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Stock Market & Financial Investment News

News Breaks
February 5, 2013
12:22 EDTBTFG, CFNL, FNBN, TCBI, FSBKRegional 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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July 18, 2014
09:00 EDTFSBKFirst South Bancorp purchases new branch site in Lumberton, North Carolina
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July 16, 2014
12:36 EDTCFNLCardinal Financial reports Q2 EPS 31c, consensus 24c
July 14, 2014
18:21 EDTCFNLCardinal Financial names Ralph Edwards as Chief Information Officer
Cardinal Bank announced that Ralph Edwards, Jr. has joined the company as Senior Vice President, Chief Information Officer. In this role, Edwards will have responsibility for the corporate Information Technology and Information Systems division, as well as network infrastructure, banking operations and service delivery capabilities. A seasoned technology executive, Edwards joins Cardinal Bank with a track record of expertise in managing and implementing information technology strategies. He has held senior leadership positions over his 30 year career in IT and Operations, most recently in North Carolina at two southeast regional banking companies, including CIO at Capital Bank Corporation and First Citizens Bancshares.

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