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bancorp: search

C.A. Bancorp Inc. Announces Change to Ongoing Operating Expenses

TORONTO (Marketwire) - C.A. Bancorp Inc. (TSX:BKP) ("C.A. Bancorp") announces that it will reimburse Sentry Select Capital Corp. ("Sentry Select") for the salaries of certain Sentry Select employees who provide full time services to C.A. Bancorp. As approved by the independent members of C.A. Bancorp's board of directors (the "Independent Directors"), this change becomes effective immediately.

Central Valley Community Bancorp Successfully Completes Acquisition of Service 1st Bancorp

FRESNO, CA--(MARKET WIRE)--Nov 12, 2008 -- Central Valley Community Bancorp (Company) (NasdaqCM:CVCY - News), the parent company of Central Valley Community Bank (Bank), announced today the completion of the acquisition of Service 1st Bancorp (OTC BB:SVCF.OB - News) and Service 1st Bank effective after close of business, November 12, 2008.

Independent Bank Corp. and Benjamin Franklin Bancorp, Inc. Sign Definitive Merger Agreement for Acquisition of Benjamin Franklin Bancorp, Inc.

Independent Bank Corp. (INDB), parent of Rockland Trust Company, and Benjamin Franklin Bancorp, Inc. (BFBC), parent of Benjamin Franklin Bank, jointly announced today the signing of a definitive agreement under which Independent Bank Corp. will acquire Benjamin Franklin Bancorp.

Independent Bank Corp. and Benjamin Franklin Bancorp, Inc. Sign Definitive Merger Agreement for Acquisition of Benjamin Franklin Bancorp, Inc.

ROCKLAND, Mass. & FRANKLIN, Mass. (Business Wire) -- Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, and Benjamin Franklin Bancorp, Inc. (NASDAQ: BFBC), parent of Benjamin Franklin Bank, jointly announced today the signing of a definitive agreement under which Independent Bank Corp. will acquire Benjamin Franklin Bancorp.

Cape Bancorp, Inc. Reports Third Quarter 2008 Results

Cape Bancorp, Inc. ("Cape Bancorp") (NASDAQ: CBNJ), the parent company of Cape Bank, announces its operating results for the quarter ended September 30, 2008. Cape Bancorp reported net income of $593 thousand, or $0.05 per share, for the September 30, 2008 quarter, a decline from $1.3 million, or $0.11 per share reported for the quarter ended June 30, 2008. Net income for the quarter ended September 30, 2008 was adversely affected by an other-than-temporary impairment (OTTI) charge of $975 thousand on equity securities of two financial institutions (Freddie Mac and Fannie Mae), leaving a current book value of $96 thousand. An additional OTTI charge of $1.2 million was taken on a collateralized debt obligation, leaving a current book value of $498 thousand.

Cape Bancorp, Inc. Reports Third Quarter 2008 Results

Cape Bancorp, Inc. ("Cape Bancorp") (NASDAQ: CBNJ), the parent company of Cape Bank, announces its operating results for the quarter ended September 30, 2008. Cape Bancorp reported net income of $593 thousand, or $0.05 per share, for the September 30, 2008 quarter, a decline from $1.3 million, or $0.11 per share reported for the quarter ended June 30, 2008. Net income for the quarter ended September 30, 2008 was adversely affected by an other-than-temporary impairment (OTTI) charge of $975 thousand on equity securities of two financial institutions (Freddie Mac and Fannie Mae), leaving a current book value of $96 thousand. An additional OTTI charge of $1.2 million was taken on a collateralized debt obligation, leaving a current book value of $498 thousand.

Nara Bancorp Receives Preliminary Approval for $67 Million Investment from U.S. Treasury

LOS ANGELES - (Business Wire) Nara Bancorp, Inc. (NASDAQ: NARA) today announced that it has received preliminary approval from the U.S. Department of Treasury for a $67 million investment in Nara Bancorp preferred stock and warrants to purchase Nara Bancorp common stock, as part of the federal government

Pennsylvania Commerce Bancorp to Acquire Repub...

HARRISBURG, Pa.--(BUSINESS WIRE)--Pennsylvania Commerce Bancorp Inc. (NASDAQ: COBH), holding company of Commerce Bank/Harrisburg, and Philadelphia-based Republic First Bancorp Inc. (NASDAQ: FRBK), holding company of Republic First Bank, today announced that the companies have signed a definitive agreement to merge to form Metro Bancorp Inc.

