latest news releases from the newsroom
Cheviot Financial Corp.
Cheviot Financial Corp. Reports Second-Quarter Earnings
CINCINNATI, July 23, 2007 (PRIME NEWSWIRE) -- Cheviot Financial Corp. (Nasdaq:CHEV), the parent company of Cheviot Savings Bank, today reported net earnings in the second fiscal quarter of 2007 of $272,000, or $0.03 cents per share compared with net earnings of $406,000, or $0.04 cents per share for the second fiscal quarter of 2006. For the six months ended June 30, 2007 net earnings was $478,000, or $0.05 cents per share compared with net earnings of $867,000, or $0.09 cents per share for the six months ended June 30, 2006.
State Bancorp, Inc.
State Bank of Long Island Goes 'Green' Through Implementation of Environmentally Friendly Initiatives
JERICHO, N.Y., July 23, 2007 (PRIME NEWSWIRE) -- State Bank of Long Island announced today the implementation of several new initiatives that demonstrate the Bank's concern for the environment. The Bank will be changing its vehicle fleet, including those assigned to Bank executives, to advanced technology, high mileage, low emission hybrids. Hybrid vehicles combine a gasoline engine with a battery-powered electric motor that is less harmful to the environment by consuming less gas and producing significantly less pollution. The changeover has already begun and is expected to be completed over the next several months. In addition, the Bank's recently announced new midtown Manhattan location at 780 Third Avenue, scheduled to open in the fourth quarter, will be designed with electrical lighting and environmental controls that conserve power and maximize natural lighting. The office will also include materials and features that are designed to minimize resource consumption wherever feasible.