latest news releases from the newsroom
Horizon Financial Corp.
Horizon Financial Reports Fiscal 2009 Results
BELLINGHAM, Wash., April 30, 2009 (GLOBE NEWSWIRE) -- Horizon Financial Corp. (Nasdaq:HRZB), the bank holding company for Horizon Bank ("Bank"), today reported that a $40.0 million provision for loan losses contributed to a net loss of $25.7 million, or $2.15 per share, for the fiscal fourth quarter ended March 31, 2009. The net loss totaled $33.4 million, or $2.79 per share, including a $65.0 million loan loss provision for the year ended March 31, 2009.
Third Federal Savings and Loan
TFS Financial Corporation Declares Sixth Dividend
CLEVELAND, April 30, 2009 (GLOBE NEWSWIRE) -- TFS Financial Corporation (Nasdaq:TFSL) (the "Company"), the holding company for Third Federal Savings and Loan Association of Cleveland, announced that on April 29, 2009, the Board of Directors declared the Company's sixth quarterly cash dividend of $0.07 per share, payable on May 29, 2009 to stockholders of record on May 15, 2009. Third Federal Savings and Loan Association of Cleveland, MHC, has waived its right to receive the dividend on the 227,119,132 shares of common stock it owns.
German American Bancorp, Inc.
German American Bancorp, Inc. Reports 1st Quarter Results and Declares Its Regular Quarterly Cash Dividends
JASPER, Ind., April 30, 2009 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq:GABC) today announced the Company's 1st quarter earnings of $2,942,000, or $0.27 per share. On a per share basis, 1st quarter 2009 earnings were equal to the record $0.27 per share reported in the 1st quarter of last year. On a net income basis, the current year's reported 1st quarter earnings were only $78,000, or 2.6%, less than the $3,020,000 reported as last year's record 1st quarter earnings.
Appalachian Bancshares, Inc.
Adverse Economic Conditions Continue to Affect Appalachian Bancshares
ELLIJAY, Ga., April 30, 2009 (GLOBE NEWSWIRE) -- Appalachian Bancshares, Inc. (Nasdaq:APAB), holding company for Appalachian Community Bank, Appalachian Community Bank, F.S.B., and Appalachian Real Estate Holdings, Inc. reported consolidated total assets of $1.2 billion, at March 31, 2009, compared to $1.0 billion at March 31, 2008, an increase of 21.0%. Total loans net of unearned income were $883.0 million at March 31, 2009, an increase of $37.5 million, or 4.4%, when compared with $845.6 million at March 31, 2008. Deposits grew to $1.1 billion at March 31, 2009, an increase of $218.0 million, or 25.8%, when compared to $846.1 million at March 31, 2008.