Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
PCBI SEC Admin Proceeding:
http://www.sec.gov/litigation/admin/2012/34-67077.pdf
NASDAQ Changes Trading Halt Status of Peoples Community Bancorp, Inc.
NEW YORK, Aug 3, 2009 (GlobeNewswire via COMTEX) -- The NASDAQ Stock Market(r) (Nasdaq:NDAQ) announced today that the trading halt status in Peoples Community Bancorp, Inc. (Nasdaq:PCBI) was changed to "additional information requested" from the company. Trading in the company's stock had been halted on Friday, July 31, 2009 at 6:19:52 p.m. Eastern Time for "news dissemination" at a last sale price of $0.61. Trading will remain halted until Peoples Community Bancorp, Inc. has fully satisfied NASDAQ's request for additional information.
For news and additional information about the company, please contact the company directly or check under the company's symbol using InfoQuotes(sm) on the NASDAQ Web site.
For more information about The NASDAQ Stock Market, visit the NASDAQ Web site at http://www.nasdaq.com.
NDAQO
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: The NASDAQ OMX Group, Inc.
By Staff
CONTACT: The NASDAQ Stock Market
Media Contact:
Wayne Lee
+1.301.978.4850
(C) Copyright 2009 GlobeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Financial Services
SUBJECT CODE: BANKING
STOCK MARKET
Stock Market News
PCBI Filings!
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6631895
As previously reported, on May 15, 2009, Peoples Community Bancorp, Inc. (the “Company”) and its wholly-owned subsidiary, Peoples Community Bank (the “Bank”), entered into a Purchase and Assumption Agreement (the “Purchase Agreement”) with First Financial Bank, N.A. (the “Buyer”), the wholly owned subsidiary of First Financial Bancorp. The Purchase Agreement provides for the purchase of certain of the Bank’s assets that include 17 of the Bank’s branch offices located in southwestern Ohio and southeastern Indiana, approximately $260 million of certain business and consumer loans and other assets, as well as the assumption by the Buyer of approximately $310 million of the Bank’s deposits and certain other liabilities.
PCBI Filings!
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6624103
"On May 20, 2009, Peoples Community Bank (the “Bank”), the wholly-owned banking subsidiary of Peoples Community Bancorp, Inc. (the “Company”), received notice that the Bank’s eligibility to sell mortgage loans to and service mortgages"
PCBI NEWS!
Peoples Community Bancorp, Inc. Announces Entry into Purchase and Assumption Agreement with First Financial Bank, N.A. with Respect to Its Wholly-Owned Bank Subsidiary, Peoples Community Bank
CINCINNATI, May 18, 2009 (BUSINESS WIRE) -- Peoples Community Bancorp, Inc. (the "Company") (NASDAQ: PCBI) a Maryland corporation doing business primarily through its wholly-owned banking subsidiary, Peoples Community Bank (the "Bank"), announced today that the Company and the Bank had entered into a Purchase and Assumption Agreement (the "Agreement") with First Financial Bank, N.A. (the "Buyer") a wholly-owned subsidiary of First Financial Bancorp (NASDAQ: FFBC). The Agreement provides for the purchase of certain of the Bank's assets, which includes 17 of the Bank's branch offices located in southwestern Ohio and southeastern Indiana, approximately $260 million of certain business and consumer loans and other assets, as well as the assumption of approximately $310 million of the Bank's deposits and certain other liabilities by the Buyer. The total purchase price of the transaction is expected to be approximately $12 million, which is a deposit premium of approximately 4%.
Jerry D. Williams, President and Chief Executive Officer, stated that "we believe that this transaction will generate the necessary capital to return the Bank to a well capitalized status. It is our intention to return to our banking roots in Lebanon, Ohio and the additional capital will allow us to focus both on offering traditional banking products from our two offices in Lebanon and reducing our levels of criticized and classified assets. We will maintain approximately $325 million in assets after the transaction to support our ongoing operations."
Following completion of the proposed transaction, the Bank will continue to conduct banking operations from our two branches in Lebanon, Ohio and will retain approximately $325 million in assets, including certain loans, investment securities and real estate assets as well as certain liabilities.
