Digital50.com Category: Banking/Financial Services

BRMALLS Announces EBITDA of R$47.4 Million in the 1Q08, Growth of 111.8% Over the 1Q07, with an EBITDA Margin of 71.2%

Thu, 15 May 2008 00:36:00 0500

RIO DE JANEIRO, Brazil, May 15 PRNewswire — 1Q08 Highlights: — In the first quarter of 2008, gross revenue increased 117.6% year-on- year to R$71.8 million, while the six malls originally in the portfolio on January 1st 2007 recorded organic gross revenue growth of 18.1...

Action Needed if Federal Agencies Are to Avoid 'Mission Failure,' Warns Study

Thu, 15 May 2008 00:01:00 0500

ALEXANDRIA, Va., May 15 PRNewswire-USNewswire — Identifying the new skills and competencies that federal financial managers will need to face 21st century challenges is the focus of a research paper released today by the AGA (Association of...

Vectra Bank Colorado Realigns Staff and Business Units

Wed, 14 May 2008 22:54:00 0500

DENVER, May 14 PRNewswire — Vectra Bank made several staffing changes to accommodate recent growth and strategically refine its business units to better serve customer needs. These changes reflect both Vectra Bank's long-term commitment to its...

Rubio's(R) Restaurants, Inc. Enters Into $20 Million Credit Facility With Pacific Western Bank

Wed, 14 May 2008 20:39:00 0500

CARLSBAD, Calif., May 14 PRNewswire-FirstCall — Rubio's(R) Restaurants, Inc. (Nasdaq: RUBO) today announced that it entered into a $20 million credit facility with Pacific Western Bank. The facility includes a $5...

On the Go With Fido

Wed, 14 May 2008 19:54:00 0500

COSTA MESA, Calif., May 14 PRNewswire — If your dog or cat feels like a family member, chances are you travel together in the car. "It's really best to leave animals at home, but when they do need to travel by car, it's important that they're...

Central Virginia Bankshares, Inc. Names New Board Member

Wed, 14 May 2008 19:21:00 0500

POWHATAN, Va., May 14 PRNewswire-FirstCall — The Board of Directors of Central Virginia Bankshares, Inc. (Nasdaq: CVBK) announced at its Annual Meeting of Shareholders on May 13, 2008, that Mr. Clarke C. Jones had...

Central Virginia Bankshares Declares 5 Percent Stock Dividend Plus $0.18 Second Quarter Cash Dividend

Wed, 14 May 2008 19:21:00 0500

POWHATAN, Va., May 14 PRNewswire-FirstCall — The board of directors of Central Virginia Bankshares, Inc., (Nasdaq: CVBK), at the Company's annual meeting yesterday, declared a 5 percent stock dividend in addition to a Second Quarter cash dividend...

New York Mortgage Trust Announces Correction to its Previously Issued First Quarter 2008 Earnings Release

Wed, 14 May 2008 19:15:00 0500

NEW YORK, May 14 PRNewswire-FirstCall — New York Mortgage Trust, Inc. (the "Company" or "NYMT") (OTC Bulletin Board: NMTR), a self-advised real estate investment trust (REIT), made the following announcements today:

Corrections to...

First Student Announces Potential $1.2 Billion Purchase Agreement With Navistar, Inc.'s IC Bus

Wed, 14 May 2008 18:44:00 0500

CINCINNATI, May 14 PRNewswire — In one of the largest fleet purchase deals the school bus industry has ever seen, First Student, Inc., North America's leader in student transportation and subsidiary of FirstGroup America, has...

STEN Corp. Reports 2008 Second-Quarter Revenue of $4.3 Million and Improved Results From Operations

Wed, 14 May 2008 18:28:00 0500

MINNEAPOLIS, May 14 PRNewswire-FirstCall — STEN Corporation (Nasdaq: STEN), a Minneapolis-based diversified business, today reported results for its second fiscal quarter comprised of the thirteen week period ended March...

Hilco Consumer Capital, L.P. and GB Brands, LLC win stalking horse bid for The Sharper Image

Wed, 14 May 2008 18:13:00 0500

TORONTO, May 14 PRNewswire - A joint venture led by Hilco Consumer Capital, L.P. ("HCC") and GB Brands, LLC ("GBB"), in partnership with Windsong Brands, LLC and Crystal Capital, announced today that it was approved as the stalking horse...

Advance America Comments on Today's Senate Vote in Ohio

Wed, 14 May 2008 17:53:00 0500

SPARTANBURG, S.C., May 14 PRNewswire-FirstCall — Advance America, Cash Advance Centers, Inc. (NYSE: AEA) announced today that the Ohio State Senate voted to pass House Bill 545, which if signed by the Governor will effectively eliminate the...

ACS Builds Upon Growth Plans, Continued Expansion

Wed, 14 May 2008 17:50:00 0500

DALLAS, May 14 PRNewswire-FirstCall — Building solutions that meet industry-specific needs and leveraging these solutions across many clients is key to Affiliated Computer Services, Inc.'s (NYSE: ACS) growth strategy, company leadership told...

