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Feb
11
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Common Stock Offering

In regards to their option to buy newly issued common stock, PremierWest Bancorp will be advising there shareholders in the coming weeks. Being part of the Medford-based parent of PremierWest Bank, they have already released plans to raise $36 million. Shares are now available at just 44 cents each. PremierWest Bank will make use of their income of the sale to increase their capital position. For those...
Jan
18
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Bank of Miami reduces Problem Loans

As this bank lowered the amount of troubled loans it had on its books, Bank of Miami cut down its losses in the fourth quarter. As noted by its Federal Financial Institutions Examination Council filings, the Coral Gables-based bank has unfortunately lost $3.4 million during its fourth quarter. This was certainly better in comparison to the $29.4 million they lost during the previous quarter. Because of ...
Dec
22
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TransAtlantic Bank

Over time, as it finally returned to profitability, TransAtlantic Bank ended 2009 in high spirits. While being a subsidiary of Spanish banking giant Banco Sabadell, it claimed net income of $2.9 million during the fourth quarter. As noted by its Federal Financial Institutions Examination Council filing, they sew a net loss of $812,000 in the quarter before that. Athough it had a $2.3 million loss that...
Nov
28
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Grand Bank & Trust

As they noticed declining values of its problem loans, Grand Bank & Trust of Florida experiences three times the losses during their fourth quarter compared to the quarter before that. As noted in its filing with the Federal Financial Institutions Examination Council, The West Palm Beach-based bank saw, in their last quarter, a net loss of $1.5 million. Although this was high, it was down from a...
Nov
5
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Emergency Assistance Program

This government funded program is here to offer help for victims of mass violence and terrorism that occurs within and outside the U.S. This can also be seen as a compensation program for those who experienced international terrorism. This type of help can offer emergency relief, training and technical assistance as well as assistance that is continually ongoing. For those victims of international...
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