latest news releases from the newsroom
Somerset Hills Bancorp
Somerset Hills Bancorp Selected to Participate in the U.S. Treasury's Capital Purchase Program; to Receive $7.4 Million Investment
BERNARDSVILLE, N.J., Jan. 20, 2009 (GLOBE NEWSWIRE) -- Somerset Hills Bancorp (Nasdaq:SOMH), the holding company for Somerset Hills Bank, announced today that it issued $7,414,000 in preferred stock to the U.S. Department of Treasury under the Treasury's Capital Purchase Program implemented under the Emergency Economic Stabilization Act of 2008. As part of the transaction, the Company also issued warrants to the Treasury to purchase 163,065 shares of common stock of the Company with an exercise price of $6.82.
Monogram Energy Inc.
Monogram Energy, Inc. Seeks Additional Oil Leases
RICHMOND, Texas, Jan. 20, 2009 (GLOBE NEWSWIRE) -- Monogram Energy, Inc. (Pink Sheets:MGRN) announced today that the Company is negotiating with Northamerican Energy Group, Inc. to acquire 3 oil leases comprising approximately 20 wells. These leases are in the Corsicana, Texas area, and occupy nearly 350 acres.