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Stock Market & Financial Investment News

News Breaks
February 5, 2013
12:22 EDTFNBN, FSBK, CFNL, TCBI, BTFGRegional banks climb after Fed governor positive on prospects
A number of regional bank stocks are climbing after Fed Governor Elizabeth Duke said, "The future of community banking is bright," according to a transcript of her remarks provided by the Fed. Most banks' credit metrics are improving, and their capital positions are stronger, said Duke. Bank shareholders should benefit as the economy rebounds, she added. In addition, more than ever before, officials are refraining from forcing community banks to adhere to the same regulations that large banks will be forced to follow, she stated. Meanwhile, small banks' share of deposits has increased slightly in rural areas over the past decade, Duke said. In early afternoon trading, BancTrust Financial (BTFG) rose 2% to $2.92, Cardinal Financial (CFNL) gained 2% to $16.41, FNB United (FNBN) climbed 1% to $11.18, Texas Capital Banchsares (TCBI) added 1% to $41.90, and First South Bancorp. (FSBK) rose 3.5% to $6.46.
News For BTFG;CFNL;FNBN;TCBI;FSBK From The Last 14 Days
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December 16, 2014
09:31 EDTTCBITexas Capital price target lowered to $61 from $68 at SunTrust
SunTrust cut tis price target on Texas Capital to reflect lower valuations for Texas banks. The firm keeps a Buy rating on the shares.
December 15, 2014
09:20 EDTFSBKFirst South Bancorp completes purchase of nine branches from Bank of America
First South Bancorp (FSBK), the parent holding company of First South Bank, announced that the bank has completed its acquisition of nine branch banking operations in eastern and central North Carolina from Bank of America (BAC). The purchase was finalized and the branches were converted to First South Bank branches during the weekend of December 12-14 and opened for business as First South Bank branches Monday morning, December 15.
December 12, 2014
09:49 EDTTCBITexas Capital BancShares participates in a conference call with SunTrust
SunTrust hosts a conference call with management on December 12 at 2 pm.

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