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FDIC's Problem Bank List Increases - Analyst Blog
Wednesday, November 24, 2010 - 7:00pm | 764The number of banks on the Federal Deposit Insurance Corporation's (FDIC) list of problem institutions in the third quarter grew to 860 from 829 in the previous quarter and 552 in the year-ago quarter, the organization said on Tuesday. This is the highest since the savings and loan crisis in the...
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Good Data On The Home Front, But Regional Banks Still Languishing (RF, FITB, MI, ZION)
Wednesday, November 24, 2010 - 5:16pm | 272Regional banks are about as closely tied to the U.S. economy as any sector out there. They have no international exposure and their success depends upon consumers and businesses being able to pay back loans promptly. Today's economic data showed the U.S. economic recovery is taking hold. Consumer...
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Stocks Crossing Over 50 Day and 200 Day Moving Averages (AAN, CBAK, CCNE)
Wednesday, November 24, 2010 - 4:18pm | 68There are three stocks that have crossed over their 50 day moving averages, which could be considered a buying opportunity. Aaron's Inc. (NYSE: AAN), China BAK Battery, Inc. (NASDAQ: CBAK) and CNB Financial Corporation (NASDAQ: CCNE) all crossed their 50 day moving averages. Disclosure: no position
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Upgrades And Downgrades In Regional Banks
Wednesday, November 24, 2010 - 3:53pm | 203There has been a slew of upgrades and downgrades this week in the regional banks. Regional banks are getting more attention lately, as investors believe these banks will suffer more than their larger brethren in the years to come. M&T Bank (NYSE: MTB) was upgraded to Buy by Stifel Nicolaus and...
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Oriental Financial Group Increases Dividend 25% to 5 Cents
Wednesday, November 24, 2010 - 3:39pm | 57Oriental Financial Group Inc. (NYSE: OFG) today announced it has increased its regularly quarterly cash dividend per common share by 25%, to $0.05 per share, from $0.04 per share, for the fourth quarter ending December 31, 2010. The payable date is January 14, 2011, to holders of record on...
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FDIC's Problem Bank List Increases - Analyst Blog
Wednesday, November 24, 2010 - 1:33pm | 764The number of banks on the Federal Deposit Insurance Corporation's (FDIC) list of problem institutions in the third quarter grew to 860 from 829 in the previous quarter and 552 in the year-ago quarter, the organization said on Tuesday. This is the highest since the savings and loan crisis in the...
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BB&T Upgraded to Neutral - Analyst Blog
Wednesday, November 24, 2010 - 1:12pm | 595We are upgrading our recommendation on BB&T Corp. (BBT) to Neutral from Underperform based on its balanced growth structure, continuous improvement in deposit mix and strong net interest margin (NIM). BB&T's third quarter 2010 adjusted earnings came in at 31 cents, a nickel ahead of the...
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TCF Financial Price Target Lowered to $15 at Collins Stewart
Wednesday, November 24, 2010 - 10:08am | 21TCF Financial (NYSE: TCB) price target is lowered from $19 to $15 at Collins Stewart.
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BB&T Upgraded to Neutral - Analyst Blog
Wednesday, November 24, 2010 - 7:37am | 595We are upgrading our recommendation on BB&T Corp. (BBT) to Neutral from Underperform based on its balanced growth structure, continuous improvement in deposit mix and strong net interest margin (NIM). BB&T's third quarter 2010 adjusted earnings came in at 31 cents, a nickel ahead of the...
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James C. Garvey Named CEO of Borel Private Bank & Trust
Tuesday, November 23, 2010 - 5:45pm | 42Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) today announced the appointment of James C. Garvey as Chief Executive Officer and President of Borel Private Bank & Trust Company, the Company's Northern California affiliate, effective December 13, 2010.
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Superior Bank Files $58M Oil Spill Claim
Tuesday, November 23, 2010 - 5:15pm | 41Superior Bancorp (Nasdaq: SUPR) today announced that its subsidiary, Superior Bank, has filed a damage claim of $58 million with the Gulf Coast Claims Facility as a result of the Deepwater Horizon oil spill.
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Chicopee Bancorp, Inc. Completes Repurchase of 0.32M Shares
Tuesday, November 23, 2010 - 4:13pm | 48Chicopee Bancorp, Inc. (NASDAQ: CBNK) announced that it has completed its fourth stock repurchase program which was announced on February 26, 2010. The Company acquired 318,952 shares, or 5% of the Company's outstanding common stock at an average purchase price of approximately $11.75 per share.
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S&T Bank Appoints Bill Jones as Senior Vice President
Tuesday, November 23, 2010 - 3:57pm | 82S&T Bancorp, Inc. (Nasdaq: STBA), a full-service financial institution with branch locations in 10 Pennsylvania counties, is pleased to announce the appointment of Bill Jones to senior vice president and consumer and business support center manager. In this role, Jones is responsible for...
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Penns Woods Bancorp, Inc. Announces Quarterly Dividend of $.46
Tuesday, November 23, 2010 - 3:40pm | 40Richard A. Grafmyre, President and Chief Executive Officer of Penns Woods Bancorp, Inc., (Nasdaq: PWOD) has announced that the Company's Board of Directors declared a fourth quarter 2010 cash dividend of $0.46 per share.
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C&F Financial Corporation Announces Quarterly Dividend of $.25
Tuesday, November 23, 2010 - 2:20pm | 40The board of directors of C&F Financial Corporation (Nasdaq: CFFI) has declared a regular cash dividend of 25 cents per common share, which is payable January 1, 2011 to shareholders of record on December 15, 2010.