Hampton Roads Bankshares Announces Withdrawal of Common Stock Offering Aug 20, 2009
Aug. 19, 2009 (GLOBE NEWSWIRE) -- Hampton Roads Bankshares, Inc. (Nasdaq: - ; the "Company"), the financial holding company for Bank of Hampton Roads and Shore Bank (the "Banks"), today announced that it had withdrawn a proposed public offering of up to 32,500,000 shares of its common stock ... Hampton Roads Bankshares, Inc. is a financial holding company that was formed in 2001 and is headquartered in Norfolk, Virginia. (Primezone Releases)
BB&T taking over Colonial Bank in Polk Aug 20, 2009
BB&T said the deal, the biggest acquisition in its history, creates the nation's eighth-largest financial holding company by deposits. The move "represents an exciting growth opportunity for BB&T," company CEO Kelly King said in a statement. (Lake Wales News, FL)
First Commonwealth Announces Resignation of Edward J. Lipkus, III as Executive Vice President and Chief Financial Officer Aug 19, 2009
4 billion financial holding company headquartered in Indiana, Pennsylvania. It operates 115 retail branch offices in 15 counties in western and central Pennsylvania through First Commonwealth Bank, a Pennsylvania chartered bank and trust company. (PR Newswire)
Shin Kong Financial Holding Co., Ltd. Schedules Q2 2009 Earnings Conference Call Aug 17, 2009
Today, there are five subsidiaries under the financial holding company: Shin Kong Life Insurance Co., Ltd. (SKL), Taiwan Shin Kong Commercial Bank Co., Ltd. (SKB), Shin Kong Securities Co., Ltd. (SKSC), Shin Kong Investment Trust Co., Ltd. (SKIT), and Taiwan Shin Kong Insurance Brokers Co., Ltd. (SKIB). SKFH provides a full range of financial products and services through its subsidiaries in life insurance, banking, securities, asset management and non- life insurance brokerage and delivers... (PR Newswire)
Regulators Close Colonial Bank; Assets Sold to BB&T Aug 15, 2009
The acquisition, BBrgest in its 137-year history, creates the eighth largest U.S. financial holding company by deposits, BB.. BBes closed up 9. (ABC News -- Business)
BB&T acquires deposits and certain assets of Colonial Bank in FDIC-assisted deal Aug 15, 2009
The acquisition, BB&T's largest in its 137-year history, creates the nation's eighth largest financial holding company by deposits ... 4 billion in assets, Winston-Salem, N.C.-based BB&T Corporation was the nation's 10th largest financial holding company by assets and operated more than 1,500 financial centers in 11 states and Washington, D.C., at June 30. (PR Newswire)
Colonial BancGroup Shut by Regulators Aug 15, 2009
BB the deal, the biggest acquisition in its history, creates the nation's eighth-largest financial holding company by deposits. The move "represents an exciting growth opportunity for BBmpany CEO Kelly King said in a statement. In addition, the FDIC and BBed an agreement to share losses on about $15 billion of Colonial's loans and other assets. Colonial said early this month there was "substantial doubt" it would be able to continue as a going business, following five straight quarterly losses.... (ABC News -- Wire)
Wintrust Financial Corporation to Present at the Howe Barnes Hoefer & Arnett, Inc. 14th Annual Bank Conference Aug 15, 2009
Wintrust is a financial holding company with assets of approximately $11 billion whose common stock is traded on the Nasdaq Stock Market. Wintrust operates fifteen community banks that provide a full complement of commercial and consumer loan and deposit products and services through over 75 banking facilities in the Chicago and Milwaukee metropolitan areas. (PR Newswire)
* TCB plans to become a financial holding firm Aug 15, 2009
85 billion to NT$60 billion so it would be in a better position financially to grow X including plans to develop into a financial holding company. ACQUISITIONS. (Taipei Times, Taiwan -- World Business)
MB Financial sells card processing unit Aug 12, 2009