Metavante Integrated Healthcare Benefit Account Solutions Now Include The Bancorp Bank HSALoading...

MILWAUKEE--(BUSINESS WIRE)--November 10, 2008--Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced The Bancorp Bank as another integrated health savings account (HSA) custodian option within its suite of healthcare benefit account payments solutions. Through this arrangement, Metavante Corporation can offer health plans and third-party benefit administrators (TPAs) another top 10 HSA financial custodian solution fully integrated with Metavantes BenSoft benefits administration and payment platform already used to manage all other consumer benefit accounts flexible spending accounts (FSA), health reimbursement arrangements (HRA) and transportation/parking accounts. The Bancorp Bank is a wholly owned subsidiary of The Bancorp, Inc.

Independent Bank Corp. and Benjamin Franklin Bancorp, Inc. Sign Definitive Merger Agreement for Acquisition of Benjamin Franklin Bancorp, Inc.

parent of Benjamin Franklin Bank, jointly announced today the signing of a definitive agreement under which Independent Bank Corp. will acquire Benjamin Franklin Bancorp.

The Bancorp Receives Approval for $45.2M TARP ...

WILMINGTON, Del.--(BUSINESS WIRE)--The Bancorp, Inc. (the “Bancorp”) (Nasdaq:TBBK) today announced that it has received preliminary approval from the U.S. Treasury Department for the sale of approximately $45.2 million of preferred stock and related warrants to the U.S. Treasury under the Capital Purchase Program of the Emergency Economic Stabilization Act of 2008. This approval is subject to certain conditions and the execution of definitive agreements.

BankAtlantic Bancorp Reports Financial Results for the Third Quarter, 2008

FORT LAUDERDALE, Fla. -- BankAtlantic Bancorp, Inc. (NYSE:BBX) today reported a net loss of ($6.1) million, or ($0.54) per diluted share, for the quarter ended September 30, 2008, representing a $23.5 million or 80.0% improvement compared to the net loss of ($29.6) million or ($2.61) per diluted share for the third quarter of 2007. BankAtlantic Bancorp ("the Company") reported a net loss of ($19.4) million, or ($1.73) per diluted share, for the second quarter of 2008.

BankAtlantic Bancorp Reports Financial Results for the Third Quarter, 2008

FORT LAUDERDALE, Fla. (Business Wire) -- BankAtlantic Bancorp, Inc. (NYSE:BBX) today reported a net loss of ($6.1) million, or ($0.54) per diluted share, for the quarter ended September 30, 2008, representing a $23.5 million or 80.0% improvement compared to the net loss of ($29.6) million or ($2.61) per diluted share for the third quarter of 2007. BankAtlantic Bancorp ("the Company") reported a net loss of ($19.4) million, or ($1.73) per diluted share, for the second quarter of 2008.

HopFed Bancorp, Inc. Receives Preliminary Approval to Participate in Treasury Capital Purchase Program

HOPKINSVILLE, Ky., Nov. 20 /PRNewswire-FirstCall/ -- HopFed Bancorp, Inc. today announced that it has been selected and preliminarily approved to participate in the United States Department of Treasury Capital Purchase Program (TARP). The Company is examining the details of the program and has thirty days to make a decision on its participation in the program. HopFed Bancorp is eligible to receive a Treasury Department investment in the Company's preferred stock of up to $18.4 million. The senior preferred stock would have a per annum dividend rate of 5.00% for the first five years and 9.00% thereafter. The Company would also issue the Treasury Department 10 year warrants for common stock equal to 15% of the Treasury's preferred stock investment, giving the Treasury the opportunity to benefit from any increase in the Company's stock price

First Bancorp Reports Third Quarter Results

TROY, N.C., Oct. 28 /PRNewswire-FirstCall/ -- First Bancorp (Nasdaq: FBNC - News), the parent company of First Bank, reports that net income for the third quarter of 2008 amounted to $6,197,000, or $0.37 per diluted share. This represents an increase in net income of 7.9% and a decrease in diluted earnings per share of 7.5% from the $5,743,000, or $0.40 per diluted share, reported in the third quarter of 2007. For the nine months ended September 30, 2008, the Company reports net income of $17,004,000, or $1.07 per diluted share. This represents an increase in net income of 6.0% and a decrease in diluted earnings per share of 3.6% from the net income of $16,048,000, or $1.11 per diluted share, reported for the first nine months of 2007. The 2008 earnings reflect the impact of the acquisition of Great Pee Dee Bancorp, which had $213 million

The Savannah Bancorp Reaches $1 Billion in Assets and Promotes Executive Management

SAVANNAH, Ga., Nov. 19, 2008 (GLOBE NEWSWIRE) -- The Savannah Bancorp, Inc. (NasdaqGM:SAVB - News) announced today that the Company reached a significant milestone in November by attaining the $1 billion asset mark. ``Our employees have worked very hard to grow and retain our customer base. This is a rewarding threshold for all of us and is a true testament to the commitment and vision of our founding directors and employees,'' said John C. Helmken II, President and Chief Executive Officer of The Savannah Bancorp.

