Latest Provident Community Bancshares (PCBS) Headlines
Park Sterling Corporation and Provident Community Bancshares, Inc. to Merge
GlobeNewswire - Wed Mar 05, 6:00AM CST
Park Sterling Corporation (Nasdaq
STB) ("Park Sterling"), the holding company for Park Sterling Bank, and Provident Community Bancshares, Inc. (OTCBBCBS) ("Provident Community"), the holding company for Provident Community Bank, N.A., announced today the signing of a definitive merger agreement under which Park Sterling will acquire Provident Community for a total transaction value of approximately $6.5 million.
Provident Community Bancshares proposes de-registration of its common stock
M2 - Thu Feb 20, 5:36AM CST
Provident Community Bancshares Inc (OTCBBCBS), the holding company for US-based Provident Community Bank, said on Wednesday it will de-register its common stock and suspend its reporting obligations with the US Securities and Exchange Commission (the SEC).
Provident Community Bancshares, Inc. Announces Deregistration
Business Wire - Wed Feb 19, 1:30PM CST
Provident Community Bancshares, Inc. (OTCBB: PCBS; the "Company"), the holding company for Provident Community Bank, today announced that it plans to deregister its common stock and suspend its reporting obligations with the Securities and Exchange Commission (the "SEC").
Provident Community Bancshares reports net loss for Q2 2013 over net income last year
M2 - Mon Aug 19, 3:00AM CDT
Provident Community Bancshares Inc (OTCBBCBS), the holding company for Provident Community Bank NA, reported for the three months ended 30 June 2013, a net loss to common shareholders of USD1.5m or USD0.81 diluted loss per common share, compared to the net income of USD24,000 or USD0.01 diluted income per common share for the same period in 2012.
Provident Community Bancshares Reports Second Quarter Results
Business Wire - Fri Aug 16, 3:30PM CDT
Provident Community Bancshares, Inc. (OTCBB: PCBS) (the "Corporation") reported a net loss to common shareholders of $1.5 million for the three months ended June 30, 2013 compared to net income to common shareholders of $24,000 for the same period in 2012. The loss in 2013 was primarily due to an increase in OREO expense along with an increase in the provision for loan losses due to an increase in loan write-downs. In addition, the gain on the sale of investments for the quarter ended June 30, 2013 was $24,000 compared to $286,000 for the previous year comparable quarter. Net loss per common share was $0.81 (diluted) for the three months ended June 30, 2013, versus net income of $0.01 per common share (diluted) for the same period in 2012. The net loss to common shareholders for the six months ended June 30, 2013 was $1.9 million, or $1.07 net loss per share (diluted), compared to a net loss to common shareholders of $178,000 or $0.10 per share (diluted), for the same period in 2012.
Provident Community Bancshares Reports First Quarter Results
Business Wire - Fri May 17, 3:00PM CDT
Provident Community Bancshares, Inc. (OTCBB: PCBS) (the "Corporation") recorded a net loss to common shareholders of $462,000 for the three months ended March 31, 2013 as compared to a net loss of $202,000 for the same period in 2012. The increase in loss in 2013 was primarily due to a reduction in net interest income due primarily to lower loan balances and a decrease in the yield on interest-earning assets due to the lower interest rate environment, offset by the absence of a provision for loan losses for the period ended March 31, 2013, due to a net reduction in loans, nonperforming assets and charge-offs. In addition, the Corporation did not record any gain on the sale of investments for the quarter ending March 31, 2013 compared to $239,000 for the previous year comparable quarter. Net loss per common share was $0.26 (diluted) for the three months ended March 31, 2013, versus a net loss of $0.11 per common share
Provident Community Bancshares Reports Fourth Quarter Results
Business Wire - Fri Mar 08, 3:30PM CST
Provident Community Bancshares, Inc. (OTCBB: PCBS) (the "Corporation") recorded a net loss to common shareholders of $409,000 for the three months ended December 31, 2012 compared to a net loss to common shareholders of $428,000 for the same period in 2011. The decrease in loss in 2012 was primarily due to a lower provision for loan losses for the period ended December 31, 2012, due to a net reduction in loans of $7.1 million along with a reduction in loan charge-offs and in other real estate owned expense. These decreases were partially offset by a reduction in net interest income due primarily to lower loan balances due to economic conditions and higher underwriting standards along with a $260,000 charge to income tax expense for a write-down of the deferred tax asset. Net loss per common share was $0.23 (diluted) for the three months ended December 31, 2012, versus a net loss of $0.24 per common share (diluted) for
Park Sterling Corporation and Provident Community Bancshares, Inc. to Merge
GlobeNewswire - Wed Mar 05, 6:00AM CST
Park Sterling Corporation (Nasdaq
STB) ("Park Sterling"), the holding company for Park Sterling Bank, and Provident Community Bancshares, Inc. (OTCBBCBS) ("Provident Community"), the holding company for Provident Community Bank, N.A., announced today the signing of a definitive merger agreement under which Park Sterling will acquire Provident Community for a total transaction value of approximately $6.5 million. Provident Community Bancshares proposes de-registration of its common stock
M2 - Thu Feb 20, 5:36AM CST
Provident Community Bancshares Inc (OTCBB
CBS), the holding company for US-based Provident Community Bank, said on Wednesday it will de-register its common stock and suspend its reporting obligations with the US Securities and Exchange Commission (the SEC). Provident Community Bancshares, Inc. Announces Deregistration
Business Wire - Wed Feb 19, 1:30PM CST
Provident Community Bancshares, Inc. (OTCBB: PCBS; the "Company"), the holding company for Provident Community Bank, today announced that it plans to deregister its common stock and suspend its reporting obligations with the Securities and Exchange Commission (the "SEC").
