Latest Monarch Community Bancorp (MCBF) Headlines
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Posted On: 03/10/2014 12:44:03 PM
Latest Monarch Community Bancorp (MCBF) Headlines
Monarch Community Bancorp, Inc. Announces Second Quarter Loss, Continued Improvement in Asset Quality
GlobeNewswire - Tue Jul 30, 4:00PM CDT
Monarch Community Bancorp, Inc. (OTCQB:MCBF), the parent company of Monarch Community Bank, today announced a loss of ($929,000) for the quarter ended June 30, 2013 compared to a loss of ($372,000) for the same period in 2012. Basic and diluted losses per share for the quarter ended June 30, 2013 were ($2.49) compared to basic and diluted losses per share of ($.19) (pre reverse split) for the same period in 2012. Monarch Community Bancorp also reported net loss available to common shareholders for the first six months of 2013 of ($1.4) million compared to net loss available to common shareholders ($873,000) for the same period a year ago. Basic and diluted losses per share for the six months ended June 30, 2013 were ($3.64) compared to basic and diluted losses per share of ($.44) (pre reverse split) for the same period in 2012.
Monarch Community Bancorp, Inc. Announces Receipt of Preliminary United States Department of Treasury Approval of Recapitalization Plan
GlobeNewswire - Fri Jun 21, 11:15AM CDT
Monarch Community Bancorp, Inc. (OTCQB:MCBF), the parent company of Monarch Community Bank, announced today that it has received written, preliminary approval from the United States Department of Treasury (Treasury) to retire Monarch's Capital Purchase Program (CPP) preferred stock for 45% of the $6.785 million principal balance (approximately $3,053,250) plus 100% of the accrued and unpaid dividends thereon (approximately $1,440,858 as of September 30, 2013), subject to certain conditions, including the completion of Monarch's previously announced $16.5 million private placement common stock offering. On May 7, 2013, the Company announced that it had engaged two well respected investment banking firms to co-lead the equity offering. On June 10, 2013, Monarch announced that its Board of Directors set the offering price at $2.00 per share.
Monarch Community Bancorp, Inc. Announces First Quarter Loss
GlobeNewswire - Fri May 03, 4:07PM CDT
Monarch Community Bancorp, Inc. (OTCQB:MCBF), the parent company of Monarch Community Bank, today announced a loss of $427,000 for the quarter ended March 31, 2013 compared to a loss of $501,000 for the same period in 2012. Basic and diluted losses per share for the quarter ended March 31, 2013 were ($.21) compared to basic and diluted losses per share of ($.25) for the same period in 2012.
Monarch Community Bancorp, Inc. Announces Fourth Quarter Earnings
GlobeNewswire - Wed Feb 06, 3:45PM CST
Monarch Community Bancorp, Inc. (OTCQB:MCBF), the parent company of Monarch Community Bank, today announced a profit of $747,000 for the quarter ended December 31, 2012 compared to a loss of $863,000 for the same period in 2011. Basic and diluted earnings per share for the quarter ended December 31, 2012 were $.38 compared to basic and diluted losses per share of ($.44) for the same period in 2011. Monarch Community Bank recorded a loss for the year ended December 31, 2012 of ($741,000) compared to a net loss of ($743,000) for the same period a year ago. Basic and diluted losses per share for the year ended December 31, 2012 were ($.37). Basic and diluted losses per share for the year ended December 31, 2012 were also ($.37)
Monarch Community Bancorp, Inc. Announces Second Quarter Loss, Continued Improvement in Asset Quality
GlobeNewswire - Tue Jul 30, 4:00PM CDT
Monarch Community Bancorp, Inc. (OTCQB:MCBF), the parent company of Monarch Community Bank, today announced a loss of ($929,000) for the quarter ended June 30, 2013 compared to a loss of ($372,000) for the same period in 2012. Basic and diluted losses per share for the quarter ended June 30, 2013 were ($2.49) compared to basic and diluted losses per share of ($.19) (pre reverse split) for the same period in 2012. Monarch Community Bancorp also reported net loss available to common shareholders for the first six months of 2013 of ($1.4) million compared to net loss available to common shareholders ($873,000) for the same period a year ago. Basic and diluted losses per share for the six months ended June 30, 2013 were ($3.64) compared to basic and diluted losses per share of ($.44) (pre reverse split) for the same period in 2012.
Monarch Community Bancorp, Inc. Announces Receipt of Preliminary United States Department of Treasury Approval of Recapitalization Plan
GlobeNewswire - Fri Jun 21, 11:15AM CDT
Monarch Community Bancorp, Inc. (OTCQB:MCBF), the parent company of Monarch Community Bank, announced today that it has received written, preliminary approval from the United States Department of Treasury (Treasury) to retire Monarch's Capital Purchase Program (CPP) preferred stock for 45% of the $6.785 million principal balance (approximately $3,053,250) plus 100% of the accrued and unpaid dividends thereon (approximately $1,440,858 as of September 30, 2013), subject to certain conditions, including the completion of Monarch's previously announced $16.5 million private placement common stock offering. On May 7, 2013, the Company announced that it had engaged two well respected investment banking firms to co-lead the equity offering. On June 10, 2013, Monarch announced that its Board of Directors set the offering price at $2.00 per share.
Monarch Community Bancorp, Inc. Announces First Quarter Loss
GlobeNewswire - Fri May 03, 4:07PM CDT
Monarch Community Bancorp, Inc. (OTCQB:MCBF), the parent company of Monarch Community Bank, today announced a loss of $427,000 for the quarter ended March 31, 2013 compared to a loss of $501,000 for the same period in 2012. Basic and diluted losses per share for the quarter ended March 31, 2013 were ($.21) compared to basic and diluted losses per share of ($.25) for the same period in 2012.
Monarch Community Bancorp, Inc. Announces Fourth Quarter Earnings
GlobeNewswire - Wed Feb 06, 3:45PM CST
Monarch Community Bancorp, Inc. (OTCQB:MCBF), the parent company of Monarch Community Bank, today announced a profit of $747,000 for the quarter ended December 31, 2012 compared to a loss of $863,000 for the same period in 2011. Basic and diluted earnings per share for the quarter ended December 31, 2012 were $.38 compared to basic and diluted losses per share of ($.44) for the same period in 2011. Monarch Community Bank recorded a loss for the year ended December 31, 2012 of ($741,000) compared to a net loss of ($743,000) for the same period a year ago. Basic and diluted losses per share for the year ended December 31, 2012 were ($.37). Basic and diluted losses per share for the year ended December 31, 2012 were also ($.37)
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