C.A. Bancorp Inc. Announces $6 Million Investment in Digital Payment Technologies

Vancouver, BC, November 5, 2008--(T-Net)--Digital Payment Technologies Corp. (DPT), a leading supplier of advanced multi-space parking meters and revenue-management solutions for the global parking industry, announced a $3,000,000 investment and conditional commitment for an additional $3,000,000 into the company by C.A. Bancorp Inc. (TSX: BKP) (“C.A. Bancorp”)

Wilshire Bancorp Receives Preliminary Approval for $62 Million

Wilshire Bancorp Receives Preliminary Approval for $62 Million Investment From the U.S. Treasury's Capital Purchase Program

HopFed Bancorp, Inc. Receives Preliminary Approval to Participate in Treasury Capital Purchase Program

HopFed Bancorp, Inc. Receives Preliminary Approval to Participate in Treasury Capital Purchase Program

University Bancorp Wins FastTrack Award

University Bancorp, Inc. (NASDAQ: UNIB) has received a FastTrack Award from Ann Arbor SPARK. Founded in 1997, FastTrack is an annual program sponsored by Ann Arbor SPARK recognizing companies in Washtenaw County for outstanding business success. The company is one of just 12 firms in Washtenaw County who met the criteria. Awards are presented to companies with consistent records of growth, defined as:

Prudential Bancorp, Stilwell Value Partners Agree to Settle Litigation - Quick facts

Prudential Bancorp Says Shareholders Re-elect Francis Mulcahy And Joseph Packer To Board - Quick Facts

Timberland Bancorp Earns $1.35 Million in Fiscal Fourth Quarter

Timberland Bancorp, Inc. (NASDAQ: TSBK) ("Timberland"), the holding company for Timberland Bank ("Bank"), today reported fiscal fourth quarter profits of $1.35 million, or $0.21 per diluted share after a $1.50 million addition to its loan loss reserves, compared to earnings of $2.16 million, or $0.32 per diluted share for the fiscal fourth quarter of 2007. For the fiscal year ended September 30, 2008, Timberland reported earnings of $4.01 million, or $0.61 per diluted share compared to earnings of $8.16 million, or $1.17 per diluted share for the fiscal year ended September 30, 2007. Profit for the year ended September 30, 2008 reflects the non-recurring charge of $2.59 million ($0.39 per diluted share) taken in June as a result of the Company's withdrawal of its investment in the AMF family of mutual funds.

Timberland Bancorp Earns $1.35 Million in Fiscal Fourth Quarter 2008

Timberland Bancorp, Inc. (NASDAQ: TSBK) ("Timberland"), the holding company for Timberland Bank ("Bank"), today reported fiscal fourth quarter profits of $1.35 million, or $0.21 per diluted share after a $1.50 million addition to its loan loss reserves, compared to earnings of $2.16 million, or $0.32 per diluted share for the fiscal fourth quarter of 2007. For the fiscal year ended September 30, 2008, Timberland reported earnings of $4.01 million, or $0.61 per diluted share compared to earnings of $8.16 million, or $1.17 per diluted share for the fiscal year ended September 30, 2007. Profit for the year ended September 30, 2008 reflects the non-recurring charge of $2.59 million ($0.39 per diluted share) taken in June as a result of the Company's withdrawal of its investment in the AMF family of mutual funds.

Towne Bancorp Announces Third Quarter Earnings and Continued Strong Capital Levels

Towne Bancorp (OTCBB: TWNE), the holding company for Towne Bank of Arizona, today reported a net loss of $2.182 million or $(1.35) per diluted share for the quarter ended September 30, 2008, compared to earnings of $233 thousand or $0.13 per diluted share for the quarter ended September 30, 2007. As a result of recent economic events impacting current market values, the Bank felt it appropriate and necessary to increase its provision for Loan and Lease Losses (ALLL). Provision expense for the 3


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