$PCBK (Pacific Continental Corp.)

$PCBK {{ '2016-09-07T06:58:29+0000' | timeago}} • Announcement

$PCBK reported that Foundation Bancorp Vice Chairman Duane Woods and Interim CEO Thomas Ellison have been appointed to the BoDs of $PCBK and Pacific Continental Bank. D.A. Davidson was $PCBK's financial adviser in this transaction and Keefe, Bruyette & Woods served as Foundation Bancorp's financial adviser.

$PYPL {{ '2017-07-26T22:38:44+0000' | timeago}} • Announcement

$PYPL announced a partnership with $BAC which will enable Bank of America customers to transact with PayPal in stores and seamlessly link their Bank of America cards into PayPal. Bank of America cards will be tokenized for customers wishing to use PayPal for in-store purchases, across MasterCard and Visa portfolios in the US.

$VLY {{ '2017-07-26T17:26:37+0000' | timeago}} • Announcement

$VLY to acquire USAmeriBancorp, Inc. The company expects the merger to be a non-taxable transaction. Post transaction USAmeriBancorp will change its name to Valley National Bank in its Florida and Alabama locations.The combined company is expected to have approx. $28Bil in assets, $21Bil in loans, $21Bil in deposits.

$VLY {{ '2017-07-26T17:22:46+0000' | timeago}} • Announcement

$VLY to acquire USAmeriBancorp, Inc. for an estimated transaction value of $816MM based on $VLY's closing stock price as on July 25, 2017. As per the agreement, USAmeriBancorp common shareholders will receive 6.1 shares of Valley common stock for each USAmeriBancorp share they own. The acquisition is expected to close early in 1Q18.

$VLY {{ '2017-07-26T17:07:55+0000' | timeago}} • Announcement

$VLY has commenced a public offering of its non-cumulative perpetual preferred stock. Valley intends to use the net proceeds from this offering for general corporate purposes and investments in Valley National Bank as regulatory capital.

$BAC {{ '2017-07-26T15:49:41+0000' | timeago}} • Announcement

$BAC declared a regular quarterly cash dividend on its common stock of $0.12 per share, payable Sept 29, to shareholders as of Sept 1. $BAC also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, which is payable Oct 25 to shareholders as of Oct 11.

$STL {{ '2017-07-26T15:37:56+0000' | timeago}} • Announcement

Banking firm $STL has appointed Luis Rivera as VP and Associate Managing Director of its Attorney Services Group. Rivera will report to Attorney Services Group Team Leader, Larry McElroen. Most recently, Rivera served as Executive Director of the Westchester County Bar Association. Earlier, he had served as an independent legal consultant.

$STL {{ '2017-07-25T21:03:45+0000' | timeago}} • Infographic

$STL has declared a quarterly cash dividend of $0.07 per share. The dividend is payable on August 21, 2017, to holders of record as of August 7, 2017.

$UCBI {{ '2017-07-24T13:58:53+0000' | timeago}} • Announcement

$UCBI announced the addition of Clayton Summers to its lending team to focus on the renewable energy sector. The Renewable Energy lending team will be part of Commercial Banking Solutions, formerly known as Specialized Lending.

$USB {{ '2017-07-20T15:19:04+0000' | timeago}} • Webcast

$USB reported a 5.9% increase in its net interest income of $3Bil. Net interest margin rose 1 basis point to 3.04%, in-line with the guidance. This increase was mainly due to the increase in interest rates.

$USB {{ '2017-07-20T15:11:46+0000' | timeago}} • Webcast

$USB posted a 2Q17 earnings rise, helped by solid loan growth and an uptick in net interest margin. Loans grew 0.9% from 1Q17. Based on the current trends, the bank expects 3Q17 total loan growth to be in the range of 1-5%

$KEY {{ '2017-07-20T12:23:26+0000' | timeago}} • Infographic

$KEY KeyCorp Earnings AlphaGraphics: Q2 2017 highlights

$KEY {{ '2017-07-20T11:32:08+0000' | timeago}} • Announcement

$KEY's income from continuing operations attributable to shareholders rose 103.6% to $393MM in 2Q17. Common Equity Tier 1 ratio for the quarter was 9.97 and net interest margin from continuing operations was 3.30%.

$KEY {{ '2017-07-20T11:29:18+0000' | timeago}} • Announcement

With net attributable income in 2Q17 almost doubling to $398MM or $0.37 per share from last year's $196MM or $0.23 per share, $KEY posted a rise in total revenue to $1.64Bil from $1.08Bil.

$CHFC {{ '2017-07-19T21:15:10+0000' | timeago}} • Announcement

$CHFC BoD declared a 3Q17 dividend on its common stock of $0.29 per share. The dividend will be payable on Sept. 15, 2017, to shareholders of record on Sept. 1, 2017.

$TREE {{ '2017-07-19T17:00:54+0000' | timeago}} • Announcement

$TREE promoted Sam Mischner to Chief Sales Officer and Head of Mortgage.  Previously, Mischner served as SVP, Sales and GM, Mortgage. In the newly-formed role of Chief Sales Officer and Head of Mortgage, Mischner will lead the company's sales strategy and operations.

$USB {{ '2017-07-19T14:14:20+0000' | timeago}} • Announcement

Financial services company $USB reported a 1.4% drop in its 2Q17 net attributable income mainly due to lower noninterest income. Net income fell to $1.58Bil from $1.52Bil during the prior year quarter. However, diluted EPS rose 2.4% to $0.85 from $0.83 during 2Q16. Revenue rose to $5.4Bil.

$USB {{ '2017-07-19T14:01:28+0000' | timeago}} • Infographic

$USB U.S. Bancorp Earnings AlphaGraphics: Q2 2017 highlights

$USB {{ '2017-07-19T12:19:59+0000' | timeago}} • Announcement

$USB posted net interest margin of 3.04% during 2Q17, which was 2 basis points higher than 2Q16. This was mainly due to the increased interest rates. Average total loans were up 3.4% over 2Q16.

$USB {{ '2017-07-19T12:15:47+0000' | timeago}} • Announcement

$USB received a boost from increase in interest rates by the Federal Reserve. Higher interest rates and loan growth resulted in 5.9% increase in net interest income to $3.1Bil during 2Q17. Noninterest income rose 2% mainly due to higher payment services revenue.

$BAC {{ '2017-07-18T18:18:01+0000' | timeago}} • Webcast

$BAC said it does not consider M&A as a capital strategy. It said the company has been grown organically by investing in cash major capabilities and hence, it does not want to be distracted by acquisitions.

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