Consumers Denied Choice, Jobs Threatened as Ohio Senate Votes to Ban Payday Lending

Wed, 14 May 2008 17:27:57 0500

Legislators Play Politics, Ignore Tens of Thousands of Ohioans

WASHINGTON, May 14 PRNewswire-USNewswire — Ignoring the pleas of tens of thousands of customers and employees, Ohio Legislators chose instead to vote...

Citizens Bancshares Corporation Announces First Quarter Earnings

Wed, 14 May 2008 17:15:00 0500

ATLANTA, May 14 PRNewswire-FirstCall — Citizens Bancshares Corporation (OTC Bulletin Board: CZBS) (the "Company"), the parent company of Citizens Trust Bank ("CTB"), today announced its 2008 first quarter earnings of $0.34 per...

Brandes Withdraws Proposal for 130 Yen Per Share Dividend and 10 Million Share Buyback Program for Ono Pharmaceutical Annual Meeting

Wed, 14 May 2008 17:06:00 0500

SAN DIEGO, May 14 PRNewswire — Brandes Investment Partners, L.P. ("Brandes") announces that, on May 13th, 2008, it submitted a letter to Ono Pharmaceutical Co., Ltd. (the "Company"), a pharmaceutical manufacturer based in...

Yucheng Technologies Limited Reports Unaudited Selected Financial Results for the Three-Month Period Ended March 31, 2008

Wed, 14 May 2008 17:00:00 0500

BEIJING, China, May 14 Xinhua-PRNewswire-FirstCall — Yucheng Technologies Limited (Nasdaq: YTEC), a leading local IT solutions and services provider to the Chinese banking industry, today announced unaudited selected financial results for the...

Babcock & Brown Aircraft Management Announces Three Aircraft Leases

Wed, 14 May 2008 17:00:00 0500

SAN FRANCISCO, May 14 PRNewswire-FirstCall — Babcock & Brown Aircraft Management LLC, the world's fifth largest lessor of commercial aircraft, today announced it has leased aircraft to three airlines.

Aeroflot Don, based in...

AmBase Reports First Quarter Results

Wed, 14 May 2008 16:35:00 0500

GREENWICH, Conn., May 14 PRNewswire-FirstCall — AmBase Corporation (OTC Bulletin Board: ABCP) (the "Company") announced today a net loss of $2,318,000 or $0.05 per share for the three months ended March 31...

Biopure Announces Publication of Phase II Proof-of-Concept Coronary Trial

Wed, 14 May 2008 16:35:00 0500

CAMBRIDGE, Mass., May 14 PRNewswire-FirstCall — Biopure Corporation (Nasdaq: BPUR) today announced that the results from its Phase II coronary revascularization trial have been published in the peer-reviewed EuroIntervention Journal. The paper...

Mergent, Inc. Announces Changes to the HealthShares(TM) Composite Index, HealthShares(TM) Dermatology and Wound Care Index and HealthShares(TM) Orthopedic Repair Index

Wed, 14 May 2008 16:30:00 0500

NEW YORK, May 14 PRNewswire — Mergent, Inc., administrator for the HealthShares(TM) Indexes, a series of 20 underlying indexes for the HealthShares(TM) Exchange Traded Funds, today announced the following changes with effect from the opening of...

National City Corporation to Present at Lehman Brothers 11th Annual Financial Services Conference in London

Wed, 14 May 2008 16:25:00 0500

CLEVELAND, May 14 PRNewswire-FirstCall — Peter E. Raskind, Chairman, President & Chief Executive Officer of National City Corporation (NYSE: NCC), will present at the Lehman Brothers 11th Annual Financial Services Conference in...

Flatbush Federal Bancorp, Inc. Reports 2008 First Quarter Operating Results

Wed, 14 May 2008 16:19:00 0500

BROOKLYN, N.Y., May 14 PRNewswire-FirstCall — Flatbush Federal Bancorp, Inc. (the "Company") (OTC Bulletin Board: FLTB), the holding company of Flatbush Federal Savings and Loan Association (the "Association"), announced consolidated net income of...

Attorney Thomas R. Ajamie Named to Multi-Million Dollar Advocates Forum

Wed, 14 May 2008 16:09:00 0500

HOUSTON, May 14 PRNewswire — Thomas R. Ajamie, managing partner of the Ajamie LLP law firm in Houston, has been certified as a member of the international Multi-Million Dollar Advocates Forum.

SFSB, Inc. Announces Earnings for the 1st Quarter of Fiscal 2008

Wed, 14 May 2008 16:06:00 0500

BEL AIR, Md., May 14 PRNewswire-FirstCall — SFSB, Inc. (OTC Bulletin Board: SFBI) today reported net income for the quarter ended March 31, 2008 of $42,000 or $0.02 diluted earnings per share as compared...

First Advantage Corporation to Present at JMP Securities Research Conference

Wed, 14 May 2008 16:02:00 0500

POWAY, Calif., May 14 PRNewswire-FirstCall — First Advantage Corporation (Nasdaq: FADV), a global risk mitigation and business solutions provider, today announced that Anand Nallathambi, president and chief executive officer...

