WALLA WALLA, Wash., July 28, 2008 -- Banner Corporation , the parent company of Banner Bank and Islanders Bank, today reported that, as a result of the significant decline in its stock price and market capitalization during the second quarter in conjunction with similar declines in the value of most financial institutions and the ongoing disruption in related financial markets, it has decided ... www.bankreopropertydeals.com
Ayres Advisors, LLC -- real estate investment and management company headquartered in San Diego -- announced the purchase, on behalf of an investment vehicle co-managed by Ayres, of a $122 million portfolio of performing and non-performing loans, and real estate owned from Central Pacific Bank (NYSE: CPF), based in Hawaii. www.bankreopropertydeals.com
Milpitas Parks and Recreation Services is presenting the Milpitas Summer Concert Series. The every-other-Tuesday concerts are free and held 6:30 to 8:30 p.m. at Murphy Park, located on Yellowstone Drive, just east of South Park Victoria Drive. www.bankreopropertydeals.com
SALT LAKE CITY----Titanium Holdings, Inc. announced today that Patrick Carey has joined the company as CEO. Titanium Holdings, Inc. is the parent company of Titanium Solutions, Inc., a leading provider of homeowner contacting and consulting services. www.bankreopropertydeals.com
DataQuicks report on June homebuying shows renewed skittishness among shoppers. www.bankreopropertydeals.com
LOS ANGELES----Fifth paragraph, third sentence of release should read: In comparison, 1,366 loans with balances totaling approximately $644.0 million were scheduled to recast during the first half of 2008 and 1,778 loans with balances totaling approximately $823.0 million were scheduled to recast in the second half of 2007 . www.bankreopropertydeals.com
LOS ANGELES----Manatt, Phelps & Phillips, LLP, the national law and consulting firm, recently advised Central Pacific Bank on a significant debt sale in California. This is the first of what is expected to be many portfolio dispositions for the financial industry as institutions look to reduce their credit exposure. www.bankreopropertydeals.com
TEMECULA, Calif.----Temecula Valley Bancorp Inc. today announced a net loss of $2.0 million, or $0.20 per diluted share, for the second quarter ending June 30, 2008 compared with net income of $5.3 million, or $0.47 per diluted share, reported for the second quarter of 2007. www.bankreopropertydeals.com
Monday, August 11, 2008
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