Latest United Finl Banking Cos New (UFBC) Headlines
Cardinal Financial merges its subsidiaries Cardinal Bank and TBB
M2 - Tue Mar 11, 6:24AM CDT
Financial holding company Cardinal Financial Corporation (Nasdaq:CFNL) closed the merger of its subsidiary banks, Cardinal Bank and The Business Bank (TBB) as of 7 March 2014, it revealed on Monday.
Cardinal Announces Fourth Quarter Earnings
Business Wire - Wed Jan 22, 1:00PM CST
Cardinal Financial Corporation (NASDAQ: CFNL) (the "Company") today announced quarterly earnings of $5.5 million, or $0.18 per diluted share, for the period ended December 31, 2013. For the fiscal year, earnings were $25.5 million, or $0.82 per diluted share. This compares to earnings of $13.0 million, or $0.43 per diluted share, and $45.3 million, or $1.51 per diluted share, for the comparable three and twelve month periods of 2012. Quarterly results were again influenced by the mortgage banking segment of the Company's business, which reported a net loss of $1.6 million for the fourth quarter of 2013 compared to net income of $3.7 million in the year ago quarter. Additionally, the Company had a write down of $300,000 on investments as a result of the Volcker rule. Cardinal also incurred approximately $160,000 of merger expenses in the fourth quarter 2013 and $464,000 for the 2013 year related to its acquisition of United Financial Banking Companies, Inc. (UFBC).
Cardinal Financial Corporation Completes Acquisition of United Financial Banking Companies, Inc.
Business Wire - Thu Jan 16, 8:00AM CST
Cardinal Financial Corporation (Nasdaq: CFNL) ("Cardinal" or the "Company"), the holding company of Cardinal Bank, announced today the completion of its acquisition of United Financial Banking Companies, Inc. ("UFBC"), the holding company of The Business Bank ("TBB"), pursuant to a previously announced definitive merger agreement. The merger of UFBC into Cardinal is effective January 16, 2014. It is anticipated that TBB will be merged into Cardinal Bank on March 8, 2014.
Cardinal Financial Corporation Receives Regulatory Approvals for Acquisition of United Financial Banking Companies, Inc.
Business Wire - Mon Jan 06, 9:04AM CST
Cardinal Financial Corporation (NASDAQ: CFNL) ("Cardinal" or the "Company") today announced that it has received the required regulatory approvals from the Federal Reserve Bank of Richmond and the Virginia State Corporation Commission to acquire United Financial Banking Companies, Inc. ("UFBC"), the holding company of The Business Bank ("TBB"). The Company also announced that its wholly-owned bank subsidiary, Cardinal Bank, received the necessary regulatory approvals from the Federal Deposit Insurance Corporation and the Virginia State Corporation Commission for the merger of TBB with and into Cardinal Bank.
Cardinal Announces Third Quarter Earnings
Business Wire - Wed Oct 23, 12:05PM CDT
Cardinal Financial Corporation (NASDAQ: CFNL) (the "Company") today announced quarterly earnings of $3.0 million, or $0.10 per diluted share, for the period ended September 30, 2013. For the nine month year to date period, earnings were $20.0 million, or $0.64 diluted per share. This compares to earnings of $14.5 million, or $0.48 per diluted share, and $32.3 million, or $1.07 per diluted share, for the comparable three and nine month periods of 2012. Quarterly results were heavily influenced by the mortgage banking segment of the Company's business, which reported a net loss of $4.9 million versus net income of $7.0 million in the year ago quarter. Additionally, the Company incurred approximately $304,000 of merger expenses related to its upcoming acquisition of United Financial Banking Companies, Inc., the holding company of The Business Bank ("TBB").
Cardinal Financial signs acquisition agreement for United Financial Banking Companies Inc for USD38.26 per share
M2 - Tue Sep 10, 8:44AM CDT
Cardinal Financial Corporation (Nasdaq:CFNL), the holding company of Cardinal Bank, has signed a definitive merger agreement whereby it will acquire United Financial Banking Companies Inc (OTCQB:UFBC) (UFBC), the holding company of the Business Bank (TBB) for USD38.26 per share, it revealed on Monday.
UNITED FINANCIAL BANKING COMPANIES, INC. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by Board of United Financial Banking Companies, Inc. in Connection With Sale of The Company
Business Wire - Mon Sep 09, 7:05PM CDT
Levi & Korsinsky is investigating the Board of Directors of United Financial Banking Companies, Inc. ("UFBC" or the "Company") (OTCQB:UFBC), the holding company of The Business Bank, for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Cardinal Financial Corporation ("Cardinal") (Nasdaq: CFNL).
Cardinal Financial Corporation Announces Plans to Acquire United Financial Banking Companies, Inc.
Business Wire - Mon Sep 09, 3:35PM CDT
Cardinal Financial Corporation (Nasdaq: CFNL) ("Cardinal" or the "Company"), the holding company of Cardinal Bank, announced today the signing of a definitive merger agreement under which Cardinal will acquire United Financial Banking Companies, Inc. (OTCQB: UFBC) ("UFBC"), the holding company of The Business Bank ("TBB"), for $38.26 per share.