MB Financial, Inc. (MB Financial) is a financial holding company with 72 banking offices located; Thomas HarveyChairman of the Board Mitchell FeigerPresident, Chief Executive Officer, Director From The Lists Your resource for everything related to business in Chicago. 93. (Crain's Chicago Business)
First United Corporation Announces Second Quarter Earnings Aug 11, 2009
Aug. 10 /PRNewswire-FirstCall/ -- First United Corporation (Nasdaq: ), a financial holding company and the parent company of First United Bank & Trust, announces that consolidated net income available to common shareholders for the first half of 2009 totaled $2. 88 million or. (PR Newswire)
Santander BanCorp Has Filed with the SEC Its Form 10Q for the Quarter Ended June 30, 2009 Aug 8, 2009
Santander BanCorp is a publicly held financial holding company that is traded on the New York Stock Exchange (SBP) and on Latibex (Madrid Stock Exchange) (XSBP). 91% of the outstanding common stock of Santander BanCorp is owned by Banco Santander, S.A. (Santander). (PR Newswire)
LCNB declares third quarter dividend Aug 5, 2009
LCNB is a financial holding company headquartered in Lebanon. It is the parent company of and. (Dayton Business Journal, OH)
Preston Moore Appointed President and Director of Encore Bancshares, Inc. Jul 28, 2009
Encore Bancshares, Inc. is a financial holding company headquartered in Houston, Texas and offers a broad range of banking, wealth management and insurance services through Encore Bank, N.A. and its affiliated companies. Encore Bank operates 11 private client offices in the Greater Houston area and six in southwest Florida. (Primezone Releases)
IBC Bank selected Blue Clover for site Jul 24, 2009
1 billion multi-bank financial holding company. Web site: www. (San Antonio Business Journal, TX)
Prosperity Bancshares, Inc.(R) to Present at Keefe, Bruyette, & Woods Tenth Annual Community Bank Conference Jul 23, 2009
8 billion Houston, Texas based regional financial holding company, formed in 1983, operates under a community banking philosophy and seeks to develop broad customer relationships based on service and convenience. Prosperity offers a variety of traditional loan and deposit products to its customers, which consist primarily of small and medium sized businesses and consumers. (PR Newswire)
Cullen/Frosts 2Q earnings down Jul 23, 2009
Cullen/Frost is a San Antonio-based financial holding company with assets of $15. 8 billion as of June 30, 2009. (San Antonio Business Journal, TX)
Stock Yards parent posts lower 2Q earnings Jul 23, 2009
The Louisville-based financial holding company reported that second-quarter 2009 net income fell to $4. 3 million, or 31 cents per share, diluted, from $6. (Louisville Business First, KY)
Northern Trust Declares Quarterly Dividend Jul 22, 2009
Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 15 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2009, Northern Trust had assets under custody of US$2. (PR Newswire)
Northern Trust's Osborn to retire Jul 22, 2009
Northern Trust Corporation (Northern Trust) is a financial holding company, which provides; Frederick WaddellPresident, Chief Executive Officer, Director Steven FradkinChief Financial Officer, Executive Vice President From The Lists Your resource for everything related to business in Chicago. 28. (Crain's Chicago Business)
First Busey Announces Second Quarter 2009 Loss, Pre-Provision Profit and Dividend Payment Jul 22, 2009
3 billion financial holding company headquartered in Urbana, Illinois. First Busey Corporation has two wholly-owned banks with locations in three states. (Primezone Releases)
Donations pour in to soldiers overseas Jul 18, 2009
1 billion multi-bank financial holding company with more than 270 facilities in Texas and Oklahoma. San Antonio-based H-E-B is a regional grocery with more than 71,000 employees. (San Antonio Business Journal, TX)
US Financial 15 Split Corp.-Portfolio Update Jul 15, 2009
State Street Corp. is a financial holding company that has been in existence for over 200 years and provides a broad range of services primarily to institutional investors. These services include research, investment management, custody, trading services and investment servicing. (CCNMatthews Press Releases)
