ABSECON, N.J., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Absecon Bancorp (the “Company”) (OTC, trading as ASCN), the bank holding company of First National Bank of Absecon, an Atlantic County New Jersey based community bank, announced today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.75 per share, payable on September 30, 2024 to shareholders of record as of September 17, 2024. The First National Bank of Absecon, a nationally chartered bank headquartered in Absecon, N ...

ConnectOne Bancorp, Inc. (CNOB) has agreed to acquire The First of Long Island Corp. (FLIC) . The all-stock transaction is valued at $284 million.Details of the Acquisition Pursued by ConnectOne BancorpThe First of Long Island, based in Melville, NY, operates 40 branches in the New York Metropolitan area, with roughly 92% of its deposits belonging to Nassau or Suffolk Counties. As of June 30, 2024, FLIC had approximately $4.2 billion in assets, $3.3 billion in loans and $3.4 billion in deposits.Upon the clo ...

Sean PavoneEarnings of Brookline Bancorp (NASDAQ:BRKL) will most probably dip this year due to net interest margin compression. Subdued loan growth will likely help earnings recover next year. Overall, I’m expecting earnings to dip by 13% to $0.74 per share in 2024 and rise by 15% to $0.85 per share in 2025. Compared to my last report on the company, I’ve reduced my earnings estimate as both the loan balance and the net interest margin missed my expectations during the second quarter. The year-end targe ...

In a strategic move to enhance its offerings, U.S. Bancorp’s (USB) banking subsidiary, U.S. Bank, is expanding its U.S. Bank Smartly product suite with two new launches — the U.S. Bank Smartly Visa Signature Card and U.S. Bank Smartly Savings. These two products are designed to complement each other to maximize credit card rewards while helping clients conveniently increase their savings balances. By offering a suite of interconnected products, U.S. Bank aims to attract and retain clients through a comprehe ...

ENGLEWOOD CLIFFS, N.J., Sept. 05, 2024 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) ("ConnectOne or “Company"), parent company of ConnectOne Bank, and The First of Long Island Corporation (Nasdaq: FLIC) (“First of Long Island”), parent company of The First National Bank of Long Island, jointly announced today that they have entered into a definitive agreement pursuant to which First of Long Island will merge with and into ConnectOne. The combined company will operate under the ConnectOne bran ...

ROCKVILLE, Md., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Capital Bancorp, Inc. (NASDAQ: CBNK), the holding company for Capital Bank N.A., and Integrated Financial Holdings, Inc. (“IFH”), the holding company for West Town Bank & Trust and Windsor Advantage, announced today the receipt of regulatory approval from the Office of the Comptroller of the Currency (OCC) for the proposed merger of IFH with and into CBNK.  CBNK previously announced that it has also received approval from the Federal Reserve Bank of Richmon ...

PPAMPicture/E+ via Getty Images New York Community Bancorp (NYSE:NYCB) is a $4 billion bank that has been through substantial struggles due to fears about its liquidity. The company has worked hard to fix its portfolio, narrowly avoiding bankruptcy, but obviously investors were burned in the process. As we'll see throughout this article, the company has the ability to drive substantial shareholder returns. New York Community Bancorp Transition The company is working to transition its bank, with its boa ...

文章核心观点 - 肯塔基第一联邦银行控股公司(Kentucky First Federal Bancorp)宣布选举R. Clay Hulette先生加入公司董事会 [1][2] - 沃尔特·G·埃克顿(Walter G. Ecton, Jr.)先生当选为肯塔基第一联邦银行控股公司董事会主席 [2] 公司概况 - 肯塔基第一联邦银行控股公司是第一联邦储蓄银行(First Federal Savings Bank of Kentucky)和第一联邦储蓄贷款协会(First Federal Savings and Loan of Hazard)的控股公司 [4] - 公司在肯塔基州经营7家银行网点,包括3家在法兰克福,2家在丹维尔,1家在兰开斯特 [4] - 截至2024年6月30日,公司约有8,086,715股股票流通,其中约58.5%由第一联邦互助控股公司(First Federal MHC)持有 [4] 公司管理层变动 - R. Clay Hulette先生自1997年起在第一联邦储蓄银行工作,曾担任副总裁兼财务总监,2007年被任命为行长,2005年起还担任肯塔基第一联邦银行控股公司的首席财务官,于2024年1月1日退休 [2] - R. Clay Hulette先生的妻子Teresa Hulette女士现任第一联邦储蓄银行执行副总裁 [2] - 沃尔特·G·埃克顿(Walter G. Ecton, Jr.)先生自2005年起担任肯塔基第一联邦银行控股公司董事,同时也是第一联邦储蓄贷款协会(Hazard)的董事,在里士满从事私人法律执业 [2]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Image SourceOne of my best calls in recent months has been a rather small bank by the name of Northeast Community Bancorp (NASDAQ:NECB). And by small, I mean very small. As of this writing, the enterprise has a market capitalization of $268.2 million. That doesn't make it the smallest bank I have analyzed, but it's certainly one of the smallest. Back when I wrote about the business favorably in May of this year, the market cap was considerably lower. But shares have skyrocketed higher to the tune of 36% ...