Banks

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Peoples Bancorp Inc completes acquisition of North Akron Savings Bank

Friday, 24 Oct 2014 04:19pm EDT

Peoples Bancorp Inc:Completes acquisition of Akron, Ohio-based North Akron Savings Bank effective as of the close of business on Oct. 24 in a cash and stock transaction with a total value of about $20.1 mln, or $7,655 per share.Eighty pct of the consideration was paid in the Company's common stock and the remainder was paid in cash.As a result of the merger, North Akron's four full-service banking locations located in Akron, Cuyahoga Falls, Munroe Falls and Norton, Ohio will operate as branches of Peoples Bank.Dinsmore & Shohl LLP served as the Company's legal counsel. North Akron was advised by Brouse McDowell.

Diamond Bank PLC announces change in CEO

Friday, 24 Oct 2014 11:35am EDT

Diamond Bank PLC:Appoints Uzoma Dozie as its new Group Managing Director/CEO following the voluntary retirement of the Group Managing Director/Chief Executive Officer, Alex Otti.Dozie's appointment is subject to the approval of Central Bank of Nigeria.

West Bancorporation Inc decares dividend

Friday, 24 Oct 2014 08:30am EDT

West Bancorporation Inc:Declares regular quarterly dividend of $0.14 per common share, which is 17 pct increase over previous quarterly dividend.Dividend is payable on Nov. 19.Record date on Nov. 5.

Iyo Bank Ltd raises consolidated mid-year and full-year outlook for FY 2015

Friday, 24 Oct 2014 03:55am EDT

Iyo Bank Ltd:Says the company raised the consolidated mid-year outlook for the FY ending March 2015.Revenue forecast increased to 63,700 million yen from 57,500 million yen.Ordinary profit forecast increased to 26,200 million yen from 19,000 million yen.Net profit forecast increased to 16,700 million yen from 12,100 million yen.Earnings per share forecast increased to 52.83 yen from 38.28 yen.Says the company raised the consolidated full-year outlook for the FY ending March 2015.Revenue forecast increased to 120,000 million yen from 116,500 million yen.Ordinary profit forecast increased to 44,500 million yen from 39,000 million yen.Net profit forecast increased to 28,200 million yen from 24,700 million yen.Earnings per share forecast increased to 89.21 yen from 78.16 yen.Comments that increased security interest, decreased credit cost and gain on reversal of allowance for doubtful accounts are the main reasons for the forecast.

Shikoku Bank Ltd raises consolidated mid-year outlook for FY 2015

Friday, 24 Oct 2014 03:50am EDT

Shikoku Bank Ltd:Says the company raised the consolidated mid-year outlook for the FY ending March 2015.Revenue forecast increased to 21,900 million yen from 20,800 million yen.Ordinary profit forecast increased to 5,800 million yen from 3,600 million yen.Net profit forecast increased to 5,100 million yen from 2,300 million yen.Earnings per share forecast increased to 23.62 yen from 10.65 yen.Comments that increased gain and loss on security and decreased cost and corporate tax are the main reasons for the forecast.

Shinkin Central Bank raises full-year consolidated outlook for FY 2015

Friday, 24 Oct 2014 03:00am EDT

Shinkin Central Bank:Raised full-year consolidated outlook for fiscal year ending March 31, 2015.Full-year ordinary profit outlook of 77,000 mln yen raised from 52,500 mln yen.Full-year net profit outlook of 57,000 mln yen raised from 38,000 mln yen.Full-year earnings per share outlook of 11,655.21 yen raised from 7,619.72 yen.Outlook raised due to income from securities and others.

Bank of Saga Ltd raises consolidated mid-year outlook for FY 2015

Friday, 24 Oct 2014 02:30am EDT

Bank of Saga Ltd:Says the company increased the consolidated mid-year outlook for revenue to 21,000 million yen from 20,300 million yen for FY ending March 2015.Ordinary profit forecast increased to 4,800 million yen from 3,200 million yen.Net profit forecast increased to 3,100 million yen from 1,800 million yen.Earnings per share increased to 18.57 yen from 10.78 yen.Comments the increased investment income and decreased credit costs are the main reasons for the forecast.

The Bank of Toyama, Ltd. raises consolidated mid-year outlook for FY 2015

Friday, 24 Oct 2014 02:00am EDT

The Bank of Toyama, Ltd:Raises consolidated mid-year outlook for FY ending March 2015.Ordinary profit forecast increased to 950 million yen from 250 million yen.Net profit forecast increased to 750 million yen from 250 million yen.Earnings per share increased to 13.8 yen from 3.68 yen.Comments the decreased credit cost is the main reason for the forecast.

Fukui Bank Ltd raises consolidated mid-year outlook for FY 2015

Friday, 24 Oct 2014 12:00am EDT

Fukui Bank Ltd:Says the company increased the consolidated mid-year outlook for revenue to 22,000 million yen from 21,200 million yen for FY ending March 2015.Ordinary profit forecast increased to 5,500 million yen from 3,400 million yen.Net profit forecast increased to 3,600 million yen from 1,900 million yen.Earnings per share increased to 15.10 yen from 7.97 yen.Comments the decreased credit related costs and increased securities related profit are the main reasons for the forecast.

Sierra Bancorp CEO announces retirement and succession plans

Thursday, 23 Oct 2014 08:25pm EDT

Sierra Bancorp:Says that James C. Holly, plans to retire as chief executive officer of Sierra Bancorp and the Bank on March 31, 2015.Says he has maintained his role as bank President and CEO for more than 36 years.Says Holly has seen Bank of the Sierra flourish from a small, single office bank to a 25 branch multi-community bank.Says although Holly will retire as CEO, he will continue on as a director and will retain all current board committee assignments.Says in addition, he will be appointed vice chairman of the board for both Sierra Bancorp and the Bank.Says that president and chief operating officer, Kevin McPhaill has been designated as Holly's successor, to be appointed by the board as president and chief executive officer for Sierra Bancorp and Bank of the Sierra upon Holly's retirement.Says he has been with the Bank of the Sierra for 13 years.

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