latest news releases from the newsroom
Simplicity Bancorp, Inc.
K-FED Bancorp Authorizes New Stock Repurchase Plan
COVINA, Calif., Jan. 30, 2008 (PRIME NEWSWIRE) -- K-FED Bancorp's (Nasdaq:KFED) Board of Directors authorized a stock repurchase plan to repurchase up to 10% of its outstanding publicly held common stock, or 508,788 shares in the open market, in block trades or in privately negotiated transactions depending on market conditions. Any repurchased shares will be treated as treasury stock and will be available for general corporate purposes.
Pennichuck Corporation Announces First Quarter 2008 Common Dividend
MERRIMACK, N.H., Jan. 30, 2008 (PRIME NEWSWIRE) -- Pennichuck Corporation (Nasdaq:PNNW) today announced that the Company's Board of Directors declared a quarterly dividend of $0.165 per share payable on March 1, 2008 to shareholders of record as of February 15, 2008. This quarterly dividend remains unchanged from the previous quarter and results in an annualized dividend rate of $0.66 per share. Duane C. Montopoli, President and Chief Executive Officer of Pennichuck Corporation, noted that the Company's next dividend reinvestment date under its Dividend Reinvestment and Common Stock Purchase Plan is March 1, 2008. Shareholders wishing to purchase additional shares under that plan should ensure that their payment is received by the Company's transfer agent (American Stock Transfer & Trust Company) no later than February 25, 2008. Additional information about the Company's Dividend Reinvestment and Common Stock Purchase Plan is contained in the Plan prospectus which is available upon request from American Stock Transfer & Trust Company or online at www.amstock.com.
Heritage Commerce Corp
Heritage Commerce Corp Reports Financial Results for 2007
SAN JOSE, Calif., Jan. 30, 2008 (PRIME NEWSWIRE) -- Heritage Commerce Corp (Nasdaq:HTBK), parent company of Heritage Bank of Commerce, announced today that strong loan growth and solid asset quality contributed to earnings for 2007 of $14.1 million, or $1.12 per diluted share. Heritage Commerce Corp earned $17.3 million, or $1.44 per diluted share, for the year ended December 31, 2006. In the fourth quarter of 2007, net income was $2.8 million, or $0.21 per diluted share, compared to $4.4 million, or $0.37 per diluted share, for the same quarter a year ago. The year end and fourth quarter results reflected the acquisition of Diablo Valley Bank (DVB), costs associated with hiring new senior level bankers, and the strategic shift from loan sales to retention of Small Business Administration ("SBA") loan production, which was announced in the second quarter of 2007.
Chart Industries, Inc.
Wisconsin Governor Visits Chart Industries La Crosse Plant to Talk About His Economic Plans
CLEVELAND, Jan. 30, 2008 (PRIME NEWSWIRE) -- Chart Industries, Inc. (Nasdaq:GTLS) Energy & Chemicals ("Chart E&C") La Crosse, WI, plant was visited by Wisconsin Governor Jim Doyle on Friday, January 25. The Governor came to talk about his Grow Wisconsin plan for strengthening the state's economy and to recognize Chart as a model company. He presented Chart E&C President Michael Bright with a check for $150,000 representing state tax credits related to Chart's facility expansion and creation of new jobs.
LINN Energy, LLC
Linn Energy Announces 10.5 Percent Increase in Cash Distribution
HOUSTON, Jan. 30, 2008 (PRIME NEWSWIRE) -- Linn Energy, LLC (Nasdaq:LINE) announced today a cash distribution for the fourth fiscal quarter of 2007 of $0.63 per unit, or $2.52 per unit on an annualized basis, for all of its outstanding units. This distribution represents a 10.5% increase over Linn Energy's distribution for the third fiscal quarter of 2007. The distribution will be payable on February 14, 2008 to unitholders of record at the close of business on February 8, 2008.
Cubic Energy, Inc.
Cubic Energy, Inc. Announces 1,100 Feet of Shale Gas in Hudson 10 No. 1 Well
DALLAS, Jan. 30, 2008 (PRIME NEWSWIRE) -- Cubic Energy, Inc. (OTCBB:QBIK) ("Cubic" or the "Company") announces today that it has reached total depth of 11,650 feet in the Hudson 10 No. 1. The well was control flow drilled through the Bossier/Haynesville Shales due to continuous gas shows of 1000 to 3000 units throughout the shale interval with an 11.3 mud weight. Post-casing log analysis will be utilized in order to evaluate the interval and plan its completion.