Valley Financial Corp (VYFC) 21.36 $VYFC
Juniata Valley Financial Corp. Announces Earnings and Declares Dividend
PR Newswire - Wed Jul 29, 3:38PM CDT
Marcie A. Barber, President and Chief Executive Officer of Juniata Valley Financial Corp. (OTC Pink: JUVF), announced that net income and earnings per share for the quarter ended June 30, 2015 were $1,001,000 and $0.24, respectively, compared to $1,163,000 and $0.28, respectively, for the quarter ended June 30, 2014. The decrease in earnings was due primarily to higher non-interest expense and, to a lesser degree, reduced non-interest income; these factors offset an increase in net interest income. During the 2015 period, non-interest expense included merger and acquisition costs that were not incurred during the 2014 period and increased employee benefit costs and non-interest income did not include life insurance proceeds that were received during the 2014 period. Year-to-date, comparative net income and earnings per share results were similarly impacted by the life insurance proceeds received in the second quarter of 2014.
VYFC: 21.36 (+0.31)
BNC Bancorp Completes Merger with Valley Financial Corporation
PR Newswire - Wed Jul 01, 7:45AM CDT
BNC Bancorp (NASDAQ: BNCN), the parent company of Bank of North Carolina ("BNC" or the "Bank"
, today announced the successful completion of its merger with Valley Financial Corporation ("Valley," NASDAQ: VYFC), the parent company of Valley Bank ("Valley Bank", thereby expanding BNC's presence into Southwest Virginia and the Greater Roanoke MSA.
BNCN: 22.88 (-0.52), VYFC: 21.36 (+0.31)
Juniata Valley Financial Corp. Announces Earnings and Declares Dividend
PR Newswire - Wed Jul 29, 3:38PM CDT
Marcie A. Barber, President and Chief Executive Officer of Juniata Valley Financial Corp. (OTC Pink: JUVF), announced that net income and earnings per share for the quarter ended June 30, 2015 were $1,001,000 and $0.24, respectively, compared to $1,163,000 and $0.28, respectively, for the quarter ended June 30, 2014. The decrease in earnings was due primarily to higher non-interest expense and, to a lesser degree, reduced non-interest income; these factors offset an increase in net interest income. During the 2015 period, non-interest expense included merger and acquisition costs that were not incurred during the 2014 period and increased employee benefit costs and non-interest income did not include life insurance proceeds that were received during the 2014 period. Year-to-date, comparative net income and earnings per share results were similarly impacted by the life insurance proceeds received in the second quarter of 2014.
VYFC: 21.36 (+0.31)
BNC Bancorp Completes Merger with Valley Financial Corporation
PR Newswire - Wed Jul 01, 7:45AM CDT
BNC Bancorp (NASDAQ: BNCN), the parent company of Bank of North Carolina ("BNC" or the "Bank"
, today announced the successful completion of its merger with Valley Financial Corporation ("Valley," NASDAQ: VYFC), the parent company of Valley Bank ("Valley Bank", thereby expanding BNC's presence into Southwest Virginia and the Greater Roanoke MSA. BNCN: 22.88 (-0.52), VYFC: 21.36 (+0.31)
