Banking industry
United National Bancorp, a commercial bank holding company headquartered in Bridgewater, New Jersey, has entered into a multi-year agreement with The BISYS Group to provide integrated information processing services, item processing, and deposit services. According to Thomas C. Gregor, chairman and chief executive officer of United National, the partnership will
Banking industry
The Chicago Board Options Exchange (CBOE) is set to introduce options trading on two new companies: T R Financial Corporation (NYSE: ROSE; CBOE: QOR) and Cybex Computer Products Corporation (NYSE: CBXC; CBOE: QVX). T R Financial, a holding company for Roosevelt Savings Bank, will have options trade on January 5,
Banking industry
Community First Bankshares, a $6 billion multi-bank holding company, has announced the appointment of Robert W. Jorgensen as senior vice president and Wyoming region manager, effective January 15, 1999. Jorgensen will lead the company's 24 locations in Wyoming and serve as chairman and CEO of Community First National
Banking industry
Republic Security Financial Corporation, the parent company of Republic Security Bank, has completed the acquisition of First Palm Beach Bancorp, a parent company of a $1.8 billion thrift, First Bank of Florida. The consolidation, approved by shareholders on October 27, 1998, has solidified Republic's position in Southeast
Banking industry
Sovereign Bancorp, Inc. has signed a definitive agreement to acquire Peoples Bancorp, Inc., significantly enhancing its capital ratios and positioning the company for future growth. The acquisition is expected to materially improve Sovereign's capital ratios, with the tangible capital ratio expected to rise above 5.25 percent and
Bank holding companies
SouthFirst Bancshares, a thrift holding company, has a history of consistently paying dividends to its shareholders. The company's Chairman, Donald C. Stroup, recently announced a $.15 per share cash dividend for its fourth fiscal quarter ended September 30, 1998. This dividend is the 16th consecutive quarterly dividend declared
Bank holding companies
First Mariner Bancorp, the parent company of First Mariner Bank, announced its third quarter financial results, showcasing impressive growth in its loan portfolio and other assets. For the nine months ended September 30, 1998, the Company reported net income of $486,233, a significant increase from the same period in
Banking industry
Mason-Dixon Bancshares, Inc., the parent company of Carroll County Bank and Trust Company, Bank of Maryland, and Rose Shanis Financial Services, LLC, has announced its agreement to acquire Baltimore-based Sterling Bancorp in a cash transaction worth $10.294 million. This acquisition marks a significant step towards Mason-Dixon's plan
Banking industry
Crestar Financial Corporation, a Richmond, Virginia-based banking holding company, announced record net income of $88.9 million for the third quarter of 1998, a 12% increase from the same quarter in 1997. This marked the company's highest quarterly earnings to date, driven by strong net interest income and
Banking industry
Alabama National BanCorporation (Nasdaq/NM: ALAB) has completed its merger with Community Financial Corporation, parent company of Georgia State Bank of Mableton, Georgia. The merger marks a strategic move for Alabama National, adding to its existing nine bank subsidiaries across Alabama, Florida, and Georgia. The combined entity, Alabama National BanCorporation,
Banking industry
The Pacific Exchange has announced the trading of adjusted series options for First Chicago NBD Corporation, including LEAPS, as part of the merger between First Chicago NBD Corporation and Banc One Corporation. The trading is set to begin on October 6, 1998, with the January four-month expiration cycle. The position
Banking industry
Great American Bancorp, the holding company for First Federal Savings Bank of Champaign-Urbana, has announced that its Board of Directors has authorized the repurchase of up to 151,076 shares of its common stock, representing ten percent of the company's outstanding shares. This move is aimed at reducing
