latest news releases from the newsroom
State Bancorp, Inc.
State Bancorp, Inc. Announces Dividend Schedule
JERICHO, N.Y., June 26, 2007 (PRIME NEWSWIRE) -- The Board of Directors of State Bancorp, Inc. (Nasdaq:STBC), parent company of State Bank of Long Island (the "Bank"), announced a change in the Company's cash dividend schedule to a quarterly declaration during the first month of each calendar quarter. Based on present conditions, it is expected that a $0.15 per share cash dividend will be declared at the Board's regularly scheduled meeting on July 24. Since the Company recorded a net loss in 2005 following the issuance of the Island Mortgage jury verdict, the quarterly cash dividend has been on an irregular schedule due to advance approvals required from the New York State Banking Department, the Bank's primary regulator.
City National Bank
City National Bank Launches Nevada Cash Management Department
LAS VEGAS, June 26, 2007 (PRIME NEWSWIRE) -- City National Bank today announced that it has further increased its growing presence in Nevada by establishing a fully staffed and highly trained Cash Management Department to sell and service the bank's award-winning products and services. The cash management area of the bank will work very closely with the branches and lending areas to provide clients with its innovative, high-tech capabilities that can help clients improve cash flow, reduce expenses, increase efficiency, reduce fraud, and much more.
Federal Home Loan Bank of Dallas
FHLBank of Dallas Announces Second Quarter Dividend
DALLAS, June 26, 2007 (PRIME NEWSWIRE) -- The Board of Directors of the Federal Home Loan Bank of Dallas (Bank) has declared a dividend in the form of capital stock for the second quarter of 2007 at an annualized rate of 5.26 percent, which equates to the average effective federal funds rate for the first quarter of 2007. The second quarter dividend, applied to average capital stock held during the period from January 1, 2007 through March 31, 2007 and based upon operating results for that same period, will be paid on June 29, 2007.
Peoples Bancorp Reports Merger
AUBURN, Ind., June 26, 2007 (PRIME NEWSWIRE) -- Maurice F. Winkler III, President, announces that Peoples Bancorp (Nasdaq:PFDC) is making application to combine its two banks into one. First Savings Bank of Three Rivers, Michigan will merge with Peoples Federal Savings Bank of DeKalb County with Peoples Federal Savings Bank being the resulting bank. Pending approval of the Office of Thrift Supervision, the regulator for both banks, the merger should take place during the fall of this year. Jeff Gatton, President of First Savings Bank, stated "The merger of the two banks provides our customers with expanded services and more locations to conduct their business. The merger should provide enhanced value to our stockholders as well. Both banks will continue to be strong supporters of the communities they serve. We are excited about this merger and the enhancements it offers to our customers."