latest news releases from the newsroom
FFD Financial Corporation
FFD Financial Declares Quarterly Dividend
DOVER, Ohio, July 17, 2007 (PRIME NEWSWIRE) -- FFD Financial Corporation (Nasdaq:FFDF) announced that on July 17, 2007, the Board of Directors declared a dividend of fourteen cents ($0.14) per share to shareholders of record on August 1, 2007, payable on August 15, 2007. The rate of $.14 per share represents a 16.7% increase over the dividend paid for the same period the prior year. This is the forty-sixth consecutive quarter FFD Financial Corporation has paid a dividend.
Riverview Bancorp, Inc.
Riverview Bancorp Reports Record First Quarter Profits of $2.8 Million, or $0.25 Per Diluted Share
VANCOUVER, Wash., July 17, 2007 (PRIME NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq:RVSB) today reported excellent core deposit growth and continued excellent credit quality for the first fiscal quarter of 2008 ended June 30, 2007. Net income for the quarter increased 8% to $2.8 million, or $0.25 per diluted share, compared to $2.6 million, or $0.23 per diluted share, in the first quarter of fiscal 2007. All per share data has been adjusted to reflect the August 2006 2-for-1 stock split.
SB Financial Group
Rurban Announces RDSI Signs Agreement With CBank
DEFIANCE, Ohio, July 17, 2007 (PRIME NEWSWIRE) -- Rurban Financial Corp. (Nasdaq:RBNF), a leading provider of full-service community banking, investment management, trust services and bank data and item processing, today announced its technology subsidiary, RDSI, has successfully signed a 60-month contract with CBank. CBank, based in Cincinnati, Ohio, commenced operations on July 16, 2007. The bank will primarily serve the business and private banking market segments in southwest Ohio and northern Kentucky.
The Savannah Bancorp, Inc.
Savannah Bancorp Reports 2.3 Percent Second Quarter EPS Increase and Declares Regular Quarterly Dividend
SAVANNAH, Ga., July 17, 2007 (PRIME NEWSWIRE) -- The Savannah Bancorp, Inc. (Nasdaq:SAVB) reported net income for the second quarter 2007 of $2,591,000, up 2.1 percent from $2,538,000 in the second quarter 2006. Net income per diluted share was 44 cents compared to 43 cents per diluted share in the second quarter of 2006, an increase of 2.3 percent. Second quarter 2007 earnings were up $280,000, or 12%, compared to first quarter 2007 earnings of $2,311,000. Prior period per share amounts have been restated to reflect the 5-for-4 stock split in December 2006.
Competitive Technologies, Inc.
Thomas Jefferson University Licenses Age-Related Memory Improvement Technology to Daeyang E&C
FAIRFIELD, Conn., July 17, 2007 (PRIME NEWSWIRE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that Thomas Jefferson University (Jefferson) has licensed a patent-pending technology designed to reduce age-related memory loss to Seoul, Korea-based Daeyang E&C, Inc. (KOSDAQ:033030). CTT will acquire U.S. distribution rights for the device incorporating this technology. Researchers at Jefferson, based in Philadelphia, conducted studies on the improvement of attention and concentration with Daeyang's modified MC Square device. As a result of these studies, Jefferson's researchers and Daeyang E&C jointly filed a patent to utilize the improved MC Square device as a method of treatment for age-related memory loss. Under the licensing agreement, Daeyang is granted exclusive commercial rights to the technology.
Oakley Announces Special Edition Artist Eyewear Series
FOOTHILL RANCH, Calif., July 17, 2007 (PRIME NEWSWIRE) -- Oakley, Inc. (NYSE:OO) today announced a new program of exclusive, limited-release eyewear that specifically targets young consumers on the cutting edge of music, art, fashion, digital media, and action sports. The Oakley Artist Eyewear Series is a focused extension of the company's "SQUARE O" collection and includes custom design treatments by artists, musicians and designers from around the world whose inspirational cues help to shape underground youth culture, lifestyle and trends. Named after the distinctive icon that signs it, the SQUARE O eyewear collection features unique Oakley designs that are inspired by the lifestyles of its athletes as well as their cultural influences including music, art and fashion.