latest news releases from the newsroom
Aastrom Biosciences, Inc.
Aastrom Reports Second Quarter Fiscal Year 2009 Financial Results
ANN ARBOR, Mich., Feb. 6, 2009 (GLOBE NEWSWIRE) -- Aastrom Biosciences, Inc. (Nasdaq:ASTM), a leading regenerative medicine company, today reported financial results for its second fiscal quarter ended December 31, 2008. The Company also reported several clinical and operational achievements since the beginning of the second fiscal quarter, including:
Jefferson Bancshares, Inc.
Jefferson Bancshares, Inc. Announces Earnings for the Three and Six Months Ended December 31, 2008
MORRISTOWN, Tenn., Feb. 6, 2009 (GLOBE NEWSWIRE) -- Jefferson Bancshares, Inc. (Nasdaq:JFBI), the holding company for Jefferson Federal Bank, announced net earnings for the quarter ended December 31, 2008 of $790,000, or $0.13 per diluted share, compared to a net loss of $176,000, or ($0.03) per diluted share, for the quarter ended December 31, 2007. For the six months ended December 31, 2008, net earnings were $1.3 million, or $0.22 per diluted share, compared to $258,000, or $0.04 per diluted share, for the comparable period in 2007. The 2008 results reflect the Company's acquisition of State of Franklin Bancshares, Inc., the parent company of State of Franklin Bank, a Tennessee chartered savings bank headquartered in Johnson City, Tennessee, (collectively, "State of Franklin") on October 31, 2008. Costs associated with the acquisition were approximately $11.8 million, consisting of 736,000 shares of Company common stock issued to former State of Franklin shareholders and $4.9 million in cash.
Mercer International Inc. Fourth Quarter and Fiscal Year End 2008 Conference Call to be Broadcast Over the Internet
NEW YORK, Feb. 6, 2009 (GLOBE NEWSWIRE) -- Mercer International (Nasdaq:MERC), (TSX:MRI.U) announced today that it intends to release its fourth quarter and full-year financial results for the period ended December 31, 2008 on Wednesday, February 11, 2009, after the close of the market. In conjunction with the release of its results, Mercer will host a conference call, which will be simultaneously broadcast live over the Internet. Jimmy S.H. Lee, Chairman and President, and David M. Gandossi, Executive Vice President, Chief Financial Officer and Secretary, will host the call on:
Monarch Community Bank
Monarch Community Bancorp Announces Receipt of CPP Funds From U.S. Treasury
COLDWATER, Mich., Feb. 6, 2009 (GLOBE NEWSWIRE) -- Monarch Community Bancorp, Inc., (Nasdaq:MCBF), the holding company for Monarch Community Bank, announced that on February 6, 2009 it was awarded and received a $6.785 million U.S. Treasury investment in exchange for 6,785 shares of Monarch Community Bancorp, Inc. preferred stock as part of the TARP Capital Purchase Program (CPP), a program designed to inject capital directly into healthy financial services institutions.
The Connecticut Bank and Trust Company
CBT Announces Results for Fourth Quarter of 2008
HARTFORD, Conn., Feb. 6, 2009 (GLOBE NEWSWIRE) -- The Connecticut Bank and Trust Company (Nasdaq:CTBC) ("CBT")" reported that the fourth quarter of 2008 included continued loan growth and improved results. Loans outstanding increased $12 million during the quarter and are up $39 million from a year ago. The loss in the quarter was $298,000, or $.08 per share, compared to a loss of $1.5 million, or $0.42 per share, for the quarter ended September 30, 2008 and a loss of $388,000 or $0.11 per share for the fourth quarter 2007.
Frozen Food Express Industries, Inc.
Frozen Food Express Industries, Inc. Announces CFO and CMO to Address BB&T Capital Markets 24th Annual Transportation Conference
DALLAS, Feb. 6, 2009 (GLOBE NEWSWIRE) -- Frozen Food Express Industries, Inc. (Nasdaq:FFEX) announced today that Ronald Knutson, Chief Financial Officer and John Hickerson, Chief Marketing Officer will jointly address the BB&T Capital Markets 24th Annual Transportation Services Conference in Coral Gables, FL on Thursday, Feb 12th, 2009 at 2:45 PM EST. The presentation will include a business overview of 2008 and the go forward strategies the company will deploy in 2009.