The transaction contemplated by the Agreement is expected to close during the third quarter of 2009, subject to the receipt of all necessary regulatory approvals and the satisfaction of certain other closing conditions as set forth in the Agreement.
As previously disclosed, at March 31, 2009, the Bank was considered critically undercapitalized under the regulatory framework for prompt corrective action. Following completion of the proposed transaction, the Bank expects to return to a well capitalized status in accordance with the capital restoration plan filed by the Bank with the Office of Thrift Supervision on April 30, 2009.
The Company and the Bank were represented on the proposed transaction by the investment banking firm of Keefe, Bruyette & Woods, Inc. and by the law firm of Patton Boggs LLP.
About Peoples
Peoples Community Bancorp, Inc., headquartered in West Chester, Ohio, is the holding company for Peoples Community Bank, a federally chartered savings bank with 19 full service offices in Butler, Warren and Hamilton counties in southwestern Ohio and Dearborn and Ohio counties in southeastern Indiana. The Bank is an independent community bank, which offers a wide variety of financial services and products to customers throughout the Greater Cincinnati metropolitan area and adjoining markets.
Regulatory Filings
The Company's periodic reports as filed with the Securities and Exchange Commission ("SEC") can be accessed at www.pcbionline.com and on the EDGAR section of the SEC's website at www.sec.gov.
Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon current expectations and beliefs of the Company and its subsidiaries. These statements and the Company's reported results herein are not guarantees of future performance or results and there can be no assurance that actual developments and economic performance will be those anticipated by the Company. Actual developments and/or results may differ significantly and adversely from historical results and those anticipated by the Company for the fiscal year ending December 31, 2009 as a result of various factors which are set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2008, Quarterly Reports on Form 10-Q, and its reports on Form 8-K and other documents filed by the Company with the SEC from time to time. The Company does not undertake to update or revise forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements are made, except as required under applicable securities laws.
SOURCE: Peoples Community Bancorp, Inc.
PCBI Fillings!!!
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6581945
;)
From here, TO DA MOOOOON!!
;)
Friday, April 4, 2008 - 3:02 PM EDT
Peoples Community gets cease and desist orders
Business Courier of Cincinnati
The Office of Thrift Supervision and Peoples Community Bancorp have agreed to cease and desist orders that place the West Chester bank under close oversight and limit its ability to make loans and issue lines of credit.
Peoples ran into trouble with real estate loans and its problems were compounded when a planned merger with Evansville, Ind.-based Integra Bank Corp. fell through in February.
The bank posted a third-quarter loss of $1.4 million, or 30 cents per share, compared to a loss of $3.9 million, or 82 cents per share in third-quarter 2006. For the nine-month period, Peoples reported a net loss of $1.9 million, or 39 cents per share, versus a net loss of $1.7 million, or 38 cents per share in the year-ago period.
Peoples, in a March 31 filing with the U.S. Securities and Exchange Commission, said it was not able to file its 10-K reports for the fourth quarter and full-year 2007.
The bank said in a Thursday evening news release that the orders require it to, among other things:
* File updated business plans with the OTS and, on a quarterly basis, compare projected and actual operating results;
* Receive OTS permission before declaring dividends on or payments on outstanding securities, adding or replacing a director, or hiring a CEO and making any "golden parachute" payments;
* Not make new loans or issue new lines of credit for land acquisition or development, speculative residential construction, commercial or multi-family construction, or acquisition of commercial property;
* Hire an independent consultant to review its loan portfolio and establish a plan for reducing bad loans.
"We are extremely disappointed with the change of events that brought about this situation but believe we have taken and will continue to take significant steps to deal with the current recessionary real estate market," said Jerry Williams, president and CEO, in a news release.
Shares of Peoples (NASDAQ: PCBI) fell 31 cents, to $3.70 in Friday afternoon trading.
Peoples Community is a federally chartered savings bank with 19 offices in Butler, Hamilton, Warren, Dearborn and Ohio counties.
Followers
|
1
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
25
|
Created
|
04/04/08
|
Type
|
Free
|
Moderators |
PCBI — Peoples Community Bancorp. Inc.
(NASDAQ)
Main office
6100 West Chester Road
West Chester, OH 45069
Phone: 513-870-3530
Fax: 513-881-5933
www.PCBIonline.com
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |