latest news releases from the newsroom
PSB Group, Inc.
PSB Group, Inc. Declares Fourth-Quarter Dividend
MADISON HEIGHTS, Mich., Oct. 30, 2007 (PRIME NEWSWIRE) -- The Board of Directors of PSB Group, Inc., (OTCBB:PSBG), the bank holding company for Peoples State Bank, a Michigan state-chartered bank with offices in Wayne, Oakland, Macomb and Genesee Counties, declared the payment of a quarterly cash dividend of $0.18 per share to Shareholders of Common Stock.
Wolverine Tube Inc.
Wolverine Tube Announces Results of Rights Offering
HUNTSVILLE, Ala., Oct. 30, 2007 (PRIME NEWSWIRE) -- Wolverine Tube, Inc. (OTCBB:WLVT) today announced the results of the rights offering that expired on October 29, 2007. The Company's shareholders purchased 25,450,453 shares of common stock, resulting in gross proceeds of $28.0 million. The proceeds from the rights offering, after expenses, will be used to reduce outstanding amounts under our secured revolving credit facility and receivables sales facility.
FFD Financial Corporation
FFD Financial Corporation Reports Net Earnings for the Three Months Ended September 30, 2007
DOVER, Ohio, Oct. 30, 2007 (PRIME NEWSWIRE) -- FFD Financial Corporation (Nasdaq:FFDF), parent company of First Federal Community Bank of Dover, Ohio, reported net earnings for the three months ended September 30, 2007, of $408,000, or per share diluted earnings of $.37, compared to net earnings of $442,000, or $.37 per diluted share, reported for the comparable three-month period in 2006. Diluted earnings per share remained constant period to period, despite the decrease in net earnings, as a result of the Corporation's stock repurchases, a longstanding capital management tool. The $34,000, or 7.7%, decrease in net earnings resulted from increases of $78,000, or 7.4%, in general, administrative and other expenses and $25,000, or 39.7%, in the provision for losses on loans and a decrease of $14,000, or 8.3%, in other income, and were partially offset by an increase of $65,000, or 4.0%, in net interest income and a decrease of $18,000, or 7.9%, in the provision for federal income taxes.
Aastrom Biosciences, Inc.
Aastrom Biosciences to Present At Acumen Biofin Rodman & Renshaw 9th Annual Healthcare Conference
ANN ARBOR, Mich., Oct. 30, 2007 (PRIME NEWSWIRE) -- Aastrom Biosciences, Inc. (Nasdaq:ASTM), a leading regenerative medicine company, today announced that Gerald D. Brennan, Vice President, Administrative and Financial Operations and Chief Financial Officer and Elmar R. Burchardt, MD, PhD, Vice President, Medical Affairs, will present at the Acumen BioFin Rodman & Renshaw 9th Annual Healthcare Conference. The conference will be held November 5-7th at The New York Palace Hotel in New York City, NY. Mr. Brennan and Dr. Burchardt will present at 10:15 a.m. (Eastern Time), on Monday, November 5, 2007.