Bank holding company

Lowey Dannenberg, P.C. is Investigating The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ:TBBK) for Potential Violations of the Federal Securities Laws and Encourages Investors with more than $50,000 in Losses to Contact the Firm

Retrieved on: 
Giovedì, Maggio 23, 2024
Bank holding company

NEW YORK, May 23, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ:TBBK) for potential violations of the federal securities laws.

Key Points: 
  • NEW YORK, May 23, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ:TBBK) for potential violations of the federal securities laws.
  • The firm’s investigation is in connection with a recent report by activist short seller Culper Research alleging that TBBK has misrepresented the quality of its real estate bridge loan portfolio and contending that TBBK’s related loss reserves were inadequate.
  • If you suffered a loss of more than $50,000 in TBBK securities, and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact attorneys at (914) 733-7256 or via email to Andrea Farah ([email protected]) or Vincent R. Cappucci Jr. ([email protected]).

West Coast Community Bancorp and 1st Capital Bancorp Announce Agreement to Merge

Retrieved on: 
Martedì, Maggio 21, 2024
Bank holding company, Entrepreneurship, OTCQX, Vice, Capital Bank, Agreement, Bank, Associate, MD, EPS, Growth, Keefe, Bruyette & Woods, FDIC, Agriculture

SANTA CRUZ, Calif. and SALINAS, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- West Coast Community Bancorp (OTCQX: “SCZC”) (“Bancorp”), the holding company for Santa Cruz County Bank (“Bank”), headquartered in Santa Cruz, California, and 1st Capital Bancorp (OTCQX: “FISB”), the holding company for 1st Capital Bank, headquartered in Salinas, California, jointly announced today that they have entered into an agreement and plan of reorganization and merger (the “Agreement”), pursuant to which 1st Capital Bancorp will merge with and into West Coast Community Bancorp in an all-stock transaction valued at approximately $63 million, or $10.78 per FISB share, based on the closing price of $29.94 for West Coast Community Bancorp shares on May 20, 2024.

Key Points: 
  • SANTA CRUZ, Calif. and SALINAS, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- West Coast Community Bancorp (OTCQX: “SCZC”) (“Bancorp”), the holding company for Santa Cruz County Bank (“Bank”), headquartered in Santa Cruz, California, and 1st Capital Bancorp (OTCQX: “FISB”), the holding company for 1st Capital Bank, headquartered in Salinas, California, jointly announced today that they have entered into an agreement and plan of reorganization and merger (the “Agreement”), pursuant to which 1st Capital Bancorp will merge with and into West Coast Community Bancorp in an all-stock transaction valued at approximately $63 million, or $10.78 per FISB share, based on the closing price of $29.94 for West Coast Community Bancorp shares on May 20, 2024.
  • Both Boards of Directors of West Coast Community Bancorp and 1st Capital Bancorp have unanimously approved the transaction, which is expected to close in the fourth quarter of 2024.
  • The directors of West Coast Community Bancorp and 1st Capital Bancorp have entered into agreements pursuant to which they have committed to vote their shares in favor of the transaction.
  • At closing, current Chairman and Vice Chairman of 1st Capital Bancorp, Kurt J. Gollnick and Daniel R. Hightower, MD, respectively, will join the Boards of Directors of West Coast Community Bancorp and Santa Cruz County Bank.

Lowey Dannenberg, P.C. is Investigating The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ:TBBK) for Potential Violations of the Federal Securities Laws and Encourages Investors with more than $50,000 in Losses to Contact the Firm

Retrieved on: 
Venerdì, Maggio 17, 2024
Bank holding company

NEW YORK, May 17, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ:TBBK) for potential violations of the federal securities laws.

Key Points: 
  • NEW YORK, May 17, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ:TBBK) for potential violations of the federal securities laws.
  • The firm’s investigation is in connection with a recent report by activist short seller Culper Research alleging that TBBK has misrepresented the quality of its real estate bridge loan portfolio and contending that TBBK’s related loss reserves were inadequate.
  • If you suffered a loss of more than $50,000 in TBBK securities, and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact attorneys at (914) 733-7256 or via email to Andrea Farah ([email protected]) or Vincent R. Cappucci Jr. ([email protected]).

The Victory Bancorp, Inc., Announces 2024 First Quarter Earnings

Retrieved on: 
Giovedì, Maggio 16, 2024
Credit, ACL, Legislation, Bank holding company, OTCQX, Victory Bank

LIMERICK, Pa., May 16, 2024 (GLOBE NEWSWIRE) -- The Victory Bancorp, Inc. (OTCQX: VTYB), the holding company for The Victory Bank, announced unaudited results for the quarter ended March 31, 2024.

Key Points: 
  • LIMERICK, Pa., May 16, 2024 (GLOBE NEWSWIRE) -- The Victory Bancorp, Inc. (OTCQX: VTYB), the holding company for The Victory Bank, announced unaudited results for the quarter ended March 31, 2024.
  • Joseph W. Major, Bank Leader and Chief Executive Officer, stated, “Victory Bancorp's first quarter results reflect the strength of our balance sheet and the dedication of our team.
  • Despite continued difficult market factors, we achieved strong financial results and grew deposits by $17.7 million from the end of the year to first quarter 2024 and increasing our total assets by $8 million.
  • Non-performing assets to total assets increased from 0.08% in the linked quarter to 0.17% in the current quarter.

