Banks

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Wayne Savings Bancshares Inc announces appointment of President and Chief Executive Officer

Thursday, 30 Oct 2014 05:25pm EDT

Wayne Savings Bancshares Inc:Appoints H. Stewart Fitz Gibbon III to positions of President and Chief Executive Officer of company and the Bank, effective Nov. 03.As announced on March 17 Rod C. Steiger, Director, President and Chief Executive Officer of company will retire on Dec. 31.

S&T Bancorp Inc and Integrity Bancshares Inc. announce merger

Thursday, 30 Oct 2014 07:35am EDT

S&T Bancorp Inc adn Integrity Bancshares Inc:Jointly said signing of definitive merger agreement.Pursuant to which S&T will acquire Integrity Bancshares, Inc. for $52.50 per share in 80 pct stock and 20 pct cash transaction.Transaction will have an aggregate value of about $155 mln.Merger will expand S&T Bancorp's footprint into south-central Pennsylvania including Lancaster, York, Dauphin and Cumberland counties.Says on a combined basis, S&T Bancorp will have about $5.8 bln in total assets.Keefe, Bruyette & Woods, Inc. acted as financial advisor to S&T Bancorp, Inc. and Sandler O'Neill + Partners, L.P. to Integrity Bancshares, Inc.Arnold & Porter LLP served as legal counsel for S&T Bancorp, Inc. and Rhoads & Sinon LLP for Integrity Bancshares, Inc.

Federal Home Loan Bank of San Francisco declares cash dividend; plans to repurchase $250 mln in excess capital stock on Nov. 18 - Form 8-K

Thursday, 30 Oct 2014 06:08am EDT

Federal Home Loan Bank of San Francisco:Declares cash dividend on capital stock outstanding during third quarter of 2014 at an annualized rate of 7.40 pct.Dividend will total $83 mln, including $21 mln in dividends on mandatorily redeemable capital stock that will be reflected as interest expense in fourth quarter of 2014.Bank expects to pay the dividend on or about Nov. 17.Bank plans to repurchase $250 mln in excess capital stock on Nov. 18.On repurchase date, Bank will determine amount of excess stock to be repurchased from each shareholder based on total amount of stock (including mandatorily redeemable capital stock) outstanding to all shareholders on that date.For example, based on total capital stock outstanding as of Oct. 28, Bank would repurchase about 11.1 pct of each shareholder’s total capital stock, to extent that shareholder had sufficient excess capital stockShareholders with excess stock on repurchase date may not opt out of the repurchase.

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Provider: Brown Brothers Harriman & Co.
$12.00
Provider: Brown Brothers Harriman & Co.
$12.00
Provider: Brown Brothers Harriman & Co.
$35.00
Provider: Brown Brothers Harriman & Co.
$35.00
Provider: Market Edge
$10.00

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