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Capital Bank sponsors UNCTAD's Empretec Director's Meeting

Wed, 04 Nov 2009 07:48:00 GMT

In line with its aims of catering to various economic sectors within the domestic market, and as part of its interest in supporting and encouraging pioneering entrepreneurs of small and medium enterprises (SME), Capital Bank sponsored the Empretec Director's Meeting organized by the United Nations Conference on Trade and Development's (UNCTAD), which is the first meeting of its kind in both Jordan and the Middle East.
The bank's capital ratio exceeds the Basel Committee's and the Central Bank of Jordan's requirements and its operational efficiency is considered to be one of the best in the market.
Distinctly characterized by its financial stability, Capital Bank achieved the highest level of growth in deposits, which grew by 27% during the first half of the current year, reaching JD632m.

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Capital Bank Offers Its Clients Free Subscription in the Roadside Assistance Service

Sat, 24 Oct 2009 11:47:00 GMT

Capital Bank announced the signing of an agreement with the Emirates Jordan Roadside Assistance Company with the aim of providing the Bank's clients with free subscription to the company's Platinum Program.
By virtue of this agreement, Capital Bank's clients will be able to enjoy various benefits free of charge when they subscribe to the Platinum Program that the Bank offers for free.
About Capital BankCapital Bank has been steadily expanding its operations since its inception in 1995, positioning itself today as the third largest bank in the Kingdom in terms of authorized capital, which amounts to JOD132.8m / shares.

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Capital Bank Trims Board

Thu, 08 Oct 2009 21:45:00 GMT

Oct. 8--RALEIGH -- Two Sanford residents resigned Monday from Capital Bank's board of directors as part of a bigger action that saw the company down size its board from 17 to 10 members in the face of declining profits.
Oscar Keller Jr. and L.I. "Poly" Cohen, both founding directors of the bank, announced their resignations Monday.
Keller's resignation will become effective in December.

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Capital Bank Shrinks Its Board: You Are Using an Outdated Browser

Wed, 07 Oct 2009 09:46:00 GMT

Oct. 7--Capital Bank has cut the size of its board to reduce costs and improve its management.
Capital Bank made the move after hiring an outside consultant to assess the composition and size of its board.
Capital Bank was started by investors mostly in Sanford, and it bought Burlington banks as it expanded.

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Marriott Coming to Town Center: Hotel Could Open in a Year

Sat, 05 Sep 2009 21:02:00 GMT

Sep. 5--RALEIGH -- Two Raleigh real estate firms announced Friday that they will break ground this month on a Courtyard by Marriott at Triangle Town Center mall.
The $15 million joint venture is one of the few Triangle hotel projects to move forward at a time when credit remains tight and business and leisure travel sluggish.
Officials with MJM Real Estate Group and the Davidson and Jones Group say the location and the Marriott brand convinced them that the timing was right.

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His Excellency Samih Darwazah Chairman of the New Board at Capital Bank

Tue, 01 Sep 2009 08:05:00 GMT

The management of Capital Bank announced that a new Board of Directors for the Bank was elected during the General Assembly meeting that was held on the 31st of August 2009; whereby His Excellency Samih Darwazah was elected as the Chairman of the Board and Mr. Khaleefa Butti Omair Bin Yousif was elected as Deputy Chairman.
Commenting on this news Mr. Haytham Kamhiyah, Capital Bank's General Manager, said:
"The Board's Chairman and members were elected because of our belief in their extensive professional history; vast knowledge and experience that will help elevate Capital Bank's operations.

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Bank Eyes Sanford for Regional HQ

Sat, 01 Aug 2009 11:49:00 GMT

Aug. 1--SANFORD -- Capital Bank announced Friday it plans to break ground on a new regional headquarters in Sanford by the end of the year.
Capital Bank CEO Grant Yarber said the new three-story building will allow the company to add several high-paying financial sector jobs to the local economy, though an exact figure has yet to be disclosed.
Once Capital breaks ground for the new building, construction will take roughly nine months, Yarber estimated, putting a completion date some time in the last half of 2010.