Frost Insurance relocates to new offices Jul 15, 2009
Frost Bank is the banking operation of Cullen/Frost Bankers, Inc. (NYSE: CFR), a financial holding company with $15. 3 billion in assets at March 31, 2009. (San Antonio Business Journal, TX)
CoBiz Announces New Bank Market Presidents Jul 10, 2009
7 billion financial holding company headquartered in Denver. The Company operates Colorado Business Bank and Arizona Business Bank, full-service commercial banking institutions that offer a broad range of sophisticated banking services to a targeted customer base of professionals and small to mid-sized businesses. (PR Newswire)
IBERIABANK Corporation to Announce Second Quarter Results Jul 8, 2009
IBERIABANK Corporation is a multi-bank financial holding company with 152 combined offices in nine states, including 90 bank branch offices in Louisiana, Arkansas, Alabama, and Tennessee, one loan production office in Texas, 26 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 35 locations in eight states. SOURCE IBERIABANK Corporation. (PR Newswire)
New interim head at Risk Management Jul 8, 2009
He played a role in BB&T's transformation from a one-time eastern North Carolina farm bank into the nation s 10th largest financial holding company. He is immediate past chairman of the East Carolina University Foundation and is co-chair of the BB&T Center for Leadership Development at ECU.. (Philadelphia Business Journal, PA)
Simmons First Will Not Participate in CPP Jul 8, 2009
Simmons First National Corporation is an Arkansas based financial holding company with eight community banks in Pine Bluff, Lake Village, Jonesboro, Rogers, Searcy, Russellville, El Dorado and Hot Springs, Arkansas. The Company's eight banks conduct financial operations from 88 offices, of which 84 are financial centers, in 47 communities. (Primezone Releases)
BancorpSouth names new CFO Jul 7, 2009
BancorpSouth Inc. (NYSE: BXS) is a financial holding company with $13. 5 billion in assets. (Birmingham Business Journal, AL)
Eric Millham Joins Hampton Roads Bankshares Jul 7, 2009
Hampton Roads Bankshares, Inc. is a financial holding company that was formed in 2001 and is headquartered in Norfolk, Virginia. The Company's primary subsidiaries are Bank of Hampton Roads, which opened for business in 1987 and Shore Bank, which opened in 1961. (Primezone Releases)
Berlusconi model 'faked' romance Jul 3, 2009
Photographs showing Mr Cozzolino and Ms Letizia kissing on the seafront in Naples were published shortly afterwards in Chi magazine, owned by the Berlusconi family's financial holding company, Fininvest. The 21-year-old said he had not spoken to Ms Letizia since 7 June. (BBC News -- Europe)
IBERIABANK Corporation Announces Pricing of Common Stock Offering Jul 1, 2009
June 30 /PRNewswire-FirstCall/ -- IBERIABANK Corporation (Nasdaq: ), the holding company of the 122-year-old IBERIABANK and IBERIABANK fsb, announced the pricing of an underwritten public offering of 3,850,000 shares of the Company's common stock at a price to the public of $39. 00 per share for gross proceeds of approximately $150. (PR Newswire)
NB&T Financial Group, Inc. to Acquire Community National Corporation Jul 1, 2009
NBTF is a financial holding company headquartered in Wilmington, Ohio, with approximate assets of $529 million as of March 31, 2009. NBTF provides a complete range of banking and other financial services to consumers and businesses through its wholly owned subsidiary, The National Bank and Trust Company. (Primezone Releases)
L. Nash Allen, Jr. Retires as BancorpSouth Treasurer and Chief Financial Officer; Completes 40 Year Career with Mississippi-Based Financial Holding Company Jun 25, 2009
BancorpSouth, Inc. is a financial holding company headquartered in Tupelo, Mississippi, with approximately $13. 5 billion in assets. (PR Newswire)
IBC in six of 10 top-performing markets Jun 23, 2009
