Latest Cfs Bancorp (CITZ) Headlines
First Merchants closes merger with CFS Bancorp
M2 - Wed Nov 13, 10:39AM CST
Financial holding company First Merchants Corporation (NASDAQ:FRME) has completed its merger with CFS Bancorp Inc (NASDAQ:CITZ) of Munster, Indiana on 12 November 2013, it revealed on Tuesday.
First Merchants Corporation Announces the Completion of Merger with CFS Bancorp
Business Wire - Tue Nov 12, 3:31PM CST
First Merchants Corporation (NASDAQ: FRME) successfully completed its previously announced merger with CFS Bancorp, Inc. (NASDAQ: CITZ), of Munster, Indiana on Tuesday, November 12, 2013. In connection with the merger, Citizens Financial Bank has also merged with and into First Merchants Bank. The combined First Merchants Bank has 95 banking centers in Illinois, Indiana and Ohio and approximately $3.5 billion in loans, $4.3 billion in deposits, and total assets and shareholders' equity of $5.5 billion and $653 million, respectively. The full integration of Citizens Financial Bank under the First Merchants brand will be completed during the 1st quarter of 2014.
Nasdaq stocks posting largest volume increases
AP - Fri Oct 11, 5:03PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
Levi & Korsinsky LLP Announces the Filing of a Class Action Lawsuit Against the Board of CFS Bancorp, Inc. -- CITZ
GlobeNewswire - Mon Aug 05, 11:52AM CDT
Levi & Korsinsky LLP has filed a class action lawsuit in the United States District Court for the Northern District of Indiana, Hammond Division (Civil Action No. 2:13-cv-00261) on behalf of all current stockholders of CFS Bancorp, Inc. (Nasdaq:CITZ) in connection with the proposed sale of the company to First Merchants Corporation (Nasdaq:FRME). The complaint alleges, among other things, that CFS Bancorp and the members of its board of directors violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 and Rule 14a-9, as promulgated by the U.S. Securities and Exchange Commission. More specifically, the complaint alleges that the defendants have filed proxy solicitation materials with the SEC that misrepresent or omit material information regarding First Merchants Corporation's proposed acquisition of CFS Bancorp.
CFS Bancorp, Inc. Reports a Net Loss for the Second Quarter of 2013 Due to Higher Credit Costs and Merger-Related Expenses
Marketwire - Tue Jul 30, 6:00AM CDT
CFS Bancorp, Inc. (NASDAQ: CITZ), the parent of Citizens Financial Bank, today reported a net loss of $(167,000), or $(.02) per share, for the second quarter of 2013, a decrease from net income of $1.4 million, or $.13 per diluted share, for the second quarter of 2012. The Company's net income for the six months ended June 30, 2013 was $1.3 million, or $.12 per diluted share compared to $1.8 million, or $.17 per diluted share, for the six months ended June 30, 2012.
Partner Juan E. Monteverde of Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of CFS Bancorp, Inc. (CITZ)
Business Wire - Thu Jul 11, 6:00PM CDT
Juan Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CFS Bancorp Inc. ("CFS" or the "Company") (NasdaqGM: CITZ) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to First Merchants Corporation (NasdaqGS: FRME) in a stock for stock deal valued at approximately $129.28 million. Under the terms of the proposed transaction, CFS stockholders will receive 0.65 shares of First Merchants Corporation stock for each share of CFS stock they own, representing a value of approximately $11.86 per share. According to Yahoo! Finance, at least one financial analyst has set a price target of $15.11 for CFS.
CFS Bancorp, Inc. Declares Cash Dividend
Marketwire - Mon Jun 24, 2:30PM CDT
CFS Bancorp, Inc. (NASDAQ: CITZ) announced that on June 24, 2013, the Board of Directors declared a quarterly cash dividend of $.01 per share payable on July 26, 2013 to shareholders of record as of July 5, 2013. This dividend is unchanged from the prior quarter's dividend.
Lifshitz Law Firm Announces Investigation of AsiaInfo-Linkage, Inc., Commerce National Bank, CFS Bancorp, Inc., and IEC Electronics Corp.
PR Newswire - Wed May 22, 5:47PM CDT
AsiaInfo-Linkage, Inc.
Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of CFS Bancorp, Inc. (CITZ)
Business Wire - Mon May 20, 6:00PM CDT
Juan Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CFS Bancorp Inc. ("CFS" or the "Company") (NasdaqGM: CITZ) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to First Merchants Corporation (NasdaqGS: FRME) in a stock for stock deal valued at $114.7 million. Under the terms of the proposed transaction, CFS stockholders will receive 0.65 shares of First Merchants Corporation stock for each share of CFS stock they own, representing a value of approximately $10.49 per share. According to Yahoo! Finance, at least one financial analyst has set a price target of $15.11 for CFS.
