Investing Systems announced the results from Friday's scan of the market for the Stock Picker RT software.
Ladenburg Thalmann Financial Services Inc. (AMEX:LTS) today announced financial results for the first quarter ended March 31, 2008.
Citizens First Bancorp, Inc. (the "Company") (NASDAQ: CTZN), the holding company for Citizens First Savings Bank , today announced that it earned $1.6 million, or $.21 per basic share, for the quarter ended March 31, 2008, as compared to net income of $2.4 million, or $0.29 per basic share, for the quarter ended March 31, 2007. The Company's book value per share at March 31, 2008 and December 31, 2007 was $20.49 and $20.70, respectively.
The South Financial Group, Inc. (NASDAQ: TSFG) ("TSFG") completed its previously announced offering of 250,000 shares of mandatory convertible non-cumulative preferred stock with a purchase price and liquidation value of $1,000 per share. TSFG plans to use the net proceeds of approximately $239 million for general corporate purposes, including increasing its liquidity and overall capital position. On a pro forma basis reflecting the offering and as of March 31, 2008, TSFG's tangible equity to tangible asset ratio would be approximately 8.5%, and its tangible book value per share would be approximately $10.16.
A.M. Best Co. has downgraded the financial strength rating to C++ (Marginal) from B- (Fair) and issuer credit rating to "b" from "bb-" of AequiCap Insurance Company (AIC) (Fort Lauderdale, FL). The outlook for both ratings is negative.
Health Management Associates, Inc. (NYSE:HMA) announced today that its management will give a presentation at the Bank of America 2008 Healthcare Conference to be held May 13-15, 2008 at the Four Seasons Hotel in Las Vegas, Nevada.
Peachtree announces that it has recently renewed a $140 Million credit facility for the acquisition of structured legal settlement payments and annuities.
Ernst & Young LLP has announced the finalists for the 2008 Ernst & Young Florida Entrepreneur Of The Year. Award recipients will be revealed at the awards ceremony to be held on Thursday, June 5, 2008 at the Gaylord Palms Resort in Orlando.
FINRA announced today that it has fined GunnAllen Financial, Inc., of Tampa, FL $750,000 for its role in a trade allocation scheme conducted by the firm's former head trader, as well as for various Anti-Money Laundering (AML), reporting, record-keeping and supervisory deficiencies. Kelley McMahon, the former head trader's supervisor, was suspended for six months from association with any FINRA-registered firm in any principal capacity and fined $25,000, jointly and severally with the firm.
Curtis L. Lyman, President & CEO of Alpha Fiduciary Wealth Management, today announced that John E. (Jack) Kriss has joined the firm as Senior Vice President and Investment Advisor.
Capital markets are the lifeblood of the domestic and global economy. At the Institute of Management Accountants (IMA(R)) 89th Annual Conference and Exposition (June 14-18 in Tampa), David Hirschmann, senior vice president from the U.S. Chamber of Commerce will present "U.S. Competitiveness: A Global Perspective" to hundreds of finance and accounting professionals.
Prudential Capital Partners announced today that it has provided $25 million of mezzanine capital to Clockwork Home Services, Inc., headquartered in Sarasota, Fla., a company dedicated to improving the operations, efficiency, customer service and profitability of contractors in the home services industry in North America. Prudential Capital Group, sponsor of Prudential Capital Partners, L.P., is a private capital institutional investment business of Prudential Financial, Inc. (NYSE: PRU).
International Assets Holding Corporation (the "Company") (Nasdaq:IAAC) today announced that it intends to release its fiscal 2008 2nd Quarter results after the market close on May 12, 2008. In addition, the Company will host a conference call regarding its fiscal 2008 2nd Quarter results on May 13, 2008 at 4:30 p.m. Eastern Time, to review these results with the investment community. Shareholders and other interested parties are invited to participate in the call by dialing 1 (888) 615-7151 and requesting conference ID 40806894, International Assets fiscal 2008 2nd Quarter Earnings with host Scott Branch. The call will include a question and answer segment. Questions and answers will be limited to information directly relating to 2nd Quarter results.
The Florida Venture Forum is hosting its first annual 2008 Early Stage Venture Capital Conference on May 16th at the Omni ChampionsGate in Orlando, Florida. The conference is designed to bring sources of capital together with emerging growth companies across the state.
Noven Pharmaceuticals, Inc. (NASDAQ: NOVN) today announced its 2008 first quarter earnings release date. Separately, Noven also announced an upcoming investor presentation.
Templeton Global Income Fund (NYSE:GIM) today announced its regular monthly dividend from net investment income of $0.042 per share, payable on May 30, 2008 to shareholders of record on May 16, 2008 (Ex-Dividend Date: May 14, 2008).
Investing Systems announced the results from Friday's scan of the market for the Stock Picker RT software.
The shareholders of TIB Financial Corp. (Nasdaq:TIBB), holding company for TIB Bank, The Bank of Venice and Naples Capital Advisors, Inc., re-elected three directors to a two-year term through 2010 and elected one director to a one-year term through 2009 at its Annual Meeting of Shareholders held Tuesday, April 29th. The directors are: John G. Parks, Jr., CPA, President of John G. Parks, Jr., CPA, P.A. and a partner of Oropeza & Parks Certified Public Accountants, Marvin F. Schindler, Retired United States Army, Otis T. Wallace, Esquire, Mayor of Florida City and Howard B. Gutman, President of The Lutgert Companies, respectively.
Third graph, fourth sentence of release should read: A replay of the call will be available from 1:00 EDT on May 12 through 11:59 EDT on May 19 by calling toll-free (888) 286-8010 (domestic) or (617) 801-6888 (international). (sted A replay of the call will be available from 1:00 p.m. EDT on May 9 through 11:59 p.m. EDT on May 16 by calling toll-free (888) 286-8010 (domestic) or (617) 801-6888 (international).).
The South Financial Group, Inc. (NASDAQ:TSFG) ("TSFG" or the "Company") today announced a multi-tiered plan to strengthen its overall capital position. The plan is comprised of the issuance of approximately $250 million of mandatory convertible non-cumulative preferred stock by TSFG; the issuance of bank-level subordinated debt up to approximately $100 million following the closing of the preferred offering; and a reduction of TSFG's quarterly common stock cash dividend to $.01 per share. The additional capital will enhance TSFG's balance sheet and enable it to remain focused on executing its strategic objectives and delivering long-term shareholder value beyond this current credit environment.
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