1 billion multi-bank financial holding company with more than 270 facilities and more than 440 ATMs serving 102 communities in Texas and Oklahoma. Reader Comments. (San Antonio Business Journal, TX)
Southwest Bancorp Reports Kansas Acquisition Jun 20, 2009
Southwest Bancorp is the financial holding company for Stillwater National Bank and Trust Company, Bank of Kansas, Healthcare Strategic Support, Inc., and Business Consulting Group, Inc. Through its subsidiaries, Southwest offers commercial and consumer lending, deposit, and investment services, and specialized cash management, consulting, and other financial services from offices in Oklahoma City, Edmond, Stillwater, Tulsa, and Chickasha, Oklahoma; Austin, Dallas, Houston, San Antonio, and... (PR Newswire)
* Financial firms approve plans to raise capital Jun 20, 2009
The financial holding company added that its life insurance arm had decided to suspend a plan to securitize two office buildings in Taipeis Neihu District (), its stock exchange filing showed. Shin Kong Life Insurance Cos (sH) board of directors decided to suspend the securitization of Hannover Building (~j) and Sunshine Building (j) on expectations of a further rise in real-estate prices in Neihu after the launch of the new MRT service. (Taipei Times, Taiwan -- Business)
Bank of Americas acquisitions boost 2nd-quarter results Jun 20, 2009
50) is a bank holding and financial holding company. It provides a diversified range of banking and non-banking financial services and products through three business segments: global consumer and small-business banking, global corporate and investment banking, and global wealth and investment management. (Pacific Business News, HI)
* Financial officials seeking deals with IOSCO members Jun 19, 2009
The commission also approved an amendment to Article 37 of the Financial Holding Company Act (qk) that requires venture capital subsidiaries under the nations financial service providers to invest less than NT$50 million X or hold less than a 15 percent stake in X non-financial and privately held reinvestments. The commission found that four venture capital companies under three financial holding companies are holding in excess of a 30 percent stake in reinvestment companies. (Taipei Times, Taiwan -- Business)
BB&T pays $3.1B to exit TARP Jun 18, 2009
4 billion in assets, BB&T is the nation s 10th-largest financial holding company. Reader Comments. (Charlotte Business Journal, NC)
BB&T exits TARP with $3.1B payment Jun 18, 2009
1B payment to Treasury - Triangle Business Journal. for free extra services. (Raleigh Triangle Business Journal, NC)
Obama tip-toes on regulatory reform Jun 18, 2009
The essay states: "Fourth, the federal government does not have the tools it needs to contain and manage financial crises. Relying on the Federal Reserve's lending authority to avert the disorderly failure of nonbank financial firms, while essential in this crisis, is not an appropriate or effective solution in the long term. To address this problem, we will establish a resolution mechanism that allows for the orderly resolution of any financial holding company whose failure might threaten the... (Asia Times Online)
HEDGIE ENGAGES IN 'PUBLIC' FIGHT Jun 16, 2009
Sources told The Post that investors holding just 38 percent of the fund's assets threw their support behind Lichtenstein's plan to spin off his flagship hedge fund, Steel Partners II Master Fund, into WebFinancial, a public company controlled by his firm that would serve as a financial holding company. Investors holding 18 percent of assets voted in favor of an alternative proposal that would allow investors to redeem their shares through a combination of cash and in-kind securities, according... (New York Post -- Business)
US financial regulatory system to be bolstered Jun 16, 2009
