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Stock Market & Financial Investment News

News Breaks
October 24, 2012
05:08 EDTPULBPulaski Financial reschedules Q4 report to review industry accounting treatment
The earnings release and conference call are being postponed for approximately one week to allow the company additional time to review the implementation of a recent industry-wide clarification issued by the Office of the Comptroller of the Currency, or OCC, regarding mortgage and consumer loans subject to bankruptcy discharge. The OCC’s clarification focuses on the proper accounting treatment for mortgage and consumer loans where the borrower’s obligation has been discharged in bankruptcy. This postponement will allow the Company additional time to ensure that it fully complies with the clarified guidance prior to finalizing its results for the fourth fiscal quarter ended Sept. 30, 2012.
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