Cardinal Financial merges its subsidiaries Cardinal Bank and TBB
M2 - Tue Mar 11, 6:24AM CDT
Financial holding company Cardinal Financial Corporation (Nasdaq:CFNL) closed the merger of its subsidiary banks, Cardinal Bank and The Business Bank (TBB) as of 7 March 2014, it revealed on Monday.
Cardinal Announces Fourth Quarter Earnings
Business Wire - Wed Jan 22, 1:00PM CST
Cardinal Financial Corporation (NASDAQ: CFNL) (the "Company") today announced quarterly earnings of $5.5 million, or $0.18 per diluted share, for the period ended December 31, 2013. For the fiscal year, earnings were $25.5 million, or $0.82 per diluted share. This compares to earnings of $13.0 million, or $0.43 per diluted share, and $45.3 million, or $1.51 per diluted share, for the comparable three and twelve month periods of 2012. Quarterly results were again influenced by the mortgage banking segment of the Company's business, which reported a net loss of $1.6 million for the fourth quarter of 2013 compared to net income of $3.7 million in the year ago quarter. Additionally, the Company had a write down of $300,000 on investments as a result of the Volcker rule. Cardinal also incurred approximately $160,000 of merger expenses in the fourth quarter 2013 and $464,000 for the 2013 year related to its acquisition of United Financial Banking Companies, Inc. (UFBC).
Cardinal Financial Corporation Completes Acquisition of United Financial Banking Companies, Inc.
Business Wire - Thu Jan 16, 8:00AM CST
Cardinal Financial Corporation (Nasdaq: CFNL) ("Cardinal" or the "Company"), the holding company of Cardinal Bank, announced today the completion of its acquisition of United Financial Banking Companies, Inc. ("UFBC"), the holding company of The Business Bank ("TBB"), pursuant to a previously announced definitive merger agreement. The merger of UFBC into Cardinal is effective January 16, 2014. It is anticipated that TBB will be merged into Cardinal Bank on March 8, 2014.
Cardinal Financial Corporation Receives Regulatory Approvals for Acquisition of United Financial Banking Companies, Inc.
Business Wire - Mon Jan 06, 9:04AM CST
Cardinal Financial Corporation (NASDAQ: CFNL) ("Cardinal" or the "Company") today announced that it has received the required regulatory approvals from the Federal Reserve Bank of Richmond and the Virginia State Corporation Commission to acquire United Financial Banking Companies, Inc. ("UFBC"), the holding company of The Business Bank ("TBB"). The Company also announced that its wholly-owned bank subsidiary, Cardinal Bank, received the necessary regulatory approvals from the Federal Deposit Insurance Corporation and the Virginia State Corporation Commission for the merger of TBB with and into Cardinal Bank.
Cardinal Announces Third Quarter Earnings
Business Wire - Wed Oct 23, 12:05PM CDT
Cardinal Financial Corporation (NASDAQ: CFNL) (the "Company") today announced quarterly earnings of $3.0 million, or $0.10 per diluted share, for the period ended September 30, 2013. For the nine month year to date period, earnings were $20.0 million, or $0.64 diluted per share. This compares to earnings of $14.5 million, or $0.48 per diluted share, and $32.3 million, or $1.07 per diluted share, for the comparable three and nine month periods of 2012. Quarterly results were heavily influenced by the mortgage banking segment of the Company's business, which reported a net loss of $4.9 million versus net income of $7.0 million in the year ago quarter. Additionally, the Company incurred approximately $304,000 of merger expenses related to its upcoming acquisition of United Financial Banking Companies, Inc., the holding company of The Business Bank ("TBB").
Cardinal Financial signs acquisition agreement for United Financial Banking Companies Inc for USD38.26 per share
M2 - Tue Sep 10, 8:44AM CDT
Cardinal Financial Corporation (Nasdaq:CFNL), the holding company of Cardinal Bank, has signed a definitive merger agreement whereby it will acquire United Financial Banking Companies Inc (OTCQB:UFBC) (UFBC), the holding company of the Business Bank (TBB) for USD38.26 per share, it revealed on Monday.
UNITED FINANCIAL BANKING COMPANIES, INC. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by Board of United Financial Banking Companies, Inc. in Connection With Sale of The Company
Business Wire - Mon Sep 09, 7:05PM CDT
Levi & Korsinsky is investigating the Board of Directors of United Financial Banking Companies, Inc. ("UFBC" or the "Company") (OTCQB:UFBC), the holding company of The Business Bank, for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Cardinal Financial Corporation ("Cardinal") (Nasdaq: CFNL).
Cardinal Financial Corporation Announces Plans to Acquire United Financial Banking Companies, Inc.
Business Wire - Mon Sep 09, 3:35PM CDT
Cardinal Financial Corporation (Nasdaq: CFNL) ("Cardinal" or the "Company"), the holding company of Cardinal Bank, announced today the signing of a definitive merger agreement under which Cardinal will acquire United Financial Banking Companies, Inc. (OTCQB: UFBC) ("UFBC"), the holding company of The Business Bank ("TBB"), for $38.26 per share.