U.S. Bancorp to speak at the Bernstein 40th Annual Strategic Decisions Conference 2024

Retrieved on: 
Giovedì, Maggio 23, 2024
Banking, Professional Services, Finance, Senior, Conference, U.S. Bancorp, USB, Bank holding company

U.S. Bancorp (NYSE: USB) announced today that Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will present at the Bernstein 40th Annual Strategic Decisions Conference 2024.

Key Points: 
  • U.S. Bancorp (NYSE: USB) announced today that Chairman and Chief Executive Officer Andy Cecere and Senior Executive Vice President and Chief Financial Officer John Stern will present at the Bernstein 40th Annual Strategic Decisions Conference 2024.
  • The presentation will begin at 9 a.m. Eastern Time on Thursday, May 30 in New York.
  • A live audio webcast will be available on the day of the conference, at the “ Webcasts and Presentations ” section of the U.S. Bank Investor Relations website .
  • A replay will be made available on the same site following the event.

Stellar Bancorp, Inc. Declares Quarterly Dividend and New Share Repurchase Program

Retrieved on: 
Giovedì, Maggio 23, 2024
Banking, Professional Services, Finance, Stellar, Share repurchase, Bank holding company, STEL

Stellar Bancorp, Inc. (the “Company”) (NYSE: STEL) today announced that on May 23, 2024, its Board of Directors declared a quarterly cash dividend in the amount of $0.13 per share of common stock.

Key Points: 
  • Stellar Bancorp, Inc. (the “Company”) (NYSE: STEL) today announced that on May 23, 2024, its Board of Directors declared a quarterly cash dividend in the amount of $0.13 per share of common stock.
  • The Company also announced that its Board of Directors authorized a new share repurchase program under which the Company may repurchase up to $60 million of the Company’s common stock through May 31, 2025.
  • The Company has an existing share repurchase program under which the Company may repurchase up to $60 million of the Company’s common stock through May 31, 2024.
  • The share repurchase program does not obligate the Company to acquire a specific dollar amount or number of shares and may be modified, suspended or discontinued at any time.

Lowey Dannenberg, P.C. is Investigating The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ:TBBK) for Potential Violations of the Federal Securities Laws and Encourages Investors with more than $50,000 in Losses to Contact the Firm

Retrieved on: 
Martedì, Maggio 7, 2024
Bank holding company

NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ:TBBK) for potential violations of the federal securities laws.

Key Points: 
  • NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ:TBBK) for potential violations of the federal securities laws.
  • The firm’s investigation is in connection with a recent report by activist short seller Culper Research alleging that TBBK has misrepresented the quality of its real estate bridge loan portfolio and contending that TBBK’s related loss reserves were inadequate.
  • If you suffered a loss of more than $50,000 in TBBK securities, and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact attorneys at (914) 733-7256 or via email to Andrea Farah ([email protected]) or Vincent R. Cappucci Jr. ([email protected]).

Hope Bancorp to Participate in D.A. Davidson’s 26th Annual Financial Institutions Conference

Retrieved on: 
Mercoledì, Maggio 8, 2024
Banking, Personal Finance, Professional Services, Finance, Bank holding company, HOPE, Conference

Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that Executive Vice President and Chief Financial Officer Julianna Balicka will be participating in D.A.

Key Points: 
  • Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that Executive Vice President and Chief Financial Officer Julianna Balicka will be participating in D.A.
  • Davidson’s 26th Annual Financial Institutions Conference in Colorado Springs, Colo., May 9, 2024.
  • A copy of the investor presentation being used for meetings with institutional investors will be available in the Investor Relations section of the Company’s website at www.ir-hopebancorp.com effective May 9, 2024.

Lowey Dannenberg, P.C. is Investigating The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ:TBBK) for Potential Violations of the Federal Securities Laws and Encourages Investors with more than $50,000 in Losses to Contact the Firm

Retrieved on: 
Venerdì, Maggio 3, 2024
Bank holding company

NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ:TBBK) for potential violations of the federal securities laws.

Key Points: 
  • NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ:TBBK) for potential violations of the federal securities laws.
  • The firm’s investigation is in connection with a recent report by activist short seller Culper Research alleging that TBBK has misrepresented the quality of its real estate bridge loan portfolio and contending that TBBK’s related loss reserves were inadequate.
  • If you suffered a loss of more than $50,000 in TBBK securities, and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact attorneys at (914) 733-7256 or via email to Andrea Farah ([email protected]) or Vincent R. Cappucci Jr. ([email protected]).

U.S. Bancorp promotes Gunjan Kedia to president

Retrieved on: 
Venerdì, Maggio 3, 2024
Banking, Personal Finance, Professional Services, Finance, BNY Mellon, PBS, McKinsey & Company, Bank holding company, Tepper School of Business, Carnegie Mellon University, PwC, Cecere, State Street, Multimedia, USB, Growth, Woman

U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Gunjan Kedia will be its new president, reporting to Andy Cecere, who will retain the title of chairman and CEO.

Key Points: 
  • U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Gunjan Kedia will be its new president, reporting to Andy Cecere, who will retain the title of chairman and CEO.
  • View the full release here: https://www.businesswire.com/news/home/20240503289625/en/
    In this role, Kedia, 53, will oversee the company’s three business lines, ensuring a shared focus on growth and holistic client experiences across its entire network.
  • “During her more than seven years with U.S. Bank, Gunjan has shown herself to be a visionary leader who understands our business and is driven to help us perform at our best.
  • I am deeply honored to be trusted with this opportunity to drive our future success in a broader way,” Kedia said.