All Posts Tagged With: "ZION"
(ZION) Zions Prices $125 Million in Preferred Stock
On Friday, Zions Bancorp. (ZION) announced that it has priced 5 million preferred shares worth $125 million at an initial public offering price of $25 per depositary share. The offering is priced at an initial...
(JPM) U.S. Bank Failures in 2010 Increase to 81
Bank failures continue unabated as the U.S. regulators closed down three more banks in Mississippi, Illinois and Nebraska on Friday, pushing up the figure to 81 so far in 2010. This compares with a total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.
Although...
(BOFL) U.S. Bank Failures Hit 78 in 2010 So Far
The ongoing economic volatility has taken its toll on another set of banks last week. On Friday, five more were shuttered by U.S. regulators. Out of the five failed banks, three were based in Florida and one each in Nevada and California. This brings the total number of bank...
(JPM) U.S. Bank Failures in 2010 Increase to Seventy-Three
U.S. regulators on Friday shuttered St. Paul, Minnesota-based Pinehurst Bank, pushing up U.S. bank failures to 73 so far in 2010. This compares to bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.
Although the economy is showing signs of a gradual recovery...
(JPM) FDIC Report Shows Big Banks Boost Industry Profit $$
Following the dreadful phase of the economic downturn, the banking industry’s profits soared during the first quarter of 2010. However, this was primarily led by the big banks, while small banks remained strained due to deteriorating credit conditions.
According to...
(JPM) U.S. Banks Stock Update – May 2010 – Industry Outlook
Although a major recovery in the asset markets has been witnessed in recent quarters, the outlook for the U.S. banking industry still remains in question due to several negatives Incorporatedluding asset-quality troubles, drawbacks of new regulations and the continuation of...
(JPM) U.S. Bank Failures in 2010 Rises to 72
On Friday, four more banks were shuttered by U.S. regulators. The failed banks were based in Georgia, Illinois, Michigan and Missouri. This brings the total number of bank failures to 72 so far in 2010, compared to 140 in 2009, 25 in 2008 and 3 in 2007.
Although the...
(JPM) U.S. Bank Failures Now Total 64 in 2010
A capricious economy triggered another set of bank failures last week. On Friday, seven more banks were shuttered by U.S. regulators. Out of the seven failed banks, three were in Puerto Rico, two in Missouri and one each in Michigan and Washington. This brings the total number...
(JPM) Seven More U.S. (Chicago-Area) Banks Fail
U.S. regulators on Friday shuttered seven more banks in Illinois, pushing up U.S. bank failures to 57 so far in 2010. This compares to a total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.??Although the economy is showing signs of a gradual recovery...
(ZION) Zions Bancorp Trims Loss – Earnings Surpass Estimates
On Monday, Zions Bancorp (ZION) reported first quarter 2010 net loss of $86.5 million or 57 cents per share, compared to a net loss of $176.5 million or $1.26 in the prior quarter and a net income of $852.3...
(PBCT) U.S. Regulators Close Eight More Banks on Friday – 2010 Tally Hits Fifty
U.S. regulators on Friday shuttered eight more banks in Florida, California, Massachusetts, Michigan and Washington, pushing up U.S. bank failures to 50 so far in 2010. This compares to a total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.
Although...
($JPM) Year 2010 U.S Bank Failures Hit 42
U.S. regulators on Friday shuttered Myrtle Beach, South Carolina-based Beach First National Bank, pushing up U.S. bank failures to 42 so far in 2010. This compares to a total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.
Although the economy...
(JPM) U.S. Bank Failures Accelerate in 2010
Although the economy is showing signs of a gradual recovery with large financial institutions stabilizing, tumbling home prices, soaring loan defaults and rising unemployment continue to take their toll on small banks. As a result, U.S. regulators on Friday shuttered four...
(ZION) Zions Bancorporation Sets Exchange Ratio for Notes
On Thursday, Zions Bancorporation (ZION) announced the exchange ratios for swapping its common stock to its outstanding non-convertible subordinated notes.
Deutsche Bank Securities Inc., a wing of...
(JPM) U.S. Bank Failure Tally Hits 37 in 2010
Although the economy is showing signs of a gradual recovery with large financial institutions stabilizing, tumbling home prices, soaring loan defaults and rising unemployment continue to take their toll on small banks.
