Baltimore County Savings Bank sells branches to American Bank

Baltimore County Savings Bank is selling four of its branches to Rockville-based American Bank, marking American’s entry into the Greater Baltimore banking market. Under the deal announced late Tuesday, American will purchase Baltimore County Savings Bank’s branches in Catonsville, Owings Mills, Hamilton and Ellicott City. The sales price was not disclosed. After the sale, Baltimore County Savings Bank will have 14 branches in Baltimore and Harford counties. The deal will boost American Bank’s deposits by $81 million, the banks said in a press release.  2010 American City Business Journals, Inc. and its licensors. All rights reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of bizjournals. Baltimore County Savings Bank is selling four of its branches to Rockville-based American Bank, marking American’s entry into the Greater Baltimore banking market. [Read the full article]

Michael R. Kallet, President and Chief Executive Officer of Oneida Financial Corp. (Nasdaq: ONFC), today announced that the Company has declared a cash dividend of twenty-four cents ($0.24) per share of the Company’s common stock for the six month period ended December 31, 2009. The dividend is payable to shareholders of record as of January 29, 2010 and will be paid on February 9, 2010.

Kallet stated, “The Board of Directors and management of Oneida Financial Corp. [Read the full article]

Oceanside Bank announced Wednesday that it entered into a consent order with bank regulators effective Jan. 7 to improve certain areas of the bank’s operations. The Jacksonville Beach-based bank entered into the order with the Federal Deposit Insurance Corp. and the Florida Office of Financial Regulation “without admitting or denying any charges of unsafe or unsound banking practices or violations of law or regulation” it stated in the filing with the U.S. Securities and Exchange Commission. Under the order, the bank must meet requirements including increasing its board of director’s involvement in the bank; increase and maintain the regulatory required capital ratios for being “well-capitalized”; maintain a fully funded allowance for loan losses; and reduce its risk exposure in the loan portfolio. The bank is also restricted from brokered deposits and declaring or paying dividends that would effect its capital without regulatory consent. [Read the full article]

Home Federal Bancorp, Inc. of Louisiana (the “Company”) (OTCBB:HFBL – News) announced today that its Board of Directors at their meeting on January 13, 2010, declared a quarterly cash dividend of $.06 per share on the common stock of the Company payable on February 8, 2010 to the shareholders of record at the close of business on January 25, 2010.

Home Federal Bancorp, Inc. of Louisiana is the “mid-tier” holding company for Home Federal Bank, a federally-chartered, FDIC-insured savings association headquartered in Shreveport, Louisiana. Home Federal Bank operates from its main office, two branch offices and one agency office in Shreveport, Louisiana. At September 30, 2009, the Company had $161.7 million of total assets, $129.5 million of total liabilities and $32.3 million of stockholders’ equity. The Company’s website is www.homefederalbancorp.com.

The Home Federal Bancorp, Inc. [Read the full article]

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