Stuck in a turnaround, New York Community Bancorp's future could be much brighter... but how long might it take? New York Community Bancorp (NYCB 0.18%) is not the first bank to run into financial trouble, cut its dividend, and accept a bailout. In fact, iconic Bank of America (BAC 1.44%) did each of those things during the Great Recession. But could New York Community Bancorp's future include a turnaround on the scale that Bank of America achieved? What went wrong with Bank of America During the Great Rece ...

BAYONNE, N.J., Aug. 28, 2024 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the "Company"), Bayonne, NJ (NASDAQ: BCBP), the holding company for BCB Community Bank (the "Bank"), today announced the completion of its private placement of $40.0 million in fixed-to-floating rate subordinated notes due 2034 (the "Notes"), to certain qualified institutional investors. The Notes initially bear a fixed rate of 9.250%, payable semi-annually, for the first five years and will reset quarterly thereafter to the then current th ...

Old Second Bancorp, Inc. (OSBC) signed an agreement with First Merchants Corp. to acquire five Illinois branches alongside certain branch-specific loans and deposits. These branches are located in Southeast Chicago MSA. Details of the Acquisition by Old Second Bancorp OSBC will pay a total cash consideration of roughly $23 million, equivalent to a 7.5% deposit premium to First Merchants. The company expects to assume roughly $304 million in deposits and almost $12 million in loans associated with these bran ...

LOUISVILLE, Ky., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Philip S. Poindexter, President, and members of the senior management team will participate in the Raymond James 2024 U.S. Bank and Banking on Tech Conferences to be held September 4th through Septe ...

Old Second National Bank Acquires 5 Illinois Branches from First Merchants Bank _____________ Proposed Acquisition to Add $304 Million in Deposits and $12 million in loans _____________ CHICAGO, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Old Second Bancorp, Inc. ("Old Second Bancorp") (NASDAQ: OSBC), the parent company of Old Second National Bank ("Old Second"), and First Merchants Corporation ("First Merchants Corp.") (NASDAQ: FRME), the parent company of First Merchants Bank ("First Merchants"), jointly announced ...

i 19 i I ul ryasick Introduction ConnectOne Bancorp (NASDAQ:CNOB) is a regional bank with branches located in New Jersey and New York. With a market capitalization of nearly $1 billion, the bank has experienced impressive growth since its founding nearly 20 years ago. Back in May 2023, I diseussed how the bank's preferred shares (NASDAQ CNOBP) provided an attractive income opportunity after they sold off during the regional banking crisis. Today, the preferred shares have rallied, and the dividend yield has ...

New York Community Bancorp has fallen on hard times and so has TD Bank. TD Bank will be a much better option for most investors. Investors looking for attractively valued stocks often start by scanning through lists of underperforming shares. That's where you'll find both New York Community Bancorp (NYCB 8.45%) and Toronto-Dominion Bank (TD 1.54%), often referred to as TD Bank. While investors can find interesting stocks among Wall Street's laggards, you'll only want to buy the stocks that seem best positio ...

New York Community Bancorp faced adversity and crumbled. M&T Bank is sailing right along under the same conditions. New York Community Bancorp (NYCB 8.45%) is a turnaround stock that only the most aggressive investors will want to own. On the other hand, more conservative investors will probably find M&T Bank (MTB 2.46%) a far more appealing option, noting that an aggregate of 13F filings shows that it is a favorite among the world's largest investors. Here's why you might want to avoid New York Community B ...

Dennis Garrels/iStock Editorial via Getty Images I remarked last time that things often move slowly for California-based Farmers & Merchants Bancorp (OTCQX:FMCB)("F&M"). Being hidden away on the pink sheets probably drives a lot of that, but F&M is also a remarkably stable bank at the business level. After all, it hasn't racked up 59 years of consecutive annual dividend growth earning "Dividend King" status in the process, without being somewhat reliable. Sure enough, these shares have continued to drift si ...

OTTAWA, Ill., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (OTCQX: OTTW), the holding company for OSB Community Bank, announced today that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on or about September 18, 2024, to stockholders of record as of the close of business on September 4, 2024. Ottawa Bancorp, Inc. is the holding company for OSB Community Bank which provides various financial services to individual and corporate customers in the United Stat ...