latest news releases from the newsroom
San Luis Trust Bank
San Luis Trust Bank Applies for TARP Funds
SAN LUIS OBISPO, Calif., Dec. 8, 2008 (GLOBE NEWSWIRE) -- The Board of Directors of San Luis Trust Bank (OTCBB:SNLS) recently approved the Bank's application for the U.S. Treasury TARP funds. The Board of Directors has not yet decided if they will accept the funds if approved. However, in order to be eligible, the Bank had to submit its application by December 8, 2008. Many banks will decide not to take the funds -- along with the additional governmental strings and requirements. Since San Luis Trust Bank is already considered to be "well-capitalized," accepting the TARP funds may be counter-productive to the long-run independence of the Bank. Within the next few weeks, the Board of Directors will make its final decision to either accept the TARP funds or withdraw its application.
Westinghouse Solar, Inc.
Akeena Solar to Present At the Barclays 2008 Global Technology Conference
LOS GATOS, Calif., Dec. 8, 2008 (GLOBE NEWSWIRE) -- Akeena Solar, Inc. (Nasdaq:AKNS), a leading designer and installer of solar power systems will be presenting at the Barclays Global Technology Conference on Tuesday, December 9, 2008. The conference will be held at The Fairmont San Francisco, 950 Mason Street, San Francisco, CA.
Layne Christensen Company
Layne Christensen Announces Change to Its Board of Directors
MISSION WOODS, Kan., Dec. 8, 2008 (GLOBE NEWSWIRE) -- Layne Christensen Company (Nasdaq:LAYN) announced today that Donald A. Miller has decided not to stand for re-election at the Company's next annual meeting of stockholders. Mr. Miller has served on the Board since December 1995 and is Chairman of the Audit Committee. Andrew B. Schmitt, President and CEO of Layne commented, "Don Miller has been, and continues to be, a major contributor to the growth and development of Layne. He is the primary reason for the 'Christensen' part of our name having been responsible for our merger with Christensen Boyles Corporation in 1995. For me personally, Don has been one of the most important individuals in my business career."