latest news releases from the newsroom
Capital City Bank Group, Inc.
Capital City Bank Group, Inc. Announces Alliance With Elavon for Its Merchant Services Business
TALLAHASSEE, Fla., Aug. 1, 2008 (PRIME NEWSWIRE) -- Capital City Bank Group, Inc. (Nasdaq:CCBG) and its subsidiary, Capital City Bank, have entered into a marketing alliance with Elavon, Inc., formerly NOVA Information Systems, a wholly owned subsidiary of U.S. Bancorp (NYSE:USB). Under this alliance, Elavon will purchase substantially all of Capital City Bank's merchant services business, and Elavon will provide merchant bankcard processing to Capital City clients going forward.
Brightpoint Corporate Headquarters to Expand
PLAINFIELD, Ind., Aug. 1, 2008 (PRIME NEWSWIRE) -- Brightpoint, Inc. ("Brightpoint" or the "Company") (Nasdaq:CELL) announced today it will relocate its corporate headquarters to Indianapolis from its existing location in Plainfield.
Louisiana Bancorp, Inc. Announces Earnings for the Second Quarter and Stock Repurchase Program
METAIRIE, La., Aug. 1, 2008 (PRIME NEWSWIRE) -- Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended June 30, 2008 was $637,000, or $.11 per share (basic and diluted), an increase of $228,000, from the second quarter of 2007. For the six month period ended June 30, 2008, the Company reported net income of $1.3 million, or $.22 per share (basic and diluted), an increase of $507,000 from the six month period ended June 30, 2007. These increases in net income are primarily attributed to the additional interest income generated by higher balances of average interest earning assets following the Company's initial public offering in July 2007. The impact of these increases in interest income were reduced by increased levels of non-interest expense during the first and second quarters of 2008, primarily due to our equity-based compensation plans and the Louisiana bank shares tax.