OceanFirst Financial Corp. Announces Quarterly and Annual Earnings and Cash Dividend

OceanFirst Financial Corp. (Nasdaq:OCFC – News), the holding company for OceanFirst Bank, today announced that diluted earnings per share amounted to $.12 for the quarter ended December 31, 2009 as compared to $.30 for the corresponding prior year period. For the year ended December 31, 2009 diluted earnings per share amounted to $.98 as compared to $1.26 for the corresponding prior year period. The Company also announced that its Board of Directors declared a quarterly cash dividend on common stock of $.12 per share, equal to the quarterly earnings per share – covering the three month period ended December 31, 2009 – to be paid on February 12, 2010, to common stockholders of record on February 1, 2010. 
Commenting on the year, Chairman John R. [Read the full article]

Provident New York Bancorp (NASDAQ:PBNY – News), the parent company of Provident Bank, today announced that the Board of Directors has declared a quarterly cash dividend of $0.06 per share. The dividend is payable February 11, 2010 to holders of record as of February 1, 2010.

Headquartered in Montebello, New York, Provident Bank, with $2.9 billion in assets, is an independent full-service community bank. Provident Bank operates 33 branches that serve the Hudson Valley region and Bergen County, New Jersey. The bank offers a complete line of commercial, retail and investment management services. Visit the Provident Bank web site at www.providentbanking.com.

Provident New York BancorpPaul A. [Read the full article]

An employee lawsuit filed against Spokane-based Sterling Financial has been dropped because the plaintiff in the case said he never agreed to any involvement and did not give permission for his name to be used by attorneys. The suit, intended to be a class action, was filed last week on behalf of Oregon resident and former Sterling employee Cory Deter in federal court in Eastern Washington. On Thursday, the suit was dismissed by Seattle-based Hagens Berman Sobol Shapiro, the law firm that filed the complaint. The lawsuit alleged that Sterling failed to protect employees’ investments in company stock through their 401(k) plans. In an interview with the Puget Sound Business Journal, Deter said he gave Pennsylvania-based law firm Brodsky & Smith LLC, which was also working on the litigation, initial permission to represent him, but never filled out necessary paperwork to officially retain the firm. [Read the full article]

Good day, ladies and gentlemen and welcome to the fourth quarter 2009 Wilshire Bancorp earnings conference call. My name is Karma and ll be your coordinator for today. At this time, all participants are in a listen-only mode. We will be facilitating a question-and-answer session towards end of this conference. (Operator instructions) I would now like to turn the call over to your host for today Mr. Edward Han, First Vice President of Investor Relations. Please proceed. Thank you and good morning everyone. We appreciate you joining us today for our fourth quarter 2009 earnings conference call. Again, I am Edward Han and joining me are Joanne Kim, the company President and Chief Executive Officer; and Alex Ko, Senior Vice President and Chief Financial Officer. [Read the full article]

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