Clifton Savings Bancorp, Inc. Declares Quarterly Cash Dividend

The Board of Directors of Clifton Savings Bancorp, Inc., (Nasdaq Global Select Market: CSBK) the parent company of Clifton Savings Bank, today announced that the Company will pay a cash dividend of $0.05 per share for the quarter ended December 31, 2009. The dividend will be payable on March 5, 2010 to shareholders of record, other than Clifton MHC, on February 19, 2010.

The quarterly cash dividend of $0.05 is the twenty fourth cash dividend paid by Clifton Savings Bancorp, Inc. since becoming a capital stock organization in March 2004.

Clifton Savings Bank is a community-oriented financial institution which operates eleven full-service banking offices in Bergen and Passaic Counties in New Jersey. Additional information on Clifton Savings Bancorp, Inc. and Clifton Savings Bank can be found on the web site: [Read the full article]

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First Financial Holdings, Inc. (Nasdaq:FFCH – News) (“First Financial” or “Company”) CFO R. Wayne Hall will participate in the 5th Annual Sterne Agee Financial Services Symposium on Tuesday, February 9, 2010 at 9:00 a.m. E.S.T. Mr. Hall is presenting as a participant of the FDIC Assisted Deals” Financial & Strategic Issues Panel and his discussion will also be broadcast on the Company website at at that time. Additionally, on February 9, 2010, First Financial quarterly investor presentation will be available on our website and will remain available through May 1, 2010. This updated presentation will be used throughout the quarter. [Read the full article]

OceanFirst Financial Corp. (Nasdaq:OCFC – News), the holding company for OceanFirst Bank, announced today that it repurchased the warrant to purchase 190,427 shares of its common stock issued to the U.S. Treasury under the Capital Purchase Program of the Troubled Asset Relief Program (“TARP”).

The original warrant granted to the Treasury was reduced by one-half from 380,853 shares to 190,427 shares as a result of the completion of the Companys successful public stock offering in November 2009. The Company repurchased the warrant for $431,000.

John R. Garbarino, the Company Chairman, President and CEO, stated, “We are pleased to have completed the final phase of our TARP-relationship with the U. S. [Read the full article]

FedFirst Financial Corporation (NASDAQ Capital: FFCO; the “Company”), the parent company of First Federal Savings Bank, today announced net income of $85,000 for the three months ended December 31, 2009 compared to a net loss of $2.5 million for the three months ended December 31, 2008. Basic and diluted earnings (loss) per share were $0.01 for the three months ended December 31, 2009 compared to $(0.43) for the three months ended December 31, 2008. In the prior period, the Company recorded an impairment of $4.8 million ($3.2 million net of tax benefit) on securities whose decline in fair value was determined to be other-than-temporary, which was partially offset by the recognition of $541,000 in bank-owned life insurance income related to the death of a member of the Company board of directors. [Read the full article]

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