Jan 8, 2014
Customers Bancorp calls off two deals; focuses on organic growth
In the sleepy week between Christmas and New Years, Customers Bancorp announced that it was terminating a merger agreement with a small bank in New York state and would not exercise its option to invest more in Indian financial services company Religare.
Soldi Receives Approval for Share Consolidation and Name Change
On November 25th 2013, the Company announced that the Board of Directors approved a consolidation of the Company's common shares on the basis of up to one post-consolidated share for every ten pre-consolidated shares .
District Court Rules for Taxpayer in STARS Case Santander Holdings;...
On October 17, 2013, Judge George A. O'Toole of the US District Court of Massachusetts issued an opinion holding that a structured trust advantaged repackaged securities transaction entered into by Sovereign Bancorp, Inc. was not a sham, but rather had objective economic substance as a result of a payment Sovereign received from the counterparty ... (more)
Atlantic Coast Bank names James Hogan interim CFO
Atlantic Coast Bank has named a long-time confidant of activist shareholder Jay Sidhu as the Jacksonville-based bank's interim chief financial officer.
Jay Sidhu top earner in Philadelphia suburbs
Atlantic Coast Financial Corp. activist investor Jay Sidhu is one of the highest pay executives in suburban Philadelphia, bringing home $6.1 million a year from his day job.