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Agrees to purchase Kentucky branches, commercial loans and other assets of Integra
* Q3 loss/shr $1.01 vs est loss/shr $0.78 * Intends to defer certain interest payments * Suspending preferred stock div * Shares fall 17 percent Oct 29 (Reuters) - Integra Bank Corp
A Warren Buffet-led group has struck a deal to acquire Capmark Financial Group Inc.'s mortgage banking business - a deal that has two potential prices based on whether the commercial real estate finance company seeks bankruptcy...
http://www.costar.com/News/Article.aspx?id=1FF0D22F88C2B2AED36A373A06E6E2E9&ref=1&src=rss
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EVANSVILLE, Ind., Oct 29, 2009 (GlobeNewswire via COMTEX) --
Integra Bank (Nasdaq:IBNK) held the ceremonial groundbreaking yesterday for its new full-service Northfield Banking Center located in northern Vanderburgh County.
Integra Bank executives, along with local officials, chamber representatives, and special guests of the bank attended the event held on the bank's future branch site located in front of the Buehler's Buy-Low on U.S. 41 North. Michael J. Alley, Chairman and CEO of Integra, spoke to the group of Integra's commitment to hire local firms to complete the construction of the new facility.
"We are extremely excited to begin construction of this facility," stated Alley. "We've worked very hard to break away from the traditional bank branch and create a highly functional "open space" design allowing for greater customer interaction -- whether you are standing in the lobby or sitting in your car looking through the full-view drive-thru."
"This unique branch prototype has been in development for several years and features a customer-friendly environment staffed by a team of Universal Bankers," stated Roger M. Duncan, Executive Vice President and head of Retail Banking for Integra. "Our Universal Bankers can perform a complete array of transactions, which makes the customer experience more convenient by talking with one experienced banker instead of getting shuffled around from person to person."
This new branch features a circular customer service counter to allow the Universal Bankers to assist customers quicker and more seamless than the traditional bank teller line allowed. In addition, the design includes digital merchandising and a kids entertainment area.
Integra is currently located inside the Buehler's Buy-Low with a limited service facility. Integra intends to close its in-store branch and replace it with this new location. Integra anticipates the branch to open in April 2010. Integra currently serves Evansville with 11 full-service locations and 45 ATMs.
About Integra
Headquartered in Evansville, Integra Bank Corporation is the parent of Integra Bank N.A. As of September 30, 2009, Integra had $3.3 billion in total assets and operates 74 banking centers and 122 ATMs at locations in Indiana, Kentucky, Illinois and Ohio. Integra Bank Corporation's common stock is listed on the Nasdaq Global Market under the symbol IBNK. Additional information may be found at Integra's web site, www.integrabank.com.
The Integra Bank Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3858
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Integra Bank Corporation
CONTACT: Integra Bank Corporation Greg Pence, Executive Vice President, Director of Marketing 812-464-9753 Gretchen Dunn, Shareholder Relations 812-464-9677 http://www.integrabank.com
Tags: bank banking ceo construction entertainment environment executive illinois indiana kentucky local market nasdaq ohio president retail web
Companies: Integra Bank Corp. (IBNK)
Oct 29, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called a Downtrend for Integra Bank (NASDAQ:IBNK) on September 29, 2009 at $1.07.
Since then, Integra Bank has returned 14.5% as of today's recent price of $0.92. Want to profit from these alerts?
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
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Tags: bank market nasdaq profit securities trial
Companies: Integra Bank Corp. (IBNK)
Oct 27, 2009 (Wall Street Horizon via COMTEX) --
Integra Bank Corporation (IBNK)
Expected next earnings release: Announcement date: 10/29/2009 - Before Market Earnings Quarter: Q3 Announcement Status: Verified
Expected next investor conference call information: Conference Call Date: 10/29/2009 Conference Call Time (ET): 11:00 AM Conference Call URL: http://investor.shareholder.com/media/eventdetail.cfm?eventid=74107&CompanyID=IBNK&e=1&mediaKey=FF134DF86B00F4EEB25AC324307AD93A
Tags: bank conference corporate earnings market
Companies: Integra Bank Corp. (IBNK)
Oct 22, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called a Downtrend for Integra Bank (NASDAQ:IBNK) on September 29, 2009 at $1.07.
Since then, Integra Bank has returned 7% as of today's recent price of $1.00. Want to profit from these alerts?
Go to www.mysmartrend.com now for a FREE two-week trial.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Tags: bank market nasdaq profit securities trial
Companies: Integra Bank Corp. (IBNK)
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If you are hoping to get a small business loan and your business is based in Cadiz, Kentucky, we've assembled a list of local small business banks that you should contact.
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Integra Bank To Offer Directo Inc. Paycards to Reduce Client Payroll Costs An agreement between Integra Bank Corporation and Atlanta-based Directo, Inc. allows the $2.8 billion bank to offer FDIC-insured paycards among business clients who provide direct deposit payroll.
Total : 10,300,000 View more »
Integra Bank operates 75 banking centers and 123 ATMs at locations in Indiana, Kentucky, Illinois and Ohio.
See the company profile for Integra Bank Corporation (IBNK) including business summary, industry/sector information, number of employees, business summary, corporate governance ...
Integra Bank Corporation Company Profile - View the latest news, market research, credit research, and investment research on Integra Bank Corporation Evansville IN United States ...
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Integra Bank Corporation (Nasdaq:IBNK) announced that its board of directors suspended the payment of cash dividends on the Company's common stock for an indefinite period. The ...