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of CFS Bancorp Inc. in Connection with the Sale of the Company to First Merchants Corporation
PR Newswire - Mon May 20, 12:48PM CDT
Levi & Korsinsky is investigating the Board of Directors of CFS Bancorp Inc. ("CFS" or the "Company") (NasdaqGM: CITZ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to First Merchants Corporation (NasdaqGS: FRME).
CFS Bancorp Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to First Merchants Corporation
Business Wire - Fri May 17, 2:30PM CDT
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of CFS Bancorp, Inc. ("CFS") (NasdaqGM: CITZ) to First Merchants Corporation. Under the terms of the sale valued at approximately $114.7 million, CFS shareholders will receive 0.65 shares of First Merchants Corporation stock for each share of CFS stock owned, representing an approximate value of $10.49 per share, which is well below one analyst's estimated value of $15.11 per share.
CORRECTING and REPLACING Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of CFS Bancorp Inc. (CITZ)
Business Wire - Tue May 14, 10:18AM CDT
Headline of release dated May 13, 2013 should read: Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of CFS Bancorp Inc. (CITZ) (sted Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of First Merchants Corporation (FRME)). Multiple subsequent revisions were also made.
Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of First Merchants Corporation (FRME)
Business Wire - Mon May 13, 6:05PM CDT
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of First Merchants Corporation ("First Merchants" or the "Company") (NASDAQ: FRME) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to CFS Bancorp, Inc. (NASDAQ: CITZ) ("CFS") in a stock-for-stock deal valued at approximately $114.7 million. Under the terms of the proposed transaction, First Merchants' stockholders will receive 0.65 shares of CFS common stock for each share of First Merchants common stock they own, a total implied price of approximately $10.49 per share, while according to Yahoo! Finance, at least one financial analyst has set a price target of $18.50 for First Merchants.
First Merchants to buy CFS Bancorp for $114.7M
AP - Mon May 13, 9:50AM CDT
MUNCIE, Ind. (AP) — First Merchants Corp. will buy CFS Bancorp Inc. for $114.7 million in an all-stock.
First Merchants Corporation and CFS Bancorp, Inc. Announce the Signing of a Definitive Merger Agreement
Marketwire - Mon May 13, 7:57AM CDT
First Merchants Corporation (NASDAQ: FRME) and CFS Bancorp, Inc. (NASDAQ: CITZ) today announced they have executed a definitive agreement whereby CFS will merge with and into First Merchants, and its wholly-owned bank subsidiary, Citizens Financial Bank, will merge with and into First Merchants Bank, NA.
First Merchants closes merger with CFS Bancorp
M2 - Wed Nov 13, 10:39AM CST
Financial holding company First Merchants Corporation (NASDAQ:FRME) has completed its merger with CFS Bancorp Inc (NASDAQ:CITZ) of Munster, Indiana on 12 November 2013, it revealed on Tuesday.
First Merchants Corporation Announces the Completion of Merger with CFS Bancorp
Business Wire - Tue Nov 12, 3:31PM CST
First Merchants Corporation (NASDAQ: FRME) successfully completed its previously announced merger with CFS Bancorp, Inc. (NASDAQ: CITZ), of Munster, Indiana on Tuesday, November 12, 2013. In connection with the merger, Citizens Financial Bank has also merged with and into First Merchants Bank. The combined First Merchants Bank has 95 banking centers in Illinois, Indiana and Ohio and approximately $3.5 billion in loans, $4.3 billion in deposits, and total assets and shareholders' equity of $5.5 billion and $653 million, respectively. The full integration of Citizens Financial Bank under the First Merchants brand will be completed during the 1st quarter of 2014.
Nasdaq stocks posting largest volume increases
AP - Fri Oct 11, 5:03PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
Levi & Korsinsky LLP Announces the Filing of a Class Action Lawsuit Against the Board of CFS Bancorp, Inc. -- CITZ
GlobeNewswire - Mon Aug 05, 11:52AM CDT
Levi & Korsinsky LLP has filed a class action lawsuit in the United States District Court for the Northern District of Indiana, Hammond Division (Civil Action No. 2:13-cv-00261) on behalf of all current stockholders of CFS Bancorp, Inc. (Nasdaq:CITZ) in connection with the proposed sale of the company to First Merchants Corporation (Nasdaq:FRME). The complaint alleges, among other things, that CFS Bancorp and the members of its board of directors violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 and Rule 14a-9, as promulgated by the U.S. Securities and Exchange Commission. More specifically, the complaint alleges that the defendants have filed proxy solicitation materials with the SEC that misrepresent or omit material information regarding First Merchants Corporation's proposed acquisition of CFS Bancorp.