Provident Community Bancshares reports net loss for Q2 2013 over net income last year
M2 - Mon Aug 19, 3:00AM CDT
Provident Community Bancshares Inc (OTCBB
CBS), the holding company for Provident Community Bank NA, reported for the three months ended 30 June 2013, a net loss to common shareholders of USD1.5m or USD0.81 diluted loss per common share, compared to the net income of USD24,000 or USD0.01 diluted income per common share for the same period in 2012. Provident Community Bancshares Reports Second Quarter Results
Business Wire - Fri Aug 16, 3:30PM CDT
Provident Community Bancshares, Inc. (OTCBB: PCBS) (the "Corporation") reported a net loss to common shareholders of $1.5 million for the three months ended June 30, 2013 compared to net income to common shareholders of $24,000 for the same period in 2012. The loss in 2013 was primarily due to an increase in OREO expense along with an increase in the provision for loan losses due to an increase in loan write-downs. In addition, the gain on the sale of investments for the quarter ended June 30, 2013 was $24,000 compared to $286,000 for the previous year comparable quarter. Net loss per common share was $0.81 (diluted) for the three months ended June 30, 2013, versus net income of $0.01 per common share (diluted) for the same period in 2012. The net loss to common shareholders for the six months ended June 30, 2013 was $1.9 million, or $1.07 net loss per share (diluted), compared to a net loss to common shareholders of $178,000 or $0.10 per share (diluted), for the same period in 2012.
Provident Community Bancshares Reports First Quarter Results
Business Wire - Fri May 17, 3:00PM CDT
Provident Community Bancshares, Inc. (OTCBB: PCBS) (the "Corporation") recorded a net loss to common shareholders of $462,000 for the three months ended March 31, 2013 as compared to a net loss of $202,000 for the same period in 2012. The increase in loss in 2013 was primarily due to a reduction in net interest income due primarily to lower loan balances and a decrease in the yield on interest-earning assets due to the lower interest rate environment, offset by the absence of a provision for loan losses for the period ended March 31, 2013, due to a net reduction in loans, nonperforming assets and charge-offs. In addition, the Corporation did not record any gain on the sale of investments for the quarter ending March 31, 2013 compared to $239,000 for the previous year comparable quarter. Net loss per common share was $0.26 (diluted) for the three months ended March 31, 2013, versus a net loss of $0.11 per common share
Provident Community Bancshares Reports Fourth Quarter Results
Business Wire - Fri Mar 08, 3:30PM CST
Provident Community Bancshares, Inc. (OTCBB: PCBS) (the "Corporation") recorded a net loss to common shareholders of $409,000 for the three months ended December 31, 2012 compared to a net loss to common shareholders of $428,000 for the same period in 2011. The decrease in loss in 2012 was primarily due to a lower provision for loan losses for the period ended December 31, 2012, due to a net reduction in loans of $7.1 million along with a reduction in loan charge-offs and in other real estate owned expense. These decreases were partially offset by a reduction in net interest income due primarily to lower loan balances due to economic conditions and higher underwriting standards along with a $260,000 charge to income tax expense for a write-down of the deferred tax asset. Net loss per common share was $0.23 (diluted) for the three months ended December 31, 2012, versus a net loss of $0.24 per common share (diluted) for
