1St Century Bancshs (FCTY) 11.22 $FCTY
Midland Financial Co. and 1st Century Bancshares, Inc. Complete Merger Transaction
PR Newswire - Fri Jul 01, 9:00AM CDT
Midland Financial Co. ("Midland"
, the holding company for MidFirst Bank, announced the completion of the acquisition of 1st Century Bancshares, Inc. (NASDAQ: FCTY) ("1st Century", the former holding company for 1st Century Bank. Following the acquisition, Midland will continue to operate the 1st Century Bank brand as a division of MidFirst Bank and all of 1st Century Bank's West Los Angeles offices will remain in operation.
FCTY: 11.22 (unch)
1st Century Bank EVP Bonnie Rubin Nominated for Los Angeles Business Journal's Annual Women Making a Difference Award
GlobeNewswire - Tue May 10, 8:30AM CDT
1st Century Bank, N.A. (the "Bank", a wholly owned subsidiary of 1st Century Bancshares, Inc. (the "Company" (NASDAQ:FCTY), is proud to announce the nomination of Executive Vice President Bonnie Rubin for the Los Angeles Business Journal's 2016 Women Making A Difference Award honoring the most successful women leaders of Los Angeles County. This reader-nominated award featured in a LABJ Special Supplement garners over 200 nominations each year. The awards luncheon, part of the LABJ's 23 Annual Women's Summit, will take place on Monday, May 23, 2016 at the J.W. Marriott L.A. LIVE.
FCTY: 11.22 (unch)
1st Century Bancshares, Inc. Reports Financial Results for the Quarter Ended March 31, 2016
GlobeNewswire - Wed Apr 27, 2:12PM CDT
1st Century Bancshares, Inc. (the "Company" (NASDAQ:FCTY), the holding company for 1st Century Bank, N.A. (the "Bank", today reported net income for the quarter ended March 31, 2016 of $273,000, compared to $315,000 for the same period last year. Diluted earnings per share for both the quarters ended March 31, 2016 and 2015 was $0.03. Pre-tax, pre-provision earnings for the quarter ended March 31, 2016 was $682,000, compared to $711,000 for the same period last year. Included in net income for the quarter ended March 31, 2016, are non-interest expenses of $861,000 and $268,000 incurred in connection with the proposed merger with Midland Financial Co. ("Midland" and the registration statement on Form S-1 ("Form S-1" that was filed with the U.S. Securities and Exchange Commission (the "SEC" on September 25, 2015, respectively. Excluding the impact of these items, net earnings would have been approximately $928,000 during the quarter ended March 31, 2016. Net earnings excluding these items, a non-GAAP financial measure, is presented because management believes adjusting the Company's results to exclude these non-interest expenses provides stockholders with a useful metric for evaluating the profitability of the Company. A schedule reconciling our GAAP net income to earnings, excluding merger and Form S-1 related expenses is provided in the table below. Further discussion regarding the proposed merger is also provided below.
FCTY: 11.22 (unch)
1st Century Bank Participates in Make-A-Wish(R) Greater Los Angeles' 9th Annual "Walk for Wishes"
R)
GlobeNewswire - Tue Apr 26, 5:30AM CDT
1st Century Bank, N.A. (the "Bank", a wholly owned subsidiary of 1st Century Bancshares, Inc. (the "Company" (NASDAQ:FCTY), was proud to join in Make-A-Wish(R) Greater Los Angeles' 9 Annual "Walk for Wishes"R) as a sponsor and participant. The event on Saturday, April 23 raised over $150,000 to grant future wishes to children in Los Angeles.
FCTY: 11.22 (unch)
EY Announces Jason DiNapoli, President and CEO of 1st Century Bank as an EY Entrepreneur Of The Year(R) 2016 Greater Los Angeles Semifinalist
GlobeNewswire - Mon Mar 28, 5:59PM CDT
1st Century Bank, N.A. (the "Bank", a wholly-owned subsidiary of 1st Century Bancshares, Inc. (the "Company" (NASDAQ:FCTY), today announced that Jason DiNapoli, President and CEO of 1st Century Bank, is a semifinalist for the EY Entrepreneur Of The Year 2016 Greater Los Angeles Region Award. Now celebrating its 30 year, the awards program recognizes entrepreneurs in over 145 cities and 60 countries who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Jason DiNapoli was selected as a semifinalist by a panel of independent judges. Finalists will be announced Monday, May 9, and winners will be announced at a black-tie Awards Gala on Tuesday, June 21, with more than 700 Founders, CEOs and other business leaders in attendance, at the Beverly Hilton hotel in Beverly Hills, California.
