Day: July 29, 2024

German American Bancorp, Inc. and Heartland BancCorp Announce Definitive Merger Agreement

Written by Customer Service on July 29, 2024. Posted in Mergers And Acquisitions.

JASPER, Ind. and WHITEHALL, Ohio, July 29, 2024 (GLOBE NEWSWIRE) — German American Bancorp, Inc. (Nasdaq: GABC) (“German American”) and Heartland BancCorp (OTCQX: HLAN) (“Heartland”) jointly announced today that they have entered into a definitive agreement to merge Heartland into German American. Upon completion of the transaction, Heartland’s subsidiary bank, Heartland Bank, will be merged into German American’s subsidiary bank, German American Bank, and operate under a co-branded name within the Ohio markets. Under the terms of the definitive agreement, Heartland shareholders, other than the Heartland retirement plan, will receive 3.90 shares of German American common stock for each share of Heartland common stock in an all-stock, tax-free exchange. The shares held by the Heartland retirement plan will be exchanged for an equivalent...

German American Bancorp, Inc. and Heartland BancCorp Announce Definitive Merger Agreement

Written by Customer Service on July 29, 2024. Posted in Mergers And Acquisitions.

Parker Agrees to Sell North America Composites & Fuel Containment Division

Written by Customer Service on July 29, 2024. Posted in Mergers And Acquisitions.

CLEVELAND, July 29, 2024 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced it has signed an agreement to divest its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners. With the completion of this transaction the company will have successfully divested businesses and product lines over the past three years that total nearly $450 million in annual sales. The transaction is subject to customary closing conditions. “One element of our strategy is assessing whether we are the best owner for certain businesses or whether they could be more successful as part of another organization,” said Chairman and Chief Executive Officer, Jenny Parmentier. “The CFC Division is a solid business with strong performance...

Sound Financial Bancorp, Inc. Q2 2024 Results

Written by Customer Service on July 29, 2024. Posted in Earnings Releases And Operating Results.

SEATTLE, July 29, 2024 (GLOBE NEWSWIRE) — Sound Financial Bancorp, Inc. (the “Company”) (Nasdaq: SFBC), the holding company for Sound Community Bank (the “Bank”), today reported net income of $795 thousand for the quarter ended June 30, 2024, or $0.31 diluted earnings per share, as compared to net income of $770 thousand, or $0.30 diluted earnings per share, for the quarter ended March 31, 2024, and $2.9 million, or $1.11 diluted earnings per share, for the quarter ended June 30, 2023. The Company also announced today that its Board of Directors declared a cash dividend on Company common stock of $0.19 per share, payable on August 23, 2024 to stockholders of record as of the close of business on August 9, 2024. Comments from the President and Chief Executive Officer “Modest increases in net income and earnings...

Heartland BancCorp Earns $5.1 Million, or $2.50 Per Diluted Share, in the Second Quarter of 2024; Declares Quarterly Cash Dividend of $0.759 Per Share

Written by Customer Service on July 29, 2024. Posted in Earnings Releases And Operating Results.

WHITEHALL, Ohio, July 29, 2024 (GLOBE NEWSWIRE) — Heartland BancCorp (“Heartland” and “the Company”) (OTCQX: HLAN), parent company of Heartland Bank (“Bank”), today reported net income increased 5.0% to $5.1 million, or $2.50 per diluted share, in the second quarter of 2024, compared to $4.8 million, or $2.39 per diluted share, in the second quarter of 2023, and remained relatively unchanged compared to $5.1 million, or $2.51 per diluted share, in the preceding quarter. In the first six months of 2024, net income increased 9.4% to $10.2 million, or $5.01 per diluted share, compared to $9.3 million, or $4.58 per diluted share, in the first six months of 2023. The company also announced that its board of directors declared a quarterly cash dividend of $0.759 per share. The dividend will be payable October 10, 2024, to shareholders...

Repligen Announces Agreement to Acquire Chromatography Innovator Tantti

Written by Customer Service on July 29, 2024. Posted in Mergers And Acquisitions.