Federal government would have broad authority and "a resolution mechanism" to intervene to forestall a possible collapse of "any financial holding company whose failure might threaten the stability of the financial system," they said. "This authority will be available only in extraordinary circumstances, but it will help ensure that the government is no longer forced to choose between bailouts and financial collapse," they added. (Yahoo! Asia News)
BancorpSouth, Inc. President and Chief Operating Officer to Present at Financial Conference May 28, 2009
5 billion-asset financial holding company. The company operates approximately 315 banking and insurance locations in Alabama, Arkansas, Florida, Illinois, Louisiana, Mississippi, Missouri, Tennessee and Texas. (PR Newswire)
Wintrust Financial Corporation Hires Bank CEO & St. Charles Lending Team May 23, 2009
Wintrust is a financial holding company whose common stock is traded on the Nasdaq Stock Market (Nasdaq: ). Its 15 community bank subsidiaries are: Lake Forest Bank & Trust Company, Hinsdale Bank & Trust Company, North Shore Community Bank & Trust Company in Wilmette, Libertyville Bank & Trust Company, Barrington Bank & Trust Company, Crystal Lake Bank & Trust Company, Northbrook Bank & Trust Company, Advantage National Bank in Elk Grove Village, Village Bank & Trust in Arlington Heights,... (PR Newswire)
* Jih Sun Financial OKs restructuring plan for bank unit May 22, 2009
At the time, the nations second smallest financial holding company by assets said it would inject the fresh capital into its banking unit to increase its capital adequacy. At the end of March, Jih Sun Bank had a net worth of NT$7. (Taipei Times, Taiwan -- World Business)
Astra, GMA, Filinvest, Noble, Rio, Yuanta: Asia Ex-Japan Equity Preview May 16, 2009
(2885 TT): The financial holding company said its Yuanta Securities Finance Co. unit booked a gain of NT$162 million ($4. 9 million) selling NT $592 million worth of Capital Securities Corp. shares. (Bloomberg -- Asia)
Frost Bank planning multi-branch expansion May 14, 2009
Frost Bank is the banking, investment and insurance subsidiary of San Antonio-based (NYSE: CFR), a financial holding company with assets of $15. 3 billion as of March 31, 2009. (San Antonio Business Journal, TX)
First United Corporation Announces First Quarter Financial Results May 9, 2009
May 8 /PRNewswire-FirstCall/ -- First United Corporation (Nasdaq: ), a financial holding company and the parent company of First United Bank & Trust, announces consolidated net income available to common shareholders for the quarter ended March 31, 2009 of $2. 12 million (earnings per common share of. (PR Newswire)
BB&T capital levels exceed stress test requirements May 8, 2009
BBtal levels exceed stress test requirements. BBtal levels exceed stress test requirements. (PR Newswire)
1Q earnings up 65% for EverBank May 7, 2009
The Jacksonville-based private financial holding company for EverBank released its first quarter earnings announcement Wednesday but excluded a balance sheet or income statement. The bank itself reports its financials to bank regulators publicly. (Jacksonville Business Journal, FL)
* FSC orders China Development to dump Koo May 2, 2009
The commission also demanded that the financial holding company suspend Lawrence Liu (B) from his position as vice president of China Development Financial and president of the companys banking unit, China Development Industrial Bank (}ou), for a year. The commission also said that the company should suspend Daniel Wu (dKx) as executive vice president at China Development Financial for a year and two months. (Taipei Times, Taiwan -- Business)
* Angelo Koo and 10 others charged with insider trading May 1, 2009
Koo and his associates are charged with violating the Securities and Exchange Act (k) and the Financial Holding Company Act (k), said Taipei District Prosecutors Office spokesperson Lin Jinn-tsun (LA). The accused] should have had a high level of ethical responsibility, he said. (Taipei Times, Taiwan -- World)
Wintrust posts surprise Q1 profit Apr 30, 2009
