Abington Bancorp Inc



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Abington Bancorp, Inc.: Abington Bancorp, Inc. Announces Results for the Third Quarter of 2009

JENKINTOWN, PA (MARKET WIRE) Abington Bancorp, Inc. (the "Company") (NASDAQ: ABBC), the parent holding company for Abington Bank (the "Bank"), reported a net loss of $7.0 million for the quarter ended September 30, 2009, compared to net income of $2.4 million for the quarter ended September 30, 2008. The Company's basic and diluted loss per share were...

3Vote!

Construction loan crisis

... “That’s helped us today to have a lower percentage of nonperforming assets,” he said. By contrast, Abington Bancorp Inc., of Jenkintown, followed a suburban builder with which it had previous experience into the Philadelphia condo market during the real estate boom. The move came after the company raised $71 million in a 2004 stock offering and contributed to Abington’s...

5Vote!

Bad home-building loans plague banks

... "That's helped us today to have a lower percentage of nonperforming assets," he said.By contrast, Abington Bancorp Inc., of Jenkintown, followed a suburban builder with which it had previous experience into the Philadelphia condo market during the real estate boom. The move came after the company raised $71 million in a 2004 stock offering and contributed to Abington's...