latest news releases from the newsroom
PSB Group, Inc.
PSB Group, Inc. Announces Second-Quarter Earnings
MADISON HEIGHTS, Mich., July 18, 2006 (PRIMEZONE) -- PSB Group, Inc., (OTCBB:PSBG), the bank holding company for Peoples State Bank, a Michigan state-chartered bank with offices in Wayne, Oakland, Macomb and Genesee Counties, announced net income for the second quarter of 2006 was $938,000, or $.31 per average outstanding share, compared to $1,282,000, or $.42 per average outstanding share in the second quarter of 2005. Second quarter earnings for 2006 represent an increase of $203,000, more than 27%, over first quarter earnings in 2006. Earnings to date for the year 2006 totaled $1,673,000 or $.55 per average outstanding share, compared to $2,169,000 or $.72 per average outstanding share in 2005.
Aaron Rents, Inc.
Darrell Waltrip Slated to Drive No. 99 Aaron's Dream Machine At Martinsville Speedway
ATLANTA, July 18, 2006 (PRIMEZONE) -- Aaron's Sales and Lease Ownership and Michael Waltrip Racing are pleased to be a part of Darrell Waltrip's (D.W.) long-awaited return to the NASCAR Busch Series occurring this weekend at Martinsville Speedway. Since it has been slightly over a decade since Waltrip competed in the NASCAR Busch Series, Aaron's will run a special 'Another for a Brother' paint scheme to commemorate his return.
The Savannah Bancorp, Inc.
Savannah Bancorp Reports 5.9 Percent Second Quarter EPS Increase and Declares Regular Quarterly Dividend
SAVANNAH, Ga., July 18, 2006 (PRIMEZONE) -- The Savannah Bancorp, Inc. (Nasdaq:SAVB) reported net income for the second quarter 2006 of $2,538,000, up 16 percent from $2,184,000 in the second quarter 2005. Net income per diluted share was $0.54 compared to $0.51 per diluted share in the second quarter of 2005, an increase of 5.9 percent. Earnings growth moderated in the second quarter due to higher than anticipated startup costs in Harbourside Community Bank and a slight net interest margin decline from the first quarter 2006. The margin decline resulted from faster deposit repricing in a very competitive market and slower loan growth than anticipated.