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Stock Market & Financial Investment News

News Breaks
July 24, 2014
16:56 EDTCBNJCape Bancorp reports Q2 EPS 19c, consensus 17c
The loan loss provision for the three months ended June 30 totaled $115K compared to $313K for the three months ended June 30, 2013. Loan charge-offs for Q2 totaled $171K compared to $344K for the three months ended June 30, 2013.
News For CBNJ From The Last 14 Days
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April 28, 2015
08:45 EDTCBNJCape Bancorp announces loan purchase
Cape Bancorp says Cape Bank has entered into a definitive agreement to purchase approximately $102.0 million of Philadelphia metropolitan area based commercial loans and loan commitments from a financial institution. The composition of loans includes commercial real estate loans, commercial and industrial loans, as well as lines of credit, which have interest rate structures that are either fixed or variable. The aggregate yield on the purchased loans is 3.94% with a weighted average maturity of 6.5 years and was purchased at a price of 102 percent of unpaid principal balance. Funding for this purchase will be sourced from the investment portfolio which is estimated to result in a 200 basis point increase in yield. This purchase supports Cape Bancorp's continued westward expansion into the Philadelphia metropolitan markets.
April 27, 2015
07:03 EDTCBNJCape Bancorp reports Q1 EPS 10c, one estimate 14c

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