latest news releases from the newsroom
Because of His Sweet Jennifer -- Author K.R. Spencer Weaves a Touching Tale of Endurance, Willpower, and Love
MEMPHIS, Tenn., Oct. 16, 2008 (GLOBE NEWSWIRE) -- Challenges, hardships, and tests do not mean that God has abandoned you; they only means that God knows how strong you are even in times of adversity. Sometimes, you just have to find the spark of light at the end of the tunnel. Discover how Patrick overcomes all his trials in this poignantly emotive and heartrending story by author K.R. Spencer. Let My Sweet Jennifer touch your heart and give you hope.
BILIA APPOINTS LIQUIDITY GUARANTOR
Bilia AB (publ) has entered into an agreement with HQ Bank AB as a result of
which HQ Bank AB will act as a liquidity guarantor for the company’s shares
within the framework of the OMX Nordic Exchange Stockholm AB’s system for
liquidity guarantees, starting on 17 October 2008. A liquidity guarantee is
designed to promote the liquidity of shares.
In short, this agreement means that the liquidity guarantor sets the purchase
and sale price for Bilia’s Series A shares and guarantees to purchase a
Yadkin Financial Corporation
Crescent Financial Corporation Announces Third Quarter Results
CARY, N.C., Oct. 16, 2008 (GLOBE NEWSWIRE) -- Crescent Financial Corporation (Nasdaq:CRFN), parent company of Crescent State Bank headquartered in Cary, North Carolina, announced unaudited net income for the three months ended September 30, 2008 of $746,000 compared to net income of $1,563,000 for the prior year period. Diluted earnings per share for the current three-month period was $.08 compared to $.16 for the third quarter of 2007. Return on average assets and return on average equity for the period were 0.31% and 3.12%, respectively compared with 0.79% and 7.04% for the prior year period. Earnings were impacted by continued net interest margin compression resulting from the lower interest rate environment along with an increase in provision for loan losses.