latest news releases from the newsroom
Maddox Hargett & Caruso
Maddox Hargett & Caruso, P.C. Issues Clarification and Amplification
INDIANAPOLIS, May 1, 2009 (GLOBE NEWSWIRE) -- On April 17, 2009, Maddox Hargett & Caruso, P.C. issued a Press Release concerning an April 14, 2009 amended arbitration award for Phillip Willingham and Melinda Oates in the amount of $187,000.00. This April 14 amended award was issued by a Financial Industry Regulatory Authority (FINRA) arbitration panel for claims brought by Willingham and Oates against Morgan Keegan in which they contended Morgan Keegan engaged in misconduct in the sale of certain bond funds.
Provident Community Bancshares, Inc.
Provident Community Bancshares Reports First Quarter Results
ROCK HILL, S.C., May 1, 2009 (GLOBE NEWSWIRE) -- Provident Community Bancshares, Inc. (Nasdaq:PCBS) (the "Corporation") recorded a net loss of $1,695,000 for the three months ended March 31, 2009 as compared to net income of $420,000 for the same period in 2008. The decrease in net income for the period was due primarily to provision for loan losses of $2.7 million for the three months ended March 31, 2009 compared to $310,000 for the three months ended March 31, 2008. In addition, operating results were impacted by a compression of the net interest margin caused by declining interest rates and an increase in non-interest expense due to an other than temporary impairment expense of $309,000 related to investment securities. Net loss per common share was $0.95 (diluted) for the first quarter of 2009, versus net income of $0.23 per common share (diluted) for the first quarter of 2008.
Pericom Semiconductor Corporation
Pericom Semiconductor Reports Fiscal Q3 2009 Financial Results
SAN JOSE, Calif., May 1, 2009 (GLOBE NEWSWIRE) -- Pericom Semiconductor Corporation (Nasdaq:PSEM), a worldwide supplier of high-speed integrated circuits and frequency control products, today announced results for its fiscal third quarter ended March 28, 2009.
First Peoples Bank
FPB Bancorp, Inc. Reports First Quarter Results
PORT ST. LUCIE, Fla., May 1, 2009 (GLOBE NEWSWIRE) -- FPB Bancorp, Inc. (Nasdaq:FPBI), a Florida bank holding company whose subsidiary is First Peoples Bank, announced today a first quarter net loss of $762,000 or $(.37) per basic and diluted common share, compared to a net loss of $381,000 or $(.19) per basic and diluted common share for the first quarter of 2008. Total consolidated assets for the first quarter of 2009 were $250.8 million, as compared to $239.2 million for the first quarter of 2008, an increase of $11.7 million.
Giga-tronics Reports Fourth Quarter and FY 2009 Results
SAN RAMON, Calif., May 1, 2009 (GLOBE NEWSWIRE) -- Giga-tronics, Incorporated (Nasdaq:GIGA) reported today a net profit of $383,000 or $0.08 per fully diluted share for the fourth quarter ended March 28, 2009. This compares with a net loss of $545,000 or $0.11 per fully diluted share for the same period a year ago. Profit from continuing operations for the fourth quarter was $383,000 or $0.08 per fully diluted share compared to a loss from continuing operations of $480,000 or $0.10 per fully diluted share for the same period a year ago. Net sales increased 26% to $5,145,000 in the fourth quarter of fiscal 2009 compared to $4,099,000 in the same quarter for the prior year. Operating expenses decreased 8% or $179,000 in the fourth quarter of fiscal 2009 over fiscal 2008. Orders booked in the fourth quarter were $2,224,000 compared to $3,784,000 last year.
Kaiser Aluminum Corporation
Kaiser Aluminum Announces Director Resignation
FOOTHILL RANCH, Calif., May 1, 2009 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (Nasdaq:KALU) today announced that Georganne C. Proctor resigned as a member of its Board of Directors effective April 27, 2009 due to the demands of her position as Executive Vice President and Chief Financial Officer at TIAA-CREF. In her resignation letter, Ms. Proctor noted her full support of Kaiser Aluminum and its management team.