F.N.B. Corporation Declares Dividend for the Second Quarter of 2008 and Holds Annual Meeting

Wed, 14 May 2008 16:01:00 0500

HERMITAGE, Pa., May 14 PRNewswire-FirstCall — F.N.B. Corporation (NYSE: FNB), a diversified financial services company, today announced that its Board of Directors declared a quarterly cash dividend on the Corporation's common stock of 24...

SBA Disaster Loan Deadline Is June 12

Wed, 14 May 2008 16:01:09 0500

Small Business Owners Still Have Time To Apply

ATLANTA, May 14 /PRNewswire-USNewswire/ — The U.S. Small Business Administration is reminding businesses that June...

United Technologies Corp. Advisory to Securities Analysts, Investors and News Media

Wed, 14 May 2008 16:00:00 0500

HARTFORD, Conn., May 14 PRNewswire-FirstCall — An audiocast of United Technologies Corp. (NYSE: UTX) President and Chief Executive Officer Louis R. Chenevert speaking at the Electrical Products Group (EPG) Conference is scheduled...

A. H. Belo Corporation Elects Two New Directors

Wed, 14 May 2008 16:00:00 0500

DALLAS, May 14 PRNewswire-FirstCall — A. H. Belo Corporation (NYSE: AHC) announced today that its Board of Directors has elected David R. Morgan and John P. Puerner as directors of the Company effective...

BayHill Capital Corporation Announces Third Quarter Results

Wed, 14 May 2008 16:00:00 0500

SOUTH JORDAN, Utah, May 14 PRNewswire-FirstCall — BayHill Capital Corporation ("BayHill") (OTC Bulletin Board: BYHL), an Internet-enabled marketer and certificated reseller of communications services, today reported operating revenues of...

West Coast Bank Sponsors Reach the Bridge Run to Benefit the American Lung Association of Oregon

Wed, 14 May 2008 15:24:00 0500

LAKE OSWEGO, Ore., May 14 PRNewswire-FirstCall — On Sunday, June 29, 2008, West Coast Bank will sponsor the American Lung Association of Oregon's (ALAO) Reach the Bridge Run, Portland's

Orrstown Financial Services, Inc.

Wed, 14 May 2008 15:20:00 0500

SHIPPENSBURG, Pa., May 14 PRNewswire-FirstCall — The Board of Directors of Orrstown Financial Services, Inc. (OTC Bulletin Board: ORRF) announced today that Kenneth R. Shoemaker has informed the Board of his intention to retire...

Making American Manufacturing Competitive Again!

Wed, 14 May 2008 15:13:00 0500

AUBURN HILLS, Mich., May 14 PRNewswire — With their sights set on intensifying manufacturing companies' product cost reduction efforts while increasing efficiencies and profitability, two leading suppliers in the fields of Product Lifecycle Costing...

Hagens Berman Sobol Shapiro: Nation's Largest Title and Escrow Companies Accused of Bilking Consumers

Wed, 14 May 2008 14:58:00 0500

SEATTLE, May 14 PRNewswire — Today a group of consumers filed a series of class-action lawsuits against the nation's largest title and escrow companies, claiming they engaged in a series of schemes and deceptions designed to bilk customers out of...

Zopa Celebrates Back-to-Back Webby Wins

Wed, 14 May 2008 14:54:00 0500

SAN FRANCISCO, May 14 PRNewswire — Zopa (http://www.zopa.com), an online lending company that uses the power of community to help people reach their goals, is celebrating its second consecutive win...

Clark Holdings Inc. Announces First Quarter 2008 Results

Wed, 14 May 2008 14:32:00 0500

NEW YORK, May 14 PRNewswire-FirstCall — Clark Holdings Inc. (Amex: GLA; GLA.U; GLA.WS), a non-asset-based provider of mission-critical supply chain solutions, today announced financial results for its first quarter ended March 29...

Wells Fargo Eliminates Remittance Transfer Fees to China for Families and Friends Affected By The Earthquake

Wed, 14 May 2008 14:29:00 0500

SAN FRANCISCO, May 14 PRNewswire-FirstCall — In response to the recent earthquake that struck the province of Sichuan in China, Wells Fargo — with its remittance network member bank Agricultural...

FirstMerit Corporation Announces Quarterly Dividend of $0.29 Per Share

Wed, 14 May 2008 14:15:00 0500

AKRON, Ohio, May 14 PRNewswire-FirstCall — The Board of Directors of FirstMerit Corporation (Nasdaq: FMER) today declared a quarterly cash dividend of $0.29 per share on the Corporation's Common Stock, payable June 16...

Huntington Preferred Capital, Inc. Declares Quarterly Cash Dividend

Wed, 14 May 2008 14:04:00 0500

COLUMBUS, May 14 PRNewswire-FirstCall — Huntington Preferred Capital, Inc. (Nasdaq: HPCCP), declared a regular quarterly dividend of $0.4921875 per share on its Class C preferred stock. The dividend is payable June 30, 2008, to...