latest news releases from the newsroom
First Horizon National Corporation
First Horizon Msaver and TSYS Healthcare to Lead Panel At HSA Symposium
OVERLAND PARK, Kan., Nov. 12, 2008 (GLOBE NEWSWIRE) -- E. Craig Keohan, president of First Horizon Msaver, Inc., and Mark O'Leary, senior vice president of business development for TSYS Healthcare, are scheduled to lead a panel at the upcoming Health Savings Account Symposium in Miami, Fla., on Nov. 13. Their discussion will focus on the "green" benefits, both financial and environmental, of implementing card-based healthcare programs.
First Advantage Bancorp
First Advantage Bancorp Announces Decision Not to Participate in the Treasury Department's Capital Purchase Program
CLARKSVILLE, Tenn., Nov. 12, 2008 (GLOBE NEWSWIRE) -- First Advantage Bancorp (the "Company") (Nasdaq:FABK), the holding company for First Federal Savings Bank (the "Bank"), announced today that its Board of Directors has determined not to participate in the Treasury Department's Capital Purchase Program (CPP), which is part of the broader Troubled Asset Relief Program (TARP) initiative. In November 2007, the Company raised net proceeds of $51.2 million from the sale of its common stock in connection with the Bank's conversion from the mutual to the stock form of organization. At September 30, 2008, the Bank's Tier 1 Core Capital ratio was 13.0% and its total risk based capital ratio was 22.8%. Additionally, First Advantage Bancorp has approximately $25.0 million in capital which is not included in the Bank's capital ratios. First Advantage Bancorp's common shareholders' equity to assets was 20.8% as of September 30, 2008.
Hallmark Financial Services, Inc.
Hallmark Financial Services, Inc. Announces Third Quarter 2008 Earnings Results
FORT WORTH, Texas, Nov. 12, 2008 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (Nasdaq:HALL) today reported net income of $0.6 million for the third quarter of 2008 compared to $6.8 million reported for the third quarter of 2007. Year to date, Hallmark reported net income of $15.3 million compared to $20.6 million reported for the first nine months of 2007. On a fully diluted basis, net income was $0.03 per share and $0.73 per share for the third quarter and nine months ended September 30, 2008, as compared to $0.33 per share and $0.99 per share for the similar periods of 2007. Total revenues were $65.0 million and $208.5 million for the third quarter and first nine months of 2008, representing a 10% decrease and a 2% increase from the $72.6 million and $205.3 million reported for the similar periods of 2007.
Spector Roseman Kodroff & Willis, P.C.
Spector, Roseman Kodroff & Willis, P.C. Announces the Filing of a Class Action Suit Against Cadence Design Systems -- CDNS
PHILADELPHIA, Nov. 12, 2008 (GLOBE NEWSWIRE) -- The law firm of Spector, Roseman Kodroff & Willis, P.C. announces that a securities class action lawsuit was commenced in the United States District Court for the Northern District of California, on behalf of purchasers of the common stock of Cadence Design Systems, Inc. ("Cadence" or the "Company") (Nasdaq:CDNS) between April 23, 2008 through October 22, 2008, inclusive (the "Class Period").
Pizza Inn, Inc.
Pizza Inn, Inc. Reports Results for First Quarter Fiscal Year 2009
THE COLONY, Texas, Nov. 12, 2008 (GLOBE NEWSWIRE) -- Pizza Inn, Inc. (Nasdaq:PZZI) today reported net income of $293,000, or $0.03 per share, for the first quarter ended September 28, 2008, versus net income of $345,000, or $0.03 per share, for the first quarter of the prior fiscal year. Highlights for the first quarter included:
Coastal Banking Company
Coastal Banking Company Reports Third Quarter 2008 Earnings
BEAUFORT, S.C., Nov. 12, 2008 (GLOBE NEWSWIRE) -- Coastal Banking Company Inc. (OTCBB:CBCO), the holding company of CBC National Bank, which operates divisions including Lowcountry National Bank in Beaufort, S.C., and First National Bank of Nassau County in Fernandina Beach, Fla., reported net income of $250,669, or $0.10 per diluted share, for the quarter ended Sept. 30, 2008. This compares to net income of $384,143, or $0.14 in diluted earnings per share, in the third quarter of 2007.