Regional Banks

Sandy Spring Bancorp, Inc. (Nasdaq: SASR) today announced the election of Robert E. Henel, Jr., to its board of directors on June 29, 2011. Henel, 63, is the former Regional President of PNC Bank for the Annapolis and Anne Arundel County Region having previously served as the Chairman, President...

Hanmi Financial Corporation (Nasdaq: HAFC), the parent company of its wholly-owned subsidiary Hanmi Bank, today announced that it elected not to proceed with its planned public offering of common stock.

I strongly believe that the marketing and distribution of auction-rate securities was the single greatest scam perpetrated on investors by Wall Street. While a full forty months have passed since the ARS market failed that fateful day in February 2008, approximately $100 billion of the original $...

I strongly believe that the marketing and distribution of auction-rate securities was the single greatest scam perpetrated on investors by Wall Street. While a full forty months have passed since the ARS market failed that fateful day in February 2008, approximately $100 billion of the original $...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Hudson City Bancorp (NASDAQ: HCBK) "turned out to be far more controversial than I realized ... If you want a good regional, I suggest First Niagara Financial (NASDAQ: FNFG)." For Transocean (NYSE: RIG), he said, "I like it, a...

Renasant Corporation (NASDAQ: RNST) today announced that its wholly-owned subsidiary, Renasant Bank has entered into a definitive agreement to acquire the Birmingham, Alabama based trust department of RBC Bank, which services clients in Alabama and Georgia. The acquisition by Renasant will not...

West Bancorporation, Inc. (Nasdaq: WTBA) parent company of West Bank, announces that it has redeemed all $36,000,000 of the preferred stock it sold to the United States Treasury on December 31, 2008, under the Capital Purchase Program.

West Bancorporation, Inc. (Nasdaq: WTBA) announces that it has redeemed all $36,000,000 of the preferred stock it sold to the United States Treasury on December 31, 2008, under the Capital Purchase Program ("TARP"). "We are extremely pleased to be able to repay all of the TARP funds so quickly...

Macatawa Bank Corporation (Nasdaq: MCBC) today announced completion of its successful public offering of common stock. Macatawa Bank Corporation common stock is traded on The Nasdaq Global Select Market under the ticker symbol "MCBC." At 5:00 p.m., Eastern Time, on June 27, 2011, the Company's...

Bank of Virginia (Nasdaq: BOVA) announced the retirement of its Vice Chairman, H. E. "Hank" Richeson, age 69, from the Bank's Board of Directors, marking the culmination of a 45-year career in Richmond-area banking. Mr. Richeson became the founding CEO of Bank of Virginia in 2002, served nine...

Oriental Financial Group Inc. (NYSE: OFG) today announced completion of its current $30 million stock repurchase program and approval by the Board of Directors of a new program to purchase an additional $70 million of common stock in the open market. Under the $30 million program, initiated in...

At 10:05 am, the Dow fell 0.05% to 12,182.59, the broader Standard & Poor's 500 index moved up 0.15% to 1,298.59 and the NASDAQ composite index dropped 0.19% to 2,723.70. The industries that are still afloat in the market today are: Regional - Mid-Atlantic Banks: This industry jumped 2.76% by...

Alanco Technologies Inc (NASDAQ: ALAN) climbed 51.96% to $1.55 at 9:45 am. ALAN announced its plans to merge with profitable, fast-growing YuuZoo Corporation. Stewardship Financial Corp (NASDAQ: SSFN) shares gained 43.43% to $7.10. SSFN declared a $0.05 per share cash dividend. Highway Holdings...

Southern National Bancorp of Virginia, Inc. (Nasdaq: SONA), the holding company for Sonabank, announced today that Sonabank has entered into a definitive agreement to purchase all deposits of approximately $46 million, and certain assets of the Midlothian branch office of The Bank of Hampton Roads...

Heritage Commerce Corp (Nasdaq: HTBK) today announced that it was added to the Russell 3000 Index and Russell 2000 Index when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 24, 2011. The new membership lists for Russell Indexes were posted on June...