| First Niagara creates health-care team |
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--(www.FinancialNewsUSA.com)-- 11/06/2009 - Savings and Loans industry news provided by Financial News USA. First Niagara Financial Group Inc. has announced it is creating a new health-care lending specialty team within its corporate banking division. The new unit will focus on the credit, banking, investment and insurance needs of hospitals, senior housing and care and other medical institutions. The division will be headed by Matthew Huber, first vice president, who will lead a team of relationship managers throughout Upstate New York and Western Pennsylvania. © 2009 American City Business Journals, Inc. and its licensors. All rights reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of bizjournals. First Niagara Financial Group Inc. has announced it is creating a new health-care lending specialty team within its corporate banking division. [Read the full article] CLIFTON, N.J.--(BUSINESS WIRE)--The Board of Directors of Clifton Savings Bancorp, Inc., (Nasdaq: 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 September 30, 2009. The dividend will be payable on December 4, 2009 to shareholders of record, other than Clifton MHC, on November 20, 2009. The quarterly cash dividend of $0.05 is the twenty third 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 ten 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: www.cliftonsavings.com. [Read the full article] HAZARD, Ky. and FRANKFORT, Ky., Nov. 4 /PRNewswire-FirstCall/ -- Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Frankfort, Kentucky, announced a net loss of $362,000 or $(0.05) diluted earnings per share for the three months ended September 30, 2009, compared to net income of $312,000 or $0.04 diluted earnings per share for the three months ended September 30, 2008, a decrease of $674,000. The decrease in net earnings for the quarter ended September 30, 2009 was primarily attributable to a provision for loan loss of $968,000 compared to a provision of $15,000 in the prior year's quarter. The provision was chiefly the result of the Company's establishing specific valuation reserves in response to deterioration in the financial position of a single borrower. Also contributing to the decrease in net earnings was a decrease in net interest income. [Read the full article] Bank Mutual Corp. of Brown Deer said that its board has approved the repurchase of 1 million more shares of the company's common stock, or about 2.2 percent of the bank's outstanding shares. Bank Mutual (NASDAQ: BKMU) said only 24,700 shares remain to be repurchased under a 1 million share stock buyback program launched in February. Since it became a fully shareholder owned company in October 2003, Bank Mutual has repurchased 35.6 million shares. The bank also announced that its board reduced its dividend payout by 2 cents to 7 cents per share. The next dividend will be paid Dec. 1 to shareholders of record Nov. 13. © 2009 American City Business Journals, Inc. and its licensors. All rights reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of bizjournals. Bank Mutual Corp. [Read the full article] About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
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