Dec 14, 2010 18:12 State-Investors Bank Adopts Plan of Conversion
State-Investors Bank, a federally chartered savings bank headquartered in Metairie, Louisiana, today announced that its Board of Directors adopted a plan to convert State-Investors Bank (the "Bank") to a stock institution ("Plan of Conversion"). In accordance with the Plan of Conversion, State-Investors Bank will become a wholly-owned subsidiary of a stock holding company and the common stock of the holding company will be offered to deposit customers of the Bank and others, including members of the general public, in the manner and subject to the priorities set forth in the Plan of Conversion. continued...
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Dec 14, 2010 17:35 Unified Shareholders Earn 5% on Stock Price
Unified Grocers, Inc. ("Unified" or the "Company"), the largest wholesale grocery distributor in the western United States, announced earnings of $11.0 million for the fiscal year ended October 2, 2010 ("2010 period"), as compared to earnings of $14.8 million for the fiscal year ended October 3, 2009 ("2009 period"). As a result of this performance, the value of one share of stock held in the Company rose to just over $304, an increase of five percent over the previous year. continued...