latest news releases from the newsroom
MFB Corp. Announces Third Quarter, Year to Date Earnings
MISHAWAKA, Ind., July 24, 2007 (PRIME NEWSWIRE) -- MFB Corp. (Nasdaq:MFBC), parent company of MFB Financial (the "Bank"), reported today its consolidated financial results on an unaudited basis of $2.8 million or $2.03 diluted earnings per share for the nine months ended June 30, 2007, an increase from the net income of $1.2 million or $0.87 diluted earnings per share, for the nine months ended June 30, 2006. The change is predominantly due to the activity in the allowance for loan loss further discussed below. MFB Corp's consolidated net income for the three months ended June 30, 2007 was $843,000, or $0.62 diluted earnings per share, compared to $794,000, or $0.57 diluted earnings per share, for the same period last year.
Centennial Bank Holdings, Inc. Announces Second Quarter 2007 Financial Results and Plan to Merge Subsidiaries Into Single Bank
DENVER, July 24, 2007 (PRIME NEWSWIRE) -- Centennial Bank Holdings, Inc. (Nasdaq:CBHI) today reported a second quarter 2007 net loss of $2.8 million, or $0.05 per basic and diluted share, compared to first quarter 2007 net earnings of $5.4 million, or $0.10 per basic and diluted share, and second quarter 2006 net earnings of $5.7 million, or $0.10 per basic and diluted share. The current quarter loss was driven by a provision for loan loss of $12.8 million. Excluding after-tax intangible asset amortization of $1.4 million, the second quarter 2007 cash net loss was $1.4 million, or $0.03 per basic and diluted share. This compares to first quarter 2007 cash net income of $6.8 million, or $0.12 per basic and diluted share, and second quarter 2006 cash net income of $7.6 million, or $0.13 per basic and diluted share.
Coram Ambulatory Infusion Suites Now Providing Soliris Infusions
DENVER, July 24, 2007 (PRIME NEWSWIRE) -- Coram, Inc., a leading national provider of specialty home infusion and specialty pharmaceutical distribution services, has announced that it has become an approved provider of Soliris(tm) for Alexion Pharmaceuticals, Inc. Soliris is the first and only therapy approved for paroxysmal nocturnal hemoglobinuria, or PNH, a rare, disabling and life-threatening blood disorder characterized by chronic red blood cell destruction, otherwise known as hemolysis.
Kratos Defense & Security Solutions, Inc.
WFI Announces Close of $24 Million Sale of Wireless Deployment Business to Platinum Equity
SAN DIEGO, July 24, 2007 (PRIME NEWSWIRE) -- WFI (Nasdaq:WFII), a leader in information technology solutions, command and control systems, weapon systems operations and maintenance and enterprise security solutions, announced today that it has completed the previously announced agreement to sell its Wireless Deployment business to an affiliate of private equity firm Platinum Equity. The transaction is valued at $24 million in total consideration, and, with the closing of this transaction, WFI has received approximately $18 million in cash. The balance of $6 million is payable in a three-year earn-out arrangement through 2010. The deal also includes a Transition Services Agreement for the transition of certain services for a period of six months. The assets sold to Platinum Equity include all of WFI's Wireless Deployment business, and the Wireless Facilities name. The Company is planning to launch under a new name, new stock ticker and new overall brand soon.
Crown Crafts, Inc.
Crown Crafts' Open Letter to Stockholders Outlines the Real Story
GONZALES, La., July 24, 2007 (PRIME NEWSWIRE) -- Crown Crafts, Inc. (Nasdaq:CRWS) announced today that the Company has sent a letter to its stockholders in conjunction with its annual meeting of stockholders to be held in Gonzales, Louisiana on August 14, 2007. The Company urged its stockholders to consider the accomplishments and objectives of the Board detailed in the letter. The Company stressed the importance of this vote and asked stockholders to vote their shares on the WHITE proxy card that they will receive by mail. The body of the letter sent to stockholders is as follows:
QCR Holdings, Inc.
QCR Holdings, Inc. Announces Earnings Results For the Second Quarter of 2007
MOLINE, Ill., July 24, 2007 (PRIME NEWSWIRE) -- QCR Holdings, Inc. (Nasdaq:QCRH) today announced that earnings for the second quarter ended June 30, 2007 were $1.3 million, resulting in fully diluted earnings per share for common shareholders of $0.23. Earnings and earnings per share results for the first quarter of 2007 were $1.3 million and $0.22, respectively. For the same quarter one year ago, the Company reported earnings of $1.2 million, however, the prior year results were significantly impacted by a one-time gain on the sale of a foreclosed asset that increased after-tax earnings by $513 thousand. The Company's second quarter 2006 core earnings would have been $690 thousand without this one-time gain.