latest news releases from the newsroom
Nidec Completes Own Share Repurchase Plan Announced on February 1, 2008
KYOTO, Japan, Dec. 24, 2008 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ) announced today that the Company completed the repurchase of 1,000,000 shares of its outstanding common stock under its own-share repurchase program announced on February 1, 2008 (Reference 1), pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan. The Company plans to continue repurchasing its common shares from time to time until November 24, 2009 under its subsequent own-share repurchase program announced on November 21, 2008 (Reference 2).
City National Bank
City National Bank Donates Over $5,000 in Monetary and Volunteer Support During Holiday Season
LAS VEGAS, Dec. 23, 2008 (GLOBE NEWSWIRE) -- City National Bank today announced that it is spreading some much needed holiday cheer to a number of nonprofit organizations throughout Nevada. The bank and its colleagues are donating more than $5,000 in monetary and volunteer support to a variety of nonprofit groups to help the homeless, mentally challenged and needy families.
Sussex Bancorp Announces Preliminary Approval to Participate in the US Department of Treasury Capital Purchase Program
FRANKLIN, N.J., Dec. 23, 2008 (GLOBE NEWSWIRE) -- Sussex Bancorp (Nasdaq:SBBX), parent company of Sussex Bank, announced today that it received preliminary approval from the US Department of Treasury (Treasury) to sell $9,989,000 in preferred stock to Treasury under the Treasury's Capital Purchase Program. As part of the transaction, the Company will issue warrants to Treasury to purchase approximately 279,543 shares of common stock of the Company. The exercise price of the warrant will be $5.27, based on the average closing price of the Company's stock for the 20 trading days ending December 8, 2008. The Treasury's preliminary approval requires that the Company consummate the transaction within 30 days of the approval date. The Company has scheduled a special shareholders meeting for early January to approve an amendment to its certificate of incorporation to provide for authorized preferred stock.