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Monroe Bancorp Shareholders Approve Merger with Old National Bancorp
Thursday, December 16, 2010 - 3:43pm | 138Monroe Bancorp (Nasdaq: MROE) announced that at a special shareholders' meeting held today, the shareholders of Monroe approved the merger of Monroe with and into Old National Bancorp (NYSE: ONB). It is anticipated that the merger will become effective on January 1, 2011. Based on the terms of the...
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Tax-Cut Deal: Enough to Boost Jobs? - Analyst Blog
Thursday, December 16, 2010 - 3:00pm | 950Is sustaining the Bush-era tax cuts adequate to address unemployment? President Barack Obama's tone at a White House event last week gives us confidence, but questions on the efficacy of the tax-cut still lingers. Though the tax-cut deal -- better to say Obama's compromise with Republicans to...
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Tax-Cut Deal: Enough to Boost Jobs? - Analyst Blog
Thursday, December 16, 2010 - 2:40pm | 950Is sustaining the Bush-era tax cuts adequate to address unemployment? President Barack Obama's tone at a White House event last week gives us confidence, but questions on the efficacy of the tax-cut still lingers. Though the tax-cut deal -- better to say Obama's compromise with Republicans to...
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First Business Financial Services Announces Dividend of $.07
Thursday, December 16, 2010 - 1:09pm | 59First Business Financial Services, Inc. (Nasdaq: FBIZ) announced that its board of directors has declared a quarterly cash dividend on its common stock of $0.07 per share. The 2010 annualized dividend amount is $0.28 per share. The cash dividend is payable on January 15, 2011 to shareholders of...
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Washington Trust Bancorp, Inc. Declares Dividend of $.21
Thursday, December 16, 2010 - 12:59pm | 46The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: WASH) today declared a quarterly dividend of 21 cents per share for the quarter ending December 31, 2010. The dividend will be paid on January 14, 2011 to shareholders of record on January 4, 2011.
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CVB Financial Corp. Announces Dividend of 8.5 Cents
Thursday, December 16, 2010 - 12:31pm | 57CVB Financial Corp. (NASDAQ: CVBF) announced an eight and one-half cent ($0.085) per share cash dividend for the fourth quarter of 2010. The dividend was approved at the regularly scheduled Board of Directors meeting on December 15, 2010. It will be payable on or about January 12, 2011 to...
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S&P Making Sharecount Changes, KBW Reports (HBAN, HCP, FHN, LXP)
Thursday, December 16, 2010 - 10:27am | 136After the close on Wed., 12/15, S&P announced weekly sharecount changes that will be effective after the close on Wed., 12/22, KBW reports. S&P is increasing the sharecounts of First Horizon National Corp. (NYSE: FHN), Huntington Bancshares Inc. (NASDAQ: HBAN), and HCP, Inc. (NYSE: HCP) in...
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KBW Maintains Market Perform Rating on Sun Bancorp
Thursday, December 16, 2010 - 10:07am | 108KBW maintains its Market Perform rating on Sun Bancorp (NASDAQ: SNBC) after selling off loans. In a note to clients, KBW writes, "Sun announced it sold $77mn of sub and non-performing CRE loans with a loss on sale of $25mn. Based on the original principal balance of $87mn, the $54mn of net proceeds...
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KBW Lowers BB&T Rating to Market Perform Due to Valuation
Thursday, December 16, 2010 - 9:39am | 91KBW is lowering its rating on shares of BB&T Corporation (NYSE: BBT) to Market Perform due to the company's valuation. “BBT shares have increased 14% in December and have come in line with our price target,” KBW writes. “We believe that BBT still has significant strategic advantages versus...
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Zacks #5 Rank Additions for Thursday - Tale of the Tape
Thursday, December 16, 2010 - 9:33am | 346Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AK Steel Holding Corp (AKS) Amer River Bankshares (AMRB) Ameron Intl Corp (AMN) Aviat Networks Inc (AVNW) Banco Santander (STD) View the entire Zacks #5 Rank List. AK STEEL HLDG (AKS): Free Stock Analysis Report AMERON INTL...
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Zacks #5 Rank Additions for Thursday - Tale of the Tape
Thursday, December 16, 2010 - 9:14am | 346Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AK Steel Holding Corp (AKS) Amer River Bankshares (AMRB) Ameron Intl Corp (AMN) Aviat Networks Inc (AVNW) Banco Santander (STD) View the entire Zacks #5 Rank List. AK STEEL HLDG (AKS): Free Stock Analysis Report AMERON INTL...
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United Bankshares to Acquire Centra Financial Holdings for $186.9M
Thursday, December 16, 2010 - 8:51am | 78United Bankshares, Inc. (NASDAQ: UBSI) Chairman and Chief Executive Officer, Richard M. Adams, announced the signing of a definitive merger agreement with Centra Financial Holdings, Inc.. The estimated aggregate consideration of the transaction is approximately $186.9 million based on Centra's 8.4...
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J.P. Morgan Adjusts First Horizon Estimates
Thursday, December 16, 2010 - 8:43am | 104First Horizon (NYSE: FHN) raised $238 million in net proceeds, issuing 23.8 million shares at $10.50, J.P. Morgan reports. In addition, the company completed a $500 million note offering and plans to redeem $103 million in 8.07% TRUPs. “We had previously assumed the company would raise $290 million...
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Keefe Downgrades BB&T To Market Perform
Thursday, December 16, 2010 - 8:35am | 27Keefe Bruyette & Woods has downgraded BB&T Corporation (NYSE: BBT) to Market Perform from Outperform with a $27 price target.
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Heritage Financial Announces Closing of $57.6 Million Stock Offering
Wednesday, December 15, 2010 - 5:02pm | 76Heritage Financial (Nasdaq: HFWA) today announced that it has raised $57.6 million through the previously announced public offering by issuing 4,427,500 shares of the Company's common stock, including 577,500 shares issued pursuant to the exercise of the underwriters' over-allotment option, at a...