latest news releases from the newsroom
CommunitySouth Bank & Trust
CommunitySouth Announces Continued Strong Growth, Assets Grew 39.7 Percent Year-To-Date, Earnings Increased 34.0 Percent Year-To-Date
EASLEY, S.C., Oct. 25, 2007 (PRIME NEWSWIRE) -- CommunitySouth Financial Corporation (OTCBB:CBSO), parent company of CommunitySouth Bank & Trust, serving the Upstate of South Carolina, today announced that net income for the quarter ended September 30, 2007 was $459,731, or $0.09 per diluted share, compared to net income of $390,707, or $0.08 per diluted share, for the previous year third quarter, an increase of 17.7%.
Foundry Networks, Inc.
Foundry Networks Continues Its MPLS Leadership At the 10th Annual MPLS 2007 International Conference
SANTA CLARA, Calif. and WASHINGTON, Oct. 25, 2007 (PRIME NEWSWIRE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced that it is exhibiting and participating in two sessions on carrier Ethernet services and MPLS load sharing at the 10th annual MPLS 2007 International Conference in Washington, D.C. In addition to the technical sessions, Foundry will be exhibiting its award-winning NetIron(r) XMR 32000 backbone router and service provider infrastructure and solutions in Booth 102. MPLS 2007 will take place from Oct. 28 to 31, 2007 at the Omni Shoreham Hotel in Washington, D.C.
Carolina Bank Holdings, Inc.
Carolina Bank Holdings, Inc. Announces Third Quarter Results
GREENSBORO, N.C., Oct. 25, 2007 (PRIME NEWSWIRE) -- Carolina Bank Holdings, Inc. (Nasdaq:CLBH) today reported third quarter 2007 net income of $800,000, an increase of 1.3% from $790,000 reported for the third quarter of 2006 (after excluding a gain of $183,000 from the sale of a repossessed asset and a dividend distribution of $117,000 related to an investment in a limited partnership investment company, adjusted for taxes, in the 2006 period). Diluted earnings per share were $0.24 in the third quarter of 2007 compared to $0.23 in the third quarter of 2006, excluding the aforementioned income items, adjusted for taxes, in 2006. Net income was $974,000 and diluted earnings per share were $0.29 for the third quarter of 2006 including the aforementioned income items. Per share results were restated to reflect the impact of the six-for-five stock split in the second quarter of 2007.
IT Group Holdings Inc.
IT Group Holdings, Inc. Invites You to Join Its Investor Update Conference Call on Monday, October 29, 2007, 10:00 a.m. Eastern
LONDON, Oct. 25, 2007 (PRIME NEWSWIRE) -- IT Group Holdings, Inc. (OTCBB:ITGL) announced today that Fred Verkroost, Chairman of IT Group Holdings with his Executive Team will host a conference call on Monday, October 29, 2007 beginning at 10:00 a.m. EDT (7:00 a.m. PDT) to provide an investor update. The call will be open to any interested persons and may contain forward-looking information.
Banner Corporation Reports Third Quarter Profits of $10 Million; Loans Increase 25 Percent and Deposits Increase 31 Percent
WALLA WALLA, Wash., Oct. 25, 2007 (PRIME NEWSWIRE) -- Banner Corporation (Nasdaq:BANR), the parent company of Banner Bank and Islanders Bank, today reported that substantial loan and deposit growth, both internal and through acquisition, as well as a substantial net change in the value of financial instruments carried at fair value, contributed to higher third quarter profits. In the quarter ended September 30, 2007, net income was $10.0 million, or $0.64 per diluted share, compared to $8.0 million, or $0.65 per diluted share, in the third quarter of 2006. For the first nine months of this year, net income increased 3% to $24.9 million, or $1.73 per diluted share, compared to $24.2 million, or $1.98 per diluted share, in the first nine months of 2006.