latest news releases from the newsroom
Union Bankshares, Inc.
Union Bankshares Announces Fourth Quarter and Year Ended December 31, 2008 Earnings and Quarterly Dividend Payment
MORRISVILLE, Vt., Jan. 21, 2009 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (Nasdaq:UNB) today announced net income for the fourth quarter of 2008 was $1.34 million or $.30 per share compared to $1.51 million or $.34 per share for 2007. Net income for the year ended December 31, 2008 was $5.11 million or $1.14 per share compared to $5.66 million or $1.25 per share for the same period in 2007. Results for 2008 reflect a year to year decrease in net interest income of $501 thousand or 2.8%. The loan portfolio grew $35.1 million or 11% which caused an increase of $70 thousand in the loan loss provision. There was a writedown of $512 thousand in the third quarter on two available-for-sale investments in corporate bonds due to impairment in value. And, there was an increase in other expenses partially offset by an increase in trust and fee income, an increase in tax exempt income from life insurance and a reduction in the provision for federal income taxes.
First Advantage Bancorp
First Advantage Bancorp Announces Quarterly Cash Dividend
CLARKSVILLE, Tenn., Jan. 21, 2009 (GLOBE NEWSWIRE) -- First Advantage Bancorp (the "Company") (Nasdaq:FABK), today announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per outstanding share of common stock. The dividend will be paid on or about February 16, 2009 to stockholders of record as of the close of business on February 2, 2009.
Health Benefits Direct Corporation
Health Benefits Direct Closes $4 Million Private Placement
RADNOR, Pa., Jan. 21, 2009 (GLOBE NEWSWIRE) -- Health Benefits Direct Corporation (OTCBB:HBDT), a leading technology innovator and software provider for the administration, marketing and distribution of a wide range of health and life insurance and related products, today announced it has closed on a $4 million private placement of preferred stock and warrants to The Co-Investment Fund II LP. The Company plans to use the net proceeds from the private placement for working capital purposes.
BGC Partners, Inc.
BGC Partners to Host Investors and Analysts On Friday, April 3, 2009
NEW YORK, Jan. 21, 2009 (GLOBE NEWSWIRE) -- BGC Partners, Inc. (Nasdaq:BGCP), a leading global inter-dealer broker of financial instruments, announced today that it will host analysts and professional investors for a half-day on Friday, April 3, 2009.
Whitestone REIT Enters Chicago Market Through Acquisition of Upscale Mixed-Use Property; Chairman Makes Substantial Investment in REIT
HOUSTON, Jan. 21, 2009 (GLOBE NEWSWIRE) -- Whitestone REIT, a public, non-traded community business center real estate investment trust, today announced that Midwest Development Venture IV ("MDV IV"), an Illinois limited partnership controlled by James C. Mastandrea, Whitestone's Chairman and CEO, has invested approximately $3.6 million in the Company through a transfer of equity in Spoerlein Commons, a commercial retail/office property located in Buffalo Grove, Illinois, a Chicago suburb. Mr. Mastandrea is the majority owner and controlling partner of MDV IV. The contribution of the property to Whitestone REIT Operating Partnership in exchange for partnership units fulfills Mastandrea's prior stated commitment to invest in Whitestone REIT.
The Children's Place, Inc.
The Children's Place Retail Stores, Inc. Announces Relocation of e-Commerce Business
SECAUCUS, N.J., Jan. 21, 2009 (GLOBE NEWSWIRE) -- The Children's Place Retail Stores, Inc. (Nasdaq:PLCE) today announced that it plans to relocate its rapidly growing e-commerce business from its Secaucus, New Jersey distribution center to the Company's Southeast distribution center in Fort Payne, Alabama in June 2009.
Sykes Enterprises, Inc.
Sykes Enterprises, Incorporated to Webcast Fourth-Quarter 2008 Financial Results
TAMPA, Fla., Jan. 21, 2009 (GLOBE NEWSWIRE) -- Sykes Enterprises, Incorporated ("SYKES" or the "Company") (Nasdaq:SYKE), a global leader in providing outsourced customer contact management solutions and services in the business process outsourcing (BPO) arena, announced today it will release financial results for the fourth-quarter ended December 31, 2008, on March 2, 2009, after the market close.