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Under Rate Pressure, Commerce Reports Drop in Profits
CEO said the Âworst interest rate environment in recent years challenged the bank.
Hudson United, TD Banknorth Shareholders Vote to Merge
The $1.9 billion deal is expected to close later this quarter upon approval from the Federal Reserve.
Center Bancorp Appoints New Board Member
The bank has named John J. DeLaney Jr., a partner at a Summit law firm, to its board.
1st Colonial Bancorp to Pay Out 5 Dividend
The dividend will be payable on April 15, 2006.
Odyssey Investment to Buy York Insurance for about 105 Million
Bexil Corporation, the primary selling entity, will sell all of its York shares.
Big Tax Credits for Community Development
A recent federal program that promotes investments in low-income areas gains momentum in the state
Selective Promotes More Execs
William T. Conway was promoted to senior vice president of benefits and compensation for Selective Insurance Company of America.
Roeblings Board Approves Buybacks
The open-market purchases will be made periodically starting in 2006.
Selective Insurance Names New Director
John C. Burville will serve on its board of directors in January and stand for election in April.
Stewardship Financial Boosts Cash Dividend
The parent of Atlantic Stewardship Bank will pay 24.4% more than in the first quarter of 2005.
Banks Boost Asta Funding Credit Facility
The asset managerÂs credit facility has been increased to $100 Million.
