The Southern Banc Company, Inc. Announces Second Quarter Earnings

The Southern Banc Company, Inc. (OTCBB: SRNN – News), the holding company for The Southern Bank Company, formerly First Federal Savings and Loan Association of Gadsden, Alabama, announced a net loss of $29,825, or $(0.04) per basic and diluted share, for the quarter ended December 31, 2009, as compared to a net loss of $11,545, or $(0.01) per basic and diluted share, for the quarter ended December 31, 2008. For the six month period ended December 31, 2009, the company recorded net income of $39,713, or $0.05 per basic and diluted share, as compared to a net loss of $17,984, or $(0.02) per basic and diluted share, for the six month period ended December 31, 2008.

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Gates Little, President and Chief Executive Officer of the Company, stated that the Company net interest margins improved during the quarter as compared to the same period in 2008. [Read the full article]

Hudson City Bancorp, Inc. (Nasdaq: HCBK) announced today that the Annual Meeting of Shareholders will be held on April 21, 2010.  The voting record date will be March 1, 2010.

Hudson City Bancorp, the holding company for Hudson City Savings Bank, maintains its corporate offices in Paramus, New Jersey.  Hudson City Savings Bank, a well-established community financial institution serving its customers since 1868, is ranked in the top twenty-five U.S. financial institutions by asset size and is the largest thrift institution headquartered in New Jersey.  Hudson City Savings currently operates a total of 131 branch offices in the New York metropolitan and surrounding areas. [Read the full article]

ESSA Bancorp, Inc. (the “Company”) (NASDAQ: ESSA – News) held its 2010 Annual Meeting of Stockholders on February 11, 2010, at 11:00 a.m. local time, at Stroudsmoor Country Inn, Stroudsburg, Pennsylvania.

At the Annual Meeting, William P. Douglass, Gary S. Olson and William A. Viechnicki, D.D.S. were elected to the Board of Directors, each for a three-year term. All have been directors of the Company since its inception. The Company’s stockholders also ratified the appointment of S.R. Snodgrass, A.C. as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2010.

ESSA Bancorp, Inc. is the holding company for ESSA Bank & Trust, which has total assets of over $1 billion and is the leading service-oriented financial institution headquartered in the greater Pocono, Pennsylvania region. [Read the full article]

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