternoon trading session. The day's range for shares of BancorpSouth, Inc has been between $14.59 and $16.21 per share. The average price target of analysts who cover BancorpSouth, Inc. (BXS) is...
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Hancock Holding Company Falls 6.8% On Merger News (HBHC)
Wednesday, December 22, 2010 - 3:20pm | 296Shares of Hancock Holding Company (Nasdaq: HBHC) are trading down 6.8% at $34.51 per share during the Wednesday afternoon trading session. The company made a joint announcement with Whitney Holding Corporation (Nasdaq: WTNY) early on Wednesday morning, that Whitney Holding Corporation would merge...
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Benzinga's Top Performing Industries (BXS, FHN, WAG, CCL, PCLN, SIRI)
Wednesday, December 22, 2010 - 2:54pm | 186Regional - Southeast Banks industry trades 4.49% higher on Wednesday. In the space, BancorpSouth, Inc. (NYSE: BXS) advanced 10% on a huge volume. Its average volume is 719K traded shares, and today, 2.30M shares have already been traded. First Horizon National Corporation (NYSE: FHN) is also doing...
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Huntington Bancshares Repurchases $1.4 Billion in TARP Capital
Wednesday, December 22, 2010 - 2:46pm | 38Huntington Bancshares Incorporated (Nasdaq: HBAN) today announced that it has completed the repurchase of its $1.4 billion of Series B Perpetual Preferred Stock that it issued to the U.S. Department
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Wednesday's Put/Call Ratio Leaders (CVBF, MNTA, JDSU, NG, BSX)
Wednesday, December 22, 2010 - 1:48pm | 91Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. CVB Financial (NASDAQ: CVBF) 20,181 puts, 3 calls 2. Momenta Pharmaceuticals (NASDAQ: MNTA) 6,642 puts, 174 calls 3. JDS Uniphase Corp. (NASDAQ: JDSU) 9,744 puts, 283 calls 4....
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Top Narrow Based Indexes For December 22 (WAG, CXZ, STI)
Wednesday, December 22, 2010 - 12:15pm | 194By 10:55 am, the Dow Jones Industrial Average was up 9.46 points, or 0.08%, to 11,542.62, while the broader Standard & Poor's 500 index had gained 2.20 points, or 0.18%. The NASDAQ composite index fell 0.25 point, or 0.01%. Some of the narrow based indexes supporting the markets are Drug Store...
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Bank of Commerce Holdings™ Announces Q4 Cash Dividend of $0.03
Wednesday, December 22, 2010 - 12:01pm | 32Patrick J. Moty, President & CEO of Bank of Commerce Holdings (Nasdaq: BOCH) today announced a cash dividend of $0.03 per share for the fourth quarter 2010.
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Benzinga's Volume Movers (WTNY, PRGS, NXPI, ARMH)
Wednesday, December 22, 2010 - 11:56am | 217Whitney Holding Corporation (NASDAQ: WTNY) shares moved up 29.44% to $14.07 at 10:40 am. The volume of WTNY shares traded was 1174% higher than normal. Hancock Holding Co (NASDAQ: HBHC) agreed to purchase WTNY for $1.5 billion, or $15.48 per share, representing a 42% premium over WTNY's closing...
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Top Performing Industries For December 22 (WAG, WTNY, CUK, MAT)
Wednesday, December 22, 2010 - 11:25am | 201At 10:16 am, the Dow gained 0.04% to 11,537.81, the broader Standard & Poor's 500 index moved up 0.18% to 1,256.88 and the NASDAQ composite index rose 0.11% to 2,670.61. The industries that are driving the market today are: Drug Stores: This industry jumped 4.79% by 10:16 am. The top stock...
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Puts Purchased on BancorpSouth (BXS)
Wednesday, December 22, 2010 - 11:12am | 135Shares of BancorpSouth (NYSE: BXS) are higher on the session by 9.12%, currently trading at $15.91. The stock has been moving largely lower over the past six months and is currently consolidating between the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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Morning Market Movers (LEGC, ZOOM, WTNY, MOR)
Wednesday, December 22, 2010 - 11:03am | 161Legacy Bancorp Inc (NASDAQ: LEGC) jumped 43.26% to $12.32 at 10:00 am. Berkshire Hills Bancorp Inc (NASDAQ: BHLB) announced its plans to acquire LGCY for $13 per share. Zoom Technologies Inc (NASDAQ: ZOOM) shares advanced 38.38% to $5.30. ZOOM projected its FY11 net income between $16 and $17...
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Susquehanna Bancshares, Inc. Repays TARP Funds
Wednesday, December 22, 2010 - 11:03am | 69Susquehanna Bancshares, Inc. (Susquehanna) (NASDAQ: SUSQ) announced today that it has redeemed the remaining $100 million of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, issued to the U.S. Treasury pursuant to the Troubled Asset Relief Program Capital Purchase Program in December...