Proposed acquisition adds novel macroporous chromatography base bead technology for downstream bioprocess applications Accelerates expansion into new modality markets with a unique, scalable purification solution Strongly synergistic with AVIPure® affinity ligands and OPUS® pre-packed chromatography columns WALTHAM, Mass., July 29, 2024 (GLOBE NEWSWIRE) — Repligen Corporation (NASDAQ:RGEN), a life sciences company focused on bioprocessing technology leadership, today announced that it has entered into a definitive agreement to acquire privately-held Tantti Laboratory Inc. (“Tantti”) of Taoyuan City, Taiwan. Tantti has developed a unique portfolio of macroporous chromatography beads to optimize the purification of new modalities including viral vectors, viruses, nucleic acids and other large molecule biologics. Tantti’s DuloCore®...

Northeast Bank Reports Fourth Quarter Results and Declares Dividend

Written by Customer Service on July 29, 2024. Posted in Public Companies.

PORTLAND, Maine, July 29, 2024 (GLOBE NEWSWIRE) — Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $15.1 million, or $1.91 per diluted common share, for the quarter ended June 30, 2024, compared to net income of $12.1 million, or $1.61 per diluted common share, for the quarter ended June 30, 2023. Net income for the year ended June 30, 2024 was $58.2 million, or $7.58 per diluted common share, compared to $44.2 million, or $5.96 per diluted common share, for the year ended June 30, 2023. The Board of Directors declared a cash dividend of $0.01 per share, payable on August 23, 2024, to shareholders of record as of August 9, 2024. “We reported strong results in our fourth fiscal quarter, supported by strong volume and yields in our National Lending Division,” said Rick Wayne,...

CPS to Host Conference Call on Second Quarter 2024 Earnings

Written by Customer Service on July 29, 2024. Posted in Public Companies.

Las Vegas, Nevada, July 29, 2024 (GLOBE NEWSWIRE) — Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Wednesday, July 31, 2024 at 1:00 p.m. ET to discuss its second quarter 2024 operating results. Those wishing to participate can pre-register for the conference call at the following link https://register.vevent.com/register/BI5a2c5e2c2a8946a5896de7685ccf8ea1**Markdig.Syntax.Inlines.HtmlEntityInline. Registered participants will receive an email containing conference call details for dial-in options. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the schedule start time. A replay will be available beginning two hours after conclusion of the call for 12 months via the Company’s website at https://ir.consumerportfolio.com/investor-relations. About...

Integrated Financial Holdings, Inc. Second Quarter Financial Results

Written by Customer Service on July 29, 2024. Posted in Earnings Releases And Operating Results.

RALEIGH, N.C., July 29, 2024 (GLOBE NEWSWIRE) — Integrated Financial Holdings, Inc. (OTCQX: IFHI) (the “Company” or “IFHI”), the financial holding company for West Town Bank & Trust (the “Bank”) and Windsor Advantage, LLC (“Windsor”), released its financial results for the three and six months ended June 30, 2024. Highlights from the 2024 second quarter results include the following: Second quarter 2024 net income of $605,000, or $0.26 per diluted share compared to second quarter 2023 net income of $3.6 million, or $1.60 per diluted share. Net interest income of $5.9 million for the second quarter of 2024 compared to $5.5 million for the same period in 2023. Noninterest expense of $8.2 million for the second quarters of 2024 and 2023. Return on average assets of 0.47% for the three-month period ending June 30, 2024, compared...

Renasant Corporation to Acquire The First Bancshares, Inc.

Written by Customer Service on July 29, 2024. Posted in Mergers And Acquisitions.

Announces Five-Year Community Benefit Plan TUPELO, Miss., July 29, 2024 (GLOBE NEWSWIRE) — Renasant Corporation (NYSE: RNST) (“Renasant”) and The First Bancshares, Inc. (“The First”) (NYSE: FBMS) jointly announced today that they have entered into a definitive agreement and plan of merger, pursuant to which The First will merge with and into Renasant (the “Merger”) in an all-stock transaction valued at approximately $1.2 billion, based on Renasant’s closing stock price as of July 26, 2024. The Merger has been approved unanimously by each company’s board of directors and is expected to close in the first half of 2025. Completion of the transaction is subject to customary closing conditions, including the receipt of required regulatory approvals and the approval of Renasant and The First shareholders. Headquartered in Hattiesburg,...

Day: July 29, 2024

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