Interest Rate Markets March 15, 2010
→ North Penn Bancorp, Inc. Reports Results for the Year Ended December 31, 2009
North Penn Bancorp, Inc. (the "Company") (OTC:NPBP) (BULLETIN BOARD: NPBP) , the holding company for North Penn Bank, announced results for the year ended December 31, 2009. The Company reported net income of $787,000 for the year ended December 31, 2009 as compared to $354,000 for the year ended December 31, 2008. This improvement is primarily attributable to higher net interest earnings, an insurance claim recovery relating to a loss recognized in 2008, lower non-interest expense and higher non-interest income. -- North Penn Bancorp, Inc.,Frederick L. Hickman,Scranton Pa. 03/13/2010
→ Marshall & Ilsley Corporation to Hold Annual Meeting of Shareholders on April 27, 2010
Paper Copies of Annual Report and Proxy Available On Request -- Marshall & Ilsley Corporation,Randy Erickson,Milwaukee Wisconson 03/13/2010
→ Credit News From Premier By Louis S. Barnes March 12, 2010
Long-term Treasury rates rose under pressure from constant borrowing, but mortgages did well, holding at 5.00% with lowest fees. Versus the 10-year T-note at 3.70%, that's the narrowest spread ever measured. -- Premier Mortgage Group, Inc,Lou Barnes,Boulder Co 03/12/2010
→ Hanley Investment Group Sells 99 Cents Only Anchored Shopping Center for $4,827,000 in Las Vegas
* * * -- Hanley Investment Group Real Estate Advisors,Anne Monaghan,LAS VEGAS NV 03/12/2010
→ Fannie Mae Prices New Issue 3-Year Benchmark Notes(r) due May 7, 2013
The following is being issued by Fannie Mae (NYSE:FNM) : -- HomePath,Katherine Constantinou,Washington 03/11/2010
→ Fannie Mae Announces Offering of New Issue 3-Year Benchmark Notes(r) due May 7, 2013
The following is being issued by Fannie Mae (NYSE:FNM) : -- HomePath,Katherine Constantinou,Washington 03/10/2010
→ Wikiloan Shareholder Update
WikiLoan, Inc. (OTC Bulletin Board: WKLI), a financial social network would like to present the history and progress of WikiLoan, Inc. to its shareholders. -- WikiLoan, Inc.,WikiLoan Inc.,Delray Beach Florida 03/10/2010
→ CD Leased Instrument Program Project Funding or PrivateTrading
Project Funding or PrivateTrading -- Atlantic Equity Partners LLC.,Reginald Ollison,Raleigh NC 03/10/2010
→ Proof Of Funds Escrow or Bank Account For Real Estate Transactions
Proof of funds supporting a commitment to fund your transaction. Some common uses of the service are the following: -- Atlantic Equity Partners LLC.,Reginald Ollison,Raleigh NC 03/10/2010
→ The Case Against the Destruction of a Free Market Sector of Our State`s Real Estate Industry: New York Taxpayers for Economic Justice Oppose Plans to Socialize the Title Insurance Industry
The New York Taxpayers for Economic Justice, Inc., representing a broad coalition of legal, real estate, and free market leadership throughout New York State, today announced their opposition to A9441-S6288, a bill in the New York State Legislature which directs the State Insurance Fund to begin offering title insurance, a class of insurance vastly different from the type of workers' compensation insurance for which the Fund was statutorily created. -- The New York Taxpayers for Economic Justice, Inc.,New York Taxpayers,New York 03/08/2010
→ Hanley Investment Group Hires Industry Veteran Patrick G. Kent as Senior Vice President
*** -- Hanley Investment Group Real Estate Advisors,Anne Monaghan,IRVINE CA 03/05/2010
→ Hudson City Bancorp, Inc. Announces That Hudson City Savings Bank Submits Application To Become A National Bank
Hudson City Bancorp, Inc. (NASDAQ:HCBK) , the holding company of Hudson City Savings Bank ("Hudson City"), announced today that Hudson City submitted an application to the Office of the Comptroller of the Currency (the "OCC") to convert from a federally chartered stock savings bank to a national bank. Hudson City Bancorp will shortly file an application with the Federal Reserve to become a bank holding company. Both Hudson City and Hudson City Bancorp are currently regulated by the Office of Thrift Supervision (the "OTS"). -- Hudson City Bancorp, Inc.,Susan Munhall,Paramus N.j. 03/05/2010
→ Community Central Bank Corporation Completes $4.225m Series B Stock Sale
City; TROY, Michigan -- Leonard & Company,Gayle L. McGarvah, 03/04/2010
→ Bankrate: Mortgage Rates Dip Down
Mortgage rates moved lower this week, with the average conforming 30-year fixed mortgage dipping to 5.12 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and origination points. -- Bankrate.com,Kayleen Yates,New York 03/04/2010
