latest news releases from the newsroom
Bank of Virginia
Bank of Virginia Announces Second Quarter and Year-to-Date Earnings
MIDLOTHIAN, Va., July 22, 2008 (PRIME NEWSWIRE) -- Frank Bell, III, President and Chief Executive Officer of Bank of Virginia (Nasdaq:BOVA) (www.bankofva.com) announced the Bank's second quarter 2008 financial performance today. The Bank reported a profit of $56 thousand or $0.02 cents per basic and diluted earnings per share. The 2nd Quarter 2008 results compare favorably with the $89 thousand operating loss reported at March 31, 2008. In addition, total assets increased 6.4%, growing from $184.0 million at year-end 2007 to $195.7 million as of June 30, 2008.
Legacy Reserves LP
Legacy Reserves LP Announces Increase in Quarterly Cash Distribution
MIDLAND, Texas, July 22, 2008 (PRIME NEWSWIRE) -- Legacy Reserves LP (Nasdaq:LGCY) today announced that the board of directors of its general partner has approved a cash distribution attributable to the second quarter of 2008 of $0.52 per unit, payable on August 14, 2008 to unitholders of record at the close of business on August 1, 2008. This increased quarterly distribution represents an annualized distribution of $2.08 per unit. This quarterly distribution of $0.52 per unit represents a $0.03, or a 6.1%, increase over the quarterly distribution paid with respect to the previous quarter and is the fifth consecutive increase in quarterly distribution since Legacy's IPO in January of 2007.
Ambassadors Group, Inc
Ambassadors Group Reports Results for the Second Quarter of 2008
SPOKANE, Wash., July 22, 2008 (PRIME NEWSWIRE) -- Ambassadors Group, Inc. (Nasdaq:EPAX), a leading provider of educational travel experiences, announced $0.89 fully diluted per share earnings for the quarter ended June 30, 2008, a 15 percent decrease over $1.05 fully diluted per share earnings for the same period one year ago. Net income for the second quarter of 2008 was $17.2 million, compared to $20.9 million for the second quarter of 2007. Comparing the six months ended June 30, 2008 and 2007, fully diluted per share earnings decreased 24 percent to $0.60 in 2008 from $0.79 in 2007, and net income decreased to $11.7 million in 2008 from $16.0 million in 2007.
Gencor Industries, Inc.
Gencor Added to Russell Microcap Index
ORLANDO, Fla., July 22, 2008 (PRIME NEWSWIRE) -- Gencor Industries, Inc (the "Company") (Nasdaq:GENC) today announced it has been added to the Russell Microcap Index after the Russell Investment Group reconstituted its comprehensive set of U.S. and global equity indexes on June 27, 2008.
SB Financial Group
Rurban Financial Corp. Announces Extension of Stock Repurchase Program
DEFIANCE, Ohio, July 22, 2008 (PRIME NEWSWIRE) -- Rurban Financial Corp. (Nasdaq:RBNF) (the "Company"), a leading provider of full-service community banking, investment management, trust services, and bank data and item processing, announced that its Board of Directors has authorized an extension to the stock repurchase program for an additional twelve months. The original stock repurchase program was announced in April, 2007 for fifteen months authorizing purchase of 250,000 common shares, or approximately 5% of the Company's outstanding common shares. The Company currently has purchased 113,500 of the 250,000 with 136,500 shares remaining. Under the repurchase program, the remaining 136,500 common shares will be repurchased from time-to-time in the open market or in privately negotiated transactions in accordance with applicable federal and state securities laws and regulations. The extent to which the company repurchases its common shares and the timing of such repurchases will depend upon stock price, general economic and market conditions and other corporate considerations. The repurchase program may be suspended at any time.
Nalco Names Flitman Executive Vice President
NAPERVILLE, Ill., July 22, 2008 (PRIME NEWSWIRE) -- Nalco Company (NYSE:NLC), the leading global provider of integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications, announced today that, effective Aug. 19, David E. Flitman will join the Company as Executive Vice President of Nalco and President of Nalco's Industrial and Institutional Services Division.
Express Scripts, Inc.
Express Scripts Completes Acquisition of Medical Services Company's Pharmacy Services Division
ST. LOUIS, July 22, 2008 (PRIME NEWSWIRE) -- Express Scripts announced today the closing of its acquisition of the workers' compensation pharmacy benefit management (PBM) business of privately held Medical Services Company (MSC) from Monitor Clipper Partners, a private equity investment firm. Express Scripts is one of the nation's leading managers of pharmacy benefits for employers, governments, unions and managed care plans.
Alliance Bancorp, Inc. of Pennsylvania
Alliance Bancorp, Inc. of Pennsylvania Reports Second Quarter Results and Regular Quarterly Cash Dividend
BROOMALL, Penn., July 22, 2008 (PRIME NEWSWIRE) -- Alliance Bancorp, Inc. of Pennsylvania (the "Company") (Nasdaq:ALLB) announced today results for the quarter ended June 30, 2008. The Company also announced that its Board of Directors declared a regular quarterly cash dividend on the common stock of the Company of $.06 per share, payable on August 15, 2008 to the shareholders of record at the close of business on August 1, 2008.