latest news releases from the newsroom
Photo Release -- Donut Rebellion Begins as Law Enforcement Fights Battle of Bulge -- Lindora Sponsors 1st Battle of Badges Pitting Police Against Sheriffs in Weight Loss Competition
COSTA MESA, Calif., Jan. 23, 2008 (PRIME NEWSWIRE) -- With the goal of dispelling the "cop in a donut shop" stereotype, 20 members of Southern California's law enforcement community bravely stepped on the scales and declared their weight loss goals at Lindora Medical Clinics' inaugural Battle of the Badges weigh-in ceremony. Uniformed members from the Orange County Sheriff's Department and Santa Ana Police Department officially kicked off the 10-week program, which is sponsored by Lindora. Emphasizing an "eat better, move more and stress less" philosophy, the program combines diet, moderate exercise and motivational tools and is designed to help participants lose 10 percent of their body weight in the first 10 weeks. The winning team will be determined by how close they come to reaching or even exceeding their goal. Weights ranged from a low of 165 pounds (a female member of the Santa Ana Police Dept) to her male colleague, who topped the scales at 318 pounds.
Legacy Reserves LP
Legacy Reserves LP Announces Increase in Quarterly Cash Distribution
MIDLAND, Texas, Jan. 23, 2008 (PRIME NEWSWIRE) -- Legacy Reserves LP (Nasdaq:LGCY) today announced that the board of directors of its general partner has approved a cash distribution attributable to the fourth quarter of 2007 of $0.45 per unit, payable on February 14, 2008 to unitholders of record at the close of business on February 4, 2008. This quarterly distribution of $0.45 per unit represents a $0.02 increase over the quarterly distribution paid with respect to the previous quarter.
Heritage Oaks Bancorp
Heritage Oaks Bancorp Reports Record 2007 Profits, Stable Asset Quality and Strong Loan and Deposit Growth
PASO ROBLES, Calif., Jan. 23, 2008 (PRIME NEWSWIRE) -- Heritage Oaks Bancorp (Nasdaq:HEOP), the parent company of Heritage Oaks Bank, today reported preliminary financial results for 2007. Substantial loan and deposit growth, both organic and through its acquisition of Business First National Bank of Santa Barbara, contributed to record profits for the year ended December 31, 2007. In 2007, the company earned $6.9 million, or $1.00 per diluted share, compared to $6.6 million, or $1.01 per diluted share, in 2006. For the fourth quarter of 2007 net income increased 20% to $2.0 million, or $0.26 per diluted share, compared to $1.6 million, or $0.25 per diluted share, in the fourth quarter of 2006.
Washington Banking Company
Washington Banking Fourth Quarter 2007 Earnings Increase to $1.9 Million, or $0.19 Per Diluted Share
OAK HARBOR, Wash., Jan. 23, 2008 (PRIME NEWSWIRE) -- Washington Banking Company (Nasdaq:WBCO), the holding company for Whidbey Island Bank, today reported that solid loan and deposit growth and strong asset quality contributed to profitability in the fourth quarter of 2007. Expenses associated with the previously announced merger agreement with Frontier Financial reduced profits by $513,000 pre-tax, or $0.04 per share after tax, for both the fourth quarter and full year. For the quarter ended December 31, 2007, net income was $1.9 million, or $0.19 per diluted share, compared to $1.8 million, or $0.19 per diluted share, in the fourth quarter a year ago. In 2007, net income was $9.4 million, or $0.99 per diluted share, approaching last year's level of $9.5 million, or $1.00 per share.