latest news releases from the newsroom
Centennial Bank Holdings, Inc. Announces Third Quarter 2007 Financial Results
DENVER, Oct. 30, 2007 (PRIME NEWSWIRE) -- Centennial Bank Holdings, Inc. (Nasdaq:CBHI) today reported third quarter 2007 net income of $1.5 million, or $0.03 per basic and diluted share, compared to third quarter 2006 net income of $5.8 million, or $0.10 per basic and diluted share. The decrease in third quarter 2007 net income as compared to the same period last year is primarily due to a $6.5 million increase in the provision for loan losses. Excluding after-tax intangible asset amortization of $1.3 million, third quarter 2007 cash net earnings were $2.8 million, or $0.05 per basic and diluted share, compared to third quarter 2006 cash net earnings of $7.6 million, or $0.13 per basic and diluted share.
QueCentral.com Website Provides Internet Protection; Safe Shopping Links Support Charities
SEATTLE, Oct. 30, 2007 (PRIME NEWSWIRE) -- QueCentral.com is a new website service for everyday Web users that provides free and convenient security for internet browsing, searching and shopping. It is the brainchild of local internet-security professional Tony Luque. By entering the Worldwide Web through QueCentral's website internet portal, users can access trusted online stores and merchants, safeguard their families, and discover fun and interesting websites -- all from one place. Additionally, use of the QueCentral.com safe shopping links supports a variety of charitable causes. Use of QueCentral.com is free and requires no user registration.
Northrop Grumman Corp.
Northrop Grumman's Defense Support Program Wins 2007 Aviation Week Program Excellence Award
REDONDO BEACH, Calif., Oct. 30, 2007 (PRIME NEWSWIRE) -- Northrop Grumman Corporation's (NYSE:NOC) Defense Support Program (DSP) has been awarded the 2007 Aviation Week Program Excellence Award in the Production/Sustainment category. The award is presented annually to identify and recognize best practices in program leadership, encompassing the full range of responsibility and commitment required to develop, execute and build on the base of complex aerospace and defense programs.
Community Shores Bank Corporation
Community Shores Reports Third Quarter 2007 Earnings
MUSKEGON, Mich., Oct. 30, 2007 (PRIME NEWSWIRE) -- Community Shores Bank Corporation (Nasdaq:CSHB), Muskegon's only locally-headquartered independent community banking organization, today reported a net loss of $103,000, or $0.07 per diluted share, for the third quarter of 2007 compared with net income of $363,000, or $0.25 per diluted share, for the third quarter of 2006, and $18,000, or $0.01 per diluted share, reported in the second quarter of 2007. Nine months year-to-date, earnings were $143,000, and $0.10 per diluted share, compared with $1.07 million and $0.73 per share for the prior-year nine-month period. Year-over-year results reflect strong loan growth, offset by the impact of margin compression, deteriorating asset quality, and increased noninterest expense due to branch expansion activities.