SHIPPENSBURG, Pa. and YORK, Pa., June 17, 2024 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. ("Orrstown") (NASDAQ: ORRF), the parent company of Orrstown Bank, and Codorus Valley Bancorp, Inc. ("Codorus Valley") (NASDAQ: CVLY), the parent company of PeoplesBank, A Codorus Valley Company, today announced that they have received the requisite regulatory approvals and waivers from the Board of Governors of the Federal Reserve System and the Pennsylvania Department of Banking and Securities for their pre ...

emyu Introduction U.S. Bancorp (NYSE:USB) is a large regional bank that has not been immune to the industry struggles related to higher interest rates and the retention of deposits. Twice, I have examined the bank's series A preferred shares (NYSE:USB.PR.A) as a good source of income, with the most recent update coming in January. Despite the run-up in price, the series A preferred shares still provide the most income when compared to the bank's stock and other preferred shares, and I believe they are still ...

Share prices of New York Community Bancorp (NYCB -2.87%) have fallen roughly 70% over the past year. In the first-quarter 2024 earnings update, the first bullet point in management's comments was that the company is targeting "peer level profitability by fourth quarter 2026." Buy New York Community Bancorp Bolstering the balance sheet led to a massive dividend cut, with the quarterly dividend falling from $0.17 per share to $0.01 in less than a year. This aggressive move was also necessitated by the fact th ...

Richard Moore, Chief Executive Officer of First Bancorp, stated, "Your company continued to perform well during the first quarter of 2024 with increases in our liquidity and capital along with strong credit quality. We are pleased that our financial performance and capital position allow us to continue distributing the level of cash dividend providing our shareholders with a valuable return on their investments." Please visit our website at www.LocalFirstBank.com for more information. SOURCE First Bancorp S ...

About CNB Community Bancorp, Inc. SOURCE CNB Community Bancorp, Inc. HILLSDALE, Mich., June 14, 2024 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX:CNBB) announced that the Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.29 per share, consistent with the dividend paid for the 2nd Quarter of 2023, payable on July 12, 2024 for shareholders of record on June 28, 2024. CNB Community Bancorp Inc. (OTCQX:CNBB) is a one-bank holding company. Its subsi ...

OSWEGO, N.Y., June 13, 2024 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. ("Pathfinder" or "Company") (NASDAQ: PBHC), announced that its banking subsidiary, Pathfinder Bank ("Bank"), has received the required regulatory agency approvals from both the New York State Department of Financial Services and the Federal Deposit Insurance Corporation to complete its pending acquisition of the East Syracuse, New York branch of Berkshire Bank, Pittsfield, MA located on 6611 Manlius Center Road. James A. Dowd, Presiden ...

MURRAY, Utah, June 10, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) ("FinWise" or the "Company"), parent company of FinWise Bank (the "Bank"), today announced that in its June 9, 2024 article, American Banker ranked FinWise Bancorp #2 on its list of the 100 top-performing publicly traded banks with under $2 billion of assets. "We are honored to be recognized as one of the best performing banks by American Banker," said Kent Landvatter, CEO of FinWise. "This accomplishment is a testament to the un ...

WESTFIELD, Mass., June 10, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the "Company" or "WNEB") (NasdaqGS: WNEB), the holding company for Westfield Bank (the "Bank"), announced that on June 6, 2024, the Company completed all repurchases under its existing stock repurchase plan ("2022 Repurchase Plan") at an average price per share of $7.34. The Board of Directors of the Company authorized the 2022 Repurchase Plan on July 26, 2022. The Company may repurchase shares from time to time in open m ...

The First National Bank of Absecon, a nationally chartered bank headquartered in Absecon, New Jersey, has a long history of serving the community since its establishment in 1916. The company is a community bank focused on providing deposit and loan products to retail customers and to small and mid-sized businesses from its primary market area in Atlantic County, New Jersey, and secondary markets consisting of portions of Burlington, Cape May, Cumberland, Gloucester, and Ocean Counties. Deposits at The First ...

NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating The Bancorp, Inc. ("TBBK" or the "Company") (NASDAQ:TBBK) for potential violations of the federal securities laws. The firm's investigation is in connection with a recent report by activist short seller Culper Research alleging that TBBK has misrepresented the quality of its real estate bridge loan portfolio and contending that TBBK's related loss reserv ...