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Capital Bank Posts Profit, Will Consolidate Branches

Wed, 22 Jul 2009 09:46:00 GMT

Jul. 22--Capital Bank posted a $1.3 million profit in the second quarter, down 39 percent from a year ago.
Still, the earnings announced Tuesday marked a return to profitability after the Raleigh bank lost money in the first quarter.
The bank also disclosed plans to close two branches in Alamance County.

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Investors Resist Dumping Capital Bank Shares

Mon, 20 Jul 2009 14:48:00 GMT

Jul. 20--AMMAN -- Share price of Capital Bank fell by 0.58 per cent Sunday after a weeklong suspension from trading, a drop described by brokers as "reassuring" to investors and shareholders in the bank.
Last Sunday, the Jordan Securities Commission suspended trading in Capital Bank shares in response to a request by the Central Bank of Jordan (CBJ), which dissolved the Capital Bank's board of directors after a CBJ committee detected administrative mismanagement that contradicted good corporate governance at the bank.
"Many investors, who trade through our offices, have been waiting for the bank's shares to resume trading as they were planning to sell, but today the market went up and no dumping of the shares happened so they did not sell," Shadi Abdeen, a broker at the Investment House, said Sunday.

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'New Round of Crisis Starting to Affect Banking Sector'

Mon, 20 Jul 2009 14:48:00 GMT

Jul. 20--AMMAN -- Signs of the "second round" of the global financial crisis have started to show on the Kingdom's banking sector, according to the Central Bank of Jordan (CBJ).
However, CBJ Deputy Governor Kholoud Saqqaf stressed that the sector is capable of overcoming the crisis due to strict monitoring and supervision policies adopted by the Central Bank, which she said were already in place even before the global economic slowdown.
Experts in Jordan, meanwhile, say that the CBJ should further tighten its supervision measures on banks and be prepared to act promptly to meet any challenges posed by the coming phase of the global economic crisis warned of in a recent report by the International Monetary Fund (IMF).

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Provident New York Bancorp Announces Fiscal 2009 Earnings of $0.67 Per Diluted Share, an Increase of 10%

Fri, 23 Oct 2009 23:48:00 GMT

Provident New York Bancorp (NASDAQ-Global Select Market: PBNY), the parent company of Provident Bank, today announced fourth-quarter results for the fiscal year ending Sept. 30, 2009.
Net income for the quarter was $5.1 million, or $0.13 per diluted share, compared to net income of $6.5 million, or $0.17 per diluted share for the fourth quarter of fiscal 2008.
Net income for the twelve months ended September 30, 2009 was $25.9 million, or $0.67 per diluted share, compared to $23.8 million, or $0.61 per diluted share for the same period in 2008.

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Capital Bank Reports 255% Growth in Deposits & 199% Growth in Loans

Thu, 22 Oct 2009 19:49:00 GMT

Capital Bank (OTCBB:CBJC) today announced results of operations for the third quarter of 2009 marked by exceptionally strong deposit and loan growth.
While the Bank reported a year to date net loss $1,506,000, the Bank continues to be on plan from a bottom line perspective since opening for business eighteen months ago on March 26, 2008.
J.M. "Mike" Justice Jr., President & Chief Executive Officer stated, "We continue to be pleased with our success in executing our business plan to date.

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Third Quarter Earnings Conference Call Announced By Capital Bank Corporation

Thu, 08 Oct 2009 21:45:00 GMT

RALEIGH, N.C., Oct. 8, 2009 (GLOBE NEWSWIRE) -- Capital Bank Corporation (Nasdaq:CBKN) will host a conference call on Wednesday, October 21, 2009 beginning at 11:00 a.m. Eastern Daylight Time.
The Company plans to release financial results for the quarter ended September 30, 2009 on Tuesday, October 20, 2009.
For those without access to the Internet, the conference call can be accessed by calling 1-800-895-0198, meeting ID: CBKN.

