latest news releases from the newsroom
First Advantage Bancorp
First Advantage Bancorp to Initiate Stock Repurchase Program
CLARKSVILLE, Tenn., Dec. 22, 2008 (GLOBE NEWSWIRE) -- First Advantage Bancorp (Nasdaq:FABK) (the "Company"), the holding company for First Federal Savings Bank, announced today that it is commencing a stock repurchase program to acquire up to 263,234 shares, or 5.0%, of the Company's outstanding common stock. Repurchases, which will be conducted through open market purchases or privately negotiated transactions, will be made from time to time depending on market conditions and other factors. There is no guarantee as to the exact number of shares to be repurchased by the Company.
NASDAQ OMX Completes Investment in International Derivatives Clearing Group
NEW YORK, Dec. 22, 2008 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today the completion of its 80% equity investment in the International Derivatives Clearing Group (IDCG). Effective today, IDCG will become an independently operated subsidiary of NASDAQ OMX. Additionally, today the Commodity Futures Trading Commission (CFTC) granted IDCG approval to clear OTC Interest Rate Swap (IRS) Futures Contracts and other Fixed Income derivatives contracts.
Auxilio, Inc. Announces Renewal of Document Services Agreement With California Pacific Medical Center
MISSION VIEJO, Calif., Dec. 22, 2008 (GLOBE NEWSWIRE) -- Auxilio, Inc. (OTCBB:AUXO), a leading provider of Document Services in Healthcare, announced today that it has entered into an agreement for the renewal of its Outsourced Document Services with California Pacific Medical Center (CPMC) in San Francisco. CPMC has been a customer of Auxilio since 2005. The new agreement extends the relationship between the organizations for another five year period.
The Connecticut Bank and Trust Company
Shareholder Vote Clears the Way for The Connecticut Bank and Trust Company to Participate in U.S. Department of Treasury Investment Program
HARTFORD, Ct., Dec. 22, 2008 (GLOBE NEWSWIRE) -- The Connecticut Bank and Trust Company (Nasdaq:CTBC) has received $5.4 million in new capital through participation in the Treasury Department's Capital Purchase Program. This follows a Special Meeting of Shareholders held last week during which the shareholders approved a change to CBT's Charter to allow it to issue preferred stock clearing the way for the Company to participate in the Program. The vote was necessary because the Treasury requires financial institutions to issue preferred stock.
International Derivatives Clearing Group
NASDAQ OMX Backed IDCG Granted Regulatory Approval
NEW YORK, Dec. 22, 2008 (GLOBE NEWSWIRE) -- International Derivatives Clearing Group, LLC (IDCG) announced today that the Commodity Futures Trading Commission (CFTC) has approved its application as a derivatives clearing organization (DCO). The application was filed on August 25, 2008. This approval paves the way for IDCG's clearinghouse to begin clearing OTC Interest Rate Swap Contracts before the end of 2008.
Federal Home Loan Bank of Cincinnati
State Automobile Mutual Insurance Company Welcomed as Member of FHLBank of Cincinnati
CINCINNATI, Dec. 22, 2008 (GLOBE NEWSWIRE) -- State Automobile Mutual Insurance Company (State Auto) of Columbus, Ohio, has been approved for membership at Federal Home Loan Bank of Cincinnati (FHLBank). With $1.9 billion in assets and rated A+ (Superior) by A.M. Best, State Auto is the 20th insurance company to join FHLBank and is among 177 insurance companies in the 12-district FHLBank system.