latest news releases from the newsroom
Community Shores Bank Corporation
Community Shores Reports 2007 Fiscal Year and Fourth Quarter Earnings
MUSKEGON, Mich., Jan. 30, 2008 (PRIME NEWSWIRE) -- Community Shores Bank Corporation (Nasdaq:CSHB), Muskegon's only locally-headquartered independent community banking organization, today reported a net loss of $723,000, or $0.49 per diluted share, for the 2007 fiscal year compared with net income of $1.3 million, or $0.89 per diluted share, for the 2006 fiscal year. For the fourth quarter, the company reported a net loss of $866,000, or $0.59 per diluted share, compared with net income of $247,000, or $0.17 per diluted share from the prior-year quarter, and a net loss of $103,000, or $0.07 per diluted share, for the third quarter of 2007. Year-end and quarter-end 2007 earnings reflect a higher level of loan loss reserve resulting from an increased level of nonperforming assets, a lower net interest margin, and higher expenses related to branch expansion activities, compared to prior year periods.
Outokumpu's corporate responsibility theme year 2008 started
January 30, 2008 at 12.00
This year has been named within Outokumpu "Corporate responsibility theme
year". Concrete targets have been set in the field of environmental and social
responsibility. The aim is that everyone at Outokumpu participates, as
responsibility concerns everyone. It's time to move from words into actions.
The corporate responsibility theme year is a natural continuation to the
implementation of Outokumpu's ethical principles and corporate responsibility p