latest news releases from the newsroom
Summit Financial Group, Inc.
Summit Financial Group, Inc. to Expand Its Virginia Franchise
MOOREFIELD, W.Va., April 12, 2007 (PRIME NEWSWIRE) -- Summit Financial Group, Inc. ("Summit") (Nasdaq:SMMF) today announced the signing of a definitive agreement (the "Agreement") to acquire Greater Atlantic Financial Corp. (Pink Sheets:GAFC) ("Greater Atlantic") headquartered in Reston, Virginia. The acquisition of Greater Atlantic will serve to expand significantly Summit's presence in its existing Virginia markets along the I-81 Corridor and in Loudoun County, as well as to provide Summit the opportunity to move into adjacent, new markets in northern Virginia and Maryland.
Izard Nobel LLP
Schatz Nobel Izard, P.C. Announces Class Action Lawsuit Against Choice Hotels International, Inc.
HARTFORD, Conn., April 12, 2007 (PRIME NEWSWIRE) -- The law firm of Schatz Nobel Izard, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of Colorado on behalf of all persons who purchased or otherwise acquired the publicly traded securities of Choice Hotels International, Inc. ("Choice" or the "Company") (NYSE:CHH) between April 25, 2006 and July 26, 2006, inclusive, (the "Class Period").
Advanced Lighting Technologies, Inc
Advanced Lighting Technologies Signs Commitment Letter for $185 Million Secured Credit Facilities
SOLON, Ohio, April 12, 2007 (PRIME NEWSWIRE) -- Advanced Lighting Technologies, Inc. ("ADLT") today announced that it has signed a commitment letter with CIT Lending Services Corporation, a subsidiary of CIT Group, Inc. (CIT), to refinance its existing credit facilities, provide working capital and fund future acquisitions. The new financing includes up to $185 million in secured credit facilities. The transaction, which is subject to documentation and customary closing conditions, is expected to close in May.
SB Financial Group
Rurban Financial Corp. Announces Stock Repurchase Program
DEFIANCE, Ohio, April 12, 2007 (PRIME NEWSWIRE) -- Rurban Financial Corp. (Nasdaq:RBNF), (the "Company"), a leading provider of full-service community banking, investment management, trust services, and bank data processing, announced that its Board of Directors has authorized a stock repurchase program pursuant to which the Company may repurchase up to 250,000 common shares, or approximately 5% of the Company's outstanding common shares, over the next fifteen months. Under the repurchase program, common shares will be repurchased from time-to-time in the open market or in privately negotiated transactions in accordance with applicable federal and state securities laws and regulations. The extent to which the company repurchases its common shares and the timing of such repurchases will depend upon stock price, general economic and market conditions and other corporate considerations. The repurchase program may be suspended at any time.