→ Emilio Botin Reaffirms Santander`s Commitment to Chile
Banco Santander President Emilio Botin is visiting Santiago with the aim of reaffirming Santander's commitment to Chile and its closeness to the bank's employees there. -- Banco Santander Chile,Robert Moreno,Santiago Chile 03/04/2010
→ Coreland Companies Negotiates Two Leases in Orange County Valued at $3 Million
* * * -- Coreland Companies,Anne Monaghan,TUSTIN CA 03/03/2010
→ Freddie Mac Prices New $5.5 Billion Three-Year Reference Notes(r) Security
Freddie Mac (NYSE:FRE) announced today that it priced its new 1.625% $5.5 billion three-year USD Reference Notes® security due on April 15, 2013. The issue, CUSIP number 3137EACJ6, was priced at 99.86 to yield 1.671%, or 31.5 basis points more than three-year U.S. Treasury Notes. The issue will settle on Thursday, March 4, 2010. -- Freddie Mac,Michael Cosgrove,Mclean Va. 03/03/2010
→ Iberiabank Corporation Announces Pricing of Common Stock Offering
IBERIABANK Corporation (NASDAQ:IBKC) , the holding company of the 122-year-old IBERIABANK and IBERIABANK fsb, announced the pricing of an underwritten public offering of 5,194,805 shares of the Company's common stock at a price to the public of $57.75 per share for gross proceeds of approximately $300 million. The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $286 million. The Company has granted the underwriters a 30-day option to purchase up to an additional 779,220 shares of the Company's common stock to cover over-allotments, if any. Goldman, Sachs & Co., and Keefe, Bruyette & Woods acted as joint bookrunning lead managers. Stifel Nicolaus & Company, Inc., Howe Barnes Hoefer & Arnett, Inc., Raymond James & Associates, Inc., and Robert W. Baird & Company acted as co-manager. -- IBERIABANK Corporation,Daryl G. Byrd,Lafayette La. 03/03/2010
→ Mortgage Rates Decline; Current 30-Year Fixed Rate is 4.80%, According to Zillow Mortgage Rate Ticker
The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.80 percent, down four basis points from 4.84 percent compared to this same time last week. The 30-year fixed mortgage rate peaked at 4.87 percent late last week before hovering below 4.80 percent over the weekend. -- Zillow,Katie Curnutte,Seattle 03/03/2010
→ Wells Fargo Announces National African American Media Tour
Multi-City Events Kick Off March 15 in Washington D.C. with Actor and Author Hill Harper -- Wells Fargo,Ronald E. Childs,Washington 03/03/2010
→ Oakdale Wealth Management on the Investor`s Quandary: Reading Washington`s Tea Leaves
Oakdale Wealth Management is releasing its monthly investment update. -- Oakdale Wealth Management,Laura M. Daly,Boston 03/03/2010
→ Freddie Mac Announces the Issuance of a New Three-Year Reference Notes(r) Security
Freddie Mac (NYSE:FRE) announced today that it plans to issue a new three-year USD Reference Notes® security, CUSIP number 3137EACJ6, due on April 15, 2013. The issue will be priced on Wednesday, March 3, 2010, and will settle on Thursday, March 4, 2010, at benchmark size. -- Freddie Mac,Michael Cosgrove,Mclean Va. 03/02/2010
→ Iberiabank Corporation Announces Proposed Public Offering of Common Stock
IBERIABANK Corporation (NASDAQ:IBKC) , the holding company of the 122-year-old IBERIABANK and IBERIABANK fsb (www.iberiabank.com), announced today that it has commenced an underwritten public offering of $300 million of its common stock. The underwriters will have a 30-day option to purchase up to an additional 15 percent of the offered amount of common stock from the Company, to cover over-allotments, if any. Goldman, Sachs & Co. and Keefe, Bruyette & Woods will serve as joint bookrunning lead managers. Stifel Nicolaus & Company, Inc., Howe Barnes Hoefer & Arnett, Inc., Raymond James & Associates, Inc., and Robert W. Baird & Company will act as co-managers. -- IBERIABANK Corporation,Daryl G. Byrd,Lafayette La. 03/02/2010
→ Valley Commerce Bancorp Reports 2009 Results
Valley Commerce Bancorp, (OTC:VCBP) (BULLETIN BOARD: VCBP) , a bank holding company and the parent company of Valley Business Bank, today announced a fourth quarter 2009 net loss of $2.1 million, an $0.84 loss per common share. This compared to earnings of $417,000, or $0.16 per diluted common share, for the fourth quarter of 2008. For the year ended December 31, 2009 Valley Commerce Bancorp reported a net loss of $587,000, a $0.36 loss per common share, compared to earnings of $1.8 million, or $0.70 per diluted common share, for 2008. In the fourth quarter of 2009, the Company recorded a $5.0 million provision for loan losses due to a significant credit loss and continuing adverse economic conditions. -- Valley Commerce Bancorp,Roy Estridge,Visalia California 03/02/2010
