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The Washington Business Journal (Free subscription) | 11/24/2008
Eagle Bancorp Inc., the parent of Eagle Bank has received preliminary approval to participate in the emergency Capital Purchase Program established by the Treasury Department. (EGBN)
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The Business First of Louisville (Free subscription) | 4 hours ago
Ted Parker, the former National City Bank executive who has spent the past three months as CEO of Republic Bancorp Inc., resigned from the company effective last Friday, the bank reported in a filing with the U.S. Securities and Exchange Commission.
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The Washington Business Journal (Free subscription) | 4 hours ago
Virginia Commerce Bancorp Inc. could get a $71 million cash infusion as part of the federal bank bailout. (VCBI)
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BailoutSleuth (Free subscription) | 11/29/2008
Our routine search of Securities and Exchange Commission filings by banks seeking additional capital through the Treasury Department turned up two more institutions that won federal approval last week. Both are based in Virginia . Collectively, they will sell as much as $87 million in preferred stock to the Treasury Department. Virginia Commerce Bancorp Inc. , which has headquarters in...
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The Earth Times Online Newspaper (Free subscription) | 11/26/2008
NEW YORK - Keefe, Bruyette & Woods, Inc., a full service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), today announced upcoming changes to the KBW Mortgage Finance Index (Index Symbol: MFXSM).
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The Earth Times Online Newspaper (Free subscription) | 11/26/2008
NEW YORK - Keefe, Bruyette & Woods, Inc., a full service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), today announced upcoming changes to the KBW Mortgage Finance Index (Index Symbol: MFXSM).
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BailoutSleuth (Free subscription) | 11/26/2008
... ago. Wintrust also raised $50 million in a private stock sale in August. National Penn Bancshares Inc ., of Boyertown , Pa. , was cleared to receive $150 million in taxpayer money. It reported a 14.4 percent increase in earnings for the third quarter, even with a $13 million writeoff on the value of what it called a "synthetic collateralized debt obligation.'' Pinnacle Financial Partners...
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The Daily Reckoning Australia (Free subscription) | 11/27/2008
Bank of American Corp. (BAC), which is getting $15 billion from the U.S. government as part of the Treasury Department's $250 billion "recapitalization" effort, is doubling its stake in state-owned China Construction Bank Corp., and will hold a 20% stake worth $24 billion in China's second-largest lender when that deal is finalized. PNC Financial Services Group Inc. (PNC), which will get $7.7...
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DeepMarket Stock Market Blog (Free subscription) | 11/24/2008
Seasonal Patterns found for the following stocks: Abington Bancorp Inc (ABBC) over the next 4 trading days. Look at the seasonal patterns for Abington Bancorp Inc in context. AKZO NOBEL NV ADR (AKZOY) over the next 10 trading days. Look at the seasonal patterns for AKZO NOBEL NV ADR in context. Artesian Resources Corp Cl A [...]
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Business Week (Free subscription) | 11/24/2008
... be negatively impacted by about 5 percentage points as a result of currency translation. U.S. Bancorp () says its lead bank, U.S. Bank Natl Assoc. has acquired banking operations of two California financial institutions from FDIC. Says two acquired institutions are Downey Savings & Loan Assoc., F.A., main unit of Downey Financial, PFF Bank & Trust, a unit of PFF Bancorp Inc....