FCTY: 11.22 (unch)
1st Century Bancshares, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger with Midland Financial Co.
BusinessWire - Thu Mar 17, 2:17PM CDT
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of 1st Century Bancshares, Inc. ("1st Century" (NASDAQ: FCTY) concerning the merger with Midland Financial Co. Under the terms of the agreement, 1st Century shareholders will only receive $11.22 in cash per share held.
FCTY: 11.22 (unch)
1st Century Bancshares, Inc. Acquisition May Not Be in the Best Interests of Its Shareholders
PR Newswire - Mon Mar 14, 3:23PM CDT
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of 1st Century Bancshares, Inc. ("FCTY" or the "Company" in connection with the proposed acquisition of the Company by Midland Financial Co. ("Midland". On March 10, 2016, FCTY and Midland jointly announced the proposed acquisition of FCTY, pursuant to which FCTY shareholders will receive $11.22 in cash for each FCTY share they own.
FCTY: 11.22 (unch)
Oklahoma City-based MidFirst Bank and Los Angeles-based 1st Century Bank announce agreement to merge
PR Newswire - Thu Mar 10, 8:45PM CST
Midland Financial Co., the holding company for MidFirst Bank, and 1st Century Bancshares, Inc. (NASDAQ: FCTY), the holding company for 1st Century Bank, National Association, jointly announced today they have entered into a definitive agreement pursuant to which Midland will acquire 1st Century Bancshares. Simultaneously with the closing of the acquisition, 1st Century Bank will be merged into MidFirst Bank. Following these transactions, the business of 1st Century Bank will continue to operate under the 1st Century brand as a division of MidFirst Bank.
FCTY: 11.22 (unch)
1st Century Bancshares, Inc. Reports Financial Results for the Quarter and Year Ended December 31, 2015
GlobeNewswire - Thu Mar 03, 4:47PM CST
1st Century Bancshares, Inc. (the "Company" (NASDAQ:FCTY), the holding company for 1st Century Bank, N.A. (the "Bank", today reported net income for the quarter and year ended December 31, 2015 of $869,000 and $2.6 million, respectively, compared to $554,000 and $2.4 million for the same periods last year. Diluted earnings per share for the quarter and year ended December 31, 2015 were $0.09 and $0.26, respectively, compared to $0.06 and $0.24 for the same periods last year. Pre-tax, pre-provision earnings for the quarter and year ended December 31, 2015 was $1.8 million and $5.8 million, respectively, compared to $1.1 million and $4.4 million for the same periods last year. Included in net income for the quarter and year ended December 31, 2015 are gains in connection with the sale of securities of none and $75,000, respectively, compared to $196,000 and $1.2 million for the same periods last year, as well as provisions for loan losses of $300,000 and $1.3 million for the quarter and year ended December 31, 2015, compared to none and $100,000 for the same periods last year.
FCTY: 11.22 (unch)
1st Century Bancshares, Inc. Reports Financial Results for the Quarter and Nine Months Ended September 30, 2015
GlobeNewswire - Wed Oct 28, 2:23PM CDT
1st Century Bancshares, Inc. (the "Company" (NASDAQ:FCTY), the holding company for 1st Century Bank, N.A. (the "Bank", today reported net income for the three and nine months ended September 30, 2015 of $854,000 and $1.7 million, respectively, compared to $626,000 and $1.8 million for the same periods last year. Pre-tax, pre-provision earnings for the three and nine months ended September 30, 2015 was $1.8 million and $4.0 million, respectively, compared to $1.1 million and $3.2 million for the same periods last year. Included in net income for the three and nine months ended September 30, 2015 are gains in connection with the sale of securities of none and $75,000, respectively, compared to $196,000 and $982,000 for the same periods last year, as well as provisions for loan losses of $300,000 and $1.0 million for the three and nine months ended September 30, 2015, compared to none and $100,000 for the same periods last year.
FCTY: 11.22 (unch)
1st Century Bank and EVP Bonnie Rubin to be Honored at Pearls of Hope(R) Gala
GlobeNewswire - Wed Sep 30, 8:00AM CDT
1st Century Bank, N.A. (the "Bank", and its holding company 1st Century Bancshares, Inc. (NASDAQ:FCTY), is pleased to announce that Executive Vice President Bonnie Rubin and 1 Century Bank will be honored for their years of service and support to The Lorraine Jackson Foundation at the 7 Annual Awards & Scholarship Gala to be held on October 14, 2015.
