latest news releases from the newsroom
Sun American Bancorp
Sun American Bancorp Reports Second Quarter 2008 Results Showing Strong Core Growth
BOCA RATON, Fla., July 28, 2008 (PRIME NEWSWIRE) -- Sun American Bancorp ("Sun American") (Nasdaq:SAMB), the bank holding company for Sun American Bank, today reported a net loss of $2.5 million or $0.24 per diluted share, in the second quarter of 2008, compared to net income of $119,000, or $0.01 per diluted share, in the second quarter of 2007. For the six months ended June 30, 2008, the net loss was $2.5 million or $0.24 per diluted share, compared to net income of $216,000 or $0.02 per diluted share for the six months ended June 30, 2007.
BankFinancial Corporation Reports Second Quarter 2008 Financial Results and Filing of Quarterly Report On Form 10-Q and Quarterly Financial and Statistical Supplement With the Securities and Exchange Commission
BURR RIDGE, Ill., July 28, 2008 (PRIME NEWSWIRE) -- BankFinancial Corporation (Nasdaq:BFIN) ("BankFinancial") reported a net loss of $5.4 million for the second quarter of 2008, or $0.27 per share, which included a $6.7 million, or $0.34 per share, after-tax impairment charge on the preferred stocks of Freddie Mac, a government sponsored entity, that BankFinancial holds in its investment portfolio. BankFinancial's net loss for the six months ended June 30, 2008, was $2.2 million, or $0.11 per share, compared to net income of $4.0 million, or $0.19 per share, for the six months ended June 30, 2007. The net loss for the six months ended June 30, 2008 included the above impairment charge.
Kentucky Energy, Inc.
Quest Announces Teleconference Update Dial-In Instructions
PATERSON, N.J., July 28, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy and mineral related properties, is pleased to announce dial-in instructions for its upcoming teleconference update scheduled for Tuesday, July 29, 2008 at 2PM ET
Sun Bancorp, Inc.
Sun Bancorp, Inc. to Sell 6-Branch Delaware Retail Network to WSFS Financial Corporation
VINELAND, N.J., July 28, 2008 (PRIME NEWSWIRE) -- Sun Bancorp, Inc. (Nasdaq:SNBC) announced today that its primary subsidiary, Sun National Bank, entered into a definitive agreement to sell its six branch offices located in Delaware to Wilmington Savings Fund Society, FSB, the principal subsidiary of WSFS Financial Corporation (Nasdaq:WSFS).
Baxano Surgical, Inc.
TranS1 Inc. Schedules Second Quarter 2008 Earnings Release and Conference Call for Thursday, July 31, 2008
WILMINGTON, N.C., July 28, 2008 (PRIME NEWSWIRE) -- TranS1 Inc. (Nasdaq:TSON) announced today that it plans to release second quarter 2008 financial results after market close on Thursday, July 31, 2008. Rick Randall, President and Chief Executive Officer of TranS1, and Mike Luetkemeyer, Chief Financial Officer, will host a conference call starting at 4:30 pm EDT on the same day. The call will be concurrently webcast. To listen to the conference call on your telephone, please dial 877-440-5784 for domestic callers and 719-325-4943 for international callers approximately ten minutes prior to the start time. To access the live audio broadcast or the subsequent archived recording, visit the TranS1 Web site at http://www.trans1.com under the investor relations section.
Solutia Announces Second Quarter 2008 Results
ST. LOUIS, July 28, 2008 (PRIME NEWSWIRE) -- Solutia Inc. (NYSE:SOA) today reported net sales of $1,095 million for the second quarter of 2008, a 20% increase over net sales of $911 million for the same period in 2007. Approximately 8% of this increase is attributable to the consolidation of Flexsys sales beginning on May 1, 2007, following Solutia's acquisition of the remaining 50% share of its former joint venture. On a pro forma basis, adjusting 2007 second quarter sales to include Flexsys, sales increased 14% over the prior year.
WSFS Financial Corporation
WSFS Bank to Acquire Delaware Branch Network From Sun National Bank
WILMINGTON, Del., July 28, 2008 (PRIME NEWSWIRE) -- WSFS Bank, a subsidiary of WSFS Financial Corporation (Nasdaq:WSFS), announced today that it has signed a definitive agreement with Sun National Bank, the primary subsidiary of Vineland, NJ-based Sun Bancorp, Inc. (Nasdaq:SNBC), for WSFS Bank to acquire all six Sun National Bank's Delaware branches.