latest news releases from the newsroom
Christopher & Banks Corporation
Christopher & Banks Corporation Honors Teachers of Today and Tomorrow with New Scholarship Program
MINNEAPOLIS--In celebration of teachers, and the importance of education throughout our communities, Christopher & Banks is proud to announce the launch of the Christopher & Banks Teacher Scholarship Program. The unique new program will benefit not only undergraduate students currently pursuing a Bachelor's Degree in Education, but will also lend support to teachers seeking continuing education. In its first year, the program will award scholarships to 35 individuals who demonstrate a commitment to education.
Blue Dolphin Energy Company
Blue Dolphin Energy Company Reports Entering Into New Pipeline Transportation Agreements
HOUSTON, March 17, 2009 (GLOBE NEWSWIRE) -- Blue Dolphin Energy Company (Nasdaq:BDCO) ("Blue Dolphin"), an independent oil and gas company with operations in the Gulf of Mexico, announced today that its wholly-owned subsidiary, Blue Dolphin Pipe Line Company ("Company"), has entered into gas and condensate transportation and production handling agreements with a new producer/shipper to deliver production into the Blue Dolphin Pipeline system at the Company's Galveston Block 288C platform. Additionally, as a result of participation in development of the successfully drilled prospect, Blue Dolphin has earned an overriding royalty interest in the production. The Company expects production and transportation services to commence later this month or by early April. Throughput volumes are not yet known.
Louisiana Bancorp, Inc. Announces Stock Repurchase Program
METAIRIE, La., March 17, 2009 (GLOBE NEWSWIRE) -- Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that it has approved the purchase of 5%, or 272,008 shares, of its outstanding common stock. These shares may be acquired in the open market or privately negotiated transactions, as and when deemed appropriate by management over the next six months. There are currently 3,424 shares remaining to be repurchased under the Company's on-going third repurchase program and the Company expects that such third repurchase program will be completed within the week.
Coastal Banking Company
Coastal Banking Company Reports Fourth Quarter and Full Year 2008 Earnings
BEAUFORT, S.C., March 17, 2009 (GLOBE NEWSWIRE) -- Coastal Banking Company Inc. (OTCBB:CBCO), the holding company of CBC National Bank, which operates divisions including Lowcountry National Bank in Beaufort, S.C., and First National Bank of Nassau County in Fernandina Beach, Fla., reported a net loss of $4.9 million, or a loss of $1.93 per diluted share, for the quarter ended Dec. 31, 2008. This compares to net income of $777,490, or $0.29 in diluted earnings per share, in the fourth quarter of 2007.
National Interstate Corp.
National Interstate Corporation Extends Registration for Majority Shareholder and Chairman
RICHFIELD, Ohio, March 17, 2009 (GLOBE NEWSWIRE) -- National Interstate Corporation (Nasdaq:NATL) today filed a Registration Statement on Form S-3 for the shares held by Great American Insurance Company, its majority shareholder, and Alan Spachman, its Chairman, to renew the filing which expires April 6, 2009. Great American and Mr. Spachman own 52.6% and 12.3%, respectively, of the common shares outstanding.
PIMCO Municipal Advantage Fund
PIMCO Municipal Advantage Fund, Inc. Reports Results of Its 2009 Annual Meeting of Stockholders
NEW YORK, March 17, 2009 (GLOBE NEWSWIRE) -- PIMCO Municipal Advantage Fund, Inc. (NYSE:MAF) (the "Fund") reported the results of its 2009 Annual Meeting of Stockholders. The Annual Meeting to re-elect one Class III Director and to elect one Class II Director was held on February 26, 2009 and the Director nominees were elected by the required vote as described in the proxy statement dated February 4, 2009, a copy of which can be viewed at www.allianzinvestors.com. The proposal to liquidate and dissolve the Fund ("Liquidation Proposal") did not have sufficient votes to be approved and was adjourned to March 13, 2009. At the meeting held on March 13, 2009, the Liquidation Proposal passed with 50.976% of the outstanding common and preferred shares of the Fund voting in favor of liquidation, 8.111% voting against and 1.213% abstaining. Accordingly, the Plan of Liquidation and Dissolution (the "Plan") became effective as of the close of business on March 13, 2009 and the Fund will proceed to wind up its affairs, provide for the payments of any debts and liabilities, and reduce the remaining assets to distributable form.
First Business Financial Services
First Business Financial Services Surpasses $1 Billion in Assets and Announces Dividend
MADISON, Wis., March 17, 2009 (GLOBE NEWSWIRE) -- First Business Financial Services, Inc. (Nasdaq:FBIZ) announced the Corporation's total assets reached $1.011 billion at December 31, 2008, an increase of $92.3 million, or 10%, from December 31, 2007. Chief Executive Officer Corey Chambas commented, "This is a significant milestone for First Business Financial Services, Inc., and one that we set out to reach back in 2005 when we became a public company. We are one of only a few Wisconsin banking companies to exceed this benchmark, and we have done so exclusively through organic growth in only 18 years."