CFS Bancorp, Inc. Reports a Net Loss for the Second Quarter of 2013 Due to Higher Credit Costs and Merger-Related Expenses
Marketwire - Tue Jul 30, 6:00AM CDT
CFS Bancorp, Inc. (NASDAQ: CITZ), the parent of Citizens Financial Bank, today reported a net loss of $(167,000), or $(.02) per share, for the second quarter of 2013, a decrease from net income of $1.4 million, or $.13 per diluted share, for the second quarter of 2012. The Company's net income for the six months ended June 30, 2013 was $1.3 million, or $.12 per diluted share compared to $1.8 million, or $.17 per diluted share, for the six months ended June 30, 2012.
Partner Juan E. Monteverde of Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of CFS Bancorp, Inc. (CITZ)
Business Wire - Thu Jul 11, 6:00PM CDT
Juan Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CFS Bancorp Inc. ("CFS" or the "Company") (NasdaqGM: CITZ) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to First Merchants Corporation (NasdaqGS: FRME) in a stock for stock deal valued at approximately $129.28 million. Under the terms of the proposed transaction, CFS stockholders will receive 0.65 shares of First Merchants Corporation stock for each share of CFS stock they own, representing a value of approximately $11.86 per share. According to Yahoo! Finance, at least one financial analyst has set a price target of $15.11 for CFS.
CFS Bancorp, Inc. Declares Cash Dividend
Marketwire - Mon Jun 24, 2:30PM CDT
CFS Bancorp, Inc. (NASDAQ: CITZ) announced that on June 24, 2013, the Board of Directors declared a quarterly cash dividend of $.01 per share payable on July 26, 2013 to shareholders of record as of July 5, 2013. This dividend is unchanged from the prior quarter's dividend.
Lifshitz Law Firm Announces Investigation of AsiaInfo-Linkage, Inc., Commerce National Bank, CFS Bancorp, Inc., and IEC Electronics Corp.
PR Newswire - Wed May 22, 5:47PM CDT
AsiaInfo-Linkage, Inc.
Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of CFS Bancorp, Inc. (CITZ)
Business Wire - Mon May 20, 6:00PM CDT
Juan Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CFS Bancorp Inc. ("CFS" or the "Company") (NasdaqGM: CITZ) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to First Merchants Corporation (NasdaqGS: FRME) in a stock for stock deal valued at $114.7 million. Under the terms of the proposed transaction, CFS stockholders will receive 0.65 shares of First Merchants Corporation stock for each share of CFS stock they own, representing a value of approximately $10.49 per share. According to Yahoo! Finance, at least one financial analyst has set a price target of $15.11 for CFS.
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of CFS Bancorp Inc. in Connection with the Sale of the Company to First Merchants Corporation
PR Newswire - Mon May 20, 12:48PM CDT
Levi & Korsinsky is investigating the Board of Directors of CFS Bancorp Inc. ("CFS" or the "Company") (NasdaqGM: CITZ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to First Merchants Corporation (NasdaqGS: FRME).
CFS Bancorp Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to First Merchants Corporation
Business Wire - Fri May 17, 2:30PM CDT
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of CFS Bancorp, Inc. ("CFS") (NasdaqGM: CITZ) to First Merchants Corporation. Under the terms of the sale valued at approximately $114.7 million, CFS shareholders will receive 0.65 shares of First Merchants Corporation stock for each share of CFS stock owned, representing an approximate value of $10.49 per share, which is well below one analyst's estimated value of $15.11 per share.
CORRECTING and REPLACING Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of CFS Bancorp Inc. (CITZ)
Business Wire - Tue May 14, 10:18AM CDT
Headline of release dated May 13, 2013 should read: Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of CFS Bancorp Inc. (CITZ) (sted Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of First Merchants Corporation (FRME)). Multiple subsequent revisions were also made.
Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of First Merchants Corporation (FRME)
Business Wire - Mon May 13, 6:05PM CDT
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of First Merchants Corporation ("First Merchants" or the "Company") (NASDAQ: FRME) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to CFS Bancorp, Inc. (NASDAQ: CITZ) ("CFS") in a stock-for-stock deal valued at approximately $114.7 million. Under the terms of the proposed transaction, First Merchants' stockholders will receive 0.65 shares of CFS common stock for each share of First Merchants common stock they own, a total implied price of approximately $10.49 per share, while according to Yahoo! Finance, at least one financial analyst has set a price target of $18.50 for First Merchants.
First Merchants to buy CFS Bancorp for $114.7M
AP - Mon May 13, 9:50AM CDT
MUNCIE, Ind. (AP) — First Merchants Corp. will buy CFS Bancorp Inc. for $114.7 million in an all-stock.
First Merchants Corporation and CFS Bancorp, Inc. Announce the Signing of a Definitive Merger Agreement
Marketwire - Mon May 13, 7:57AM CDT
First Merchants Corporation (NASDAQ: FRME) and CFS Bancorp, Inc. (NASDAQ: CITZ) today announced they have executed a definitive agreement whereby CFS will merge with and into First Merchants, and its wholly-owned bank subsidiary, Citizens Financial Bank, will merge with and into First Merchants Bank, NA.
