latest news releases from the newsroom
MSB Financial Corp.
MSB Financial Corp. Announces the Results for Its Fiscal Year Ended June 30, 2008
MILLINGTON, N.J., Aug. 21, 2008 (GLOBE NEWSWIRE) -- MSB Financial Corp. (Nasdaq:MSBF) (the "Company"), the holding company for Millington Savings Bank (the "Bank"), reported net income of $612,000 for its fiscal year ended June 30, 2008 as compared to net income of $1.3 million for fiscal 2007. The decrease in net income was primarily attributable to the sale of the Bank's former main office site in February 2007 which generated $1.0 million in pre-taxable income for the Company.
Alta Mesa Holdings, LP
Meridian Reports Test Results of Goodrich-Cocke No. 6 Well in Weeks Island Field
HOUSTON, Aug. 21, 2008 (GLOBE NEWSWIRE) -- The Meridian Resource Corporation (NYSE:TMR) today announced initial production test results on its Goodrich-Cocke No. 6 well, located in Iberia Parish in the Weeks Island Field. The well was sidetracked to approximately 8,500 feet measured depth and logged approximately 100 feet of overall prospective oil pay in the Miocene sand section. The well was tested at a gross daily flow rate of up to 2,500 barrels of oil per day, although state production allowables dictate that the well will be limited to 800 barrels per day. The well will now be turned over to the Production Operator, who we expect will turn the production into sales within the next week. This well is part of a significant package of exploitation projects in the Weeks Island Field that the Company will continue to pursue. Meridian owns approximately 63% working interest (50% net) in the Goodrich-Cocke well.
North American Galvanizing & Coatings, Inc.
North American Galvanizing & Coatings Announces a 4 for 3 Stock Split Effected Through a Stock Dividend, Increases Stock Buyback Authorization, and Introduces Direct Stock Purchase Plan
TULSA, Okla., Aug. 21, 2008 (GLOBE NEWSWIRE) -- North American Galvanizing & Coatings, Inc. (Nasdaq:NGA), a provider of hot-dip galvanizing and coatings services, announced today that its Board of Directors declared a 4 for 3 stock split of its common stock in the form of a stock dividend. The stock dividend is payable on September 14, 2008 to shareholders of record as of August 31, 2008. The stock dividend entitles each shareholder of record as of August 31, 2008 to receive one share of common stock for each three shares then owned. The value of any fractional shares resulting from the stock split will be paid in cash based on the closing market price of the common stock on the record date.
MSB Financial Corp.
MSB Financial Corp. Announces Stock Repurchase Program
MILLINGTON, N.J., Aug. 21, 2008 (GLOBE NEWSWIRE) -- MSB Financial Corp. (Nasdaq:MSBF) (the "Company"), the holding company for Millington Savings Bank (the "Bank"), announced today that its Board of Directors has authorized a stock repurchase program pursuant to which the Company intends to repurchase up to 5% of its outstanding shares (excluding shares held by MSB Financial, MHC, the Company's mutual holding company), representing up to 120,140 shares. The timing of the repurchases will depend on certain factors, including but not limited to, market conditions and prices, the Company's liquidity requirements and alternative uses of capital. Any repurchased shares will be held as treasury stock and will be available for general corporate purposes.