As...
(USB) FDIC Figures Show U.S. Bank Failures Reach 26 in 2010
Though the economy is showing signs of a gradual recovery, tumbling home prices, soaring loan defaults and rising unemployment continue to take their toll on small banks. As a result, U.S. regulators on Friday shuttered...
(ZION) Zions Bancorporation’s Note Conversion Update
Zions Bancorporation (ZION) recently announced the beginning of an exchange offer to replace any or all of its currently outstanding non-convertible subordinated notes into shares of Zions’ common stock....
(JPM) FDIC Reports Two More Bank Failures Hitting Total of Twenty-Two in 2010
Though the economy is showing signs of a gradual recovery, tumbling home prices, soaring loan defaults and rising unemployment continue to take toll on small banks. As a result, U.S. regulators on Friday shuttered two...
(JPM) U.S. Bank Failure Grow to Twenty in 2010
Though the economy is showing signs of a gradual recovery, bank failures continue as U.S. regulators on Friday closed down four more banks in California, Illinois, Texas and Florida. This brings the total number of bank...
(ZION) Zions Bancorp Analysts Upgrade to Neutral
Given the current market recovery factor and valued growth indicators, we are upgrading our recommendation on the shares of Zions Bancorp. (ZION) to Neutral from Underperform. Although the current economic...
($JPM) U.S. Bank Failures Hit 16 As Another One Goes Down
U.S. regulators on Friday shuttered 1st American State Bank of Minnesota , in Hancock, pushing up U.S. bank failures to 16 so far in 2010. This compares to total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.
While we expect economic recovery...
(JPM) U.S. Banks Stock Update – February 2010 – Industry Outlook
After enduring extraordinary shocks in 2008, the U.S. banks entered an exceptional state of turmoil in 2009. Starting as a credit issue in the subprime segment of the mortgage market, the sticky situation infected almost the entire financial services industry, and all corners...
(WFSL) U.S. Bank Failures Reach Fifteen in 2010
U.S. regulators on Friday shuttered six more banks in California, Georgia, Florida, Minnesota and Washington as the recession continues to take its toll on small banks. This brings the total number of bank failures to 15 so far in 2010, compared to 140 in 2009, 25 in 2008...
(ZION) Zions Bancorporation’s Loss Slims as They Beat Earnings Estimates
On Monday, Zions Bancorporation (ZION) reported a fourth quarter 2009 net loss of $176.5 million or $1.26 per share, compared to a net loss of $179.5 million or $1.41 in the prior quarter and a net income...
(WFSL) 2010 U.S. Bank Failures Tally Reaches Nine
Regulators shut down 5 more banks in Florida, Missouri, New Mexico, Oregon and Washington; pushing up U.S. bank failures to 9 so far in 2010.
Though the economy is showing signs of gradual recovery, bank failures...
(WFSL) 2010 U.S. Bank Failures Rise to Four
Regulators shut down 3 more banks in Illinois, Minnesota and Utah pushing up U.S. bank failures to 4 so far this year.
U.S. regulators on Friday shuttered three more banks in Illinois, Minnesota and Utah as the recession continues to take its toll on small banks. This...
(WFSL) U.S. Bank Failures Continue Into 2010
U.S. regulators on Friday shuttered Horizon Bank of Bellingham, Washington, making it the first of the expected high number of small bank failures in 2010. Also, in California, the Bakersfield-based Kern Central Credit Union was seized by the National Credit Union Administration...
(ZION) Zions Bancorporation Replaces Cash with Stock for Top Executives
Focusing on damage control after the financial crisis, on Dec. 28, Zions Bancorporation (ZION) announced its decision of awarding bonus to its 25 top executives in the form of stock in lieu of cash payments....
(ZION) Zions Bancorporation Finishes Exchange Offer
In an attempt to enhance its financing position in the capital market, Zions Bancorporation (ZION) on Dec 22, 2009 announced its preliminary results of the stock exchange offer from its Series A Floating-Rate...
(JPM) U.S. Bank Failures Touch 140 in ’09
Regulators shut down 7 more banks in California, Alabama, Florida, Georgia, Michigan and Illinois
The struggling economy continues to take its toll on banks as U.S. regulators on Friday...