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F. Warren Wayland, C.P.A., Joins 1st Capital Bank's Board of Directors

Fri, 02 Oct 2009 13:47:00 GMT

MONTEREY, Calif., Oct. 2, 2009 (GLOBE NEWSWIRE) -- 1st Capital Bank (OTCBB:FISB) President and CEO, C. Frederick Rowden, has announced the appointment of Warren Wayland, C.P.A., to the 1st Capital Bank Board of Directors.
In 1977, Warren co-founded the firm Hayashi & Wayland and is currently the Managing Partner.
Warren is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants.

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Capital Bank Corporation Declares Cash Dividend On Common Stock

Fri, 25 Sep 2009 15:47:00 GMT

RALEIGH, N.C., Sept. 25, 2009 (GLOBE NEWSWIRE) -- Capital Bank Corporation (Nasdaq:CBKN) announced that its Board of Directors approved on Thursday, September 24, 2009, a quarterly cash dividend on its common stock of $.08 per share.
The dividend will be paid on or after October 26, 2009 to shareholders of record as of October 12, 2009.
The Company's website is http://www.capitalbank-nc.com.

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HopFed Bancorp, Inc. Reports Second Quarter Results

Tue, 28 Jul 2009 23:48:00 GMT

HOPKINSVILLE, Ky., July 28 /PRNewswire-FirstCall/ -- HopFed Bancorp, Inc. (the "Company") today reported results for the three and six month periods ended June 30, 2009.
For the three and six month periods ended June 30, 2009, the Company's results of operations includes preferred dividend and warrant accretion of $257,000 and $511,000, respectively related to the Company's $18.4 million issuance of preferred stock to the United States Treasury on December 12, 2008.
Commenting on the first half and second quarter results, John E. Peck, president and chief executive officer, said, "The Company continues to experience a modest level of net interest margin expansion.

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Capital Bank Announces Profitable Second Quarter

Tue, 21 Jul 2009 17:48:00 GMT

RALEIGH, N.C., July 21 /PRNewswire-FirstCall/ -- Capital Bank Corporation , the parent company of Capital Bank, today reported net income of $1.3 million for the quarter ended June 30, 2009 compared to net income of $2.2 million for the quarter ended June 30, 2008.
The second quarter results reflect improved net interest income and increased noninterest income which partially offset a higher provision for loan losses and increased noninterest expense.
"Capital Bank management continues to focus on asset quality and margin management.

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Capital Bank and Pretty In Pink Capture Attention of NBC's TODAY Show ; Community Bank Shares Message of Supporting Underinsured Breast Cancer Patients

Thu, 16 Jul 2009 15:45:00 GMT

A producer, NBC News' correspondent Anne Thompson and crew from the TODAY Show visited Raleigh earlier this month to highlight Pretty In Pink, a foundation providing treatment, education and support for uninsured and underinsured women with breast cancer, and Capital Bank's support of the organization.
Thompson, a breast cancer survivor herself, interviewed Yarber for the segment.
Unlike organizations that fund cancer research, Pretty In Pink provides funding for critical treatment for underinsured women."

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Capital Bank and Pretty In Pink Capture Attention of NBC's TODAY Show

Thu, 16 Jul 2009 14:48:00 GMT

A producer, NBC News' correspondent Anne Thompson and crew from the TODAY Show visited Raleigh earlier this month to highlight Pretty In Pink, a foundation providing treatment, education and support for uninsured and underinsured women with breast cancer, and Capital Bank's support of the organization.
Thompson, a breast cancer survivor herself, interviewed Yarber for the segment.
Unlike organizations that fund cancer research, Pretty In Pink provides funding for critical treatment for underinsured women."

