latest news releases from the newsroom
1st Pacific Bancorp
1st Pacific Bancorp Announces Definitive Agreement to Acquire Landmark National Bank
SAN DIEGO, Feb. 22, 2007 (PRIME NEWSWIRE) -- 1st Pacific Bancorp (OTCBB:FPBN), the parent company of 1st Pacific Bank of California, and Landmark National Bank (OTCBB:LMRK) today announced they have entered into a definitive agreement for the merger of Landmark National into 1st Pacific Bank, in a cash and stock transaction valued at approximately $24.6 million. The merger solidifies 1st Pacific as the largest, publicly traded community business bank headquartered in San Diego.
First Financial Bankshares, Inc.
First Financial Bankshares Added to Nasdaq Dividend Achievers Index
ABILENE, Texas, Feb. 22, 2007 (PRIME NEWSWIRE) -- First Financial Bankshares, Inc. (Nasdaq:FFIN) has been selected for the NASDAQ Dividend Achievers Index, which recognizes companies that have increased their annual regular dividend payments each year for at least the past 10 years. A total of 99 companies are included in the index. NASDAQ compiles the index jointly with Mergent, Inc., a provider of business and financial data on global publicly listed companies.
AmTrust Financial Services, Inc.
AmTrust Financial Services, Inc. Reports Record Fourth Quarter Net Income of $17.4 million
NEW YORK, Feb. 22, 2007 (PRIME NEWSWIRE) -- AmTrust Financial Services, Inc. (Nasdaq:AFSI) today reported net income of $17.4 million and revenues of $120.2 million for the fourth quarter 2006. For the year ended December 31, 2006 the Company reported net income of $48.9 million and revenues of $384.0 million. "We are very pleased with our fourth quarter and year-end financials, reflecting strong growth, a responsible underwriting philosophy and diligent cost controls," stated Barry Zyskind, president and chief executive officer.
Power Technology Inc.
77 Percent of Power Technology Shareholders Vote for New Share Authorization
HOUSTON, Feb. 22, 2007 (PRIME NEWSWIRE) -- Alternative energy company Power Technology (OTCBB:PWTC) reported today that 77% of all shareholders voted for the authorization of up to 750 million shares of the company's common stock. Additionally, the shareholders approved and ratified all share issuances in excess of 100 million shares which were previously authorized by the Board of Directors of Power Technology, Inc.