ROCKVILLE, Md., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Capital Bancorp, Inc. (NASDAQ: CBNK), the holding company for Capital Bank N.A., and Integrated Financial Holdings, Inc. ("IFH"), the holding company for West Town Bank & Trust and Windsor Advantage, announced today the receipt of regulatory approval from the Office of the Comptroller of the Currency (OCC) for the proposed merger of IFH with and into CBNK. CBNK previously announced that it has also received approval from the Federal Reserve Bank of Richmond ...

PPAMPicture/E+ via Getty Images New York Community Bancorp (NYSE:NYCB) is a $4 billion bank that has been through substantial struggles due to fears about its liquidity. The company has worked hard to fix its portfolio, narrowly avoiding bankruptcy, but obviously investors were burned in the process. As we'll see throughout this article, the company has the ability to drive substantial shareholder returns. New York Community Bancorp Transition The company is working to transition its bank, with its board tr ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Image Source One of my best calls in recent months has been a rather small bank by the name of Northeast Community Bancorp (NASDAQ:NECB). And by small, I mean very small. As of this writing, the enterprise has a market capitalization of $268.2 million. That doesn't make it the smallest bank I have analyzed, but it's certainly one of the smallest. Back when I wrote about the business favorably in May of this year, the market cap was considerably lower. But shares have skyrocketed higher to the tune of 36% si ...

Stuck in a turnaround, New York Community Bancorp's future could be much brighter... but how long might it take? New York Community Bancorp (NYCB 0.18%) is not the first bank to run into financial trouble, cut its dividend, and accept a bailout. In fact, iconic Bank of America (BAC 1.44%) did each of those things during the Great Recession. But could New York Community Bancorp's future include a turnaround on the scale that Bank of America achieved? What went wrong with Bank of America During the Great Rece ...

BAYONNE, N.J., Aug. 28, 2024 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the "Company"), Bayonne, NJ (NASDAQ: BCBP), the holding company for BCB Community Bank (the "Bank"), today announced the completion of its private placement of $40.0 million in fixed-to-floating rate subordinated notes due 2034 (the "Notes"), to certain qualified institutional investors. The Notes initially bear a fixed rate of 9.250%, payable semi-annually, for the first five years and will reset quarterly thereafter to the then current th ...

Old Second Bancorp, Inc. (OSBC) signed an agreement with First Merchants Corp. to acquire five Illinois branches alongside certain branch-specific loans and deposits. These branches are located in Southeast Chicago MSA. Details of the Acquisition by Old Second Bancorp OSBC will pay a total cash consideration of roughly $23 million, equivalent to a 7.5% deposit premium to First Merchants. The company expects to assume roughly $304 million in deposits and almost $12 million in loans associated with these bran ...

LOUISVILLE, Ky., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today announced that Philip S. Poindexter, President, and members of the senior management team will participate in the Raymond James 2024 U.S. Bank and Banking on Tech Conferences to be held September 4th through Septe ...

Old Second National Bank Acquires 5 Illinois Branches from First Merchants Bank _____________ Proposed Acquisition to Add $304 Million in Deposits and $12 million in loans _____________ CHICAGO, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Old Second Bancorp, Inc. ("Old Second Bancorp") (NASDAQ: OSBC), the parent company of Old Second National Bank ("Old Second"), and First Merchants Corporation ("First Merchants Corp.") (NASDAQ: FRME), the parent company of First Merchants Bank ("First Merchants"), jointly announced ...

i 19 i I ul ryasick Introduction ConnectOne Bancorp (NASDAQ:CNOB) is a regional bank with branches located in New Jersey and New York. With a market capitalization of nearly $1 billion, the bank has experienced impressive growth since its founding nearly 20 years ago. Back in May 2023, I diseussed how the bank's preferred shares (NASDAQ CNOBP) provided an attractive income opportunity after they sold off during the regional banking crisis. Today, the preferred shares have rallied, and the dividend yield has ...