FCTY: 11.22 (unch)
1st Century Bank Chairman Alan Rothenberg Honored With Legacy Award by Major League Soccer
GlobeNewswire - Tue Aug 11, 8:00AM CDT
1st Century Bank, N.A. (the "Bank", and its holding company 1st Century Bancshares, Inc. (NASDAQ:FCTY), is pleased to announce that Chairman of the Board Alan I. Rothenberg was honored as the first recipient of the annual legacy award that will bear his name, the Alan I. Rothenberg Legacy Award, presented by Major League Soccer (MLS).
FCTY: 11.22 (unch)
1st Century Bank Ranked Among Best Places to Work 2015 by Los Angeles Business Journal
GlobeNewswire - Thu Aug 06, 8:00AM CDT
1st Century Bank, N.A. (the "Bank", and its holding company 1st Century Bancshares, Inc. (NASDAQ:FCTY), is pleased to announce that the Bank was named among the Los Angeles Business Journal's top 100 "Best Places to Work 2015," a survey and recognition program dedicated to identifying and recognizing the best employers in Los Angeles County. The rankings of the 100 "Best Places to Work in Los Angeles" will be unveiled at an awards ceremony to be held later this month.
FCTY: 11.22 (unch)
1st Century Bancshares, Inc. Reports Financial Results for the Quarter and Six Months Ended June 30, 2015
GlobeNewswire - Wed Jul 29, 2:17PM CDT
1st Century Bancshares, Inc. (the "Company" (NASDAQ:FCTY), the holding company for 1st Century Bank, N.A. (the "Bank", today reported net income for the three and six months ended June 30, 2015 of $515,000 and $830,000, respectively, compared to $779,000 and $1.2 million for the same periods last year. Pre-tax, pre-provision earnings for the three and six months ended June 30, 2015 was $1.5 million and $2.2 million, respectively, compared to $1.4 million and $2.2 million for the same periods last year. Included in net income for the three and six months ended June 30, 2015 are gains in connection with the sale of securities of none and $75,000, respectively, compared to $533,000 and $786,000 for the same periods last year, as well as provisions for loan losses of $575,000 and $725,000, respectively, compared to $100,000 for both of the same periods last year.
FCTY: 11.22 (unch)
1st Century Bancshares, Inc. (FCTY) in Focus: Stock Jumps 5.4% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Mon May 04, 8:21AM CDT
1st Century Bancshares, Inc. (FCTY) was a big mover last session, as the company saw its shares rise over 5% on the day.
FCTY: 11.22 (unch), FDEF: 39.00 (+0.24)
Midland Financial Co. and 1st Century Bancshares, Inc. Complete Merger Transaction
PR Newswire - Fri Jul 01, 9:00AM CDT
Midland Financial Co. ("Midland"
, the holding company for MidFirst Bank, announced the completion of the acquisition of 1st Century Bancshares, Inc. (NASDAQ: FCTY) ("1st Century", the former holding company for 1st Century Bank. Following the acquisition, Midland will continue to operate the 1st Century Bank brand as a division of MidFirst Bank and all of 1st Century Bank's West Los Angeles offices will remain in operation. FCTY: 11.22 (unch)
1st Century Bank EVP Bonnie Rubin Nominated for Los Angeles Business Journal's Annual Women Making a Difference Award
GlobeNewswire - Tue May 10, 8:30AM CDT
1st Century Bank, N.A. (the "Bank"
, a wholly owned subsidiary of 1st Century Bancshares, Inc. (the "Company" (NASDAQ:FCTY), is proud to announce the nomination of Executive Vice President Bonnie Rubin for the Los Angeles Business Journal's 2016 Women Making A Difference Award honoring the most successful women leaders of Los Angeles County. This reader-nominated award featured in a LABJ Special Supplement garners over 200 nominations each year. The awards luncheon, part of the LABJ's 23 Annual Women's Summit, will take place on Monday, May 23, 2016 at the J.W. Marriott L.A. LIVE. FCTY: 11.22 (unch)
1st Century Bancshares, Inc. Reports Financial Results for the Quarter Ended March 31, 2016
GlobeNewswire - Wed Apr 27, 2:12PM CDT
1st Century Bancshares, Inc. (the "Company"
