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Financial News USA
May 16


Cash Dividend On The Way From Flushing Financial and Leading Proxy Advisory Firm Recommends Voting “FOR HF Financial Director Nominees
News - Financial News
Looking at the universe of stocks we cover at Dividend Channel, on 12/7/11, Flushing Financial Corp. (NASD: FFIC) will trade ex-dividend, for its quarterly dividend of $0.13, payable on 12/30/11. As a percentage of FFIC’s recent stock price of $12.51, this dividend works out to approximately 1.04%. Below is a dividend history chart for FFIC, showing historical dividends prior to the most recent $0.13 declared by Flushing Financial Corp.: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FFIC is likely to continue, and whether the current estimated yield of 4.16% on annualized basis is a reasonable expectation of annual yield going forward. Click here to find out which 9 other stocks going ex-dividend you should know about, at DividendChannel.com FFIC operates in the Credit Services & Lending sector, among companies like Radian Group, Inc. [Read the full article]

SIOUX FALLS, S.D.--(BUSINESS WIRE)-- HF Financial Corp. (Nasdaq: HFFC - News) today announced that independent proxy advisory firm Egan-Jones recommended that shareholders vote their BLUE proxy card FOR ALL of HF Financial(TM)s nominees to the Board of Directors and for all other Company proposals at the Company(TM)s Annual Meeting on December 13, 2011.Each shareholder(TM)s vote is important. The HF Financial Board encourages shareholders to use the BLUE proxy card to vote TODAY"by telephone, by Internet, or by signing, dating and returning the BLUE proxy card. Shareholders who have questions about how to vote or need additional assistance are encouraged to contact HF Financial(TM)s proxy solicitation firm, Innisfree M&A Incorporated, at (888) 750-5834 or (212) 750-5833. [Read the full article]

MADISON, Ind.--(BUSINESS WIRE)-- River Valley Bancorp (NASDAQ:RIVR - News) and Dupont State Bank, an Indiana commercial bank wholly owned by Citizens Union Bancorp of Shelbyville announced the signing of a definitive agreement to merge. Under the terms of the agreement River Valley Bancorp will acquire all outstanding shares of common stock of Dupont State Bank at an aggregate purchase price of $6.275 million, payable in cash. In conjunction with the acquisition, River Valley Financial Bank will convert from a federally charted thrift to a state chartered bank by merging with and into Dupont State Bank which shall be renamed River Valley Financial Bank. Completion of the merger is subject to regulatory and shareholder approvals. [Read the full article]

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- Financial services veteran Michael Kramer has been named chief executive officer of FSGBank, N.A., a $1.1 billion bank headquartered in Chattanooga, Tennessee with 31 full-service offices in eastern and middle Tennessee and northern Georgia. FSGBank is the community bank subsidiary of First Security Group, Inc. (NASDAQ: FSGI - News).Mike has the relevant experience, dynamic leadership style, and financial acumen to help this organization prosper and grow, said First Security Group and FSGBank Lead Director Carol H. Jackson. We are delighted to welcome him aboard after an extensive national CEO search.Mr. Kramer most recently was managing director of Ridley Capital Group, a private equity/merchant banking firm focused on financial service companies. [Read the full article]
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