Flushing Financial Corporation to Present at the Raymond James 31st Annual Institutional Investors Conference
Flushing Financial Corporation (the “Company”) (Nasdaq:FFIC – News), the parent holding company for Flushing Savings Bank, FSB (the “Bank”), today announced that John R. Buran, the Company’s President and Chief Executive Officer, and David W. Fry, the Company’s Executive Vice President and Chief Financial Officer, will be participating in the Raymond James 31st Annual Institutional Investors Conference on Monday, March 8, 2010.
Flushing Financial Corporation is the parent holding company for Flushing Savings Bank, FSB, a federally chartered stock savings bank insured by the FDIC. The Bank serves consumers and businesses by offering a full complement of deposit, loan, and cash management services through its fifteen banking offices located in Queens, Brooklyn, Manhattan, and Nassau County. [Read the full article]
Hudson City Bancorp, Inc. (Nasdaq:HCBK – News), the holding company of Hudson City Savings Bank (“Hudson City”), announced today that Hudson City submitted an application to the Office of the Comptroller of the Currency (the “OCC”) to convert from a federally chartered stock savings bank to a national bank. Hudson City Bancorp will shortly file an application with the Federal Reserve to become a bank holding company. Both Hudson City and Hudson City Bancorp are currently regulated by the Office of Thrift Supervision (the “OTS”).
Ronald E. Hermance, Jr., Chairman, President and Chief Executive Officer commented, “Our decision to convert to a national bank charter results from, among other things, our resolve to continue our solid level of performance and growth in the banking industry and to maintain the trust and confidence of our customer base during these uncertain financial times. [Read the full article]
Home Federal Bancorp, Inc. (the “Company”) (Nasdaq:HOME – News), the parent company of Home Federal Bank (the “Bank”), announced today that R. Shane Correa has accepted a position with the Bank as Executive Vice President with the functional title of President, Oregon Region effective March 10, 2010. Mr. Correa, a native Oregonian brings over 20 years of Oregon banking experience to the Company. Shane Correa has served as Executive Vice President and Chief Banking Officer of Columbia River Bank (“CRB”) since September 2004. He joined CRB in July 1998, and served in various leadership positions throughout Central and North Central Oregon prior to his appointment as Chief Banking Officer. Prior to CRB, Mr. Correa spent 10 years with U.S. Bank in various management positions. Mr. Correa holds a B.S. degree in Agricultural Business Management from Oregon State University and is a graduate of Western School of Bank Management. [Read the full article]
French President Nicolas Sarkozy delivers his speech after visiting the production site of European civil and military helicopter manufacturer Eurocopter in Marignane, southern France, Thursday, March 4, 2010. (AP Photo/Claude Paris)
French President Nicolas Sarkozy is bent on taking a bigger role in the running of French companies, summoning bank leaders to his Elysee palace on Friday to order them to boost lending to the economy and smaller companies.
Sarkozy — whose conservative party faces regional elections later this month that polls show favor the opposition Socialists — “asked banks to remain fully mobilized to finance the economy in the recovery that is starting,” a statement issued by his office said.
France has also been setting the rules over how banks operating in France award bonuses, justifying the intervention by saying it pumped billions of euros in state aid into banks at the height of the global financial crisis. [Read the full article]