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Provident New York Bancorp Announces Fiscal 2009 Third Quarter Earnings of $0.23 Per Diluted Share

Thu, 16 Jul 2009 13:46:00 GMT

Provident New York Bancorp (NASDAQ-Global Select Market:PBNY), the parent company of Provident Bank, today announced third-quarter results for the fiscal year ending Sept. 30, 2009.
Net income for the quarter was $9.0 million, or $0.23 per diluted share, compared to net income of $6.3 million, or $0.16 per diluted share for the third quarter of fiscal 2008.
Three Months Ended 06/30/09 03/31/09 12/31/08 09/30/08 06/30/08 Performance Ratios (annualized) Return on Average Assets 1.25 % 0.76 % 0.86 % 0.90 % 0.90 % Return on Average Equity 8.52 % 5.38 % 6.22 % 6.42 % 6.25 % Non-Interest Income to Average Assets 2.13 % 1.52 % 0.79 % 0.74 % 0.72 % Non-Interest Expense to Average Assets 3.00 % 2.75 % 2.62 % 2.71 % 2.70 % Operating Efficiency Adjusted (2) 71.73 % 65.7 % 60.2 % 59.4 % 60.8 % Analysis of Net Interest Income Yield on: Loans 5.64 % 5.63 % 5.98 % 6.25 % 6.30 % Investment Securities- Tax Equivalent 4.70 % 5.17 % 5.09 % 5.19 % 5.18 % Earning Assets- Tax Equivalent 5.14 % 5.33 % 5.66 % 5.91 % 5.94 % Cost of: Interest Bearing Deposits 1.04 % 1.30 % 1.56 % 1.54 % 1.76 % Borrowings 3.96 % 3.71 % 3.17 % 3.47 % 3.64 % Interest Bearing Liabilities 1.73 % 1.87 % 2.04 % 2.15 % 2.34 % Net Interest Tax Equivalent: Net Interest Rate Spread- Tax Equivalent Basis 3.41 % 3.46 % 3.63 % 3.76 % 3.60 % Net Interest Margin- Tax Equivalent Basis 3.74 % 3.80 % 4.00 % 4.16 % 4.04 % Capital Information Data Tier 1 Leverage Ratio- Bank Only 9.04 % 8.49 % 8.32 % 8.01 % 8.32 % Tier 1 Risk-Based Capital- Bank Only 240,392 235,902 229,395 226,053 223,391 Total Risk-Based Capital- Bank Only 264,170 259,686 253,040 249,154 245,392 Tangible Capital Consolidated 253,912 254,012 249,047 229,968 231,314 Tangible Capital as a % of Tangible Assets Consolidated 9.55 % 9.11 % 9.04 % 8.17 % 8.63 % Shares Outstanding 39,613,454 39,876,754 39,832,857 39,815,213 39,839,335 Shares Repurchased during qrtr(open market) 315,650 - 13,301 34,122 306,443 Basic weighted common shares outstanding 38,536,716 38,627,212 38,583,580 38,589,361 38,719,917 Diluted common shares outstanding 38,683,135 38,811,114 38,818,569 38,893,860 39,110,353 Per Common Share: Basic Earnings $ 0.23 $ 0.14 $ 0.16 $ 0.17 $ 0.16 Diluted Earnings 0.23 0.14 0.16 0.17 0.16 Dividends Paid 0.06 0.06 0.06 0.06 0.06 Book Value 10.62 10.57 10.47 10.03 10.07 Tangible Book Value 6.41 6.37 6.25 5.78 5.81 Asset Quality Measurements Non-performing loans (NPLs): non-accrual $ 20,600 $ 21,567 $ 13,486 $ 13,589 $ 9,595 Non-performing loans (NPLs): still accruing 3,180 4,861 4,561 3,289 4,647 Non-performing assets (NPAs) 25,367 28,202 19,821 16,962 14,380 Net Charge-offs 1,910 4,308 1,957 1,001 812 Net Charge-offs as % of average loans (annualized) 0.44 % 0.99 % 0.45 % 0.23 % 0.20 % NPLs as % of total loans 1.39 % 1.52 % 1.03 % 0.97 % 0.84 % NPAs as % of total assets 0.90 % 0.95 % 0.68 % 0.57 % 0.50 % Allowance for loan losses as % of NPLs 118 % 100 % 131 % 137 % 154 % Allowance for loan losses as % of total loans 1.63 % 1.52 % 1.35 % 1.33 % 1.30 %

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