(NASDAQ:FCTY), the holding company for 1st Century Bank, N.A. (the "Bank", today reported net income for the quarter ended March 31, 2016 of $273,000, compared to $315,000 for the same period last year. Diluted earnings per share for both the quarters ended March 31, 2016 and 2015 was $0.03. Pre-tax, pre-provision earnings for the quarter ended March 31, 2016 was $682,000, compared to $711,000 for the same period last year. Included in net income for the quarter ended March 31, 2016, are non-interest expenses of $861,000 and $268,000 incurred in connection with the proposed merger with Midland Financial Co. ("Midland" and the registration statement on Form S-1 ("Form S-1" that was filed with the U.S. Securities and Exchange Commission (the "SEC" on September 25, 2015, respectively. Excluding the impact of these items, net earnings would have been approximately $928,000 during the quarter ended March 31, 2016. Net earnings excluding these items, a non-GAAP financial measure, is presented because management believes adjusting the Company's results to exclude these non-interest expenses provides stockholders with a useful metric for evaluating the profitability of the Company. A schedule reconciling our GAAP net income to earnings, excluding merger and Form S-1 related expenses is provided in the table below. Further discussion regarding the proposed merger is also provided below. FCTY: 11.22 (unch)
1st Century Bank Participates in Make-A-Wish(R) Greater Los Angeles' 9th Annual "Walk for Wishes"
R) GlobeNewswire - Tue Apr 26, 5:30AM CDT
1st Century Bank, N.A. (the "Bank"
, a wholly owned subsidiary of 1st Century Bancshares, Inc. (the "Company" (NASDAQ:FCTY), was proud to join in Make-A-Wish(R) Greater Los Angeles' 9 Annual "Walk for Wishes"R) as a sponsor and participant. The event on Saturday, April 23 raised over $150,000 to grant future wishes to children in Los Angeles. FCTY: 11.22 (unch)
EY Announces Jason DiNapoli, President and CEO of 1st Century Bank as an EY Entrepreneur Of The Year(R) 2016 Greater Los Angeles Semifinalist
GlobeNewswire - Mon Mar 28, 5:59PM CDT
1st Century Bank, N.A. (the "Bank"
, a wholly-owned subsidiary of 1st Century Bancshares, Inc. (the "Company" (NASDAQ:FCTY), today announced that Jason DiNapoli, President and CEO of 1st Century Bank, is a semifinalist for the EY Entrepreneur Of The Year 2016 Greater Los Angeles Region Award. Now celebrating its 30 year, the awards program recognizes entrepreneurs in over 145 cities and 60 countries who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Jason DiNapoli was selected as a semifinalist by a panel of independent judges. Finalists will be announced Monday, May 9, and winners will be announced at a black-tie Awards Gala on Tuesday, June 21, with more than 700 Founders, CEOs and other business leaders in attendance, at the Beverly Hilton hotel in Beverly Hills, California. FCTY: 11.22 (unch)
1st Century Bancshares, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger with Midland Financial Co.
BusinessWire - Thu Mar 17, 2:17PM CDT
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of 1st Century Bancshares, Inc. ("1st Century"
(NASDAQ: FCTY) concerning the merger with Midland Financial Co. Under the terms of the agreement, 1st Century shareholders will only receive $11.22 in cash per share held. FCTY: 11.22 (unch)
1st Century Bancshares, Inc. Acquisition May Not Be in the Best Interests of Its Shareholders
PR Newswire - Mon Mar 14, 3:23PM CDT
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of 1st Century Bancshares, Inc. ("FCTY" or the "Company"
in connection with the proposed acquisition of the Company by Midland Financial Co. ("Midland". On March 10, 2016, FCTY and Midland jointly announced the proposed acquisition of FCTY, pursuant to which FCTY shareholders will receive $11.22 in cash for each FCTY share they own. FCTY: 11.22 (unch)
Oklahoma City-based MidFirst Bank and Los Angeles-based 1st Century Bank announce agreement to merge
PR Newswire - Thu Mar 10, 8:45PM CST
Midland Financial Co., the holding company for MidFirst Bank, and 1st Century Bancshares, Inc. (NASDAQ: FCTY), the holding company for 1st Century Bank, National Association, jointly announced today they have entered into a definitive agreement pursuant to which Midland will acquire 1st Century Bancshares. Simultaneously with the closing of the acquisition, 1st Century Bank will be merged into MidFirst Bank. Following these transactions, the business of 1st Century Bank will continue to operate under the 1st Century brand as a division of MidFirst Bank.