→ Statement by Michael J. Williams President and Chief Executive Officer on the Extension of the Home Affordable Refinance Program
Thousands of families have already received much-needed relief under the Home Affordable Refinance Program, and extending HARP for another year will enable us to help even more families achieve a more affordable mortgage. Fannie Mae's (NYSE:FNM) Refi Plus program has given borrowers new options for refinancing, and more than 329,000 loans have been delivered to Fannie Mae through the Refi Plus flexibilities. Of those loans, more than 100,000 were refinanced under the HARP with loan-to-value ratios between 80 percent and 125 percent, which means that many borrowers who had few options are now on more stable financial footing. -- HomePath,Amy Bonitatibus,Washington 03/02/2010
→ The Muller Company Adds Two Commercial Real Estate Industry Veterans to Expand its Corporate Ranks
* * * -- The Muller Company,Anne Monaghan,LAGUNA HILLS CA 03/01/2010
→ Bb&t Sweeps National Honors for Small Business and Middle Market Banking
BB&T's 20 of 20 Excellence Awards from Greenwich Associates leads all financial institutions; first bank to win all national categories -- Santa Barbara Bank and Trust, CA,Cynthia Williams,Winstonsalem N.c. 03/01/2010
→ Webster Receives Approval From Treasury Department to Repurchase $100 Million of Preferred Stock
Webster Financial Corporation (NYSE:WBS) , the holding company for Webster Bank, N.A., announced today that it has received U.S. governmental approvals to repurchase 25 percent of the shares of preferred stock that were issued to the U.S. Department of the Treasury under its Capital Purchase Program. Webster's redemption of the preferred stock is not subject to any additional approval conditions or stipulations from the Treasury Department, including the issuance of additional capital. -- Webster Financial Corporation,Ed Steadham,Waterbury Connecticut 03/01/2010
→ Alliancebernstein Income Fund Releases Monthly Portfolio Update
AllianceBernstein Income Fund, Inc. (NYSE:ACG) (the "Fund") today released its monthly portfolio update as of January 31, 2010. -- AllianceBernstein Income Fund, Inc.,Shareholder Contact,New York 03/01/2010
→ Alliance New York Municipal Income Fund Releases Monthly Portfolio Update
Alliance New York Municipal Income Fund, Inc. (NYSE:AYN) (the "Fund") today released its monthly portfolio update as of January 31, 2010. -- Alliance New York Municipal Income Fund, Inc.,Shareholder Contact,New York 03/01/2010
→ Alliancebernstein Global High Income Fund Releases Monthly Portfolio Update
AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) (the "Fund") today released its monthly portfolio update as of January 31, 2010. -- AllianceBernstein Global High Income Fund, Inc.,Shareholder Contact,New York 03/01/2010
→ Fannie Mae Prices New Issue 2-Year Benchmark Notes(r) due April 4, 2012
The following is being issued by Fannie Mae (NYSE: FNM): -- Fannie Mae,Derek Lowe,Washington 03/01/2010
→ Fannie Mae Prices New Issue 2-Year Benchmark Notes(r) due April 4, 2012
The following is being issued by Fannie Mae (NYSE:FNM) : -- HomePath,Derek Lowe,Washington 03/01/2010
→ Velazquez on Small Business Lending and Commercial Real Estate Markets
Rep. Nydia M. Velazquez (D-NY), the Chairwoman of the House Committee on Small Business, delivered the following statement today at a joint hearing with the Committee on Financial Services entitled, "Condition of Small Business and Commercial Real Estate Lending in Local Markets": -- House Committee on Small Business Chairwoman Nydia M. Velazquez (D-NY),Alex Haurek,Washington 03/01/2010
→ Freddie Mac Announces That It Will Cease Purchases of Interest Only Mortgages
Freddie Mac (NYSE:FRE) announced today that on or about September 1, 2010, the company will cease purchasing and securitizing interest only mortgages, including Freddie Mac Initial Interest(SM) fixed-rate and adjustable-rate mortgages. Additional information will be provided to Freddie Mac Seller/Servicers in an upcoming Single-Family Seller/Servicer Guide bulletin. -- Freddie Mac,Michael Cosgrove,Mclean Va. 02/26/2010