latest news releases from the newsroom
Simplicity Bancorp, Inc.
K-FED Bancorp Announces Second Quarter Earnings
COVINA, Calif., Jan. 28, 2008 (PRIME NEWSWIRE) -- K-FED Bancorp (Nasdaq:KFED), the parent company of Kaiser Federal Bank, reported net income of $406,000 for the quarter ended December 31, 2007 and $1.4 million for the six months then ended. This compares to net income of $1.1 million for the quarter ended December 31, 2006 and $2.5 million for the six months then ended. These net income declines are due primarily to the recognition of $1.3 million in stock offering expenses resulting from the cancellation of the stock offering in November 2007. The recognition of these expenses resulted in a decline of 5-cents-per-share in the Company's basic and diluted earnings per share numbers for the three and six months ended December 31, 2007.
Park National Bank
Park National Corporation Reports 2007 Results
NEWARK, Ohio, Jan. 28, 2008 (PRIME NEWSWIRE) -- Park National Corporation (Park) (AMEX:PRK) today reported net income for 2007 was $22.7 million, 76 percent less than Park's 2006 net income of $94.1 million. Park's diluted earnings per share for the year 2007 were $1.60, a 76 percent decrease from $6.74 in diluted earnings per share for 2006. Without the $54 million impairment charge to fourth-quarter earnings based on the reduction in the goodwill value of Park subsidiary Vision Bank, headquartered in Panama City, Fla. (announced January 15, 2008), Park would have earned $76.7 million and $5.40 diluted earnings per share for 2007.
Silverstar Holdings, Ltd.
Silverstar Holdings Sets Second Quarter 2008 Conference Call for Tuesday, February 12 At 4:30 p.m. ET
BOCA RATON, Fla., Jan. 28, 2008 (PRIME NEWSWIRE) -- Silverstar Holdings, Inc. (Nasdaq:SSTR), a leading international publisher and developer of interactive entertainment software, will hold a conference call on Tuesday, February 12, 2008, at 4:30 p.m. Eastern Time to discuss results for the second quarter ended December 31, 2007. Financial results will be issued in a press release after the close of the market the same day.
PAB Bankshares, Inc.
PAB Bankshares, Inc. Announces Financial Results for Fourth Quarter and Full-Year 2007
VALDOSTA, Ga., Jan. 28, 2008 (PRIME NEWSWIRE) -- PAB Bankshares, Inc. Announces Financial Results for Fourth Quarter and Full-Year 2007 VALDOSTA, GA.: On Monday January 28, 2008, PAB Bankshares, Inc. (Nasdaq:PABK), the holding company for The Park Avenue Bank, announced its financial results for the fourth quarter and full-year 2007. "2007 proved to be a challenging year for most financial institutions and it appears that many of those challenges will continue throughout 2008. Our financial results for 2007 were not all we aspired to, but were respectable given the difficult operating environment," stated M. Burke Welsh Jr., President and Chief Executive Officer. "We have seen a severe decline in residential real estate activity in the metropolitan Atlanta region. However, South Georgia and North Florida markets have remained fairly stable. Our core deposit base, strong capital position and the diversity of three distinct markets are strengths that should enable us to manage through current conditions," added Welsh.
ICU Medical, Inc.
ICU Medical, Inc. Reports Fourth Quarter and Year-End 2007 Results
SAN CLEMENTE, Calif., Jan. 28, 2008 (PRIME NEWSWIRE) -- ICU Medical, Inc., (Nasdaq:ICUI), a leading low cost manufacturer of safe medical connectors, custom medical products and critical care devices, today announced results for the fourth quarter and fiscal year ended December 31, 2007.