2 billion in the first quarter, compared with $463 million in the year-ago quarter, the financial holding company said. "They sell most of those loans, so they are not taking any credit risks with these originations," Rowe said. (Crain's Chicago Business)
Farmers Capital Bank Corporation Announces Quarterly Dividend Apr 28, 2009
Farmers Capital Bank Corporation is a financial holding company headquartered in Frankfort, Kentucky. The Company operates 37 banking locations in 23 communities throughout Central and Northern Kentucky, a leasing company, a data processing company, and an insurance company. (PR Newswire)
IBC's board approves stock repurchase plan Apr 18, 2009
4 billion multi-bank financial holding company with more than 265 locations in Texas and Oklahoma. IBC is the holding company for -San Antonio. (San Antonio Business Journal, TX)
* TAIEX plummets, local currency follows Apr 18, 2009
Cathay Financial Holding Co (), the nations largest financial holding company, fell 6 percent to close at NT$35. 7 and Fubon Financial Holding Co (I), the second-largest, dropped by the daily limit to NT$25. (Taipei Times, Taiwan -- World Business)
Chiyoda, Gree, Ibiden, Softbank, Tokyo Electron: Japan Equity Preview Apr 11, 2009
(8729 JT): The financial holding company said it registered to sell 40 billion yen in bonds to invest in its subsidiaries including (SNBZ JP). The stock jumped 8 percent to 309,000 yen. (Bloomberg -- Japan)
* Yuanta Securities ordered to remove its chairperson Apr 10, 2009
Tu will thus be disqualified from working as a board member at parent Yuanta Financial Holding Company (j) or any other bank or financial service group within the next five years, or serving in any other securities-related position in the next three years, Wu told a media briefing. The commission will talk to three other top managers at the firm, including former Yuanta Bank (j) president Chen Chi-chang (Qs), who were also indicted by prosecutors in the same trial, before... (Taipei Times, Taiwan -- Sports)
Activist investors: Flight of the locusts Apr 9, 2009
The fund had taken a stake in Italmobiliare, a financial holding company controlled by the family, which in turn controls Italcementi, the world s fifth-largest cement-maker. Hermes demanded a performance review for Carlo Pesenti, Italcementi s chief executive, and said the cement firm should sell its stakes in unrelated businesses such as newspapers and banking. (The Economist)
First Financial Bankshares Announces Sale of Student Loans; Company Will Suspend Future Student Loan Funding Apr 4, 2009
Headquartered in Abilene, Texas, First Financial Bankshares is a financial holding company that operates ten separately chartered banks with 48 locations in Texas. The bank subsidiaries are First Financial Bank, N.A., Abilene, Albany, Clyde and Moran; First Financial Bank, N.A., Eastland, Ranger and Rising Star; First Financial Bank, N.A., Cleburne, Burleson, Alvarado and Midlothian; Hereford State Bank, Hereford; First Financial Bank, N.A., Mineral Wells; San Angelo National Bank, San Angelo;... (PR Newswire)
Iberiabank pays $90M back to feds Apr 1, 2009
Iberiabank Corp. (Nasdaq: IBKC) is a multi-bank financial holding company with 150 combined offices in nine states, including 88 bank branch offices. Based in Lafayette, La. (Memphis Business Journal, TN)
Santander BanCorp has Filed With the SEC Its Form 10-K for the Year Ended December 31, 2008 Mar 14, 2009
Santander BanCorp is a publicly held financial holding company that is traded on the New York Stock Exchange (SBP) and on Latibex (Madrid Stock Exchange) (XSBP). 91% of the outstanding common stock of Santander BanCorp is owned by Banco Santander, S.A. (Santander). (PR Newswire)
Southwest Bancorp, Inc. Declares Lower Dividend in Response to FDIC Industry-wide Plans Mar 7, 2009
Southwest Bancorp, Inc. is a publicly owned financial holding company with banking subsidiary offices in Oklahoma City, Stillwater, Tulsa, Edmond, and Chickasha, Oklahoma; Dallas, San Antonio, Austin, and Houston, Texas; and Wichita, Kansas City, and Hutchinson, Kansas. SOURCE Southwest Bancorp, Inc.. (PR Newswire)
