Banks

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Independent Bank Corp announces reinstitution of quarterly cash dividend on common stock

11:45am EDT

Independent Bank Corp:Declared a quarterly cash dividend on its common stock of $0.06 per share.Payable on May 15 to shareholders of record on Apr. 30.

U.S. Bancorp expects to recommend Q2 dividend and authorizes share repurchase

7:15am EDT

U.S. Bancorp:Says new share repurchase authorization of $2.3 bln, effective April 1st.Expect to recommend a second quarter dividend of $0.245 per common share, a 6.5 percent increase over the current dividend rate.

HSBC Holdings sells its business in India

6:35am EDT

HSBC Holdings PLC:HSBC Bank Oman S.A.O.G., an indirect 51 pct owned subsidiary enters into an agreement to sell its banking business in India to Doha Bank QSC.All employees in the Business are expected to transfer to Doha Bank as part of the sale.At Dec. 31 2013, the Business to be sold had two branches and gross assets of 3.5 bln Indian rupees (about $58 mln).Expected to complete during the second half of 2014.

Commonwealth Bank of Australia ceases to be substantial holder of Investa Office Fund

3:22am EDT

Investa Office Fund:Says Commonwealth Bank of Australia ceases to be a substantial share holder of the company.

Unione di Banche Italiane ScpA and Aviva Group redefine their strategic partnership in the life banc assurance sector

2:27am EDT

Unione di Banche Italiane ScpA:Has signed a series of agreements with the Aviva Group to redefine the existing joint venture in the sector of the distribution of life insurance products.On the basis of the agreements reached, the parties have agreed the extension until Dec. 31, 2020 of the duration of the existing commercial distribution agreements in force (expiring in 2015).The acquisition by UBI Pramerica of the management of Aviva Vita Spa's technical reserves, presently amounting to approximately 3 billion euros.The simplification of the ownership structure for the two joint ventures Aviva Vita SpA and Aviva Assicurazioni Vita SpA.UBI Banca will sell 30 percent of the two joint ventures to Aviva and will remain with a stake of approximately 20 percent in the share capital of each one, thereby realising a net gain of approximately 57 million euros.The repurchase by UBI Banca of all the stakes held by subsidiaries of Aviva Italia Holding Spa in Banca Popolare Commercio e Industria, Banca Popolare di Ancona and Banca Carime.The price of this repurchase will be 327 million euros, in line with the fair value of the subsidiaries.

Westpac Banking Corp ceases to be substantial holder of Affinity Education Group Ltd

2:26am EDT

Affinity Education Group Ltd:Says Westpac Banking Corp and its associated companies ceases to be a substantial share holder of the company.

Banca Monte dei Paschi di Siena SpA acquires entire stake in Perimetro Gestione Proprieta Immobiliari SCpA

1:57am EDT

Banca Monte dei Paschi di Siena SpA:Says, in the context of the restructuring activities of the Chianti Classico operation, it has acquired a 92.1 pct stake, with voting rights, in Perimetro Gestione Proprieta Immobiliari SCpA (PGPI), for a total of 5.1 mln euros.Following this transaction, Banca Monte dei Paschi di Siena holds 100 pct stake in PGPI.

Opus Bank prices initial public offering

Tuesday, 15 Apr 2014 10:37pm EDT

Opus Bank:Prices initial public offering of 5,125,864 shares of common stock at a price to public of $30.00 per share.Says in the offering, Opus Bank will sell 2,801,848 shares, while selling shareholders will sell 2,324,016 shares.Says in addition, underwriters have 30-day option to purchase up to an additional 768,879 shares of common stock from Opus Bank and selling shareholders at initial public offering price less underwriting discount.Shares of Opus Bank's common stock are expected to begin trading on Nasdaq Global Select Market on April 16, under the ticker symbol OPB.Expects offering to close on April 22.Net proceeds of this initial public offering to Opus Bank are estimated to be about $76.3 million, after deducting the underwriting discount and estimated offering expenses, prior to any exercise of the underwriters' option to purchase additional shares.Intends to use net proceeds that it receives from offering to support its growth in the western U.S. region, as well as for general corporate purposes and a contribution to Opus Community Foundation.Opus Bank will not receive any proceeds from sale of shares by selling shareholders.J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Sandler O'Neill & Partners, L.P., and Keefe, Bruyette & Woods, Inc. A Stifel Company are acting as joint book-running managers for offering.

Banque de la Reunion proposes FY 2013 dividend

Tuesday, 15 Apr 2014 08:00pm EDT

Banque de la Reunion SA:Proposes AGM of May 22 to vote FY 2013 dividend of 7,156,149.03 euros or 4.23 euros per share.Ex-dividend and payment date July 4.

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Provider: Brown Brothers Harriman & Co.
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$35.00
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$75.00

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