latest news releases from the newsroom
Energy XXI Announces New AIM Trading Symbol and Depositary Interest
HOUSTON, May 30, 2007 (PRIME NEWSWIRE) -- Energy XXI (Bermuda) Limited today announced it has completed the process to have its unrestricted common shares admitted to trading on AIM, a market operated by the London Stock Exchange, under the ticker symbol EXXI, effective from June 6, 2007. Unlike its restricted shares, currently (LSE:EGY), which may only be purchased by certain types of investors, the unrestricted shares (LSE:EXXI) may be purchased by any interested party. The unrestricted shares will be admitted to the CREST electronic settlement system by means of a depositary interest facility.
Heritage Oaks Bancorp
Heritage Oaks Bancorp Enters Into Definitive Agreement to Acquire Business First National Bank of Santa Barbara
PASO ROBLES, Calif. and SANTA BARBARA, Calif., May 29, 2007 (PRIME NEWSWIRE) -- Heritage Oaks Bancorp (Nasdaq:HEOP), the parent company of Heritage Oaks Bank, and Business First National Bank announced today that they have entered into a definitive agreement for the acquisition of Business First National Bank by Heritage Oaks Bancorp in an approximately 75% stock and 25% cash merger. The agreement provides for each Business First National Bank shareholder to receive $3.44 in cash and 0.5758 shares of Heritage Oaks common stock in exchange for each share of Business First National Bank common stock. Based on Heritage Oaks' closing market price on May 29, 2007, the merger is valued at $13.69 per Business First National Bank share or a total transaction value of approximately $20.6 million.
City National Bank
Business Bank of Nevada Becomes City National Bank Today
LAS VEGAS, May 29, 2007 (PRIME NEWSWIRE) -- Business Bank of Nevada today began doing business as City National Bank. Bank executives, clients, government and community leaders and local school district officials marked the occasion by unveiling new City National signs during special events in Las Vegas, Reno and Carson City, and by opening an eighth Nevada office at Hughes Center in Las Vegas.