Territorial Shareholders Would Receive $12.00 Per Share in Cash, a 29% Premium1 Strong Capital Support from Veteran Bank Funds Exceeds Required Capital Territorial Would Remain a Hawaii Institution Under Local Hawaii Leadership HONOLULU, Sept. 17, 2024 /PRNewswire/ -- Blue Hill Advisors LLC and other leading bank investors today reiterated their commitment to a $12.00 per share cash offer for Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK) which also allows for up to 30% of existing ...

NEW YORK, Sept. 16, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Sterling Bancorp, Inc. (NASDAQ: SBT) and its board of directors concerning the proposed acquisition of the company by EverBank Financial Corp. The transaction is valued at $261 million and is expected to close in the first quarter of 2025. If you are a stockholder of Sterling Bancorp, Inc. and are interested in obtaining additional information regarding this investigation, please visit us at: htt ...

Fifth Third Bancorp (FITB) rewards shareholders by increasing its quarterly dividend. The company declared a cash dividend of 37 cents per share for third quarter 2024. This reflects a 6% hike from the prior payout. The dividend will be paid out on Oct. 15, 2024, to shareholders of record as of Sep. 30, 2024. Before the latest hike, FITB increased its dividend by 6.1% to 35 cents per share in September 2023. The company hiked its dividend five times in the past five years, with an annualized dividend growth ...

MILWAUKEE, Sept. 16, 2024 /PRNewswire/ -- Ademi LLP is investigating Sterling (Nasdaq: SBT) for possible breaches of fiduciary duty and other violations of law in its transaction with Everbank. Click here to learn how to join our investigation https://www.ademilaw.com/case/sterling-bancorp-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. In the transaction, Sterling will receive $261,000,000 from Everbank, an indeterminate amount of which will be distributed to Sterli ...

GLEN BURNIE, Md., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), the parent company of The Bank of Glen Burnie®, named Felton Magee Jr. to the Board of Directors, announced Mark C. Hanna, President and CEO of Glen Burnie Bancorp and The Bank of Glen Burnie. "Felton is an accomplished business leader with a proven track record of identifying and implementing strategies for accelerating growth," said Hanna. "He has skillfully navigated challenging situations using his expertise to stre ...

At a recent investor day, U.S. Bancorp (USB) rewards its shareholders with a new share repurchase plan of up to $5 billion of the company's outstanding common stock starting on Sept. 13, 2024. The company plans to begin repurchasing shares by early 2025. The prior program, which was approved in December 2020, has been replaced by this new share repurchase plan. The firm will utilize the share repurchase program at its discretion as it continues to evaluate the economic climate, develop capital and comply wi ...

NEW YORK, Sept. 12, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Evans Bancorp Inc. (NYSE: EVBN), relating to its proposed merger with NBT Bancorp Inc. Under the terms of the agreement, Evans Bancorp shares will be automatically converted into 0.91 shares ...

New York Community Bancorp is working on a turnaround. So is Bank of Nova Scotia. You'll probably want to buy the one offering a 6.2% yield. There are hard turnarounds, and then there are easy turnarounds. Most investors should be wary of hard turnarounds, but easy ones can be worth a deep dive even for more conservative investors. This is why investors should forget about New York Community Bancorp (NYCB 1.83%) and, instead, buy Bank of Nova Scotia (BNS 0.60%) and its lofty 6.2% dividend yield. Here's a qu ...

CARMEL, Ind., Sept. 11, 2024 /PRNewswire/ -- Merchants Bancorp (the "Company")(NASDAQ: MBIN) and its wholly owned subsidiary, Merchants Bank, have announced the appointment of Sean Sievers as its new Chief Financial Officer, effective Sept. 9, 2024. Sievers brings more than 25 years of executive financial leadership in the banking and mortgage industries to the top-performing banks' chief finance role. Sean SieversSean Sievers John MackeJohn Macke Most recently, Sievers served as CFO at Rate (formerly Guara ...

NORWICH, N.Y. and WILLIAMSVILLE, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. ("NBT") (NASDAQ: NBTB) and Evans Bancorp, Inc. ("Evans") (NYSE American: EVBN) today announced they have entered into a definitive agreement pursuant to which Evans will merge with and into NBT. This merger will bring together two highly respected banking companies and extend NBT's growing footprint into Western New York. "We are enthusiastic about this opportunity to partner with Evans and are confident it is a high ...