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Stock Market & Financial Investment News

News Breaks
November 14, 2012
04:55 EDTFMBI, FMBI, FMBI, EVBN, EVBN, EVBN, SBCF, SBCF, SBCF, CTBI, CTBI, CTBI, AF, AF, AF, MBFI, MBFI, MBFI, CBF, CBF, CBF, NPBC, NPBC, NPBC, BHLB, BHLB, BHLB, FISI, FISI, FISISandler O'Neill to host a conference
2012 East Coast Financial Services Conference is being held in Aventura, Florida with a reception being held on November 14 at 6:30 pm followed by company presentations on 11/15 and a closing networking breakfast on 11/16.
News For FMBI;BHLB;NPBC;CBF;MBFI;AF;CTBI;SBCF;EVBN;FISI From The Last 14 Days
Check below for free stories on FMBI;BHLB;NPBC;CBF;MBFI;AF;CTBI;SBCF;EVBN;FISI the last two weeks.
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July 21, 2014
17:47 EDTAFAstoria Financial to sell non-performing residential mortgages to Credit Suisse
Astoria Financial (AF) announced that the bank had entered into an agreement to sell certain non-performing residential mortgage loans, or NPL, to Credit Suisse (CS) for consideration of approximately $186M. The NPL Sale is expected to close on or about July 31, subject to usual and customary closing conditions. In anticipation of the NPL Sale, such non-performing loans were designated as held-for-sale as of June 30 and were written down from their carrying value of approximately $195M to their estimated fair value of $186M. As a result, the company recorded an $8.7M charge-off and a $5.7M loan loss release in Q2.
July 16, 2014
09:31 EDTCTBICommunity Trust reports Q2 EPS 70c, consensus 64c
Net loan charge-offs for the quarter ended June 30 were $0.7M. Says loan loss provision for the quarter decreased $2.9M from prior year and $0.6M from prior quarter. Its loan loss reserve as a percentage of total loans outstanding decreased to 1.28% at June 30 from the 1.3% at March 31.
July 11, 2014
10:00 EDTBHLBOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Altria Group (MO) initiated with an Outperform at Cowen... Berkshire Hills Bancorp (BHLB) initiated with a Hold at Jefferies... CGI Group (GIB) initiated with an Outperform at Credit Suisse... Halozyme (HALO) initiated with an Overweight at JPMorgan... Lorillard (LO) initiated with an Underperform at Cowen... MacroGenics (MGNX) initiated with an Outperform at Oppenheimer... Philip Morris (PM) initiated with a Market Perform at Cowen... Prothena (PRTA) initiated with an Outperform at Oppenheimer... Reynolds American (RAI) initiated with a Market Perform at Cowen... Seventy Seven Energy (SSE) initiated with a Buy at Wunderlich... SouFun (SFUN) initiated with a Neutral at Macquarie... Sprouts Farmers Markets (SFM) initiated with a Neutral at Longbow... Sterling Bancorp (STL) initiated with a Buy at Jefferies... Xencor (XNCR) initiated with an Outperform at Oppenheimer... YPF (YPF) initiated with a Neutral at JPMorgan... iGATE (IGTE) initiated with an Outperform at William Blair.
06:50 EDTBHLBBerkshire Hills Bancorp initiated with a Hold at Jefferies
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July 10, 2014
10:05 EDTMBFIOn The Fly: Analyst Upgrade Summary
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July 9, 2014
16:57 EDTMBFIMB Financial upgraded to Buy from Neutral at Sterne Agee
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16:28 EDTFMBIFirst Midwest coverage assumed with a Neutral at Sterne Agee
July 8, 2014
09:23 EDTFMBIFirst Midwest to host conference call
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08:11 EDTFMBIFirst Midwest to acquire Great Lakes Bank
First Midwest Bancorp announced that it has entered into a definitive agreement to acquire south suburban Chicago-based Great Lakes Financial Resources, the holding company for Great Lakes Bank, National Association. The bank has approximately $490M in deposits, 96% of which represent core deposits, and $234M in loans. The merger consideration will be a combination of First Midwest stock and cash, with an overall transaction value of approximately $58M, subject to certain adjustments based on the stock price of First Midwest prior to the closing. The acquisition is subject to customary regulatory approvals, Great Lakes' stockholder approval as well as certain closing conditions, and is presently anticipated to close by the end of 2014.

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