FCTY: 11.22 (unch)
1st Century Bancshares, Inc. Reports Financial Results for the Quarter and Year Ended December 31, 2015
GlobeNewswire - Thu Mar 03, 4:47PM CST
1st Century Bancshares, Inc. (the "Company"
(NASDAQ:FCTY), the holding company for 1st Century Bank, N.A. (the "Bank", today reported net income for the quarter and year ended December 31, 2015 of $869,000 and $2.6 million, respectively, compared to $554,000 and $2.4 million for the same periods last year. Diluted earnings per share for the quarter and year ended December 31, 2015 were $0.09 and $0.26, respectively, compared to $0.06 and $0.24 for the same periods last year. Pre-tax, pre-provision earnings for the quarter and year ended December 31, 2015 was $1.8 million and $5.8 million, respectively, compared to $1.1 million and $4.4 million for the same periods last year. Included in net income for the quarter and year ended December 31, 2015 are gains in connection with the sale of securities of none and $75,000, respectively, compared to $196,000 and $1.2 million for the same periods last year, as well as provisions for loan losses of $300,000 and $1.3 million for the quarter and year ended December 31, 2015, compared to none and $100,000 for the same periods last year. FCTY: 11.22 (unch)
1st Century Bancshares, Inc. Reports Financial Results for the Quarter and Nine Months Ended September 30, 2015
GlobeNewswire - Wed Oct 28, 2:23PM CDT
1st Century Bancshares, Inc. (the "Company"
(NASDAQ:FCTY), the holding company for 1st Century Bank, N.A. (the "Bank", today reported net income for the three and nine months ended September 30, 2015 of $854,000 and $1.7 million, respectively, compared to $626,000 and $1.8 million for the same periods last year. Pre-tax, pre-provision earnings for the three and nine months ended September 30, 2015 was $1.8 million and $4.0 million, respectively, compared to $1.1 million and $3.2 million for the same periods last year. Included in net income for the three and nine months ended September 30, 2015 are gains in connection with the sale of securities of none and $75,000, respectively, compared to $196,000 and $982,000 for the same periods last year, as well as provisions for loan losses of $300,000 and $1.0 million for the three and nine months ended September 30, 2015, compared to none and $100,000 for the same periods last year. FCTY: 11.22 (unch)
1st Century Bank and EVP Bonnie Rubin to be Honored at Pearls of Hope(R) Gala
GlobeNewswire - Wed Sep 30, 8:00AM CDT
1st Century Bank, N.A. (the "Bank"
, and its holding company 1st Century Bancshares, Inc. (NASDAQ:FCTY), is pleased to announce that Executive Vice President Bonnie Rubin and 1 Century Bank will be honored for their years of service and support to The Lorraine Jackson Foundation at the 7 Annual Awards & Scholarship Gala to be held on October 14, 2015. FCTY: 11.22 (unch)
1st Century Bank Chairman Alan Rothenberg Honored With Legacy Award by Major League Soccer
GlobeNewswire - Tue Aug 11, 8:00AM CDT
1st Century Bank, N.A. (the "Bank"
, and its holding company 1st Century Bancshares, Inc. (NASDAQ:FCTY), is pleased to announce that Chairman of the Board Alan I. Rothenberg was honored as the first recipient of the annual legacy award that will bear his name, the Alan I. Rothenberg Legacy Award, presented by Major League Soccer (MLS). FCTY: 11.22 (unch)
1st Century Bank Ranked Among Best Places to Work 2015 by Los Angeles Business Journal
GlobeNewswire - Thu Aug 06, 8:00AM CDT
1st Century Bank, N.A. (the "Bank"
, and its holding company 1st Century Bancshares, Inc. (NASDAQ:FCTY), is pleased to announce that the Bank was named among the Los Angeles Business Journal's top 100 "Best Places to Work 2015," a survey and recognition program dedicated to identifying and recognizing the best employers in Los Angeles County. The rankings of the 100 "Best Places to Work in Los Angeles" will be unveiled at an awards ceremony to be held later this month. FCTY: 11.22 (unch)
1st Century Bancshares, Inc. Reports Financial Results for the Quarter and Six Months Ended June 30, 2015
GlobeNewswire - Wed Jul 29, 2:17PM CDT
1st Century Bancshares, Inc. (the "Company"
(NASDAQ:FCTY), the holding company for 1st Century Bank, N.A. (the "Bank", today reported net income for the three and six months ended June 30, 2015 of $515,000 and $830,000, respectively, compared to $779,000 and $1.2 million for the same periods last year. Pre-tax, pre-provision earnings for the three and six months ended June 30, 2015 was $1.5 million and $2.2 million, respectively, compared to $1.4 million and $2.2 million for the same periods last year. Included in net income for the three and six months ended June 30, 2015 are gains in connection with the sale of securities of none and $75,000, respectively, compared to $533,000 and $786,000 for the same periods last year, as well as provisions for loan losses of $575,000 and $725,000, respectively, compared to $100,000 for both of the same periods last year. FCTY: 11.22 (unch)
1st Century Bancshares, Inc. (FCTY) in Focus: Stock Jumps 5.4% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Mon May 04, 8:21AM CDT
1st Century Bancshares, Inc. (FCTY) was a big mover last session, as the company saw its shares rise over 5% on the day.
FCTY: 11.22 (unch), FDEF: 39.00 (+0.24)
