latest news releases from the newsroom
Cascade Financial Corp.
Cascade Financial Declares Quarterly Cash Dividend of $0.01 Per Share; Schedules First Quarter 2009 Conference Call
EVERETT, Wash., March 26, 2009 (GLOBE NEWSWIRE) -- Cascade Financial Corporation (Nasdaq:CASB), parent company of Cascade Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.01 per share, down from $0.045 per share in the previous quarter. This dividend is payable April 29, 2009 to shareholders of record as of April 15, 2009. This reduction will enable Cascade to retain an additional $1.7 million in common equity each year.
Hallmark Financial Services, Inc.
Hallmark Financial Services, Inc. Announces Fourth Quarter and Fiscal Year 2008 Earnings Results
FORT WORTH, Texas, March 26, 2009 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (Nasdaq:HALL) today reported fiscal 2008 net income of $12.9 million compared to $27.9 million reported for fiscal 2007. Hallmark reported a net loss of $2.4 million for the fourth quarter of 2008 compared to net income of $7.3 million reported for the fourth quarter of 2007. On a fully diluted basis, fiscal 2008 net income was $0.62 per share and fourth quarter 2008 was a net loss of $0.12 per share, as compared to net income of $1.34 per share and $0.35 per share for the similar periods of 2007. Total revenues were $268.7 million and $60.2 million for fiscal 2008 and the fourth quarter 2008, representing a 2% and a 14% decrease from the $275.2 million and $69.9 million reported for the similar periods of 2007.
Imperial Industries, Inc.
Imperial Industries, Inc. to Host Conference Call to Discuss 2008 Fourth Quarter and Full Year Financial Performance and Operating Results
POMPANO BEACH, Fla., March 26, 2009 (GLOBE NEWSWIRE) -- Imperial Industries, Inc. (Nasdaq:IPII) (the "Company") today announced that it intends to release its financial results for the fourth quarter and year ended December 31, 2008 after the market closes on Tuesday, March 31, 2009. The Company will also host a conference call with the investment community, Wednesday, April 1, 2009, at 4:00 pm EST to discuss financial results for the fourth quarter and year ended December 31, 2008.
Shepherd Smith Edwards & Kantas
The Law Firm of Shepherd Smith Edwards & Kantas Continues to Investigate and File Claims Involving 'Preferred' Stocks
HOUSTON, March 26, 2009 (GLOBE NEWSWIRE) -- The Securities Law Firm of Shepherd Smith Edwards & Kantas LLP, (www.sseklaw.com), is currently investigating, and has filed, claims on behalf of investors who have sustained economic losses as a result of overconcentration in "preferred" stocks issued by financial companies. Many financial based companies (mortgage companies, banks and brokerage firms) began issuing shares of preferred stock earlier this year in an effort to raise much needed cash. Many brokerage firms, including UBS (Symbol:UBS), Morgan Stanley (Symbol:MS) and Citigroup (Symbol:C) were either involved in the underwriting or marketing of these products. Its possible that extra "sales credits" were utilized to incentivize brokers into marketing of these products. Based on contact with dozens of investors, it appears there was a rash of sales to investors of preferred stocks issued by financial companies. This has resulted in many investor complaints involving Brokerage firms overconcentrating clients in securities issued by financial based companies. Examples include overconcentration in issues of Fannie Mae (Symbol:FM), Freddie Mac (Symbol:FRE), Washington Mutual (Symbol:WM), Lehman Brothers (Symbol:LEH), Wachovia (Symbol:WB), Bear Stearns (Symbol:BST), and Merrill Lynch (Symbol:MER).
BankFinancial Corporation Announces Annual Meeting of Shareholders
BURR RIDGE, Ill., March 26, 2009 (GLOBE NEWSWIRE) -- BankFinancial Corporation (Nasdaq:BFIN) announced today that its 2009 Annual Meeting of Shareholders will be held on June 30, 2009 at 11:00 AM, Chicago, Illinois time. The location of the meeting will be the Holiday Inn Chicago-Willowbrook-Hinsdale, 7800 South Kingery Highway (Route 83), Willowbrook, IL 60527.